Stock price trend of selected companies applying the principles of circular economy
This paper aims to establish whether there is a relationship between applying the circular economy (CE) principles and the stock prices of selected companies. In addition, a market capitalization change of the companies over ten years since the implementation of CE principles. Correlation analysis a...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Entrepreneurship and Sustainability Center
2022-12-01
|
| Series: | Entrepreneurship and Sustainability Issues |
| Online Access: | https://jssidoi.org/jesi/article/1036 |
| _version_ | 1797364803319103488 |
|---|---|
| author | Jakub Horák Pavel Rousek Václav Opálka |
| author_facet | Jakub Horák Pavel Rousek Václav Opálka |
| author_sort | Jakub Horák |
| collection | DOAJ |
| description | This paper aims to establish whether there is a relationship between applying the circular economy (CE) principles and the stock prices of selected companies. In addition, a market capitalization change of the companies over ten years since the implementation of CE principles. Correlation analysis and comparison methods are used for this study. The results show that the application of CE principles does not adversely impact the selected companies' stock prices. This finding can help companies to determine whether they should implement these sustainability principles into their corporate cultures. Furthermore, it was established that the business development of the selected companies over the ten years since the implementation of CE principles had been positive for all studied entities but varied considerably. However, it needs to be clarified whether the application of CE principles is responsible for this positive trend. It would be useful to extend this research with further studies. |
| first_indexed | 2024-03-08T16:41:19Z |
| format | Article |
| id | doaj.art-96fedfab13dc4a03a2e691c0aa89de77 |
| institution | Directory Open Access Journal |
| issn | 2345-0282 |
| language | English |
| last_indexed | 2024-03-08T16:41:19Z |
| publishDate | 2022-12-01 |
| publisher | Entrepreneurship and Sustainability Center |
| record_format | Article |
| series | Entrepreneurship and Sustainability Issues |
| spelling | doaj.art-96fedfab13dc4a03a2e691c0aa89de772024-01-05T10:27:11ZengEntrepreneurship and Sustainability CenterEntrepreneurship and Sustainability Issues2345-02822022-12-0110244846310.9770/jesi.2022.10.2(28)Stock price trend of selected companies applying the principles of circular economyJakub Horákhttps://orcid.org/0000-0001-6364-9745Pavel Rousekhttps://orcid.org/0000-0002-2566-0203Václav Opálkahttps://orcid.org/0000-0003-2622-999XThis paper aims to establish whether there is a relationship between applying the circular economy (CE) principles and the stock prices of selected companies. In addition, a market capitalization change of the companies over ten years since the implementation of CE principles. Correlation analysis and comparison methods are used for this study. The results show that the application of CE principles does not adversely impact the selected companies' stock prices. This finding can help companies to determine whether they should implement these sustainability principles into their corporate cultures. Furthermore, it was established that the business development of the selected companies over the ten years since the implementation of CE principles had been positive for all studied entities but varied considerably. However, it needs to be clarified whether the application of CE principles is responsible for this positive trend. It would be useful to extend this research with further studies.https://jssidoi.org/jesi/article/1036 |
| spellingShingle | Jakub Horák Pavel Rousek Václav Opálka Stock price trend of selected companies applying the principles of circular economy Entrepreneurship and Sustainability Issues |
| title | Stock price trend of selected companies applying the principles of circular economy |
| title_full | Stock price trend of selected companies applying the principles of circular economy |
| title_fullStr | Stock price trend of selected companies applying the principles of circular economy |
| title_full_unstemmed | Stock price trend of selected companies applying the principles of circular economy |
| title_short | Stock price trend of selected companies applying the principles of circular economy |
| title_sort | stock price trend of selected companies applying the principles of circular economy |
| url | https://jssidoi.org/jesi/article/1036 |
| work_keys_str_mv | AT jakubhorak stockpricetrendofselectedcompaniesapplyingtheprinciplesofcirculareconomy AT pavelrousek stockpricetrendofselectedcompaniesapplyingtheprinciplesofcirculareconomy AT vaclavopalka stockpricetrendofselectedcompaniesapplyingtheprinciplesofcirculareconomy |