Abstract
The present study examined the impact of the green policies announced during 2014 to 2020 on securities prices of firms constituting BSE Industrial index, by employing event study methodology. The study grouped the securities and observed that the announcements of the green policies did not impact the securities in group A, B and T. Further, on observing the impact of the individual events, the study found that the events having least binding at firm level has positive impact, whereas events with mandatory binding negatively impacted the returns. At sectoral level, the entire sectors except FMCG, Energy and Consumer Durables welcomed the green policies announcement positively.
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