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Stock price trend of selected companies applying the principles of circular economy

Author

Listed:
  • Jakub Horák

    (Institute of Technology and Business in České Budějovice, Czech Republic)

  • Pavel Rousek

    (Institute of Technology and Business in České Budějovice, Czech Republic)

  • Václav Opálka

    (Institute of Technology and Business in České Budějovice, Czech Republic)

Abstract

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.

Suggested Citation

  • Jakub Horák & Pavel Rousek & Václav Opálka, 2022. "Stock price trend of selected companies applying the principles of circular economy," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 10(2), pages 448-463, December.
    • Handle: RePEc:ssi:jouesi:v:10:y:2022:i:2:p:448-463
    DOI: 10.9770/jesi.2022.10.2(28)
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    Citations

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    Cited by:

    1. Luis Manuel Cerdá-Suárez & Juan Felipe Espinosa-Cristia & Karen Núñez-Valdés & Gerson Núñez-Valdés, 2023. "Detecting Circular Economy Strategies in the Fourth Sector: Overview of the Chilean Construction Sector as Evidence of a Sustainable Business Model," Sustainability, MDPI, vol. 15(11), pages 1-23, May.

    More about this item

    Keywords

    stock; stock price; circular economy (CE); market capitalization; trend/development;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

    Statistics

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