Stock price effects of climate activism: Evidence from the first Global Climate Strike
研究了2019年3月15日首次全球气候罢工对欧洲企业股价的影响，发现碳密集型企业股价下跌，且分析师下调了其长期盈利预测。
The first Global Climate Strike on March 15, 2019, represented a historical turning point in climate activism. We investigate the cross-section of stock price reactions to this event for a large sample of European firms. The strike's unanticipated success caused a decrease in the stock prices of carbon-intensive firms. The effect appears to be driven by the increased public attention to climate activism. Furthermore, after the first Global Climate Strike financial analysts downgraded their longer-term earnings forecasts on carbon-intensive firms.