Context (archaeology)

Stock price

Ecology

Stock (firearms)

Biology

Climate policy

Archaeology

Economics

Acoustics

Geology

Business

Turning point

Oceanography

Paleontology

Physics

Climate change

Geography

Monetary economics

Earnings

Valuation (finance)

Series (stratigraphy)

Financial economics

Finance

Period (music)

Event study

Journal of Corporate Finance

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.

Stock price effects of climate activism: Evidence from the first Global Climate Strike