Abstract :
The impartial of the study was analyze the impact of the environmental release negative news such as (Oil spills, violations of permits, Waste Water, Noise pollution, Air pollutions and Environmental violations), on company’s profitability. We applied Event Methodology for analysis. We used Panel data of the cluster industries of Faisalabad. Environmental violations list we got from the Punjab Environmental Protection Agency, and their stock prices from the Pakistan Stock Exchange and Business Recorder. Data we take from the year 2003 to 2015. As a conclusion most of the industries experienced declining trend in its returns. Government should have followed Eco watch and Prokhash programed which are supported by India and Singapore government.
Keyword :
Keywords: Environmental Violation List; Negitive News; Pakistan Stock Exchange; Event study