Criteria on Toxic Chemicals

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3. National Association of Securities Dealer Automated Quotation NASDAQ

Nasdaq is owned and operated by the Nasdaq OMX Group, the stock of which was listed on its own stock exchange under the ticker symbol NASDAQ: NDAQ Wikipedia.org. It was the successor to the over-the-counter OTC trading system. “As late as 1987, the NASDAQ exchange was still commonly referred to as the OTC in media and also in the monthly Stock Guides issued by Standard Poors Corporation’ Wikipedia.org. It owns the NASDAQ Composite Index, which measures all Nasdaq domestic and non-U.S. based common stocks listed on The Nasdaq Stock Market Nasdaq.com. The index is market-value weighted, indicating that each companys security affects the index in proportion to its market value Nasdaq.com. Nowadays the NASDAQ Composite Index includes over 5,000 companies, more than most other stock market indexes. Because it is so broad-based, the Composite is one of the most widely followed and quoted major market indexes Nasdaq.com. In this regard, the quotation utilized in this research refers to the date of publication of Greenpeace’s Guide to Greener Electronics. The dates are June 25, 2008 September 16, 2008; November 24, 2008; March 31, 2009; July 1, 2009; September 30, 2009; and January 7, 2010 respectively. 81

B. Analysis and Discussion 1. Descriptive Analysis

Table 4.4 Example of Nokia’s Score in Greenpeace’s Guide to Greener Electronics This research relies on secondary sources to gain the factual framework provided by highly visible non-governmental organization on environmental focus, namely Greenpeace. Its Guide to Greener Electronics is assessed thoroughly and updated regularly. The guide weights company policies and practice with scale from 0 to 3. As shown above, 0 indicates bad policies and practices, while 1+, 2+, and 3+ implies partially bad, partially good, and good respectively. After all, the data are processed by using SPSS version 17.