Stock prices of clean energy firms, oil and carbon markets : a vector autoregressive analysis
Kumar, Surender, Managi, Shunsuke, & Matsuda, Akimi (2012) Stock prices of clean energy firms, oil and carbon markets : a vector autoregressive analysis. Energy Economics, 34(1), pp. 215-226.
Recent discussions of energy security and climate change have attracted significant attention to clean energy. We hypothesize that rising prices of conventional energy and/or placement of a price on carbon emissions would encourage investments in clean energy firms. The data from three clean energy indices show that oil prices and technology stock prices separately affect the stock prices of clean energy firms. However, the data fail to demonstrate a significant relationship between carbon prices and the stock prices of the firms.
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|Item Type:||Journal Article|
|Keywords:||Carbon price; Clean energy; Oil price; Stock prices|
|Subjects:||Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > APPLIED ECONOMICS (140200)|
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Economics & Finance
|Copyright Owner:||Copyright 2012 Elsevier|
|Deposited On:||25 Aug 2014 00:44|
|Last Modified:||25 Aug 2014 23:19|
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