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.

View at publisher

Abstract

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.

Impact and interest:

39 citations in Scopus
29 citations in Web of Science®
Search Google Scholar™

Citation counts are sourced monthly from Scopus and Web of Science® citation databases.

These databases contain citations from different subsets of available publications and different time periods and thus the citation count from each is usually different. Some works are not in either database and no count is displayed. Scopus includes citations from articles published in 1996 onwards, and Web of Science® generally from 1980 onwards.

Citations counts from the Google Scholar™ indexing service can be viewed at the linked Google Scholar™ search.

ID Code: 75443
Item Type: Journal Article
Refereed: Yes
Keywords: Carbon price; Clean energy; Oil price; Stock prices
DOI: 10.1016/j.eneco.2011.03.002
ISSN: 0140-9883
Subjects: Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > APPLIED ECONOMICS (140200)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Copyright Owner: Copyright 2012 Elsevier
Deposited On: 25 Aug 2014 00:44
Last Modified: 22 Jun 2017 10:01

Export: EndNote | Dublin Core | BibTeX

Repository Staff Only: item control page