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.

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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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29 citations in Web of Science®
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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

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