Stock prices of clean energy firms, oil and carbon markets: A vector autoregressive analysis
Stock prices of clean energy firms, oil and carbon markets: A vector autoregressive analysis
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DOI：
10.1016/j.eneco.2011.03.002
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发表时间：
2012-01-01
期刊：
影响因子：
12.8
通讯作者：
Matsuda, Akimi
中科院分区：
文献类型：
--
作者：
Kumar, Surender;Managi, Shunsuke;Matsuda, Akimi
最近关于能源安全和气候变化的讨论引起了对清洁能源的极大关注。我们假设，传统能源价格的上涨和/或对碳排放的定价将鼓励对清洁能源公司的投资。三个清洁能源指数的数据显示，石油价格和技术股价格分别影响清洁能源公司的股票价格。然而，这些数据未能证明碳价格与公司股票价格之间的显着关系。(C)2011 Elsevier B. V.保留所有权利。
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. (C) 2011 Elsevier B.V. All rights reserved.