气候变化领域集成服务门户(CCPortal): Climate policy uncertainty and the price dynamics of green and brown energy stocks

CCPortal

DOI	10.1016/j.frl.2022.102740
	Climate policy uncertainty and the price dynamics of green and brown energy stocks
	Bouri, Elie; Iqbal, Najaf; Klein, Tony
发表日期	2022
ISSN	1544-6123
EISSN	1544-6131
卷号	47
英文摘要	Using the newly proposed textual-based climate policy uncertainty index of Gavriilidis (2021), we provide the first empirical evidence that climate policy uncertainty is a significant determinant of the performance of green energy stocks relative to brown energy stocks. The climate policy uncertainty effect is positive and driven by crisis periods. The findings highlight the predictive information of climate policy uncertainty for price dynamics of green and brown energy equity and underline its influence on the preference of investors for green energy stocks, which matters for asset pricing, style rotation strategies, and asset allocation.
英文关键词	Climate policy uncertainty; Green and brown energy stocks; Green equity; Crisis periods; Climate change
语种	英语
WOS研究方向	Business, Finance
WOS类目	Social Science Citation Index (SSCI)
WOS记录号	WOS:000834854100010
来源期刊	FINANCE RESEARCH LETTERS
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/280422
作者单位	Lebanese American University; Anhui University of Finance & Economics; Queens University Belfast
推荐引用方式 GB/T 7714	Bouri, Elie,Iqbal, Najaf,Klein, Tony. Climate policy uncertainty and the price dynamics of green and brown energy stocks[J],2022,47.
APA	Bouri, Elie,Iqbal, Najaf,&Klein, Tony.(2022).Climate policy uncertainty and the price dynamics of green and brown energy stocks.FINANCE RESEARCH LETTERS,47.
MLA	Bouri, Elie,et al."Climate policy uncertainty and the price dynamics of green and brown energy stocks".FINANCE RESEARCH LETTERS 47(2022).