The impact of air pollution on the stock performance: Evidence from China new energy vehicle industry
With Tesla stock soaring up into the sky with one start, people’s attention is once again focused on the new energy vehicle (NEV) industry. Based on China’s new energy vehicle market, we explore the reason behind of soaring stock price from the perspective of the interaction between return on stocks...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2022-12-01
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| Series: | Energy Reports |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2352484722022119 |
| _version_ | 1811159594454482944 |
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| author | Haoran Xu Yanjie Chen |
| author_facet | Haoran Xu Yanjie Chen |
| author_sort | Haoran Xu |
| collection | DOAJ |
| description | With Tesla stock soaring up into the sky with one start, people’s attention is once again focused on the new energy vehicle (NEV) industry. Based on China’s new energy vehicle market, we explore the reason behind of soaring stock price from the perspective of the interaction between return on stocks and the environmental changes. We use a fixed effect regression model to estimate the impact of air pollution on the stock performance of the new energy vehicle industry. We find that deteriorative air quality leads to a positive average stock return of NEV firms. |
| first_indexed | 2024-04-10T05:44:57Z |
| format | Article |
| id | doaj.art-0eb59138f73f4a6f866befc47dac664c |
| institution | Directory Open Access Journal |
| issn | 2352-4847 |
| language | English |
| last_indexed | 2024-04-10T05:44:57Z |
| publishDate | 2022-12-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Energy Reports |
| spelling | doaj.art-0eb59138f73f4a6f866befc47dac664c2023-03-06T04:14:34ZengElsevierEnergy Reports2352-48472022-12-018315320The impact of air pollution on the stock performance: Evidence from China new energy vehicle industryHaoran Xu0Yanjie Chen1Grant Thornton, 268 Xizang Zhong Road, Huangpu District Shanghai 200001, China; Corresponding author.School of Management, Wenzhou Business College, Chashan Higher Education Park, Wenzhou, Zhejiang, 325035, ChinaWith Tesla stock soaring up into the sky with one start, people’s attention is once again focused on the new energy vehicle (NEV) industry. Based on China’s new energy vehicle market, we explore the reason behind of soaring stock price from the perspective of the interaction between return on stocks and the environmental changes. We use a fixed effect regression model to estimate the impact of air pollution on the stock performance of the new energy vehicle industry. We find that deteriorative air quality leads to a positive average stock return of NEV firms.http://www.sciencedirect.com/science/article/pii/S2352484722022119New energy vehicle industryAir pollutionStock performance |
| spellingShingle | Haoran Xu Yanjie Chen The impact of air pollution on the stock performance: Evidence from China new energy vehicle industry Energy Reports New energy vehicle industry Air pollution Stock performance |
| title | The impact of air pollution on the stock performance: Evidence from China new energy vehicle industry |
| title_full | The impact of air pollution on the stock performance: Evidence from China new energy vehicle industry |
| title_fullStr | The impact of air pollution on the stock performance: Evidence from China new energy vehicle industry |
| title_full_unstemmed | The impact of air pollution on the stock performance: Evidence from China new energy vehicle industry |
| title_short | The impact of air pollution on the stock performance: Evidence from China new energy vehicle industry |
| title_sort | impact of air pollution on the stock performance evidence from china new energy vehicle industry |
| topic | New energy vehicle industry Air pollution Stock performance |
| url | http://www.sciencedirect.com/science/article/pii/S2352484722022119 |
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