The heterogeneous response of the stock market to emission allowance price: evidence from quantile regression
This paper investigates the effects of the European Union Emission Allowance (EUA)’s price on European carbon-intensive industries’ stock returns based on daily data from April 25, 2005 to July 24, 2017. Utilizing a multifactor market model specification and a panel quantile regression approach, the...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Taylor & Francis Group
2018-05-01
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| Series: | Carbon Management |
| Subjects: | |
| Online Access: | http://dx.doi.org/10.1080/17583004.2018.1475802 |