Carbon allowance and stock return: evidence from EU companies

Carbon allowance and stock return: evidence from EU companies

We investigate the relationship between carbon allowance and stock return. We argue in favor of the expense hypothesis: the relationship between stock returns and carbon allowance is negative due to the greater net impact (operational cost exceeds reputation benefit) of rising carbon price. To verif...

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Bibliographic Details
Main Authors: Richard Arlie, Christlyn Devina Susanto, Eurwyn Manggala, Moch. Doddy Ariefianto
Format: Article
Language:English
Published: Taylor & Francis Group 2025-12-01
Series:Cogent Economics & Finance
Subjects:
Carbon allowance
stock return
European Union companies
expense hypothesis
Augmented Mean Group
Environmental Economics
Online Access:https://www.tandfonline.com/doi/10.1080/23322039.2024.2441374

Internet

https://www.tandfonline.com/doi/10.1080/23322039.2024.2441374

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