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https://hdl.handle.net/20.500.14279/18055
Πεδίο DC | Τιμή | Γλώσσα |
---|---|---|
dc.contributor.author | Krokida, Styliani Iris A. | - |
dc.contributor.author | Lambertides, Neophytos | - |
dc.contributor.author | Savva, Christos S. | - |
dc.contributor.author | Tsouknidis, Dimitris | - |
dc.date.accessioned | 2020-03-12T08:52:09Z | - |
dc.date.available | 2020-03-12T08:52:09Z | - |
dc.date.issued | 2020-01-02 | - |
dc.identifier.citation | The European Journal of Finance, 2020, vol. 26, no. 1, pp. 1-13 | en_US |
dc.identifier.issn | 14664364 | - |
dc.description.abstract | This paper examines whether oil price shocks of different origin affect the price of carbon emission allowance traded under the European Union's Emissions Trading System; leading to changes in aggregate and sector-specific European equity returns. The results show that an unexpected oil-supply disruption has an imminent but weak positive effect on carbon emission price, while a positive aggregate demand shock has a strong positive effect on carbon emission price. By contrast, a positive oil-specific (precautionary) demand shock has a negative but weak effect on carbon emission price. These findings are economically important as positive shocks on the CO2 emission allowance price trigger a decrease on the aggregate stock return of the European equity market, albeit they trigger a large and persistent increase on European equity returns of oil-related industries with the exception of the Energy sector. | en_US |
dc.format | en_US | |
dc.language.iso | en | en_US |
dc.relation.ispartof | The European Journal of Finance | en_US |
dc.rights | © Taylor & Francis | en_US |
dc.subject | Emissions trading system | en_US |
dc.subject | European stock returns | en_US |
dc.subject | Oil price shocks | en_US |
dc.subject | Structural VAR | en_US |
dc.title | The effects of oil price shocks on the prices of EU emission trading system and European stock returns | en_US |
dc.type | Article | en_US |
dc.collaboration | Athens University of Economics and Business | en_US |
dc.collaboration | Cyprus University of Technology | en_US |
dc.subject.category | Economics and Business | en_US |
dc.journals | Subscription | en_US |
dc.country | Cyprus | en_US |
dc.country | Greece | en_US |
dc.subject.field | Social Sciences | en_US |
dc.publication | Peer Reviewed | en_US |
dc.identifier.doi | 10.1080/1351847X.2019.1637358 | en_US |
dc.relation.issue | 1 | en_US |
dc.relation.volume | 26 | en_US |
cut.common.academicyear | 2019-2020 | en_US |
dc.identifier.spage | 1 | en_US |
dc.identifier.epage | 13 | en_US |
item.fulltext | No Fulltext | - |
item.languageiso639-1 | en | - |
item.grantfulltext | none | - |
item.openairecristype | http://purl.org/coar/resource_type/c_6501 | - |
item.cerifentitytype | Publications | - |
item.openairetype | article | - |
crisitem.journal.journalissn | 1466-4364 | - |
crisitem.journal.publisher | Taylor & Francis | - |
crisitem.author.dept | Department of Finance, Accounting and Management Science | - |
crisitem.author.dept | Department of Finance, Accounting and Management Science | - |
crisitem.author.dept | Department of Finance, Accounting and Management Science | - |
crisitem.author.faculty | Faculty of Tourism Management, Hospitality and Entrepreneurship | - |
crisitem.author.faculty | Faculty of Tourism Management, Hospitality and Entrepreneurship | - |
crisitem.author.faculty | Faculty of Management and Economics | - |
crisitem.author.orcid | 0000-0003-2864-1793 | - |
crisitem.author.orcid | 0000-0001-6562-4816 | - |
crisitem.author.orcid | 0000-0003-1866-2590 | - |
crisitem.author.parentorg | Faculty of Management and Economics | - |
crisitem.author.parentorg | Faculty of Management and Economics | - |
crisitem.author.parentorg | Faculty of Management and Economics | - |
Εμφανίζεται στις συλλογές: | Άρθρα/Articles |
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