Abstract:
Climate change, rising environmental concerns increased scholar's awareness of the complex ties between clean energy stock prices and various environmental indicators. A clearer understanding of the potential ties between indicators and clean energy stock prices is critical for determining the financial performance of clean energy companies. This study adds to the literature by testing the existence of the long-run relationship between clean energy stock prices, and oil prices, carbon prices, technology stock prices, and interest rates by considering nonlinearity in the context of a structural change. The results show the existence of the cointegration relationship. The results of long-run estimation show that before the structural break date, technology stock prices, oil prices, and interest rates positively affect clean energy stock prices, and after this date, the effects of carbon prices and interest rates are reversed. Our results present some implications for both investors and policymakers.
Description:
Bu yayın 06.11.1981 tarihli ve 17506 sayılı Resmî Gazete’de yayımlanan 2547 sayılı Yükseköğretim Kanunu’nun 4/c, 12/c, 42/c ve 42/d maddelerine dayalı 12/12/2019 tarih, 543 sayılı ve 05 numaralı Üniversite Senato Kararı ile hazırlanan Sakarya Üniversitesi Açık Bilim ve Açık Akademik Arşiv Yönergesi gereğince telif haklarına uygun olan nüsha açık akademik arşiv sistemine açık erişim olarak yüklenmiştir.
