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The informational contents of announcements on verified emissions in the EU ETS - An empirical investigation using a multi-country event study approach

Date

Date

Date
2011
Conference or Workshop Item
Published version

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Schmidt, P. S., & Werner, T. (2011). The informational contents of announcements on verified emissions in the EU ETS - An empirical investigation using a multi-country event study approach. 1–24.

Abstract

Abstract

Abstract

Empirical studies on the relation of the European Union Emissions Trading Scheme (EU ETS) and its impact on stock prices of affected companies concentrate so far mostly on the mechanism between emissions allowance (EUA) price and stock returns. This study in contrast examines the relation of stock returns and the announcement on verified emissions (VE). We use event study methodology and find on the 15th of May 2006, the first time when allocation could be justified, a negative cumulated and significant impact of the announcement of V

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Creators (Authors)

  • Schmidt, Peter S
  • Werner, Therese

Event Title

Event Title

Event Title
SSES Annual Meeting 2011

Event Location

Event Location

Event Location
Luzern

Event Start Date

Event Start Date

Event Start Date
2011-06-09

Event End Date

Event End Date

Event End Date
2011-06-09

Page range/Item number

Page range/Item number

Page range/Item number
1

Page end

Page end

Page end
24

Item Type

Item Type

Item Type
Conference or Workshop Item

Dewey Decimal Classifikation

Dewey Decimal Classifikation

Dewey Decimal Classifikation

Language

Language

Language
English

Date available

Date available

Date available
2012-02-16

Additional Information

Additional Information

Additional Information
Also presented at Statistische Woche, Leibzig 22.09.2011 Maco and Financial Econometrics Conference, Heidelberg 30.09.2011

OA Status

OA Status

OA Status
Green

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Citation copied

Schmidt, P. S., & Werner, T. (2011). The informational contents of announcements on verified emissions in the EU ETS - An empirical investigation using a multi-country event study approach. 1–24.

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