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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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Taylor & Francis Group
2025-12-01
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| Series: | Cogent Economics & Finance |
| Subjects: | |
| Online Access: | https://www.tandfonline.com/doi/10.1080/23322039.2024.2441374 |
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