University of Twente Student Theses
The influence of interest rates, oil and carbon prices on stock returns of clean technology companies – the European case
Boom, Wout van den (2021) The influence of interest rates, oil and carbon prices on stock returns of clean technology companies – the European case.
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| Abstract: | The influence of macroeconomic factors on clean technology stock returns has been studied before. Previous research primarily focused on the clean technology sector in the United States, implementing macroeconomic variables applicable to companies situated in the United States. Limited research has been conducted on the European situation. This thesis partially fills this research gap, by focusing on the European case. It provides insight and understanding on the relation between the three European macroeconomic variables (returns of carbon prices, interest rates and returns of crude oil prices) and European clean technology stock returns. This thesis focused on the period 2008 – 2018. It finds evidence for positive relations between lagged and non-lagged European interest rates, twelve month lagged return of European crude oil prices and the return of European clean technology stock prices in the full period 2008 – 2018 and in sub period 1 2008 – 2012. The return of European carbon emission prices are empirically not significantly related to the return of European clean technology stock prices. |
| Item Type: | Essay (Master) |
| Faculty: | BMS: Behavioural, Management and Social Sciences |
| Programme: | Business Administration MSc (60644) |
| Link to this item: | https://purl.utwente.nl/essays/85994 |
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