dc.contributor.author | Lea, John Bjerkvig | |
dc.contributor.author | Forero, Valentina Barbos | |
dc.date.accessioned | 2022-12-14T09:49:55Z | |
dc.date.available | 2022-12-14T09:49:55Z | |
dc.date.issued | 2022 | |
dc.identifier.uri | https://hdl.handle.net/11250/3037633 | |
dc.description | Masteroppgave(MSc) in Master of Science in Finance - Handelshøyskolen BI, 2022 | en_US |
dc.description.abstract | We investigate the relationship between stock returns and firm’s carbon emissions
for the cross-section of UK companies, and test whether a carbon risk premium
exists. We obtain emission data, monthly stock return data, and various control
variables from UK companies from 2011 to 2021. Our results suggest that stocks
with high levels of unscaled emissions earn on average lower returns when
controlling for various return predictors. When using emissions growth or carbon
intensity, our results suggest that emissions do not impact stock returns. Our paper
aims to increase understanding of the relationship between a company’s carbon
emissions and stock returns and contribute to the growing field of climate finance | en_US |
dc.language.iso | eng | en_US |
dc.publisher | Handelshøyskolen BI | en_US |
dc.subject | finans finance finacial economics | en_US |
dc.title | How does carbon emissions impact stock prices: Evidence from the UK stock market | en_US |
dc.type | Master thesis | en_US |