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Are carbon leader indexes related with carbon prices under different regimes

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dc.contributor.authorOKAY, GÜÇLÜ
dc.contributor.authorsKOY A., OKAY G.
dc.date.accessioned2022-12-02T12:57:42Z
dc.date.available2022-12-02T12:57:42Z
dc.date.issued2020-05-01
dc.description.abstractWith the rising importance of carbon markets, the new derived financial instruments and indicator indexes related to carbon markets have been raising researchers’ appetite. According to that aspect, to investigate the relationship between price formation in carbon markets and equity prices of these firms trading in carbon markets is one of the aims of this study. This study examines CO2 prices of European Union Emission Allowances and daily closing values of Morgan Stanley Capital International Low Carbon Leaders USD Dollar Price Indexes via Markov Regime Switching Models from a nonlinear perspective. Among the findings, there is a relationship between the index derived from the stock performances of North American firms trading in carbon markets and carbon prices. Furthermore, the strength of the relationship increases during periods of recession identified by the MRS models.
dc.identifier.citationKOY A., OKAY G., "Are Carbon Leader Indexes Related with Carbon Prices under Different Regimes?", INTERNATIONAL JOURNAL OF ENERGY ECONOMICS AND POLICY, cilt.10, sa.4, ss.115-121, 2020
dc.identifier.doi10.32479/ijeep.9193
dc.identifier.endpage121
dc.identifier.issn2146-4553
dc.identifier.issue4
dc.identifier.startpage115
dc.identifier.urihttps://www.scopus.com/record/display.uri?eid=2-s2.0-85085090356&origin=resultslist&sort=plf-f&src=s&st1=Are+carbon+leader+indexes+related+with+carbon+prices+under+different+regimes&sid=816e8edac58d61da637f4c096be0d8db&sot=b&sdt=b&sl=91&s=TITLE-ABS-KEY%28Are+carbon+leader+indexes+related+with+carbon+prices+under+different+regimes%29&relpos=0&citeCnt=0&searchTerm=
dc.identifier.urihttps://hdl.handle.net/11424/283488
dc.identifier.volume10
dc.language.isoeng
dc.relation.ispartofINTERNATIONAL JOURNAL OF ENERGY ECONOMICS AND POLICY
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectCarbon Markets
dc.subjectEnergy Prices
dc.subjectMarkov Regime Switching Model
dc.subjectKyoto Protocol
dc.titleAre carbon leader indexes related with carbon prices under different regimes
dc.typearticle
dspace.entity.typePublication
local.avesis.id2b35dafd-b2fc-4c2a-bbac-52bccfeca891
local.indexed.atSCOPUS
relation.isAuthorOfPublication50a1d666-a892-445b-a978-4736acb0c505
relation.isAuthorOfPublication.latestForDiscovery50a1d666-a892-445b-a978-4736acb0c505

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