Can capital markets respond to environmental policy of firms? Evidence from Greece
Authors: Sepetis, Anastasios 
Halkos, George 
Issue Date: 1-Aug-2007
Journal: Ecological Economics 
Volume: 63
Issue: 2-3
Keywords: Capital market, Environmental management, Systematic risk, TGARCH
Abstract: 
In this study we attempt to evaluate the stock value of Greek firms, which apply systems of environmental management in the light of systemic risk. Risk is examined empirically with the help of conditional volatility models of investment in environmental friendly firms. The empirical analysis relies on financial econometric models, which determine the underlying conditional volatility. We find tha...
ISSN: 0921-8009
DOI: 10.1016/j.ecolecon.2006.12.015
URI: https://uniwacris.uniwa.gr/handle/3000/2019
Type: Article
Department: Department of Business Administration 
School: School of Administrative, Economics and Social Sciences 
Affiliation: University of West Attica (UNIWA) 
Appears in Collections:Articles / Άρθρα

CORE Recommender
Show full item record

SCOPUSTM   
Citations

41
checked on Mar 27, 2025

Page view(s)

32
checked on Apr 3, 2025

Google ScholarTM

Check


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.