How do Spanish polluting sectors' stock market returns react to European Union allowances prices? A panel data approach

Title
How do Spanish polluting sectors' stock market returns react to European Union allowances prices? A panel data approach
Authors
Keywords
European Union emission trading system, Stock market return, Multifactor market model, Panel data econometric models, EUA (European Union allowance) price
Journal
ENERGY
Volume 103, Issue -, Pages 240-250
Publisher
Elsevier BV
Online
2016-03-23
DOI
10.1016/j.energy.2016.02.094

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