The hedging effect of green bonds on carbon market risk

J Jin, L Han, L Wu, H Zeng - International Review of Financial Analysis, 2020 - Elsevier
This paper explores effective hedging instruments for carbon market risk. Examining the
relationship between the carbon futures returns and the returns of four major market indices …

Carbon credit futures as an emerging asset: Hedging, diversification and downside risks

S Demiralay, HG Gencer, S Bayraci - Energy Economics, 2022 - Elsevier
Even though carbon futures as a new asset have attracted the attention of scholars, there
have been few attempts to investigate potential benefits of investing in carbon credits. In this …

The impact of carbon emissions on corporate financial performance: Evidence from the South African firms

F Ganda, KS Milondzo - Sustainability, 2018 - mdpi.com
The impact of carbon emissions on corporate financial performance within the African
corporate setting has remained open and inconclusive, owing primarily to the unavailability …

Markov switching GARCH models for Bayesian hedging on energy futures markets

M Billio, R Casarin, A Osuntuyi - Energy Economics, 2018 - Elsevier
Effective hedging strategies on oil spot and future markets are relevant in reducing price
volatility for investors, energy traders and companies operating in the oil markets. A new …

The Minimum-CVaR strategy with semi-parametric estimation in carbon market hedging problems

S Chai, P Zhou - Energy Economics, 2018 - Elsevier
Effective hedging strategies are important in reducing price volatility risk for business
investors and companies participating into carbon markets. In this paper, we investigate the …

Can energy commodity futures add to the value of carbon assets?

X Wen, E Bouri, D Roubaud - Economic Modelling, 2017 - Elsevier
This paper examines whether energy commodity futures are an attractive asset class for
helping investors manage carbon risk. We use futures prices for EU allowances (EUAs) and …

[HTML][HTML] The asymmetric volatility spillover across Shanghai, Hong Kong and the US stock markets: A regime weighted measure and its forecast inference

LW Sheng, GS Uddin, D Sen, ZS Hao - International Review of Financial …, 2024 - Elsevier
Based upon generalized spillover index method under Markov switching vector auto-
regression (MS-VAR) framework, this paper aims at a regime dependent measure of the …

Futures hedging in crude oil markets: A trade-off between risk and return

X Yu, Y Li, J Lu, X Shen - Resources Policy, 2023 - Elsevier
Risk and return are two fundamentals that have an impact on an investor's or hedger's
investing choices. Based on the proposed synchronous movement intensity index, this …

Financialisation of the European Union Emissions Trading System European Union Emissions Trading System and its influencing factors in quantiles

P Wei, J Zhou, X Ren, LDT Huynh - International Journal of …, 2024 - qmro.qmul.ac.uk
This study analyses the financialisation of the carbon market and its possible external
shocks, with a focus on the European Union Emissions Trading System (EU ETS), by …

[PDF][PDF] Environmental sustainability disclosure and firm performance of quoted oil and gas companies in sub-Saharan Africa countries

FE Onyebuenyi, GN Ofoegbu - Academy of Accounting and …, 2022 - researchgate.net
This study examined the effect of environmental sustainability disclosure on financial
performance of listed oil and gas companies in three countries within sub-Sahara Africa …