Currently natural disasters are becoming an increasingly global concern across all life aspects affecting the world population. In this research I test whether a natural disaster event causes investors to shift their global market allocations towards greener options and, consequently, if this causes an impact on firms’ stock returns thereafter. I decided to focus on major European indexes belonging companies and studied a weather event within Europe between 2015 and 2016. Evidence implies that there is no significant relation between the unfold of an extreme weather phenomenon and an increase of greener corporations’ stock returns.
Date of Award | 29 Jun 2022 |
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Original language | English |
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Awarding Institution | - Universidade Católica Portuguesa
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Supervisor | Geraldo Cerqueiro (Supervisor) |
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- Sustainability
- Natural disasters
- Europe
- Emissions ratio
- Stock returns
- Multiple linear regression models
Do natural disasters impact firms’ returns?: an event study on major European companies
Lima, M. P. O. R. S. (Student). 29 Jun 2022
Student thesis: Master's Thesis