Entity: Universitat Rovira i Virgili (URV)
Confidenciality: No
Education area(s): Direcció d'Empreses
Title in different languages: The journey to destination zero: opportunities and challenges for financial markets
Abstract: Climate risk has become one of the risks that both companies and governments consider relevant today. Since 2018, the European Union has carried out different legislative initiatives to promote a transition towards sustainability in financial markets and the European economy. Given the importance of climate risk and the European Union in sustainability issues, the following work has analysed the effect of climate risk on the returns of European companies in the financial markets. For this purpose, 295 companies included in the Stoxx600 index have been studied between 2015 and 2019. The methodology used to carry out the study has been a panel data regression. It has been observed that during the period studied the most polluting companies and with the worst environmental ratings obtain lower returns. In addition, a proposal for a doctoral thesis project has been carried out to be developed in the period 2023-2026.
Subject: Gestió del risc financer
Academic year: 2022-2023
Language: spa
Work's public defense date: 2023-06-01
Subject areas: Economic and business sciences
Student: Neumann Calafell, Andreu Michael
Work's codirector: Fabregat Aibar, Laura
Department: Gestió d'Empreses
Creation date in repository: 2023-07-11
Keywords: climate risk in the European financial market, carbon intensity, ESG ratings
Title in original language: El viaje al destino cero: oportunidades y desafíos para los mercados financieros
Access Rights: info:eu-repo/semantics/openAccess
Project director: Barberà Mariné, Glòria
Repositori URV