THE DEPENDENCE OF CLEAN ENERGY STOCK PRICES ON THE OIL AND CARBON PRICES: A NONLINEAR PERSPECTIVE

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dc.contributor.authorYilanci, Veli
dc.contributor.authorOzgur, Onder
dc.contributor.authorAltinsoy, Abdulkadir
dc.date.accessioned2025-01-27T21:03:57Z
dc.date.available2025-01-27T21:03:57Z
dc.date.issued2022
dc.departmentÇanakkale Onsekiz Mart Üniversitesi
dc.description.abstractClimate change, rising environmental concerns increased scholar's awareness of the complex ties between clean energy stock prices and various environmental indicators. A clearer understanding of the potential ties between indicators and clean energy stock prices is critical for determining the financial performance of clean energy companies. This study adds to the literature by testing the existence of the long-run relationship between clean energy stock prices, and oil prices, carbon prices, technology stock prices, and interest rates by considering nonlinearity in the context of a structural change. The results show the existence of the cointegration relationship. The results of long-run estimation show that before the structural break date, technology stock prices, oil prices, and interest rates positively affect clean energy stock prices, and after this date, the effects of carbon prices and interest rates are reversed. Our results present some implications for both investors and policymakers.
dc.identifier.doi10.24818/18423264/56.2.22.08
dc.identifier.endpage132
dc.identifier.issn0424-267X
dc.identifier.issn1842-3264
dc.identifier.issue2
dc.identifier.scopus2-s2.0-85135456665
dc.identifier.scopusqualityQ3
dc.identifier.startpage115
dc.identifier.urihttps://doi.org/10.24818/18423264/56.2.22.08
dc.identifier.urihttps://hdl.handle.net/20.500.12428/27508
dc.identifier.volume56
dc.identifier.wosWOS:000819597400008
dc.identifier.wosqualityQ4
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherEditura Ase
dc.relation.ispartofEconomic Computation and Economic Cybernetics Studies and Research
dc.relation.publicationcategoryinfo:eu-repo/semantics/openAccess
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WoS_20250125
dc.subjectClean Energy Stock Prices
dc.subjectNonlinearity
dc.subjectStructural Change
dc.subjectCarbon Prices
dc.subjectOil Prices
dc.titleTHE DEPENDENCE OF CLEAN ENERGY STOCK PRICES ON THE OIL AND CARBON PRICES: A NONLINEAR PERSPECTIVE
dc.typeArticle

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