Investor sentiment
Studying the Impact of Greenhouse Gas Emissions on Company Energy Valuation in Europe
Créé le
26.11.2019L’étude du sentiment des investisseurs concernant les émissions de Gaz à effet de serre (GES) de compagnies énergétiques, à travers l’analyse de deux panels d’entreprises européennes, des entreprises d’énergies renouvelables et des entreprises d’énergies fossiles, entre 2013 et 2017, permet d'évaluer si une plus faible intensité d’émission de GES est valorisée par les investisseurs.
This article studies the relationship between energy companies’ green house gas (GHG) emissions and their relative valuation on the stock market in Europe. Indeed, when it comes to compare renewable energies (RE) companies to fossil fuel energy (FFE) companies, it appears that investors have mixed feelings. On one hand, institutional investors show growing concern over the green impact of their investments. There is a clear will to at least divest from fossil fuels, if not to promote sustainable companies and renewable energy. On the other hand, the risk-return profile of renewable energy ...
