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The Relationship Between the Paris Agreement and the Profits of Petroleum Companies in the United States.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	The Relationship Between the Paris Agreement and the Profits of Petroleum Companies in the United States./
Author:	Wang, Jianyang.
Description:	1 online resource (48 pages)
Notes:	Source: Masters Abstracts International, Volume: 85-11.
Contained By:	Masters Abstracts International85-11.
Subject:	Public policy. -
Online resource:	click for full text (PQDT)
ISBN:	9798382342436

The Relationship Between the Paris Agreement and the Profits of Petroleum Companies in the United States.
Wang, Jianyang.

The Relationship Between the Paris Agreement and the Profits of Petroleum Companies in the United States. - 1 online resource (48 pages)

Source: Masters Abstracts International, Volume: 85-11.

Thesis (M.P.P.)--Georgetown University, 2024.

Includes bibliographical references

This research explored the peculiarities of the relationship between the Paris Agreement and the financial performance of U.S. oil companies, focusing on the effects of U.S. exit and re-enter into the agreement. The analysis based on a strong fixed-effects regression model of high-frequency data from 2015 to 2021 has revealed the financial dynamics in the stability of major changes on the agenda of government policies on climate change and carbon emissions. Instead of the expected post-policy bump based on the assumption that savings on compliance with the mandatory rules would bring short-term economic relief, the findings illustrate a significant drop in revenues after the U.S. retreat in 2020. This result suggests that the market could punish companies not aligned with global sustainability trends, which also raises concerns over long-term investor reluctance, market-driven consumer preferences, and outlook over the policy climate in the future. The research on the pressured environment-to-earnings equilibrium contributes to the hugely debated strategic impact of international climate accord compliance on firm profit and sustainability. The outcomes provide takeaways for regulators, investors, and industry players, highlighting that U.S. oil companies need to change their behaviors and mature under new international environmental trends and competitive market conditions.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2024

Mode of access: World Wide Web

ISBN: 9798382342436Subjects--Topical Terms:

1002398
Public policy.
Subjects--Index Terms:

Petroleum companiesIndex Terms--Genre/Form:

554714
Electronic books.

The Relationship Between the Paris Agreement and the Profits of Petroleum Companies in the United States.
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500 $a Advisor: Karaca, Zeynal.
502 $a Thesis (M.P.P.)--Georgetown University, 2024.
504 $a Includes bibliographical references
520 $a This research explored the peculiarities of the relationship between the Paris Agreement and the financial performance of U.S. oil companies, focusing on the effects of U.S. exit and re-enter into the agreement. The analysis based on a strong fixed-effects regression model of high-frequency data from 2015 to 2021 has revealed the financial dynamics in the stability of major changes on the agenda of government policies on climate change and carbon emissions. Instead of the expected post-policy bump based on the assumption that savings on compliance with the mandatory rules would bring short-term economic relief, the findings illustrate a significant drop in revenues after the U.S. retreat in 2020. This result suggests that the market could punish companies not aligned with global sustainability trends, which also raises concerns over long-term investor reluctance, market-driven consumer preferences, and outlook over the policy climate in the future. The research on the pressured environment-to-earnings equilibrium contributes to the hugely debated strategic impact of international climate accord compliance on firm profit and sustainability. The outcomes provide takeaways for regulators, investors, and industry players, highlighting that U.S. oil companies need to change their behaviors and mature under new international environmental trends and competitive market conditions.
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653 $a Petroleum companies
653 $a Paris Agreement
653 $a Global sustainability trends
653 $a Competitive market conditions
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