國立虎尾科技大學 |

Environmental Sentiment and Stock Performance in the U.S. Energy Sector.

紀錄類型:	書目-語言資料,手稿 : Monograph/item
正題名/作者:	Environmental Sentiment and Stock Performance in the U.S. Energy Sector./
作者:	Wang, Xue.
面頁冊數:	1 online resource (53 pages)
附註:	Source: Masters Abstracts International, Volume: 57-02.
Contained By:	Masters Abstracts International57-02(E).
標題:	Economics. -
電子資源:	click for full text (PQDT)
ISBN:	9780355344233

Environmental Sentiment and Stock Performance in the U.S. Energy Sector.
Wang, Xue.

Environmental Sentiment and Stock Performance in the U.S. Energy Sector. - 1 online resource (53 pages)

Source: Masters Abstracts International, Volume: 57-02.

Thesis (M.S.)

Includes bibliographical references

This thesis studies how energy sector stocks perform under environment- related risks. I constructed the environmental sentiment factor and 7 subgroup environment-related risk factors using Dynamic Factor Model and took the abnormal returns as financial performance measure. The regression results show that during January 2004 to October 2016, all energy company stocks had negative abnormal returns; renewable energy firms had even lower abnormal returns than non-renewables; the abnormal returns of nonrenewable energy firms could be decreased by the increase of environmental concerns and they are more sensitive about public's environmental sentiment and weather conditions than that of renewable energy firms.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018

Mode of access: World Wide Web

ISBN: 9780355344233Subjects--Topical Terms:

555568
Economics.
Index Terms--Genre/Form:

554714
Electronic books.

Environmental Sentiment and Stock Performance in the U.S. Energy Sector.
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100 1 $a Wang, Xue. $3 1024991
245 1 0 $a Environmental Sentiment and Stock Performance in the U.S. Energy Sector.
264 0 $c 2017
300 $a 1 online resource (53 pages)
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
500 $a Source: Masters Abstracts International, Volume: 57-02.
500 $a Adviser: Marcelo Bianconi.
502 $a Thesis (M.S.) $c Tufts University $d 2017.
504 $a Includes bibliographical references
520 $a This thesis studies how energy sector stocks perform under environment- related risks. I constructed the environmental sentiment factor and 7 subgroup environment-related risk factors using Dynamic Factor Model and took the abnormal returns as financial performance measure. The regression results show that during January 2004 to October 2016, all energy company stocks had negative abnormal returns; renewable energy firms had even lower abnormal returns than non-renewables; the abnormal returns of nonrenewable energy firms could be decreased by the increase of environmental concerns and they are more sensitive about public's environmental sentiment and weather conditions than that of renewable energy firms.
520 $a In conclusion, based on the findings of this thesis, in a world with worse weather conditions and higher public's environmental concerns, investors would sell nonrenewable energy stocks due to the decreasing abnormal returns, causing the cost of equity for nonrenewable energy firms to increase. So fewer nonrenewable energy firms would afford the cost of raising fund in stock market.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2018
538 $a Mode of access: World Wide Web
650 4 $a Economics. $3 555568
650 4 $a Finance. $3 559073
650 4 $a Environmental economics. $3 555780
650 4 $a Energy. $3 784773
655 7 $a Electronic books. $2 local $3 554714
690 $a 0501
690 $a 0508
690 $a 0438
690 $a 0791
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a Tufts University. $b Economics. $3 1181051
773 0 $t Masters Abstracts International $g 57-02(E).
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10605916 $z click for full text (PQDT)