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The Russia–Ukraine outbreak and the value of renewable energy

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  • Liao, Shushu

Abstract

The paper studies the role of renewable energy in the stock market reaction to the Russia–Ukraine crisis. The examination of equity prices reveals that European firms with a larger share of ex-ante purchased or produced renewables experience less stock return decline in the Russia–Ukraine outbreak period.

Suggested Citation

  • Liao, Shushu, 2023. "The Russia–Ukraine outbreak and the value of renewable energy," Economics Letters, Elsevier, vol. 225(C).
    • Handle: RePEc:eee:ecolet:v:225:y:2023:i:c:s0165176523000708
    DOI: 10.1016/j.econlet.2023.111045
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    References listed on IDEAS

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    1. Elena Carletti & Tommaso Oliviero & Marco Pagano & Loriana Pelizzon & Marti G Subrahmanyam, 2020. "The COVID-19 Shock and Equity Shortfall: Firm-Level Evidence from Italy," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 9(3), pages 534-568.
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    Cited by:

    1. Neifar, Malika & Hdider, Anis, 2024. "Role of Crude Oil, Natural Gas and Wheat Prices and the Impact of the ‎Russian-Ukrainian War on the Investor Social Network Sentiment; Evidence ‎from the US Stock Market," MPRA Paper 120920, University Library of Munich, Germany.
    2. Bożena Gajdzik & Radosław Wolniak & Rafał Nagaj & Brigita Žuromskaitė-Nagaj & Wieslaw Wes Grebski, 2024. "The Influence of the Global Energy Crisis on Energy Efficiency: A Comprehensive Analysis," Energies, MDPI, vol. 17(4), pages 1-51, February.

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    More about this item

    Keywords

    Russia–Ukraine; Renewable energy; Geopolitical; Clean energy; Stock market performance; Capital market; Equity prices; Financial slack;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • P18 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Energy; Environment

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