A Review of Carbon Studies A Review of Carbon Studies

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Abstract

Climate warming has received much attention in recent years, and the literature in this area has grown rapidly. Economists normally investigate the causes and solutions of carbon emission, while researchers in finance discipline pay more attention to the effect of environmental policies on firms' performance and the market performance of carbon emission related securities. This paper provides a comprehensive review from both theoretical and empirical perspectives. Overall, the understanding of the key driving forces of carbon emission reduction, corporate performance and trading strategies of carbon emission related securities remains largely inconclusive, and the inconsistency in empirical findings are primarily due to methodological problems, such as model design, choice of variables and data availability. On the basis of existing literature, we make recommendations for future research direction.

Journal

  • 経済科学

    経済科学 63(3), 1-17, 2016-02

    名古屋大学大学院経済学研究科

Codes

  • NII Article ID (NAID)
    120005749600
  • NII NACSIS-CAT ID (NCID)
    AN00069864
  • Text Lang
    ENG
  • Article Type
    departmental bulletin paper
  • Journal Type
    大学紀要
  • ISSN
    0022-9725
  • NDL Article ID
    027216499
  • NDL Call No.
    Z3-203
  • Data Source
    NDL  IR 
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