Graduation Year
Fall 2012
Document Type
Open Access Senior Thesis
Degree Name
Bachelor of Arts
Department
Economics
Reader 1
Lisa K. Meulbroek
Terms of Use & License Information
Rights Information
© 2012 Joseph Anderson
Abstract
This paper uses timer series panel data from Bloomberg to ascertain the affects that carbon prices and other factors have on European oil and steel companies. This paper finds inconclusive evidence of carbon price return correlation with oil and steel company equity return. However it does find a strong positive correlation between the market portfolio excess return, which is the return on the DJS 600 EUR index minus the German three-month T-bill rate, and oil and steel excess equity return.
Recommended Citation
Anderson, Joseph, "Carbon Affect on European Oil and Steel Companies: An Empirical Analysis on the Second Phase EU ETS" (2012). CMC Senior Theses. 460.
https://scholarship.claremont.edu/cmc_theses/460
