Do tradicional ao baixo carbonoÀ procura do clima para a diversificação do investimento
- Vítor Manuel de Sousa Gabriel 1
- Maria Fernanda Ludovina Inácio Matias 2
- María Belén Lozano García 3
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1
Instituto Politécnico da Guarda
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2
Universidade do Algarve
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3
Universidad de Salamanca
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- PaulaOdete Fernandes
Editorial: Instituto Politécnico de Bragança
ISBN: 978-972-745-273-6
Any de publicació: 2020
Pàgines: 69
Congrés: Jornadas Hispanolusas de Gestión Científica (30. 2020. Bragança)
Tipus: Aportació congrés
Resum
Considering the short- and long-term equilibrium between indices, the present work analyses the relationship of two segments of stock markets: low carbon investment and traditional investment. We used Bounds test and multivariate models of conditional heteroscedasticity for a time period of five years. Our result shows that in the long term, the pattern of behaviour of climate change indices differed from traditional indices, and no equilibrium relationships were identified. In the short term, the two groups of indices reported very similar behaviour, with the daily dynamics being determined fundamentally by cross-market factors