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Study Shows How Investments Reflected Shift in Environmental Views
https://www.utdallas.edu/news/2015/9/3-31620_Study-Shows-How-Investments-Reflected-Shift-in-Env_story-wide.html?WT.mc_id=NewsHomePageCenterColumn[font face=Serif][font size=5]Study Shows How Investments Reflected Shift in Environmental Views[/font]
Sept. 3, 2015
[font size=3]A new study from The University of Texas at Dallas examines the differences in climate change perceptions in the United States and Europe by looking at investor behavior.
Dr. Anastasia Shcherbakova, clinical assistant professor of finance and managerial economics in the Naveen Jindal School of Management, said the researchers used the 2011 Fukushima crisis in Japan as a natural experiment to evaluate responses of U.S. and European investors to a shifting view of nuclear power.
…
Results show that investment behavior reflects investors’ environmental perceptions. The researchers observed a significant increase in returns to coal in the U.S., implying that investors put more money into coal stocks, Shcherbakova said. This suggests that they perceived cost efficiency and reliability of energy supply to be more pertinent issues than climate change.
In Europe, investors put significantly more money into renewable energy stocks, suggesting that they reflect the region’s environmentally conscious attitudes and willingness to pay for environmental outcomes, relative to investors in U.S. markets, Shcherbakova said.
…[/font][/font]
Sept. 3, 2015
[font size=3]A new study from The University of Texas at Dallas examines the differences in climate change perceptions in the United States and Europe by looking at investor behavior.
Dr. Anastasia Shcherbakova, clinical assistant professor of finance and managerial economics in the Naveen Jindal School of Management, said the researchers used the 2011 Fukushima crisis in Japan as a natural experiment to evaluate responses of U.S. and European investors to a shifting view of nuclear power.
…
Results show that investment behavior reflects investors’ environmental perceptions. The researchers observed a significant increase in returns to coal in the U.S., implying that investors put more money into coal stocks, Shcherbakova said. This suggests that they perceived cost efficiency and reliability of energy supply to be more pertinent issues than climate change.
In Europe, investors put significantly more money into renewable energy stocks, suggesting that they reflect the region’s environmentally conscious attitudes and willingness to pay for environmental outcomes, relative to investors in U.S. markets, Shcherbakova said.
…[/font][/font]