Jong, Thijs; Couwenberg, Oscar; Woerdman, Edwin - Robert Schuman Centre for Advanced Studies (RSCAS), … - 2013
The aim of this paper is to examine whether shareholders consider the EU Emissions Trading Scheme (EU ETS) as value-relevant for the participating firms. An analysis is conducted of the share prices changes as caused by the first publication of compliance data in April, 2006, which disclosed an...