Lopatta, Kerstin; Kaspereit, Thomas - In: Energy Economics 41 (2014) C, pp. 125-136
This study analyzes how the stock market returns, the factor loadings from the Carhart (1997) 4-factor model, and the idiosyncratic volatility of shares in energy firms have been affected by the Fukushima nuclear accident. Unlike existing studies, which provide evidence of a wealth transfer from...