This study exploits the installation-level inclusion criteria of the European Union Emissions Trading System (EU ETS) to investigate the policy's causal effect on outbound foreign direct investment (FDI) decisions of German multinational firms. Difference-in-differences with bias-corrected...

This paper investigates capital market reactions to announcements of corporate strategic transactions in the cleantech industry. Using the event study method in a multi-country setting, we exploit a dataset of 328 hand-collected announcements of mergers and acquisitions, joint ventures and asset...