Adediran, Idris A.; Swaray, Raymond; Orekoya, Aminat O.; … - In: Fulbright review of economics and policy 3 (2023) 1, pp. 49-73
) approach to evaluating the hedging effectiveness of clean energy stocks. The out-of-sample forecast evaluations of the oil risk …-based and climate risk-based clean energy predictive models are explored using Clark and West's model (2007) and a modified … evidence that clean energy stocks may hedge against oil market risks. This result is robust to alternative measures of oil risk …