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dc.contributor.authorVlady, Svetlana
dc.contributor.authorRoca, Eduardo
dc.contributor.authorTularam, Gurudeo
dc.contributor.editorValrie Chambers, Texas A & M University - Corpus Christi
dc.date.accessioned2017-05-03T14:23:41Z
dc.date.available2017-05-03T14:23:41Z
dc.date.issued2008
dc.date.modified2010-12-03T07:25:20Z
dc.identifier.urihttp://hdl.handle.net/10072/24361
dc.description.abstractGiven the importance of, and enormous interest in, climate change, this study empirically examines and analyses the relationship between climate change and shareholder value in the oil and gas industry in an Australian context. The oil and gas industry, whose main purpose is the production of hydrocarbons, is highly important and relevant to the Australian economy. Since oil and gas companies are responsible for a substantial proportion of environmental impacts, investors' perceptions about the financial relevance of climate change has become critically important to real-world climate change outcomes. The VAR, ARCH, GARCH and MS-VAR models have been applied to obtain the more robust and informative results. The study concludes that some of Australia's weather-related information is value relevant. Surprisingly, the temperature does not appear to be significant. However, a weather risk hedge could enable the weather-sensitive sector to achieve weather-dependent results stabilisation.
dc.description.publicationstatusYes
dc.languageEnglish
dc.language.isoeng
dc.publisherAmerican Accounting Association
dc.publisher.placeAnaheim California
dc.publisher.urihttp://aaahq.org/
dc.publisher.urihttp://aaahq.org/AM2008/abstract.cfm?submissionID=1599
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofconferencenameBuilding our Accounting Community
dc.relation.ispartofconferencetitleBuidling our accounting community: http://aaahq.org/AM2008/concurrent08.htm
dc.relation.ispartofdatefrom2008-08-03
dc.relation.ispartofdateto2008-08-06
dc.relation.ispartoflocationAnaheim California
dc.rights.retentionY
dc.subject.fieldofresearchEnvironmental Sciences not elsewhere classified
dc.subject.fieldofresearchcode059999
dc.titleThe value relevance of climate change: a preliminary study of oil and gas companies in Australia
dc.typeConference output
dc.type.descriptionE2 - Conferences (Non Refereed)
dc.type.codeE - Conference Publications
gro.date.issued2008
gro.hasfulltextNo Full Text
gro.griffith.authorRoca, Eduardo D.
gro.griffith.authorTularam, Gurudeo A.


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    Contains papers delivered by Griffith authors at national and international conferences.

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