dc.contributor.author | Vlady, Svetlana | |
dc.contributor.author | Roca, Eduardo | |
dc.contributor.author | Tularam, Gurudeo | |
dc.date.accessioned | 2017-05-03T11:42:08Z | |
dc.date.available | 2017-05-03T11:42:08Z | |
dc.date.issued | 2008 | |
dc.date.modified | 2013-05-29T00:20:24Z | |
dc.identifier.issn | 11062606 | |
dc.identifier.uri | http://hdl.handle.net/10072/32485 | |
dc.description.abstract | This study empirically examines and analyses the relationship between climate change and shareholder value in the oil and gas industry in an Australian context. This research is timely and significant, given that climate change will have a profound impact on the oil and gas industry in uncertain carbon-constrained and climate-affected economy. The oil and gas industry, whose main purpose is the production of hydrocarbons, is highly important and relevant to the Australian economy in its wealth generation and power supply. 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 and GARCH 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.peerreviewed | Yes | |
dc.description.publicationstatus | Yes | |
dc.format.extent | 251232 bytes | |
dc.format.mimetype | application/pdf | |
dc.language | English | |
dc.language.iso | en_US | |
dc.publisher | University of Aegean | |
dc.publisher.place | Greece | |
dc.relation.ispartofstudentpublication | N | |
dc.relation.ispartofpagefrom | 195 | |
dc.relation.ispartofpageto | 220 | |
dc.relation.ispartofissue | 1 | |
dc.relation.ispartofjournal | Studies in Regional and Urban Planning | |
dc.relation.ispartofvolume | 11 | |
dc.rights.retention | Y | |
dc.subject.fieldofresearch | Banking, Finance and Investment not elsewhere classified | |
dc.subject.fieldofresearch | Urban and Regional Planning | |
dc.subject.fieldofresearchcode | 150299 | |
dc.subject.fieldofresearchcode | 1205 | |
dc.title | The Market Value of Australian Oil and Gas Industry and Climate Change: The VAR, ARCH, GARCH Approaches | |
dc.type | Journal article | |
dc.type.description | C1 - Articles | |
dc.type.code | C - Journal Articles | |
gro.faculty | Griffith Business School, Department of Accounting, Finance and Economics | |
gro.rights.copyright | © The Author(s) 2008. The attached file is reproduced here in accordance with the copyright policy of the publisher. For information about this journal please refer to the journal’s website or contact the authors. | |
gro.date.issued | 2008 | |
gro.hasfulltext | Full Text | |
gro.griffith.author | Roca, Eduardo D. | |
gro.griffith.author | Vlady, Svetlana | |
gro.griffith.author | Tularam, Gurudeo A. | |