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dc.contributor.authorVlady, Svetlana
dc.contributor.authorRoca, Eduardo
dc.contributor.authorTularam, Gurudeo
dc.date.accessioned2017-05-03T11:42:08Z
dc.date.available2017-05-03T11:42:08Z
dc.date.issued2008
dc.date.modified2013-05-29T00:20:24Z
dc.identifier.issn11062606
dc.identifier.urihttp://hdl.handle.net/10072/32485
dc.description.abstractThis 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.peerreviewedYes
dc.description.publicationstatusYes
dc.format.extent251232 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglish
dc.language.isoen_US
dc.publisherUniversity of Aegean
dc.publisher.placeGreece
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom195
dc.relation.ispartofpageto220
dc.relation.ispartofissue1
dc.relation.ispartofjournalStudies in Regional and Urban Planning
dc.relation.ispartofvolume11
dc.rights.retentionY
dc.subject.fieldofresearchBanking, Finance and Investment not elsewhere classified
dc.subject.fieldofresearchUrban and Regional Planning
dc.subject.fieldofresearchcode150299
dc.subject.fieldofresearchcode1205
dc.titleThe Market Value of Australian Oil and Gas Industry and Climate Change: The VAR, ARCH, GARCH Approaches
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith 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.issued2008
gro.hasfulltextFull Text
gro.griffith.authorRoca, Eduardo D.
gro.griffith.authorVlady, Svetlana
gro.griffith.authorTularam, Gurudeo A.


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