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dc.contributor.authorVlady, Svetlanaen_US
dc.contributor.authorRoca, Eduardoen_US
dc.contributor.authorTularam, Gurudeoen_US
dc.date.accessioned2017-05-03T11:42:08Z
dc.date.available2017-05-03T11:42:08Z
dc.date.issued2008en_US
dc.date.modified2013-05-29T00:20:24Z
dc.identifier.issn11062606en_US
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.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_US
dc.format.extent251232 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglishen_US
dc.language.isoen_US
dc.publisherUniversity of Aegeanen_US
dc.publisher.placeGreeceen_US
dc.relation.ispartofstudentpublicationNen_US
dc.relation.ispartofpagefrom195en_US
dc.relation.ispartofpageto220en_US
dc.relation.ispartofissue1en_US
dc.relation.ispartofjournalStudies in Regional and Urban Planningen_US
dc.relation.ispartofvolume11en_US
dc.rights.retentionYen_US
dc.subject.fieldofresearchBanking, Finance and Investment not elsewhere classifieden_US
dc.subject.fieldofresearchcode150299en_US
dc.titleThe Market Value of Australian Oil and Gas Industry and Climate Change: The VAR, ARCH, GARCH Approachesen_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.facultyGriffith Business School, Department of Accounting, Finance and Economicsen_US
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.en_US
gro.date.issued2008
gro.hasfulltextFull Text
gro.griffith.authorVlady, Svetlana
gro.griffith.authorRoca, Eduardo D.
gro.griffith.authorTularam, Gurudeo A.


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