The Russia–Ukraine outbreak and the value of renewable energy

Shushu Liao

Economics Letters, 2023, vol. 225, issue C

Abstract: The paper studies the role of renewable energy in the stock market reaction to the Russia–Ukraine crisis. The examination of equity prices reveals that European firms with a larger share of ex-ante purchased or produced renewables experience less stock return decline in the Russia–Ukraine outbreak period.

Keywords: Russia–Ukraine; Renewable energy; Geopolitical; Clean energy; Stock market performance; Capital market; Equity prices; Financial slack (search for similar items in EconPapers)
JEL-codes: G10 G12 G30 P18 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:225:y:2023:i:c:s0165176523000708

DOI: 10.1016/j.econlet.2023.111045

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