Determinants of renewable stock returns: The role of global supply chain pressure

Guoheng Hu, Giray Gözgör, Zhou Lu, Mantu Kumar Mahalik and Shreya Pal

Renewable and Sustainable Energy Reviews, 2024, vol. 191, issue C

Abstract: This study investigates the determinants of the global renewable stocks index returns from November 2003 to August 2022. The explanatory variables include global supply chain pressure measures, climate policy uncertainty, global economic activity, and crude oil prices. The long-run panel dynamic Autoregressive Distributed Lag estimations show that the global supply chain pressure, climate policy uncertainty, and global economic activity redound renewable stock returns. These results are robust enough to utilise different long-run estimation techniques. Potential policy implications are also discussed.

Keywords: renewable energy stocks; Global supply chain pressure; Global economic activity; Climate policy uncertainty; crude oil prices (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (4)

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DOI: 10.1016/j.rser.2023.114182

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