Climate Events and Market Efficiency: An Event Study Analysis

Meerab Asim

MPRA Paper from University Library of Munich, Germany

Abstract: We examine market reactions to climate events using event study methodology on a final sample of 250 high-severity events (2000–2025) across US, EU, and Asian markets, which were filtered from a raw dataset of over 1.5 million events. Broad US indices (SPY, QQQ) show no significant event- day AR, while the US energy sector (XLE) exhibits a negative reaction (−6 bps, p

Keywords: Climate Events; Market Efficiency; Event Study; Financial Markets, Information Processing; Climate Finance; ESG Investing; Climate Risk Pricing; Event Study Methodology (search for similar items in EconPapers)
JEL-codes: C12 G10 Q4 Q41 Q51 (search for similar items in EconPapers)
Date: 2025-10-13
New Economics Papers: this item is included in nep-ene and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/126500/1/MPRA_paper_126500.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:126500

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().