Climate Change Policy Events and Stock Market Performance: An Event Study Approach

Authors

  • Dr. Muhammad Sabeeh Iqbal Hailey College of Commerce, University of the Punjab, Lahore
  • Usman Baig Hailey College of Commerce, University of the Punjab, Lahore
  • Dr. Zaeema Asrar Faculty of Management and Administrative Sciences, University of Karachi
  • Dr. Shujaat Saleem Faculty of Business Administration, IQRA University, Karachi
  • Dr. Abid Mehmood Department of Business Studies, Bahria Business School, Bahria University, Karachi

Keywords:

Climate events, Global Shield Funding, Paris Agreement, Stock market returns, Investor behavior, financial markets, Event studies

Abstract

This study delves into the impact of two significant climate events, namely the Global Shield Funding and the Paris Agreement, on stock market returns. By analyzing the responses of investors to these climate events, the study aims to provide insights into how financial markets react to global initiatives addressing climate change. The research focuses on assessing the implications of the Global Shield Funding announcement and the Paris Agreement on stock market dynamics, particularly in V7 countries. Through event studies and market model analyses, the study examines the relationship between these climate events and stock returns, shedding light on investor sentiment and market performance in the context of climate change initiatives. The findings contribute to understanding the interplay between climate events, investor behavior, and financial markets, highlighting the importance of sustainable investments in a changing environmental landscape.

Downloads

Published

2024-09-30

Issue

Vol. 4 No. 3 (2024): GISRAS Journal of Management & Islamic Finance (GJMIF)

Section

Articles