Are energy metals hedges or safe havens for clean energy stock returns?
نویسندگان
چکیده
This paper examines the relationship between clean energy stock indices and metals that are sensitive to growth in demand for solutions, makes inferences about whether can act as hedges or safe havens indices. The sample period is April 2011 2021, a which saw substantial investments into industry capital deployed generation during this was three times higher than preceding decade. main results indicate statistically significant non-linear relationships among markets under study. All metals, except cobalt, have positive linkage with such associations do hold episodes of high volatility. While none study acts hedge markets, support previous evidence on hedging properties precious showing gold silver serve certain These important implications amid tremendous repeating occurrence periods uncertainty.
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ژورنال
عنوان ژورنال: Energy
سال: 2022
ISSN: ['1873-6785', '0360-5442']
DOI: https://doi.org/10.1016/j.energy.2021.122708