Carbon emission trading and equity markets in China: How liquidity is impacting carbon returns?
نویسندگان
چکیده
This paper aims to investigate the impact of liquidity on return dynamics between carbon emission trading market and stock in China from 2013 2021. In market, we find that any given day can significantly predict cross-section returns next day. Furthermore, examine spillover effect two markets has a greater market. We also evidence improve Finally, observe volatility not only deteriorates but where for latter is decreasing volume increasing prices.
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ژورنال
عنوان ژورنال: Ekonomska Istrazivanja-economic Research
سال: 2022
ISSN: ['1848-9664', '1331-677X']
DOI: https://doi.org/10.1080/1331677x.2022.2049010