Chakrabarti, Gagari and Sen, Chitrakalpa (2018) Pricing of green stocks in India. The Empirical Economics Letters, 17 (4). pp. 537-544. ISSN 1681-8997
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Abstract
Exploring the issues of pricing of Indian green stocks (2009-2016) finds them to earn excess-returns that cannot be justified as rewards to positive externalities associated with green investment. A presence of intrinsic bubble is documented with enough scope for mispricing, adverse selection and resultant downsizing in valuation. The consequent withdrawal of investment from green stocks would have its implications for firms and the global economy.
Item Type: | Article |
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Keywords: | Green Stocks | Intrinsic Bubble | Instrumental Variable |
Subjects: | Social Sciences and humanities > Business, Management and Accounting > Business and International Management Social Sciences and humanities > Business, Management and Accounting > General Management Social Sciences and humanities > Business, Management and Accounting > Marketing |
JGU School/Centre: | Jindal Global Business School |
Depositing User: | Arjun Dinesh |
Date Deposited: | 22 Apr 2022 14:31 |
Last Modified: | 22 Apr 2022 14:31 |
URI: | https://pure.jgu.edu.in/id/eprint/2576 |
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