Pricing of green stocks in India

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
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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