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On the Market Efficiency in Pricing Environmental Risks

Beyer, Victor

This cumulative dissertation consists of three essays. The common objective is to analyze the pricing of environmental risks in the US stock market and to examine how such risks affect equity prices. Understanding this mechanism is crucial, as market-based incentives for “brown” firms to improve their environmental performance and become “green” will only materialize if the externalities are priced effectively. By shedding light on the market mechanisms underlying sustainable investment risk and tastes, this dissertation provides guidance to both regulators and financial market stakeholders.

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@phdthesis{doi:10.17170/kobra-2024091910840,
  author    ={Beyer, Victor},
  title    ={On the Market Efficiency in Pricing Environmental Risks},
  keywords ={330 and Aktienmarkt and Umweltgefährdung and Risiko and Preisbildung and Nachhaltigkeit},
  copyright  ={https://rightsstatements.org/page/InC/1.0/},
  language ={en},
  school={Kassel, Universität Kassel, Fachbereich Wirtschaftswissenschaften, Institut für Betriebswirtschaftslehre},
  year   ={2024}
}