Assessing the influence of climate risk, carbon allowances, and technological factors on the ESG market in the European union

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dc.authoridKartal, Mustafa Tevfik/0000-0001-8038-8241
dc.contributor.authorPata, Ugur Korkut
dc.contributor.authorMohammed, Kamel Si
dc.contributor.authorSerret, Vanessa
dc.contributor.authorKartal, Mustafa Tevfik
dc.date.accessioned2024-09-18T20:19:51Z
dc.date.available2024-09-18T20:19:51Z
dc.date.issued2024
dc.departmentHatay Mustafa Kemal Üniversitesien_US
dc.description.abstractEnvironmental, Social, and Governance (ESG) is a market for environmental criteria that has recently attracted the attention of policymakers and in particular European Union (EU) countries to improve environmental quality. In the context of the EU Sustainable Development Goals, this study aims to examine the impact of climate risk uncertainties (transitional (TRI) and physical (PRI)), carbon allowances (EU ETS), and technology index (MSCI) on the ESG market. To this end, the study uses a quantile-on-quantile regression and its multivariate version for the period from November 28, 2007, to January 05, 2023. The results show that TRI and PRI increase ESG market development at higher quantiles, while EU ETS and technological progress reduce ESG progress. This shows that the risk of climate change requires the introduction of stricter environmental standards in EU countries, while the EU ETS and technological progress provide environmental benefits that reduce the need for the ESG market.en_US
dc.description.sponsorshipFunding This research did not receive any specific grant from funding agencies in the public, commercial, or not -for-profit sectors.en_US
dc.identifier.doi10.1016/j.bir.2024.04.013
dc.identifier.endpage837en_US
dc.identifier.issn2214-8450
dc.identifier.issn2214-8469
dc.identifier.issue4en_US
dc.identifier.scopus2-s2.0-85192963574en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage828en_US
dc.identifier.urihttps://doi.org/10.1016/j.bir.2024.04.013
dc.identifier.urihttps://hdl.handle.net/20.500.12483/9910
dc.identifier.volume24en_US
dc.identifier.wosWOS:001270192600001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.relation.ispartofBorsa Istanbul Reviewen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectESG marketen_US
dc.subjectClimate risksen_US
dc.subjectCarbon pricingen_US
dc.titleAssessing the influence of climate risk, carbon allowances, and technological factors on the ESG market in the European unionen_US
dc.typeArticleen_US

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