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dc.contributor.author
Grammenos, Marios
en
dc.date.accessioned
2021-09-13T11:46:33Z
dc.date.available
2021-09-13T11:46:33Z
dc.date.issued
2021-09-13
dc.identifier.uri
https://repository.ihu.edu.gr//xmlui/handle/11544/29828
dc.rights
Default License
dc.subject
Firm value
en
dc.subject
Carbon emissions
en
dc.title
How is the value of firms affected by greenhouse gas emissions in the United Kingdom?
en
heal.type
masterThesis
en_US
heal.dateAvailable
2021-06-03
heal.language
en
en_US
heal.access
free
en_US
heal.license
http://creativecommons.org/licenses/by-nc/4.0
en_US
heal.recordProvider
School of Economics, Business Administration and Legal Studies, MSc in International Accounting, Auditing and Financial Management
en_US
heal.publicationDate
2021-06-03
heal.abstract
This dissertation was written as part of the MSc in International Accounting, Auditing and Financial Management at the International Hellenic University. Pollution and climate change are words which we listen every day and are connected with our survival on this planet. This study focuses on the association between firm value and the carbon emissions in a sample of 200 companies in the United Kingdom. According to the majority of the previous literature, this relationship is negative; e.g. Baboukardos (2019) finds that is decreasing because the new regulation gives the sign to investors that the future emissions will be reduced. The collected observations are 1000 with firms from different sectors. Using all observations the results show us a positive relationship between the two variables. This is probably due to the different characteristics of firms in Financial Services sector. After excluding these firms we find a negative association between the carbon emissions and firm value. In this study the average penalty for every thousand of CO2 metric ton is £618,000.
en
heal.advisorName
Archontakis, Fragiskos
en
heal.committeeMemberName
Chantziaras, Antonios
en
heal.academicPublisher
IHU
en
heal.academicPublisherID
ihu
en_US
heal.spatialCoverage
United Kingdom
en
heal.spatialCoverage
UK
en


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