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Contribution Details

Type Journal Article
Scope Discipline-based scholarship
Title The green energy transition and the 2023 Banking Crisis
Organization Unit
  • Francesco D’Ercole
  • Alexander Wagner
Item Subtype Original Work
Refereed Yes
Status Published in final form
  • English
Journal Title Finance Research Letters
Publisher Elsevier
Geographical Reach international
ISSN 1544-6123
Volume 58
Page Range 104493
Date 2023
Abstract Text This study examines the stock price reactions of environmentally responsible stocks during the onset of the 2023 banking crisis, triggered by the collapse of Silicon Valley Bank (SVB). Our findings indicate that stocks poised to benefit from the shift to a low-carbon economy underperformed during the 2023 crisis. This suggests that investors anticipate a slowdown in climate tech development due to distress in the banking sector. Our results underscore the significance of considering not only the influence of the climate crisis on financial stability, but also the pivotal role that financial stability plays in ensuring a successful energy transition.
Free access at DOI
Digital Object Identifier 10.1016/
Other Identification Number merlin-id:24079
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Keywords Finance