Carbon VIX : A case of decarbonized SPACs

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annif.suggestionscarbon|climate changes|prices|emission trade|climate policy|carbon dioxide|greenhouse gases|enterprises|emissions|investments|enen
annif.suggestions.linkshttp://www.yso.fi/onto/yso/p138|http://www.yso.fi/onto/yso/p5729|http://www.yso.fi/onto/yso/p750|http://www.yso.fi/onto/yso/p7339|http://www.yso.fi/onto/yso/p15162|http://www.yso.fi/onto/yso/p4728|http://www.yso.fi/onto/yso/p4729|http://www.yso.fi/onto/yso/p3128|http://www.yso.fi/onto/yso/p437|http://www.yso.fi/onto/yso/p4320en
dc.contributor.authorDimic, Nebojsa
dc.contributor.authorTinoco, Mario Hernandez
dc.contributor.authorPiljak, Vanja
dc.contributor.authorVulanovic, Milos
dc.contributor.departmentfi=Ei tutkimusalustaa|en=No platform|-
dc.contributor.facultyfi=Laskentatoimen ja rahoituksen yksikkö|en=School of Accounting and Finance|-
dc.contributor.orcidhttps://orcid.org/0000-0002-0560-5071-
dc.contributor.orcidhttps://orcid.org/0000-0002-2066-5208-
dc.contributor.organizationfi=Vaasan yliopisto|en=University of Vaasa|
dc.date.accessioned2024-11-07T06:52:59Z
dc.date.accessioned2025-06-25T13:51:28Z
dc.date.issued2024-10-29
dc.description.abstractThe recent Carbon volatility index (Carbon VIX) by Fuchs, Stroebel, and Terstegge (2024) raises important questions regarding its impact on the financial performance of decarbonizing companies. We investigate the relationship between decarbonized SPACs and the Carbon VIX. While the Decarbonised SPAC Index does not exhibit a statistically significant linear relationship with the Carbon VIX, a regime-shifting approach indicates a positive association in low-volatility environments. Furthermore, carbon prices show a positive effect in low price regimes. We highlight the importance of considering regime shifts and non-linear effects when assessing the impact of volatility and price dynamics on decarbonized SPAC performance.-
dc.description.notification©2024 Elsevier. This manuscript version is made available under the Creative Commons Attribution–NonCommercial–NoDerivatives 4.0 International (CC BY–NC–ND 4.0) license, https://creativecommons.org/licenses/by-nc-nd/4.0/-
dc.description.reviewstatusfi=vertaisarvioitu|en=peerReviewed|-
dc.embargo.lift2026-10-29
dc.embargo.terms2026-10-29
dc.format.bitstreamtrue
dc.format.contentfi=kokoteksti|en=fulltext|-
dc.format.extent8-
dc.identifier.olddbid21719
dc.identifier.oldhandle10024/18217
dc.identifier.urihttps://osuva.uwasa.fi/handle/11111/2870
dc.identifier.urnURN:NBN:fi-fe2024110789728-
dc.language.isoeng-
dc.publisherElsevier-
dc.relation.doi10.1016/j.frl.2024.106360-
dc.relation.ispartofjournalFinance Research Letters-
dc.relation.issn1544-6131-
dc.relation.issn1544-6123-
dc.relation.urlhttps://doi.org/10.1016/j.frl.2024.106360-
dc.relation.volume70-
dc.rightsCC BY-NC-ND 4.0-
dc.source.identifierhttps://osuva.uwasa.fi/handle/10024/18217
dc.subjectCarbon price-
dc.subjectCarbon VIX-
dc.subjectCarbon volatility-
dc.subjectEnergy-
dc.subjectSPACs-
dc.subjectSpecial purpose acquisition company-
dc.subject.disciplinefi=Laskentatoimi ja rahoitus|en=Accounting and Finance|-
dc.titleCarbon VIX : A case of decarbonized SPACs-
dc.type.okmfi=A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä|en=A1 Peer-reviewed original journal article|sv=A1 Originalartikel i en vetenskaplig tidskrift|-
dc.type.publicationarticle-
dc.type.versionacceptedVersion-

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