Exportar Publicação

A publicação pode ser exportada nos seguintes formatos: referência da APA (American Psychological Association), referência do IEEE (Institute of Electrical and Electronics Engineers), BibTeX e RIS.

Exportar Referência (APA) 
Meireles, M., Madaleno, M. & Alves, M. R. (2024). EU ETS Impact on Companies Performance in Portugal: A Sector Analysis. EEM 2024 – 20th International Conference on European Energy Market.
Exportar Referência (IEEE) 
M. A. Meireles et al.,  "EU ETS Impact on Companies Performance in Portugal: A Sector Analysis", in EEM 2024 – 20th Int. Conf. on European Energy Market, Istambul, 2024
Exportar BibTeX 
@misc{meireles2024_1742351286896,
	author = "Meireles, M. and Madaleno, M. and Alves, M. R.",
	title = "EU ETS Impact on Companies Performance in Portugal: A Sector Analysis",
	year = "2024",
	howpublished = "Digital"
}
Exportar RIS 
TY  - CPAPER
TI  - EU ETS Impact on Companies Performance in Portugal: A Sector Analysis
T2  - EEM 2024 – 20th International Conference on European Energy Market
AU  - Meireles, M.
AU  - Madaleno, M.
AU  - Alves, M. R.
PY  - 2024
CY  - Istambul
AB  - The main goal of this study is to evaluate the influence of the European Union Emissions Trading System (EU ETS) on the Financial Performance of Portuguese firms and to assess its effectiveness in changing firms’ environmental behavior. Empirically, it intends to test how Portuguese companies are financially impacted by the EU ETS system. To this end, a simple panel model was initially estimated for the period between 2012 and 2020 for the Portuguese companies using the European Commission's and SABI´s (Iberian Balance Sheet Analysis System) databases. Special emphasis is provided by the economic activity sector. Afterward, a generalized method of moments (GMM) estimations was performed. From the results, it was possible to observe that the impact of EU ETS is limited, albeit with a negative effect on the profitability of companies, as it tends to reduce emissions, and these are positively related to the firm's profits. Furthermore, the results show evidence that technology policy has become an important part of the policy portfolio that complements climate policy. Based on these findings, the paper provides some advice for policymakers on how to improve the existing policy portfolio.
ER  -