Chevallier, Julien; Etner, Johanna; Jouvet, Pierre-André - Université Paris-Dauphine (Paris IX) - 2011
implementation of the EU trading system in terms of allowances management. More specifically, the article details the banking … parent company and its subsidiaries. Based on case-studies of the most significant patterns in terms of allowances management … among firms, the empirical analyses underline the efficiency of the banking instrument as a risk-management tool. …