Prior studies have extensively exhibited an interest in exploring the correlations between dirty and clean energy stocks prices alongside the drivers of such correlations, shedding lights on hedging strategies for finance practitioners. Nevertheless, there is an absence of empirical assessment...

While the risk return trade-off theory suggests a positive relationship between the expected return and the conditional volatility, the volatility feedback theory implies a channel that allows the conditional volatility to negatively affect the expected return. We examine the effects of the risk...

While the risk return trade-off theory suggests a positive relationship between the expected return and the conditional volatility, the volatility feedback theory implies a channel that allows the conditional volatility to negatively affect the expected return. We examine the effects of the risk...