Navigating the Market Resilience of Sustainable Economy Stocks: Impact of Red Sea Crisis on BSE Carbonex Index - An Event Study
DOI:
https://doi.org/10.48047/v1fcx010Keywords:
MarketResilience, Sustainable Economy, Red Sea Crisis, S&P BSE Carbonex Index, Event Study, AAR, CAAR, Paired Samples t-test.Abstract
Purpose:For elucidating the impact of the Red Sea Crises on Carbonex , this study was undertaken.
Design:To empirically test the stock market efficiency, upon the announcement of the Red Sea Crises on S&P BSE Carbonex ,the event study methodology has been used. The study takes the pre-event period of 20 days and the post-event period of 15 days. For Carbonex ,AAR and CAARwere calculated to determine the impact of Red Sea Crisis.
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References
Abhay Raja. (2018). Sustainable Business Practices and Stock Performance: A Study of BSE Carbonex and its Constituents.
Alam, M. N., Alam, M. S., & Chavali, K. (2020). Stock market response during COVID-19 lockdown period in India: An event study. Journal of Asian Finance, Economics and Business, 7(7), 131–137. https://doi.org/10.13106/jafeb.2020.vol7.no7.131
Arora, N. (2012). Sustainability makes Business Sense: Analysis of Carbon Credit Market and Environmental Index Carbonex .
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