Påverkar EU:s taxonomi investeringsviljan i hållbara företag under ekonomiska nedgångar?
(2025) NEKH01 20242Department of Economics
- Abstract (Swedish)
- This study aims to examine whether sustainable firms are more sensitive to economic hardship such as an economic crisis, high inflation and low GDP-growth than companies with less focus on sustainability. The research is based on publicly available taxonomy scores of twenty-three of largest publicly traded stocks in Sweden between 2003-2023. The results from three regressions, based on the same model, are discussed through the scope of three hypotheses set up by the authors and utilized to interpret the effects which the EU taxonomy rating has on change in stock turnover. The model is set up to find if there is a statistically significant relationship between change in share turnover and taxonomy rating in the three categories listed... (More)
- This study aims to examine whether sustainable firms are more sensitive to economic hardship such as an economic crisis, high inflation and low GDP-growth than companies with less focus on sustainability. The research is based on publicly available taxonomy scores of twenty-three of largest publicly traded stocks in Sweden between 2003-2023. The results from three regressions, based on the same model, are discussed through the scope of three hypotheses set up by the authors and utilized to interpret the effects which the EU taxonomy rating has on change in stock turnover. The model is set up to find if there is a statistically significant relationship between change in share turnover and taxonomy rating in the three categories listed above, this is conducted using interaction terms between taxonomy and the variables related to the hypothesis. The research found a statistically significant relationship between taxonomy and share turnover in two of the three variations of the model. It also found significant effects in the variables: covid-19 pandemic, financial crisis, inflation, GDP-gap and steering interest rate. However, none of the interaction terms with taxonomy displayed a statistically significant outcome and the hypothesizes are therefore not confirmed by the study. Further research is needed to conclude if there is a relationship between taxonomy and economic hardship. To enhance estimates and get significant results which better explain the interconnection between the variables future research should accumulate a larger dataset and vary the taxonomy rating year by year. In comparison to the method used in this study where only one value for taxonomy rating was included which did not provide a distinct conclusion. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9185131
- author
- Johansson, Nils LU and Ekström, Theo
- supervisor
- organization
- course
- NEKH01 20242
- year
- 2025
- type
- M2 - Bachelor Degree
- subject
- keywords
- Sustainable development, financial markets, EU-Taxonomy, Green Deal, Financial crisis.
- language
- Swedish
- id
- 9185131
- date added to LUP
- 2025-05-08 09:15:46
- date last changed
- 2025-05-08 09:15:46
@misc{9185131,
abstract = {{This study aims to examine whether sustainable firms are more sensitive to economic hardship such as an economic crisis, high inflation and low GDP-growth than companies with less focus on sustainability. The research is based on publicly available taxonomy scores of twenty-three of largest publicly traded stocks in Sweden between 2003-2023. The results from three regressions, based on the same model, are discussed through the scope of three hypotheses set up by the authors and utilized to interpret the effects which the EU taxonomy rating has on change in stock turnover. The model is set up to find if there is a statistically significant relationship between change in share turnover and taxonomy rating in the three categories listed above, this is conducted using interaction terms between taxonomy and the variables related to the hypothesis. The research found a statistically significant relationship between taxonomy and share turnover in two of the three variations of the model. It also found significant effects in the variables: covid-19 pandemic, financial crisis, inflation, GDP-gap and steering interest rate. However, none of the interaction terms with taxonomy displayed a statistically significant outcome and the hypothesizes are therefore not confirmed by the study. Further research is needed to conclude if there is a relationship between taxonomy and economic hardship. To enhance estimates and get significant results which better explain the interconnection between the variables future research should accumulate a larger dataset and vary the taxonomy rating year by year. In comparison to the method used in this study where only one value for taxonomy rating was included which did not provide a distinct conclusion.}},
author = {{Johansson, Nils and Ekström, Theo}},
language = {{swe}},
note = {{Student Paper}},
title = {{Påverkar EU:s taxonomi investeringsviljan i hållbara företag under ekonomiska nedgångar?}},
year = {{2025}},
}