Investing in Environmental Markets
|Author:||Mgr. Zuzana Tothová|
|Year:||2007 - summer|
|Leaders:|| prof. Ing. Michal Mejstřík CSc.
|Work type:|| Finance, Financial Markets and Banking
|Awards and prizes:||M.A. with distinction from the Dean of the Faculty of Social Sciences for an excellent state-final examination performance and for an extraordinarily good masters diploma thesis.|
|Abstract:||The topic of Environmental Markets remains unexplored by academics not only in the Czech Republic but internationally. It presents a new field of research without a clear terminology. For the purpose of this study we have defined Environmental Markets as a universe of quoted companies which deliver cleaner and more efficient products and services in the energy, water and waste sectors. We have then proceeded with the study of each of the three sub-sectors, their business models and factors that influence their growth.
We reviewed the investment vehicles that can enable investors to take advantage of the sectors’ growth potential, with a concentration on European environmental mutual funds. We studied their main risk-return characteristics and empirically tested whether they outperformed the general stock market over the last five years. Finally, the potential risks connected to Environmental Markets’ investments were addressed.
|Downloadable:||Diploma Thesis of Zuzana Tothová