Stochastic Income Statement Planning and Emissions Trading

Arbeitspapier

Since the introduction of the European CO2 emissions trading system (EU ETS), the development of CO2 allowance prices is a new risk factor for enterprises taking part in this system. In this paper, we analyze how risk emerging from emissions trading can be considered in the stochastic profit and loss planning of corporations. Therefore we explore which planned figures are affected by emissions trading. Moreover, we show a way to model these positions in a planned profit and loss account accounting for uncertainties and dependencies. Consequently, this model provides a basis for risk assessment and investment decisions in the uncertain environment of CO2 emissions trading.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IWH Discussion Papers ; No. 4/2010

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Criteria for Decision-Making under Risk and Uncertainty ; Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill ; Regulation and Industrial Policy: Other ; Climate; Natural Disasters and Their Management; Global Warming ; Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth ; Environmental Economics: Government Policy
• Thema: CO2 ; emissions trading ; EU ETS ; risk ; stochastic business planning ; CO2 ; Emissionshandel ; EU ETS ; Risiko ; stochastische Unternehmensplanung ; Emissionshandel ; Gewinn- und Verlustrechnung ; Unternehmensplanung ; Risikomanagement ; Stochastischer Prozess ; Theorie

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Dannenberg, Henry ; Ehrenfeld, Wilfried
• Ereignis: Veröffentlichung
• (wer): Leibniz-Institut für Wirtschaftsforschung Halle (IWH)
• (wo): Halle (Saale)
• (wann): 2010

Weitere Informationen

• Handle: http://hdl.handle.net/10419/37067
• URN: urn:nbn:de:101:1-2010031959
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ