Research on the Norilsk Nickel under climate change-based onthe Fama-French model
Global warming is becoming more serious, and climate change around the world poses enormous challenges and opportunities for economic activity in all fields. The risk of climate change has become a common risk faced by many companies around the world. Then this paper selected three different compani...
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ftdoajarticles:oai:doaj.org/article:4cb29a16ac0341b999e548abc408b15d 2023-10-29T02:34:28+01:00 Research on the Norilsk Nickel under climate change-based onthe Fama-French model Heng Yi 2023-01-01T00:00:00Z https://doi.org/10.1051/e3sconf/202342402004 https://doaj.org/article/4cb29a16ac0341b999e548abc408b15d EN FR eng fre EDP Sciences https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/61/e3sconf_icree2023_02004.pdf https://doaj.org/toc/2267-1242 2267-1242 doi:10.1051/e3sconf/202342402004 https://doaj.org/article/4cb29a16ac0341b999e548abc408b15d E3S Web of Conferences, Vol 424, p 02004 (2023) Environmental sciences GE1-350 article 2023 ftdoajarticles https://doi.org/10.1051/e3sconf/202342402004 2023-10-01T00:40:17Z Global warming is becoming more serious, and climate change around the world poses enormous challenges and opportunities for economic activity in all fields. The risk of climate change has become a common risk faced by many companies around the world. Then this paper selected three different companies in the mining industry. They are Anglo American plc, BHP Group Limited and Norilsk Nickel gave a basic introduction to the company and counted their financial situation. Then this article collects the five-year monthly maximum temperature, minimum temperature and average tem-perature in the Arctic to directly show the direct and significant impact of global warming on the earth. Among them, a company in Russia was selected for Fama-French model analysis, and the linear regression results were ob-tained. It can be seen that climate change has different degrees of impact on MKT, SMB and HML. Among them, MKT (market risk premium) has the greatest impact on it, indicating that the company's own business is relatively stable, and the price is not significantly affected by its own fluctuations, but is greatly affected by the market and industry. Article in Journal/Newspaper Arctic Climate change Global warming norilsk Directory of Open Access Journals: DOAJ Articles E3S Web of Conferences 424 02004 |
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Directory of Open Access Journals: DOAJ Articles |
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ftdoajarticles |
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English French |
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Environmental sciences GE1-350 |
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Environmental sciences GE1-350 Heng Yi Research on the Norilsk Nickel under climate change-based onthe Fama-French model |
topic_facet |
Environmental sciences GE1-350 |
description |
Global warming is becoming more serious, and climate change around the world poses enormous challenges and opportunities for economic activity in all fields. The risk of climate change has become a common risk faced by many companies around the world. Then this paper selected three different companies in the mining industry. They are Anglo American plc, BHP Group Limited and Norilsk Nickel gave a basic introduction to the company and counted their financial situation. Then this article collects the five-year monthly maximum temperature, minimum temperature and average tem-perature in the Arctic to directly show the direct and significant impact of global warming on the earth. Among them, a company in Russia was selected for Fama-French model analysis, and the linear regression results were ob-tained. It can be seen that climate change has different degrees of impact on MKT, SMB and HML. Among them, MKT (market risk premium) has the greatest impact on it, indicating that the company's own business is relatively stable, and the price is not significantly affected by its own fluctuations, but is greatly affected by the market and industry. |
format |
Article in Journal/Newspaper |
author |
Heng Yi |
author_facet |
Heng Yi |
author_sort |
Heng Yi |
title |
Research on the Norilsk Nickel under climate change-based onthe Fama-French model |
title_short |
Research on the Norilsk Nickel under climate change-based onthe Fama-French model |
title_full |
Research on the Norilsk Nickel under climate change-based onthe Fama-French model |
title_fullStr |
Research on the Norilsk Nickel under climate change-based onthe Fama-French model |
title_full_unstemmed |
Research on the Norilsk Nickel under climate change-based onthe Fama-French model |
title_sort |
research on the norilsk nickel under climate change-based onthe fama-french model |
publisher |
EDP Sciences |
publishDate |
2023 |
url |
https://doi.org/10.1051/e3sconf/202342402004 https://doaj.org/article/4cb29a16ac0341b999e548abc408b15d |
genre |
Arctic Climate change Global warming norilsk |
genre_facet |
Arctic Climate change Global warming norilsk |
op_source |
E3S Web of Conferences, Vol 424, p 02004 (2023) |
op_relation |
https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/61/e3sconf_icree2023_02004.pdf https://doaj.org/toc/2267-1242 2267-1242 doi:10.1051/e3sconf/202342402004 https://doaj.org/article/4cb29a16ac0341b999e548abc408b15d |
op_doi |
https://doi.org/10.1051/e3sconf/202342402004 |
container_title |
E3S Web of Conferences |
container_volume |
424 |
container_start_page |
02004 |
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1781057082537017344 |