Revealing the impact of floods on stock returns of energy companies in Europe

Abstract

This research will investigate the impact of floods in Europe on the daily stock returns of European traditional and renewable energy companies. The data I will utilize are the stock returns of 203 European energy companies in 2019 and 2023, as well as 11 events selected by combining factors such as the frequency of floods and the damage caused, which occurred in Europe. The study is expected to reflect investors' shifting expectations of flood risk and provide valuable information to investors.