Abstract

The papers investigates the influence of futures market development and green product trading on companies’ share prices on global markets. Green markets are nowadays characterized by rapid growth and development which particularly refers to CO2 emissions market. The basic objective of the paper is to analyze the current level of development of the emissions market growth in Europe and expand the theoretical understanding of futures trading with this type of products. As an important indicator of new products and tendencies in commodity futures market trading, the paper examines the impact of futures trading on CO2 on European Energy Exchange (EEX) and market value of companies’ shares from the sectors of energy and mining, transport, processing industry and financial services. Starting from the fact that market value indicators provide shareholders with necessary information, such as return on investment, the basic micro fundamental indicators have been chosen: average share price, EPS, P/E ratio, P/B ratio, and market capitalization. The results obtained confirm the knowledge that CO2 emissions trading on the futures market does not have the same impact on every market values indicator of a company and that it varies by analyzed sectors.

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