| Title |
Analysis of the green stock market bubble based on financial saturation theory / |
| Authors |
Karasa, Darius ; Girdzijauskas, Stasys Albinas |
| Full Text |
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| Is Part of |
Transformations in Business & Economics.. Vilnius : Vilnius University, Brno University of Technology, University of Latvia,. 2024, vol. 23, no. 3A (63A), p. 920-937.. ISSN 1648-4460 |
| Keywords [eng] |
financial saturation ; green bubble ; green stock ; renewable energy sources |
| Abstract [eng] |
The objective of this study is to analyse the financial saturation theory and to develop and apply a green stocks analysis model for bubbles formation based on the aforementioned theory. This paper suggests a methodology that considers both the financial saturation level and the dynamics of accumulated capital growth in the green stocks market. A green bubble analysis model has been developed to estimate the rate of growth of returns on capital. The model reveals that the achieved saturation of the CELS stocks index market capacity is 0.96 (96%) and the return on capital r is 15.25. The high financial saturation of the market and the high growth rate of over 95% (the third level of saturation) suggest that the market is expanding exceptionally rapidly and is exhibiting signs of explosive growth. This indicates that the market has reached the stage of a financial bubble. |
| Published |
Vilnius : Vilnius University, Brno University of Technology, University of Latvia, |
| Type |
Journal article |
| Language |
English |
| Publication date |
2024 |
