Template-Type: ReDIF-Article 1.0 
Author-Name: Bruno Benevit
Author-Name: Daniel Uhr
Author-Name: João Vítor Paz Corrales
Author-Name: Júlia Gallego Ziero Uhr
Author-Email:  daniel.uhr@gmail.com
Author-Workplace-Name:  Department of Economics, Universidade Federal de Pelotas, Brazil
Title: The Effect of 2021 Brazil’s “Proposal for Free Market Expansion of the Electricity Sector” on Short-Term Stock Prices and Volatility
Abstract:  We examine the effect of the “Proposal for Free Market Expansion of the Electricity Sector” disclosure on Brazil’s short-term stock market prices and volatility. We employ the Difference-in-Differences and the Doubly Robust Difference-in-Differences methodologies to analyze the proposal’s disclosure effect on daily returns and volatility of electricity sector companies listed on the Brazilian stock exchange. Results show a negative effect of the policy on stocks’ average daily returns and volatility.
Classification-JEL:  G12 ,G14 ,G18
Keywords:  Asset pricing, Information and market efficiency, Government policy and regulation
Journal:  Energy RESEARCH LETTERS
Pages: 1-5
Volume: 4
Issue: 2
Year:  2023
DOI:  2023/06/13
File-URL:  https://erl.scholasticahq.com/api/v1/articles/73225-the-effect-of-2021-brazil-s-proposal-for-free-market-expansion-of-the-electricity-sector-on-short-term-stock-prices-and-volatility.pdf
File-Format:  Application/pdf
Handle:  RePEc:ayb:jrnerl:82