Table 1.

Descriptive statistics for stock and oil returns.

Sector/Region		No. Firms	Mean	StdDev	Max	Min	Skewness	Kurtosis	J-B
Renewable Energy Stock Returns	USA	59	0.030	1.590	26.257	−26.693	0.057	59.699	705249.3
	Euro	24	0.017	1.068	5.810	−10.489	−0.600	9.304	9029.710
	Asia	21	0.022	2.218	15.157	−17.138	−0.162	7.391	4253.527
Fossil Fuel Energy Stock Returns	USA	107	−0.007	2.468	54.401	−25.286	1.526	57.060	643159.2
	Asia	5	0.059	2.703	17.989	−27.927	0.118	9.076	8109.820
WTI Oil Price Returns	Global	1	0.018	2.760	42.583	−28.138	0.713	33.216	200666.8

Note: The sample covers the period March 24, 2000–May 29, 2020. All Jarque-Bera (J-B) statistics are significant at 1%.