About Me.
Dr. Chenyan Lyu
On the 2024/2025 Job Market
Research Fellow at
Exeter Sustainable Finance Centre (ECF)
Department of Finance and Accounting
University of Exeter Business School
Recent Works
The RBC Global Asset Management Sustainable Investment Research Programme
(Funded by Royal Bank of Canada)
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Research Papers
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Lyu, C., Yang, P., & Zhang, C. (2024)
Corporate Environmental Governance: A Global Study of Internal Carbon Price (Working Paper) -
Lyu, C., Xin, W., & Zhang, C. (2024)
Internal Carbon Price: Firm Performance and Future Stock Return
(Work-in-Progress)
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Media Highlights
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LinkedIn Insight Article
By RBC and Dr. Chenyan Lyu
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Research Interest
Chenyan is deeply engrossed in the field of Environmental & Energy Economics and Sustainable Finance with her research primarily gravitating towards emission-trading market design, policy analysis, and sustainable investment. Recognizing the urgency of climate change, she emphasizes the significance of cost-effective mitigation strategies, such as carbon pricing. Her current studies delve into the intricate external and internal carbon pricing mechanisms and their implications.
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As industries transition towards more sustainable practices, Chenyan is keenly interested in exploring the realm of sustainable finance. She's currently probing how internal carbon pricing can influence a company's profitability, indicating the vital intertwining of environmental responsibility and economic viability.
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Furthermore, she is intrigued by the potential interplay between the green bond market and the carbon market. Her investigations aim to decipher whether these markets act as complements or substitutes for each other, shedding light on their roles in promoting a greener economy.
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A substantial part of her research also encompasses the local impacts of emissions trading. The possible repercussions, such as cost pass-through and carbon leakage, require critical analysis to minimize adverse human, environmental, and economic consequences stemming from the emissions allowance allocation process.
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Lastly, through in-depth, quantitative studies, Chenyan seeks to understand the local environmental impacts, especially those stemming from the spatial and temporal distribution of emission allowances.