Economic policy uncertainty and environmental governance company volatility: Evidence from China

被引：3
|
作者：
Lv, Wendai [1 ]
Qi, Jipeng [2 ]
Feng, Jing [3 ]
机构：
[1] Beijing Univ Chem Technol, Sch Econ & Management, Beijing, Peoples R China
[2] Beijing Jiaotong Univ, Sch Econ & Management, Beijing, Peoples R China
[3] Kunming Univ Sci & Technol, Fac Management & Econ, Kunming, Peoples R China
来源：
RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE | 2023年 / 64卷
基金：
中国国家自然科学基金;
关键词：
Economic policy uncertainty; Environmental governance index; COVID-19; pandemic; Volatility forecasting; STOCK-MARKET VOLATILITY; HEALTH; RETURN;
D O I：
10.1016/j.ribaf.2023.101875
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This study primarily investigates whether China's economic policy uncertainty (EPU) can predict the environmental governance index volatility, which selects companies regarding environmental protection such as sewage treatment, solid waste treatment, air treatment, and energy saving. Empirical results reveal that China's EPU index can predict the environmental governance index volatility. Furthermore, even during periods of fluctuating volatility and the COVID-19 pandemic, China's EPU index can reliably forecast the environmental governance index volatility. This paper tries to provide new evidence regarding the connection between EPU and environmental governance companies' stock volatility.
引用
收藏
页数：8
相关论文
共 50 条
  • [1] Economic policy uncertainty and grain futures price volatility: evidence from China
    Xiao, Xiaoyong
    Tian, Qingsong
    Hou, Shuxia
    Li, Chongguang
    [J]. CHINA AGRICULTURAL ECONOMIC REVIEW, 2019, 11 (04) : 642 - 654
  • [2] Export volatility with trade policy uncertainty: Evidence from China*
    Chen, Xiaoping
    Zhao, Xiaotao
    [J]. WORLD ECONOMY, 2021, 44 (12): : 3534 - 3549
  • [3] Asymmetric volatility spillovers between economic policy uncertainty and stock markets: Evidence from China
    Wang Ziwei
    Li Youwei
    He Feng
    [J]. RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE, 2020, 53
  • [4] Sector Volatility Spillover and Economic Policy Uncertainty: Evidence from China's Stock Market
    Su, Xiaqing
    Liu, Zhe
    [J]. MATHEMATICS, 2021, 9 (12)
  • [5] Impacts of geopolitical risk and economic policy uncertainty on metal futures price volatility: Evidence from China
    Jia, Lijun
    Xu, Ruoyu
    Wu, Jian
    Song, Malin
    Chen, Xueli
    [J]. RESOURCES POLICY, 2023, 87
  • [6] Economic policy uncertainty and volatility of corporate bond credit spread: Evidence from China and the United States
    Zhang, Maojun
    Zhang, Rongjia
    Zhao, Yang
    [J]. INTERNATIONAL REVIEW OF ECONOMICS & FINANCE, 2024, 93 : 827 - 841
  • [7] Asymmetric effects of economic policy uncertainty and environmental policy stringency on environmental quality: evidence from China and the United States
    Assamoi, Guy Roland
    Wang, Shaoyuan
    [J]. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH, 2023, 30 (11) : 29996 - 30016
  • [8] Asymmetric effects of economic policy uncertainty and environmental policy stringency on environmental quality: evidence from China and the United States
    Guy Roland Assamoi
    Shaoyuan Wang
    [J]. Environmental Science and Pollution Research, 2023, 30 : 29996 - 30016
  • [9] Economic policy uncertainty and cash dividend policy: evidence from China
    Li, Chuanzhen
    Zhao, Liang
    Zhang, Yiwen
    [J]. HUMANITIES & SOCIAL SCIENCES COMMUNICATIONS, 2024, 11 (01):
  • [10] Global economic policy uncertainty and stock volatility: evidence from emerging economies
    Yu, Xiaoling
    Huang, Yirong
    Xiao, Kaitian
    [J]. JOURNAL OF APPLIED ECONOMICS, 2021, 24 (01) : 416 - 440
12345