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.
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页数：8
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