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

被引：4
|
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
  • [41] Impact of Economic Policy Uncertainty on Industrial Convergence: Evidence from China
    He, Jianjia
    Wang, Danyuan
    SUSTAINABILITY, 2023, 15 (13)
  • [42] Economic policy uncertainty and capital structure choice: Evidence from China
    Zhang, Guangli
    Han, Jianlei
    Pan, Zheyao
    Huang, Haozhi
    ECONOMIC SYSTEMS, 2015, 39 (03) : 439 - 457
  • [43] Economic policy uncertainty dispersion and excess returns: Evidence from China
    Yang, Jianlei
    Yang, Chunpeng
    Hu, Xiaoyi
    FINANCE RESEARCH LETTERS, 2021, 40
  • [44] Economic policy uncertainty exposure and earnings management: evidence from China
    Cui, Xin
    Yao, Shouyu
    Fang, Zhenming
    Wang, Hua
    ACCOUNTING AND FINANCE, 2021, 61 (03): : 3937 - 3976
  • [45] Economic policy uncertainty and corporate inventory holdings: evidence from China
    Zeng, Jianyu
    Zhong, Teng
    He, Fan
    ACCOUNTING AND FINANCE, 2020, 60 (02): : 1727 - 1757
  • [46] Share repurchases under economic policy uncertainty: Evidence from China
    Huang, Chenghao
    Luo, Chenyu
    Kuang, Xuewen
    ECONOMIC MODELLING, 2025, 144
  • [47] Economic policy uncertainty and corporate tax avoidance: Evidence from China
    Shen, Huayu
    Hou, Fei
    Peng, Miaowei
    Xiong, Hao
    Zuo, Haohao
    PACIFIC-BASIN FINANCE JOURNAL, 2021, 65
  • [48] Economic Policy Uncertainty and Innovation: Evidence from China Energy Enterprises
    Wei, Wei
    Hu, Haiqing
    EMERGING MARKETS FINANCE AND TRADE, 2024, 60 (13) : 2869 - 2888
  • [49] Environmental policy uncertainty and corporate green innovation: evidence from China
    Huang, Jinrong
    Wang, Zongjun
    Jiang, Zhenyu
    Zhong, Qin
    EUROPEAN JOURNAL OF INNOVATION MANAGEMENT, 2022, : 1675 - 1696
  • [50] Economic policy uncertainty and company stock prices: Empirical evidence from blockchain companies
    Su, Chi -Wei
    Yang, Shengyao
    Ren, Yi-Shuai
    FINANCE RESEARCH LETTERS, 2024, 65
12345