Climate policy uncertainty and stock market volatility: Evidence from different sectors
Finance Research Letters
; 51, 2023.
Article
in English
| Scopus | ID: covidwho-2242934
ABSTRACT
This paper mainly investigates whether the climate policy uncertainty index (CPU) can predict the volatility of Chinese stock market volatility considering different sectors. Out-of-sample results show that climate policy uncertainty index can have a greater effect on the utility sector. We also investigate the effects of CPU based on longer horizons, different volatility levels and the COVID-19 pandemic. This paper tries to provide new evidence based on sector stock indices. © 2022
Full text:
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Collection:
Databases of international organizations
Database:
Scopus
Language:
English
Journal:
Finance Research Letters
Year:
2023
Document Type:
Article
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