生物多样性关注度、气候政策不确定性和全球股市之间的溢出效应

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2024-12-10 DOI:10.1016/j.frl.2024.106627

Dandan Ma, Qiang Ji, Dayong Zhang, Wanli Zhao

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引用次数: 0

摘要

本文研究了全球气候政策不确定性（GCPU）、全球生物多样性关注度（GBA）以及七国集团和金砖国家股票市场之间的溢出效应。在静态网络中，GBA 对股票市场的溢出效应是温和的，其中美国市场的净溢出效应最高，而 GCPU 则对各个股票市场产生了巨大而广泛的影响。在动态网络中，结果显示，在与气候变化和生物多样性有关的国际会议期间，GBA 对美国股市的溢出效应和 GCPU 对各种股票市场的溢出效应都在增加。

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Spillover among biodiversity attention, climate policy uncertainty and global stock markets

This paper investigates the spillover effects among global climate policy uncertainty (GCPU), global biodiversity attention (GBA) and the stock markets of the G7 and BRICS nations. In the static network, GBA's spillover effects towards stock markets are mild, with the US market experiencing the highest net spillover, while GCPU shows a large and widespread effect on various stock markets. In the dynamic network, the results show the spillovers from GBA towards the US stock market and from GCPU towards various stock markets both increasing during international conferences related to climate change and biodiversity.

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance