预测中国清洁能源行业波动：碳转型风险的优势

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-02-01 DOI:10.1016/j.frl.2024.106534

Wang Chen , Zhu Chen , Qin Luo

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引用次数: 0

摘要

本文构建了一个市场层面的碳转型风险关注指数，并结合8个经济政策不确定性指数，检验了该指数对中国清洁能源市场波动的预测能力。研究结果表明，碳转型风险关注和全球经济政策不确定性指数对中国清洁能源市场波动具有显著预测作用。碳转型风险担忧是市场波动的主要驱动因素；其扩展模型显示出更高的预测准确性。稳健性测试证实了研究结果的可靠性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Predicting volatility in China's clean energy sector: Advantages of the carbon transition risk

This paper develops a market-level carbon transition risk concern index and examines its ability to predict the volatility of China's clean energy market along with eight economic policy uncertainty indices. The results suggest that the carbon transition risk concern and global economic policy uncertainty index significantly predict the volatility of China's clean energy market. Carbon transition risk concern is the primary driver of market volatility; its extended model demonstrates increased predictive accuracy. Robustness tests confirm the reliability of the findings.

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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