地缘政治风险、气候风险与全球ESG股票和绿色债券平衡指数之间的因果关系

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-07-11 DOI:10.1016/j.frl.2025.107775

Yijuan Shen , Xiaoning Cui , Yating Zhu , Yifei Cai

引用次数: 0

摘要

本研究运用分位数格兰杰因果检验检验地缘政治风险、气候风险与全球ESG股票和绿色债券指数之间的因果关系。结果揭示了不对称的状态依赖效应。研究结果强调了非线性风险评估在可持续金融和政策设计中的重要性。

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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The causal dynamics between geopolitical risks, climate risks, and Global ESG Equity & Green Bond Balanced Index

This study applies a quantile Granger causality test to examine the causal nexus between geopolitical risks, climate risks, and global ESG equity and green bond index. Results reveal asymmetric, state-dependent effects. The findings highlight the importance of nonlinear risk assessment in sustainable finance and policy design.

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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