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

Wendai Lv, Jipeng Qi and Jing Feng

Research in International Business and Finance, 2023, vol. 64, issue C

Abstract: 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.

Keywords: Economic policy uncertainty; Environmental governance index; COVID-19 pandemic; Volatility forecasting (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:64:y:2023:i:c:s0275531923000016

DOI: 10.1016/j.ribaf.2023.101875

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