Does extreme climate concern drive equity premiums? Evidence from China
Abstract We construct an extreme climate concern indicator (ECC) on the basis of the coverage of the extreme climate news reports. First, ECC significantly negatively forecasts stock market returns in subsequent months. The predictability of ECC returns outperforms alternative confidence indicators...
| Published in: | Humanities & Social Sciences Communications |
|---|---|
| Main Authors: | , |
| Format: | Article |
| Language: | English |
| Published: |
Springer Nature
2024-09-01
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| Online Access: | https://doi.org/10.1057/s41599-024-03705-y |