Economic policy uncertainty and environmental governance company volatility: Evidence from China |
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| Affiliation: | 1. School of Economics and Management, Beijing University of Chemical of Technology, Beijing, China;2. School of Economics and Management, Beijing Jiaotong University, Beijing, China;3. Faculty of Management and Economics, Kunming University of Science and Technology, Kunming, China |
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| 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. |
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| Keywords: | Economic policy uncertainty Environmental governance index COVID-19 pandemic Volatility forecasting |
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