| Issue |
SHS Web Conf.
Volume 192, 2024
2024 3rd International Conference on Urban Planning and Regional Economy (UPRE 2024)
|
|
|---|---|---|
| Article Number | 02003 | |
| Number of page(s) | 6 | |
| Section | Regional Economy and Environmental Impact Analysis | |
| DOI | https://doi.org/10.1051/shsconf/202419202003 | |
| Published online | 05 June 2024 | |
Construction of a climate risk index under the media attention perspective and its empirical test for financial market volatility
1 School of Economics, Central University of Finance and Economics, Beijing, China
2 School of Innovative Development, Central University of Finance and Economics, Beijing, China
a 871268816@qq.com
b 1026975515@qq.com
c 2554038265@qq.com
* hbsjzgzk@163.com
Under the current economic situation, China’s economy is steadily moving from the stage of high-speed growth to that of high-quality development. while climate risks arising from global warming are receiving increasing media attention. Media attention has a profound impact on the perception and investment decisions of financial market participants. This paper constructs a climate risk index based on media attention and empirically investigates its relationship with stock volatility. It is found that the climate risk media index significantly affects stock volatility, which provides a theoretical basis for the regulation of financial asset price volatility. Through in-depth study of its influence mechanism, it can provide accurate decision support and risk management strategies for financial market stabilization.
© The Authors, published by EDP Sciences, 2024
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