Mitigating the destructive outcome of negative environmental stock market behaviours on environmental health security in China

IF 3.8 Q1 BUSINESS, FINANCE Journal of Sustainable Finance & Investment Pub Date : 2022-07-03 DOI:10.1080/20430795.2020.1809291
Henry Asante Antwi
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Abstract

Environmental health security as a developmental goal is directly linked to environmental quality across the globe. China believes that maintaining an attractive, stable and profitable environmenta...
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缓解负面环境股票市场行为对中国环境健康安全的破坏性后果
环境健康安全作为一项发展目标与全球环境质量直接相关。中国认为,保持一个有吸引力、稳定和盈利的环保股票市场,可以为国家环保举措提供所需的私营部门支持。然而,中国的环保股票市场相对于其他国家来说是不稳定的,并且高度容易受到投资者频繁和同时大规模转移到认为更安全股票的影响。本研究分析了环境类股票投资者在中国股市偶发震荡时集体撤离的程度。使用四个稳健的计量经济模型分析了被归类为KGRM MSCI中国IMI环境10/40指数的环保股。根据其中三个模型的结果,该研究表明,投资者中普遍存在羊群行为。如果这种情况持续下去,将对环保资金流动产生负面影响,影响中国的环境健康安全。
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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来源期刊
CiteScore
10.60
自引率
7.00%
发文量
55
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