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Climate change and global stock market returns

Author

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  • Whelsy Boungou

    (PSB - Paris School of Business - HESAM - HESAM Université - Communauté d'universités et d'établissements Hautes écoles Sorbonne Arts et métiers université)

  • Alhonita Yatié

    (BSE - Bordeaux sciences économiques - UB - Université de Bordeaux - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement)

Abstract

To the question of whether global stock market indices are sensitive to climate change, the answer is "Yes". Using weekly data from the stock market returns of 97 countries over the period from 31 August 2020 to 18 April 2022, we document a significant negative impact of climate change on the performance of global stock indices.

Suggested Citation

  • Whelsy Boungou & Alhonita Yatié, 2022. "Climate change and global stock market returns," Post-Print hal-04745793, HAL.
    • Handle: RePEc:hal:journl:hal-04745793
    Note: View the original document on HAL open archive server: https://hal.science/hal-04745793v1
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    File URL: https://hal.science/hal-04745793v1/document
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    References listed on IDEAS

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    1. Boungou, Whelsy & Yatié, Alhonita, 2022. "The impact of the Ukraine–Russia war on world stock market returns," Economics Letters, Elsevier, vol. 215(C).
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    Keywords

    Climate change; Stocks; Google;
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