投资者关注对碳交易市场的影响研究  

Research on the Impact of Investors Attention on the Carbon Trading Market

作　　者：张旭[1] 于谦龙[1] ZHANG Xu;YU Qianlong(Business School,University of Shanghai for Science and Technology,Shanghai 200093,China)

机构地区：[1]上海理工大学管理学院,上海200093

出　　处：《科技与经济》2023年第3期81-85,共5页Science & Technology and Economy

摘　　要：在“碳中和”“碳达峰”背景下,作为对碳控制减排的重要角色,碳交易市场发挥着不可替代的作用,逐步由试点区域迈向全国性,引来了越来越多的投资者关注。社交网络活动的存在可以提供有用的信息,对股票市场价格的预测有所改善。利用投资者关注度和国内外碳交易指数的每日数据,实证研究投资者关注度与碳交易市场表现之间的联系。研究发现,投资者关注度会影响碳交易市场的回报,这种关系随时间变化而变化。投资者关注不仅可以作为股票市场的信息来源,还可以作为碳交易市场的信息来源。Under the background of“carbon neutralization and carbon peaking”,as an important role in carbon control and emission reduction,the carbon trading market plays an irreplaceable role.It has moved from a pilot region to the whole nation,attracting attention of more and more investors.The existence of social networking activities has improved the prediction of stock market prices,because social networking can provide useful information.This paper is an empirical study on the relationship between investors attention and the performance of the carbon trading market.Using the daily data of investors attention and domestic and foreign carbon trading indexes,it is found that investors attention will affect the return of the carbon trading market,and this relationship changes over time.Investors attention can be used not only as a source of information for the stock market,but also as a source of information for the carbon trading market.

关 键 词：投资者关注度 碳交易市场 交易指数 VAR模型 

分 类 号：X196[环境科学与工程—环境科学] F832.5[经济管理—金融学]