Abstract

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.

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