Green intent or black smoke: Exploring investor sentiment on sustainable development
研究使用分位数关联方法分析化石燃料、绿色债券和投资者情绪之间的动态风险溢出，发现极端情况下化石燃料是主要风险源，投资者情绪易受市场风险影响，绿色债券角色在发送和接收风险间转换。
Abstract The connections among fossil fuels, green bonds, and investors have undergone a substantial alteration due to the daunting difficulties posed by climate change risks and energy problems. This study employs quantile connection approaches to the dynamic spillover. The results indicate that extreme quantiles exhibit a higher degree of connectivity compared to the average quantile. In severe circumstances, risk spillover primarily emanates from fossil fuels, whereas investor sentiment (IS) is more vulnerable to the impact of related market hazards. The green bond (GBI) experiences a transition in its function, alternating between being a transmitter and a receiver. To summarise, comprehending the interrelation among these variables offers fresh perspectives for investment decision‐making and policy development to facilitate the shift towards sustainable energy and tackle the climate emergency.