<p>This study closely investigates the complex interactions between all the determinants of financial stability, mainly paying attention to the impact of climate variability and the observed uncertainty level of the COVID-19 pandemic on investors' behavior in the Asia emerging Pakistan and China stock markets. The data was collected from 336 participants from these Asian emerging stock market. The data were analyzed through structural equation modeling (SEM) in Smart PLS 3.3.2 software. The results signify that financial stability is positively linked with climate change and further affects investor behavior. Moreover, the findings also uncover a positive mediating effect of climate change on investors' behavior in the face of observed uncertainties. Conversely, the study revealed an inverse correlation between observed uncertainties and investors' decisions in Asia's emerging stock market. The finding justifies significant insights for substantial stakeholders including i.e. investors, speculators, government, regulatory bodies, practitioners, and agricultural and industries management.</p>

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Financial stability and investor behavior amid climate and COVID-19 uncertainties: evidence from Asian emerging markets

  • Naveed Jan,
  • Waheed Ullah Shah,
  • Magdalena Radulescu,
  • Branimir Kalas

摘要

This study closely investigates the complex interactions between all the determinants of financial stability, mainly paying attention to the impact of climate variability and the observed uncertainty level of the COVID-19 pandemic on investors' behavior in the Asia emerging Pakistan and China stock markets. The data was collected from 336 participants from these Asian emerging stock market. The data were analyzed through structural equation modeling (SEM) in Smart PLS 3.3.2 software. The results signify that financial stability is positively linked with climate change and further affects investor behavior. Moreover, the findings also uncover a positive mediating effect of climate change on investors' behavior in the face of observed uncertainties. Conversely, the study revealed an inverse correlation between observed uncertainties and investors' decisions in Asia's emerging stock market. The finding justifies significant insights for substantial stakeholders including i.e. investors, speculators, government, regulatory bodies, practitioners, and agricultural and industries management.