Riesgo Climático y su Efecto en el Comportamiento del Mercado Bursátil en Colombia: Un enfoque cuantitativo

Luis Ángel Meneses Cerón; Aymer Román Barrera; Camilo Andrés Pérez Pacheco

doi:10.22490/ECACEN.8228

No. 1 (2024)

Published

2024-06-17

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Meneses Cerón , L. Ángel, Román Barrera, A., & Pérez Pacheco, C. A. (2024). Climate Risk and Its Effect on the Behavior of the Stock Market in Colombia: A Quantitative Approach.: Un enfoque cuantitativo. Documentos De Trabajo ECACEN, 1, 30-46. https://doi.org/10.22490/ECACEN.8228

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Climate Risk and Its Effect on the Behavior of the Stock Market in Colombia: A Quantitative Approach.

DOI: https://doi.org/10.22490/ECACEN.8228

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Artículos

Luis Ángel Meneses Cerón Universidad Nacional Abierta y a Distancia

Aymer Román Barrera Universidad Nacional Abierta y a Distancia

Camilo Andrés Pérez Pacheco Universidad Nacional Abierta y a Distancia

The analysis of climate risk is of utmost relevance in the current economic and business context. Understanding how extreme weather conditions influence the behavior of the stock market is essential for a variety of stakeholders, including investors, businesses, and policymakers. This knowledge not only facilitates anticipation and effective management of climate risks, thereby protecting investments and reinforcing financial stability, but also promotes the adoption of mitigation and adaptation measures to address climate challenges at both business and systemic levels.This study examines the relationship between climate risk and stock market behavior, with a specific focus on the S&P 500, MILA, and COLCAP indices. Using a quantitative approach, a linear regression model was employed to assess the potential impact of climate risk on stock market performance. The results shed light on the level of vulnerability of the Colombian stock market to climate risk, providing valuable insights into the potential short- and long-term effects of environmental uncertainties on market dynamics. This study contributes to the growing body of literature addressing the intersection of climate risk and financial markets, particularly in the context of an emerging economy like Colombia.

climate risk, stock market behavior, COLCAP index, quantitative analysis, linear regression

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Climate Risk and Its Effect on the Behavior of the Stock Market in Colombia: A Quantitative Approach.

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