Sustainable Markets and Abnormal Weather: Exploring the Impact of Climate Risks on Sustainable Investing in Turkey

dc.contributor.authorYilmaz Arslan, Sena
dc.coverage.doi10.3726/b21415
dc.date.accessioned2025-02-20T08:42:25Z
dc.date.available2025-02-20T08:42:25Z
dc.date.issued2023
dc.departmentTürk-Alman Üniversitesien_US
dc.description.abstractGlobal warming, as a result of climate change, has important economic and financial effects on society. But these effects are not fully explored yet. The risks related to climate change are categorized into physical and transition risks. Since Turkey is one of the countries currently impacted by the physical dangers of climate change, the study's objective is to advance awareness of the financial effects of those risks. Specifically, this study explores how investor preferences and attitudes toward sustainable investments are affected by physical climate risks in the context of the Salience Theory. Physical climate risks are measured using temperature anomalies and precipitation anomalies. The trading volume of the BIST Sustainability Index is used as a proxy for sustainable investing. The results indicate that there is no relationship between abnormal weather and the trading volume of the BIST Sustainability Index, implying that abnormal weather does not lead to a change in investors' decisions.
dc.identifier.endpage89en_US
dc.identifier.isbn978-3-631-90581-4
dc.identifier.isbn978-3-631-90582-1
dc.identifier.startpage77en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12846/1690
dc.identifier.wosWOS:001194669900005
dc.indekslendigikaynakWeb of Science
dc.institutionauthorYilmaz Arslan, Sena
dc.language.isoen
dc.publisherPeter Lang Gmbh
dc.relation.ispartofSustainable Finance: Challenges, Opportunities and Future Prospects
dc.relation.publicationcategoryKitap Bölümü - Uluslararası
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WOS_20250220
dc.subjectSustainabilityen_US
dc.subjectClimate Changeen_US
dc.subjectClimate Financeen_US
dc.subjectClimate Risken_US
dc.subjectPhysical Risken_US
dc.titleSustainable Markets and Abnormal Weather: Exploring the Impact of Climate Risks on Sustainable Investing in Turkey
dc.typeBook Part

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