Volatility Risk Premium, Return Predictability, and ESG Sentiment: Evidence from China’s Spots and Options’ Markets

Table 6

Summary statistics of subsample volatility series.

	Mean	Median	Maximum	Minimum	Std. Dev.	Skewness	Kurtosis	Observations
Panel A: Daily
RVOL	0.1248	0.1181	0.2781	0.0698	0.0414	1.8420	7.3831	461
iVIX	0.1484	0.1467	0.3306	0.0831	0.0367	1.0179	5.2484	461
BSVOL	0.1312	0.1284	0.3473	0.0397	0.0428	0.8897	5.2725	461
MFVOL	0.1636	0.1619	0.2956	0.0719	0.0377	0.3412	3.4569	461
Panel B: Monthly
RVOL	0.1240	0.1190	0.2778	0.0754	0.0418	2.1604	9.0521	23
iVIX	0.1506	0.1506	0.2731	0.0909	0.0390	1.2105	5.4360	23
BSVOL	0.1369	0.1401	0.2683	0.0621	0.0434	0.8739	4.8974	23
MFVOL	0.1643	0.1601	0.2445	0.1024	0.0337	0.3189	2.9931	23