Journal of Futures Markets,
Journal Year:
2024,
Volume and Issue:
44(5), P. 699 - 719
Published: Feb. 4, 2024
Abstract
This
study
employs
a
time‐varying
parameter
vector
autoregression
methodology
with
the
Diebold
and
Yilmaz
spillover
index
to
scrutinize
temporal
fluctuations
in
volatility
spillovers
between
Chinese
coal
metal
markets.
The
analysis
is
conducted
from
dual
perspectives
of
security
indices
futures
prices.
findings
reveal
robust
correlation
markets,
market
serving
as
primary
conduit
for
into
market.
Furthermore,
this
investigates
time‐specific
impacts
decommissioning
policies,
COVID‐19
pandemic,
supply
crisis
on
coal–metal
spillovers.
indicate
that
these
three
unique
shocks
significantly
increase
overall
risk
Moreover,
during
exceptional
events,
extent
or
role
undergoes
varying
degrees
change.
On
basis
findings,
article
presents
pertinent
policy
recommendations.
Humanities and Social Sciences Communications,
Journal Year:
2023,
Volume and Issue:
10(1)
Published: July 24, 2023
Abstract
Based
on
the
staggered
difference-in-difference
(DID)
model,
this
paper
uses
Chinese
listed
firms
between
2012
and
2020
to
investigate
impact
of
green
bond
issuance
corporate
environmental,
social
governance
(ESG)
performance.
We
provide
evidence
that
positively
enhances
ESG
Green
mainly
promotes
performance
through
internal
attention
effect
external
supervision
effect.
Moreover,
positive
correlation
is
more
prominent
among
companies
with
larger
size,
higher
government
subsidies
executives
environmental
experience.
The
extended
analysis
shows
can
promote
enhancement
firm
valuation.
This
study
provides
theoretical
guidance
for
use
financial
systems
Energy Economics,
Journal Year:
2024,
Volume and Issue:
136, P. 107729 - 107729
Published: June 24, 2024
The
study
employs
novel
empirical
approaches,
namely
wavelet
quantile
correlation
(WQC)
and
cross-quantilogram
analysis,
to
examine
the
interrelationship
between
green
bonds
(GB),
clean
energy
(GCE),
socially
responsible
stocks
(ESG),
variants
of
oil
shocks
during
period
spanning
from
June
28th,
2013
1st,
2023.
Empirical
findings
WQC
highlight
consistent
diversification
benefits
GB
against
across
various
market
conditions
at
both
short
long
timescales,
while
hedge
property
is
evident
only
in
timescales.
GCE
reveals
safe
haven
response
diversifier
exists
for
ESG
show
turbulence
period.
Moreover,
these
noted
over
medium-
long-term
horizon.
Results
analysis
reinforce
properties
GCE,
along
with
characteristics
timescales
conditions.
These
offer
valuable
suggestions
investors
interested
investing
sustainable
context
a
volatile
market.
International Journal of Finance & Economics,
Journal Year:
2024,
Volume and Issue:
unknown
Published: May 8, 2024
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
energy
problems.
This
study
employs
quantile
connection
approaches
dynamic
spillover.
results
indicate
that
extreme
quantiles
exhibit
higher
degree
of
connectivity
compared
average
quantile.
In
severe
circumstances,
risk
spillover
primarily
emanates
from
whereas
investor
sentiment
(IS)
is
more
vulnerable
impact
related
market
hazards.
bond
(GBI)
experiences
transition
in
its
function,
alternating
between
being
transmitter
receiver.
To
summarise,
comprehending
interrelation
these
variables
offers
fresh
perspectives
for
investment
decision‐making
policy
development
facilitate
shift
towards
sustainable
tackle
emergency.
International Journal of Finance & Economics,
Journal Year:
2024,
Volume and Issue:
unknown
Published: Feb. 19, 2024
Abstract
This
study
analyses
the
financialisation
of
carbon
market
and
its
possible
external
shocks,
with
a
focus
on
European
Union
Emissions
Trading
System
(EU
ETS),
by
investigating
quantile
dependence
influence
paths
from
stage
three
onwards.
To
achieve
this,
we
construct
theoretical
model
five
factors
related
to
empirically
investigate
significant
influencing
their
under
different
quantiles
using
group
Least
Absolute
Shrinkage
Selection
Operator
(LASSO)
regression
models.
We
find
that
price
WTI
crude
oil
risk‐aversion
index
have
effect
EU
ETS
at
extremely
high
quantiles.
Factors
such
as
price,
precipitation,
average
share
thermal
power
companies,
federal
funds
rate
statistically
impact
medium
However,
no
low
quantiles,
indicating
policy
instruments
are
necessary
effectively
regulate
operation
market.
Therefore,
it
is
crucial
for
stakeholders
pay
close
attention
these
adapt
changing
conditions.
