Borsa Istanbul Review,
Год журнала:
2023,
Номер
23(3), С. 628 - 646
Опубликована: Янв. 20, 2023
Using
the
implementation
of
"Guidelines
for
Establishing
Green
Financial
System"
(GEGFS)
released
in
China
2016
as
a
natural
experiment,
we
adopt
difference-in-differences
(DID)
method
to
explore
influence
green
finance
(GF)
policy
on
transition
enterprises
(GTE)
from
perspective
its
market-oriented
governance
mechanism.
We
obtain
three
findings
our
empirical
results.
First,
GF
can
significantly
drive
GTE
through
providing
governance.
Second,
by
drives
via
two
channels:
oversight
and
Third,
promotional
effect
is
greater
areas
with
strong
environmental
state,
at
firms
less
public
oversight,
that
actively
disclose
information.
Our
results
not
only
enrich
relevant
literature
but
shed
light
how
extent
which
help
achieve
economy
use
Applied Economics,
Год журнала:
2023,
Номер
56(3), С. 286 - 300
Опубликована: Янв. 16, 2023
This
paper
examines
the
time-varying
spillover
effects
and
connectedness
of
Bitcoin
price
with
clean
renewable
energy
stocks
using
quantile
VAR
framework.
We
use
daily
indices
spanning
from
1
January
2014,
to
18
October
2022.
Before
probing
between
markets
examined,
we
first
examine
mean-based
averaged
connectedness.
These
results
indicate
that
receives
more
shocks
in
system
than
it
transmits.
Additionally,
emerges
as
a
net
receiver
return
index
evolution
among
driven
mainly
by
own
shocks.
Shifting
obtained
QVAR
approach,
evidence
reveals
acts
recipient
under
different
quantiles
system.
In
addition,
returns
strongly
correlate
stock
extreme
events.
also
confirm
dominance
over
magnitude
their
is
time
event
dependent.
findings
diversification
potential
safe-haven
properties
for
portfolio
investors.
Borsa Istanbul Review,
Год журнала:
2023,
Номер
23(3), С. 628 - 646
Опубликована: Янв. 20, 2023
Using
the
implementation
of
"Guidelines
for
Establishing
Green
Financial
System"
(GEGFS)
released
in
China
2016
as
a
natural
experiment,
we
adopt
difference-in-differences
(DID)
method
to
explore
influence
green
finance
(GF)
policy
on
transition
enterprises
(GTE)
from
perspective
its
market-oriented
governance
mechanism.
We
obtain
three
findings
our
empirical
results.
First,
GF
can
significantly
drive
GTE
through
providing
governance.
Second,
by
drives
via
two
channels:
oversight
and
Third,
promotional
effect
is
greater
areas
with
strong
environmental
state,
at
firms
less
public
oversight,
that
actively
disclose
information.
Our
results
not
only
enrich
relevant
literature
but
shed
light
how
extent
which
help
achieve
economy
use
