Energy Strategy Reviews,
Год журнала:
2023,
Номер
46, С. 101058 - 101058
Опубликована: Янв. 26, 2023
Much
attention
has
been
paid
to
the
complex
risk
transmission
between
carbon
and
energy
markets
along
with
increasing
global
financial
market
integration.
This
research
thus
uses
DCC-MVGARCH
model
spillover
index
method
investigate
volatility
linkages
European
emissions
markets.
The
results
make
it
clear
that
there
are
indeed
correlations
bidirectional
effects
for
above
two
In
particular,
dramatically
change
when
economic
turbulence
political
events
occur.
Apart
from
strongest
correlation
coal
markets,
effect
renewable
is
gradually
increasing.
role
of
also
changing:
net
information
recipient
becomes
a
transmitter
phase
II
IV.
Therefore,
our
findings
provide
investors
flexible
portfolio
strategies
by
making
full
use
dynamic
gives
decision-making
basis
regulators
improve
market's
management
mechanism.
It
means
should
pay
close
potential
sources.
Further
policy
recommendations
put
forward
in
conclusion
section.
Business Strategy and the Environment,
Год журнала:
2023,
Номер
32(7), С. 5102 - 5118
Опубликована: Март 25, 2023
Abstract
Using
panel
data
from
37
countries
1990
to
2019
and
applying
a
quantile
regression
approach
with
fixed
effects,
we
investigate
the
impact
of
national
Environmental,
Social,
Governance
(ESG)
performance
on
green
innovation
how
this
varies
across
different
capacity
distributions.
The
research
conclusions
are
as
follows.
(1)
National
ESG
improvement
significantly
promotes
innovation.
(2)
environmental
governance
innovation,
but
in
weak
capabilities,
social
reduces
output
(3)
role
promoting
is
stronger
capabilities.
(4)
In
non‐high‐income
countries,
capability
is,
more
obvious
promotion
findings
paper
provide
empirical
evidence
policy
basis
for
governments
focus
improving
commit
activities
effectively.
