Risk Transmission and Hedging Strategies Between Chinese Stock Market and Major Trading Partners Along the Belt and Road in COVID-19 Scenario DOI Creative Commons
Hongjun Zeng, Abdullahi D. Ahmed

American Business Review, Год журнала: 2024, Номер 27(2), С. 372 - 400

Опубликована: Ноя. 1, 2024

This paper focuses on the multi-scale spillover and time-varying dependence of Chinese stock market its important trading partners along Belt Road around COVID-19 crisis. We use multiple methods - DY (12) BK (18) connectedness approaches that investigate dynamic frequency connectedness; wavelet coherence CoVaR to examine connection between price lead lags systemic risk spillovers. Our empirical results show spillovers be asymmetric, short-term dominating. Meanwhile, level in system increased sharply after COVID-19. In medium long-term domains, reveals strong co-movement major partners. see highest systematic occurs at beginning outbreak. Finally, weighting effective portfolio rises

Язык: Английский

Connectedness and frequency connection among green bond, cryptocurrency and green energy-related metals around the COVID-19 outbreak DOI Creative Commons
Hongjun Zeng, Qingcheng Huang, Mohammad Zoynul Abedin

и другие.

Research in International Business and Finance, Год журнала: 2024, Номер 73, С. 102547 - 102547

Опубликована: Авг. 30, 2024

Язык: Английский

Процитировано

20

The Bitcoin‐agricultural commodities nexus: Fresh insight from COVID‐19 and 2022 Russia–Ukraine war DOI Creative Commons
Hongjun Zeng, Abdullahi D. Ahmed, Ran Lu

и другие.

Australian Journal of Agricultural and Resource Economics, Год журнала: 2024, Номер 68(3), С. 653 - 677

Опубликована: Май 19, 2024

Abstract This paper investigates the volatility connectedness and dynamic time–frequency relationship between Bitcoin (BTC) 15 major agricultural commodity markets during COVID‐19 2022 Russia–Ukraine war periods. We employ TVP‐VAR‐based extended joint method, minimum investment portfolio, wavelet coherence (WC) method. The results indicate that sudden outbreaks of two crises brought about increased BTC markets. Throughout entire sample period, remained a net transmitter volatility. Moreover, in terms total index (TCI), overall correlation surged rapidly after outbreak war. portfolio demonstrated exhibited low with markets, suggesting diversification potential. Additionally, only Feeder Cattle served as an effective hedging asset for throughout all WC analysis confirmed period war, most linkages were primarily concentrated at medium‐ to long‐term frequencies. Our will contribute deeper understanding interconnection these enabling market participants consider risk mitigation measures support when formulating policies regulations involving relevant future.

Язык: Английский

Процитировано

9

Tail risk contagion and multiscale spillovers in the green finance index and large US technology stocks DOI Creative Commons
Hongjun Zeng, Mohammad Zoynul Abedin, Brian M. Lucey

и другие.

International Review of Financial Analysis, Год журнала: 2024, Номер 97, С. 103865 - 103865

Опубликована: Дек. 9, 2024

Язык: Английский

Процитировано

8

Asymmetric dependency among US national financial conditions and clean energy markets DOI Creative Commons
Hongjun Zeng, Mohammad Zoynul Abedin, Ran Wu

и другие.

Global Finance Journal, Год журнала: 2024, Номер unknown, С. 101046 - 101046

Опубликована: Окт. 1, 2024

Язык: Английский

Процитировано

5

Quartile risk dependence between clean energy markets and the U.S. travel and leisure index DOI Creative Commons
Hongjun Zeng, Mohammad Zoynul Abedin, Abdullahi D. Ahmed

и другие.

Current Issues in Tourism, Год журнала: 2024, Номер unknown, С. 1 - 25

Опубликована: Авг. 9, 2024

We employed the Cross-quantilogram method for first time to assess cross-quantile risk relationship among clean energy market and Dow Jones U.S. Travel & Leisure Index during period from 2014 2023. This investigation aimed explore asymmetric nature of risk-dependence structure. Our findings reveal that, under stability conditions, index exhibited highest correlation with all stocks. However, NASDAQ OMX Geothermal, Solar, Wind Indices significantly decreased longer investment horizons extreme quantiles. Notably, in tail, between specific markets displayed heterogeneity. results have new practical implications policymakers investors who need capture connection indices sector.

Язык: Английский

Процитировано

4

Extreme Events and Quantile Time-frequency Volatility Connectedness across Crude Oil, Green Bonds and Low-Carbon Equity Markets DOI
Jikai Wang, Gaoxiu Qiao

Research in International Business and Finance, Год журнала: 2025, Номер unknown, С. 102905 - 102905

Опубликована: Апрель 1, 2025

Язык: Английский

Процитировано

0

Risk transmission and diversification strategies between US real estate investment trusts (REITs) and green finance indices DOI
Hongjun Zeng

Kybernetes, Год журнала: 2024, Номер unknown

Опубликована: Сен. 12, 2024

Purpose We examined the dynamic volatility connectedness and diversification strategies among US real estate investment trusts (REITs) green finance indices. Design/methodology/approach The DCC-GARCH framework he t-copula model were employed in this study. Findings Using daily data from 2,206 observations spanning 2 January 2015 to 31 2023 paper presents following findings: (1) cross-market spillovers exhibited a high correlation significant fluctuations, particularly during extreme events; (2) our analysis confirmed that REIT acted as net receivers other indices, with S&P North America Large-MidCap Carbon Efficient Index dominating in-network spillover; (3) observation suggests asymmetric between two markets (4) portfolio was conducted using estimate hedging ratios weights for these When Dow Jones Select ESG simultaneously added risk-hedged portfolio, findings indicated no risk-hedging effect could be achieved. Moreover, cost performance of assets found comparable. Originality/value first REITs outcomes study carry practical implications market participants.

Язык: Английский

Процитировано

1

Risk Transmission and Hedging Strategies Between Chinese Stock Market and Major Trading Partners Along the Belt and Road in COVID-19 Scenario DOI Creative Commons
Hongjun Zeng, Abdullahi D. Ahmed

American Business Review, Год журнала: 2024, Номер 27(2), С. 372 - 400

Опубликована: Ноя. 1, 2024

This paper focuses on the multi-scale spillover and time-varying dependence of Chinese stock market its important trading partners along Belt Road around COVID-19 crisis. We use multiple methods - DY (12) BK (18) connectedness approaches that investigate dynamic frequency connectedness; wavelet coherence CoVaR to examine connection between price lead lags systemic risk spillovers. Our empirical results show spillovers be asymmetric, short-term dominating. Meanwhile, level in system increased sharply after COVID-19. In medium long-term domains, reveals strong co-movement major partners. see highest systematic occurs at beginning outbreak. Finally, weighting effective portfolio rises

Язык: Английский

Процитировано

0