Assessing linkages between alternative energy markets and cryptocurrencies

Naeem, Muhammad Abubakr; Gul, Raazia; Farid, Saqib; Karim, Sitara

doi:10.1016/j.jebo.2023.04.035

Cited by 30 publications

(2 citation statements)

References 54 publications

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“…Minat yang terus meningkat terhadap mata uang kripto ini bersinggungan dengan ketergantungan Indonesia pada sektor energi untuk pertumbuhan dan pembangunan yang berkelanjutan. Memahami interaksi antara investasi mata uang kripto dan volatilitas pasar sangat penting bagi perusahaan energi di Indonesia (Naeem et al, 2023). Penelitian ini menunjukkan bahwa pasar alternatif yang bersih dan mata uang kripto spesifik seperti ETH adalah pemancar risiko bersih ke pasar lain, yang menyoroti potensi konsekuensi bagi perusahaan energi (Anisa et al, 2023).…”

Section: Pendahuluanunclassified

Analisis Dampak Investasi Cryptocurrency dan Volatilitas Pasar terhadap Profitabilitas Perusahaan Energi di Indonesia

Judijanto,

Utami,

Devi

et al. 2024

akunt. keuang.

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This research investigates the impact of Cryptocurrency investments and market volatility on the profitability of energy companies in Indonesia through quantitative analysis. The study involved a sample of 200 participants, including Cryptocurrency investors and executives of energy companies. Analysis of measurement models establishes construct validity and reliability (Cryptocurrency Investment, Market Volatility, and Profitability), and analysis of structural models reveals significant relationships between these variables. Surprisingly, the results showed that increased Cryptocurrency investments and higher market volatility were associated with increased profitability of energy companies. The model fit index confirms the robustness of the proposed model. The findings have implications for investors, policymakers, and industry stakeholders, who emphasize the need for informed decision-making in navigating the ever-evolving landscape of cryptocurrencies and traditional industries.

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Section: Pendahuluanunclassified

Analisis Dampak Investasi Cryptocurrency dan Volatilitas Pasar terhadap Profitabilitas Perusahaan Energi di Indonesia

Judijanto,

Utami,

Devi

et al. 2024

akunt. keuang.

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“…The authors show strong links between sustainable indices and clean cryptocurrencies compared to dirty cryptocurrencies, suggesting that green investors should not incorporate cryptocurrencies into their sustainable portfolios as safe haven assets. In a complementary way, the authors Naeem et al (2023) investigated the dependence between cryptocurrencies and the sustainable energy market in the years 2018 to 2021. The authors found that clean alternative markets (SPGCE, ELEVHC & WILCE) and the ETH are net transmitters of risk to other markets and net contributors throughout the system.…”

Section: Related Studiesmentioning

confidence: 99%

Revolutionizing Green Portfolio Rebalancing: Sustainable Wealth through Innovations in Green Energy

Dias,

Silva

2023

Preprint

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This article explores the relationship between green energy and cryptocurrencies in the sustainable energy finance sector. The research findings contribute to our understanding of the application of green economy practice, enabling investors in financial markets, policymakers, and stakeholders to make informed decisions and develop specific strategies. Adopting the green economy paradigm makes it possible to promote collaboration and innovation by integrating ethical and responsible principles that can improve the overall quality of processes and boost sustainable growth. Cryptocurrencies have been widely used as financial instruments over the last decade. Given the development of the cryptocurrency market and the growing awareness of greener and more energy-efficient tokens, the green economy has become a popular topic for understanding economic and political issues. However, the literature still lacks clear evidence on how cryptocurrencies interact with green energies. Therefore, this study examines the long- and short-term relationships between dirty cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), clean cryptocurrencies such as Cardano (ADA), Ripple (XRP), Stellar (XLM), and green energies such as ISE Clean Edge Global Wind Energy, S&amp;P Global Clean Energy, S&amp;P TSX Renewable Energy and Clean Technology, Solactive China Clean Energy, in the period from January 2020 to September 2023. The results show that diversification is key, with clean cryptocurrencies such as ADA, XLM and XRP offering diversification opportunities alongside "dirty" cryptocurrencies such as BTC and ETH. Although sustainable energy indices show mixed evidence in the long and short term, they remain relevant for those who focus on clean energy investments. It is also becoming increasingly relevant for investors in sustainable portfolios to assess their environmental impact, especially for energy-intensive cryptocurrencies, and it is advisable to explore sustainable blockchain technologies.

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