Blockchain market and eco-friendly financial assets: Dynamic price correlation, connectedness and spillovers with portfolio implications

Abakah, Emmanuel Joel Aikins; Ullah, G. M. Wali; Adekoya, Oluwasegun B.; Bonsu, Christiana Osei; Abdullah, Mohammad

doi:10.1016/j.iref.2023.04.028

Cited by 21 publications

(5 citation statements)

References 92 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…However, it is crucial to understand the potential negative environmental implications of the blockchain market and how they can affect eco-friendly financial assets. The findings in [69] shed light on the correlation and connectedness between the blockchain market and green financial assets. Understanding these dynamics is crucial for portfolio analysis and risk management, as it provides insights into the potential transmission of shocks from the blockchain market to eco-friendly investments.…”

Section: Bibliographic Coupling Analysis Of Authorsmentioning

confidence: 85%

“…The network analysis reveals the involvement of 247 authors and the formation of 17 links distributed among five clusters. Although these clusters exhibit considerable dispersion, several research co-authorships can be discerned, such as Naeem [47,68], Tiwari [52], Abakah [29,69], Bouri [70,71], and Elsayed [54]. This visual representation offers insights into the existence and characteristics of collaborative networks.…”

Section: Co-author Analysismentioning

confidence: 99%

“…The Figure 18b, with at least two studies published in the journal as a criterion, offers a visual representation that identifies the leading authors on the analyzed topic, yielding 99 authors from a total of 247 authors; it includes five items and three clusters: red, blue, and green. The red cluster includes the authors Pham [75], Abakah [29], and Abakah et al [69]. Then, for example, the study by [69] examined the dynamic price correlation and connectedness between the blockchain market and green (eco-friendly) financial assets.…”

Section: Bibliographic Coupling Analysis Of Authorsmentioning

confidence: 99%

“…The red cluster includes the authors Pham [75], Abakah [29], and Abakah et al [69]. Then, for example, the study by [69] examined the dynamic price correlation and connectedness between the blockchain market and green (eco-friendly) financial assets. With the rise of blockchain technology, digital assets such as cryptocurrencies, DeFi (Decentralized Finance), and NFTs (Non-Fungible Tokens) have garnered substantial attention from investors and policymakers.…”

Section: Bibliographic Coupling Analysis Of Authorsmentioning

confidence: 99%

See 3 more Smart Citations

Incorporating Green Bonds into Portfolio Investments: Recent Trends and Further Research

Marín-Rodríguez,

González-Ruiz,

Valencia-Arias

2023

Sustainability

View full text Add to dashboard Cite

The analysis of green bonds and the composition of portfolio investments has gained importance in recent research. The current global context of Sustainable Development Goals requires investors to be environmentally, politically, and socially sustainable, in which the financing of green innovations has occupied a central role. Through the Web of Science and Scopus databases, we focused on analyzing recent trends and further research on green bonds into portfolio investments. The study was performed on 102 studies using Tree of Science (ToS), VOSviewer, and Bibliometrix techniques. We recognize the principal authors and sources, the most influential studies, and the bibliography coupling of studies and authors to identify their importance in the topic analysis. In order to expand the green bond market, particularly at the small and medium enterprise level, more policy instruments are needed. Thus, this study provides an extensive understanding of the research status of the analysis of green bonds and portfolio investments research as an essential input for market participants, researchers, policymakers, and decision-makers.

show abstract

Section: Bibliographic Coupling Analysis Of Authorsmentioning

confidence: 85%

Section: Co-author Analysismentioning

confidence: 99%

Section: Bibliographic Coupling Analysis Of Authorsmentioning

confidence: 99%

Section: Bibliographic Coupling Analysis Of Authorsmentioning

confidence: 99%

See 2 more Smart Citations

Incorporating Green Bonds into Portfolio Investments: Recent Trends and Further Research

Marín-Rodríguez,

González-Ruiz,

Valencia-Arias

2023

Sustainability

View full text Add to dashboard Cite

show abstract

“…Diebold and Yilmaz [19][20][21] introduced a method to quantitatively measure spillover effects through connectedness based on the variance decomposition of vector autoregression forecast errors. Another strand of the literature utilizes the Diebold and Yilmaz [19][20][21] approach and its various extensions to study bilateral and multilateral spillovers between different assets in the commodity and stock markets [10,17,24,25,32,[47][48][49][50][51][52][53][54]. Additionally, with the decline in diversified returns in the stock market, equity investors have become more proactive in seeking hedging positions in commodity assets during turbulent periods.…”

Section: Brief Literature Reviewmentioning

confidence: 99%

Dynamic asymmetric spillovers and connectedness between Chinese sectoral commodities and industry stock markets

Lou,

Xiao,

Lian

2024

PLoS ONE

View full text Add to dashboard Cite

This study investigates the dynamic and asymmetric propagation of return spillovers between sectoral commodities and industry stock markets in China. Using a daily dataset from February 2007 to July 2022, we employ a time-varying vector autoregressive (TVP-VAR) model to examine the asymmetric return spillovers and dynamic connectedness across sectors. The results reveal significant time-varying spillovers among these sectors, with the industry stocks acting as the primary transmitter of information to the commodity market. Materials, energy, and industrials stock sectors contribute significantly to these spillovers due to their close ties to commodity production and processing. The study also identifies significant asymmetric spillovers with bad returns dominating, influenced by major economic and political events such as the 2008 global financial crisis, the 2015 Chinese stock market crisis, the COVID-19 pandemic, and the Russia-Ukraine war. Furthermore, our study highlights the unique dynamics within the Chinese market, where net information spillovers from the stock market to commodities drive the financialization process, which differs from the bidirectional commodity financialization observed in other markets. Finally, portfolio analysis reveals that the minimum connectedness portfolio outperforms other approaches and effectively reflects asymmetries. Understanding these dynamics and sectoral heterogeneities has important implications for risk management, policy development, and trading practices.

show abstract

Correlation and price spillover effects among green assets

Tiwari,

Kumar,

Abakah

2024

Ann Oper Res

View full text Add to dashboard Cite

Blockchain market and eco-friendly financial assets: Dynamic price correlation, connectedness and spillovers with portfolio implications

Cited by 21 publications

References 92 publications

Incorporating Green Bonds into Portfolio Investments: Recent Trends and Further Research

Incorporating Green Bonds into Portfolio Investments: Recent Trends and Further Research

Dynamic asymmetric spillovers and connectedness between Chinese sectoral commodities and industry stock markets

Correlation and price spillover effects among green assets

Contact Info

Product

Resources

About