Economic Value Added and Traditional Accounting Measures for Shareholder’s Wealth Creation

Panigrahi, Shrikant

doi:10.17576/ajag-2017-08-11

Cited by 12 publications

(5 citation statements)

References 50 publications

(53 reference statements)

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“…In the first step, to tackle homogeneity issues, the study used the unit root test as suggested by [61] for a cointegration modeling process. Once it was confirmed that there was no homogeneity issue and the variables were in the order of interest, a test of the cointegration was examined to know whether the variables were co-integrated or not [58].…”

Section: Statistical Resultsmentioning

confidence: 99%

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Investigating the Dynamic Impact of CO2 Emissions and Economic Growth on Renewable Energy Production: Evidence from FMOLS and DOLS Tests

et al. 2019

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Understanding the dynamic nexus between CO2 emissions and economic growth in the sustainable environment helps the economies in developing resources and formulating apposite energy policies. In the recent past, various studies have explored the nexus between CO2 emissions and economic growth. This study, however, investigates the nexus between renewable energy production, CO2 emissions, and economic growth over the period from 1995 to 2016 for seven Association of Southeast Asian Nations (ASEAN) countries. Fully Modified Ordinary Least Square (FMOLS) and Dynamic Ordinary Least Square (DOLS) methodologies were used to estimate the long- and short-run relationships. The panel results revealed that renewable energy production has a significant long term effect on CO2 emissions for Vietnam (t = −2.990), Thailand (t = −2.505), and Indonesia (t = −2.515), and economic growth impact for Malaysia (t = 2.050), Thailand (t = −2.001), and the Philippines (t = −2.710). It is, therefore, vital that the ASEAN countries implement policies and strategies that ensure energy saving and continuous economic growth without forsaking the environment. This study, as such, recommends that ASEAN countries should take measures to decrease the reliance on fossil fuels for achieving these objectives. Future research should consider the principles of circular economy and clean energy development mechanisms integrated with renewable energy technologies.

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Section: Statistical Resultsmentioning

confidence: 99%

“…The long-term beta coefficient for CO 2 emissions and economic growth were π 1 and π 2 respectively. Since the study was based on panel data, as such, the long-run panel cointegration specifications applied in previous studies [57,58] were employed. The error term ε t was assumed to be identically distributed.…”

Section: Empirical Modelmentioning

confidence: 99%

Investigating the Dynamic Impact of CO2 Emissions and Economic Growth on Renewable Energy Production: Evidence from FMOLS and DOLS Tests

et al. 2019

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“…Table 3 presents the basic characteristics of the variables in the study showing the mean, median, maximum, minimum, standard deviation, skewness, kurtosis, Jarque-bera and probability statistics. The Jarque-bera supported the normal pattern of the variable and represented the peak by kurtosis [35,36]. The mean value of bitcoin was found to be $12302.46 which is quite lower as compared to the current price of $16700 as of 20 December 2022.…”

Section: Resultsmentioning

confidence: 60%

Are Cryptocurrencies Really a Threat to the Financial Stability and Economic Growth? Evidence From the Cointegration Approach

Panigrahi

2023

International Journal of Applied Sciences &Amp; Development

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The main purpose of this paper is to investigate whether the cryptocurrency market affects financial stability and economic growth of India. The study used quarterly data on bitcoin, financial stability, inflation rate, real GDP, economic volatility uncertainty, exchange rate, and market volatility index for the period 2015Q1-2021Q4. The robustness of the findings was confirmed by the fully modified OLS (FMOLS) and canonical cointegration regression (CCR). The study results demonstrated that an increase in cryptocurrency investments will affect the financial stability of India significantly. Each 1% increase in the cryptocurrency would reduce the financial stability by 5% approximately. However, there was a marginal effect of cryptocurrency on economic growth. The results also found that exchange rate volatility and inflationary pressure would also deteriorate the financial stability of the country. Furthermore, the results also identified positive and significant cointegration between economic growth and financial stability. Due to most transactions in the economy being done through the financial system, it is paramount for economic growth. Going forward, aggressive monetary policy tightening, volatility in capital flows and exchange rates, deanchoring of inflation expectations, faltering in the economic recovery, disruptions due to global supply chains and climate change will be the major risks to the financial stability and economic growth of India.

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“…The beta coefficients , , and represent fertiliser consumption, renewable energy consumption and agriculture’s share of GDP, respectively. The data set was in panel form, so the long-run cointegration specifications stated by Perron ( 1989 ) and Panigrahi ( 2017 ) were employed. The error term is assumed to be identically distributed.…”

Section: Methodsmentioning

confidence: 99%

Examining the drivers of agricultural carbon emissions in Africa: an application of FMOLS and DOLS approaches

Zwane

Udimal

Pakmoni

2023

Environ Sci Pollut Res

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The major aim of this study was to investigate the impact of renewable energy consumption and agricultural economic growth on agricultural carbon emissions in Africa for the period 1990–2019. This paper employed panel fully modified ordinary least square (PFMOLS) and dynamic ordinary least square (PDOLS) estimation techniques. The empirical results showed that agriculture growth promote agricultural carbon emissions. More precisely, the results revealed a strong positive and statistical significant impact on agricultural carbon emissions in Africa. On the other hand, the results on quadratic show a negative causal association between agriculture growth and agricultural carbon emissions in Africa. Interestingly, renewable energy consumption was found to have a negative impact on agricultural carbon emissions. On Granger causality, the result shows that there is a unidirectional causality between agriculture growth and agricultural carbon emissions. Based on these findings, we recommend that countries should promote and encourage the use of renewable energy to curb agricultural carbon emissions. There is a need to adopt agricultural practices that have the potential to limit carbon emissions.

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Economic Value Added and Traditional Accounting Measures for Shareholder’s Wealth Creation

Abstract: This paper investigated performance measurement tools and shareholder's wealth relationships in the context

Cited by 12 publications

References 50 publications

Investigating the Dynamic Impact of CO2 Emissions and Economic Growth on Renewable Energy Production: Evidence from FMOLS and DOLS Tests

Investigating the Dynamic Impact of CO2 Emissions and Economic Growth on Renewable Energy Production: Evidence from FMOLS and DOLS Tests

Are Cryptocurrencies Really a Threat to the Financial Stability and Economic Growth? Evidence From the Cointegration Approach

Examining the drivers of agricultural carbon emissions in Africa: an application of FMOLS and DOLS approaches

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