Safe havens in Islamic financial markets: COVID-19 versus GFC

Hassan, M. Kabir; Djajadikerta, Hadrian Geri; Choudhury, Tonmoy; Kamran, Muhammad

doi:10.1016/j.gfj.2021.100643

Cited by 72 publications

(70 citation statements)

References 55 publications

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“…Considering the time span of this study i.e., 2006–2017, we couldn’t accommodate COVID-19 span or test the validity of our results to COVID-19 exogenous shock. However, due to its similarity with GFC in causing economic upheaval and posing an enormous risk to the financial markets (Kinateder et al 2021 ; Hassan et al 2021 ), we tested the robustness of our results to the exogenous shock of GFC which started in 2007 and lasted until mid-2009. To this end, we estimated 2SLS models after excluding 2007, 2008, and 2009 separately in three models.…”

Section: Robustness Testsmentioning

confidence: 99%

Can Banks Sustain the Growth in Renewable Energy Supply? An International Evidence

et al. 2021

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Section: Robustness Testsmentioning

confidence: 99%

Can Banks Sustain the Growth in Renewable Energy Supply? An International Evidence

et al. 2021

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“…The world economy and financial sectors have experienced significant changes during the current global pandemic [49,50]. A strong and resilient banking system is the foundation for sustainable economic growth, as banks are the hubs for credit intermediation and a well-acknowledged connection for service activities [51].…”

Section: Discussionmentioning

confidence: 99%

Non-Traditional Systemic Risk Contagion within the Chinese Banking Industry

et al. 2021

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Systemic risk contagion is a key issue in the banking sector in maintaining financial system stability. This study is among the first few to use three different distance-to-risk measures to empirically assess the domestic interbank linkages and systemic contagion risk of the Chinese banking industry, by using bivariate dynamic conditional correlation GARCH model on data collected from eight prominent Chinese banks for the period 2006–2018. The results show a relatively high correlation among almost all the banks, suggesting an interconnectedness among the banks. We found evidence that the banking system is exposed to significant domestic contagion risks arising from systemic defaults. Given that Chinese markets deliver weak signals of forthcoming stress in banking sectors, new policy intervention is crucial to resolve the hidden stress in the system. The results have important policy implications and will provide scholars and policymakers further insight into the risk contagion originating from interbank networks.

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“…MSWM should be reformed, where private organizations should strictly adopt the economic and hygienic concerns of the workforce as recommended by governing institutions. For instance, the role of economic institutions is strongly correlated with the current pandemic crisis (Kinateder et al 2021;Hassan et al 2021). This recommendation can be achieved by adding strict requirements for private firms (enterprises) to train and provide facilitating conditions to each frontline MSWC for achieving each task.…”

Section: Practical Implicationsmentioning

confidence: 99%

“…The negative consequences of COVID-19 have spread across economic, social, and psychological aspects globally (Ahorsu et al 2020). These consequences have a tremendous negative effect on human lives, financial markets, and the global economy (Hassan et al 2021). One huge challenge that is relevant to people's lives is a sharp increase in the quantity and composition of municipal solid waste (MSW; Hantoko et al 2021;Torkashvand et al 2021).…”

Section: Introductionmentioning

confidence: 99%

Health concerns among waste collectors during pandemic crisis

Asmi

Anwar

et al. 2021

Environ Sci Pollut Res

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The COVID-19 pandemic has negatively affected the economic, social, and psychological aspects globally. COVID-19 can possibly spread through municipal solid waste (MSW) if it is collected, bagged, transported, and disposed inappropriately. Such situation has posed significant challenges to MSW management (MSWM), which has led waste personnel under massive pressure. This study aims to examine the health-protective behavior of sanitation workers/MSW collectors (MSWCs) during the COVID-19 crisis. Quantitative data were collected by using a self-administered survey from 418 MSWCs working in Mainland China. The study extended the traditional health-belief model and proposed education and training as a facet of the behavioral model. Result showed that education and training were a significant predictor of health-protective behavior. Moreover, the moderating incremental influence of regulative assistance significantly affected the behavioral mapping of MSWCs. This study contributes to the literature by mapping the concerns, risks, and challenges experienced by MSWCs in times of a health crisis. Policymakers should specially consider the safety and hygiene concerns of frontline workforce in the whole chain of waste management (including the outsourced operations of MSWM). Lastly, the adoption of smart communication with the frontline workforce (i.e., MSWCs) is in dire need to maintain trust and avoid rumors and misconceptions during the time of a pandemic situation.

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Safe havens in Islamic financial markets: COVID-19 versus GFC

Cited by 72 publications

References 55 publications

Can Banks Sustain the Growth in Renewable Energy Supply? An International Evidence

Can Banks Sustain the Growth in Renewable Energy Supply? An International Evidence

Non-Traditional Systemic Risk Contagion within the Chinese Banking Industry

Health concerns among waste collectors during pandemic crisis

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