<scp>COVID</scp>‐19 Pandemic and<scp>CO</scp><sub>2</sub>Emission in the<scp>U</scp>nited<scp>S</scp>tates: A Sectoral Analysis

Salisu, Afees A.; Oloko, Tirimisiyu F.; Adediran, Idris A.

doi:10.1002/9783527832521.ch14

Cited by 2 publications

(2 citation statements)

References 32 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…They argued that the GFI appeared to be the right predictor of stock returns in the period of the COVID‐19. Other studies on UPE include Salisu, Raheem, and Eigbiremolen (2020), Salisu, Lasisi, and Olaniran (2021), Salisu, Oloko, and Adediran (2021), Salisu and Sikiru (2021) and Padhan and Prabheesh (2021).…”

Section: Literature Reviewmentioning

confidence: 99%

Stock markets response to contagious disease: Evidence on the impact of COVID‐19 in the three worst hit African economies

Kumeka¹,

Adeniyi

2022

Int. J Fin Econ

View full text Add to dashboard Cite

This study analyses whether Coronavirus health shocks and government responses in terms of lockdown policy and stringency measures impact stock markets in Africa. We found that stock markets appeared to be more negatively responsive to growth in total number of COVID‐19 reported cases than the growth in deaths in the case of Nigeria and South Africa. While for Egypt, the stock market reacted significantly negative to both COVID‐19‐related indicators. Our results further show that government stringency policy has significant negative effect on stock market returns in the case of Nigeria and South Africa, but positive in the case of Egypt.

show abstract

Section: Literature Reviewmentioning

confidence: 99%

Stock markets response to contagious disease: Evidence on the impact of COVID‐19 in the three worst hit African economies

Kumeka¹,

Adeniyi

2022

Int. J Fin Econ

View full text Add to dashboard Cite

show abstract

“…Besides, the international financial environment is increasingly facing higher market risks especially due to several factors including crude oil price fluctuations, policy uncertainties and the COVID-19 pandemic, among others (see Salisu, Ogbonna, Oloko, & Adediran, 2021; Boubaker, Goodell, Pandey, & Kumari, 2022; Boungou & Yatié, 2022; Salisu, Tchankam, & Adediran, 2022 and relevant papers cited therein). For example, the oil shock of April 2020, which occurred during the height of the COVID-19 pandemic, may have contributed to instability in the oil market, which has become more volatile, particularly with respect to price (see Salisu, Oloko, & Adediran, 2021). We look at oil price volatility more closely in this paper.…”

Section: Introductionmentioning

confidence: 99%

Hedging potentials of green investments against climate and oil market risks

Adediran¹,

Swaray

Orekoya³

et al. 2023

FREP

Self Cite

View full text Add to dashboard Cite

PurposeThis study aims to examine the ability of clean energy stocks to provide cover for investors against market risks related to climate change and disturbances in the oil market.Design/methodology/approachThe study adopts the feasible quasi generalized least squares technique to estimate a predictive model based on Westerlund and Narayan’s (2015) approach to evaluating the hedging effectiveness of clean energy stocks. The out-of-sample forecast evaluations of the oil risk-based and climate risk-based clean energy predictive models are explored using Clark and West’s model (2007) and a modified Diebold & Mariano forecast evaluation test for nested and non-nested models, respectively.FindingsThe study finds ample evidence that clean energy stocks may hedge against oil market risks. This result is robust to alternative measures of oil risk and holds when applied to data from the COVID-19 pandemic. In contrast, the hedging effectiveness of clean energy against climate risks is limited to 4 of the 6 clean energy indices and restricted to climate risk measured with climate policy uncertainty.Originality/valueThe study contributes to the literature by providing extensive analysis of hedging effectiveness of several clean energy indices (global, the United States (US), Europe and Asia) and sectoral clean energy indices (solar and wind) against oil market and climate risks using various measures of oil risk (WTI (West Texas intermediate) and Brent volatility) and climate risk (climate policy uncertainty and energy and environmental regulation) as predictors. It also conducts forecast evaluations of the clean energy predictive models for nested and non-nested models.

show abstract

COVID‐19 Pandemic andCO₂Emission in theUnitedStates: A Sectoral Analysis

Cited by 2 publications

References 32 publications

Stock markets response to contagious disease: Evidence on the impact of COVID‐19 in the three worst hit African economies

Stock markets response to contagious disease: Evidence on the impact of COVID‐19 in the three worst hit African economies

Hedging potentials of green investments against climate and oil market risks

Contact Info

Product

Resources

About

COVID‐19 Pandemic andCO2Emission in theUnitedStates: A Sectoral Analysis

Cited by 2 publications

References 32 publications

Stock markets response to contagious disease: Evidence on the impact of COVID‐19 in the three worst hit African economies

Stock markets response to contagious disease: Evidence on the impact of COVID‐19 in the three worst hit African economies

Hedging potentials of green investments against climate and oil market risks

Contact Info

Product

Resources

About

COVID‐19 Pandemic andCO₂Emission in theUnitedStates: A Sectoral Analysis