Who has done a better job in fighting the COVID-19 epidemic? Left or Right?

Wang, Haijie; An, Kang; Zheng, Mingbo

doi:10.1080/1540496x.2021.1908259

Cited by 44 publications

(9 citation statements)

References 53 publications

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“…Corporates with higher stakes in investment institutions are more motivated to improve ESG/CSR performance, because investors demand them to do so (Dyck et al, 2019). In addition, in times of high uncertainty the market suffers from unusual but extreme negative shocks—for example, the 2008 financial crisis and the COVID‐19 pandemic (Feng et al, 2021; Long et al, 2022; Wen et al, 2021; Wang et al, 2021; Hu et al, 2022). Huge negative shocks have devastated the corporates' innovation activities (Wang et al, 2021; Zhao et al, 2022), management activities (Wen et al, 2020), and stock market performance (Chang et al, 2021), but corporates with better ESG/CSR performances can better control their risks and reduce the losses of investors (Broadstock et al, 2021).…”

Section: Literature Reviewmentioning

confidence: 99%

Environmental, social and governance, corporate social responsibility, and stock returns: What are the short‐ and long‐Run relationships?

Guo

Long

Wang

et al. 2022

Corp Soc Responsibility Env

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What are the relationships between corporate environmental, social, and governance (ESG), corporate social responsibility (CSR), and stock returns? Existing research has affirmed the impact of ESG or CSR on stock returns, but the discussion on the cointegration relationship among these three variables is still insufficient. Therefore, we use panel data of ESG ratings, CSR scores, and annual stock returns of 684 Chinese‐listed companies from 2011 to 2020 to verify the relationship between the variables through panel CADF and Westerlund tests. Meanwhile, we use PMG estimation to find that, in the long run, CSR significantly promotes the improvement of corporate stock returns, but ESG hurts the stock returns of most corporates. Further research proves that the impact of ESG on stock returns closely relates to corporate profitability. Our findings provide valuable policy implications for both developing and semi‐efficient market countries to help them improve their ESG and CSR performance.

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Section: Literature Reviewmentioning

confidence: 99%

Environmental, social and governance, corporate social responsibility, and stock returns: What are the short‐ and long‐Run relationships?

Guo

Long

Wang

et al. 2022

Corp Soc Responsibility Env

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“…Detrending moving-average cross-correlation analysis can also present the correlation for possible nonstationary series (Kristoufek 2014 ). As Demir et al ( 2020 ) found a cointegration between cryptocurrencies and COVID‑19 (Wang et al 2021 ; Long et al 2022 ), investigating the effect of COVID-19 on cointegration between cryptocurrency electricity consumption and price would be of interest.…”

Section: Discussionmentioning

confidence: 99%

The transaction behavior of cryptocurrency and electricity consumption

et al. 2023

Self Cite

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Rapidly increasing cryptocurrency prices have encouraged cryptocurrency miners to participate in cryptocurrency production, increasing network hashrates and electricity consumption. Growth in network hashrates has further crowded out small cryptocurrency investors owing to the heightened costs of mining hardware and electricity. These changes prompt cryptocurrency miners to become new investors, leading to cryptocurrency price increases. The potential bidirectional relationship between cryptocurrency price and electricity consumption remains unidentified. Hence, this research thus utilizes July 31 2015–July 12 2019 data from 13 cryptocurrencies to investigate the short- and long-run causal effects between cryptocurrency transaction and electricity consumption. Particularly, we consider structural breaks induced by external shocks through stationary analysis and comovement relationships. Over the examined time period, we found that the series of cryptocurrency transaction and electricity consumption gradually returns to mean convergence after undergoing daily shocks, with prices trending together with hashrates. Transaction fluctuations exert both a temporary effect and permanent influence on electricity consumption. Therefore, owing to the computational power deployed to wherever high profit is found, transactions are vital determinants of electricity consumption.

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“…Because climate change can shift the wind patterns and ocean currents that drive the world’s climate system, some areas are warming more than others, and some have experienced cooling. In addition, the temperature rise also promotes the spread of viruses, such as COVID-19 (coronavirus disease) in 2019 (Chang et al 2021 ; Long et al 2021 ; Wang et al 2021b ). Moreover, the number of extreme weather events is rising, caused by carbon dioxide emissions.…”

Section: Benchmark Model and Variablesmentioning

confidence: 99%