Crypto swings and the performance of carbon-intensive equity funds in China

Umar, Muhammad; Ji, Xiangfeng; Mirza, Nawazish; Li, Haiping

doi:10.1016/j.resourpol.2022.102786

Cited by 21 publications

(4 citation statements)

References 34 publications

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“…emissions of carbon dioxide. Excessive dependence on natural resources further weakens the financial systems of the economy (Park et al, 2018;Umar, Ji, Mirza, & Li, 2022). Explaining compliance with economic development and policy implementation is difficult.…”

Section: Co2 Emission and Financial Developmentmentioning

confidence: 99%

Eco-Friendly Transitions in Top Ten CO2 Producing Countries: A Dynamic Panel Investigation of Green Finance, Technology Transfer and Financial Development for Reducing Environmental Degradation

Shafqat,

Idrees,

Zaman

et al. 2023

iRASD J. Eco.

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This study delves into the imperative challenge of fostering eco-friendly transitions within the top 10 CO2 producing countries, employing a sophisticated dynamic panel investigation. Centered on the pivotal drivers of green finance, technology transfer, and financial development, the research seeks to comprehensively understand their synergistic role in mitigating environmental degradation. Utilizing advanced econometric techniques, notably the Nonlinear Autoregressive Distributed Lag (NARDL) model, the investigation unfolds the intricate dynamics and nonlinear relationships shaping the effectiveness of these transitions over time. The findings not only contribute empirical insights but also bear substantial policy implications. They underscore the necessity for robust regulatory frameworks and international cooperation to incentivize green investments, facilitate technology transfer, and promote financial development geared towards sustainability. In addressing the environmental challenges posed by these leading CO2 emitters, this research advocates for a holistic approach that integrates economic growth with environmental stewardship, thereby paving the way for transformative and resilient eco-friendly practices on a global scale.

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Section: Co2 Emission and Financial Developmentmentioning

confidence: 99%

Eco-Friendly Transitions in Top Ten CO2 Producing Countries: A Dynamic Panel Investigation of Green Finance, Technology Transfer and Financial Development for Reducing Environmental Degradation

Shafqat,

Idrees,

Zaman

et al. 2023

iRASD J. Eco.

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“…The integration of cryptocurrencies in business presents compelling incentives, unknown challenges and risks (Angeline et al, 2021), offering opportunities and posing dilemmas for the accounting and auditing profession (P aunescu, 2018). As their adoption continues to expand (Alsalmi et al, 2023;, it is important to ensure the integration of cryptocurrencies into the global financial landscape (S ¸cheau et al, 2020) and to promote regulatory frameworks that address the environmental and sustainability concerns (Arfaoui et al, 2023;Yan et al, 2022b;Umar et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

Exploring the uncharted territories: a structured literature review on cryptocurrency accounting and auditing

Tiron-Tudor,

Mierlita,

Manes Rossi

2024

JRF

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PurposeThe objective of this study is to systematically review the current body of literature in order to gain insights into the progress of research in accounting and auditing of cryptocurrencies, while also highlighting the associated risks and identifying gaps for future exploration.Design/methodology/approachTo achieve this, a structured literature review was carried out, presenting a thorough and critical assessment of the available studies focused on cryptocurrencies within the accounting and auditing domain.FindingsThe analysis reveals that the majority of the research has concentrated on the reporting and measurement aspects of cryptocurrencies, neglecting the auditing aspect. Regarding the methodology, future investigations should incorporate both theoretical and empirical manners to address this gap. Various spheres require further exploration, as they have the potential to significantly impact practitioners and academics.Originality/valueThe significance of this paper lies in its comprehensive examination of the existing literature, synthesizing and organizing information pertaining to accounting and auditing considerations of crypto transactions. Moreover, it provides valuable insights into best practices and prompts identifying avenues for further research in this field.

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“…, 2022; Chortane and Pandey, 2022), there is no assessment of the impact on mutual funds. The context of active mutual funds is different because there is a possibility of rebalancing in response to the market changes (Umar et al. , 2022).…”

Section: Introductionmentioning

confidence: 99%

“…While there is some early evidence on how this conflict has impacted stock indices (Boungou and Yati e, 2022) and markets (Abbassi et al, 2022;Boubaker et al, 2022;Chortane and Pandey, 2022), there is no assessment of the impact on mutual funds. The context of active mutual funds is different because there is a possibility of rebalancing in response to the market changes (Umar et al, 2022). The rebalancing can be a response to the evolution of investment styles (Mirza et al, 2022;Naqvi et al, 2021;Rizvi et al, 2021), market timing (Yarovaya et al, 2020), volatility timing (Hasnaoui et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

The price reaction and investment exposure of equity funds: evidence from the Russia–Ukraine military conflict

Yarovaya

Mirza²

2022

JRF

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PurposeThe purpose of this paper is to assess the impact of the Ukraine–Russia military conflict on the returns and investment flows of equity funds across multiple countries.Design/methodology/approachUsing a comprehensive sample of 1,281 equity funds in 40 countries. The countries were segregated into conflict states, members of NATO, and those which abstained from voting on the UN resolution on March 2, 2022. The authors employ a GARCH-based event study and estimate CARs for t−5, t−3, t, t + 3, and t + 5 event windows. Further, the authors use panel estimation to assess the link between the CARs and the investment exposure of the sample funds.FindingsThe findings highlight an adverse reaction of mutual funds in Russia, Ukraine, and the NATO States. On the contrary, the mutual funds in the countries that abstained during the voting on the UN resolution on March 2nd posted positive abnormal returns. Similarly, the investment exposure towards the conflicted countries and NATO states is unfavorable except for the abstained countries.Originality/valueThis is the primary study to evaluate the impact of the recent geopolitical tensions on mutual funds domiciled across various geographical locations.

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Crypto swings and the performance of carbon-intensive equity funds in China

Cited by 21 publications

References 34 publications

Eco-Friendly Transitions in Top Ten CO2 Producing Countries: A Dynamic Panel Investigation of Green Finance, Technology Transfer and Financial Development for Reducing Environmental Degradation

Eco-Friendly Transitions in Top Ten CO2 Producing Countries: A Dynamic Panel Investigation of Green Finance, Technology Transfer and Financial Development for Reducing Environmental Degradation

Exploring the uncharted territories: a structured literature review on cryptocurrency accounting and auditing

The price reaction and investment exposure of equity funds: evidence from the Russia–Ukraine military conflict

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