Does financial globalization uncertainty affect CO&lt;sub&gt;2&lt;/sub&gt; emissions? Empirical evidence from some selected SSA countries

Farouq, Ibrahim Sambo; Sambo, Nuraddeen Umar; Ahmad, Ali Umar; Jakada, Aminu Hassan; Danmaraya, Ismail Aliyu

doi:10.3934/qfe.2021011

Cited by 57 publications

(19 citation statements)

References 75 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Scholars who support the first hypothesis believe that the purpose of the government's implementation of environmental regulations is to reduce pollution emissions. Specifically, on the one hand, the government levies energy taxes on energy producers and users and levies pollution discharge fees on polluters, which increases the production costs and environmental costs of firms, thereby helping to reduce energy consumption and pollution emissions [13,14]. On the other hand, the government encourages firms to use alternative energy by subsidizing clean energy, which will also reduce the consumption of fossil energy [15].…”

Section: Environmental Regulation and Environmental Pollutionmentioning

confidence: 99%

The Relationship between Environmental Regulation, Pollution and Corporate Environmental Responsibility

Wang

Liao

2021

IJERPH

View full text Add to dashboard Cite

The rapid economic development has severely damaged the ecological environment and affected public health. Firms are the main source of pollution; thus, corporate environmental responsibility (CER) has attracted great attention from the government, shareholders and the public. This study used both the fixed effects model and the system GMM (Generalized Method of Moments) model to examine the relationship between environmental pollution, environmental regulations and CER for 30 provinces in China, over the period 2005 to 2015. This study drew the following results: first, mandatory CER disclosure policy can significantly decrease environmental pollution. Second, an inverted U-shaped relationship exists between environmental regulations and environmental pollution. Third, environmental pollution has a positive impact on CER. Fourth, an inverted U-shaped relationship exists between environmental regulations and CER. Therefore, it is necessary to find a balance between environmental regulations affecting environmental pollution and CER so that they can effectively reduce environmental pollution and increase the enthusiasm of firms to carry out environmental responsibility activities.

show abstract

Section: Environmental Regulation and Environmental Pollutionmentioning

confidence: 99%

The Relationship between Environmental Regulation, Pollution and Corporate Environmental Responsibility

Wang

Liao

2021

IJERPH

View full text Add to dashboard Cite

show abstract

“…As a result, it is found that financial globalization contributes to the improvement of environmental quality level in emerging economies. Farouq et al (2021) investigated the asymmetric relationship between financial globalization uncertainty and environmental qualit y by testing Kuznets hypothesis. This study, conducted for nine countries in Saharan African between the years 1980-2019, found that financial globalization uncertainty (FGU) has a negative and significant coefficient.…”

Section: Financial Globalization and Co 2 Emissionsmentioning

confidence: 99%

RETRACTED: Solar Energy and CO2 Emissions: CCEMG Estimations for 26 Countries

Güney

Ince

2021

Preprint

View full text Add to dashboard Cite

Although research establishes that the impact of renewable energy on environmental sustainability is critical in the era of globalization, the individual impact of renewable energy on the environment is often ignored. Therefore, this article examines the long-term relationships and direction of these relationships between solar energy consumption, coal energy consumption, financial globalization, economic growth, and environmental pollution for the period from 2000 to 2019 for 26 countries. The study used a range of econometric techniques that account for the cross-sectional dependence and slope homogeneity observed in the panel. The results of the common correlated effects mean group (CCEMG) estimator showed that solar energy consumption has a negative and significant effect on the level of carbon emissions. In addition, economic growth and coal energy increase carbon emissions. Finally, the results of the panel causality test confirmed the existence of various causal relationships among the variables.

show abstract

“…Energy finance is interdisciplinary, setting up a bridge on two most important industries, that is, finance and energy, in real life. In recent years, topics on asset pricing, financial risk management, investment, and so on have been widely applied in the energy industry area (Wen et al, 2021a;Wen et al, 2021b;Cao et al, 2022;Farouq et al, 2021;Liu et al, 2021;Peng et al, 2021;Tian et al, 2021;Zheng et al, 2021). In this paper, we verify the existence of firm-level "intraday return vs. overnight return" pattern and overnight-intraday effect of nine financial anomalies in the energy industry market.…”

Section: Introductionmentioning

confidence: 77%

Overnight-Intraday Mispricing of Chinese Energy Stocks: A View from Financial Anomalies

Zhou

Liu

2022

Front. Energy Res.

View full text Add to dashboard Cite

We verify the existence of firm-level “intraday return vs. overnight return” pattern and overnight-intraday effect of nine financial anomalies of Chinese energy industry stocks of the Chinese stock market. Though energy finance has been an independent research area, we also take Chinese A-shares stocks as samples for empirical analysis to avoid the so-called sample selection bias. Specifically, it verifies that the overnight returns are strongly negative and intraday returns are positive for energy industry stocks, which is totally contrary to the American stock markets. In addition, alphas of the zero-cost strategies based on nine classic financial anomalies are almost earned at night for energy industry stocks. Finally, it is risk-related anomalies that occur overnight for energy industry stocks, while both four risk-related anomalies and two firm characteristics related anomalies occur at night for all A-shares stocks. Our empirical findings based on Chinese financial markets enrich the existing research on the mispricing of financial anomaly and shed a new sight on the asset pricing in energy finance.

show abstract

Does financial globalization uncertainty affect CO<sub>2</sub> emissions? Empirical evidence from some selected SSA countries

Cited by 57 publications

References 75 publications

The Relationship between Environmental Regulation, Pollution and Corporate Environmental Responsibility

The Relationship between Environmental Regulation, Pollution and Corporate Environmental Responsibility

RETRACTED: Solar Energy and CO2 Emissions: CCEMG Estimations for 26 Countries

Overnight-Intraday Mispricing of Chinese Energy Stocks: A View from Financial Anomalies

Contact Info

Product

Resources

About