Quantiles dependence and dynamic connectedness between distributed ledger technology and sectoral stocks: enhancing the supply chain and investment decisions with digital platforms

Abstract

Distributed Ledger Technology (DLT) is highly applicable in various fields, especially the supply chain in many sectors. Against limited empirical evidence, this paper analyzes the relations between the Kensho Distributed Ledger Technology Index and stock indices of 12 sectors, including communication services, consumer discretionary, consumer staples, energy, health care, financials, industrials, information technology, materials, utilities, and real estate, and ESG by employing the quantile coherency and dynamic connectedness techniques. Our results reveal that the quantile coherency between the DLT stock index and the sectoral stock indices in almost all cases is significant and positive. The positive co-movement tends to be stronger in the longer terms and as we move from the lower to the higher quantiles, implying that they are more strongly connected in the long term and during the bearish market condition. Moreover, the dynamic connectedness indicates that the DLT stocks and the sectoral stocks are highly connected, with the former being a net transmitter of spillover shocks. The spillovers are also time-varying, and the results significantly corroborate those of the quantiles coherency methods. Among other relevant implications, DLT can be an important factor in the development and enhancement of these sectors.

Can ESG Integration Enhance the Stability of Disruptive Technology Stock Investments? Evidence from Copula-Based Approaches

“…Also, specific tech stocks are studied. For instance, Ghaemi Asl et al (2023b) studied the relationship between sectoral stocks and distributed ledger technology stocks and found significant and positive dependence, and it tends to be higher in the long term. Numerous studies examine the dependence between ESG-related assets (especially green bonds) and other financial assets and find the superiority of ESG assets in many aspects (Pham and Nguyen 2021;Duan et al 2023;Huang et al 2023).…”

Developing Platform Supply Chain Contract Coordination and a Numerical Analysis Considering Fresh-Keeping Services

“…Ju-ning et al [24] proposed combined contracts and derived the value range of contract parameters that could realize coordination of the supply chain. Ghaemi et al [25] constructed a new time-varying utility function around the loss of fresh produce and changes in consumer purchasing utility and quantity to maximize consumer utility.…”

“…Some scholars have improved and innovated supply chain coordination and optimization methods according to the characteristics and actual situations, as shown in Table 2. [22]; Chen X, Chen R, Yang C, 2021 [23]; Ju-ning S U, Chen-guang L I U, Yong Y et al, 2015 [24]; Ghaemi Asl M, Adekoya O B, Rashidi M M, 2022 [25]; Fritz M M C, Schoggl J P, Baumgartner R J, 2017 [26]…”