What abates environmental efficiency in African economies? Exploring the influence of infrastructure, industrialization, and innovation

Naeem, Muhammad Abubakr; Appiah, Michael; Karim, Sitara; Yarovaya, Larisa

doi:10.1016/j.techfore.2022.122172

Cited by 57 publications

(11 citation statements)

References 71 publications

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“…Another implication of the study is the stronger diversification benefits of sustainable investments for conventional and religious stocks as they remained less vulnerable to external shocks and bear risk-mitigating features. Based on previous studies (Iqbal et al, 2021 ; Karim et al, 2022a , 2022b ; Naeem et al, 2021a , 2021b , 2022c , 2022d ), sustainable and green investment streams are useful for investors to offset their risk and shelter their investments from harsh external circumstances. Hence, the study possesses multiple investment choices for sustainable, religious, and conventional markets investors’ with higher diversification benefits and lower tail risk.…”

Section: Resultsmentioning

confidence: 99%

“…The stronger tail dependence between religious stocks with almost all financial markets implies that the onset of COVID-19 increased market risk spillovers and experienced serious consequences of the pandemic. In line with Elsayed et al (2020), Tiwari et al (2021), Umar et al (2022), Naeem et al (2023), Pham et al (2022), the outbreak of COVID-19 brought higher integration among markets and resulted in intense risk dependence.…”

Section: Measuring Risk Spillover Networkmentioning

confidence: 99%

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Systemic risk contagion of green and Islamic markets with conventional markets

et al. 2023

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Financial markets are exposed to extreme uncertain circumstances escalating their tail risk. Sustainable, religious, and conventional markets represent three different markets with various characteristics. Motivated with this, the current study measures the tail connectedness between sustainable, religious, and conventional investments by employing a neural network quantile regression approach from December 1, 2008 to May 10, 2021. The neural network recognized religious and conventional investments with maximum exposure to tail risk following the crisis periods reflecting strong diversification benefits of sustainable assets. The Systematic Network Risk Index spots Global Financial Crisis, European Debt Crisis, and COVID-19 pandemic as intensive events yielding high tail risk. The Systematic Fragility Index ranks the stock market in the pre-COVID period and Islamic stocks during the COVID sample as the most susceptible markets. Conversely, the Systematic Hazard Index nominates Islamic stocks as the chief risk contributor in the system. Given these, we portray various implications for policymakers, regulatory bodies, investors, financial market participants, and portfolio managers to diversify their risk using sustainable/green investments.

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Section: Resultsmentioning

confidence: 99%

Section: Measuring Risk Spillover Networkmentioning

confidence: 99%

Systemic risk contagion of green and Islamic markets with conventional markets

et al. 2023

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“…Based on the studies by Daniel-Vasconcelos et al (2022), Gallén and Peraita (2018), Naeem et al (2023), andWen et al (2023), we employ the Panel-Corrected Standard Error (PCSE) estimator as an alternative method. Since FGLS may overestimate the significance of the coefficients (Beck & Katz, 1995), the performance of PCSE may be better than the FGLS estimator in samples where the number of periods is equal to or greater than the number of cross sections (Hossain, 2016).…”

Section: Robustness Analysismentioning

confidence: 99%

Inovação ambiental e iniciativas gerenciais de redução de carbono: o efeito moderador do poder do CEO

Vasconcelos

Ribeiro

2023

R. Contemp. Contab.

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Baseado nas teorias da legitimidade e stakeholders, este artigo investiga como a inovação ambiental afeta as iniciativas gerenciais para a redução de carbono e se o poder do Chief Executive Officer (CEO) modera esta relação. Foram analisadas observações de 331 empresas latino-americanas e como variável dependente utilizou-se um índice de iniciativas gerenciais para redução de carbono. Os resultados da regressão Feasible Generalized Least Squares (FGLS) indicam que a inovação ambiental influencia positivamente as iniciativas gerenciais para a redução de carbono. Os resultados também mostram que o poder do CEO modera positivamente esta relação. Além disso, o comitê de responsabilidade social corporativa e o tamanho da empresa influenciam positivamente as iniciativas gerenciais para redução de carbono e a alavancagem tem uma relação negativa com estas iniciativas. A pesquisa reforça a importância da inovação ambiental no combate às mudanças climáticas e ao aquecimento global.

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“…They found a disconnected pattern between carbon markets and cryptocurrencies and evidenced pronounced diversification of green cryptocurrencies. These studies unveil significant gaps in the literature and fetch the attention of policy reformers and regulators to transit from non-green to green avenues to address sustainability concerns (Karim et al, 2023 ; Naeem et al, 2023 ). On the contrary, Yousaf et al, ( 2022a , b ) claim that energy cryptocurrencies are more closely correlated with bitcoin than other asset classes and are more vulnerable to system return and volatility shocks.…”

Section: Introductionmentioning

confidence: 99%

Examining the avenues of sustainability in resources and digital blockchains backed currencies: evidence from energy metals and cryptocurrencies

et al. 2023

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The sustainability issues have been surmounted in the last decades. The digital disruption caused by blockchains and other digitally backed currencies has raised several serious concerns for policymakers, governmental agencies, environmentalists, and supply chain managers. Alternatively, sustainable resources are environmentally sustainable and naturally available resources which are employable by several regulation authorities to reduce the carbon footprint and attain energy transition mechanisms to support sustainable supply chains in the ecosystem. Using the asymmetric time-varying parameters vector auto-regressions approach, the current study examines the asymmetric spillovers between blockchain-backed currencies and environmentally supported resources. We find clusters between blockchain-based currencies and resource-efficient metals, highlighting similar-class dominance of spillovers. We portrayed several implications of our study for policymakers, supply chain managers, the blockchain industry, sustainable resources mechanisms, and regulatory bodies to emphasize that natural resources play a significant role in attaining sustainable supply chains servicing the benefits to society at large and to other stakeholders.

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What abates environmental efficiency in African economies? Exploring the influence of infrastructure, industrialization, and innovation

Cited by 57 publications

References 71 publications

Systemic risk contagion of green and Islamic markets with conventional markets

Systemic risk contagion of green and Islamic markets with conventional markets

Inovação ambiental e iniciativas gerenciais de redução de carbono: o efeito moderador do poder do CEO

Examining the avenues of sustainability in resources and digital blockchains backed currencies: evidence from energy metals and cryptocurrencies

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