Journal Articles
Permanent URI for this collectionhttp://10.0.100.92:4000/handle/123456789/21
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Item The role of green bonds on industrial sustainability for achieving carbon neutrality: Evidence from the artificial neural network method(Research in International Business and Finance, 2025-01) Lau, Chi Keung; Padhan, Hemachandra; Kumar Das, Amit; Tiwari, Aviral Kumar; Gozgor, Giray; Jain, PrekshaThis paper examines the role of green bonds on industrial sustainability in 15 Organisation for Economic Co-operation and Development (OECD) economies from 2010 to 2020. In this context, we utilise the Augmented Mean Group (AMG), the Artificial Neural Network (ANN), and the Kernel-based Regularised Least Squares (KRLS) methods. It is found that the ANN predicts the influence of green bonds on industrial sustainability more accurately than other methods. It is also observed that green bonds accelerate industrial sustainability in the OECD economies. The upper percentile group is primarily concerned with industrial sustainability rather than the lower- and middle percentile groups. Therefore, the OECD economies should emphasise the green bonds component in the green finance baskets to achieve carbon neutrality.Item Correlation and price spillover effects among green assets(Annals of Operations Research, 2024-07-25) Tiwari· Aviral Kumar; Kumar, Satish; Joel,Emmanuel; Abakah,AikinsThis paper examines the spillover effects, connectedness and correlation among eco-friendly asset classes using robust estimation techniques such as rolling window wavelet correlation, multiscale quantile correlation coefficient and quantile VAR approaches. Specifically, the eco-friendly assets examined include the S&P Green Bond Select Index Price Index, the S&P Green Bond Index Price Index and the Dow Jones Sustainability Index World Price Index. Additional variables include the constituents of the MSCI Global Environment Price Index: Alternative Energy, Green Building, and Pollution Prevention or Clean Technology. We use daily returns from August 31, 2010, to January 13, 2022. Our results confirm that green bond indices offer opportunities for diversification across varying quantiles and time scales when paired with green stocks. Results confirm that investors can exploit the hedging and safe-haven potential of green bonds against green stocks in times of turbulent market.