Author
Listed:
- Mzoughi, Hela
- Amar, Amine Ben
- Guesmi, Khaled
- Benkraiem, Ramzi
Abstract
In our study, we delve deep into the dynamics of blockchain markets and their ecological ramifications while also shedding light on the invaluable insights gleaned from a risk spillover analysis involving green finance investments, thereby broadening the spectrum of opportunities for portfolio diversification. Employing a robust framework grounded in copulas theory, we meticulously scrutinize the intricate interplay of risk transmission and the dependence structure of green financial products in relation to the blockchain market index. Our investigation, guided by the application of VaR and CoVaR measures, has unearthed compelling findings. We have discerned that the price fluctuations in the clean energy sector have wielded a substantial influence on the blockchain industry, particularly in the wake of the COVID-19 pandemic. Remarkably, our analysis reveals an absence of spillover effects between the blockchain and green bond markets, underscoring the tangible diversification advantages that investors can harness. This becomes pivotal in safeguarding their assets from the inherent risks associated with blockchain investments. Furthermore, we have conducted a rigorous regression analysis to uncover the nuanced relationship between the blockchain’s extreme downside risk factor and climate change risk. Notably, the robust coefficient associated with the climate change index serves as a clarion call to investors, environmental organizations, and policymakers alike. It beckons them to accord greater attention to environmental considerations when venturing into the blockchain markets, emphasizing the pressing need for environmentally responsible investments and policy decisions.
Suggested Citation
Mzoughi, Hela & Amar, Amine Ben & Guesmi, Khaled & Benkraiem, Ramzi, 2024.
"Blockchain markets, green finance investments, and environmental impacts,"
Research in International Business and Finance, Elsevier, vol. 69(C).
Handle:
RePEc:eee:riibaf:v:69:y:2024:i:c:s0275531924000412
DOI: 10.1016/j.ribaf.2024.102249
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:riibaf:v:69:y:2024:i:c:s0275531924000412. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
We have no bibliographic references for this item. You can help adding them by using this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ribaf .
Please note that corrections may take a couple of weeks to filter through
the various RePEc services.