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Zhang Y, Umair M. Examining the interconnectedness of green finance: an analysis of dynamic spillover effects among green bonds, renewable energy, and carbon markets. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:77605-77621. [PMID: 37261685 PMCID: PMC10233175 DOI: 10.1007/s11356-023-27870-w] [Citation(s) in RCA: 24] [Impact Index Per Article: 24.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 03/20/2023] [Accepted: 05/19/2023] [Indexed: 06/02/2023]
Abstract
There is growing importance of green finance as a means to finance sustainable projects and reduce carbon emissions. Green bonds have emerged as an important financing tool in this context, and there is a need to understand how they are interconnected with other components of the green finance ecosystem, such as renewable energy and carbon markets. This study investigates the interconnectivity of green finance by analyzing the dynamic spillover effects among green bonds, renewable energy stocks, and carbon markets. Using daily data spanning from January 2010 to December 2020, vector autoregressive models and time-varying parameter models are applied to examine the transmission channels of shocks among these assets. The results reveal significant dynamic spillover effects between green bonds and renewable energy stocks, as well as between carbon markets and renewable energy stocks. Additionally, the findings suggest a complementary relationship between green bonds and carbon markets. This study provides insights into the interdependence of different green financial instruments and their role in promoting sustainable development. The outcomes of the research can guide policymakers, investors, and other stakeholders in making informed decisions regarding green finance.
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Affiliation(s)
- YaFei Zhang
- Pai Chai University, 302735, Daejeon, Republic of Korea
| | - Muhammad Umair
- Department of Economics, University of Lakki Marwat, Lakki Marwat, Pakistan.
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Yao Z, Liu Y. How Covid-19 impacts the financing in SMEs: Evidence from private firms. ECONOMIC ANALYSIS AND POLICY 2023; 79:S0313-5926(23)00158-3. [PMID: 38620097 PMCID: PMC10290738 DOI: 10.1016/j.eap.2023.06.036] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Subscribe] [Scholar Register] [Received: 04/04/2023] [Revised: 06/15/2023] [Accepted: 06/21/2023] [Indexed: 04/17/2024]
Abstract
The world economy, and SMEs in particular, have been hit hard by the COVID-19 epidemic. SME finance issues are becoming a significant focus of policymakers and academics. This research uses private companies as a sample to analyze how COVID-19 affected SME finance. We examine critical factors such as business size, leverage, profitability, liquidity, and the influence of COVID-19. Our research shows that the pandemic has had a significant, detrimental impact on funding for small and medium-sized businesses. Small and medium-sized enterprises (SMEs) have expanded their borrowing amid falling profits and cash flow. More specifically, smaller SMEs have been hit harder than their bigger counterparts. Implications for policymakers and the owners of SMEs are substantial. Governments should help small and medium-sized enterprises by providing incentives like tax credits and loan guarantees. Owners of small and medium-sized enterprises (SMEs) should prioritize sound financial management and stability. This research sheds light on SMEs' funding difficulties in the wake of COVID-19 and highlights the need to aid such businesses as rebuild.
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Affiliation(s)
- Zhigang Yao
- Department of Economic Management, Sichuan College of Architectural Technology, Chengdu 610399, China
| | - Yao Liu
- Department of Economic Management, Sichuan College of Architectural Technology, Chengdu 610399, China
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Li Y, Umair M. The Protective Nature of Gold During Times of Oil Price Volatility: An Analysis of the COVID-19 Pandemic. THE EXTRACTIVE INDUSTRIES AND SOCIETY 2023:101284. [PMID: 37362401 PMCID: PMC10242154 DOI: 10.1016/j.exis.2023.101284] [Citation(s) in RCA: 13] [Impact Index Per Article: 13.0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Subscribe] [Scholar Register] [Received: 04/13/2023] [Revised: 06/02/2023] [Accepted: 06/04/2023] [Indexed: 06/28/2023]
Abstract
This research explores gold's safe-haven properties amid oil price instability, focusing on the COVID-19 pandemic. The study examines how gold hedges against oil price swings in the context of the pandemic's exceptional market circumstances. A VAR (Vector Autoregressive) model analyzes gold and oil prices from 2006 through 2021. The VAR model reflects the dynamic interactions and interdependencies between these two essential commodities in the context of oil price volatility and the COVID-19 pandemic. This analysis shows that gold protects against oil price volatility and the COVID-19 pandemic-gold buffers against oil price swings due to its strong inverse association with oil prices. Gold offers investors security and asset preservation during significant oil price volatility. In light of oil price volatility and the COVID-19 pandemic, the study helps explain gold's importance as a diversification tool and haven asset. Investors, policymakers, and market players should consider gold as a hedge against oil price volatility and economic instability.
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Affiliation(s)
- Yu Li
- School of Finance, Guangdong University of Finance and Economics, Guangzhou, Guangdong, China
- School of Economics and Management, International College of Chongqing Jiatong University, China
| | - Muhammad Umair
- School of Finance, Guangdong University of Finance and Economics, Guangzhou, Guangdong, China
- School of Economics and Management, International College of Chongqing Jiatong University, China
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Environmentally Responsible Purchase Intention in Pacific Alliance Countries: Geographic and Gender Evidence in the Context of the COVID-19 Pandemic. Behav Sci (Basel) 2023; 13:bs13030221. [PMID: 36975246 PMCID: PMC10045783 DOI: 10.3390/bs13030221] [Citation(s) in RCA: 3] [Impact Index Per Article: 3.0] [Reference Citation Analysis] [Abstract] [Track Full Text] [Journal Information] [Subscribe] [Scholar Register] [Received: 01/01/2023] [Revised: 02/20/2023] [Accepted: 02/26/2023] [Indexed: 03/08/2023] Open
Abstract
The objectives of this research were: (1) to examine the influence of environmental awareness (EA), sustainable consumption (SC) and social responsibility (SR) on the environmentally responsible purchase intention (ERPI) of consumers in the member countries of the Pacific Alliance, namely, Chile, Colombia, Mexico and Peru; and (2) to analyze whether there is a moderating effect related to the country of residence and gender of the consumer. The study was conducted under a quantitative and cross-sectional approach. The sample consisted of 1646 consumers: 24.4% from Peru (n = 402), 25.4% from Mexico (n = 418), 26.1% from Colombia (n = 401) and 24.1% from Chile (n = 397). Data analysis and hypothesis testing were performed using a multigroup Structural Equation Model (SEM). The results show a positive influence among environmental awareness (EA), sustainable consumption (SC) and social responsibility (SR) on environmentally responsible purchase intention (ERPI). Gender and country of residence were also shown to be moderating variables in these relationships. In conclusion, it can be affirmed that the participants of this study recognize the importance of acquiring environmentally friendly products. Among them, the female population is more aware of this issue. It is recommended new business models be created to provide products and services oriented to this market according to consumers’ tastes, desires and purchasing preferences; the proposals they have should be friendly to the environment and to society.
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Ma M, Shen L, Sun X. Optimization of e-commerce logistics service quality considering multiple consumption psychologies. Front Psychol 2022; 13:956418. [PMID: 36132194 PMCID: PMC9484527 DOI: 10.3389/fpsyg.2022.956418] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 05/30/2022] [Accepted: 07/04/2022] [Indexed: 11/24/2022] Open
Abstract
This work is developed to improve the current quality of e-commerce logistics services. From the perspective of multiple consumer psychology, based on e-commerce, consumer psychology, and other related theories, vegetable e-commerce B is selected as the research object. The commodity quality, accuracy, and timeliness of commodity distribution and other factors of e-commerce B are discussed through questionnaire survey. Then, according to customers’ opinions about “e-commerce B’s distribution and professional aspects that need to be improved,” the research is conducted. Finally, the direction of follow-up optimization is proposed from four different perspectives of multiple consumption psychology. The research results show that more than 89% of the surveyed customers believe that e-commerce B does a good job in terms of commodity quality, accuracy, and timeliness of commodity distribution, and has a high level of logistics service. However, 26.34% of customers hope that e-commerce B can strengthen the protection of personal privacy, 24.97% hope that the platform can add “delay insurance” for goods, and 39.54% hope that the logistics information of purchased goods can be updated in real time. Therefore, e-commerce B needs to be optimized and improved continuously in the future development. Therefore, research on the optimization of logistics service quality of e-commerce is performed under multiple consumption psychology, which provides certain help for the rapid development of subsequent e-commerce.
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Consumer Attitudes as Part of Lifestyle in the COVID-19 Emergency. SUSTAINABILITY 2022. [DOI: 10.3390/su14159521] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 02/04/2023]
Abstract
The pandemic brought significant changes to the functioning of society. This article examines the opinion of consumers in south-eastern Poland on lifestyle elements such as shopping preferences, physical activity, holiday preferences and others, against the background of the COVID-19 situation. The aim of this study was to identify the relationship between selected components included in the lifestyle of society in the context of the COVID-19 emergency situation. The research was conducted from 9 November 2020 to 17 January 2021. In order to identify the respondents’ attitudes and their perception of the issues discussed in this study, a questionnaire was created containing a number of theses formulations assessed by the respondents in terms of compliance with their beliefs. The evaluation was carried out using a seven-point bipolar Likert scale with a neutral value. The study was not probabilistic, therefore the inference applies only to the studied group. A total of 737 questionnaires meeting the research assumptions were collected. The form was used to identify ecological attitudes, shopping behavior, food preferences, physical activity and tourist preferences in the COVID-19 situation in which the research was conducted. Also identified were holiday destinations in 2019 and 2020, preferred diet type, and socio-demographic background: sex, age, place of residence and approximate per capita income. The research revealed that the purchasing behavior of the respondents was a predictor of their physical activity and tourist preferences. Studies have also shown that the food preferences of the respondents are an important part of their balanced lifestyle and depend on the sex of the person. The respondents preferred an active lifestyle as a form of pro-health activity when living in the situation of COVID-19. During the COVID-19 pandemic, respondents’ interest in domestic tourism also increased.
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Enterprise Profitability and Financial Evaluation Model Based on Statistical Modeling: Taking Tencent Music as an Example. MATHEMATICS 2022. [DOI: 10.3390/math10122107] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 12/10/2022]
Abstract
In today’s diversified development model, the combination of modeling and business decision development is particularly important. The advanced theoretical business model established by modeling enables more efficient and accurate financial analysis. In the original enterprise profit evaluation model, the DuPont analysis method cannot take into account the development capability of the enterprise very well. This article takes Tencent Music as an example, and improves it on the basis of DuPont analysis. The Enterprise Capital Profit Model was proposed. At the same time, the LASSO regression based on cluster analysis is used to screen, analyze, and diagnose the financial data of Tencent Music in recent years, which verifies the validity and feasibility of the model. This paper uses the report data combined with statistical modeling to optimize the traditional financial evaluation method of enterprises, better find problems, and provide strategies for the further development of enterprises. Likewise, the method can be extended to other businesses to help them analyze their financial situation and provide a reference for future development.
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Ivascu L, Domil AE, Artene AE, Bogdan O, Burcă V, Pavel C. Psychological and Behavior Changes of Consumer Preferences During COVID-19 Pandemic Times: An Application of GLM Regression Model. Front Psychol 2022; 13:879368. [PMID: 35572289 PMCID: PMC9099259 DOI: 10.3389/fpsyg.2022.879368] [Citation(s) in RCA: 1] [Impact Index Per Article: 0.5] [Reference Citation Analysis] [Abstract] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 02/19/2022] [Accepted: 03/21/2022] [Indexed: 11/13/2022] Open
Abstract
The life we considered normal was disrupted due to measures taken to limit the spread of the novel coronavirus. Quarantine, isolation, social distancing, and community containment have influenced consumer behavior and contributed to the rapid development of e-commerce. In pandemic times, even those unfamiliar with the online environment have had to adapt and make acquisitions in this new manner. Hence, we focused our research on measuring the perception of consumers on how the restrictive measures imposed to limit the spread of the COVID-19 virus had influenced their decision to buy a product or service from the online environment, given that purchases are highly subjective and influenced by cumulative effects of economic, social, psychological and behavioral factors. Our paper comes with additional insights from the literature. It adds empirical evidence that reveals that the number of transactions and the value per transaction increased during the COVID-19 pandemic and highlights that online purchases will continue as such even after the pandemic.
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Affiliation(s)
- Larisa Ivascu
- Faculty of Management in Production and Transportation, Politehnica University of Timisoara, Timioara, Romania
- Academy of Romanian Scientists, Bucharest, Romania
| | - Aura Emanuela Domil
- Faculty of Economics and Business Administration, West University of Timisoara, Timisoara, Romania
| | - Alin Emanuel Artene
- Faculty of Management in Production and Transportation, Politehnica University of Timisoara, Timioara, Romania
- *Correspondence: Alin Emanuel Artene
| | - Oana Bogdan
- Faculty of Economics and Business Administration, West University of Timisoara, Timisoara, Romania
| | - Valentin Burcă
- Faculty of Economics and Business Administration, West University of Timisoara, Timisoara, Romania
| | - Codruta Pavel
- Faculty of Economics and Business Administration, West University of Timisoara, Timisoara, Romania
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Impact of the COVID-19 Pandemic on Online Consumer Purchasing Behavior. JOURNAL OF THEORETICAL AND APPLIED ELECTRONIC COMMERCE RESEARCH 2021. [DOI: 10.3390/jtaer16060125] [Citation(s) in RCA: 25] [Impact Index Per Article: 8.3] [Reference Citation Analysis] [Abstract] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 12/11/2022]
Abstract
With the spread of the COVID-19 pandemic and the increasing importance of e-commerce, the study of online consumer behavior is of particular relevance. The purpose of this study was to form a methodological approach to assess the relationships and the level of influence of the factors activating the purchasing behavior of online consumers against the background of the COVID-19 pandemic. The research methodology was based on the transformation of Cattell’s questionnaire and the implementation of correlation analysis. To determine the predisposition of online consumer behavior at the time of making a purchase decision, this study used the questionnaire method. The survey was conducted among online shoppers in the top 10 countries in terms of e-commerce market growth. The scientific contribution is the proposed methodological toolkit to assess the purchasing behavior of online consumers, which identifies the most influential factors in their purchasing behavior and provides an opportunity to assess the dynamics of their activity during the study period, to identify key trends and determine changes in their behavior. The research revealed what changes in online consumer buying behavior are typical in the COVID-19 pandemic. The impact of consumer awareness and experience has increased. Online consumers have become more experienced, which has influenced the activity of their buying behavior. This study proved the shifting influence of online consumer purchasing behavior factors during the pandemic. The increasing importance of the speed of decision making by consumers when purchasing goods and services online was determined.
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Liu H, Geng J, Yao P. Relationship of Leadership and Envy: How to Resolve Workplace Envy with Leadership-A Bibliometric Review Study. J Intell 2021; 9:jintelligence9030044. [PMID: 34564292 PMCID: PMC8482135 DOI: 10.3390/jintelligence9030044] [Citation(s) in RCA: 3] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 07/08/2021] [Revised: 09/02/2021] [Accepted: 09/03/2021] [Indexed: 01/11/2023] Open
Abstract
In recent years, workplace envy has gradually become a hot research topic for organizational behavior. Scholars have explored the antecedents and consequences of envy following the traditional research paradigm. The latest leadership theory also provides new ideas for its development. Although the traditional methods continue to optimize the research on the relationship between leadership and envy, they still do not fully reflect the binary logical relationship between the two and cannot offer sufficient explanatory power for the psychological activities and behaviors of employees and supervisors. In this paper, two pieces of bibliometric software, CiteSpace (American, Drexel University) and Histcite (American, Clarivate Analytics), were used in order to analyze the previous literature in regard to providing a theoretical basis, the main content, and the stages of development. Based on the integration, we propose a dual-track theoretical model of leadership and envy as the prediction framework for future research. The research has returned to the intelligent attribute of leadership and believes that effective leadership can adjust the existence of various types of envy and transform it into the actual productivity of the workplace.
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Affiliation(s)
- Hongda Liu
- School of Economics & Management, Tongji University, Shanghai 200092, China; or
- School of Management, Shanghai University, Shanghai 200444, China
| | - Jiejun Geng
- International School of Business Administration, Shanghai International Studies University, Shanghai 200333, China;
| | - Pinbo Yao
- School of Management, Shanghai University, Shanghai 200444, China
- Correspondence:
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Research Hotspots and Frontiers of Product R&D Management under the Background of the Digital Intelligence Era—Bibliometrics Based on Citespace and Histcite. APPLIED SCIENCES-BASEL 2021. [DOI: 10.3390/app11156759] [Citation(s) in RCA: 3] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 01/06/2023]
Abstract
The rise of “cloud-computing, mobile-Internet, Internet of things, big-data, and smart-data” digital technology has brought a subversive revolution to enterprises and consumers’ traditional patterns. Product research and development has become the main battlefield of enterprise competition, facing an environment where challenges and opportunities coexist. Regarding the concepts and methods of product R&D projects, the domestic start was later than the international ones, and many domestic companies have also used successful foreign cases as benchmarks to innovate their management methods in practice. “Workers must first sharpen their tools if they want to do their jobs well”. This article will start from the relevant concepts of product R&D projects and summarize current R&D management ideas and methods. We combined the bibliometric analysis software Histcite and Citespace to sort out the content of domestic and foreign literature and explore the changing trends of research hotspots. Finally, combined with the analysis of confirmed cases in domestic masters and doctoral dissertations to test the theory, the literature review of the product R&D project management theme was carried out from the dual perspectives of comprehensive theory and practice. This study uses the core collection library of Web of Science as the object of document extraction. Based on the search conditions of “Product development” or “Intergrat* product development”, 8998 sample documents were initially retrieved. The search deadline was June 2019, with a time range from 2000 to June 2019. Then, using the record number of 50 as the critical condition, 5007 analysis samples were deleted, refined, and cleaned. Through the review and measurement of 5007 papers, the analysis showed that: (1) in the last ten years, sustainability, consumer focus, new approaches to product development management, and organizational design have become critical considerations in the product development process stage; (2) at this stage, researchers are paying more attention to the innovation, design, product development, identification, simultaneous engineering, consequence, and stage/gate model aspects of product development; and (3) factors such as long development cycles, high costs, and poor organizational design are now common problems in the product development process.
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