Volatility transmission from critical minerals prices to green investments

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27360%2F23%3A10253607" target="_blank" >RIV/61989100:27360/23:10253607 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.sciencedirect.com/science/article/abs/pii/S0301420723002076?via%3Dihub" target="_blank" >https://www.sciencedirect.com/science/article/abs/pii/S0301420723002076?via%3Dihub</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.resourpol.2023.103499" target="_blank" >10.1016/j.resourpol.2023.103499</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Volatility transmission from critical minerals prices to green investments

Popis výsledku v původním jazyce

Green investments offer a promising market-based approach to combating global climate change, yet they are susceptible to risk transmission from various assets. While existing literature has primarily focused on the volatility implications among green investments, traditional stock returns, energy, and precious metals markets, it has overlooked the potential for volatility transmission from critical minerals markets to green investments. This is because the clean production process involves both eco-friendly stock and mineral markets, so fluctua-tions in mineral prices can result in volatility spillover to green investments. In this study, we examine the volatility transmission from critical mineral prices (such as copper, nickel, and lead) to green bonds and green equities in a global context. Using cross-quantilogram and cross-quantile spectrum analysis, we analyse daily data from October 31, 2014, to October 5, 2022, taking into account short-, medium-, and long-term investment horizons. Our findings indicate strong short-and long-term connections between green financial and mineral markets during market booms and busts. Conversely, under normal market conditions, both markets tend to behave independently. Our results provide valuable insights for green project managers, investors, and policy -makers, highlighting the efficiency of green investments in achieving environmental goals.

Název v anglickém jazyce

Volatility transmission from critical minerals prices to green investments

Popis výsledku anglicky

Green investments offer a promising market-based approach to combating global climate change, yet they are susceptible to risk transmission from various assets. While existing literature has primarily focused on the volatility implications among green investments, traditional stock returns, energy, and precious metals markets, it has overlooked the potential for volatility transmission from critical minerals markets to green investments. This is because the clean production process involves both eco-friendly stock and mineral markets, so fluctua-tions in mineral prices can result in volatility spillover to green investments. In this study, we examine the volatility transmission from critical mineral prices (such as copper, nickel, and lead) to green bonds and green equities in a global context. Using cross-quantilogram and cross-quantile spectrum analysis, we analyse daily data from October 31, 2014, to October 5, 2022, taking into account short-, medium-, and long-term investment horizons. Our findings indicate strong short-and long-term connections between green financial and mineral markets during market booms and busts. Conversely, under normal market conditions, both markets tend to behave independently. Our results provide valuable insights for green project managers, investors, and policy -makers, highlighting the efficiency of green investments in achieving environmental goals.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2023

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Resources Policy

ISSN

0301-4207

e-ISSN

1873-7641

Svazek periodika

82

Číslo periodika v rámci svazku

Neuveden

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

18

Strana od-do

—

Kód UT WoS článku

000958445200001

EID výsledku v databázi Scopus

2-s2.0-85151794691