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Traditional assets, digital assets and renewable energy: Investigating connectedness during COVID-19 and the Russia-Ukraine war

John W. Goodell Orcid Logo, Miklesh Prasad Yadav, Junhu Ruan, Mohammad Abedin Orcid Logo, Nidhi Malhotra Orcid Logo

Finance Research Letters, Volume: 58, Issue: A, Start page: 104323

Swansea University Author: Mohammad Abedin Orcid Logo

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DOI (Published version): 10.1016/j.frl.2023.104323

Abstract

This paper analyses the connectedness among traditional assets, digital assets and renewable energy for extending the data from December 31, 2019 to January 2, 2023. For an empirical analysis, time varying parameter (TVP-VAR) is employed. We find that Chainlink (DeFi) is the highest receiver, while...

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Published in: Finance Research Letters
ISSN: 1544-6123 1544-6131
Published: Elsevier BV 2023
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URI: https://cronfa.swan.ac.uk/Record/cronfa64238
first_indexed 2023-09-19T14:38:19Z
last_indexed 2024-11-25T14:13:41Z
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spelling 2023-12-04T17:02:26.7407842 v2 64238 2023-08-31 Traditional assets, digital assets and renewable energy: Investigating connectedness during COVID-19 and the Russia-Ukraine war 4ed8c020eae0c9bec4f5d9495d86d415 0000-0002-4688-0619 Mohammad Abedin Mohammad Abedin true false 2023-08-31 CBAE This paper analyses the connectedness among traditional assets, digital assets and renewable energy for extending the data from December 31, 2019 to January 2, 2023. For an empirical analysis, time varying parameter (TVP-VAR) is employed. We find that Chainlink (DeFi) is the highest receiver, while bitcoin is the highest transmitter of shocks to the network. Additionally, we also find that Non-Fungible Tokens (NFT) acts as the most suitable asset to be included in portfolio since it is least connected with rest of the examined assets classes. Results are important for investors and portfolio managers. Journal Article Finance Research Letters 58 A 104323 Elsevier BV 1544-6123 1544-6131 Connectedness, Traditional asset, Digital asset, Diversification, Volatility, Renewable energy, Portfolio management, DeFi, NFT 31 12 2023 2023-12-31 10.1016/j.frl.2023.104323 http://dx.doi.org/10.1016/j.frl.2023.104323 COLLEGE NANME Management School COLLEGE CODE CBAE Swansea University SU Library paid the OA fee (TA Institutional Deal) 2023-12-04T17:02:26.7407842 2023-08-31T17:39:18.6832730 Faculty of Humanities and Social Sciences School of Management - Accounting and Finance John W. Goodell 0000-0003-4126-9244 1 Miklesh Prasad Yadav 2 Junhu Ruan 3 Mohammad Abedin 0000-0002-4688-0619 4 Nidhi Malhotra 0000-0002-1587-0637 5 64238__28591__7f672f7edce340449d6764a26c4fa6fb.pdf 64238.VOR.pdf 2023-09-19T15:37:38.7712503 Output 3526662 application/pdf Version of Record true © 2023 The Author(s). Published by Elsevier Inc. Distributed under the terms of a Creative Commons Attribution 4.0 License (CC BY 4.0). true eng https://creativecommons.org/licenses/by/4.0/
title Traditional assets, digital assets and renewable energy: Investigating connectedness during COVID-19 and the Russia-Ukraine war
spellingShingle Traditional assets, digital assets and renewable energy: Investigating connectedness during COVID-19 and the Russia-Ukraine war
Mohammad Abedin
title_short Traditional assets, digital assets and renewable energy: Investigating connectedness during COVID-19 and the Russia-Ukraine war
title_full Traditional assets, digital assets and renewable energy: Investigating connectedness during COVID-19 and the Russia-Ukraine war
title_fullStr Traditional assets, digital assets and renewable energy: Investigating connectedness during COVID-19 and the Russia-Ukraine war
title_full_unstemmed Traditional assets, digital assets and renewable energy: Investigating connectedness during COVID-19 and the Russia-Ukraine war
title_sort Traditional assets, digital assets and renewable energy: Investigating connectedness during COVID-19 and the Russia-Ukraine war
author_id_str_mv 4ed8c020eae0c9bec4f5d9495d86d415
author_id_fullname_str_mv 4ed8c020eae0c9bec4f5d9495d86d415_***_Mohammad Abedin
author Mohammad Abedin
author2 John W. Goodell
Miklesh Prasad Yadav
Junhu Ruan
Mohammad Abedin
Nidhi Malhotra
format Journal article
container_title Finance Research Letters
container_volume 58
container_issue A
container_start_page 104323
publishDate 2023
institution Swansea University
issn 1544-6123
1544-6131
doi_str_mv 10.1016/j.frl.2023.104323
publisher Elsevier BV
college_str Faculty of Humanities and Social Sciences
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hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Accounting and Finance{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Accounting and Finance
url http://dx.doi.org/10.1016/j.frl.2023.104323
document_store_str 1
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description This paper analyses the connectedness among traditional assets, digital assets and renewable energy for extending the data from December 31, 2019 to January 2, 2023. For an empirical analysis, time varying parameter (TVP-VAR) is employed. We find that Chainlink (DeFi) is the highest receiver, while bitcoin is the highest transmitter of shocks to the network. Additionally, we also find that Non-Fungible Tokens (NFT) acts as the most suitable asset to be included in portfolio since it is least connected with rest of the examined assets classes. Results are important for investors and portfolio managers.
published_date 2023-12-31T14:27:05Z
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