Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2049978
Do energy prices, covid19, and financial uncertainty hinder the environment and social responsibility?
Ke-Cheng Zhang
Mu-Wen Wang
Mehmet Altuntaş
Sahar Afshan
Sažetak
The COVID-19 pandemic has reached more than 215 countries
across the globe, and it has also led to severe damage to the
worldwide financial markets. Therefore, the current study explores
the role of the novel COVID-19 pandemic, the energy prices, and
the subsequent financial uncertainty on the US market’s environment
and social responsibility index (ESRI), which is considered a
good representation of the global market. The study has applied
Quantile Autoregressive Lagged Approach (QARDL) for estimation
using data from January 2010 to July 2021. The findings of the
aforementioned relationships have been reported to be similar to
the outcomes that have been observed for the short run, as
reported in the longer period of time. Precisely, for energy prices
and ESRI, the nature of the relationship remains negative.
Moreover, in terms of the relationship between the financial
uncertainty and ESRI, the nature of the relationship remains negative,
while for the relationship observed between COVID and ESRI,
the nature of the relationship remains positive. Based on these
findings, maintaining the level of compliance towards ESRI, following
the relevant SOPs, and improving the productivity of
energy resources are viable measures that can be recommended
Ključne riječi
Covid19; energy prices; financial uncertainty; environment and social responsibility index; QARDL
Hrčak ID:
302984
URI
Datum izdavanja:
31.3.2023.
Posjeta: 387 *