The present study is a novel attempt to unravel the connectedness of the green bond with energy, crypto, and carbon markets using the S&P green bond index (RSPGB). We consider MAC global solar energy index (RMGS) and ISE global wind energy index (RIGW) as proxies of the energy market and use bitcoin and the European energy exchange carbon index (REEX) for the cryptocurrency and carbon market. Employing the Diebold and Yilmaz (2012), Baruník and Krehlík (2018), and wavelet coherence econometric techniques, we find that the energy market (RMGS) has the highest connectedness derived from other asset classes, and bitcoin (RBTC) has the least connectedness. Concurrently, we find that the risk transmission is heterogeneous in different scales as the short period has less connectedness than the medium and long run. We conclude that the overall diversification opportunity among green bonds, energy stock, bitcoin, and the carbon market is more in the short-run than in the medium and long-run. In summary, our findings on the green bond market will provide investors, portfolio managers, and policymakers with critical insight into ensuring a sustainable financial market.
2 September 2023 in Journal of Social and Economic Development
Purpose: The purpose of the current paper is to identify the factors responsible for achieving business sustainability. This paper further attempts to develop a conceptual framework that can help SMEs to achieve viable business growth through improved sustainable performance. Design/methodology/approach: The study follows a methodical examination of literature published on SMEs during COVID-19. Specifically, the combination of keywords has primarily centred on SMEs, Business Practices, COVID-19 and Pandemic. The 155 research papers identified for the analysis have been classified as per geographical spread, type of papers, central theme, and theoretical foundations, which finally is followed by rigourous thematic analysis. Findings: This research contributes to the SME literature by providing methodological, conceptual and practical rigour. The framework proposed by the research covers all the relevant areas which can be useful in preparing sustainable business trajectory for SMEs. It outlines the required directives for designing sustainable business practices for SMEs and includes macro and micro determinants. It also opens up future research avenues in different areas identified in the research. Future research can be performed on comparing business practices of SMEs across the emerging and developed economies. Practical implications: In this study, we propose a framework that enables the design of sustainable business practices and thereby supports SMEs to combat any uncertain events or shocks. SMEs that can work on adopting sustainable business practices may sculpt novel avenues for growth and competitive advantage for their business. Originality/value: The study is distinctive in nature as it is based on the examination of literature published during a phenomenological event (COVID-19) which depicts the sudden and unaccounted disruptions faced by SMEs and thereby strategies formulated around the significant glitches.
The purpose of the study is to examine the influence of demand side factors on the financing preferences of small and medium-sized enterprises (SMEs). Demand side factors include SME owner/manager’s business goal, attitude towards risk and control over business, networking ties and their personal attributes. The study uses a structured questionnaire designed with the help of previous studies. A total of 309 valid responses are analysed to accomplish the research objectives. The study uses various statistical techniques namely k-means cluster analysis, exploratory factor analysis and hierarchical regression. The study uses a segmentation approach and classifies the respondents into three categories – risk avoiders, growth seekers and steady players. Furthermore, the results reveal the importance of personal attributes and networking ties of SME owner/manager with banks and suppliers. The study contributes to the extant literature of SME financing and highlights the influence of demand side factors on financing preferences of SMEs. The study also provides a new and rational angle of examining the financing preferences of SMEs. It highlights the need for awareness amongst SME owner/manager towards their behaviour and its impact on the financing decisions of firms.
This paper begins by investigating the influence of emotions on investment decision‐making (IDM) via a systematic literature review. Contrary to the traditional view of investing, behavioral finance demonstrates that investors are frequently influenced by fallacies and irrationality. The study investigates the connection between emotions and IDM by analyzing research trends, methodologies and theories in the context of financial markets. The findings indicate that emotions influence risk appraisal in an identifiable manner, with investors' subconscious desires influencing both decision‐making and market behavior. The study goes on to propose “The Rational‐Emotional Investing Model” which depicts the mechanisms by which emotions influence investment decisions. The model reflects the importance of emotional stability in decision‐making and points to the need for regulators, investors, and other financial professionals to comprehend the influence of emotions on market behavior.
Purpose: Numerous research tools exist but their usage among researchers across the different phases of the research cycle of scholarly communication remains unknown. This research aims to address this knowledge gap by mapping the research tools frequently used by global researchers against the various phases of the research cycle of scholarly communication.Design/methodology/approach: This research adopts a descriptive research design and conducts a cross-tabulation of secondary data consisting of 20,663 useable responses in a global survey of research tools for scholarly communication. This research also administered a survey to academic experts to classify the research tools according to traditional, modern, innovative and experimental categories.Findings: This research reveals the six phases of the research cycle (i.e. discovery, analysis, writing, publication, outreach and assessment) and the research tools of scholarly communication frequently used by researchers worldwide in each phase as a whole and by roles, disciplines, regions and career stages. Notably, this research indicates that most of the research tools used by researchers are classified as “modern” and “innovative”.Originality/value: The original insights herein should be useful for both established and early career researchers to gain and share research insights, as well as policymakers and existing and aspiring service providers who wish to improve the utility and usage of research tools for scholarly communication. Notably, this research represents a seminal endeavor at enhancing a global survey (secondary research) using a follow-up expert survey (primary research), which enabled the organization of research tools for scholarly communication into four refined categories. In doing so, this research contributes finer-grained insights that showcase the importance of keeping up with the advancement of technology through the use of modern, innovative and experimental research tools, thereby highlighting the need to go beyond traditional research tools for scholarly communication.