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Contagion between investor sentiment and green bonds in China during the global uncertainties

Ahmed Bouteska, Le Thanh Ha, Faruk Bhuiyan, Taimur Sharif, Mohammad Abedin

International Review of Economics and Finance, Volume: 93, Pages: 469 - 484

Swansea University Author: Mohammad Abedin

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DOI (Published version): 10.1016/j.iref.2024.03.045

Abstract

This study explores the connectedness between investor sentiment (IS) and Chinese green bonds using a QVAR from 30th June 2017 to 29th June 2022. Dynamic connectedness is more apparent in the short term (23%) compared to the long term (4%). Net total directional connectedness over quantiles suggests...

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Published in: International Review of Economics and Finance
ISSN: 1059-0560
Published: Elsevier BV 2024
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URI: https://cronfa.swan.ac.uk/Record/cronfa65957
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last_indexed 2024-04-03T17:14:24Z
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spelling v2 65957 2024-04-03 Contagion between investor sentiment and green bonds in China during the global uncertainties 4ed8c020eae0c9bec4f5d9495d86d415 Mohammad Abedin Mohammad Abedin true false 2024-04-03 BAF This study explores the connectedness between investor sentiment (IS) and Chinese green bonds using a QVAR from 30th June 2017 to 29th June 2022. Dynamic connectedness is more apparent in the short term (23%) compared to the long term (4%). Net total directional connectedness over quantiles suggests that IS is a main net receiver of shocks during our sample period under 20% and over 80% quantile. However, IS is also a net transmitter of shocks between 20% and 80% quantile. Green bond is a net receiver of shocks over quantiles. Uncertainties such as the recent COVID-19 pandemic are attributed to changes in investor sentiment and Chinese green bonds. The findings of this article have profound implications for investors, policymakers, and the broader financial community, in terms of gaining insights into and warnings about how uncertainty occurrences can spread, and accordingly designing appropriate investment policies for stabilizing the stock market in China, and the emerging economies at large. Journal Article International Review of Economics and Finance 93 469 484 Elsevier BV 1059-0560 Investor sentiment; Green market; Uncertain times; QVAR; China 1 6 2024 2024-06-01 10.1016/j.iref.2024.03.045 COLLEGE NANME Accounting and Finance COLLEGE CODE BAF Swansea University SU Library paid the OA fee (TA Institutional Deal) This research did not receive any specific grant from funding agencies in the public, commercial, or not-for-profit sectors. 2024-04-03T18:16:38.3929940 2024-04-03T18:12:18.6332444 Faculty of Humanities and Social Sciences School of Management - Accounting and Finance Ahmed Bouteska 1 Le Thanh Ha 2 Faruk Bhuiyan 3 Taimur Sharif 4 Mohammad Abedin 5 65957__29908__9be6c4c76bd04383bedb3c06ad28d0f6.pdf 65957.VOR.pdf 2024-04-03T18:15:19.8244065 Output 7126488 application/pdf Version of Record true © 2024 The Authors. This is an open access article under the CC BY license. true eng http://creativecommons.org/licenses/by/4.0/
title Contagion between investor sentiment and green bonds in China during the global uncertainties
spellingShingle Contagion between investor sentiment and green bonds in China during the global uncertainties
Mohammad Abedin
title_short Contagion between investor sentiment and green bonds in China during the global uncertainties
title_full Contagion between investor sentiment and green bonds in China during the global uncertainties
title_fullStr Contagion between investor sentiment and green bonds in China during the global uncertainties
title_full_unstemmed Contagion between investor sentiment and green bonds in China during the global uncertainties
title_sort Contagion between investor sentiment and green bonds in China during the global uncertainties
author_id_str_mv 4ed8c020eae0c9bec4f5d9495d86d415
author_id_fullname_str_mv 4ed8c020eae0c9bec4f5d9495d86d415_***_Mohammad Abedin
author Mohammad Abedin
author2 Ahmed Bouteska
Le Thanh Ha
Faruk Bhuiyan
Taimur Sharif
Mohammad Abedin
format Journal article
container_title International Review of Economics and Finance
container_volume 93
container_start_page 469
publishDate 2024
institution Swansea University
issn 1059-0560
doi_str_mv 10.1016/j.iref.2024.03.045
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
document_store_str 1
active_str 0
description This study explores the connectedness between investor sentiment (IS) and Chinese green bonds using a QVAR from 30th June 2017 to 29th June 2022. Dynamic connectedness is more apparent in the short term (23%) compared to the long term (4%). Net total directional connectedness over quantiles suggests that IS is a main net receiver of shocks during our sample period under 20% and over 80% quantile. However, IS is also a net transmitter of shocks between 20% and 80% quantile. Green bond is a net receiver of shocks over quantiles. Uncertainties such as the recent COVID-19 pandemic are attributed to changes in investor sentiment and Chinese green bonds. The findings of this article have profound implications for investors, policymakers, and the broader financial community, in terms of gaining insights into and warnings about how uncertainty occurrences can spread, and accordingly designing appropriate investment policies for stabilizing the stock market in China, and the emerging economies at large.
published_date 2024-06-01T18:16:33Z
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score 11.017797

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