This study examines the relationship between Environmental,Social,and Governance(ESG)factors and stock prices as well as investment performance.ESG factors have become increasingly relevant in investment decisions as ...This study examines the relationship between Environmental,Social,and Governance(ESG)factors and stock prices as well as investment performance.ESG factors have become increasingly relevant in investment decisions as investors prioritize companies with sustainable practices.Using a sample of publicly-traded companies,this research analyzes the impact of ESG factors on stock prices and investment returns.The findings suggest that companies with strong ESG performance tend to have higher stock prices and better investment performance than those with weak ESG performance.The study also highlights the significance of the individual components of ESG,such as environmental policies and corporate governance practices,on stock prices and investment returns.Overall,this research provides valuable insights for investors seeking to incorporate ESG factors into their investment decision-making processes.展开更多
Due to the transparency,simplicity,and blockchain system,cryptocurrencies gained popularity in the modern world.This led to more use of cryptocurrencies for speculation and investment rather than a medium of exchange....Due to the transparency,simplicity,and blockchain system,cryptocurrencies gained popularity in the modern world.This led to more use of cryptocurrencies for speculation and investment rather than a medium of exchange.It is crucial to analyse the nature of the crypto market before investing in such currencies.With this intention,the paper tried to know the extent of following(Followness)of altcoins to the bitcoin in the different dominance phases like High Dominance,Low Dominance,and Moderate Dominance.For this purpose,daily closing prices of the Bitcoin and five major altcoins(Ethereum,Litecoin,Namecoin,Doge,and Ripple)are collected for the last five years and analyse the relationship between bitcoin and altcoins.Pearson's correlation coefficient test is used to know the direction of the relationship,and Vector Error Correction Model is used to see the extent of the relation.In general,the empirical result of the study showed cointegration between bitcoin and Altcoin.It also depicted that Altcoin showed a high level of followness in the moderate dominance phase and low followness in the low dominance phase.The study developed a price estimation equation to predict the price of altcoins depending upon the price of bitcoin and its dominance in the crypto market.This paper concludes that the dominance of Bitcoin also has a significant role in the price movement of altcoins.展开更多
文摘This study examines the relationship between Environmental,Social,and Governance(ESG)factors and stock prices as well as investment performance.ESG factors have become increasingly relevant in investment decisions as investors prioritize companies with sustainable practices.Using a sample of publicly-traded companies,this research analyzes the impact of ESG factors on stock prices and investment returns.The findings suggest that companies with strong ESG performance tend to have higher stock prices and better investment performance than those with weak ESG performance.The study also highlights the significance of the individual components of ESG,such as environmental policies and corporate governance practices,on stock prices and investment returns.Overall,this research provides valuable insights for investors seeking to incorporate ESG factors into their investment decision-making processes.
文摘Due to the transparency,simplicity,and blockchain system,cryptocurrencies gained popularity in the modern world.This led to more use of cryptocurrencies for speculation and investment rather than a medium of exchange.It is crucial to analyse the nature of the crypto market before investing in such currencies.With this intention,the paper tried to know the extent of following(Followness)of altcoins to the bitcoin in the different dominance phases like High Dominance,Low Dominance,and Moderate Dominance.For this purpose,daily closing prices of the Bitcoin and five major altcoins(Ethereum,Litecoin,Namecoin,Doge,and Ripple)are collected for the last five years and analyse the relationship between bitcoin and altcoins.Pearson's correlation coefficient test is used to know the direction of the relationship,and Vector Error Correction Model is used to see the extent of the relation.In general,the empirical result of the study showed cointegration between bitcoin and Altcoin.It also depicted that Altcoin showed a high level of followness in the moderate dominance phase and low followness in the low dominance phase.The study developed a price estimation equation to predict the price of altcoins depending upon the price of bitcoin and its dominance in the crypto market.This paper concludes that the dominance of Bitcoin also has a significant role in the price movement of altcoins.
