Syed Jawad Hussain Shahzad
Biographic Data
| ID | 320243 |
|---|---|
| NAME | Syed Jawad Hussain Shahzad |
| GIVEN NAMES | Syed Jawad Hussain |
| FAMILY NAME | Shahzad |
| SIGNATURE | SHAHZAD S J H |
| AFFILIATIONS | South Ural State University |
| ORCID | 0000-0003-3511-6057 |
| VERIFIED | Yes |
| TOTAL WORKS | 16 |
| TOTAL CITATIONS | 32 |
| AUTHOR COUNT | 16 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2014 |
| LATEST PUBLICATION YEAR | 2026 |
| H-INDEX | 3 |
ESG Performance and Crash Risk of the US Tourism Industry
We examine the role of environmental, social, and governance (ESG) performance on the crash risk of US travel and leisure (T&L) firms around the COVID‐19 pandemic. We find that T&L firms with low ESG scores are more exposed to stock price crash risk than US non‐T&L firms. Analysing the ESG score at the component level indicates that low environmental but high social performance increases the crash risk of T&L firms. Therefore, each ESG component …
Financial inclusion and carbon emissions in Asia: Implications for environmental sustainability
This study explores how carbon emissions are affected by financial inclusion. Using a balanced panel data set of 26 Asian countries, we compute a composite index, through the principal component analysis (PCA) technique, of financial inclusion based on a set of attributes related to financial inclusion. Our main analysis also delineates the subsamples of developed and developing Asian economies. The results reveal a long (short)-run positive (neg…
From pandemic to systemic risk: Contagion in the U.S. tourism sector
This paper investigates the interconnectedness among 95 tourism firms in the U.S. over the 2018–2020 period with a focus on the impact of the Covid-19 pandemic. The results using tail risk spillover analysis show that the level of risk contagion significantly increased during the Covid-19 pandemic. Small tourism firms become more systemically important during the Covid-19 pandemic while the level of bad risk contagion has a negative impact on the…
The hedge asset for BRICS stock markets: Bitcoin, gold or VIX
We compare the weak/strong hedging abilities of three alternative assets, namely bitcoin, gold and US VIX futures, against the downside movements in BRICS stock market indices. Results from the cross‐quantilogram approach indicate that bitcoin and gold are weak hedges. Analysis from the recursive sampling shows that each of bitcoin, gold and VIX futures has a time‐varying hedging role in some BRICS countries, which has been shaped by the COVID‐19…
Toward environmental sustainability: How do urbanization, economic growth, and industrialization affect biocapacity in Brazil
The Role of Regulatory Capital and Ownership Structure in Bank Liquidity Creation: Evidence From Emerging Asian Economies
We examine the effect of regulatory capital and ownership structure on banks’ liquidity creation in emerging Asian economies. We find a positive association between regulatory capital and bank liquidity creation, which is consistent with the risk-absorption hypothesis. Bank size has a positive relation with liquidity creation, implying that large banks have more capacity to create liquidity as they enjoy more of the safety net provided by lenders…
Oil shocks and directional predictability of macroeconomic uncertainties of developed economies: Evidence from high‐frequency data
Using high‐frequency (daily) data on macroeconomic uncertainties and the partial cross‐quantilogram approach, we examine the directional predictability of disentangled oil‐price shocks for the entire conditional distribution of uncertainties of five advanced economies (Canada, Euro Area, Japan, the United Kingdom, and the United States). Our results show that oil‐demand, oil‐supply, and financial‐risk‐related shocks can predict the future path of…
On the volatilities of tourism stocks and oil
Can Bitcoin Glitter More Than Gold for Investment Styles
We compare the hedging, safe-haven, and diversification potential of gold and Bitcoin for different investment styles and industry portfolios in the United States. We find that gold is at least a weak hedge for the style and industry portfolios except for utilities, energy, and telecom. The hedging potential of gold is comparatively higher for large-cap portfolios, whereas Bitcoin offers minimal hedging effectiveness. However, Bitcoin shows hedgi…
The energy consumption and economic growth nexus in top ten energy-consuming countries: Fresh evidence from using the quantile-on-quantile approach
A tale of two shocks: What do we learn from the impacts of economic policy uncertainties on tourism
Tourism-led growth hypothesis in the top ten tourist destinations: New evidence using the quantile-on-quantile approach
Fertility and Financial Development in South Asia
Financial development and environmental quality: The way forward
Relationship Between FDI, Terrorism and Economic Growth in Pakistan: Pre and Post 9/11 Analysis
Commodities and Stock Investment: A Multivariate Analysis
This study is a multivariate analysis of commodities and stock investment in a newly established market scenario. Return distribution asymmetry is examined with higher order movements. Skewness in commodity future’s return is largely insignificant, whereas kurtosis is highly significant for both stock and commodity future contracts. Correlation analysis is done with Pearson’s and Kendall’s tau measures. Commodities provide significant diversifica…
Tourism-led growth hypothesis in the top ten tourist destinations: New evidence using the quantile-on-quantile approach
Relationship Between FDI, Terrorism and Economic Growth in Pakistan: Pre and Post 9/11 Analysis
A tale of two shocks: What do we learn from the impacts of economic policy uncertainties on tourism
Oil shocks and directional predictability of macroeconomic uncertainties of developed economies: Evidence from high‐frequency data
Using high‐frequency (daily) data on macroeconomic uncertainties and the partial cross‐quantilogram approach, we examine the directional predictability of disentangled oil‐price shocks for the entire conditional distribution of uncertainties of five advanced economies (Canada, Euro Area, Japan, the United Kingdom, and the United States). Our results show that oil‐demand, oil‐supply, and financial‐risk‐related shocks can predict the future path of…
On the volatilities of tourism stocks and oil
Fertility and Financial Development in South Asia
Commodities and Stock Investment: A Multivariate Analysis
This study is a multivariate analysis of commodities and stock investment in a newly established market scenario. Return distribution asymmetry is examined with higher order movements. Skewness in commodity future’s return is largely insignificant, whereas kurtosis is highly significant for both stock and commodity future contracts. Correlation analysis is done with Pearson’s and Kendall’s tau measures. Commodities provide significant diversifica…
Financial development and environmental quality: The way forward
Relationship Between FDI, Terrorism and Economic Growth in Pakistan: Pre and Post 9/11 Analysis
Tourism-led growth hypothesis in the top ten tourist destinations: New evidence using the quantile-on-quantile approach
Fertility and Financial Development in South Asia
The energy consumption and economic growth nexus in top ten energy-consuming countries: Fresh evidence from using the quantile-on-quantile approach
A tale of two shocks: What do we learn from the impacts of economic policy uncertainties on tourism
On the volatilities of tourism stocks and oil
Can Bitcoin Glitter More Than Gold for Investment Styles
We compare the hedging, safe-haven, and diversification potential of gold and Bitcoin for different investment styles and industry portfolios in the United States. We find that gold is at least a weak hedge for the style and industry portfolios except for utilities, energy, and telecom. The hedging potential of gold is comparatively higher for large-cap portfolios, whereas Bitcoin offers minimal hedging effectiveness. However, Bitcoin shows hedgi…
The Role of Regulatory Capital and Ownership Structure in Bank Liquidity Creation: Evidence From Emerging Asian Economies
We examine the effect of regulatory capital and ownership structure on banks’ liquidity creation in emerging Asian economies. We find a positive association between regulatory capital and bank liquidity creation, which is consistent with the risk-absorption hypothesis. Bank size has a positive relation with liquidity creation, implying that large banks have more capacity to create liquidity as they enjoy more of the safety net provided by lenders…
Oil shocks and directional predictability of macroeconomic uncertainties of developed economies: Evidence from high‐frequency data
Using high‐frequency (daily) data on macroeconomic uncertainties and the partial cross‐quantilogram approach, we examine the directional predictability of disentangled oil‐price shocks for the entire conditional distribution of uncertainties of five advanced economies (Canada, Euro Area, Japan, the United Kingdom, and the United States). Our results show that oil‐demand, oil‐supply, and financial‐risk‐related shocks can predict the future path of…
From pandemic to systemic risk: Contagion in the U.S. tourism sector
This paper investigates the interconnectedness among 95 tourism firms in the U.S. over the 2018–2020 period with a focus on the impact of the Covid-19 pandemic. The results using tail risk spillover analysis show that the level of risk contagion significantly increased during the Covid-19 pandemic. Small tourism firms become more systemically important during the Covid-19 pandemic while the level of bad risk contagion has a negative impact on the…
The hedge asset for BRICS stock markets: Bitcoin, gold or VIX
We compare the weak/strong hedging abilities of three alternative assets, namely bitcoin, gold and US VIX futures, against the downside movements in BRICS stock market indices. Results from the cross‐quantilogram approach indicate that bitcoin and gold are weak hedges. Analysis from the recursive sampling shows that each of bitcoin, gold and VIX futures has a time‐varying hedging role in some BRICS countries, which has been shaped by the COVID‐19…
Toward environmental sustainability: How do urbanization, economic growth, and industrialization affect biocapacity in Brazil
Financial inclusion and carbon emissions in Asia: Implications for environmental sustainability
This study explores how carbon emissions are affected by financial inclusion. Using a balanced panel data set of 26 Asian countries, we compute a composite index, through the principal component analysis (PCA) technique, of financial inclusion based on a set of attributes related to financial inclusion. Our main analysis also delineates the subsamples of developed and developing Asian economies. The results reveal a long (short)-run positive (neg…
ESG Performance and Crash Risk of the US Tourism Industry
We examine the role of environmental, social, and governance (ESG) performance on the crash risk of US travel and leisure (T&L) firms around the COVID‐19 pandemic. We find that T&L firms with low ESG scores are more exposed to stock price crash risk than US non‐T&L firms. Analysing the ESG score at the component level indicates that low environmental but high social performance increases the crash risk of T&L firms. Therefore, each ESG component …
Economics (15 works) · Energy, Environment, Economic Growth (9 works) · Business (8 works) · Geography (7 works) · Econometrics (6 works) · Market Dynamics and Volatility (6 works) · Monetary economics (5 works) · Tourism (5 works) · Economic growth (4 works) · Energy, Environment, and Transportation Policies (4 works)