Do energy prices, covid19, and financial uncertainty hinder the environment and social responsibility

Bibliographic Data

ID15067359
AuthorsKecheng Zhang (0000-0002-4611-7648, Shandong Women’s University, corresponding author), Ke-Cheng Zhang (Shandong Women’s University), Muwen Wang (0000-0002-5436-1763, Shandong Women’s University), Mu-Wen Wang (Shandong Women’s University), Mehmet Altuntaş (0000-0001-5624-968X, Department of Economics, Faculty of Economics, Administrative and Social Sciences, Nisantasi University, Istanbul, Turkey), Sahar Afshan (0000-0001-8067-0159, Northern University of Malaysia)
Year2022
Volume35
Issue1
Pages6500-6518
Publication date2022-12-31
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueEconomic Research-Ekonomska Istraživanja (JOURNAL)
Journal identifiersISSN: 1331-677X • E-ISSN: 1848-9664
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/1331677x.2022.2049978
OpenAlexW4220885426
LanguageEN
References cited71

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

Business · Econometrics · Economics · Estimation · Financial market · Globe · Pandemic · Political science · Social responsibility · Statistics · COVID-19 impact on air quality · COVID-19 Pandemic Impacts · Energy, Environment, Economic Growth · Medicine · Psychology · Finance

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