On the effects of uncertainty measures on sustainability indices: An empirical investigation in a nonlinear framework
| Autor: | Paula Medina Maçaira, Rafael Baptista Palazzi, Marcelo Cabus Klotzle, Erick Meira de Oliveira, Felipe Arias Fogliano de Souza Cunha |
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| Rok vydání: | 2020 |
| Předmět: |
Sustainable development
Economics and Econometrics Multivariate statistics 050208 finance Offset (computer science) Lag 05 social sciences Globe Environmental economics Nonlinear system medicine.anatomical_structure 0502 economics and business Sustainability medicine Economics Asset (economics) 050207 economics Finance |
| Zdroj: | International Review of Financial Analysis. 70:101505 |
| ISSN: | 1057-5219 |
| DOI: | 10.1016/j.irfa.2020.101505 |
| Popis: | This study investigates the effects of uncertainty measures on the dynamics of sustainability indices across different regions of the globe in the post-crisis period. The analysis is conducted under a multivariate Nonlinear Autoregressive-Distributed Lag (NARDL) framework. The results suggest that besides contributing to the Sustainable Development Goals, sustainability indices may serve as valuable tools to investors, asset managers and other stakeholders to dampen and/or offset the negative impacts of local and global measures of uncertainty, depending on the analyzed region. Other implications and an agenda for future research are also discussed. |
| Databáze: | OpenAIRE |
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