All Outputs (77)

Fueling Financial Development: The Crucial Role of Generative AI Financing Across Nations (2024)
Journal Article
Bakkar Siddik, A., Li, Y., Du, A. M., & Migliavacca, M. (online). Fueling Financial Development: The Crucial Role of Generative AI Financing Across Nations. Finance Research Letters, https://doi.org/10.1016/j.frl.2024.106519

This study examines the impact of Generative AI (GAI) financing on financial development (FD) across 21 countries using cross-sectional data from 2020 to 2022. Employing both simple linear regression and two-stage least squares (2SLS) to address endo... Read More about Fueling Financial Development: The Crucial Role of Generative AI Financing Across Nations.

Digital Financial Inclusion, the Belt and Road Initiative, and the Paris Agreement: Impacts on Energy Transition Grid Costs (2024)
Journal Article
Zubair Chishti, M., Xia, X., Du, A. M., & Ozkan, O. (online). Digital Financial Inclusion, the Belt and Road Initiative, and the Paris Agreement: Impacts on Energy Transition Grid Costs. Finance Research Letters, https://doi.org/10.1016/j.frl.2024.106517

We investigate how digital financial inclusion, the Belt and Road Initiative, and the Paris Agreement influence the energy transition grid cost. We propose two new Kendall and Spearman wavelet cross-quantile correlation methods and utilize data from... Read More about Digital Financial Inclusion, the Belt and Road Initiative, and the Paris Agreement: Impacts on Energy Transition Grid Costs.

Artificial intelligence as a catalyst for sustainable tourism growth and economic cycles (2024)
Journal Article
Siddik, A. B., Forid, M. S., Yong, L., Du, A. M., & Goodell, J. W. (2025). Artificial intelligence as a catalyst for sustainable tourism growth and economic cycles. Technological Forecasting and Social Change, 210, Article 123875. https://doi.org/10.1016/j.techfore.2024.123875

We investigate the role of artificial intelligence (AI) in promoting sustainable tourism growth and its implications for the next technological and economic cycle. Focusing on the top ten global tourist destinations from 2010 to 2022, we investigate... Read More about Artificial intelligence as a catalyst for sustainable tourism growth and economic cycles.

“Volatility in a Mug Cup”: Spillovers Among Cocoa, Coffee, Sugar Futures and the Role of Climate Policy Risk (2024)
Journal Article
Ge, J., Min Du, A., & Lin, B. (2025). “Volatility in a Mug Cup”: Spillovers Among Cocoa, Coffee, Sugar Futures and the Role of Climate Policy Risk. Research in International Business and Finance, 73(Part A), 102634. https://doi.org/10.1016/j.ribaf.2024.102634

Hot beverages have surged in popularity due to the increasing emphasis on healthy living among consumers. This trend extends upstream to prosper futures markets for essential raw materials within the supply chain. However, there is... Read More about “Volatility in a Mug Cup”: Spillovers Among Cocoa, Coffee, Sugar Futures and the Role of Climate Policy Risk.

Influence of green ICT and socioeconomic factors on sustainable development: Evidence from Chinese provinces (2024)
Journal Article
Chishti, M. Z., Salam, M., Xaisongkham, S., & Du, A. M. (2025). Influence of green ICT and socioeconomic factors on sustainable development: Evidence from Chinese provinces. Research in International Business and Finance, 73(Part A), Article 102624. https://doi.org/10.1016/j.ribaf.2024.102624

We examine the impact of green information communication technology, while considering the conditioning role of other seminal factors. Using panel quantile-quantile granger causality testing and method of moments quantile regression for Chinese provi... Read More about Influence of green ICT and socioeconomic factors on sustainable development: Evidence from Chinese provinces.

Towards sustainable agricultural development and food security in East Asia: The role of broad money and banking credits (2024)
Journal Article
Chandio, A. A., Ozdemir, D., Vigne, S. A., & Du, A. M. (2024). Towards sustainable agricultural development and food security in East Asia: The role of broad money and banking credits. International Review of Economics and Finance, 96(Part B), Article 103677. https://doi.org/10.1016/j.iref.2024.103677

The existing literature has extensively explored the role of financial development in boosting agricultural output. However, there is a lack of empirical research on the effects of broad money and banking credits on food production in East Asian coun... Read More about Towards sustainable agricultural development and food security in East Asia: The role of broad money and banking credits.

Unlocking Funding Success for Generative AI Startups: The Crucial Role of Investor Influence (2024)
Journal Article
Siddik, A. B., Li, Y., & Du, A. M. (2024). Unlocking Funding Success for Generative AI Startups: The Crucial Role of Investor Influence. Finance Research Letters, 69(Part B), Article 106203. https://doi.org/10.1016/j.frl.2024.106203

Generative AI (GAI) is transforming industries by enabling autonomous content creation. This study explores the impact of investor and technological influences on the funding of 556 GAI startups from 2010 to July 2024. Using princip... Read More about Unlocking Funding Success for Generative AI Startups: The Crucial Role of Investor Influence.

Dynamic spillover effects and interconnectedness of DeFi assets, commodities, and Islamic stock markets during crises (2024)
Journal Article
Younis, I., Du, A. M., Gupta, H., & Ullah Shah, W. (2024). Dynamic spillover effects and interconnectedness of DeFi assets, commodities, and Islamic stock markets during crises. International Review of Financial Analysis, 96(Part A), Article 103563. https://doi.org/10.1016/j.irfa.2024.103563

Decentralized Finance (DeFi) assets, commodities, and Islamic stock market cointegration are affected by technological innovations, market dynamics, investor behavior, and crises. This study investigates the dynamics of returns and volatility for thr... Read More about Dynamic spillover effects and interconnectedness of DeFi assets, commodities, and Islamic stock markets during crises.

Ecological risk and corporate sustainability: Examining ESG performance, risk management, and productivity (2024)
Journal Article
Du, Q., Sun, Z., Goodell, J. W., Du, A. M., & Yang, T. (2024). Ecological risk and corporate sustainability: Examining ESG performance, risk management, and productivity. International Review of Financial Analysis, 96(Part A), Article 103551. https://doi.org/10.1016/j.irfa.2024.103551

Environmental, social, and governance (ESG) performance is an essential indicator of sustainable corporate behaviour that balances short-term gains with long-term societal growth and ecological preservation. We scrutinise the influence of ESG perform... Read More about Ecological risk and corporate sustainability: Examining ESG performance, risk management, and productivity.

Towards sustainability: Examining financial, economic, and societal determinants of environmental degradation (2024)
Journal Article
El Khoury, R., Min Du, A., Nasrallah, N., Marashdeh, H., & Atayah, O. F. (2025). Towards sustainability: Examining financial, economic, and societal determinants of environmental degradation. Research in International Business and Finance, 73(Part A), Article 102557. https://doi.org/10.1016/j.ribaf.2024.102557

We examine the determinants of environmental degradation, focusing on MENA economies from 1991 to 2020, with a particular focus on the role of sectoral composition. Specifically, we assess the contributions of the industrial, manufa... Read More about Towards sustainability: Examining financial, economic, and societal determinants of environmental degradation.

How Does the Digital Economy Affect the Green Transition: The Role of Industrial Intelligence and E-Commerce (2024)
Journal Article
Huang, C., Min Du, A., & Lin, B. (2025). How Does the Digital Economy Affect the Green Transition: The Role of Industrial Intelligence and E-Commerce. Research in International Business and Finance, 73(Part A), Article 102541. https://doi.org/10.1016/j.ribaf.2024.102541

As a new economic form, the digital economy (DE) significantly impacts green development. However, the impact of the DE on green total factor productivity (GTFP) remains controversial. A two-way fixed effect model is constructed to explore the impact... Read More about How Does the Digital Economy Affect the Green Transition: The Role of Industrial Intelligence and E-Commerce.

Interplay between oil prices, country risks, and stock returns in the context of global conflict: A PVAR approach (2024)
Journal Article
Dong, Q., Du, Q., & Min Du, A. (2024). Interplay between oil prices, country risks, and stock returns in the context of global conflict: A PVAR approach. Research in International Business and Finance, 72(Part B), 102545. https://doi.org/10.1016/j.ribaf.2024.102545

Employing the panel vector autoregressive (PVAR) modeling, we analyze the interplay among oil prices, country risks, and stock returns across twenty-nine economies from February 2005 to August 2020. We find that, in the short run, rising oil prices t... Read More about Interplay between oil prices, country risks, and stock returns in the context of global conflict: A PVAR approach.

Return and volatility connectedness between agricultural tokens and us equity sectors (2024)
Journal Article
Ali, A., Yousfi, M., Chughtai, S., & Min Du, A. (2024). Return and volatility connectedness between agricultural tokens and us equity sectors. Research in International Business and Finance, 72(Part B), 102544. https://doi.org/10.1016/j.ribaf.2024.102544

This study investigates the return and volatility interconnectedness between emerging digital assets, specifically agricultural tokens, and U.S. equity sectors using the TVP-VAR model. Analyzing data from August 7, 2020, to January 2, 2024, the findi... Read More about Return and volatility connectedness between agricultural tokens and us equity sectors.

Ecological risk management: Effects of carbon risk on firm innovation investment (2024)
Journal Article
Li, F., Goodell, J. W., Du, A. M., & Yang, T. (2024). Ecological risk management: Effects of carbon risk on firm innovation investment. International Review of Financial Analysis, 95(Part B), Article 103514. https://doi.org/10.1016/j.irfa.2024.103514

We investigate the impact of carbon risk on firms' innovation investments. Using a two-way fixed-effects panel regression with a panel dataset of Chinese listed firms for 2018–2021, we find that carbon risk inhibits firms' innovation investments. We... Read More about Ecological risk management: Effects of carbon risk on firm innovation investment.

The information environment and ecological environment perspectives: Capital market openness and firm ESG rating divergence (2024)
Journal Article
Sun, Z., Du, Q., Du, A. M., Li, Z., & Yang, T. (2024). The information environment and ecological environment perspectives: Capital market openness and firm ESG rating divergence. Research in International Business and Finance, 71, Article 102475. https://doi.org/10.1016/j.ribaf.2024.102475

Amid increasing demands for green economic growth, firms must adapt their business models and development strategies. However, most of the studies on this topic focus on examining the economic consequences of differences in firms’ environmental, soci... Read More about The information environment and ecological environment perspectives: Capital market openness and firm ESG rating divergence.

The Digital Economy and Entrepreneurial Dynamics: An Empirical Analysis of Urban Regions in China (2024)
Journal Article
Wang, S., Song, Y., Du, A. M., & Liang, J. (2024). The Digital Economy and Entrepreneurial Dynamics: An Empirical Analysis of Urban Regions in China. Research in International Business and Finance, 71, Article 102459. https://doi.org/10.1016/j.ribaf.2024.102459

The economic landscape in China has evolved to what is termed a “new normal”, marked by a strategic focus on the digital economy as a lever for regional entrepreneurship. This change is considered essential for fostering shared wealth and elevating t... Read More about The Digital Economy and Entrepreneurial Dynamics: An Empirical Analysis of Urban Regions in China.

Economic vulnerabilities and sustainability in energy utilities: Managing climate change in the face of geopolitical turmoil (2024)
Journal Article
Du, Q., Xue, M., Li, Z., Du, A. M., & Yang, T. (2024). Economic vulnerabilities and sustainability in energy utilities: Managing climate change in the face of geopolitical turmoil. Research in International Business and Finance, 71, Article 102436. https://doi.org/10.1016/j.ribaf.2024.102436

This study investigates the implications of climate change on the environmental management strategies adopted by Chinese energy utility companies over the period from 2008 to 2021. The study highlights that an increase in temperatures correlates with... Read More about Economic vulnerabilities and sustainability in energy utilities: Managing climate change in the face of geopolitical turmoil.

Spillover Dynamics in DeFi, G7 Banks, and Equity Markets During Global Crises: A TVP-VAR Analysis (2024)
Journal Article
Younis, I., Gupta, H., Du, A. M., Ullah Shah, W., & Hanif, W. (2024). Spillover Dynamics in DeFi, G7 Banks, and Equity Markets During Global Crises: A TVP-VAR Analysis. Research in International Business and Finance, 70(Part B), Article 102405. https://doi.org/10.1016/j.ribaf.2024.102405

Decentralized finance (DeFi) has become of significant interest for investors in both the financial and digital sectors. We use a time-varying parameter vector autoregression (TVP-VAR) approach to estimate the static and dynamic connections between a... Read More about Spillover Dynamics in DeFi, G7 Banks, and Equity Markets During Global Crises: A TVP-VAR Analysis.

Dual carbon goals and renewable energy innovations (2024)
Journal Article
Cheng, X., Ye, K., Du, A. M., Bao, Z., & Chlomou, G. (2024). Dual carbon goals and renewable energy innovations. Research in International Business and Finance, 70(Part B), Article 102406. https://doi.org/10.1016/j.ribaf.2024.102406

We examine the impact of renewable energy technology innovation on carbon emissions within the framework of China's ‘dual carbon’ goal, focusing on the role of local (provincial) government innovation competitions and economic competition. Analyzing... Read More about Dual carbon goals and renewable energy innovations.

From black to green: Quantifying the impact of economic growth, resource management, and green technologies on CO2 emissions (2024)
Journal Article
Shahbaz, M., Patel, N., Du, A. M., & Ahmad, S. (2024). From black to green: Quantifying the impact of economic growth, resource management, and green technologies on CO2 emissions. Journal of Environmental Management, 360, Article 121091. https://doi.org/10.1016/j.jenvman.2024.121091

In an exploration of environmental concerns, this groundbreaking research delves into the relationship between GDP per capita, coal rents, forest rents, mineral rents, oil rents, natural gas rents, fossil fuels, renewables, environmental tax and envi... Read More about From black to green: Quantifying the impact of economic growth, resource management, and green technologies on CO2 emissions.