矿产资源开发部门如何与伊斯兰企业和传统企业互动?在绿色改革和最新技术进步的影响下的启示

IF 10.2 2区 经济学 0 ENVIRONMENTAL STUDIES Resources Policy Pub Date : 2024-09-09 DOI:10.1016/j.resourpol.2024.105287
Mahdi Ghaemi Asl, Mohammad Nasr Isfahani, Mahsa Mohammadi
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引用次数: 0

摘要

本研究采用量子交叉谱分析和量子关联度方法,研究了战略资源开采者和勘探者与传统和伊斯兰风险投资之间的趋同性。研究分析了 2016 年 9 月 19 日至 2023 年 9 月 14 日与这些风险投资相关的交易所交易基金的数据。研究结果显示,伊斯兰风险投资与传统风险投资之间存在明显差异。伊斯兰风险投资与自然资源开采者和勘探者的量子交叉谱一致性较低,凸显了其固有的对冲能力,尤其是在以绿色改革为导向和技术先进的行业。研究发现了不同市场条件下的微妙动态。在熊市期间,不断发展的企业主要充当石油和铀行业的净传输者,同时承受来自金融科技平台的冲击。相反,传统企业更容易受到科技软件行业和具有社会意识的公司的冲击,成为净接收者。在正常市场和牛市中,这种动态会发生变化,不断发展的企业会成为冲击的追随者,而传统企业则会成为领导者。研究还强调了在不同市场条件下受到这两类风险投资影响的特定行业,强调了不断发展的金融战略与传统金融战略之间的相互作用。政策影响强调,需要制定考虑市场条件和行业复杂性的定制战略。提高透明度、完善风险管理工具以及促进伊斯兰金融与绿色产业之间的合作,对于可持续资源治理至关重要。
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How does the mineral resource exploitation sector interact with Islamic and traditional ventures? Insights amidst the impact of green reforms and state-of-the-art technological advancements

This study examines the convergence between strategic resource miners and explorers with both conventional and Islamic ventures using quantile cross-spectral analysis and the quantile connectedness approach. It analyzes data from exchange-traded funds related to these ventures from September 19, 2016, to September 14, 2023. The findings reveal significant differences between Islamic and conventional ventures. Islamic ventures show lower quantile cross-spectral coherence with natural resource miners and explorers, highlighting their inherent hedging capability, particularly in green reform-oriented and technologically advanced industries. The study identifies nuanced dynamics across various market conditions. During bear markets, evolving ventures mainly act as net transmitters to the oil and uranium industries while experiencing shocks from FinTech platforms. Conversely, conventional ventures are more vulnerable to shocks from the tech-software sector and socially conscious companies, emerging as net receivers. This dynamic shifts in normal and bull markets, with evolving ventures becoming followers of shocks and conventional ventures assuming leadership. The study also highlights specific industries impacted by both types of ventures in different market conditions, emphasizing the interplay between evolving and conventional financial strategies. Policy implications stress the need for tailored strategies that consider market conditions and industry intricacies. Promoting transparency, refining risk management tools, and fostering collaboration between Islamic finance and green industries are essential for sustainable resource governance.

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来源期刊
Resources Policy
Resources Policy ENVIRONMENTAL STUDIES-
CiteScore
13.40
自引率
23.50%
发文量
602
审稿时长
69 days
期刊介绍: Resources Policy is an international journal focused on the economics and policy aspects of mineral and fossil fuel extraction, production, and utilization. It targets individuals in academia, government, and industry. The journal seeks original research submissions analyzing public policy, economics, social science, geography, and finance in the fields of mining, non-fuel minerals, energy minerals, fossil fuels, and metals. Mineral economics topics covered include mineral market analysis, price analysis, project evaluation, mining and sustainable development, mineral resource rents, resource curse, mineral wealth and corruption, mineral taxation and regulation, strategic minerals and their supply, and the impact of mineral development on local communities and indigenous populations. The journal specifically excludes papers with agriculture, forestry, or fisheries as their primary focus.
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