Waheed Ullah Shah , Ijaz Younis , Ibtissem Missaoui , Xiyu Liu
{"title":"可再生能源和金融科技市场对欧洲房地产股票市场的环境转型效应","authors":"Waheed Ullah Shah , Ijaz Younis , Ibtissem Missaoui , Xiyu Liu","doi":"10.1016/j.renene.2025.122603","DOIUrl":null,"url":null,"abstract":"<div><div>This study explores volatility and the environmental transition effect of renewable energy and fintech markets on the European real estate market during the COVID-19 pandemic and the Russia-Ukraine conflict using the TVP-VAR connectedness approach. Overall, our study found strong connectedness between renewable energy, fintech, and European real estate stock markets in both crises from January 2019 to January 2024. During COVID-19, all renewable energy and European real estate markets are key net volatility spillover receivers; whereas fintech and other real estate markets are net spillover transmitters. In the Russia-Ukraine conflict, fintech, renewable energy, and the European real estate marketsare the prime net risk spillover receivers; whereas NEX and other real estate markets are net spillover transmitters. However, market returns further decreased in the Russia-Ukraine conflict compared to COVID-19. Our study provides significant and insightful policy implications for financial, digital, green, commercial, and residential real estate, and related industry stakeholders in Europe.</div></div>","PeriodicalId":419,"journal":{"name":"Renewable Energy","volume":"243 ","pages":"Article 122603"},"PeriodicalIF":9.1000,"publicationDate":"2025-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Environmental transitions effect of renewable energy and fintech markets on Europe's real estate stock market\",\"authors\":\"Waheed Ullah Shah , Ijaz Younis , Ibtissem Missaoui , Xiyu Liu\",\"doi\":\"10.1016/j.renene.2025.122603\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>This study explores volatility and the environmental transition effect of renewable energy and fintech markets on the European real estate market during the COVID-19 pandemic and the Russia-Ukraine conflict using the TVP-VAR connectedness approach. Overall, our study found strong connectedness between renewable energy, fintech, and European real estate stock markets in both crises from January 2019 to January 2024. During COVID-19, all renewable energy and European real estate markets are key net volatility spillover receivers; whereas fintech and other real estate markets are net spillover transmitters. In the Russia-Ukraine conflict, fintech, renewable energy, and the European real estate marketsare the prime net risk spillover receivers; whereas NEX and other real estate markets are net spillover transmitters. However, market returns further decreased in the Russia-Ukraine conflict compared to COVID-19. Our study provides significant and insightful policy implications for financial, digital, green, commercial, and residential real estate, and related industry stakeholders in Europe.</div></div>\",\"PeriodicalId\":419,\"journal\":{\"name\":\"Renewable Energy\",\"volume\":\"243 \",\"pages\":\"Article 122603\"},\"PeriodicalIF\":9.1000,\"publicationDate\":\"2025-04-15\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Renewable Energy\",\"FirstCategoryId\":\"5\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S0960148125002654\",\"RegionNum\":1,\"RegionCategory\":\"工程技术\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"2025/2/4 0:00:00\",\"PubModel\":\"Epub\",\"JCR\":\"Q1\",\"JCRName\":\"ENERGY & FUELS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Renewable Energy","FirstCategoryId":"5","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0960148125002654","RegionNum":1,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"2025/2/4 0:00:00","PubModel":"Epub","JCR":"Q1","JCRName":"ENERGY & FUELS","Score":null,"Total":0}
Environmental transitions effect of renewable energy and fintech markets on Europe's real estate stock market
This study explores volatility and the environmental transition effect of renewable energy and fintech markets on the European real estate market during the COVID-19 pandemic and the Russia-Ukraine conflict using the TVP-VAR connectedness approach. Overall, our study found strong connectedness between renewable energy, fintech, and European real estate stock markets in both crises from January 2019 to January 2024. During COVID-19, all renewable energy and European real estate markets are key net volatility spillover receivers; whereas fintech and other real estate markets are net spillover transmitters. In the Russia-Ukraine conflict, fintech, renewable energy, and the European real estate marketsare the prime net risk spillover receivers; whereas NEX and other real estate markets are net spillover transmitters. However, market returns further decreased in the Russia-Ukraine conflict compared to COVID-19. Our study provides significant and insightful policy implications for financial, digital, green, commercial, and residential real estate, and related industry stakeholders in Europe.
期刊介绍：
Renewable Energy journal is dedicated to advancing knowledge and disseminating insights on various topics and technologies within renewable energy systems and components. Our mission is to support researchers, engineers, economists, manufacturers, NGOs, associations, and societies in staying updated on new developments in their respective fields and applying alternative energy solutions to current practices.
As an international, multidisciplinary journal in renewable energy engineering and research, we strive to be a premier peer-reviewed platform and a trusted source of original research and reviews in the field of renewable energy. Join us in our endeavor to drive innovation and progress in sustainable energy solutions.
京公网安备 11010802042870号
京ICP备2023020795号-1
分享
求助内容：
应助结果提醒方式：
扫码关注我们
