{"id":"https://openalex.org/W3138620485","doi":"https://doi.org/10.1080/20430795.2021.1896988","title":"Stock market indices and sustainability: A comparison between them","display_name":"Stock market indices and sustainability: A comparison between them","publication_year":2021,"publication_date":"2021-03-12","ids":{"openalex":"https://openalex.org/W3138620485","doi":"https://doi.org/10.1080/20430795.2021.1896988","mag":"3138620485"},"language":"en","primary_location":{"id":"doi:10.1080/20430795.2021.1896988","doi":"https://doi.org/10.1080/20430795.2021.1896988","is_oa":false,"landing_page_url":"https://doi.org/10.1080/20430795.2021.1896988","pdf_url":null,"source":{"id":"https://openalex.org/S4210206470","display_name":"Journal of Sustainable Finance & Investment","issn_l":"2043-0795","issn":["2043-0795","2043-0809"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-20","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Sustainable Finance & Investment","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://hdl.handle.net/10641/2992","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5042352239","display_name":"Teresa De Dios Alija","orcid":"https://orcid.org/0000-0001-7746-9307","observed_orcids":["https://orcid.org/0000-0001-7746-9307"]},"institutions":[{"id":"https://openalex.org/I232005693","display_name":"Universidad Francisco de Vitoria","ror":"https://ror.org/03ha64j07","country_code":"ES","type":"education","lineage":["https://openalex.org/I232005693"]}],"countries":["ES"],"is_corresponding":false,"raw_author_name":"Teresa de Dios-Alija","raw_affiliation_strings":["Universidad Francisco de Vitoria, Madrid, Spain"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Universidad Francisco de Vitoria, Madrid, Spain","institution_ids":["https://openalex.org/I232005693"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5016109507","display_name":"Marta del R\u00edo Caballero","orcid":"https://orcid.org/0000-0003-3233-7831","observed_orcids":["https://orcid.org/0000-0003-3233-7831"]},"institutions":[{"id":"https://openalex.org/I232005693","display_name":"Universidad Francisco de Vitoria","ror":"https://ror.org/03ha64j07","country_code":"ES","type":"education","lineage":["https://openalex.org/I232005693"]}],"countries":["ES"],"is_corresponding":false,"raw_author_name":"Marta del R\u00edo Caballero","raw_affiliation_strings":["Universidad Francisco de Vitoria, Madrid, Spain"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Universidad Francisco de Vitoria, Madrid, Spain","institution_ids":["https://openalex.org/I232005693"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5056796755","display_name":"Luis A. Gil\u2010Alana","orcid":"https://orcid.org/0000-0002-5760-3123","observed_orcids":["https://orcid.org/0000-0002-5760-3123","https://orcid.org/0000-0002-3706-6498"]},"institutions":[{"id":"https://openalex.org/I232005693","display_name":"Universidad Francisco de Vitoria","ror":"https://ror.org/03ha64j07","country_code":"ES","type":"education","lineage":["https://openalex.org/I232005693"]},{"id":"https://openalex.org/I88155538","display_name":"Universidad de Navarra","ror":"https://ror.org/02rxc7m23","country_code":"ES","type":"education","lineage":["https://openalex.org/I88155538"]}],"countries":["ES"],"is_corresponding":true,"raw_author_name":"Luis Alberiko Gil-Alana","raw_affiliation_strings":["Universidad Francisco de Vitoria, Madrid, Spain","University of Navarra, Pamplona, Spain"],"raw_orcid":"https://orcid.org/0000-0002-5760-3123","affiliations":[{"raw_affiliation_string":"Universidad Francisco de Vitoria, Madrid, Spain","institution_ids":["https://openalex.org/I232005693"]},{"raw_affiliation_string":"University of Navarra, Pamplona, Spain","institution_ids":["https://openalex.org/I88155538"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5053020167","display_name":"Miguel Martin-Valmayor","orcid":"https://orcid.org/0000-0003-4522-9960","observed_orcids":["https://orcid.org/0000-0003-4522-9960"]},"institutions":[{"id":"https://openalex.org/I121748325","display_name":"Universidad Complutense de Madrid","ror":"https://ror.org/02p0gd045","country_code":"ES","type":"education","lineage":["https://openalex.org/I121748325"]},{"id":"https://openalex.org/I232005693","display_name":"Universidad Francisco de Vitoria","ror":"https://ror.org/03ha64j07","country_code":"ES","type":"education","lineage":["https://openalex.org/I232005693"]}],"countries":["ES"],"is_corresponding":false,"raw_author_name":"Miguel Martin-Valmayor","raw_affiliation_strings":["Universidad Complutense de Madrid, Madrid, Spain","Universidad Francisco de Vitoria, Madrid, Spain"],"raw_orcid":"https://orcid.org/0000-0003-4522-9960","affiliations":[{"raw_affiliation_string":"Universidad Complutense de Madrid, Madrid, Spain","institution_ids":["https://openalex.org/I121748325"]},{"raw_affiliation_string":"Universidad Francisco de Vitoria, Madrid, Spain","institution_ids":["https://openalex.org/I232005693"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5056796755"],"corresponding_institution_ids":["https://openalex.org/I232005693","https://openalex.org/I88155538"],"apc_list":null,"apc_paid":null,"fwci":2.5505,"has_fulltext":false,"cited_by_count":20,"citation_normalized_percentile":{"value":0.8979106,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":87,"max":98},"biblio":{"volume":"14","issue":"3","first_page":"642","last_page":"657"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.7865999937057495,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.7865999937057495,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13146","display_name":"Sustainable Finance and Green Bonds","score":0.06129999831318855,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.055799998342990875,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/stock-market-indices","display_name":"stock market indices","score":0.6539999842643738},{"id":"https://openalex.org/keywords/long-range-dependence","display_name":"long-range dependence","score":0.8569999933242798},{"id":"https://openalex.org/keywords/persistence","display_name":"persistence","score":0.7170000076293945},{"id":"https://openalex.org/keywords/mean-reversion","display_name":"mean reversion","score":1.0},{"id":"https://openalex.org/keywords/fractional-integration","display_name":"fractional integration","score":0.9539999961853027},{"id":"https://openalex.org/keywords/dow-jones-industrial-average","display_name":"Dow Jones Industrial Average","score":0.6840000152587891},{"id":"https://openalex.org/keywords/hang-seng-index","display_name":"Hang Seng Index","score":0.9990000128746033},{"id":"https://openalex.org/keywords/absolute-returns","display_name":"absolute returns","score":0.593999981880188},{"id":"https://openalex.org/keywords/squared-returns","display_name":"squared returns","score":0.8059999942779541}],"concepts":[{"id":"https://openalex.org/C135205223","wikidata":"https://www.wikidata.org/wiki/Q367137","display_name":"Mean reversion","level":2,"score":0.8234279155731201},{"id":"https://openalex.org/C2986394398","wikidata":"https://www.wikidata.org/wiki/Q1805477","display_name":"Long memory","level":3,"score":0.7605047225952148},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.6279959678649902},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.6236956119537354},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5676295757293701},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.5573322176933289},{"id":"https://openalex.org/C88389905","wikidata":"https://www.wikidata.org/wiki/Q223371","display_name":"Stock market index","level":4,"score":0.5340880751609802},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.5301312804222107},{"id":"https://openalex.org/C66204764","wikidata":"https://www.wikidata.org/wiki/Q219416","display_name":"Sustainability","level":2,"score":0.48390015959739685},{"id":"https://openalex.org/C2781323245","wikidata":"https://www.wikidata.org/wiki/Q1363761","display_name":"Hang","level":2,"score":0.4525725543498993},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.18734952807426453},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.1162169873714447},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.08895805478096008},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.06848788261413574},{"id":"https://openalex.org/C111919701","wikidata":"https://www.wikidata.org/wiki/Q9135","display_name":"Operating system","level":1,"score":0.0},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1080/20430795.2021.1896988","doi":"https://doi.org/10.1080/20430795.2021.1896988","is_oa":false,"landing_page_url":"https://doi.org/10.1080/20430795.2021.1896988","pdf_url":null,"source":{"id":"https://openalex.org/S4210206470","display_name":"Journal of Sustainable Finance & Investment","issn_l":"2043-0795","issn":["2043-0795","2043-0809"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-20","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Sustainable Finance & Investment","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:taf:jsustf:v:14:y:2024:i:3:p:642-657","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1080/20430795.2021.1896988","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:ddfv.ufv.es:10641/2992","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10641/2992","pdf_url":null,"source":{"id":"https://openalex.org/S4306401997","display_name":"Deposito Digital UFV (Francisco de Vitoria University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I232005693","host_organization_name":"Universidad Francisco de Vitoria","host_organization_lineage":["https://openalex.org/I232005693"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"article"}],"best_oa_location":{"id":"pmh:oai:ddfv.ufv.es:10641/2992","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10641/2992","pdf_url":null,"source":{"id":"https://openalex.org/S4306401997","display_name":"Deposito Digital UFV (Francisco de Vitoria University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I232005693","host_organization_name":"Universidad Francisco de Vitoria","host_organization_lineage":["https://openalex.org/I232005693"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"article"},"sustainable_development_goals":[],"study_designs":[],"awards":[{"id":"https://openalex.org/G5180563873","display_name":null,"funder_award_id":"ECO2017-85503-R","funder_id":"https://openalex.org/F4320321595","funder_display_name":"Federaci\u00f3n Espa\u00f1ola de Enfermedades Raras"}],"funders":[{"id":"https://openalex.org/F4320321595","display_name":"Federaci\u00f3n Espa\u00f1ola de Enfermedades Raras","ror":"https://ror.org/0348bpk17"},{"id":"https://openalex.org/F4320326262","display_name":"Ministerio de Asuntos Econ\u00f3micos y Transformaci\u00f3n Digital, Gobierno de Espa\u00f1a","ror":"https://ror.org/03sv46s19"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":34,"referenced_works":["https://openalex.org/W234886433","https://openalex.org/W435439981","https://openalex.org/W633661686","https://openalex.org/W1439731406","https://openalex.org/W1506701226","https://openalex.org/W1756840672","https://openalex.org/W1887592854","https://openalex.org/W1991892341","https://openalex.org/W2000949391","https://openalex.org/W2005424182","https://openalex.org/W2007210165","https://openalex.org/W2007537970","https://openalex.org/W2024552110","https://openalex.org/W2028308098","https://openalex.org/W2046738567","https://openalex.org/W2046893089","https://openalex.org/W2049057506","https://openalex.org/W2072427260","https://openalex.org/W2072630736","https://openalex.org/W2080225935","https://openalex.org/W2089309985","https://openalex.org/W2089325011","https://openalex.org/W2110360368","https://openalex.org/W2289969916","https://openalex.org/W2507445618","https://openalex.org/W2562896993","https://openalex.org/W2622143106","https://openalex.org/W2624709916","https://openalex.org/W2705093391","https://openalex.org/W2891299020","https://openalex.org/W2935741220","https://openalex.org/W3037743097","https://openalex.org/W4244549379","https://openalex.org/W4251238138"],"related_works":["https://openalex.org/W3000396045","https://openalex.org/W3167699629","https://openalex.org/W4406864258","https://openalex.org/W7134164033","https://openalex.org/W7169501057","https://openalex.org/W4304687649","https://openalex.org/W7091271308","https://openalex.org/W7117707117","https://openalex.org/W7223563030","https://openalex.org/W2913621726"],"abstract_inverted_index":{"In":[0],"this":[1],"paper,":[2],"we":[3],"examine":[4],"the":[5,10,19,25,80,88],"issue":[6],"of":[7,18,54,70],"sustainability":[8],"in":[9,52,72,87,93],"stock":[11,21],"markets":[12],"by":[13],"comparing":[14],"various":[15],"statistical":[16],"properties":[17],"classical":[20],"market":[22],"indices":[23,40],"against":[24],"recent":[26],"sustainable":[27,61],"ones.":[28],"Weekly":[29],"and":[30,37,43,56,62,90],"monthly":[31],"data":[32],"from":[33],"Dow":[34],"Jones,":[35],"Eurostoxx":[36],"Hang":[38],"Seng":[39],"were":[41,47],"collected,":[42],"fractional":[44],"integration":[45],"methods":[46],"used":[48],"to":[49],"analyze":[50],"differences":[51,78],"terms":[53],"persistence":[55,71],"mean":[57],"reversion":[58],"for":[59],"both":[60,94],"common":[63],"indices.":[64],"The":[65],"results":[66],"indicate":[67],"high":[68],"levels":[69],"all":[73],"cases,":[74],"observing":[75],"almost":[76],"no":[77],"across":[79],"markets.":[81,95],"Long":[82],"memory":[83],"is":[84],"also":[85],"detected":[86],"absolute":[89],"squared":[91],"returns":[92]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":5},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":4},{"year":2022,"cited_by_count":5},{"year":2021,"cited_by_count":1}],"updated_date":"2026-11-10T11:39:43.021295","created_date":"2021-03-29T00:00:00"}