{"id":"https://openalex.org/W4281835698","doi":"https://doi.org/10.1108/ijoem-07-2021-1018","title":"Are ESG indexes a safe-haven or hedging asset? Evidence from the COVID-19 pandemic in China","display_name":"Are ESG indexes a safe-haven or hedging asset? Evidence from the COVID-19 pandemic in China","publication_year":2022,"publication_date":"2022-05-31","ids":{"openalex":"https://openalex.org/W4281835698","doi":"https://doi.org/10.1108/ijoem-07-2021-1018"},"language":"en","primary_location":{"id":"doi:10.1108/ijoem-07-2021-1018","doi":"https://doi.org/10.1108/ijoem-07-2021-1018","is_oa":false,"landing_page_url":"https://doi.org/10.1108/ijoem-07-2021-1018","pdf_url":null,"source":{"id":"https://openalex.org/S116345831","display_name":"International Journal of Emerging Markets","issn_l":"1746-8809","issn":["1746-8809","1746-8817"],"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-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Emerging Markets","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5076771594","display_name":"Stefano Piser\u00e0","orcid":"https://orcid.org/0000-0003-2015-9038","observed_orcids":["https://orcid.org/0000-0003-2015-9038"]},"institutions":[{"id":"https://openalex.org/I83816512","display_name":"University of Genoa","ror":"https://ror.org/0107c5v14","country_code":"IT","type":"education","lineage":["https://openalex.org/I83816512"]}],"countries":["IT"],"is_corresponding":false,"raw_author_name":"Stefano Piser\u00e0","raw_affiliation_strings":["Department of Economics, University of Genoa, Genoa, Italy"],"raw_orcid":"https://orcid.org/0000-0003-2015-9038","affiliations":[{"raw_affiliation_string":"Department of Economics, University of Genoa, Genoa, Italy","institution_ids":["https://openalex.org/I83816512"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5027097015","display_name":"Helen Chiappini","orcid":"https://orcid.org/0000-0001-6309-6044","observed_orcids":["https://orcid.org/0000-0001-6309-6044"]},"institutions":[{"id":"https://openalex.org/I39387349","display_name":"University of Chieti-Pescara","ror":"https://ror.org/00qjgza05","country_code":"IT","type":"education","lineage":["https://openalex.org/I39387349"]}],"countries":["IT"],"is_corresponding":false,"raw_author_name":"Helen Chiappini","raw_affiliation_strings":["Department of Management, Universita degli Studi Gabriele d'Annunzio Chieti e Pescara, Pescara, Italy"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Management, Universita degli Studi Gabriele d'Annunzio Chieti e Pescara, Pescara, Italy","institution_ids":["https://openalex.org/I39387349"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":10.2585,"has_fulltext":false,"cited_by_count":57,"citation_normalized_percentile":{"value":0.98062727,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":100},"biblio":{"volume":"19","issue":"1","first_page":"56","last_page":"75"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11711","display_name":"COVID-19 Pandemic Impacts","score":0.42089998722076416,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"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/T11711","display_name":"COVID-19 Pandemic Impacts","score":0.42089998722076416,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"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":0.2775999903678894,"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/T11059","display_name":"Market Dynamics and Volatility","score":0.16539999842643738,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"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/esg-index","display_name":"ESG indices","score":0.9890000224113464},{"id":"https://openalex.org/keywords/safe-haven-assets","display_name":"safe-haven assets","score":0.8899999856948853},{"id":"https://openalex.org/keywords/hedging","display_name":"hedging","score":0.8140000104904175},{"id":"https://openalex.org/keywords/covid-19","display_name":"COVID-19 pandemic","score":0.9940000176429749},{"id":"https://openalex.org/keywords/cryptocurrency","display_name":"cryptocurrency","score":0.7549999952316284},{"id":"https://openalex.org/keywords/bitcoin","display_name":"Bitcoin","score":0.9940000176429749},{"id":"https://openalex.org/keywords/gold","display_name":"gold","score":0.9890000224113464},{"id":"https://openalex.org/keywords/china","display_name":"China","score":0.37700000405311584},{"id":"https://openalex.org/keywords/dynamic-conditional-correlation","display_name":"dynamic conditional correlation","score":0.7009999752044678}],"concepts":[{"id":"https://openalex.org/C2992712416","wikidata":"https://www.wikidata.org/wiki/Q7398532","display_name":"Safe haven","level":2,"score":0.6914619207382202},{"id":"https://openalex.org/C166052673","wikidata":"https://www.wikidata.org/wiki/Q83021","display_name":"Empirical evidence","level":2,"score":0.5482372641563416},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.537825882434845},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5172632336616516},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4592885673046112},{"id":"https://openalex.org/C191935318","wikidata":"https://www.wikidata.org/wiki/Q148","display_name":"China","level":2,"score":0.45541122555732727},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.4410395622253418},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.42658355832099915},{"id":"https://openalex.org/C2776950860","wikidata":"https://www.wikidata.org/wiki/Q2914681","display_name":"Originality","level":3,"score":0.4257012903690338},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.34474650025367737},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2041495442390442},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.16632190346717834},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.10109290480613708},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C11012388","wikidata":"https://www.wikidata.org/wiki/Q170658","display_name":"Creativity","level":2,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1108/ijoem-07-2021-1018","doi":"https://doi.org/10.1108/ijoem-07-2021-1018","is_oa":false,"landing_page_url":"https://doi.org/10.1108/ijoem-07-2021-1018","pdf_url":null,"source":{"id":"https://openalex.org/S116345831","display_name":"International Journal of Emerging Markets","issn_l":"1746-8809","issn":["1746-8809","1746-8817"],"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-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Emerging Markets","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eme:ijoemp:ijoem-07-2021-1018","doi":null,"is_oa":false,"landing_page_url":"https://www.emerald.com/insight/content/doi/10.1108/IJOEM-07-2021-1018/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec","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:iris.unige.it:11567/1112112","doi":null,"is_oa":false,"landing_page_url":"https://hdl.handle.net/11567/1112112","pdf_url":null,"source":{"id":"https://openalex.org/S4377196291","display_name":"CINECA IRIS Institutial Research Information System (University of Genoa)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I83816512","host_organization_name":"University of Genoa","host_organization_lineage":["https://openalex.org/I83816512"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:iris.unige.it:11567/1152675","doi":null,"is_oa":false,"landing_page_url":"https://hdl.handle.net/11567/1152675","pdf_url":null,"source":{"id":"https://openalex.org/S4377196291","display_name":"CINECA IRIS Institutial Research Information System (University of Genoa)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I83816512","host_organization_name":"University of Genoa","host_organization_lineage":["https://openalex.org/I83816512"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":79,"referenced_works":["https://openalex.org/W39941679","https://openalex.org/W1004716736","https://openalex.org/W1506701226","https://openalex.org/W1964230033","https://openalex.org/W1981530661","https://openalex.org/W1996662715","https://openalex.org/W1999996900","https://openalex.org/W2029389111","https://openalex.org/W2054661316","https://openalex.org/W2057720101","https://openalex.org/W2073928172","https://openalex.org/W2079898209","https://openalex.org/W2083029510","https://openalex.org/W2090373608","https://openalex.org/W2103200671","https://openalex.org/W2111448954","https://openalex.org/W2120312940","https://openalex.org/W2130492799","https://openalex.org/W2158286266","https://openalex.org/W2162747028","https://openalex.org/W2164993793","https://openalex.org/W2177756622","https://openalex.org/W2258612408","https://openalex.org/W2272150317","https://openalex.org/W2344804700","https://openalex.org/W2462934716","https://openalex.org/W2507445618","https://openalex.org/W2526568049","https://openalex.org/W2546636161","https://openalex.org/W2583065034","https://openalex.org/W2585291342","https://openalex.org/W2765539039","https://openalex.org/W2785114503","https://openalex.org/W2785606188","https://openalex.org/W2789764040","https://openalex.org/W2791441069","https://openalex.org/W2801090495","https://openalex.org/W2866787942","https://openalex.org/W2893008914","https://openalex.org/W2893616282","https://openalex.org/W2895625351","https://openalex.org/W2900760517","https://openalex.org/W2901364189","https://openalex.org/W2945047269","https://openalex.org/W2945142632","https://openalex.org/W2946659279","https://openalex.org/W2972436534","https://openalex.org/W2974601248","https://openalex.org/W2981419603","https://openalex.org/W2982469182","https://openalex.org/W2998571430","https://openalex.org/W3007809223","https://openalex.org/W3014463639","https://openalex.org/W3015646716","https://openalex.org/W3016752284","https://openalex.org/W3019724901","https://openalex.org/W3019805483","https://openalex.org/W3028352916","https://openalex.org/W3033445019","https://openalex.org/W3044042843","https://openalex.org/W3048112275","https://openalex.org/W3048498352","https://openalex.org/W3089988181","https://openalex.org/W3091750228","https://openalex.org/W3093289202","https://openalex.org/W3113291947","https://openalex.org/W3113640123","https://openalex.org/W3121940608","https://openalex.org/W3122114234","https://openalex.org/W3122263577","https://openalex.org/W3122493854","https://openalex.org/W3123281029","https://openalex.org/W3123598957","https://openalex.org/W3124803286","https://openalex.org/W3145181309","https://openalex.org/W3159237166","https://openalex.org/W3164970439","https://openalex.org/W3175862734","https://openalex.org/W4206771538"],"related_works":["https://openalex.org/W4206771538","https://openalex.org/W4406656606","https://openalex.org/W4210397365","https://openalex.org/W4380091289","https://openalex.org/W4391080793","https://openalex.org/W7019207267","https://openalex.org/W7155627242","https://openalex.org/W4319711150","https://openalex.org/W4394747839","https://openalex.org/W7111373967"],"abstract_inverted_index":{"Purpose":[0],"The":[1,42,73,108,131],"aim":[2],"of":[3,15,47,52,58,69,82,97,127,135,145,159],"the":[4,9,23,31,48,59,67,70,77,88,123,136,157,160],"paper":[5,29,109],"is":[6],"to":[7,149],"investigate":[8],"risk-hedging":[10,125],"and/or":[11],"safe":[12,94,153],"haven":[13,95,154],"properties":[14,51,81,96,144],"environmental,":[16,60],"social":[17,61],"and":[18,62,101,120,142,151],"governance":[19,63],"(ESG)":[20],"index":[21],"during":[22,66,156],"COVID-19":[24,71,161],"in":[25],"China.":[26],"Design/methodology/approach":[27],"This":[28],"employs":[30],"DCC,":[32],"VCC,":[33],"CCC":[34],"as":[35,37,55,57],"well":[36,56],"Newey\u2013West":[38],"estimator":[39],"regression.":[40],"Findings":[41],"findings":[43],"provide":[44],"empirical":[45,138],"evidence":[46],"risk":[49,79],"hedging":[50,80,143],"ESG":[53,83,128,146],"indexes":[54,65,84,147],"thematic":[64],"outbreak":[68],"crisis.":[72,162],"results":[74],"also":[75],"support":[76],"superior":[78],"over":[85],"cryptocurrency.":[86],"However,":[87],"authors":[89],"do":[90],"not":[91],"find":[92],"any":[93],"ESG,":[98],"Bitcoin,":[99],"gold":[100],"West":[102],"Texas":[103],"Intermediate":[104],"(WTI).":[105],"Practical":[106],"implications":[107,114],"offers":[110],"therefore,":[111],"practical":[112],"policy":[113],"for":[115],"asset":[116],"managers,":[117],"central":[118],"bankers":[119],"investors":[121],"suggesting":[122],"pandemic":[124],"opportunities":[126],"investments.":[129],"Originality/value":[130],"study":[132],"represents":[133],"one":[134],"first":[137],"contributions":[139],"examining":[140],"safe-haven":[141],"compared":[148],"traditional":[150],"innovative":[152],"assets,":[155],"eruption":[158]},"counts_by_year":[{"year":2026,"cited_by_count":6},{"year":2025,"cited_by_count":12},{"year":2024,"cited_by_count":21},{"year":2023,"cited_by_count":16},{"year":2022,"cited_by_count":2}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2022-06-13T00:00:00"}
