【Author】 Goodell, John W.; Yadav, Miklesh Prasad; Ruan, Junhu; Abedin, Mohammad Zoynul; Malhotra, Nidhi
【Source】FINANCE RESEARCH LETTERS
【影响因子】9.848
【Abstract】This paper analyses the connectedness among traditional assets, digital assets and renewable energy for extending the data from December 31, 2019 to January 2, 2023. For an empirical analysis, time varying parameter (TVP-VAR) is employed. We find that Chainlink (DeFi) is the highest receiver, while bitcoin is the highest transmitter of shocks to the network. Additionally, we also find that Non-Fungible Tokens (NFT) acts as the most suitable asset to be included in portfolio since it is least connected with rest of the examined assets classes. Results are important for investors and portfolio managers.
【Keywords】Connectedness; Traditional asset; Digital asset; Diversification; Volatility; Renewable energy; Portfolio management; DeFi; NFT
【发表时间】2023 DEC
【收录时间】2023-10-01
【文献类型】实证数据
【主题类别】
区块链治理-市场治理-市场分析
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