This study contributes to the debate on safe-haven characteristics of environmental, social, and governance (ESG) stocks during COVID-19 pandemic. Using wavelet coherence framework on four major ESG stock indices from global and emerging stock markets, and two proxies of COVID-19 fear over the...

Using annual panel data of 126 developing countries over the period from 1970 to 2016, this study investigates effects of remitted funds' volatility and consumption on financial development. Our results, after controlling for endogeneity, document a significant adverse impact of remittances'...

Using data of the constituents of the MSCI USA ESG leader index, this study investigates the herding behavior in the US ESG stocks over the period from January 03, 2007 to September 30, 2020. Our results reveal a significant herding behavior in the US ESG leader stocks. Our findings also show...

The COVID-19 pandemic affected the tourism sector. We investigate the impact of COVID-19 on tourism industry and specifically the possible shocks transmitted from the aviation sector to the rest sectors of tourism and how the last response to volatility. We found that shocks during the pandemic...

The COVID-19 pandemic affected the tourism sector. We investigate the impact of COVID-19 on tourism industry and specifically the possible shocks transmitted from the aviation sector to the rest sectors of tourism and how the last response to volatility. We found that shocks during the pandemic...

The COVID-19 pandemic affected the tourism sector. We investigate the impact of COVID-19 on tourism industry and specifically the possible shocks transmitted from the aviation sector to the rest sectors of tourism and how the last response to volatility. We found that shocks during the pandemic...