Environmental attention and uncertainties of cryptocurrency market: Examining linkages with crypto-mining stocks

Imran Yousaf, Afsheen Abrar, Umair Bin Yousaf and John W. Goodell

Finance Research Letters, 2024, vol. 59, issue C

Abstract: Given public concerns about the negative consequences of environmental consequences of cryptocurrencies, along with their volatilities, we investigate connectedness between cryptocurrency environmental attention (ICEA), cryptocurrency policy uncertainty (UCRY Policy), cryptocurrency price uncertainty (UCRY Price), and crypto-mining stocks. We identify an increase in connectedness over time, indicating that the crypto mining stocks are particularly vulnerable to rising concerns about the environment, prices, and policies surrounding the cryptocurrency market. ICEA and UCRY Policy are net return transmitters for crypto mining stocks. Findings provide implications to global investors and policymakers regarding portfolio management and market stability.

Keywords: Crypto mining stocks; Cryptocurrency environment attention; Cryptocurrency policy uncertainty (search for similar items in EconPapers)
JEL-codes: C54 D81 F36 G11 G15 (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:59:y:2024:i:c:s1544612323010449

DOI: 10.1016/j.frl.2023.104672

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