The road less travelled: GameFi as a hedge or a safe haven for international indices

Congcong Bo and Dehua Shen

Finance Research Letters, 2023, vol. 57, issue C

Abstract: This paper provides the first evidence of GameFi's hedge or safe haven property by including 30 forms of GameFi and 40 international indices. The empirical results mainly show that: (1) at the GameFi-level, GameFi is not a hedge or safe haven for most indices; (2) at the market-level, both the value-weighted and equal-weighted GameFi composite indices demonstrate the potential to serve as safe havens for most international indices.

Keywords: GameFi; Safe haven; Hedge; Dynamic perspective; DCC-GARCH model (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:57:y:2023:i:c:s1544612323005755

DOI: 10.1016/j.frl.2023.104203

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