Environmental transitions effect of renewable energy and fintech markets on Europe's real estate stock market

Waheed Ullah Shah, Ijaz Younis, Ibtissem Missaoui and Xiyu Liu

Renewable Energy, 2025, vol. 243, issue C

Abstract: This study explores volatility and the environmental transition effect of renewable energy and fintech markets on the European real estate market during the COVID-19 pandemic and the Russia-Ukraine conflict using the TVP-VAR connectedness approach. Overall, our study found strong connectedness between renewable energy, fintech, and European real estate stock markets in both crises from January 2019 to January 2024. During COVID-19, all renewable energy and European real estate markets are key net volatility spillover receivers; whereas fintech and other real estate markets are net spillover transmitters. In the Russia-Ukraine conflict, fintech, renewable energy, and the European real estate marketsare the prime net risk spillover receivers; whereas NEX and other real estate markets are net spillover transmitters. However, market returns further decreased in the Russia-Ukraine conflict compared to COVID-19. Our study provides significant and insightful policy implications for financial, digital, green, commercial, and residential real estate, and related industry stakeholders in Europe.

Keywords: Renewable energy; Fintech; Europe real estate; COVID-19; Russia-Ukraine conflict; And TVP-VAR framework (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0960148125002654
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:243:y:2025:i:c:s0960148125002654

DOI: 10.1016/j.renene.2025.122603

Access Statistics for this article

Renewable Energy is currently edited by Soteris A. Kalogirou and Paul Christodoulides

More articles in Renewable Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().