Redefining market interdependencies: The ethereum merge's effect on 4IR assets, renewable energy, and tokens

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2024-12-22 DOI:10.1016/j.frl.2024.106680

Nader Naifar

引用次数: 0

Abstract

The Ethereum Merge on September 15, 2022, was a significant milestone for the blockchain and cryptocurrency space. This paper investigates the impact of the Ethereum transition to Proof-of-Stake on the interconnectedness among renewable energy investments, Fourth Industrial Revolution (4IR) assets, and tokens. The findings indicate a decrease in the connectedness among tokens post-merge, reflecting a divergence in their market behavior and a shift in the underlying drivers influencing their price dynamics. Moreover, the transition strengthened the integration between tokens and 4IR assets. Additionally, the interdependencies between tokens and renewable energy investments, such as biofuels and fuel cells, increased significantly, implying an improved perception of Ethereum as a more sustainable platform.

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance