Board Gender Diversity and Firm-level Climate Change Exposure: A Global Perspective

Vu Quang Trinh, Hai Hong Trinh, Thi Hong Hanh Nguyen, Xuan Vinh Vo

Finance Research Letters (2023): DOI: https://doi.org/10.1016/j.frl.2023.103995  

Highlights:

• We test the link between board gender diversity and firm-level climate change exposure.

• Firms with more gender-diverse boards exhibit lower climate change exposure.

• The results hold for exposures to opportunity, physical, and regulatory shocks.

• Boards with at least two female directors start having such a significant effect.

Economic growth, social, and welfare development during COVID-19 pandemic: do country-specific characters matter in the MENA region?

Adesoji Oladapo Farayibi,  IIham Haouas, Hai Hong Trinh & Seyi Saint Akadiri

Environmental Science and Pollution Research (2023) https://doi.org/10.1007/s11356-023-26678-y   

Stock liquidity during COVID-19 crisis: A cross-country analysis of developed and emerging economies, and economic policy uncertainty

Omar Al Farooque, Ghasan Baghdadi, Hai Hong Trinh , Sarod Khandaker

Emerging Markets Review. DOI: https://doi.org/10.1016/j.ememar.2023.101025  

Highlights:

• COVID-19 has negative impact on firms' stock liquidity in sample the countries.

• The impact of the interaction term of COVID-19 cases & deaths is also negative.

• These findings are also robust with the use of alternative measurements.

• The impact is more pronounced in the developed, high EPU countries, and small firms.

The impact of climate policy on U.S. environmentally friendly firms: A firm-level examination of stock return, volatility, volume, and connectedness

Linh Pham, Wei (Maggie) Hao, Ha Truong, Hai Hong Trinh

Energy Economics. DOI: https://doi.org/10.1016/j.eneco.2023.106564 

Highlights

• Green stocks react to climate policy events associated with the Paris Agreement and the U.S. presidential elections.

• The magnitude of the reactions depends on the characteristics of the green stock and the nature of the climate policy.

• Our connectedness analysis further confirms the heterogeneous natures of green stocks.

• Our minimum connectedness portfolio can reduce green investors' risk by 59.83%.

Revisiting financial inclusion and energy poverty nexus in the era of globalization: Unveiling the role of political and economic risk, public-private energy investment in emerging economies

Zeeshan Khan, Iiham Haouas, Hai Hong Trinh, Ramez Abubakr Badeeb, Changyong Zhang

Renewable Energy - DOI: https://doi.org/10.1016/j.renene.2022.12.122  

Climate risk disclosures and global sustainability initiatives: A conceptual analysis and agenda for future research

Thanh Ngo, Tu Le, Subhan Ullah, Hai Hong Trinh

Business Strategy and the Environment DOI: https://doi.org/10.1002/bse.3323  

Examining the heterogeneity of financial development in the energy-environment nexus in the era of climate change: Novel evidence around the world

Hai Hong Trinh, Gagan Deep Sharma, Aviral Kumar Tiwari, Diem Thi Hong Vo

Energy Economics. DOI: https://doi.org/10.1016/j.eneco.2022.106415 

Highlights:

• The study affirms a strong nexus between renewable energy consumption, energy efficiency, and financial development (FD) using the newly developed multidimensional proxies for 180 countries worldwide.

• The long-term divergent impacts of financial development, markets, institutions, and climate change on sustainable energy transition and energy efficiency are detected.

• Multidimensional moderations of financial development, markets, and institutions in the trajectories between renewable energy, energy efficiency, and carbon risk.

• The heterogeneity of financial development in the energy-environment trajectories is determined, highlighting the critical roles of institutions and markets.

• Heterogeneous multidimensional contributions of financial development provide critical future research agendas in energy-climate-finance nexus toward SDGs.

Do green growth and technological innovation matter to infrastructure investments in the era of climate change? Global evidence

Hai Hong Trinh, Michael McCord, Daniel Lo, Graham Squires

Applied Economics. DOI: https://doi.org/10.1080/00036846.2022.2125493  

Highlights:

• The long-term nexus between climate change, climate change, technological innovations, and infrastructure investments are examined for 56 countries over the last three decades worldwide.

• Increases in global carbon emissions are associated with higher infrastructure investment needs for the sustainable development of the world’s economy.

• Economic costs of climate exposure is reflected in technological innovations with higher investments in technological innovations.

• The study highlights the roles of sustainable infrastructure investments in achieving sustainable development goals (SDGs) with critical policy implications.  

• Empirical results are validated using a rich set of econometric techniques and methods.

Examining the bidirectional nexus between financial development and green growth: An international evidence through the roles of human capital and education expenditure 

Thanh Ngo, Hai Hong Trinh, Iiham Haouas, Subhan Ullah

Resources Policy. DOI: https://doi.org/10.1016/j.resourpol.2022.102964 

Highlights:

• The study presents a bi-directional nexus between financial development (FD) and green growth (GG).

• Using international evidence from 36 countries, the bi-directional nexus between GG and FD is affirmed through a set of several econometric models including OLS, 3SLS, SUR, and 2-step efficient GMM approaches.

• Human capital (HC) and education expenditure (EE) present their central roles in the GG-FD nexus across countries and regions.

• Financing sustainable infrastructure is an undeniable critical factor in the trajectories between GG and FD in the context of the United Nations’ 2030 Agenda for Sustainable Development.

• Sustainable infrastructure investment needs in the era of climate change are crucial to economies with high climate risk exposure due to employing heavily non-renewable sources of energy.  

Top-management Compensation and Environmental Innovation Strategy 

Giang Phung, Hai Hong Trinh, Tam Nguyen, Vu Quang Trinh

Business Strategy and the Environment DOI: https://doi.org/10.1002/bse.3209 

Highlights

• Firms with greater levels of top-management compensation exhibit higher scores of eco-innovation engagement 

• The effect holds after we address the endogeneity problem through the quasi-natural experiment using the difference-in-differences analysis on the event of the Paris Agreement 2015.

• Positive impact of managerial incentives on eco-innovation is less intensified in the more polluting industries but more pronounced in more innovative ones. 

Does stock liquidity affect bankruptcy risk? DID analysis from Vietnam

Hai Hong Trinh, Canh Phuc Nguyen, Wei Hao, Udomsak Wongchoti

Pacific-Basin Finance Journal Volume 69. DOI: https://doi.org/10.1016/j.pacfin.2021.101634 

Highlights

• A replication study of Brogaard et al. (2017)’s DID test on stock liquidity and default risk in the Vietnam markets.

• Higher stock liquidity leads to lower firm default risk in Vietnam.

• Results highlight the benefit of promoting stock market liquidity to maintain sustainable development of emerging market. 

Housing charges to fund bulk infrastructure: innovative or traditional? 

Graham Squires, Arshad Javed, Hai Hong Trinh

Regional Studies, Regional Science . DOI: https://doi.org/10.1080/21681376.2021.1882883 

Highlights

• The findings highlight that revenue streams are the most common concern when applying the infrastructure funding and financing (IFF) model to deal with bulk infrastructure 

• Housing charges are a new instrument generating cash flows to finance bulk infrastructure.

• Financing infrastructure development is innovative in terms of its mechanics, legislation and policy setting  in New Zealand. 

The connectedness of house price affordability (HPA) and rental price affordability (RPA) measures 

Graham Squires, Don Webber, Hai Hong Trinh, Arshad Javed

 International Journal of Housing Markets and Analysis. DOI: https://doi.org/10.1108/IJHMA-03-2021-0029 

Highlights

• An existence of cointegration and unidirectional statistical causality effects between HPA and RPA across 11 regions in New Zealand.

• Auckland, Wellington and Canterbury are the three regions in which the results detect the most extreme effects amongst HPA and RPA compared to other places in the country.

• There are lead-lag effects of HPA and RPA on each other and on mortgage rates at the national scale. 

Sustainable economic activities, climate change, and carbon risk: an international evidence

Muhammad Kamran Khan, Hai Hong Trinh, Ikram Ullah Khan, Subhan Ullah

Environment, Development and Sustainability (2021). DOI https://doi.org/10.1007/s10668-021-01842-x 

Highlights

• The higher the countries with renewable energy consumption and electricity output the better the capacity those countries can mitigate the environmental degradation by reducing the amount of total carbon emission over time.

•  Those relations are changed when using system GMM approaches, implying the role of FDI inflows and the difference in income groups in the selected sample countries.

• Emerging countries might give more priority to the economic growth receiving FDI inflows from more advanced economies and balancing the trade-off between economic growth and environmental protection.