RETRACTED: Demystifying the time varying linkage among ESG compliant, fintech and artificial intelligence stocks
Journal of Accounting & Organizational Change
ISSN: 1832-5912
Article publication date: 23 July 2024
Retraction statement
The publisher of Journal of Accounting & Organizational Change wishes to retract the article Tabassum, S., Dhillon, L.K., Yadav, M.P., Khan, K., Saifi, M.A. and Zulfikar, Z. (2024), “Demystifying the time varying linkage among ESG compliant, fintech and artificial intelligence stocks”, Journal of Accounting & Organizational Change, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/JAOC-01-2024-0041, which was submitted to the special issue ‘Digitalization in Accounting and Auditing Practices Implications, Recent Advancements and Convergence in Practices’. This special issue has subsequently been cancelled. It has come to our attention that there are concerns that the peer review process was compromised for this article; as a result, the article's findings cannot be relied upon. The authors of this article would like to note that they do not agree with the content of this notice. The publisher of the journal sincerely apologizes to the readers.
The retracted article can be found at: https://doi.org/10.1108/JAOC-01-2024-0041
Abstract
Purpose
This paper aims to analyze the time-varying dynamic connectedness among environmental, social and governance (ESG)-compliant firms, Fintech-based firms and artificial intelligence (AI) firm’s stocks.
Design/methodology/approach
To examine the spillover from globally leading companies that systematically follow ESG reporting and standards into their financial books to top AI-based and Fintech-based companies, we use the daily observation extending from December 31, 2019 to October 9, 2023. For the empirical investigation, Diebold and Yilmaz (2012) model and Baruník and Křehlík (2018) model are employed.
Findings
An intriguing observation is found for both recipient and transmission as Northrop Grumman remains the least shock transmitter and receiver among all constituent markets irrespective of two different used models. On this note, Northrop Grumman can be classified among the safest stock comparatively which has to be held in short, medium and long run to mitigate the risk.
Originality/value
After extensive existing literature review and to the best of the authors knowledge, it is a novel study that examines the dynamic connectedness among ESG, Fintech and AI stocks covering two unprecedented events like the COVID-19 outbreak and the Russia–Ukraine invasion.
Keywords
Acknowledgements
Declaration: Authors do not have any conflict of interest.
Citation
Tabassum, S., Dhillon, L.K., Yadav, M.P., Khan, K., Saifi, M.A. and Zulfikar, Z. (2024), "RETRACTED: Demystifying the time varying linkage among ESG compliant, fintech and artificial intelligence stocks", Journal of Accounting & Organizational Change, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/JAOC-01-2024-0041
Publisher
:Emerald Publishing Limited
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