Hai Hong Trinh

Massey University · School of Economics and Finance

We provide an out-of-sample test on Brogaard et al. (2017)’s difference-in-differences (DID) finding that stock liquidity affects US firm Expected Default Frequency (EDF), in the context of an emerging market. With daily transaction data, we reaffirm the role of stock liquidity on reducing firms' default risk in the US and its extended applicabilit...

The role of renewable energy resources as the alternative solutions to fossil fuels and traditional energy resources is undeniable in the recent literature with their linkage to energy efficiency, crude oil prices, and economic growth. However, the linkages between renewable energy consumption, energy efficiency, and financial development (FD) are...

We investigate the impact of the COVID-19 on firms’ stock liquidity across six developed and emerging economies. Unlike prior literature, we further compare the effects of the pandemic between developed and emerging economies, high and low economic policy uncertainty (EPU), and large and small firms. Our results document the significant negative im...

This study examines the association between board gender diversity and firm-level climate change exposure. Using a global sample of 14,685 firm-year observations covering 2,469 firms across 63 countries from 2000-2021, we find that firms with more gender-diverse boards are likely to exhibit lower climate change exposure. The results remain after we...

This study investigates the nexus between green growth, technological innovations, and infrastructure investment trends, through an international investigation of 56 countries for the period of 2000–2020. Based on the Environmental Impact by Population, Affluence and Technology (IPAT) and Stochastic Impacts by Regression on Population, Affluence an...

Since the 2030 Agenda for Sustainable Development was adopted by the United Nations in 2015 and combating climate change with urgent action is the 13th Sustainable Development Goal (SDG), the roles of financial sectors including central banking systems in facilitating sustainable finance have been documented (Dikau and Volz, 2019, 2021). Since the...

The coronavirus disease 2019 (COVID-19) pandemic has generated major shocks that have crippled the economic development of many countries and regions. The COVID-19 pandemic has hampered not only economic development but also global countries from achieving their sustainable development goals through various channels. Given their first experience, m...

To achieve net-zero emissions towards sustainable development goals (SDGs), where access to affordable and sustainable energy is the seventh SDG by the United Nations’ 2030 Agenda for Sustainable Development, the necessity of clean energy technologies (CETs) has been increasingly crucial than ever (IEA, Energy technology perspectives 2020. IEA, Par...

In the context of the 2030 Agenda for Sustainable Development by the United Nations, the functionality of financial development is undeniable in the wider economy toward Sustainable Development Goals (SDGs). Using novel panel data of 36 countries over the last decades, the study sheds light on the bi-directional nexus between financial development...

Climate change impacts, risks and sustainability disclosures have attracted increasing attention from scholars in various streams of the economics and finance literature towards achieving the UN's Sustainable Development Goals (SDGs). Within the stream of climate finance, the global initiatives for corporate social responsibility (CSR) and environm...

The employment of renewable resources and their association with the real economy’s growth in mitigating the problem of carbon emission risk has been debated in the literature in a specific group of countries and regions. However, their relations and effects for a better sustainable energy transmission would need further research works in an intern...

The increasing awareness of global climate change puts more pressure on firms to reduce their environmental externalities. Managers long ignored this responsibility, which may erode business profits, going against their traditional goals. In this study, we examine the effect of top management's extrinsic incentives (i.e., reward‐driven motivation)...

The aim of this paper is to examine the relationship between house price affordability (HPA) and rental price affordability (RPA) in New Zealand. The cointegration of HPA and RPA is of particular focus given rising house prices and rising rents. The study examines the lead-lad correlation between house price affordability (HPA) and rental price af...

The term “smart energy systems” has been defined, used, and searched in the recent decades to define and interpret alternative newly developed solutions and frameworks for an efficient energy transformation by employing renewable energy sources to mitigate the climate change impacts and for achieving sustainable development goals. Regarding Scopus...

This paper performs a formal investigation on the volatility connectedness, stability and potential breaks among global infrastructure and property markets. Global Infrastructure markets include utilities, industrials, energy, and Global Property markets contain property diversified, healthcare, industrials, office space, and residential. Unknown b...

The relationship between risk and return is a crucial point in typical decision making, and empirical previous studies can help related stakeholders in this process. Henceforth, this chapter aims to present some fundamental theoretical concepts and interpretations of the relationship between risk and firm performance. Accordingly, this chapter offe...

Several previous papers have detected the effects of a global crisis on an economy or a certain market, while the world has experienced several global financial crises since 1970 and their impacts on the economy leave behind a big question 'Which Global Shock makes the world economy worst in a comparison with the other ones?". On the other hand, ho...

We examine the long-run and short-run impact of energy financial development, energy intensity and FDI inflows on housing prices by employing an international sample of 35 countries over the period 1980-2018. Using the two-step system GMM approach, unit root and cointegration tests, our empirical results imply strong cointegration and cross-depende...

This study investigates whether the use of housing charges is an innovative or traditional instrument in financing bulk infrastructure. It develops a conceptual framework to demonstrate how housing charges are perceived as an innovative model of financing and funding bulk infrastructure. Research focuses on a case study policy pilot infrastructure...