Open Access
Open access
Elsevier
Borsa Istanbul Review
,  volume 25 ,  issue 3 ,  pages 468-496

Novel approaches to model decomposed oil shocks, geopolitical risk, clean and fossil fuel stocks

Publication type: Journal Article
Publication date: 2025-05-01
Elsevier
scimago Q1
wos Q1
SJR: 1.326
CiteScore: 10.4
Impact factor: 7.1
ISSN: 22148450, 22148469
Abstract
This study examines how oil supply, demand, and risk shocks, along with geopolitical risks, impact the performance of clean and fossil fuel stocks. Using daily data from March 2014 to January 2022, advanced methods like wavelet quantile correlation (WQC), cross-quantilogram (QC), and nonparametric causality-in-quantile (NPCQ) are applied. The results reveal significant volatility linkages between clean and fossil fuel stocks, with oil shocks and geopolitical risks influencing financial markets. Demand and risk shocks act as transmitters, while supply and geopolitical risks are receivers of spillovers. Clean energy stocks are net transmitters of spillovers, while fossil fuel stocks show mixed profiles. Fossil fuel stocks act as safe havens in the medium term, while clean energy stocks exhibit this in the long term. Geopolitical risks have little effect on clean energy stocks, indicating their resilience. The study highlights the importance of real-time monitoring for managing market fluctuations.
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GOST |
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GOST Copy
Dam M. M., Altıntaş H., TIWARI A. K. Novel approaches to model decomposed oil shocks, geopolitical risk, clean and fossil fuel stocks // Borsa Istanbul Review. 2025. Vol. 25. No. 3. pp. 468-496.
GOST all authors (up to 50) Copy
Dam M. M., Altıntaş H., TIWARI A. K. Novel approaches to model decomposed oil shocks, geopolitical risk, clean and fossil fuel stocks // Borsa Istanbul Review. 2025. Vol. 25. No. 3. pp. 468-496.
RIS |
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RIS Copy
TY - JOUR
DO - 10.1016/j.bir.2025.02.002
UR - https://linkinghub.elsevier.com/retrieve/pii/S2214845025000316
TI - Novel approaches to model decomposed oil shocks, geopolitical risk, clean and fossil fuel stocks
T2 - Borsa Istanbul Review
AU - Dam, Mehmet Metin
AU - Altıntaş, Halil
AU - TIWARI, AVIRAL KUMAR
PY - 2025
DA - 2025/05/01
PB - Elsevier
SP - 468-496
IS - 3
VL - 25
SN - 2214-8450
SN - 2214-8469
ER -
BibTex |
Cite this
BibTex (up to 50 authors) Copy
@article{2025_Dam,
author = {Mehmet Metin Dam and Halil Altıntaş and AVIRAL KUMAR TIWARI},
title = {Novel approaches to model decomposed oil shocks, geopolitical risk, clean and fossil fuel stocks},
journal = {Borsa Istanbul Review},
year = {2025},
volume = {25},
publisher = {Elsevier},
month = {may},
url = {https://linkinghub.elsevier.com/retrieve/pii/S2214845025000316},
number = {3},
pages = {468--496},
doi = {10.1016/j.bir.2025.02.002}
}
MLA
Cite this
MLA Copy
Dam, Mehmet Metin, et al. “Novel approaches to model decomposed oil shocks, geopolitical risk, clean and fossil fuel stocks.” Borsa Istanbul Review, vol. 25, no. 3, May. 2025, pp. 468-496. https://linkinghub.elsevier.com/retrieve/pii/S2214845025000316.