| Biography | |
|---|---|
 Dr. Ramiz Rehman Xián Polytechnic University, Pakistan |
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| Title: Co-integration Analysis of ESG Equity Indices: A Case of BRICS Countries | |
| Abstract: The emergence of ESG and SRI indices in emerging economies have attracted several researchers but no study has yet been conducted to explore the ESG indices integration strength in comparison to their conventional composite equity indices. Therefore, the study selects emerging economies like BRICS (Brazil, Russia, India, China and South Africa) to examine the integration strength of ESG indices with their conventional counterpart indices of the respective countries. The study further compares the integration strength of each MSCI ESG Indices with the regional and cross-regional countries. Daily returns data of the selected indices are collected for study from January 2013 to April 2018. The study is considering MSCI ESG Indices and composite indices, formulated by MSCI Inc. (Morgan Stanley Capital International) and launched in 2010. The short, as well as long-run dynamics of said relation, is explored as this is important to enhance the literature regarding the emerging markets potential for portfolio diversification. The time series data analysis techniques are used to examine the co-integration between the equity indices such as co-integration regression, VAR and Granger causality and advance models ADRL Bound testing and DCC-MGARCH. Results show that there exist co-integration between ESG indices and their counterpart composite indices. | |
| Biography: Mr. Ramiz ur Rehman, is currently working as an Associate Professor /PhD Advisor at School of Management, Xián Polytechnic University, Xián, China. He did his PhD degree in Business Administration from School of Management, Xián Jiaotong University, one of the premier institute of China. He has more than seventeen (18+) years of extensive experience in teaching and research at University level. Previously, he was serving as an Associate Professor (full time) at Lahore Business School, The University of Lahore, now he is on leave. He has published numerous research articles in well reputed academic journals as lead or corresponding author. During his doctoral study, he found that environmental, social governance equity indices are as risky as the conventional equity indices of Asia. Later on, the very article has been published in the Business Ethics: A European Review (BEER) a top-ranked journal in the field of business ethics with an impact factor of 2.92 with his name as a first author. His research contributions in the field of corporate social responsibility, corporate governance and corporate finance has further extended as he published his research findings in the impact factor journals such as Management Decision(1.92), Sustainability(2.57), PLOS ONE(2.76), Eurasian Business Review (2.14), European Journal of International Management (1.31) and Ekonomie a Management (E&M)(1.21) as corresponding author and main contributor. His research journey has not over yet, as he is working on several research projects and most of them are under reviewed in top tier journals. | |
