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SEISENSE Journal of Management
ISSN : 26175770     EISSN : -     DOI : -
Core Subject : Economy, Social,
SEISENSE Journal of Management (SJOM) peer-reviewed and published as Bi-Monthly (six issues in a year), is committed to publishing scholarly empirical and theoretical research articles that have a high impact on the management field as a whole. SEISENSE JoM covers domains such as Business strategy & policy, OB, HRM, Organizational theory, Entrepreneurship, Innovation and Technology Management, and Tourism Management.
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Articles 172 Documents
New Frontiers in Sustainable Finance: Asymmetric Risk Connectedness of Green Bonds with Global Financial Markets Azhar Hussain; Mehwish Zafar; Waqas Khan
SEISENSE Journal of Management Vol. 9 No. 1 (2026): SEISENSE Journal of Management
Publisher : SEISENSE (PRIVATE) LIMITED

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33215/md42v291

Abstract

Purpose: This paper explores the asymmetric and state-dependent dependence relationship of the S&P Green Bond Index with six international markets and assesses whether such dependence patterns are correlated with the risk-reduction benefit associated with holding a green bond portfolio.Design/Methodology: The analysis is based on 2,856 aligned daily log returns of the S&P Green Bond Index, S&P 500, DAX, Shanghai Composite, S&P GSCI, S&P Bitcoin Index, and S&P Global Clean Energy Index from 2 January 2014 to 30 April 2026. Quantile-on-Quantile Regression (QQR) is computed. An economic significance is measured using long-only two-asset minimum variance portfolios.Findings: The findings show that there is significant asset and state-specific dependence. The minimum-variance portfolios invest relatively heavily in green bonds due to the significantly reduced unconditional volatility and yield significant in-sample variance reductions, but do not show universal hedging or safe-haven performance.Practical Implications: Green bonds should be considered as a state contingent, low volatility diversifier and not a universally defensive or safe haven asset. Market-state stress testing, asset-specific dependence and currency exposure are to be taken into consideration by investors and portfolio managers as part of their allocation decision.Originality: The present study is an incremental cross-market extension of the existing body of work, and then connecting asymmetric dependence estimates to formal portfolio evidence.
Liquidity Management and Financial Performance Across Pandemic Phases: Evidence from Listed Manufacturing Firms in Tanzania Abraham Charles Nathanael; Alex Reuben Kira; Anastasia R. Njiku
SEISENSE Journal of Management Vol. 9 No. 1 (2026): SEISENSE Journal of Management
Publisher : SEISENSE (PRIVATE) LIMITED

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33215/z8hapy49

Abstract

Purpose: This study examines whether the association between liquidity management and financial performance differs across pre-pandemic, pandemic, and post-pandemic periods.Design/Methodology: Quarterly data from seven manufacturing firms listed on the Dar es Salaam Stock Exchange (2018–2023) were analyzed using fixed-effects interaction models with firm-clustered and Webb-bootstrap inference.Findings: The Quick Ratio (QR)–financial performance association varied across pandemic phases, while no comparable evidence emerged for the Current Ratio (CR). The QR pattern remained under calendar-time controls but weakened after winsorization and was not reproduced by alternative liquidity measures or first-difference analysis. Thus, the evidence is specification-sensitive rather than conclusive.Practical Implications: Liquidity indicators should be interpreted alongside asset composition, operating requirements, and economic conditions rather than as uniform targets.Originality: The study provides a phase-sensitive application of Trade-Off Theory by showing that liquidity–performance relationships may vary across economic conditions and liquidity measures.