From: Did green debt instruments aid diversification during the COVID-19 pandemic?
 |  |  | Panel A | Panel B | X` | ||||
---|---|---|---|---|---|---|---|---|---|
 |  | Full Sample | Pre-COVID | COVID-Time | Pre-COVID | Epidemic | Pandemic | Pre-COVID (Indonesia) | COVID-Time (Indonesia) |
Bonds | Mean | 0.0038% | 0.0065% | 0.0016% | 0.0065% | 0.0199% | − 0.0033% | 0.0066% | 0.0010% |
St. Dev | 0.0011 | 0.0011 | 0.0010 | 0.0011 | 0.0010 | 0.0010 | 0.0011 | 0.0000 | |
Sukuk | Mean | 0.0197% | 0.0197% | 0.0197% | 0.0197% | 0.0312% | 0.0165% | 0.0227% | 0.0165% |
St. Dev | 0.0028 | 0.0016 | 0.0035 | 0.0016 | 0.0021 | 0.0038 | 0.0016 | 0.0002 | |
Green sukuk | Mean | 0.0208% | 0.0271% | 0.0155% | 0.0271% | − 0.0097% | 0.0223% | 0.0260% | 0.0154% |
St. Dev | 0.0019 | 0.0009 | 0.0025 | 0.0009 | 0.0016 | 0.0027 | 0.0008 | 0.0002 | |
Conventional stock | Mean | − 0.0236% | − 0.0123% | − 0.0331% | − 0.0123% | − 0.3859% | 0.0624% | − 0.0366% | − 0.0100% |
St. Dev | 0.0130 | 0.0072 | 0.0164 | 0.0072 | 0.0139 | 0.0169 | 0.0072 | − 0.0001 | |
Islamic stocks | Mean | − 0.0299% | − 0.0044% | − 0.0514% | − 0.0044% | − 0.4856% | 0.0662% | − 0.0398% | − 0.0195% |
St. Dev | 0.0162 | 0.0100 | 0.0200 | 0.0100 | 0.0171 | 0.0206 | 0.0099 | − 0.0002 |