Focal Interest
Focal Interest
AI Summary of Peer-Reviewed Research

This page presents an AI-generated summary of a published research paper. The original authors did not write or review this article. [See full disclosure ↓]

Publishing process signals: STRONG — reflects the venue and review process. — venue and review process.

Sports tokens showed spillover risk in connected markets

A man in a white shirt sits at a trading desk with multiple monitors displaying financial charts and market data, viewing stock price graphs and candlestick charts while working on his analysis.
Research area:Economics, Econometrics and FinanceFinanceFinancial Risk and Volatility Modeling

What the study found

The study found risk spillovers across sports tokens, sports equities, and other traditional assets. In the authors' analysis, the sports token BAR caused significant shocks in the system, while OG was the dominant contributor.

Why the authors say this matters

The authors conclude that these findings provide useful information for market participants seeking to manage asset risk. The study suggests that sports tokens may offer portfolio benefits when included in a minimum connectedness portfolio.

What the researchers tested

The researchers examined risk spillover across sports tokens, sports equities, and other traditional assets using a quantile-VAR model. They also used a minimum connectedness portfolio analysis to assess possible portfolio effects.

What worked and what didn't

In the static analysis, BAR caused significant shocks to the system. From the lower quantile, the USD, or United States dollar, was both the highest contributor in the network and the highest receiver, and OG was the dominant contributor to the system.

What to keep in mind

The abstract does not describe detailed limitations, and the findings are limited to the assets and methods studied in this paper.

Key points

  • The study examined risk spillovers among sports tokens, sports equities, and traditional assets.
  • BAR was reported as causing significant shocks in the system.
  • In the lower quantile, the USD was both the highest contributor and the highest receiver.
  • OG was described as the dominant contributor to the system.
  • The minimum connectedness portfolio analysis suggested possible portfolio benefits from sports tokens.

Disclosure

Research title:
Sports tokens showed spillover risk in connected markets
Authors:
Aviral Tiwari, Mehrad Asadi, Mohammad Roshimi Abdullah, Emmanuel Joel Aikins Abakah, Rubaiyat Ahsan Bhuiyan
Institutions:
Indian Institute of Management Ahmedabad, Indian Institute of Management Bodh Gaya, Tarbiat Modares University, Sultan Zainal Abidin University, University of Ghana, University of the Witwatersrand, University of Southampton Malaysia
Publication date:
2026-02-09
DOI:
10.1186/s40854-025-00885-7
OpenAlex record:
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AI provenance: This post was generated by OpenAI. The original authors did not write or review this post.

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