1. Business School, Qingdao University, Qingdao 266071, China
2. Sustainable Real Estate Research Center, Department of Economics and Finance, Hong Kong Shue Yan University, North Point, Hong Kong 999077, China
3. Center for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy, 050711 Bucharest, Romania
4. Research Department, Romanian American University, 012101 Bucharest, Romania
5. Department of Management, College of Business Administration, Princess Nourah bint Abdulrahman University, Riyadh 11671, Saudi Arabia