COVID−19 and oil price risk exposure

This study investigates oil price risk exposure of financial and non-financial industries around the world during the COVID–19 pandemic. The empirical results show that oil supply industries benefit from positive shocks to oil price risk in general, whereas oil user industries and financial industri...

Descripción completa

Detalles Bibliográficos
Autores principales: Akhtaruzzaman, Md, Boubaker, Sabri, Chiah, Mardy, Zhong, Angel
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Inc. 2021
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7718103/
https://www.ncbi.nlm.nih.gov/pubmed/33312079
http://dx.doi.org/10.1016/j.frl.2020.101882
Descripción
Sumario:This study investigates oil price risk exposure of financial and non-financial industries around the world during the COVID–19 pandemic. The empirical results show that oil supply industries benefit from positive shocks to oil price risk in general, whereas oil user industries and financial industries react negatively to positive oil price shocks. The COVID–19 outbreak appears to moderate the oil price risk exposure of both financial and non-financial industries. This brings important implications in risk management of energy risk during the pandemic.

Ejemplares similares