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
_version_ 1783619443007422464
author Akhtaruzzaman, Md
Boubaker, Sabri
Chiah, Mardy
Zhong, Angel
author_facet Akhtaruzzaman, Md
Boubaker, Sabri
Chiah, Mardy
Zhong, Angel
author_sort Akhtaruzzaman, Md
collection PubMed
description 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.
format Online
Article
Text
id pubmed-7718103
institution National Center for Biotechnology Information
language English
publishDate 2021
publisher Elsevier Inc.
record_format MEDLINE/PubMed
spelling pubmed-77181032020-12-07 COVID−19 and oil price risk exposure Akhtaruzzaman, Md Boubaker, Sabri Chiah, Mardy Zhong, Angel Financ Res Lett Article 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. Elsevier Inc. 2021-10 2020-12-05 /pmc/articles/PMC7718103/ /pubmed/33312079 http://dx.doi.org/10.1016/j.frl.2020.101882 Text en © 2020 Elsevier Inc. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Akhtaruzzaman, Md
Boubaker, Sabri
Chiah, Mardy
Zhong, Angel
COVID−19 and oil price risk exposure
title COVID−19 and oil price risk exposure
title_full COVID−19 and oil price risk exposure
title_fullStr COVID−19 and oil price risk exposure
title_full_unstemmed COVID−19 and oil price risk exposure
title_short COVID−19 and oil price risk exposure
title_sort covid−19 and oil price risk exposure
topic Article
url 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
work_keys_str_mv AT akhtaruzzamanmd covid19andoilpriceriskexposure
AT boubakersabri covid19andoilpriceriskexposure
AT chiahmardy covid19andoilpriceriskexposure
AT zhongangel covid19andoilpriceriskexposure

Ejemplares similares