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http://hdl.handle.net/2445/190500
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DC Field | Value | Language |
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dc.contributor.author | Chuliá Soler, Helena | - |
dc.contributor.author | Muñoz Mendoza, Jordi | - |
dc.contributor.author | Uribe Gil, Jorge Mario | - |
dc.date.accessioned | 2022-11-04T13:14:10Z | - |
dc.date.available | 2022-11-04T13:14:10Z | - |
dc.date.issued | 2022 | - |
dc.identifier.uri | http://hdl.handle.net/2445/190500 | - |
dc.description.abstract | Previous studies in energy stock markets have analyzed market connectedness using aggregate indexes and focusing on developed markets. We depart from the extant literature and we focus our attention on companies listed on emerging stock markets and examine connectedness from the firm’s perspective. Using a two-step approach, we remove the common global factors from energy stock returns and estimate the network of global energy stocks in emerging markets. We show that idiosyncratic components are highly relevant for our understanding of risk transmission in energy markets. Moreover, we offer precise diversification alternatives and identify the most systemically important firms and countries. | ca |
dc.format.extent | 34 p. | - |
dc.format.mimetype | application/pdf | - |
dc.language.iso | eng | ca |
dc.publisher | Universitat de Barcelona. Facultat d'Economia i Empresa | ca |
dc.relation.isformatof | Reproducció del document publicat a: http://www.ub.edu/irea/working_papers/2022/202216.pdf | - |
dc.relation.ispartof | IREA – Working Papers, 2022, IR22/16 | - |
dc.relation.ispartofseries | [WP E-IR22/16] | ca |
dc.rights | cc-by-nc-nd, (c) Chuliá Soler et al., 2022 | - |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/es/ | * |
dc.source | Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA)) | - |
dc.subject.classification | Indústries energètiques | - |
dc.subject.classification | Països emergents | - |
dc.subject.classification | Gestió financera | - |
dc.subject.other | Energy industries | - |
dc.subject.other | BRIC countries | - |
dc.subject.other | Financial management | - |
dc.title | Energy Firms in Emerging Markets: Systemic Risk and Diversification Opportunities | ca |
dc.type | info:eu-repo/semantics/workingPaper | ca |
dc.rights.accessRights | info:eu-repo/semantics/openAccess | ca |
Appears in Collections: | Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA)) |
Files in This Item:
File | Description | Size | Format | |
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IR22_016_Chulia et al.pdf | 1.77 MB | Adobe PDF | View/Open |
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