Corporate commodity exposure: A multi-country longitudinal study

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dc.contributor.authorHan, Xu
dc.contributor.authorLaing, Elaine
dc.contributor.authorLucey, Brian M.
dc.contributor.authorVigne, Samuel
dc.date.accessioned2024-05-23T11:49:45Z
dc.date.available2024-05-23T11:49:45Z
dc.date.issued2023
dc.descriptionMinimizing earnings volatility is a key policy focus of financial managers operating multinational firms.
dc.description.abstractThis paper conducts a large-scale multi-country longitudinal study and examines the extent that firms are exposed to commodity price risk in 23 OECD countries. An industry analysis reveals that all industries are significantly exposed to commodity price movements ranging between 8 and 10% except for the energy sector where 38% of firms being significantly exposed. Investigating the determinants of commodity price exposure, we report that firm size is negatively associated with commodity exposure, while the fraction of R&D expenses, leverage, country GDP, and sophistication of the financial derivatives markets are positively related to commodity price exposure. Keywords: Commodity price exposure, OECD, Risk management
dc.identifier.citationHan, X., Laing, E., Lucey, B. M., & Vigne, S. (2023). Corporate commodity exposure: A multi-country longitudinal study. Journal of Commodity Markets, 30, 100329.
dc.identifier.doihttps://doi.org/10.1016/j.jcomm.2023.100329
dc.identifier.urihttps://dspace.adu.ac.ae/handle/1/5384
dc.language.isoen
dc.publisherElsevier
dc.titleCorporate commodity exposure: A multi-country longitudinal study
dc.typeArticle

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