{"id":"https://openalex.org/W4389477111","doi":"https://doi.org/10.1016/j.eneco.2023.107250","title":"Financial market development and corporate risk management: Evidence from Shanghai crude oil futures launched in China","display_name":"Financial market development and corporate risk management: Evidence from Shanghai crude oil futures launched in China","publication_year":2023,"publication_date":"2023-12-08","ids":{"openalex":"https://openalex.org/W4389477111","doi":"https://doi.org/10.1016/j.eneco.2023.107250"},"language":"en","primary_location":{"id":"doi:10.1016/j.eneco.2023.107250","doi":"https://doi.org/10.1016/j.eneco.2023.107250","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.eneco.2023.107250","pdf_url":null,"source":{"id":"https://openalex.org/S94499970","display_name":"Energy Economics","issn_l":"0140-9883","issn":["0140-9883","1873-6181"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-2","jufo-1","norway-1","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Energy Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5061955634","display_name":"Feng He","orcid":"https://orcid.org/0000-0002-1708-0954","observed_orcids":["https://orcid.org/0000-0002-1708-0954"]},"institutions":[{"id":"https://openalex.org/I90259746","display_name":"Capital University of Economics and Business","ror":"https://ror.org/01r5sf951","country_code":"CN","type":"education","lineage":["https://openalex.org/I90259746"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Feng He","raw_affiliation_strings":["School of Finance, Capital University of Economics and Business, Beijing, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Finance, Capital University of Economics and Business, Beijing, China","institution_ids":["https://openalex.org/I90259746"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5050142455","display_name":"Longxuan Chen","orcid":"https://orcid.org/0009-0003-7583-2098","observed_orcids":["https://orcid.org/0009-0003-7583-2098"]},"institutions":[{"id":"https://openalex.org/I90259746","display_name":"Capital University of Economics and Business","ror":"https://ror.org/01r5sf951","country_code":"CN","type":"education","lineage":["https://openalex.org/I90259746"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Longxuan Chen","raw_affiliation_strings":["School of Finance, Capital University of Economics and Business, Beijing, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Finance, Capital University of Economics and Business, Beijing, China","institution_ids":["https://openalex.org/I90259746"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5084821784","display_name":"Jing Hao","orcid":"https://orcid.org/0000-0002-4587-8533","observed_orcids":["https://orcid.org/0000-0002-4587-8533","https://orcid.org/0000-0003-3723-4022"]},"institutions":[{"id":"https://openalex.org/I90259746","display_name":"Capital University of Economics and Business","ror":"https://ror.org/01r5sf951","country_code":"CN","type":"education","lineage":["https://openalex.org/I90259746"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Jing Hao","raw_affiliation_strings":["School of Accounting, Capital University of Economics and Business, Beijing, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Accounting, Capital University of Economics and Business, Beijing, China","institution_ids":["https://openalex.org/I90259746"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5064764151","display_name":"Ji George Wu","orcid":"https://orcid.org/0000-0001-5937-8292","observed_orcids":["https://orcid.org/0000-0001-5937-8292"]},"institutions":[{"id":"https://openalex.org/I51158804","display_name":"Massey University","ror":"https://ror.org/052czxv31","country_code":"NZ","type":"education","lineage":["https://openalex.org/I51158804"]}],"countries":["NZ"],"is_corresponding":false,"raw_author_name":"Ji Wu","raw_affiliation_strings":["School of Economics and Finance, Massey University, New Zealand"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Economics and Finance, Massey University, New Zealand","institution_ids":["https://openalex.org/I51158804"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5084821784"],"corresponding_institution_ids":["https://openalex.org/I90259746"],"apc_list":{"value":3310,"currency":"USD","value_usd":3310},"apc_paid":null,"fwci":11.6496,"has_fulltext":false,"cited_by_count":20,"citation_normalized_percentile":{"value":0.98338677,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":98,"max":99},"biblio":{"volume":"129","issue":null,"first_page":"107250","last_page":"107250"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12276","display_name":"Risk Management in Financial Firms","score":0.8080999851226807,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12276","display_name":"Risk Management in Financial Firms","score":0.8080999851226807,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.18400000035762787,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.002199999988079071,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/crude-oil-futures","display_name":"crude oil futures","score":0.9950000047683716},{"id":"https://openalex.org/keywords/financial-market-development","display_name":"financial market development","score":0.7099999785423279},{"id":"https://openalex.org/keywords/corporate-risk-management","display_name":"corporate risk management","score":0.9869999885559082},{"id":"https://openalex.org/keywords/idiosyncratic-risk","display_name":"idiosyncratic risk","score":0.9980000257492065},{"id":"https://openalex.org/keywords/cash-flow-volatility","display_name":"cash flow volatility","score":0.5419999957084656},{"id":"https://openalex.org/keywords/competitive-pressure","display_name":"competitive pressure","score":0.6790000200271606},{"id":"https://openalex.org/keywords/firm-size","display_name":"firm size","score":0.8460000157356262},{"id":"https://openalex.org/keywords/energy-policy","display_name":"energy policy","score":0.9419999718666077},{"id":"https://openalex.org/keywords/china","display_name":"China","score":0.4449999928474426}],"concepts":[{"id":"https://openalex.org/C106306483","wikidata":"https://www.wikidata.org/wiki/Q183984","display_name":"Futures contract","level":2,"score":0.7566781044006348},{"id":"https://openalex.org/C191935318","wikidata":"https://www.wikidata.org/wiki/Q148","display_name":"China","level":2,"score":0.7442985773086548},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.6586512327194214},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5474853515625},{"id":"https://openalex.org/C163428354","wikidata":"https://www.wikidata.org/wiki/Q1047513","display_name":"Cash flow","level":2,"score":0.5323562622070312},{"id":"https://openalex.org/C80212096","wikidata":"https://www.wikidata.org/wiki/Q1975416","display_name":"Systematic risk","level":2,"score":0.4965365529060364},{"id":"https://openalex.org/C166052673","wikidata":"https://www.wikidata.org/wiki/Q83021","display_name":"Empirical evidence","level":2,"score":0.48083409667015076},{"id":"https://openalex.org/C32896092","wikidata":"https://www.wikidata.org/wiki/Q189447","display_name":"Risk management","level":2,"score":0.47305408120155334},{"id":"https://openalex.org/C2987168347","wikidata":"https://www.wikidata.org/wiki/Q22656","display_name":"Crude oil","level":2,"score":0.4484378397464752},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4398406445980072},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.4264344871044159},{"id":"https://openalex.org/C63479239","wikidata":"https://www.wikidata.org/wiki/Q7353546","display_name":"Robustness (evolution)","level":3,"score":0.4253539443016052},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.4214495122432709},{"id":"https://openalex.org/C2983622608","wikidata":"https://www.wikidata.org/wiki/Q2298435","display_name":"Futures market","level":3,"score":0.4130706191062927},{"id":"https://openalex.org/C80515813","wikidata":"https://www.wikidata.org/wiki/Q1134763","display_name":"Corporate finance","level":2,"score":0.41200584173202515},{"id":"https://openalex.org/C55493867","wikidata":"https://www.wikidata.org/wiki/Q7094","display_name":"Biochemistry","level":1,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C104317684","wikidata":"https://www.wikidata.org/wiki/Q7187","display_name":"Gene","level":2,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C78762247","wikidata":"https://www.wikidata.org/wiki/Q1273174","display_name":"Petroleum engineering","level":1,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1016/j.eneco.2023.107250","doi":"https://doi.org/10.1016/j.eneco.2023.107250","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.eneco.2023.107250","pdf_url":null,"source":{"id":"https://openalex.org/S94499970","display_name":"Energy Economics","issn_l":"0140-9883","issn":["0140-9883","1873-6181"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-2","jufo-1","norway-1","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Energy Economics","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eee:eneeco:v:129:y:2024:i:c:s014098832300748x","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S014098832300748X","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[{"id":"https://openalex.org/G5305100000","display_name":null,"funder_award_id":"ZD202303","funder_id":"https://openalex.org/F4320330323","funder_display_name":"Capital University of Economics and Business"},{"id":"https://openalex.org/G6330972026","display_name":null,"funder_award_id":"2024XSXR18","funder_id":"https://openalex.org/F4320330323","funder_display_name":"Capital University of Economics and Business"},{"id":"https://openalex.org/G6875453815","display_name":null,"funder_award_id":"72141304","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"},{"id":"https://openalex.org/G803182","display_name":"\u4e92\u8054\u7f51\u65b0\u5a92\u4f53\u4fe1\u606f\u5bf9\u6211\u56fd\u4e0a\u5e02\u516c\u53f8\u98ce\u9669\u5f71\u54cd\u673a\u5236\u7814\u7a76","funder_award_id":"72001156","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"}],"funders":[{"id":"https://openalex.org/F4320321001","display_name":"National Natural Science Foundation of China","ror":"https://ror.org/01h0zpd94"},{"id":"https://openalex.org/F4320330323","display_name":"Capital University of Economics and Business","ror":"https://ror.org/01r5sf951"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":66,"referenced_works":["https://openalex.org/W1964930841","https://openalex.org/W1989285461","https://openalex.org/W1995834279","https://openalex.org/W2023096441","https://openalex.org/W2027831550","https://openalex.org/W2055760237","https://openalex.org/W2061326864","https://openalex.org/W2078850582","https://openalex.org/W2081416478","https://openalex.org/W2087041684","https://openalex.org/W2113208252","https://openalex.org/W2124400200","https://openalex.org/W2128342851","https://openalex.org/W2132417154","https://openalex.org/W2149908462","https://openalex.org/W2324114195","https://openalex.org/W2486801256","https://openalex.org/W2556652903","https://openalex.org/W2734920164","https://openalex.org/W2809002456","https://openalex.org/W2888423870","https://openalex.org/W2898669349","https://openalex.org/W2941363798","https://openalex.org/W2944023918","https://openalex.org/W2956945526","https://openalex.org/W2980522358","https://openalex.org/W2984582672","https://openalex.org/W2999792604","https://openalex.org/W3005998942","https://openalex.org/W3015935709","https://openalex.org/W3017776255","https://openalex.org/W3034990282","https://openalex.org/W3036659166","https://openalex.org/W3041854451","https://openalex.org/W3048762919","https://openalex.org/W3091977402","https://openalex.org/W3093274581","https://openalex.org/W3093930050","https://openalex.org/W3109620851","https://openalex.org/W3118485228","https://openalex.org/W3121253679","https://openalex.org/W3121271339","https://openalex.org/W3121275215","https://openalex.org/W3122225907","https://openalex.org/W3122812581","https://openalex.org/W3122824160","https://openalex.org/W3124114405","https://openalex.org/W3125496211","https://openalex.org/W3125552076","https://openalex.org/W3134529138","https://openalex.org/W3168534461","https://openalex.org/W3172533963","https://openalex.org/W3212147610","https://openalex.org/W3215749105","https://openalex.org/W3217176046","https://openalex.org/W4211139627","https://openalex.org/W4281289149","https://openalex.org/W4282972420","https://openalex.org/W4284959235","https://openalex.org/W4290805668","https://openalex.org/W4296520347","https://openalex.org/W4303182796","https://openalex.org/W4323537256","https://openalex.org/W4362560543","https://openalex.org/W4387842479","https://openalex.org/W6722512045"],"related_works":["https://openalex.org/W4409430282","https://openalex.org/W4408514787","https://openalex.org/W4410776614","https://openalex.org/W4323537256","https://openalex.org/W4387246754","https://openalex.org/W3080345106","https://openalex.org/W4386571134","https://openalex.org/W2078834768","https://openalex.org/W4396642120","https://openalex.org/W4385605764"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":4},{"year":2025,"cited_by_count":6},{"year":2024,"cited_by_count":10}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2023-12-09T00:00:00"}
