{"id":"https://openalex.org/W4295260265","doi":"https://doi.org/10.1007/s10479-022-04876-0","title":"Do commodity assets hedge uncertainties? What we learn from the recent turbulence period?","display_name":"Do commodity assets hedge uncertainties? What we learn from the recent turbulence period?","publication_year":2022,"publication_date":"2022-09-12","ids":{"openalex":"https://openalex.org/W4295260265","doi":"https://doi.org/10.1007/s10479-022-04876-0","pmid":"https://pubmed.ncbi.nlm.nih.gov/36120421"},"language":"en","primary_location":{"id":"doi:10.1007/s10479-022-04876-0","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s10479-022-04876-0","pdf_url":"https://link.springer.com/content/pdf/10.1007/s10479-022-04876-0.pdf","source":{"id":"https://openalex.org/S57667410","display_name":"Annals of Operations Research","issn_l":"0254-5330","issn":["0254-5330","1572-9338"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Annals of Operations Research","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","pubmed"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://link.springer.com/content/pdf/10.1007/s10479-022-04876-0.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5080141291","display_name":"Md. Bokhtiar Hasan","orcid":"https://orcid.org/0000-0002-5390-077X"},"institutions":[{"id":"https://openalex.org/I40279923","display_name":"Islamic University","ror":"https://ror.org/04j1w0q97","country_code":"BD","type":"education","lineage":["https://openalex.org/I40279923"]}],"countries":["BD"],"is_corresponding":false,"raw_author_name":"Md. Bokhtiar Hasan","raw_affiliation_strings":["Department of Finance and Banking, Islamic University, Kushtia, 7003 Bangladesh","Department of Finance and Banking, Islamic University, Kushtia, 7003, Bangladesh"],"raw_orcid":"https://orcid.org/0000-0002-5390-077X","affiliations":[{"raw_affiliation_string":"Department of Finance and Banking, Islamic University, Kushtia, 7003 Bangladesh","institution_ids":["https://openalex.org/I40279923"]},{"raw_affiliation_string":"Department of Finance and Banking, Islamic University, Kushtia, 7003, Bangladesh","institution_ids":["https://openalex.org/I40279923"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5001873596","display_name":"Md. Naiem Hossain","orcid":"https://orcid.org/0000-0002-6812-7636"},"institutions":[{"id":"https://openalex.org/I40279923","display_name":"Islamic University","ror":"https://ror.org/04j1w0q97","country_code":"BD","type":"education","lineage":["https://openalex.org/I40279923"]}],"countries":["BD"],"is_corresponding":false,"raw_author_name":"Md. Naiem Hossain","raw_affiliation_strings":["Department of Finance and Banking, Islamic University, Kushtia, 7003 Bangladesh","Department of Finance and Banking, Islamic University, Kushtia, 7003, Bangladesh"],"raw_orcid":"https://orcid.org/0000-0002-6812-7636","affiliations":[{"raw_affiliation_string":"Department of Finance and Banking, Islamic University, Kushtia, 7003 Bangladesh","institution_ids":["https://openalex.org/I40279923"]},{"raw_affiliation_string":"Department of Finance and Banking, Islamic University, Kushtia, 7003, Bangladesh","institution_ids":["https://openalex.org/I40279923"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5002241350","display_name":"Juha-Pekka Junttila","orcid":"https://orcid.org/0000-0003-4144-126X"},"institutions":[{"id":"https://openalex.org/I94722563","display_name":"University of Jyv\u00e4skyl\u00e4","ror":"https://ror.org/05n3dz165","country_code":"FI","type":"education","lineage":["https://openalex.org/I94722563"]}],"countries":["FI"],"is_corresponding":false,"raw_author_name":"Juha Junttila","raw_affiliation_strings":["School of Business and Economics, University of Jyv\u00e4skyl\u00e4, Jyv\u00e4skyl\u00e4, Finland"],"raw_orcid":"https://orcid.org/0000-0003-4144-126X","affiliations":[{"raw_affiliation_string":"School of Business and Economics, University of Jyv\u00e4skyl\u00e4, Jyv\u00e4skyl\u00e4, Finland","institution_ids":["https://openalex.org/I94722563"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5019480291","display_name":"Gazi Salah Uddin","orcid":"https://orcid.org/0000-0002-5744-0192"},"institutions":[{"id":"https://openalex.org/I102134673","display_name":"Link\u00f6ping University","ror":"https://ror.org/05ynxx418","country_code":"SE","type":"education","lineage":["https://openalex.org/I102134673"]}],"countries":["SE"],"is_corresponding":true,"raw_author_name":"Gazi Salah Uddin","raw_affiliation_strings":["Department of Management and Engineering, Link\u00f6ping University, Link\u00f6ping, Sweden"],"raw_orcid":"https://orcid.org/0000-0002-5744-0192","affiliations":[{"raw_affiliation_string":"Department of Management and Engineering, Link\u00f6ping University, Link\u00f6ping, Sweden","institution_ids":["https://openalex.org/I102134673"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5039584496","display_name":"Mustafa Raza Rabbani","orcid":"https://orcid.org/0000-0002-9263-5657"},"institutions":[{"id":"https://openalex.org/I106663880","display_name":"University of Bahrain","ror":"https://ror.org/0317ekv86","country_code":"BH","type":"education","lineage":["https://openalex.org/I106663880"]}],"countries":["BH"],"is_corresponding":false,"raw_author_name":"Mustafa Raza Rabbani","raw_affiliation_strings":["Department of Economics and Finance, College of Business Administration, University of Bahrain, Sakhir, Bahrain"],"raw_orcid":"https://orcid.org/0000-0002-9263-5657","affiliations":[{"raw_affiliation_string":"Department of Economics and Finance, College of Business Administration, University of Bahrain, Sakhir, Bahrain","institution_ids":["https://openalex.org/I106663880"]}]}],"institutions":[],"countries_distinct_count":4,"institutions_distinct_count":5,"corresponding_author_ids":["https://openalex.org/A5019480291"],"corresponding_institution_ids":["https://openalex.org/I102134673"],"apc_list":{"value":2390,"currency":"EUR","value_usd":2990},"apc_paid":{"value":2390,"currency":"EUR","value_usd":2990},"fwci":8.8957,"has_fulltext":true,"cited_by_count":36,"citation_normalized_percentile":{"value":0.9751818,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":94,"max":99},"biblio":{"volume":"345","issue":"2-3","first_page":"1387","last_page":"1420"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9998000264167786,"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"}},"topics":[{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9998000264167786,"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/T13007","display_name":"Economic Sanctions and International Relations","score":0.9376000165939331,"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"}}],"keywords":[{"id":"https://openalex.org/keywords/hedge","display_name":"Hedge","score":0.6674271821975708},{"id":"https://openalex.org/keywords/commodity","display_name":"Commodity","score":0.6528794765472412},{"id":"https://openalex.org/keywords/period","display_name":"Period (music)","score":0.636144757270813},{"id":"https://openalex.org/keywords/hedge-fund","display_name":"Hedge fund","score":0.5171586871147156},{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.4685700237751007},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.4283800721168518},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.38977766036987305},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.3287118673324585},{"id":"https://openalex.org/keywords/physics","display_name":"Physics","score":0.07899534702301025}],"concepts":[{"id":"https://openalex.org/C70771513","wikidata":"https://www.wikidata.org/wiki/Q235779","display_name":"Hedge","level":2,"score":0.6674271821975708},{"id":"https://openalex.org/C2779439359","wikidata":"https://www.wikidata.org/wiki/Q317088","display_name":"Commodity","level":2,"score":0.6528794765472412},{"id":"https://openalex.org/C2781291010","wikidata":"https://www.wikidata.org/wiki/Q178580","display_name":"Period (music)","level":2,"score":0.636144757270813},{"id":"https://openalex.org/C204434749","wikidata":"https://www.wikidata.org/wiki/Q105611","display_name":"Hedge fund","level":2,"score":0.5171586871147156},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.4685700237751007},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4283800721168518},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.38977766036987305},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3287118673324585},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.07899534702301025},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C24890656","wikidata":"https://www.wikidata.org/wiki/Q82811","display_name":"Acoustics","level":1,"score":0.0}],"mesh":[],"locations_count":6,"locations":[{"id":"doi:10.1007/s10479-022-04876-0","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s10479-022-04876-0","pdf_url":"https://link.springer.com/content/pdf/10.1007/s10479-022-04876-0.pdf","source":{"id":"https://openalex.org/S57667410","display_name":"Annals of Operations Research","issn_l":"0254-5330","issn":["0254-5330","1572-9338"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Annals of Operations Research","raw_type":"journal-article"},{"id":"pmid:36120421","is_oa":false,"landing_page_url":"https://pubmed.ncbi.nlm.nih.gov/36120421","pdf_url":null,"source":{"id":"https://openalex.org/S4306525036","display_name":"PubMed","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I1299303238","host_organization_name":"National Institutes of Health","host_organization_lineage":["https://openalex.org/I1299303238"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Annals of operations research","raw_type":null},{"id":"pmh:oai:DiVA.org:liu-188584","is_oa":true,"landing_page_url":"http://urn.kb.se/resolve?urn=urn:nbn:se:liu:diva-188584","pdf_url":null,"source":{"id":"https://openalex.org/S4306401559","display_name":"KTH Publication Database DiVA (KTH Royal Institute of Technology)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"text"},{"id":"pmh:oai:RePEc:spr:annopr:v:345:y:2025:i:2:d:10.1007_s10479-022-04876-0","is_oa":false,"landing_page_url":"http://link.springer.com/10.1007/s10479-022-04876-0","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,"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"},{"id":"pmh:oai:jyx.jyu.fi:123456789/83632","is_oa":true,"landing_page_url":"http://urn.fi/URN:NBN:fi:jyu-202210214946","pdf_url":null,"source":{"id":"https://openalex.org/S4306400563","display_name":"Jyv\u00e4skyl\u00e4 University Digital Archive (University of Jyv\u00e4skyl\u00e4)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I94722563","host_organization_name":"University of Jyv\u00e4skyl\u00e4","host_organization_lineage":["https://openalex.org/I94722563"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"A1"},{"id":"pmh:oai:pubmedcentral.nih.gov:9465658","is_oa":true,"landing_page_url":"https://www.ncbi.nlm.nih.gov/pmc/articles/9465658","pdf_url":null,"source":{"id":"https://openalex.org/S2764455111","display_name":"PubMed Central","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I1299303238","host_organization_name":"National Institutes of Health","host_organization_lineage":["https://openalex.org/I1299303238"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Ann Oper Res","raw_type":"Text"}],"best_oa_location":{"id":"doi:10.1007/s10479-022-04876-0","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s10479-022-04876-0","pdf_url":"https://link.springer.com/content/pdf/10.1007/s10479-022-04876-0.pdf","source":{"id":"https://openalex.org/S57667410","display_name":"Annals of Operations Research","issn_l":"0254-5330","issn":["0254-5330","1572-9338"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Annals of Operations Research","raw_type":"journal-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/9","display_name":"Industry, innovation and infrastructure","score":0.5}],"awards":[],"funders":[{"id":"https://openalex.org/F4320322225","display_name":"Link\u00f6pings Universitet","ror":"https://ror.org/05ynxx418"}],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4295260265.pdf","grobid_xml":"https://content.openalex.org/works/W4295260265.grobid-xml"},"referenced_works_count":60,"referenced_works":["https://openalex.org/W1520841927","https://openalex.org/W1727659491","https://openalex.org/W1992041523","https://openalex.org/W2061160212","https://openalex.org/W2082961314","https://openalex.org/W2084288278","https://openalex.org/W2106894348","https://openalex.org/W2476029006","https://openalex.org/W2544894511","https://openalex.org/W2594654313","https://openalex.org/W2731428228","https://openalex.org/W2763927359","https://openalex.org/W2765395165","https://openalex.org/W2788668369","https://openalex.org/W2794412004","https://openalex.org/W2898422709","https://openalex.org/W2905739214","https://openalex.org/W2907058620","https://openalex.org/W2910161434","https://openalex.org/W2937794581","https://openalex.org/W2940931488","https://openalex.org/W2942792437","https://openalex.org/W2958012700","https://openalex.org/W2964244524","https://openalex.org/W2964808123","https://openalex.org/W2981084728","https://openalex.org/W2982051535","https://openalex.org/W2984510736","https://openalex.org/W2988082595","https://openalex.org/W3011053811","https://openalex.org/W3014843328","https://openalex.org/W3016752284","https://openalex.org/W3017880491","https://openalex.org/W3026661449","https://openalex.org/W3040837728","https://openalex.org/W3042286035","https://openalex.org/W3082086954","https://openalex.org/W3107337466","https://openalex.org/W3123598957","https://openalex.org/W3123777129","https://openalex.org/W3124189000","https://openalex.org/W3124837614","https://openalex.org/W3136228055","https://openalex.org/W3141994024","https://openalex.org/W3154755311","https://openalex.org/W3158177766","https://openalex.org/W3161895798","https://openalex.org/W3164067048","https://openalex.org/W3164326736","https://openalex.org/W3175433451","https://openalex.org/W3179304397","https://openalex.org/W3183211919","https://openalex.org/W3192993104","https://openalex.org/W3196266153","https://openalex.org/W3196280376","https://openalex.org/W4213121311","https://openalex.org/W4220946800","https://openalex.org/W4224281759","https://openalex.org/W4225533034","https://openalex.org/W4280616547"],"related_works":["https://openalex.org/W2590211375","https://openalex.org/W2581822552","https://openalex.org/W2579643896","https://openalex.org/W2372919335","https://openalex.org/W2361078629","https://openalex.org/W4251508416","https://openalex.org/W4399606178","https://openalex.org/W2427383484","https://openalex.org/W3200593740","https://openalex.org/W2496417414"],"abstract_inverted_index":{"This":[0],"study":[1],"analyses":[2],"the":[3,37],"impact":[4],"of":[5],"different":[6],"uncertainties":[7,87],"on":[8],"commodity":[9,13,75],"markets":[10,58],"to":[11],"assess":[12],"markets'":[14],"hedging":[15,116],"or":[16],"safe-haven":[17,47,83,98],"properties.":[18],"Using":[19],"time-varying":[20],"dynamic":[21],"conditional":[22],"correlation":[23],"and":[24,35,41,53,68,76,88,104,113,117],"wavelet-based":[25],"Quantile-on-Quantile":[26],"regression":[27],"models,":[28],"our":[29,94],"findings":[30,95,107],"show":[31],"that,":[32],"both":[33],"before":[34],"during":[36],"COVID-19":[38],"crisis,":[39],"soybeans":[40],"clean":[42],"energy":[43],"stocks":[44],"offer":[45,80],"strong":[46],"opportunities":[48],"against":[49,85],"cryptocurrency":[50,61,86],"price":[51],"uncertainty":[52],"geopolitical":[54],"risks":[55],"(GPR).":[56],"Soybean":[57],"weakly":[59],"hedge":[60],"policy":[62,66],"uncertainty,":[63,67],"US":[64],"economic":[65],"crude":[69,77],"oil":[70,78],"volatility.":[71],"In":[72],"addition,":[73],"GSCI":[74],"also":[79],"a":[81],"weak":[82],"property":[84],"GPR.":[89],"Consistent":[90],"with":[91],"earlier":[92],"studies,":[93],"indicate":[96],"that":[97],"traits":[99],"can":[100],"alter":[101],"across":[102],"frequencies":[103],"quantiles.":[105],"Our":[106],"have":[108],"significant":[109],"implications":[110],"for":[111],"investors":[112],"regulators":[114],"in":[115],"making":[118],"proper":[119],"decisions,":[120],"respectively,":[121],"under":[122],"diverse":[123],"uncertain":[124],"circumstances.":[125]},"counts_by_year":[{"year":2026,"cited_by_count":4},{"year":2025,"cited_by_count":9},{"year":2024,"cited_by_count":10},{"year":2023,"cited_by_count":11},{"year":2022,"cited_by_count":2}],"updated_date":"2026-05-21T06:26:12.895304","created_date":"2025-10-10T00:00:00"}