How do systematic risk spillovers reshape investment outcomes?
| dc.contributor.author | Tao, Miaomiao | |
| dc.contributor.author | Roubaud, David | |
| dc.contributor.author | Tiwari, Aviral Kumar | |
| dc.contributor.author | Silva, Emilson | |
| dc.date.accessioned | 2025-12-02T07:44:34Z | |
| dc.date.issued | 2025-04 | |
| dc.description.abstract | We investigate the effects of domestic and cross-border systematic risk spillovers on corporate investment metrics, using stock indices comprising 212 energy firms across 36 countries, spanning July 1, 2009, to August 31, 2023, sourced from S&P Global Commodity Insights®. The two-layered network underscores the catastrophic consequences induced by the Russia–Ukraine conflict in Europe. Our regression results designate that systematic risk spillovers composed of domestic and cross-border risks hinder corporate real investments while encouraging new investments and diminishing inefficiencies. Yet geopolitical risk amplifies these risks, leading to broader disruptions in investment behaviors. | |
| dc.identifier.citation | Miaomiao Tao, David Roubaud, Aviral Kumar Tiwari, Emilson Silva, How do systematic risk spillovers reshape investment outcomes?, Finance Research Letters, Volume 75, 2025, 106809, ISSN 1544-6123, https://doi.org/10.1016/j.frl.2025.106809. | |
| dc.identifier.issn | 1544-6123 | |
| dc.identifier.uri | https://doi.org/10.1016/j.frl.2025.106809 | |
| dc.identifier.uri | http://10.0.100.94:4000/handle/123456789/485 | |
| dc.language.iso | en | |
| dc.publisher | Finance Research Letters | |
| dc.relation.ispartofseries | Vol.75 | |
| dc.subject | Financial stability | |
| dc.subject | Domestic and external risk spillovers | |
| dc.subject | Complex network | |
| dc.title | How do systematic risk spillovers reshape investment outcomes? | |
| dc.type | Article |
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