The impact of the Russia-Ukraine conflict on the energy subsector stocks in China: A network-based approach

被引：21

作者：

Xing, Xiaoyun ^{[1
]}

Xu, Zihan ^{[1
]}

Chen, Ying ^{[1
]}

Ouyang, WenPei ^{[1
]}

Deng, Jing ^{[1
]}

Pan, Huanxue ^{[1
]}

机构：

[1] Beijing Forestry Univ, Sch Econ & Management, Beijing 100083, Peoples R China

来源：

FINANCE RESEARCH LETTERS | 2023年 / 53卷

关键词：

The Russia-Ukraine conflict; Energy stock market; Risk transmission; Network analysis;

D O I：

10.1016/j.frl.2023.103645

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper explores the impact of the Russia-Ukraine conflict on the risk transmission of energy subsector stocks in China. Risk spillovers are quantified by the Diebold and Yilmaz index model. Based on the minimum spanning tree analysis, we identify the systematically important energy stocks and the shortest transmission paths. The results show that the key energy stocks in terms of volatility correlations would certainly change during the Russia-Ukraine conflict. In normal times, the traditional stocks act as the hubs of risk contagion. However, during the conflict, several renewable energy stocks tend to influence other stocks in the system.

引用

页数：8

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