dc.contributor.author |
Ji, Qiang
|
|
dc.contributor.author |
Bahloul, Walid
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|
dc.contributor.author |
Geng, Jiang-Bo
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|
dc.contributor.author |
Gupta, Rangan
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|
dc.date.accessioned |
2020-08-26T06:47:15Z |
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dc.date.issued |
2020-04 |
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dc.description.abstract |
This paper analyses the connectedness network for commercial traders’ sentiment across agriculture, energy, metals and livestock futures markets. The findings find that: (a) producer/merchant/processor/user (PMPU) in agricultural and energy markets are mainly engaged in cross-hedging in the futures market, and most of them would avoid risks in these markets by operating in the metal markets, which can be considered safe for PMPU traders, and that the cross-hedging strategies may play the role of PMPU sentiment spillover across futures markets; (b) as index traders, the swap dealers operate more in two markets, namely between the agricultural and metal markets, or between the agricultural and energy markets; (c) the influence of geopolitical risks in some countries can affect the stability of energy markets, which in turn can cause PMPU system-wide connectedness. |
en_ZA |
dc.description.department |
Economics |
en_ZA |
dc.description.embargo |
2021-04-01 |
|
dc.description.librarian |
hj2020 |
en_ZA |
dc.description.sponsorship |
The National Natural Science Foundation of China and Youth Innovation Promotion Association of Chinese Academy of Sciences. |
en_ZA |
dc.description.uri |
http://www.elsevier.com/locate/ribaf |
en_ZA |
dc.identifier.citation |
Ji, Q., Bahloul, W., Geng, J.B. et al. 2020, 'Trading behaviour connectedness across commodity markets : evidence from the hedgers’ sentiment perspective', Research in International Business and Finance, vol. 52, art. 101114, pp. 1-20. |
en_ZA |
dc.identifier.issn |
0275-5319 |
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dc.identifier.other |
10.1016/j.ribaf.2019.101114 |
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dc.identifier.uri |
http://hdl.handle.net/2263/75896 |
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dc.language.iso |
en |
en_ZA |
dc.publisher |
Elsevier |
en_ZA |
dc.rights |
© 2019 Elsevier B.V. All rights reserved. Notice : this is the author’s version of a work that was accepted for publication in Research in International Business and Finance. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. A definitive version was subsequently published in Research in International Business and Finance, vol. 52, art. 101114, pp. 1-20, 2020. doi : 10.1016/j.ribaf.2019.101114. |
en_ZA |
dc.subject |
Producer/merchant/processor/user (PMPU) |
en_ZA |
dc.subject |
Investor sentiment |
en_ZA |
dc.subject |
Commodity markets |
en_ZA |
dc.subject |
Connectedness |
en_ZA |
dc.subject |
Spillover effects |
en_ZA |
dc.subject |
Trading behaviour |
en_ZA |
dc.subject |
Hedgers |
en_ZA |
dc.title |
Trading behaviour connectedness across commodity markets : evidence from the hedgers’ sentiment perspective |
en_ZA |
dc.type |
Postprint Article |
en_ZA |