International oil price uncertainty and corporate investment: Evidence from China's emerging and transition economy

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• 作者：Yong Wang^a ; Erwei Xiang^b ; ^{e.xiang@ecu.edu.au} ; Adrian (Wai Kong) Cheung^c ; Wenjuan Ruan^d ; Wei Hu^c
• 关键词：G31 ; G32 ; G38 ; Q41 ; Q43
• 刊名：Energy Economics
• 出版年：2017
• 出版时间：January 2017
• 年：2017
• 卷：61
• 期：Complete
• 页码：330-339
• 全文大小：528 K
• 卷排序：61

文摘

The setting of China's emerging and transition economy is used. A dynamic model of investment is developed and estimated. Oil price uncertainty exerts a negative impact on corporate investment. The negative impact is more significant for non-state-owned listed companies. Different results are found between low- and high-degree marketization periods.