The impact of exchange rate policy uncertainty shock on Chinese energy firms' risk-taking

• Published in: Energy economics Vol. 105; p. 105717
• Main Authors: Li, Xiao-Lin, Qiu, Guojing, Ding, Hui
• Format: Journal Article
• Language: English
• Published: Kidlington Elsevier B.V 01.01.2022; Elsevier Science Ltd
• Subjects: Assets; Companies; Energy; Energy economics; Exchange rate policy; Exchange rate policy uncertainty; Financial asset investment; Foreign exchange rates; Government subsidy; Panel data; Political systems; Public finance; Risk; Risk behavior; Risk factors; Risk taking; Shock; Subsidies; Uncertainty; China; Government subsidy; Exchange rate policy uncertainty; Financial asset investment; Risk-taking

This study investigates the causal effect of exchange rate policy uncertainty shock on energy firms' risk-taking, employing the panel data of Chinese listed energy firms during 2003–2019. The results show that a shock of exchange rate policy uncertainty will lead to a significant increase in Ch...