講座題目：Energy Commodity Futures, Country Risk, and Financial Uncertainty
主講人：李建強 教授
時間：9月3日（星期一）上午10:00-12:00
地點：主樓六樓
講座內容簡介：Using an innovative instrumental variable quantile regression technique, this paper assesses whether and how country risk and financial uncertainty exert an impact on energy commodity futures prices (crude oil, heating oil, and natural gas) under different commodity conditional return distributions over the period from January 1994 to July 2017. To gain further insights into this issue, we also discuss whether the correlations change with different dimensions of country risk, i.e., economic, financial, and political, which extant studies have ignored. The results reveal that country risk and financial stress do have a significant impact on energy commodity returns of futures contracts with different maturities, but their direction, intensity, and significance differ, caused by the distinct market situations and divergent channels of country risk. These factors are useful indicators for forecasting future returns in financial and commodity markets and can help evaluate and implement trading activities, hedging strategies, and portfolio construction. These results are important for policy makers who should be cautious when formulating a strategy for macroeconomic stability
主講人簡介：李建強，臺灣中山大學財務管理學系專任教授，研究領域為能源經濟、經濟增長、金融市場與機構、應用計量。李教授擔任多本國際學術期刊的編輯群，包括Energy Economics副主編、Energy Journal 國際編輯及Business and Economics Journal主編等。李教授取得了多項學術榮譽：Marquis Who's Who, Albert Nelson Marquis Lifetime Achievement Award、山西省百人計劃高層次人才、美國德州大學圣安東尼奧分校訪問學者、科技部優秀年輕學者研究計劃、《Marquis Who’s Who in the World (2016)》世界名人錄 、收錄呂鳳章先生紀念獎章(中華民國管理科學學會)、科技部獎勵特殊優秀人才、依據 Ecological Economics 調查結果，名列 21 世紀環境資源及生態經濟學作者排名第 1 (共調查 6597 篇論文)，IDEAS登錄學者，名列臺灣經濟學者top 5%。李教授在著名國際期刊上發表了多篇高質量的論文：包括刊登在財務及經濟類 A Tier1期刊：Journal of Money, Credit and Banking，刊登在財務類 A 級期刊：Journal of International Money and Finance, Journal of Financial Services Research，Quantitative Finance, The Geneva Risk and Insurance Review, The European Journal of Finance等，發表在經濟類 A級期刊為 Macroeconomic Dynamics等，能源類期刊包括Energy Journal, Energy Economics, Resource and Energy Economics, Energy Policy等，共發表超過150篇以上SSCI國際學術期刊。
（承辦：應用經濟系、科研與學術交流中心）
