This paper provides both a quantitative and qualitative analysis of whether the Chinese national oil companies have “overpaid” than international counterparts in overseas asset acquisitions during 2001-2017. Using a hedonic pricing framework, we find that while the Chinese companies did not...

This paper provides both a quantitative and qualitative analysis of whether the Chinese oil companies have “overpaid” than international counterparts in overseas asset acquisitions. Using a difference-in-difference and hedonic pricing framework, we find that while the Chinese companies did...

The paper studies the return-volatility relationship in a range of commodities. We develop a commodity price model and show that the volatility of price changes can be positively or negatively related to demand shocks. An “inverse leverage effect” – the volatility is higher following...

This paper provides both a quantitative and qualitative analysis of whether the Chinese oil companies have “overpaid” than international oil companies in overseas asset acquisitions. By controlling oil price and a number of asset- and deal-specific attributes that are known to affect the...