We investigate the effect of commodity financialization on firm’s idiosyncratic risk. Our results reveal a positive … effect of commodity financialization on firm’s idiosyncratic risk. Derivative usage and diversification strategy can … hedging instruments is complementary, and the increased idiosyncratic risk caused by commodity financialization can be priced …

Family ties and kinship networks play an important role in sharing risk under insufficient social security. In this … paper, we use panel data based on a massive household survey in China to examine the heterogeneous risk-sharing networks and …-proximities, similar income positions, and lower uncertainty exposures. The vehicles of risk-sharing differ across networks, and direct …

Family ties and kinship networks play an important role in sharing risk under unanticipated shocks, especially under … insufficient social security. In this paper, we use panel data based on a massive household survey to examine the risk … with the average level of income position (uncertainty exposure) of extended family members. Regarding the vehicles of risk …