This study examines the relationship between commodity futures and global stocks. For the first time, we examine the financialization of commodity futures by employing a quantile regression approach. From 2004-2013, we confirm a strong degree of dependence in energy commodities with moderate...

We use high-frequency data to examine the effects of introducing an additional night trading session of four hours at the Shanghai Futures Exchange for Copper and Aluminum futures in December 2013. This additional trading session is shown to cause a structural break in the intraday behavior of...

Companies increasingly announce goals to reduce carbon emissions. How do firms in the oil and gas industry achieve such goals without fundamentally changing their business model? We analyze this question and aim to identify any changes in firms' exposures to oil and to clean and renewable...