期刊
ECONOMIES
卷 10, 期 12, 页码 -出版社
MDPI
DOI: 10.3390/economies10120299
关键词
geopolitical risks; energy; international tension; micro-level operations
类别
资金
- FCT-Portuguese Foundation for Science and Technology [UIDB/04928/2020]
This study fills the gap between the influence of geopolitical risks related to energy and international tensions by analyzing micro-level operational measures. The results show that geopolitical risks have adverse effects on both the energy and other corporate sectors. The future direction of this research is to estimate how statistical model relationships may assist the corporate sector and investors in adopting mitigating measures to control upcoming geopolitical risks due to energy risks caused by geopolitical unrest.
Energy prices play a crucial role in combating geopolitical risks, especially for the major suppliers of energy resources. However, energy prices display a bilateral relationship with geopolitical risks in any economy. Any hike in the price of energy stimulates geopolitical risk factors and visa-versa. The consequences adversely impact economies and bring forth international tensions. This paper bridges a gap between the influence of geopolitical risks relating to energy and international tensions by analyzing micro-level operational measures. We deploy an empirical model to predict the energy sector and possible risk factors incorporating Eurostat data on twenty-seven states, from 2011 to 2020. This study collected a different energy variable to support the multiple regression model constructed by the blocks (hierarchical linear regression) method. The results suggest that geopolitical risks cause adverse effects on both the energy and other corporate sectors. The future direction of this research is to estimate how statistical model relationships may assist the corporate sector, and investors, in adopting mitigating measures to control upcoming geopolitical risks due to energy risks caused by geopolitical unrest.
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