Publications Database

Welcome to the new Schulich Peer-Reviewed Publication Database!

The database is currently in beta-testing and will be updated with more features as time goes on. In the meantime, stakeholders are free to explore our faculty’s numerous works. The left-hand panel affords the ability to search by the following:

  • Faculty Member’s Name;
  • Area of Expertise;
  • Whether the Publication is Open-Access (free for public download);
  • Journal Name; and
  • Date Range.

At present, the database covers publications from 2012 to 2020, but will extend further back in the future. In addition to listing publications, the database includes two types of impact metrics: Altmetrics and Plum. The database will be updated annually with most recent publications from our faculty.

If you have any questions or input, please don’t hesitate to get in touch.

 

Search Results

Jiang, Y., Ma, C.-Q., Weber, O., & Ren, Y.-S. (2021). "How Do Structural Oil Price Shocks Affect China’s Investor Sentiment? The Critical Role of OPEC Oil Supply Shocks", Asia-Pacific Journal of Financial Studies, 50(5), 500-526.

Open Access Download

Keywords
Abstract
This paper applies a modified structural vector autoregressive (SVAR) model to explore
whether explicit structural oil price shocks affect investor sentiment in China’s stock market.
The results indicate that China’s investor sentiment responds significantly positively to OPEC
*This work was supported by the National Natural Science Foundation of China under
Grants #71850012, #71790593, #72104075, #72101120, the National Social Science Fund of
China (19AZD014), the Department of Science and Technology of Hunan province under
Grants # 2018GK1020, the Applied Economics of key Sequence Disciplines of Jiangsu Higher
Education Institutions under Grants # [2014]37, Hunan social science achievement review
committee under Grants # XSP21YBC087, and Hunan University Youth Talent Program.
Meanwhile, we are grateful to the Centre for Resource and Environmental Management of
Hunan University, the China Institute for Urban-rural Development and Community Gov-
ernance of Hunan University, and the Energy Centre of University of Auckland for providing
the help and support. We also would like to show our sincere gratitude to the anonymous
referee and the editor whose comments and suggestions greatly improved the quality of the
manuscript.
**Corresponding author: School of Public Administration, Hunan University, Room A305,
No.11 South Yuelu Road, Yuelu District, Changsha, Hunan P.R. China, 410082. Tel: +86-
189-9217-1667, email: renyishuai1989@126.com.
Asia-Pacific Journal of Financial Studies (2021) 50, 500–526 doi:10.1111/ajfs.12349
500 ©2021 Korean Securities Association
supply shocks, while it responds significantly negatively to oil-specific demand shocks. How-
ever, China’s stock investor sentiment does not respond to aggregate demand shocks and
non-OPEC supply shocks. In addition, OPEC supply shocks and oil-specific demand shocks
have greater explanatory power for variations in stock investor sentiment through variance
decomposition.