Authors: Antonio Focacci
Addresses: School of Economics, University of Bologna, Piazza Scaravilli, 2, 40126 Bologna, Italy
Abstract: Generally labelled by the term financialisation of commodity markets, integration between traditional financial asset and futures markets has spurred discussions about its supposed detrimental effect. In a revenue management perspective, commodities processors' resulting pricing policies may become more time-sensitive to physical quotations favouring potential instability in firm values. By using a recent developed multibreakpoint detection technique coupled with econometric Granger-causality, we attempt to contribute to existing literature by examining the direct relationships in the supposed influencing mechanism with a special focus on non-commercial activity.
Keywords: multibreakpoint analysis; Granger-causality; revenue management; financialisation; oil prices.
International Journal of Revenue Management, 2019 Vol.11 No.1/2, pp.54 - 75
Received: 21 Jan 2019
Accepted: 18 Feb 2019
Published online: 11 Oct 2019 *