Impacts of coal prices on the performance of Chinese financial institutions: Does electricity consumption matter?

Boqiang Lin () and Chonghao Wang

International Review of Economics & Finance, 2021, vol. 76, issue C, 884-896

Abstract: This paper investigates the impacts of coal prices on Chinese financial institutions' performance through the CAMEL indicators. We also analyze the potential impact mechanism of coal price shocks. Considering the energy consumption structure in China, we further discuss the impacts of electricity price control on coal price shocks. Results show that the coal price shocks have adverse impacts on Chinese financial institutions. And different industries play different roles in the transmission process of coal price shocks. Coal price shocks are partly mitigated by electricity price control, but these interventions in the market are inefficient.

Keywords: Coal price shock; Camel rating; Financial institution; Electricity price (search for similar items in EconPapers)
JEL-codes: C33 G20 G28 Q41 Q43 Q48 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:76:y:2021:i:c:p:884-896

DOI: 10.1016/j.iref.2021.08.008

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