Search for Articles:
Title / Keyword
Author / Affiliation / Email
Journal
Article Type
 
 
Advanced Search
 
Section
Special Issue
Volume
Issue
Number
Page
 
5.0
Journals
JRFM
Special Issues
Commodity Price Risk and Corporate Valuation
share announcement

Commodity Price Risk and Corporate Valuation

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Applied Economics and Finance".

Deadline for manuscript submissions: 30 June 2026 | Viewed by 865

Special Issue Editor

Dr. Marius Sikveland

E-Mail Website
Guest Editor
UiS Business School, University of Stavanger (UiS), 4036 Stavanger, Norway
Interests: financial performance; valuation; commodity prices
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

This Special Issue, entitled Commodity Price Risk and Corporate Valuation, aims to explore the influence of commodity price volatility on corporate financial performance and valuation. We invite theoretical and empirical contributions that enhance our understanding of commodity price risk and its implications for valuation practices and corporate decision-making. Topics include, but are not limited to, hedging strategies, price forecasting, and valuation methodologies under price uncertainty.

Dr. Marius Sikveland
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 250 words) can be sent to the Editorial Office for assessment.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1600 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • commodity prices
  • corporate valuation
  • price risk
  • hedging
  • financial performance
  • risk management
  • price forecasting
  • investment decisions
  • volatility

Benefits of Publishing in a Special Issue

  • Ease of navigation: Grouping papers by topic helps scholars navigate broad scope journals more efficiently.
  • Greater discoverability: Special Issues support the reach and impact of scientific research. Articles in Special Issues are more discoverable and cited more frequently.
  • Expansion of research network: Special Issues facilitate connections among authors, fostering scientific collaborations.
  • External promotion: Articles in Special Issues are often promoted through the journal's social media, increasing their visibility.
  • Reprint: MDPI Books provides the opportunity to republish successful Special Issues in book format, both online and in print.

Further information on MDPI's Special Issue policies can be found here.

Published Papers (1 paper)

Order results
Result details
Show export options expand_more Show export options expand_less
Select all
Export citation of selected articles as:

Research

28 pages, 1664 KB  
Article
Failing to Use the Balance Sheet to Manage Cycle Shocks: Evidence from Nigeria
by Akolisa Ufodike
J. Risk Financial Manag. 2026, 19(4), 298; https://doi.org/10.3390/jrfm19040298 - 20 Apr 2026
Viewed by 593
Abstract
Nigeria entered the 2020 COVID-19-related oil price downturn without the fiscal buffers that numerous resource-rich economies had built over time. Despite heavy dependence on petroleum revenues, the country has made limited use of stabilization tools such as structured hedging programs, sovereign savings mechanisms, [...] Read more.
Nigeria entered the 2020 COVID-19-related oil price downturn without the fiscal buffers that numerous resource-rich economies had built over time. Despite heavy dependence on petroleum revenues, the country has made limited use of stabilization tools such as structured hedging programs, sovereign savings mechanisms, or strategic reserves, leaving public finances exposed to external shocks. Drawing on political choice theory and the resource governance literature, this study examines how institutional conditions shaped crisis management during the 2020 oil price collapse and the COVID-19 pandemic. The study combines qualitative institutional analysis with a stochastic counterfactual simulation. It compares Nigeria’s policy approach with those of oil-producing countries including Mexico, Saudi Arabia, the United Arab Emirates, Angola, and Ghana, using data from the IMF, World Bank, Afreximbank, and peer-reviewed sources. The counterfactual simulation is calibrated to Nigeria’s 2019 federal budget oil benchmark of US $60 per barrel, with the IMF’s 2019 petroleum price assumption used as a robustness check. The model treats hedging as a form of partial fiscal insurance rather than full stabilization. Results suggest that hedging sufficient to offset 10%, 20%, and 30% of the shock would have improved 2020 GDP decline from −1.80% to approximately −1.62%, −1.44%, and −1.26%, respectively. The analysis identifies institutional gaps in Nigeria’s use of hedging, sovereign savings, and reserve infrastructure. The counterfactual results indicate that even modest oil hedging could have meaningfully softened the 2020 downturn, with the 20% scenario reducing GDP contraction by an estimated 0.36 percentage points. These findings suggest that governance constraints contributed materially to fiscal vulnerability. The study proposes a four-pillar framework centered on risk hedging, revenue savings, strategic investment, and institutional reform to strengthen fiscal stability and resilience to external shocks. Full article
(This article belongs to the Special Issue Commodity Price Risk and Corporate Valuation)
►▼ Show Figures

Graphical abstract

Show export options expand_more Show export options expand_less
Select all
Export citation of selected articles as:
 
Displaying articles 1-1
Back to TopTop