能源金融研究回顾与前沿方向探索  

Literature review and frontier direction exploration of energy finance

作　　者：龚旭 姬强 林伯强 GONG Xu;JI Qiang;LIN Boqiang(School of Management,China Institute for Studies in Energy Policy,Xiamen University,Xiamen 361005,China;Tan Kah Kee Innovation Laboratory,Xiamen University,Xiamen 361102,China;Institutes of Science and Development,Chinese Academy of Sciences,Beijing 100190,China)

机构地区：[1]厦门大学管理学院中国能源政策研究院,厦门361005 [2]厦门大学嘉庚创新实验室,厦门361102 [3]中国科学院科技战略咨询研究院,北京100190

出　　处：《系统工程理论与实践》2021年第12期3349-3365,共17页Systems Engineering-Theory & Practice

基　　金：国家自然科学基金(72071166,71701176,72022020);中央高校基本科研业务费专项资金(2072019029)。

摘　　要：随着能源商品金融化的不断加深,能源金融成为一个新兴的前沿领域,开始受到国内外学者的广泛关注.本文首次较全面地梳理了能源金融理论的发展脉络,从能源价格驱动因素、能源市场建模与预测、能源资产定价与套期保值、能源-商品-金融市场相关性、能源行业投融资以及能源公司金融六个方面描述了能源金融的研究进展,凝练出各方向的研究热点.进一步,本文提出了大数据能源金融、人工智能+能源金融以及能源金融与能源安全三个前沿研究方向.通过本文的梳理,对当前的能源金融理论与实证研究进行了系统的阐述,能够为推动能源金融理论的发展提供借鉴和指导意义.With the deepening of energy commodity financialization,energy finance has become a new frontier field,which has been widely concerned by scholars in the worldwide.This paper first reviews the development of energy finance theory comprehensively,and describes the research progress of energy finance from six aspects:Driving factors of energy price,energy market modeling and forecasting,energy asset pricing and hedging,energy-commodity-financial market correlation,energy industry investment and financing,and energy corporate finance.Furthermore,this paper proposes three frontier research directions:Big data energy finance,artificial intelligence+energy finance,and energy finance and energy security.Through the combing of this paper,the current energy finance theory and empirical research are systematically elaborated,which can provide reference and guidance for promoting the development of energy finance theory.

关 键 词：能源金融 资产定价 能源-商品-金融市场相关性 能源行业投融资 能源公司金融 

分 类 号：F830[经济管理—金融学]