Our research interprets patterns of economic, business and social life in a manner that fosters new theories and ideas; engages in empirical research grounded in current practices; and develops suggestions for public policy as well as for institutional and organizational innovations. The core purpose is to deepen understanding of how markets, business organizations and social institutions evolve over time.
Network and Games Conference
Queen’s University Belfast, in collaboration with Dibrugarh University, hosted an international conference 'Network and Games', from 27 – 29 April at Queen’s Management School, as the part of UK India Education and Research Initiative (UKIERI), jointly funded by the British Council and University Grants Commission.Read More
QUEEN’S RESEARCH SUGGESTS THE SICILIAN MAFIA AROSE TO POWER FROM LEMON SALES
Researchers from Queen’s, in collaboration with the University of Manchester and the University of Gothenburg, have uncovered new evidence to suggest that the Sicilian mafia arose to notoriety in response to the public demand for citrus fruits.Read more
Meet some of our researchers
Does the type of investor impact oil prices?
Introduction: Recent fluctuations in crude oil market prices have increased public attention on what is driving the market movements. Fearghal investigates if the type of investor trading in the market impacts such price changes. More specifically, Fearghal distinguishes between those firms who traditionally trade oil to hedge against their own future demand, and those speculative investors who take positions in the market only to profit from expected future price movements.
Crude oil price movements greatly impact airlines, utilities, homeowners, automobile firms, central banks, and even climate change advocates. As a result academics have proposed many models to predict the evolution its future price. The main models proposed are based on either observable macroeconomic indicators or unobservable statistical factors. Fearghal considers both types and utilises them in parallel with a CFTC Commitment of Traders report, to provide a proxy of speculative participation in oil markets.
Despite both types of models showing relatively similar performance in terms of predicting the evolution of oil prices, Fearghal finds that an increased presence of speculative investors leads to the link between the traditional macroeconomic indicators and oil prices breaking down. Fearghal has co-authored a research article on the topic with a collaborator from the University of Leeds. Their work was published in the Economics Letters journal.