Journal of
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Archive » January 2025 » Commodity risk and firms’ performance

Commodity risk and firms’ performance

Lorenzo Faccincani, Alex Sclip, Gianni Zorzi
January 2025 - n. 1
Keywords: Rischio commodity, mark-up, equilibrio reddituale
Jel codes: E31, E32, G32

Through an analysis of the fluctuations in oil and gas prices in recent years as well as the evolution of some significant balance sheet indices referring to 16,989 Small and Medium Enterprises in the Triveneto in the period 2014-2023, the article critically examines the relationships between commodity risk and the non-financial firms' income equilibrium. Also due to the geopolitical tensions at an international level and the delays in the energy transition towards renewable sources, the opportunity is highlighted for firms, in the future, to adopt in the management of commodity risk a holistic approach that simultaneously takes into account the set of other risks incurred, primarily that of interest rates, and considers the concrete possibilities of acting on the mark-up lever to pass on the increases to customers as well as possibly resorting to suitable hedging solutions.

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