The purpose of this paper is to contribute to the literature on stock markets and energy prices by studying the impact of oil price changes on a large set of emerging stock market returns. The approach taken in this paper uses an international multi-factor model that allows for both unconditio...
A more pervasive stock market response is observed when the price of oil displays a positive trend. We also study the influence of oil shocks on the stock returns of specific Australian industries. As expected, the energy and material sectors exhibit a positive response to oil disturbances, ...
Specifically, the stock market responds positively in Japan while negatively in Malaysia; the signal in Singapore and South Korea is unclear. We find that the stock market inefficiency, among others, appeared to have slowed the responses of the stock market to aggregate shocks such as oil price ...
The impact of oil price shocks on the u.s. stock market ∗ THE Impact,OF Oil,P Shocks,... 被引量: 1065发表: 2009年 THE IMPACT OF OIL PRICE SHOCKS ON THE U.S. STOCK MARKET It is shown that the reaction of U.S. real stock returns to an oil price shock differs greatly ...
DUBAI, May 29 (Xinhua) -- Entering the last trading week of May which witnessed major declines, stock market indexes in Gulf Arab countries bounced back on Tuesday as the sharp oil price drop was briefly halted. "Sell in May and go away" was the slogan of investors at stock exchanges fr...
(denoting year:quarter) when prices strayed from the levels implied by market fundamentals. We identify nine price regimes that are associated with the Organization of the Petroleum Exporting Countries gaining control over the marginal supply of crude oil, US energy legislation, a precautionary demand...
Their study does not necessarily prove that the price of oil has a very limited impact onstock marketprices; it does suggest, however, thatanalystscannot really predict the way stocks react tochanging oil prices.1 Key Takeaways It is a commonly held belief that high oil prices directly and ...
Oil price risk and the Australian stock market The primary aim of this paper is to investigate the sensitivity of Australian industry equity returns to an oil price factor over the period 1983–1996. Th... FTJ Brailsford - 《Journal of Energy Finance & Development》 被引量: 403发表: 1999年...