کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
993844 936055 2008 10 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Relationships between oil price shocks and stock market: An empirical analysis from China
موضوعات مرتبط
مهندسی و علوم پایه مهندسی انرژی مهندسی انرژی و فناوری های برق
پیش نمایش صفحه اول مقاله
Relationships between oil price shocks and stock market: An empirical analysis from China
چکیده انگلیسی

This paper investigates the interactive relationships between oil price shocks and Chinese stock market using multivariate vector auto-regression. Oil price shocks do not show statistically significant impact on the real stock returns of most Chinese stock market indices, except for manufacturing index and some oil companies. Some “important” oil price shocks depress oil company stock prices. Increase in oil volatility may increase the speculations in mining index and petrochemicals index, which raise their stock returns. Both the world oil price shocks and China oil price shocks can explain much more than interest rates for manufacturing index.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Energy Policy - Volume 36, Issue 9, September 2008, Pages 3544–3553
نویسندگان
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