art%3A10.1007%2Fs00181-016-1176-3.pdf (1.09 MB)
The effect of oil price changes on the price of Russian and Chinese oil shares
journal contribution
posted on 2016-10-27, 11:00 authored by Stephen G. Hall, Amangeldi KenjegalievDo changes in oil prices have an effect on stocks of oil companies in emerging markets? Do the shares of oil companies in emerging markets react to the price news in a similar way as those of the Western companies? This paper aims to answer these questions utilizing event study techniques. As expected, the results of both parametric and nonparametric tests suggest that the fluctuations in oil prices have an effect on the stock prices. However, an interesting result is that the responses of stocks of Chinese and Russian oil companies are considerably different from the shares of their Western counterparts.
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Citation
Empirical Economics, 2016, in pressAuthor affiliation
/Organisation/COLLEGE OF SOCIAL SCIENCES, ARTS AND HUMANITIES/Department of EconomicsVersion
- VoR (Version of Record)
Published in
Empirical EconomicsPublisher
Springer Verlagissn
0377-7332eissn
1435-8921Acceptance date
2016-08-01Copyright date
2016Available date
2016-10-27Publisher DOI
Publisher version
http://link.springer.com/article/10.1007/s00181-016-1176-3Language
enAdministrator link
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