Oil price uncertainty and stock price informativeness: Evidence from investment-price sensitivity in China

Zhu, Qi; Jin, Sisi; Huang, Yuxuan; Yan, Cheng; Chen, Chuanglian

doi:10.1016/j.irfa.2022.102377

Cited by 15 publications

(4 citation statements)

References 71 publications

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“…Our finding suggesting that uncertainty is negatively correlated with firm value is consistent with the results of multiple previous papers. The distinguishable point of our evidence is that we highlight the aspect of uncertainty in the banking system, while previous papers focus on other types of uncertainty, such as climate policy uncertainty (Azimli, 2023), global economic policy uncertainty (Borghesi & Chang, 2019), and oil price uncertainty (Bahmani-Oskooee & Saha, 2019; Zhu et al, 2022).…”

Section: 15mentioning

confidence: 99%

“…Shifting the focus to a distinct uncertainty type, Song and Yang (2022) unveil the negative impact of oil price uncertainty on the operating performance of Chinese firms, while Zhu et al. (2022) and Bahmani‐Oskooee and Saha (2019) substantiate a decline in stock prices among Chinese listed companies in response to oil price uncertainty. Interestingly, this trend persists for stock prices and firm valuation in reaction to uncertainty, albeit within different contexts where other researchers explore political uncertainty (Liu et al., 2017), climate policy uncertainty (Azimli, 2023), and global economic uncertainty (Borghesi & Chang, 2019).…”

Section: Literature Review and Hypotheses To Be Testedmentioning

confidence: 99%

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Does uncertainty in the banking sector slow down corporate performance?

Huynh

2023

J Corp Accounting Finance

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The paper explores the effects of banking uncertainty on corporate performance. Utilizing data from 2007 to 2022 in Vietnam and a comprehensive methodology to assess the performance of the sampled firms, our analysis reveals a detrimental impact of banking uncertainty on firm performance. Specifically, heightened uncertainty leads to diminished profitability ratios, reduced operational efficiency, constrained growth potential, and a decline in market valuation for firms. Our findings also indicate that firms may accumulate higher levels of liquidity in response to amplified uncertainty. Additionally, the subdued performance of firms attributable to banking uncertainty is more pronounced among those burdened with elevated bank debts. Interestingly, while the average impact of banking uncertainty on firm performance appears to be weak as a whole, this impact becomes notably magnified for firms maintaining greater credit relationships with banks. Our results are robust to different model specifications, variables, and subsamples. Overall, we provide evidence that banking uncertainty has important implications for corporate performance.

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Section: 15mentioning

confidence: 99%

Section: Literature Review and Hypotheses To Be Testedmentioning

confidence: 99%

Does uncertainty in the banking sector slow down corporate performance?

Huynh

2023

J Corp Accounting Finance

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“…They also note that the energy sector played an important role in improving the diversification of Qatar's economy and that its economy is resistant to adverse shocks associated with oil prices and oil and gas revenues. Zhu et al, (2022) used Chinese stocks from 2008 to 2021 and concluded that OPU and Tobin's q (standard price measures) can be used to predict investment opportunities). We found a negative relationship between strength.…”

Section: Carrilmentioning

confidence: 99%

Impact of Oil Factor on Investment: The Case of Azerbaijan

Humbatova

Huseyn

Hajiyev

2023

IJEEP

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This article investigates the long-term and short-term interactions between crude oil prices, crude oil exports, and domestic and foreign investment in Azerbaijan using annual data from 1999 to 2021. In this research, the ARDL model was used to assess co-integration and short-term relationships. In addition, this study used the FMOLS, DOLS, and CCR co-integration equations to explore long-term coefficients between variables. Granger causation tests were performed, Granger causation analysis was assessed using the Wald test (short-term or weak causation, long-term causation, and both short-term and long-term causation or strong causal relationship). The study proposed 9 hypotheses regarding the impact of oil prices and oil exports on domestic and foreign investment. Some of the hypotheses were generally, if not completely, justified. Based on the established models and tests carried out, there are co-integrating relationships between the variables. Model coefficients are selected according to their economic and statistical significance. It is necessary to increase competition for the market between foreign and domestic investments, not only through the exchange rate, but also through other economic instruments. The study revealed the importance of the exchange rate of the Manat.

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“…Citra merek menentukan strategi pemikiran konsumen, terhadap suatu merek yang memutuskan persepsi perasaan dan pikiran konsumen terhadap gambaran dari merek yang memengaruhi keputusan pembeliannya [11]. Citra merek yang ada pada produk Golden farm ini memiliki brand yang sangat dikenal oleh kalangan masyarakat.…”

Section: Pendahuluanunclassified

Pengaruh Kualitas Produk, Citra Merek dan Harga terhadap Keputusan Pembelian Produk Frozen Food Merek Golden Farm di Masyarakat Kota Bekasi

Khoiriyah,

Wicaksana

2023

INFEB

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This study aims to determine the effect of product quality, brand image, and price on purchasing decisions on Golden Farm brand frozen food products in the people of Bekasi City. This type of research uses quantitative methods with data collection methods using questionnaire data collection techniques, data analysis used in this study are validity and reliability tests, classical assumption tests, multiple regression analysis, partial tests, and R2 tests. The results of this study are product quality has a positive and significant influence on purchasing decisions, brand image has no influence on purchasing decisions, and price has an influence on purchasing decisions.

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Oil price uncertainty and stock price informativeness: Evidence from investment-price sensitivity in China

Cited by 15 publications

References 71 publications

Does uncertainty in the banking sector slow down corporate performance?

Does uncertainty in the banking sector slow down corporate performance?

Impact of Oil Factor on Investment: The Case of Azerbaijan

Pengaruh Kualitas Produk, Citra Merek dan Harga terhadap Keputusan Pembelian Produk Frozen Food Merek Golden Farm di Masyarakat Kota Bekasi

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