Relationships between oil price shocks and stock market: An empirical analysis from China

Causality in distribution between European stock markets and commodity prices: using independence test based on the empirical copula

“…The majority of these studies examine the AsianPacific region [Cong et al 2008;Narayan, Narayan 2010;Nguyen, Bhatti 2012;Broadstock, Cao, Zhang 2012;Zhu, Li, Li 2014]. Several researchers investigate the relationship between oil prices and stock returns of the GCC (Gulf Cooperation Council) countries [Mohanty et al, 2011;Hammoudeh, Choi 2006;Arouri, Lahiani, Nguyen 2011;Arouri, Rault 2012].…”

“…Existing studies present different results; some find that there is no significant effect of oil price shocks on stock prices [Cong et al 2008;Hammoudeh, Choi 2006;Mohanty, Nandha, Bota 2010;Maghyereh 2004;Sari, Soytas 2006], others find a significant positive impact of oil prices on stock prices [Narayan, Narayan 2010;Nguyen, Bhatti 2012;Broadstock, Cao, Zhang 2012;Mohanty et al 2011], while still others find a significant negative effect [Aloui, Jammazi 2009;Park, Ratti 2008;Cifarelli, Paladino 2010]. Hence, the evidence from the existing literature on the significance and sign of the impact of oil price changes on stock prices is still inconclusive.…”

Is There an Optimal Strategic Oil Reserve for Each Country? A Study Based on the Game Theory

“…This paper attempts to give some theoretical support in this regard. In the future, we will try to employ empirical data to study the optimal strategic oil reserve for specific countries considering the oil price shocks and economic development [13,14].…”

Does oil price uncertainty transmit to the Thai stock market?

“…Furthermore, the asymmetric effect of oil price shocks on real stock returns is found in the United States and Norway. Cong et al (2008) find that oil price shocks do not affect real stock returns of most Chinese stock market indexes, except for the indexes of manufacturing and oil companies.…”