Stock Markets and Energy Prices

Abul, Basher Syed

doi:10.1016/b978-0-12-409548-9.09060-6

Cited by 2 publications

(2 citation statements)

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“…A general increase in oil prices tends to favor the country's stock markets more than oil importing countries. The drop in global oil prices and changing investor behaviors towards stocks will inevitably have widespread effects on the economy and, in particular, on investment itself [53].…”

Section: Literature Reviewmentioning

confidence: 99%

On the Linkage between the Energy Market and Stock Returns: Evidence from Romania

2019

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his paper aims to establish whether the Romanian energy market has an influence on the good running of the associated capital market. In order to achieve this objective, we approached a series of econometric techniques that allowed us to study the cointegration between variables, the presence of short-term or long-term causality relationships, and the application of impulse-response functions to analyze how the BET index responds to the shocks applied. The empirical findings from the Johansen cointegration test, ARDL model, and VAR/VECM models confirmed both the presence of a long-term and short-term relationship between the energy market and capital market. From all energy market indicators, only hard coal presented a causal relationship with the BET index. We also noticed a unidirectional relationship from the WTI crude oil to the Romanian capital market. Our findings should be of interest to researchers, regulators, and market participants.

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Section: Literature Reviewmentioning

confidence: 99%

On the Linkage between the Energy Market and Stock Returns: Evidence from Romania

2019

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“…Figura 1.1.: Evolución del precio del petróleo [121] Por tanto, la evolución del consumo de energía (figura 1.2) unido a las políticas medioambientales, han tenido un impacto directo en la industria como gran consumidora de energía que ha provocado grandes modificaciones en sus instalaciones para adaptarlas a estas nuevas restricciones y la fuerte competencia de un mundo cada vez más global ha motivado una preocupación por la eficiencia [14,58,93].…”

Section: Antecedentes Históricos De Contornounclassified

Acoplamiento de rigidez variable para la mejora de la inmunidad eléctrica de plantas industriales con generación distribuida = Adaptative rigid system to improvement of electrical inmunity of industrial plants with distributed generation

Lorenzo¹

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Stock Markets and Energy Prices

Cited by 2 publications

References 50 publications

On the Linkage between the Energy Market and Stock Returns: Evidence from Romania

On the Linkage between the Energy Market and Stock Returns: Evidence from Romania

Acoplamiento de rigidez variable para la mejora de la inmunidad eléctrica de plantas industriales con generación distribuida = Adaptative rigid system to improvement of electrical inmunity of industrial plants with distributed generation

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