Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
The Effects Of Oil Prices On The Rates Of Return On Stocks In The Petroleum Chemical And Utility Industries
Download The Effects Of Oil Prices On The Rates Of Return On Stocks In The Petroleum Chemical And Utility Industries full books in PDF, epub, and Kindle. Read online The Effects Of Oil Prices On The Rates Of Return On Stocks In The Petroleum Chemical And Utility Industries ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis The Effects of Oil Prices on the Rates of Return on Stocks in the Petroleum, Chemical and Utility Industries by : Riad Mohammed Dahel
Download or read book The Effects of Oil Prices on the Rates of Return on Stocks in the Petroleum, Chemical and Utility Industries written by Riad Mohammed Dahel and published by . This book was released on 1985 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. Senate. Select Committee on Small Business. Subcommittee on Government Regulation Publisher : ISBN 13 : Total Pages :452 pages Book Rating :4.:/5 (319 download)
Book Synopsis Oil Profits and Their Effect on Small Business and Capital Investment Needs of the Energy Industries by : United States. Congress. Senate. Select Committee on Small Business. Subcommittee on Government Regulation
Download or read book Oil Profits and Their Effect on Small Business and Capital Investment Needs of the Energy Industries written by United States. Congress. Senate. Select Committee on Small Business. Subcommittee on Government Regulation and published by . This book was released on 1974 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Oil Price Shocks and the Equity Market by : Hamid Sakaki
Download or read book Oil Price Shocks and the Equity Market written by Hamid Sakaki and published by . This book was released on 2019 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using monthly returns of ten S&P 500 sectoral indices from January 1990 to January 2015, we examine the impact of demand and supply shocks of oil on the stock market. We confirm that positive shocks to U.S. production of oil and economic activity have a significant and positive influence on stock returns. Moreover, the negative and persistent effect of real oil price shocks on all sectoral indices except energy and utility found by this study. We also examine the impact of oil price volatility on stock returns. Oil price volatility has a negative and significant effect on all industries, even oil-related and oil substitutes. In addition, we get the VAR estimations for the crisis period and find that there is a substantial increase in the role of oil price shocks in the decomposition of stock returns of all sectors. Furthermore, stock returns are better explained by U.S. oil production shocks than other shocks in most sectors over the financial crisis time period. In addition, we find the asymmetric effects of oil shocks are applicable to only two out of ten sectors, implying the effect of oil price return on equity returns only in the energy and utility sectors are not asymmetric.
Book Synopsis An Analysis of the Results of Federal Incentives Used to Stimulate Energy Production by : Pacific Northwest Laboratory
Download or read book An Analysis of the Results of Federal Incentives Used to Stimulate Energy Production written by Pacific Northwest Laboratory and published by . This book was released on 1980 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Relationship Between Oil Prices and Stock/bond Market by : Juan Huang
Download or read book The Relationship Between Oil Prices and Stock/bond Market written by Juan Huang and published by . This book was released on 2016 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: While numerous studies have investigated the impact of oil prices on the stock market, Chapter 2 is the first to examine the association between corporate bond yields and oil returns. We examine the association between oil-returns and corporate bond yields of four major U.S. industrial and financial sectors (including thirteen sub-sectors). Chapter 3 examines the reaction of stock markets in the U.K. and the Netherlands to a major composite event in the oil industry - the merger of the Royal Dutch Shell (RDSA) and the BG Group (BRGYY) on April 8, 2015, and the subsequent discovery of oil in southern England on April 9. We employ an exponential autoregressive conditionally heteroskedastic (EGARCH (1, 1)) framework in both Chapters, which allows for asymmetry of the effects between positive and negative external shocks including oil return shocks, shows the effects on both the yields/stock returns and their volatilities, and permits the persistence of the shocks to be measured. Three main results are obtained in Chapter 2. First, oil returns are significantly associated with the yield levels of corporate bonds issued in ten out of the thirteen sub-sectors considered within the oil-substitute, oil-related, oil-user, and financial services sectors. The three exceptions are the Petroleum Refinery, Building, and Chemical sub-sectors. Second, the return volatilities of corporate bonds issued in the Plastic & Rubber sub-sector demonstrate asymmetric responses to positive and negative shocks. To elaborate, negative shocks lead to lower volatility in the Plastic & Rubber sub-sector than positive shocks of the same magnitude. Third, the half-life, or the time it takes for the volatility of the portfolio of bonds in the Industrial Machinery sub-sector to move halfway back to its conditional mean after a shock is introduced, is 8.6 months. For bonds in all other sub-sectors, the half-life is less than 2.5 months. We obtain several results in Chapter 3. First, the composite event of merger and oil discovery generated significant abnormal returns in six out of the thirteen sub-sectors considered in the U.K. and three out of ten sub-sectors in the Netherlands. The remaining seven sub-sectors in the U.K. and the other seven sub-sectors in the Netherlands show no sensitivity in returns to the shock. Second, there is evidence of some information leakage about the composite event as demonstrated in the significant abnormal returns for Coal, Oil & Gas Extraction, Depository Institute, Chemical and Plastic & Rubber sub-sectors in U.K. and Coal, Depository Institute and Air Transportation sub-sectors in the Netherlands up to three days before the announcement of the composite event. Third, the behavioral patterns of four of the thirteen sub-sectors considered in the U.K. and four of the ten sub-sectors considered in the Netherlands demonstrate asymmetry in response to external shocks to their respective returns. These results have three main implications. First, investors holding bonds issued by the two sub-sectors with asymmetric oil shock effects need to add bonds from oil-related and oil-substitute sectors to lower the volatility of their bond portfolio because the latter do not exhibit asymmetry. Second, considering the overall finding of sensitivity to oil price changes, institutional investors need to examine the sensitivity of their bond portfolios to oil return changes and to guard against excessive risk. Similarly, corporations should monitor oil price variations and hedge the volatility risk accordingly. Finally, stock investors in the U.K. and the Netherlands might benefit from monitoring the key events that may affect the oil supply and oil prices, and acting accordingly.
Book Synopsis Proceedings of the 2nd Advances in Business Research International Conference by : Fauziah Noordin
Download or read book Proceedings of the 2nd Advances in Business Research International Conference written by Fauziah Noordin and published by Springer. This book was released on 2017-10-17 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains the refereed proceedings of the 2nd Advances in Business Research International Conference (ABRIC2016). Chapters in the book address the theme of Advancing Knowledge, Connecting the World, reflecting on the emerging issues in various business management fields and the interconnections of multiple disciplines for creating knowledge advancement. Papers were carefully reviewed and selected and grouped into four main themes: economic and finance, marketing and communications, management, and information technology in business. The book serves as a helpful resource for students and researchers of business management, especially in understanding issues and cases of business in emerging economies and markets.
Author :United States. Congress. Joint Economic Committee. Subcommittee on Trade, Productivity, and Economic Growth Publisher : ISBN 13 : Total Pages :112 pages Book Rating :4.:/5 (319 download)
Book Synopsis The Economic Impact of the Oil Price Collapse by : United States. Congress. Joint Economic Committee. Subcommittee on Trade, Productivity, and Economic Growth
Download or read book The Economic Impact of the Oil Price Collapse written by United States. Congress. Joint Economic Committee. Subcommittee on Trade, Productivity, and Economic Growth and published by . This book was released on 1986 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Energy Shocks and Financial Markets by : Roger D. Huang
Download or read book Energy Shocks and Financial Markets written by Roger D. Huang and published by . This book was released on 2014 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study analyzes the information transmission mechanism linking oil futures with stock prices, where we examine the lead and lag cross-correlations of returns in one market with the others. We investigate the dynamic interactions between oil futures prices traded on the New York Mercantile Exchange (NYMEX) and U.S. stock prices, which allows us to examine the effects of energy shocks on financial markets. In particular, we examine the extent to which these markets are contemporaneously correlated, with particular attention paid to the association of oil price indexes with the Samp;P 500 index; 12 major industry stock price indices and 3 individual oil company stock price series. We also examine the extent to which price changes or returns in one market dynamically lead returns in the others and whether volatility spillover effects exist across these markets. Using VAR model estimates for various time series of returns we find that petroleum industry stock index and our three oil company stocks are the only series where we can reject the null hypothesis that oil futures do not lead Treasury Bill rates and stock returns, while we can reject the hypothesis that oil futures lag these other two series. Finally, the return volatility evidence for oil futures leading individual oil company stocks is much weaker than is the evidence for returns themselves.
Book Synopsis Oil Industry Profits by : Shyam Sunder
Download or read book Oil Industry Profits written by Shyam Sunder and published by . This book was released on 1977 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Impact Of Oil Import Price Shocks On Domestic Prices by : Robert A. Feldman
Download or read book The Impact Of Oil Import Price Shocks On Domestic Prices written by Robert A. Feldman and published by Routledge. This book was released on 2019-09-06 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1982. The sharp increase in the price of imported oil in the early 1970s generated much interest in the economic impact of large oil price hikes and related energy price increases. The main focus is on oil, and Dr. Feldman’s monograph is a needed contribution, revealing the quantitative price impacts of recent oil price shocks in great detail.
Book Synopsis Oil Price Shocks and Stock Market Behavior by : Jung Wook Park
Download or read book Oil Price Shocks and Stock Market Behavior written by Jung Wook Park and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation analyze the relationship between oil price shocks and stock market for the US and 13 European countries with monthly data from 1986.1-2005.12. Three countries (Denmark, Norway and the UK) among 13 European countries are oil exporting countries. Unrestricted multivariate Vector Autoregression (VAR) with 4 variables (interest rates, real oil price changes, industrial production and real stock returns) is estimated as well as impulse response function and variance decomposition. With regard to impact of oil price shocks on the stock market, in most oil importing countries oil price shocks have significantly negative effect on the stock market in the same month or in one month, while among oil exporting countries only Norway shows a significantly positive response of real stock returns to oil price shocks. Comparing the impacts of oil price shocks and interest rate (monetary) shocks on the stock market, in most oil importing countries oil price shocks have a greater impact than interest rate shocks, except for a few countries where monetary policy responds systemically to oil price shocks by raising interest rates, which leads to a decline in real stock returns. Therefore, taking into account the response of monetary policy to oil price shocks, oil prices play a crucial role in the stock market of oil importing countries. On the contrary, in oil exporting countries oil price shocks have a smaller impact on the stock market than interest rate shocks, and monetary policy does not respond to the oil price shocks. According to the literature, oil price shocks have an asymmetric effect on economic activity and the stock market in that oil price increases have a greater impact than oil price decreases. However, in this dissertation, the asymmetric pattern is a little different. In the sub-sample period (1996.5-2005.12) when oil price increases more frequently than oil price decreases and the average magnitude of oil price increases is smaller than that of oil price decreases, stock markets in most countries are more influenced by oil price decreases than oil price increases in the variance decomposition analysis. In particular, statistically significant evidence at the 5% level is found that oil price decreases have a greater impact on real stock returns than oil price increases after the mid 1990's in the US.
Book Synopsis Oil, the Economy, and the Stock Market by : Joseph H. Davis
Download or read book Oil, the Economy, and the Stock Market written by Joseph H. Davis and published by . This book was released on 2008 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: We quantify the time-varying effects of oil-price shocks on the U.S. economy, Federal Reserve policy, and global equity markets. While the first-round impact of oil-price shocks on U.S. economic growth has not changed materially over time, their formerly-negative second-round effects are notably absent over the past 25 years given oil's near-zero impact on long-term inflation expectations. Since oil-price shocks now represent a less-stagflationary policy tradeoff, we show why the Federal Reserve should lower short-term interest rates in response to an oil-price shock under certain (but not all) macro scenarios. For domestic and international stocks, simple regressions reveal the anticipated inverse relationship, with a 10% increase in oil prices associated with a statistically significant 1.5% lower total return. However, the stock market's reaction varies dramatically depending on the source of the oil-price shock, with global stocks - in particular the industrial and materials sectors - responding quite favorably to oil-price increases attributed to global-demand shocks. A key implication is that oil-price increases do not uniformly lead to lower stock returns. Interestingly, our oil-price decomposition suggests that oil's recent surge cannot be explained by supply disruptions, global demand fundamentals, or the depreciation of the U.S. dollar.
Book Synopsis Energy Abstracts for Policy Analysis by :
Download or read book Energy Abstracts for Policy Analysis written by and published by . This book was released on 1988 with total page 744 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Dynamic Linkages and Volatility Spillover by : Bhaskar Bagchi
Download or read book Dynamic Linkages and Volatility Spillover written by Bhaskar Bagchi and published by Emerald Group Publishing Limited. This book was released on 2016-11-01 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the dynamic relationship and volatility spillovers between crude oil prices, exchange rates and stock markets of emerging economies. Unfortunately very little research has been conducted to analyze the volatility spillovers and dynamic relationship between crude oil prices, exchange rates and stock markets of India.
Book Synopsis 1974 Profitability of Selected Major Oil Company Operations by : United States. Congress. Senate. Committee on Finance
Download or read book 1974 Profitability of Selected Major Oil Company Operations written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 1975 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Impact of Oil Price Changes on Stock Returns of UK Oil and Gas Companies by : Jingzhen Liu
Download or read book Impact of Oil Price Changes on Stock Returns of UK Oil and Gas Companies written by Jingzhen Liu and published by . This book was released on 2017 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: The relationship between oil and stock is important because oil is the key production input for most industries and stock market performance, to some extent, reflects the economic conditions. However, the relationship between oil price and stock prices of oil and gas industry companies is more complex because oil plays the roles as both costs and profits for this kind of company. Unlike previous research of the relationship between oil and oil and gas companies using randomly chosen data frequencies and only based on time domain, we examine the impact of oil price changes on stock returns of UK oil and gas companies through various time scales during the sample period from June 19, 1996 to December 30, 2016 by using both continuous wavelet transform and discrete wavelet transform. We found the following several important results: First, the dependence between oil and UK oil and gas companies' stocks is weak in the short term but higher in the medium-run and long-run. Second, the Granger causality running from oil to stock on daily basis is limited but the significant bidirectional Granger causality relations running between the oil price and oil and gas stock prices can be observed at scale 3, 4 and 5. Moreover, the oil price shocks at these scales have significant negative and positive effects on stock prices of UK oil and gas companies. Third, the short term oil price risk is weak, which means that short-term UK oil and gas industry investors can still diversify their portfolios' risk by adding oil, however, the long-term investors should be more concerned about oil price risk.
Book Synopsis The Role of Profits in the Petroleum Industry by : American Petroleum Institute. Committee on Public Affairs
Download or read book The Role of Profits in the Petroleum Industry written by American Petroleum Institute. Committee on Public Affairs and published by . This book was released on 1962 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:
