Analysing the Effect of Oil Price Shocks on Asset Prices: Evidence from UK Firms

Volume: 7 Number: 4 December 1, 2017
  • Fatema Alaali
International Journal of Economics and Financial Issues Cover
International Journal of Economics and Financial Issues
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Analysing the Effect of Oil Price Shocks on Asset Prices: Evidence from UK Firms

Abstract

This study examines the responses of some of the UK transportation, travel and leisure, and oil and gas firms to oil price changes. Fama-French-Carhart's (1997) four-factor asset pricing model is augmented with the oil price risk factor to study the association of oil and stock prices of 25 firms over the period from January 1998 to December 2012. The extent of the exposure of UK firms to oil price changes is heterogeneous, asymmetric and differs according to the economic situation. These results should be of interest to financial analysts, corporate executives, regulators and policy makers.

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Primary Language

English

Subjects

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Journal Section

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Authors

Fatema Alaali This is me

Publication Date

December 1, 2017

Submission Date

December 1, 2017

Acceptance Date

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Published in Issue

Year 2017 Volume: 7 Number: 4

IZ

https://izlik.org/JA52WU93BC

Cite

RIS / Bibtex
APA
Alaali, F. (2017). Analysing the Effect of Oil Price Shocks on Asset Prices: Evidence from UK Firms. International Journal of Economics and Financial Issues, 7(4), 418-432. https://izlik.org/JA52WU93BC
AMA
1.Alaali F. Analysing the Effect of Oil Price Shocks on Asset Prices: Evidence from UK Firms. IJEFI. 2017;7(4):418-432. https://izlik.org/JA52WU93BC
Chicago
Alaali, Fatema. 2017. “Analysing the Effect of Oil Price Shocks on Asset Prices: Evidence from UK Firms”. International Journal of Economics and Financial Issues 7 (4): 418-32. https://izlik.org/JA52WU93BC.
EndNote
Alaali F (December 1, 2017) Analysing the Effect of Oil Price Shocks on Asset Prices: Evidence from UK Firms. International Journal of Economics and Financial Issues 7 4 418–432.
IEEE
[1]F. Alaali, “Analysing the Effect of Oil Price Shocks on Asset Prices: Evidence from UK Firms”, IJEFI, vol. 7, no. 4, pp. 418–432, Dec. 2017, [Online]. Available: https://izlik.org/JA52WU93BC
ISNAD
Alaali, Fatema. “Analysing the Effect of Oil Price Shocks on Asset Prices: Evidence from UK Firms”. International Journal of Economics and Financial Issues 7/4 (December 1, 2017): 418-432. https://izlik.org/JA52WU93BC.
JAMA
1.Alaali F. Analysing the Effect of Oil Price Shocks on Asset Prices: Evidence from UK Firms. IJEFI. 2017;7:418–432.
MLA
Alaali, Fatema. “Analysing the Effect of Oil Price Shocks on Asset Prices: Evidence from UK Firms”. International Journal of Economics and Financial Issues, vol. 7, no. 4, Dec. 2017, pp. 418-32, https://izlik.org/JA52WU93BC.
Vancouver
1.Fatema Alaali. Analysing the Effect of Oil Price Shocks on Asset Prices: Evidence from UK Firms. IJEFI [Internet]. 2017 Dec. 1;7(4):418-32. Available from: https://izlik.org/JA52WU93BC