BibTex RIS Kaynak Göster

Coal Sector Returns and Oil Prices: Developed and Emerging Countries

Yıl 2015, Cilt: 5 Sayı: 2, 515 - 524, 01.06.2015

Öz

This paper examines the effect of oil price on coal sector stock returns. A multifactor market model is used to estimate the expected excess returns to the coal sector. A 1% increase in oil price return has a statistically significant positive impact on coal sector returns of between 0.06% and 0.20%. A 1% increase in coal price raises the return of coal sector returns by between 0.22% and 0.30%. Increased volatility in oil price return significantly reduces coal sector return. Participants in energy markets may perceive oil price as being determined globally and as providing information on demand for energy overall. Understanding the variables that affect the behaviour of the stock prices in the coal is of importance to market participants and policy makers, and is helpful in developing efficient hedging policies to deal with changes in energy prices

Yıl 2015, Cilt: 5 Sayı: 2, 515 - 524, 01.06.2015

Öz

Toplam 0 adet kaynakça vardır.

Ayrıntılar

Diğer ID JA93AG28GT
Bölüm Araştırma Makalesi
Yazarlar

Mohammad Z. Hasan Bu kişi benim

Ronald A. Ratti Bu kişi benim

Yayımlanma Tarihi 1 Haziran 2015
Yayımlandığı Sayı Yıl 2015 Cilt: 5 Sayı: 2

Kaynak Göster

APA Hasan, M. Z., & Ratti, R. A. (2015). Coal Sector Returns and Oil Prices: Developed and Emerging Countries. International Journal of Energy Economics and Policy, 5(2), 515-524.
AMA Hasan MZ, Ratti RA. Coal Sector Returns and Oil Prices: Developed and Emerging Countries. IJEEP. Haziran 2015;5(2):515-524.
Chicago Hasan, Mohammad Z., ve Ronald A. Ratti. “Coal Sector Returns and Oil Prices: Developed and Emerging Countries”. International Journal of Energy Economics and Policy 5, sy. 2 (Haziran 2015): 515-24.
EndNote Hasan MZ, Ratti RA (01 Haziran 2015) Coal Sector Returns and Oil Prices: Developed and Emerging Countries. International Journal of Energy Economics and Policy 5 2 515–524.
IEEE M. Z. Hasan ve R. A. Ratti, “Coal Sector Returns and Oil Prices: Developed and Emerging Countries”, IJEEP, c. 5, sy. 2, ss. 515–524, 2015.
ISNAD Hasan, Mohammad Z. - Ratti, Ronald A. “Coal Sector Returns and Oil Prices: Developed and Emerging Countries”. International Journal of Energy Economics and Policy 5/2 (Haziran 2015), 515-524.
JAMA Hasan MZ, Ratti RA. Coal Sector Returns and Oil Prices: Developed and Emerging Countries. IJEEP. 2015;5:515–524.
MLA Hasan, Mohammad Z. ve Ronald A. Ratti. “Coal Sector Returns and Oil Prices: Developed and Emerging Countries”. International Journal of Energy Economics and Policy, c. 5, sy. 2, 2015, ss. 515-24.
Vancouver Hasan MZ, Ratti RA. Coal Sector Returns and Oil Prices: Developed and Emerging Countries. IJEEP. 2015;5(2):515-24.