Oil Prices and Stock Prices of Alternative Energy Companies: Time Varying Relationship with Recent Evidence
作者： Chiao-Ming Cheng , Wen-Cheng Hu , Alex YiHou Huang , Chih-Chun Chen
DOI:
关键词: Economics 、 Stock (geology) 、 Stock market 、 Financial economics 、 Middle East 、 Volatility spillover 、 Oil-storage trade 、 Stock market index 、 Alternative energy 、 Stock exchange
摘要: This paper examines the recent interactive relationships between crude oil prices and stock performances of alternative energy companies. The examination was conducted from 2001 to mid-2010, sample period is divided into three sub-periods according two Middle East wars. Different dynamics across these are significantly documented for first time. In years, have become responsible finding suggests that market investors sector only recently incorporated price shocks their trading decisions. volatility spillover effect index has also been established in years. latest evidence on interaction markets shown time literature should be well used by participants.
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