Download This PaperInvestment and Oil Price Volatility
12 Pages Posted: 16 Apr 2012
Date Written: 2011
Abstract
In this note, we consider the relationship between oil price volatility and firm returns for 560 firms listed on the New York Stock Exchange. Using daily time series data from 2000 to 2008, we find that oil price volatility increases firm returns for the majority of the firms in our sample.
Suggested Citation: Suggested Citation
Narayan, Paresh Kumar and Sharma, Susan, Investment and Oil Price Volatility (2011). Available at SSRN: https://ssrn.com/abstract=1107154 or http://dx.doi.org/10.2139/ssrn.1107154
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