An Empirical Research : Impact of the Changes of Oil Prices over Stock Market Prices

Authors

  • Dr. Manjari Sharma  Department of Business & Accountancy, Lincoln University College, Malaysia
  • Dr. Sharad Gupta  Department of Business & Accountancy, Lincoln University College, Malaysia
  • Dr. Ahmed H. Al-Shibami  Department of Business & Accountancy, Lincoln University College, Malaysia

Keywords:

Stock Market prices, changes of Oil Prices

Abstract

The stock market volatility is a well-known phenomenon. These volatility and fluctuations are empirical proven but which macroeconomic factor affect stock prices in what proportion and with what frequency is not well known phenomenon. Although, there are many macroeconomic factors that affect the stock market, however, we considered only one macroeconomic factor for the purpose of this research paper; that is, oil prices and its impact on the stock market prices. Therefore, the aim of this research paper is to investigate the empirical relationship between oil prices shocks and stock market. An empirical approach has been utilized to accomplish this research paper. The findings of this research paper concludes that stock market and oil prices are related but under what circumstances how it will react is uncertain. JEL: E44, E03

References

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International Journal of Scientific Research in Science and Technology

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Published

2016-04-30

Issue

Volume 2, Issue 2, March-April-2016

Section

Research Articles

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This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

[1]
Dr. Manjari Sharma, Dr. Sharad Gupta, Dr. Ahmed H. Al-Shibami "An Empirical Research : Impact of the Changes of Oil Prices over Stock Market Prices" International Journal of Scientific Research in Science and Technology(IJSRST), Online ISSN : 2395-602X, Print ISSN : 2395-6011,Volume 2, Issue 2, pp.174-180, March-April-2016.