There are large literatures about the role of three dummy variables in explaining economic activity: Republican elections, oil shocks, and Romer dates, which mark monetary tightening. Many have argued that one or more of the three is not a cause of recessions. This paper parallels those literatures in examining equity returns and the three dummies. Given that equity returns vary with the busine...

This paper discusses the model construction and the association between the Singapore’s and the Hong Kong’s stock markets. Simultaneously, this paper uses the high and the low oil price periods’ volatility as a threshold for the Singapore’s and the Hong Kong’s stock market returns. The study data period is from January, 2000 to September, 2004 and June, 2005 to October, 2008. This paper also ut...

This research aims to analyze the effect of exchange rates, interest oil prices, coal debt-to-equity ratio, return on asset, and firm size dependent variable stock returns in energy sector companies listed Indonesia Stock Exchange 2017 2021. The analysis technique this study was carried out using a panel data regression test with Eviews10 program. results indicate that variables price, have no ...

This paper examines the quantile dependence between energy commodities (oil, coal, and natural gas) real housing returns of nine US census divisions for period 1991–2019. In contrast to literature on association oil markets, we contribute by studying effect additional market returns. We use a cross-quantilogram regression approach find regional variation in impact The within same region varies ...

Crude oil exerts a strong influence on national economy. Changes of international crude oil price have an important effect on Chinese economy because of China’s high dependence on the import of the crude oil. Thus, Chinese stock market can be shocked by the fluctuation of oil price. Reversely, changes in crude oil imports of China have some effect on demands and price of the crude oil. This art...