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.
Original language | English |
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Pages (from-to) | 1428-1433 |
Number of pages | 6 |
Journal | Economics Bulletin |
Volume | 32 |
Issue number | 2 |
Publication status | Published - 2012 |
Externally published | Yes |