文章基本信息

标题：Impact of Oil Prices on Stock Market Performance: Evidence from Top Oil Importing Countries
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作者：Muhammad Ali ; Khalid M. Iraqi ; Abdul Waheed Khan 等
期刊名称：Journal of Finance & Economics Research
印刷版ISSN：2415-2463
电子版ISSN：2415-2455
出版年度：2019
卷号：4
期号：2
页码：1-14
DOI：10.20547/jfer1904201
出版社：Geist Science
摘要：This study aims to analyze the impact of oil price on stock market performance in top oil importing countries. We used balanced panel data over a sample period of 1995 to 2017 with annual frequency. The sample data was gathered from World Development Indicator (WDI), Global Financial Indicator (GFDI) and West Texas Intermediate (WTI). The sample data were analyzed using regression test under the assumptions of Hausman test. Findings obtained from the fixed effect model suggest that oil price has a negative and insignificant impact on stock market. Similarly, the exchange rate also showed negative and insignificant impact while inflation showed negative but significant impact on stock market. Moreover, GDP showed a positive and significant influence on stock market. Overall, this study recommends that the policy makers should anticipate the changes in oil prices in order to improve the health of stock market.
关键词：Oil price; stock market; exchange rate; economic growth; inflation; oil importing countries.