Oil Prices and Firm Returns in an Emerging Market

This study examines the oil price effect on Turkish stock market as an emerging country on firm level data. After controlling short term interest rate, nominal exchange rate and crude oil price, we find that firms behave differently to a change in oil prices. The findings include these: i) variation...

Full description

Bibliographic Details
Main Authors: Esin Cakan, Sercan Demiralay, Veysel Ulusoy
Format: Article
Language:English
Published: Pompea College of Business 2021-05-01
Series:American Business Review
Subjects:
Online Access:https://digitalcommons.newhaven.edu/cgi/viewcontent.cgi?article=1330&context=americanbusinessreview