Investigation the Relationship Price of Oil with the Price Changes and the Oil Companies Stock Return (Petroleum Products, Chemicals, Rubber and Plastics) On the Tehran Stock Exchange
Journal Title: International Research Journal of Applied and Basic Sciences - Year 2015, Vol 9, Issue 4
Abstract
The country's capital market is influenced by internal and external factors. One of the most important external factors, the volatility of oil prices. Much research on the correlation between oil price changes has been made to the stock exchange. Most of this research has been done abroad that this dependence is observed in most of them. The main objective of this study was to "investigate the relationship between oil prices and changes in yields and stock prices of oil companies (petroleum, chemical, rubber and plastic) Tehran Stock Exchange during the period 2008 to 2013".In this study, the price and performance of firms as the dependent variable, changes in oil prices as the dependent variable of the regression models used to test hypotheses. The results showed that: 1- Between oil prices and oil industry stock price index is imperfect correlation and straightforward. 2- Between oil prices Chemical substances stock price index is imperfect correlation and straightforward. 3- Between oil prices Rubber and Plastics stock price index is imperfect correlation and straightforward. 4- Between oil prices and Petroleum products industry stock returns in the Tehran Stock Exchange is correlation imperfect and direct. 5- Between oil prices and oil industry stock returns in the Tehran Stock Exchange is correlation imperfect and direct. 6- Between oil prices and Rubber and Plastics industry stock returns in the Tehran Stock Exchange is correlation imperfect and direct.
Authors and Affiliations
Jamshid Shahnavazi| Department of Accounting, college of Human Science, zahedan Science and research branch, Islamic Azad University, Zahedan, Iran, Farahdokht Ebadi| Department of Accounting, college of Human Science, zahedan Science and research branch, Islamic Azad University, Zahedan, Iran
Keywords
Related Articles
- EP ID EP6965
- DOI -
- Views 318
- Downloads 16
Challenges Of Sustainable Rural Development From Perspective Of Villagers
In Iran 22.23 million people living in 65000 villages who directly or indirectly depend on agriculture to survive, while most of them are living under poverty line. Still Iranian rural economy is dominated by agricultura...
Phytochemical screening and antibacterial activity of leaf Extract of Ziziphus mauritiana Lam
Ziziphus mauritiana Lam. is an important medicinal plant belonging to the family Rhamnaceae. Preliminary phytochemical screening of the leaf extract of Ziziphus mauritiana revealed presence of different types of secondar...
The examination of the relationship between the book value and the enterprise value in financially stressed firms (with serious financial problems)
As a market, the stock exchange provides the required information to the buyers and the sellers of the securities. At any moment, the investors can change their money to the securities and vice versa. On the other hand,...
Examining the Capabilities of Using Information Technology System in Crisis Management (Case Study: West Azerbaijan Red Crescent Society)
The aim of the present study is to examine capabilities of using information technology system in crisis management. The study is applied, descriptive and survey in terms of goal, design and quality of implementation, th...
Environmental accounting and sustainability report
Environmental accounting is a comprehensive tool for investigating environmental considerations in commercial decision-making. Considering internal environmental cost in accounting system will help corporate cost in acco...