Yüksek LisansAçık Erişim

The impact of oil prices on the stock returns of textile industry in BIST

2013
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Özet (EN)

This thesis aims to search for empirical relationship between oil prices and stock returns in the textile industry. Borsa Istanbul (BIST) has been selected with this respect. Monthly data for the period, 1997-2011 has been applied to various econometric procedures. Johansen cointegration and error correction model results reveal that oil prices affect stock returns in the economic long term. Textile stock returns react to long term path by 19.77 percent speed of adjustment through the channel of oil prices. Our results also find that oil prices do have long term inspect in the overall BIST index; however, this impact is lower compared to that case in textile; and final finding of the study is that textile stock returns move parallel to oil price increases in the economic long term.

Yazar

Dr. Aidin Shojaei Rad

Bu Yayına Nasıl Atıf Yapılır

Aidin Shojaei Rad (Master Thesis). The impact of oil prices on the stock returns of textile industry in BIST, 2013, Eastern Mediterranean University.

Lisans

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