Mohammad Z. Hasan, Ronald A. Ratti

97136

Coal Sector Returns and Oil Prices: Developed and Emerging Countries

Coal Sector Returns and Oil Prices: Developed and Emerging Countries

This paper examines the effect of oil price on coal sector stock returns. A multifactor market model is used to estimate the expected excess returns to the coal sector. A 1% increase in oil price return has a statistically significant positive impact on coal sector returns of between 0.06% and 0.20%. A 1% increase in coal price raises the return of coal sector returns by between 0.22% and 0.30%. Increased volatility in oil price return significantly reduces coal sector return. Participants in energy markets may perceive oil price as being determined globally and as providing information on demand for energy overall. Understanding the variables that affect the behaviour of the stock prices in the coal is of importance to market participants and policy makers, and is helpful in developing efficient hedging policies to deal with changes in energy prices

Keywords:

coal sector return oil price, coal price,

International Journal of Energy Economics and Policy-Cover

Başlangıç: 2011
Yayıncı: İlhan ÖZTÜRK

Arşiv

Sayıdaki Diğer Makaleler

Re-examining of the Turkish Crude Oil Import Demand with Multi-structural Breaks Analysis in the Long Run Period

Sevda Yapraklı, Fatih Kaplan

Determining the Underlying Reasons of License Termination and Cancellation Associated with Local Power Production in Turkey

Modeling of the Dynamics Relationship between World Crude Oil Prices and the Stock Market in Indonesia

Pasrun ADAM, Usman RİANSE, Edi CAHYONO, Manat RAHİM

Renewable Energy and Sustainable Development Nexus in Selected OECD Countries

Cuma Bozkurt, M. Akif Destek

Evolution of Risks for Energy Companies from the Energy Efficiency Perspective: The Brazilian Case

Marcos PERRONİ, Luciano Luiz DALAZEN, Wesley Vieira Da SİLVA, Sergio GOUVÊA, Claudimar Pereira Da VEİGA

Coal Sector Returns and Oil Prices: Developed and Emerging Countries

Mohammad Z. Hasan, Ronald A. Ratti

Decomposition Analysis of CO2 Emissions from Electricity Generation in Nigeria

Nnaemeka Vincent EMODİ, Kyung-jin BOO

Energy Consumption- Economic Growth Nexus: Evidence from Linear and Nonlinear Models in Selected African Countries

İbrahim Dolapo RAHEEM, Agboola Hammed YUSUF

Risk Assessment in Construction Process in Nuclear Sector within the Central and Eastern Europe

Tomas Vlcek, Martin Jirusek, James Henderson

Profitability Analysis for Biomethane: A Strategic Role in the Italian Transport Sector

Federica Cucchiella, Idiano D’Adamo, Massimo Gastaldi