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Sakineh Ayoubi & Farzin Rezaei

A Study on the Effect of Oil Price Variations on Stock Returns under Environmental Uncertainty (Sales)

(Volume 85 - Année 2016 — Actes de colloques — Special edition)
DOI: 10.25518/0037-9565.5877
Article
Open Access

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Abstract

Oil is a commodity considered the most important export product in many countries, playing a key role in the economies. That is why oil price variations can have direct effects on economic sectors. Uncertainty caused by unpredictable oil prices can have a huge impact on the economic body. The main purpose of this study was to find the relationship between oil price variations on stock returns under environmental uncertainty during 2005-2014. The effect of environmental uncertainty on the relationship between oil price variations and stock returns were examined. The regression method and EVIWSE9 were used to evaluate the hypothesis. The results of regression showed that uncertainty, i.e. sales fluctuation at confidence level of 95% did not have a significant effect on the relationship between oil price variations and stock return.

Keywords : environmental uncertainty, oil prices variations, sales, stock return

To cite this article

Sakineh Ayoubi & Farzin Rezaei, «A Study on the Effect of Oil Price Variations on Stock Returns under Environmental Uncertainty (Sales)», Bulletin de la Société Royale des Sciences de Liège [En ligne], Volume 85 - Année 2016, Actes de colloques, Special edition, 1080 - 1089 URL : http://popups.ulg.be/0037-9565/index.php?id=5877.

About: Sakineh Ayoubi

Bachelor of Business Administration (Financial) Islamic Azad University of Qazvin, Iran

About: Farzin Rezaei

Associate Professor, Accounting, Islamic Azad University of Qazvin, Iran