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Investment and oil price volatility
journal contribution
posted on 2012-01-01, 00:00 authored by Susan SharmaSusan Sharma, Paresh NarayanIn this note, we consider the relationship between oil price volatility and firm returns for 560 firms listed on the New York Stock Exchange. Using daily time series data from 2000 to 2008, we find that oil price volatility increases firm returns for the majority of the firms in our sample.