File(s) under permanent embargo
Investment and oil price volatility
journal contributionposted on 01.01.2012, 00:00 authored by Susan SharmaSusan Sharma, Paresh Narayan
In 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.