Investment Management and Financial Innovations, Volume (12), No (4), Year (2015-11) , Pages (22-32)

Title : ( Relationship between Oil Price Fluctuations and Stock Price Index in Iran )

Authors: Mahdi Salehi , Mahmoud Lari Dashtbayaz , Mostafa Bahrami , Hossein Mosallapour ,

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The present study aims to investigate the impact of oil price fluctuations and a set of other macroeconomic variables on stock price index using structural vector auto regression models, impulse response function, and variance decomposition during 2001-2013. The results of the study reveal that there is no consensus on the effect of oil price on stock price index in different countries. In other words, a group of studies reported a positive relationship between oil price and stock price index, while other studies have argued that there is no relationship between these variables.

Keywords

, Oil price, Stock Price,
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@article{paperid:1053241,
author = {Salehi, Mahdi and Lari Dashtbayaz, Mahmoud and Mostafa Bahrami and Hossein Mosallapour},
title = {Relationship between Oil Price Fluctuations and Stock Price Index in Iran},
journal = {Investment Management and Financial Innovations},
year = {2015},
volume = {12},
number = {4},
month = {November},
issn = {1812-9358},
pages = {22--32},
numpages = {10},
keywords = {Oil price; Stock Price; Iran},
}

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%0 Journal Article
%T Relationship between Oil Price Fluctuations and Stock Price Index in Iran
%A Salehi, Mahdi
%A Lari Dashtbayaz, Mahmoud
%A Mostafa Bahrami
%A Hossein Mosallapour
%J Investment Management and Financial Innovations
%@ 1812-9358
%D 2015

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