Oil Price and Stock Prices of EU Financial Companies: Evidence from Panel Data Modeling

Oil Price and Stock Prices of EU Financial Companies: Evidence from Panel Data Modeling

Crude oil is an indispensable resource for the world economy and European Union (EU) countries are strongly dependent on oil imports. In a framework defined by generally positive correlations between oil and stock prices, the paper investigates the relationship between financial companies’...

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Bibliographic Details
Main Authors: Alexandra Horobet, Georgiana Vrinceanu, Consuela Popescu, Lucian Belascu
Format: Article
Language:English
Published: MDPI AG 2019-10-01
Series:Energies
Subjects:
oil prices
stock prices
panel data analysis
ardl
financial sector
Online Access:https://www.mdpi.com/1996-1073/12/21/4072

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