Oil Exports, Political Issues, and Stock Market Nexus
This study investigates the influence of oil export and political issues on Iraq's stock exchange using various Ordinary Least Square regression models. The empirical results show that the model's effect is not similar based on the explanatory variables included, such as the Covid-19 outb...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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EconJournals
2023-01-01
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| Series: | International Journal of Energy Economics and Policy |
| Subjects: | |
| Online Access: | https://econjournals.com/index.php/ijeep/article/view/13867 |
| _version_ | 1797918424830050304 |
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| author | Zeravan Abdulmuhsen Asaad Amjad Saber Al-Delawi Omed Rafiq Fatah Awaz Mohamed Saleem |
| author_facet | Zeravan Abdulmuhsen Asaad Amjad Saber Al-Delawi Omed Rafiq Fatah Awaz Mohamed Saleem |
| author_sort | Zeravan Abdulmuhsen Asaad |
| collection | DOAJ |
| description |
This study investigates the influence of oil export and political issues on Iraq's stock exchange using various Ordinary Least Square regression models. The empirical results show that the model's effect is not similar based on the explanatory variables included, such as the Covid-19 outbreak, financial crisis, parliament elections, and ISIS emergence are not significant. In contrast, the internal conflict, oil export, and oil prices are substantial effects on the index of the Iraq stock exchange from (2004 to 2021); researchers in the literature have neglected this market due to its novel establishment after (2003). Moreover, the market capitalization still considers very small compared to the regional financial markets. The study contributes to the existing knowledge because most studies on stock market determinants consider political, economic, democratic, or governmental factors. In contrast, here, most elements included using new measurements, such as the internal conflict by cutting off the financial share of the Kurdistan region from the central state budget. Finally, the analysis incorporates the conclusions with straightforward suggestions that policymakers can use, government, investors, and supervisors to control the stock market risk.
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| first_indexed | 2024-04-10T13:29:10Z |
| format | Article |
| id | doaj.art-75742d4e3b1b44b79479a2b949925de4 |
| institution | Directory Open Access Journal |
| issn | 2146-4553 |
| language | English |
| last_indexed | 2024-04-10T13:29:10Z |
| publishDate | 2023-01-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Energy Economics and Policy |
| spelling | doaj.art-75742d4e3b1b44b79479a2b949925de42023-02-15T16:11:44ZengEconJournalsInternational Journal of Energy Economics and Policy2146-45532023-01-0113110.32479/ijeep.13867Oil Exports, Political Issues, and Stock Market NexusZeravan Abdulmuhsen Asaad0Amjad Saber Al-Delawi1Omed Rafiq Fatah2Awaz Mohamed Saleem3Department of Business Administration, Cihan University-Duhok, Kurdistan Region, Iraq,Department of Accounting, Cihan University-Erbil, Kurdistan Region, Iraq,Department of Law, Cihan University-Sulaimaniya, Kurdistan Region, Iraq,Department of Economics, University of Duhok, Kurdistan Region, Iraq. This study investigates the influence of oil export and political issues on Iraq's stock exchange using various Ordinary Least Square regression models. The empirical results show that the model's effect is not similar based on the explanatory variables included, such as the Covid-19 outbreak, financial crisis, parliament elections, and ISIS emergence are not significant. In contrast, the internal conflict, oil export, and oil prices are substantial effects on the index of the Iraq stock exchange from (2004 to 2021); researchers in the literature have neglected this market due to its novel establishment after (2003). Moreover, the market capitalization still considers very small compared to the regional financial markets. The study contributes to the existing knowledge because most studies on stock market determinants consider political, economic, democratic, or governmental factors. In contrast, here, most elements included using new measurements, such as the internal conflict by cutting off the financial share of the Kurdistan region from the central state budget. Finally, the analysis incorporates the conclusions with straightforward suggestions that policymakers can use, government, investors, and supervisors to control the stock market risk. https://econjournals.com/index.php/ijeep/article/view/13867IraqEnergyPolitical IssuesStock Exchange |
| spellingShingle | Zeravan Abdulmuhsen Asaad Amjad Saber Al-Delawi Omed Rafiq Fatah Awaz Mohamed Saleem Oil Exports, Political Issues, and Stock Market Nexus International Journal of Energy Economics and Policy Iraq Energy Political Issues Stock Exchange |
| title | Oil Exports, Political Issues, and Stock Market Nexus |
| title_full | Oil Exports, Political Issues, and Stock Market Nexus |
| title_fullStr | Oil Exports, Political Issues, and Stock Market Nexus |
| title_full_unstemmed | Oil Exports, Political Issues, and Stock Market Nexus |
| title_short | Oil Exports, Political Issues, and Stock Market Nexus |
| title_sort | oil exports political issues and stock market nexus |
| topic | Iraq Energy Political Issues Stock Exchange |
| url | https://econjournals.com/index.php/ijeep/article/view/13867 |
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