Stock price movements : does change in energy price matter?

• Main Authors: Abdul Jalil, Norasibah, Mat Ghani, Gairuzazmi, Daud, Jarita, Ibrahim, Mansor
• Format: Article
• Language: English
• Published: Penerbit UPSI 2009
• Subjects: HG4501 Stocks, investment, speculation
• Online Access: http://irep.iium.edu.my/11656/1/10.%2520STOCK%2520PRICE%2520MOVEMENTS....pdf; http://irep.iium.edu.my/11656/; http://penerbit.upsi.edu.my/website_e-jurnal/jurnal%20site/ibej2.1/content.html

This paper investigates the impact of oil price shocks on the Malaysian stock market. The co-integration test results documented zero co-integration equation. This finding implies no long-run relationship between the variables in the system. The causality test which looks at short run dynamic inter...