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:: Volume 13, Issue 48 (8-2024) ::
mieaoi 2024, 13(48): 403-433 Back to browse issues page
Analysis of the impact of oil price shocks on the stock market in Iran
Bagher Hesamiazizi1 , Hosein Gholipour2
1- Assitant Professor, Payame-Noor University , bhesami2008@gmail.com
2- M.A student, Payame-Noor University
Abstract:   (508 Views)
Due to the necessity of investigating the relationship between stock markets and oil markets, many experimental researches have been conducted with different methods and data to investigate the causal relationship between stock prices and oil prices. The results of studies in different countries are different, which is due to the existence of some structural differences in these countries. The use of oil price fluctuations as an effective factor on stock prices can be justified by the fact that the fundamental value of stocks in Theory is equal to the discounted amount of expected future cash flows. The second macroeconomic events that may affect oil is the impact of shocks. The current research has focused on the effect of some important economic variables on stock returns in Iran. Therefore, considering oil supply, total demand and oil demand affecting stock market returns, it tries to explain a collective approach on stock returns through structural vector autoregression method. The results of the research showed that oil supply and demand shocks and total demand have an effect on the real price of oil and on real stock returns.
Article number: 16
Keywords: oil supply, total demand, oil demand, stock market return, structural vector auto regression
Full-Text [PDF 1166 kb]   (156 Downloads)    
Article type: Research | Subject: General
Received: 2024/01/7 | Accepted: 2024/05/29 | Published: 2024/08/31
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Hesamiazizi B, gholipour H. Analysis of the impact of oil price shocks on the stock market in Iran. mieaoi 2024; 13 (48) : 16
URL: http://mieaoi.ir/article-1-1392-en.html


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Volume 13, Issue 48 (8-2024) Back to browse issues page
نشریه اقتصاد و بانکداری اسلامی Islamic Economics and Banking
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