Stock prices of renewable energy firms: Are there asymmetric responses to oil price changes?

Artikel

This article revisits the question of whether crude oil prices have a positive effect on stock the prices of renewable energy firms. To examine this question carefully, we allow for the asymmetric effects of oil price changes in our modeling process, using the nonlinear autoregressive distributed lag (ARDL) approach. We find that changes in oil prices indeed have a significant, positive short-run effect on renewable energy stock prices in an asymmetric manner. However, this short-run effect does not appear to last in the long-run.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Economies ; ISSN: 2227-7099 ; Volume: 6 ; Year: 2018 ; Issue: 4 ; Pages: 1-8 ; Basel: MDPI

Classification and Topics

• Classification: Wirtschaft
• Subject: asymmetry ; nonlinear ARDL ; oil prices ; renewable energy ; stock prices

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Lee, Donggyu ; Baek, Jungho
• Event: Veröffentlichung
• (who): MDPI
• (where): Basel
• (when): 2018

Further information

• DOI: doi:10.3390/economies6040059
• Handle: http://hdl.handle.net/10419/197115
• Last update: 10.03.2025, 11:44 AM CET