BENADA, Luděk. Effect of crude oil on the Prague Stock Exchange. Online. In Iacob, AI. 2ND WORLD CONFERENCE ON BUSINESS, ECONOMICS AND MANAGEMENT. AMSTERDAM: ELSEVIER SCIENCE BV, 2014, p. 1316-1321. ISSN 1877-0428. Available from: https://dx.doi.org/10.1016/j.sbspro.2013.12.631.
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Basic information
Original name Effect of crude oil on the Prague Stock Exchange
Authors BENADA, Luděk (203 Czech Republic, guarantor, belonging to the institution).
Edition AMSTERDAM, 2ND WORLD CONFERENCE ON BUSINESS, ECONOMICS AND MANAGEMENT, p. 1316-1321, 6 pp. 2014.
Publisher ELSEVIER SCIENCE BV
Other information
Original language English
Type of outcome Proceedings paper
Field of Study 50200 5.2 Economics and Business
Country of publisher Netherlands
Confidentiality degree is not subject to a state or trade secret
Publication form electronic version available online
RIV identification code RIV/00216224:14560/14:00074798
Organization unit Faculty of Economics and Administration
ISSN 1877-0428
Doi http://dx.doi.org/10.1016/j.sbspro.2013.12.631
UT WoS 000335570200220
Keywords in English Oil price; stock return; exchange rate; systematic rate
Tags International impact, Reviewed
Changed by Changed by: Mgr. Daniela Marcollová, učo 111148. Changed: 1/4/2015 15:13.
Abstract
The aim of this paper is to analyze the impact of the development of crude oil prices on the Prague Stock Exchange and on its Blue Chips. It would be logical to expect that crude oil as an important production factor will have a significant impact on the economy and figuratively on the capital markets. Intuitively, it might be assumed that if the production costs rise, there will be an overall deterioration of the financial situation of a particular company with a subsequent drop in its share price and vice versa. This fact, in our research is not clearly given. It is evident the need to differentiate in which sector the company is operating. The results of our research have been certainly influenced by the nature of the Prague Stock Exchange. Although the Czech Republic is one of the EU-members, the different institutional environment of the country should be taken into account, because in the nineties the Czech Republic was one of the transition economies. Finally, for the results of the analysis it is necessary to consider the impact of the exchange rate. (C) The Authors. Published by Elsevier Ltd.
Links
MUNI/A/0753/2012, interní kód MUName: Evropské finanční systémy 2013 (Acronym: EFS)
Investor: Masaryk University, Category A
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