Interactions between oil prices and financial sectors’ performances: empirical evidence from Amman Stock Exchange

The present study searches the effects of international oil prices on the performance of financial sector firms in the Amman Stock Exchange (ASE). Using the daily data which range from July 3, 2006 to April 12, 2018, we found that financial performance of the ASE firms is downturn during this data p...

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Bibliographic Details
Published in:Environmental science and pollution research international 2018-11, Vol.25 (33), p.33702-33708
Main Authors: Katircioğlu, Salih, Alkhazaleh, Mansour M. H., Katircioglu, Setareh
Format: Article
Language:English
Subjects:
Aquatic Pollution
Atmospheric Protection/Air Quality Control/Air Pollution
Commerce
Earth and Environmental Science
Ecotoxicology
Environment
Environmental Chemistry
Environmental Health
Environmental science
Financial Management - statistics & numerical data
Jordan
Oil
Petroleum - economics
Petroleum - statistics & numerical data
Research Article
Stock exchanges
Waste Water Technology
Water Management
Water Pollution Control
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Summary:The present study searches the effects of international oil prices on the performance of financial sector firms in the Amman Stock Exchange (ASE). Using the daily data which range from July 3, 2006 to April 12, 2018, we found that financial performance of the ASE firms is downturn during this data period and oil prices do not impact on these performances. It is found that downward movement of financial performances in the ASE is totally independent of the movements in international oil prices.
ISSN:0944-1344
1614-7499
DOI:10.1007/s11356-018-3311-5