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Statistics report
Oct. 2022
Submitted Papers : 80
Accepted Papers : 10
Rejected Papers : 70
Acc. Perc : 12%
Issue Published : 100
Paper Published : 4768
No. of Authors : 9824
  Journal Paper


Paper Title :
The Impact of Oil Price Shocks on Stock Market Returns in Malaysia: The ARDL Approach

Author :King You Soon, Qaiser Munir, Sook Ching Kok

Article Citation :King You Soon ,Qaiser Munir ,Sook Ching Kok , (2018 ) " The Impact of Oil Price Shocks on Stock Market Returns in Malaysia: The ARDL Approach " , International Journal of Management and Applied Science (IJMAS) , pp. 29-34, Volume-4,Issue-11

Abstract : This study analyses the impact of oil price shocks on Malaysia stock market using daily time series data for the period of 1987-2017. The Autoregressive Distributed Lag (ARDL) approach and Toda Yamamoto (1995) causality test are used to aid in the analyses of the study. Through the ARDL approach, the bound test results indicate the existence of a longrun relationship between crude oil and stock market returns. This study has discovered that oil price shocks have significant positive impact on the Malaysia stock market both in the long-run and short-run. On the other hand, the causality test reveals a unidirectional causality running from oil return to stock return. These results have important implications for the decisionmaking by policymakers. Keywords - Oil price shocks, Stock market return, Autoregressive Distributed Lag, Toda-Yamamoto

Type : Research paper

Published : Volume-4,Issue-11


DOIONLINE NO - IJMAS-IRAJ-DOIONLINE-14367   View Here

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