EVOLUTION OF ENERGY COMPANY SHARE PRICES AND THEIR RELATIONSHIP WITH MACROECONOMIC VARIABLES: EVIDENCE FROM ARGENTINA EVOLUCION DE PRECIOS DE ACCIONES DE EMPRESA DE ENERGIA Y SU RELACION CON LAS VARIABLES MACROECONOMICAS: EVIDENCIA DE ARGENTINA

Mario Luis Perossa, Alejandra Marinaro and Walter Velardez

Revista Internacional Administracion & Finanzas, 2017, vol. 10, issue 4, 1-14

Abstract: In the context of informed markets, news spreads with speed. In a globalized world, it is reasonable think that active finance is a deployed method to organize central economic variables. This determines variables that explain the behavior of actions by the industry oil from December 2012 through August 2015. We use regression of certain variables in accordance with their significance. The goal at this early stage, is to select significant macroeconomic indicators in determining the share prices of the sector in the market. Results demonstrate, through the application of econometric models, the relationship that exists between the price of financial assets and the macroeconomic variables selected for analysis. A new line of research is left open for the purposes of assessing the generalizability of the results other major industries

Keywords: Effects of Information; Stock Indexes; Perfect Information; Available Information; Spread of Information (search for similar items in EconPapers)
JEL-codes: G12 G13 G14 (search for similar items in EconPapers)
Date: 2017
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