 The influence of the oil price on stocks listed at the Bucharest stock exchangePopescu Oana Madalina Impact of Socio-economic and Technological Transformations at National, European and International Level (ISETT), 2015, vol. 3 Abstract: The present paper approaches the arbitrage pricing theory developed by Stephen A. Ross (1976), starting from the hypothesis that undervalued securities can be sold on another market in order to profit from the price difference, this arbitrage technique being able to correct the disequilibrium on the capital market. So, I have studied the connection that may exist between stock prices and oil prices, especially because the oil price on global level has a significant influence on inflation and as a consequence on the prices of the goods and services of an economy. There have been reviewed several researches done in this area of interest being underlined the fact that until now none of these researches has studied the connection between stocks listed on the Bucharest Stock Exchange and a global benchmark of the oil price. Keywords: multifactor models; arbitrage; oil price; stock prices; monthly frequency (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:iem:imptrs:v:3:y:2015:id:2822000009326131 Access Statistics for this article Impact of Socio-economic and Technological Transformations at National, European and International Level (ISETT) is currently edited by Simona Moagar Poladian, PhD More articles in Impact of Socio-economic and Technological Transformations at National, European and International Level (ISETT) from Institute for World Economy, Romanian Academy Contact information at EDIRC. |
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