The Effect of the Exchange Rate Risk on the Stock Prices of the Energy Companies

Ayhan Kapusuzoglu

Journal of Economics and Behavioral Studies, 2013, vol. 5, issue 2, 106-116

Abstract: The purpose of this study is the examination of the effect of the unexpected exchange rate risk on the stock prices of the energy companies which are transacted in the ISE (Istanbul Stock Exchange) National 100 index, for the period of 03/01/2005 – 29/06/2012. In addition, the study has investigated the effect of the market return on the stocks of the related companies in the same period. In line with that purpose, a multi-regression analysis has been realized in order to examine whether there was any effect or not. At the end of this inquiry, it was concluded that the unexpected exchange rate risk had a very small effect on the companies which are active in the energy sector and the return on market, on the contrary, had a very big effect thereon.

Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ojs.amhinternational.com/index.php/jebs/article/view/385/385 (application/pdf)
https://ojs.amhinternational.com/index.php/jebs/article/view/385 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rnd:arjebs:v:5:y:2013:i:2:p:106-116

DOI: 10.22610/jebs.v5i2.385

Access Statistics for this article

More articles in Journal of Economics and Behavioral Studies from AMH International
Bibliographic data for series maintained by Muhammad Tayyab ().