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Paulo F. Marschner and Paulo Sergio Ceretta
''The impact of oil price shocks on latin american stock markets: a behavioral approach''
( 2021, Vol. 41 No.2 )
We analyzed the impact of oil price shocks on the stock returns in Latin American stock markets. We found an asymmetric relationship and showed that oil price exposures are homogeneous in these markets. Our results confirm the intuitive idea that the asymmetry between the oil price and the stock returns may be related to behavioral aspects.
Keywords: Oil Price, Stock Market, Behavioral Finance, Emerging Markets
JEL: Q4 - Energy: General
Manuscript Received : Jul 28 2020 Manuscript Accepted : Apr 09 2021

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