Please use this identifier to cite or link to this item: https://dspace.ctu.edu.vn/jspui/handle/123456789/35302
Title: Oil price and firm profitability: Evidence from Vietnamese stock market
Authors: Tran, Quoc Trung
Vo, Thi Thien Trang
Keywords: Oil price
Profitability
Vietnam
Issue Date: 2020
Series/Report no.: Journal of International economics and Management;Vol. 20 No 01 .- P.53-64
Abstract: Although many prior studies show that oil price affects negatively macroeconomic environment and stock prices, there are few studies on the impact of oil price on firm profitability. This paper posits that oil price tends to affect firm profitability negatively via increases in production costs and negative changes in the macroeconomic environment. As a transition economy, Vietnam has been gradually integrated into the world economy and affected by international economic shocks. Therefore, Vietnam is a potential laboratory to investigate the effect of oil price as an exogenous factor on firm profitability. Using a sample of 6,960 observations from 951 firms listed in Ho Chi Minh City Stock Exchange (HOSE) and Hanoi Stock Exchange (HNX) between 2005 and 2016, we find supporting evidence for the negative impact of oil price on firm profitability.
URI: https://dspace.ctu.edu.vn/jspui/handle/123456789/35302
ISSN: 2615-9856
Appears in Collections:International economics and Management

Files in This Item:
File Description SizeFormat 
_file_2.76 MBAdobe PDFView/Open
Your IP: 44.197.113.64


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.