The Interactions among Gold, Oil, and Stock Market: Evidence from S&P500

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dc.contributor.authorGokmenoglu, Korhan K.
dc.contributor.authorFazlollahi, Negar
dc.date.accessioned2026-02-06T18:16:45Z
dc.date.issued2015
dc.departmentDoğu Akdeniz Üniversitesi
dc.description16th Annual Conference on Finance and Accounting (ACFA) -- MAY 29, 2015 -- Prague, CZECH REPUBLIC
dc.description.abstractThe inter-relationship between financial and commodity markets is one of the most challenging issues for investors. The volatility in one market might affect the price index of the other market. The aim of this paper is to test whether gold price, oil price, gold price volatility (GVZ) and oil price volatility (OVX) have significant effect on stock market price index (GSPC) or not. In order to carry out the task, due to the properties of the data, the ARDL co-integration approach has been used to check the long-run relationship among OVX and GVZ; as proxies of oil and gold market volatility indexes; and S&P500 market price index. Obtained results indicate the presence of long-run equilibrium among the variables under investigation and reveal that S&P500 stock market price index converges to its long-run equilibrium level by 1.2% speed of daily adjustment by contribution of oil and gold market prices and their volatilities. (C) 2015 The Authors. Published by Elsevier B.V.
dc.description.sponsorshipUniv Econ, Fac Finance & Accounting,Univ Econ, Internal Sci Fdn
dc.identifier.doi10.1016/S2212-5671(15)00760-1
dc.identifier.endpage488
dc.identifier.issn2212-5671
dc.identifier.scopusqualityN/A
dc.identifier.startpage478
dc.identifier.urihttps://doi.org/10.1016/S2212-5671(15)00760-1
dc.identifier.urihttps://hdl.handle.net/11129/8642
dc.identifier.volume25
dc.identifier.wosWOS:000361625200054
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.language.isoen
dc.publisherElsevier Science Bv
dc.relation.ispartof16Th Annual Conference on Finance and Accounting, Acfa Prague 2015
dc.relation.publicationcategoryKonferans Öğesi - Uluslararası - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WoS_20260204
dc.subjectGold price
dc.subjectOil price
dc.subjectStock price
dc.subjectARDL
dc.subjectBounds test
dc.titleThe Interactions among Gold, Oil, and Stock Market: Evidence from S&P500
dc.typeConference Object

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