We test theoretical drivers of the oil price beta of oil industry stocks. The strongest statistical and economic support comes for market conditions - type variables as the prime drivers: namely, oil price, bond rate, volatility of oil returns and cost of carry. Though statistically significant,...

This paper analyses how stock returns on the U.S. manufacturing industry respond to raw materials price shock. Using monthly excess return data of the U.S. manufacturing industry and the percentage change of the U.S. raw materials price commodity index from 1960:M2 to 2012:M12, the vector auto...

COVID-19 and its consequential impact on the economic fundamentals is a highly discussed topic among the researchers. However, there is a literature void in context to the Indian commodity and financial market. To bridge this gap current study tries to investigate the influence of COVID-19 on...