The Effects of Fluctuations in the Global Price of Crude Oil on the Taiwan Stock Exchange: An Analysis of Taiwan Stock Exchange Top 20 Most Actively Traded Securities

The Effects of Fluctuations in the Global Price of Crude Oil on the Taiwan Stock Exchange: An Analysis of Taiwan Stock Exchange Top 20 Most Actively Traded Securities

李喬治(Jorge Bonilla)

指導教授 ： 林鳳儀

國立臺北科技大學/管理學院/管理國際學生碩士專班 (IMBA)/碩士(2014年)

https://doi.org/10.6841/NTUT.2014.00311

摘要

The relationship between crude oil price fluctuations and the performance of stock market has been analyzed in various literatures, with different relationship (positive, negative, no relationship). However, a wide number of literatures published have not treated other factors that may affect the stock market performance as a result of changes in the oil price. This paper aims to examine whether fluctuations in the global price of crude oil affects the performance of the Taiwan Stock Exchange in terms of value to investors, trade volume, stock prices, and investor behavior.
This study will also analyze the specific case of the Republic of China (Taiwan) as a net oil importer, considerably changing the perspective of the analysis. In addition, Taiwan is a country whose Gross Economic Product relies heavily on exports specifically in the high technology industries, and a more thorough analysis of these factors is found in this research.

關鍵字

Crude oil price ； Taiwan ； Stock Market Performance ； Linear Regression

並列摘要

The relationship between crude oil price fluctuations and the performance of stock market has been analyzed in various literatures, with different relationship (positive, negative, no relationship). However, a wide number of literatures published have not treated other factors that may affect the stock market performance as a result of changes in the oil price. This paper aims to examine whether fluctuations in the global price of crude oil affects the performance of the Taiwan Stock Exchange in terms of value to investors, trade volume, stock prices, and investor behavior.
This study will also analyze the specific case of the Republic of China (Taiwan) as a net oil importer, considerably changing the perspective of the analysis. In addition, Taiwan is a country whose Gross Economic Product relies heavily on exports specifically in the high technology industries, and a more thorough analysis of these factors is found in this research.

並列關鍵字

Crude oil price ； Taiwan ； Stock Market Performance ； Linear Regression

參考文獻

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