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Cited by 1,550

The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.

Oil and the Stock Markets

JONES, CHARLES M., KAUL, GAUTAM·1996·The Journal of Finance
DOI 10.1111/j.1540-6261.1996.tb02691.x
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Abstract

We test whether the reaction of international stock markets to oil shocks can be justified by current and future changes in real cash flows and/or changes in expected returns. We find that in the postwar period, the reaction of United States and Canadian stock prices to oil shocks can be completely accounted for by the impact of these shocks on real cash flows alone. In contrast, in both the United Kingdom and Japan, innovations in oil prices appear to cause larger changes in stock prices than can be justified by subsequent changes in real cash flows or by changing expected returns.

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Crossref · 10.1111/j.1540-6261.1996.tb02691.x

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Metadata

Authors
JONES, C. M., & KAUL, G.
Venue
The Journal of Finance
Publisher
Wiley
Published
1996-06
Volume
51
Issue
2
Pages
463-491
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/j.1540-6261.1996.tb02691.x
OpenAlex
W2132417154
Cited by
1,550
References
2
FWCI
6.04
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Oil and the Stock Markets. https://app.cochat.ai/papers/10.1111/j.1540-6261.1996.tb02691.x
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JONES, C. M., & KAUL, G. (1996). Oil and the Stock Markets. The Journal of Finance. https://doi.org/10.1111/j.1540-6261.1996.tb02691.x

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.