Mohanty, Sunil; Nandha, Mohan; Bota, Gabor - In: Emerging Markets Review 11 (2010) 4, pp. 358-372
We analyze the relation between oil prices and the stock returns of oil and gas firms in Central and Eastern European (CEE) countries. The overall results indicate no significant association between oil prices and the stock returns over 1998-2010 period. In contrast, the sub-period analysis...