期刊名称：International Research Journal of Finance and Economics
印刷版ISSN：1450-2887
电子版ISSN：1450-2887
出版年度：2019
期号：176
页码：156-166
出版社：European Journals Inc.
摘要：Crude oil is directly or indirectly present in every productive activity. Crude oil price fluctuations directly influence the international financial markets. This way the oil market is related to the capital market once it is the stock market that provides resources for investment and financing of production. The purpose of this work is to study the relationship between crude oil prices and selected sectors of the Brazilian economy. Moreover this study focus on the influence that international crude oil prices have on the Brazilian stock market. The main aim of this work is to determine the conditional correlation of the crude oil price and equity returns of nine sectors of the Brazilian economy as well as the performance indicator of the Brazilian stock market using bivariate volatility models.
