期刊名称：Çukurova Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
印刷版ISSN：1300-3747
出版年度：2016
卷号：20
期号：1
页码：39-53
语种：English
出版社：Çukurova University
摘要：The aim of this study is to test oil prices how and to what extend impact on stock prices of aviation companies. For this purpose, dollar based prices of Brent oil and the aviation companies (Delta Airlines, Lufthansa, Air France and Turkish Airlines) are analyzed using monthly data cover the period January 2009 to November 2014. Whether the long-term relationship between companies’ stock prices and oil prices have been tested with the Engle-Granger (1987) cointegration method. Findings indicated that there has been a long-term relationship between Delta Airlines, Lufthansa, Turkish Airlines and oil prices separately. Thus error correction model is implemented. Results show that deviations between the price of oil and Delta Airlines in the long-term is fixed up to 14.1%, for Lufthansa is fixed up to 24.4%, for Turkish Airlines is fixed up to 49.4% per month.
其他摘要：Bu çalışmanın amacı, Ocak 2009-Kasım 2014 dönemi itibariyle petrol fiyatlarının havayolu şirketlerinin hisse senedi fiyatları üzerinde nasıl ve ne ölçüde etkili olduğunu aylık veriler kullanarak test etmektir. Bu amaçla çalışmada dünyada öne çıkan havayol
关键词：Oil prices;aviation companies;Engle-Granger cointegration method;error correction model
其他关键词：Petrol Fiyatları;havayolu şirketleri;Engle-Granger eşbütünleşme analizi;hata düzeltme modeli
