December 2013
Intermediate to advanced
928 pages
28h 50m
English
Marcelo Bianconia and Joe A. Yoshinob, aDepartment of Economics, Tufts University, Medford, MA, USA, bDepartment of Economics, FEA, University of Sao Paulo, Brazil, E-mail: marcelo.bianconi@tufts.edu, pyoshino@usp.br
We analyze a sample of oil and gas companies of the nonrenewable energy sector from the emerging countries consisting of Brazil, Russia, India, China, and South Africa from 2003 to 2012. Our panel model estimations show significant risk prices for common factors including the US Dow Jones market excess return, the price of oil, and the exchange rates of the Euro, Brazilian real, and South African rand vis-à-vis ...
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