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dc.contributor.authorVveinhardt, Jolita-
dc.contributor.authorŠtreimikienė, Dalia-
dc.contributor.authorAhmed, Rizwan Raheem-
dc.contributor.authorGhauri, Saghir Pervaiz-
dc.contributor.authorAshraf, Muhammad-
dc.description.abstractThe purpose of the undertaken research study is to examine the influence of crude oil and gold prices on the equity returns of Baltic and South Asian stock markets. The study comprises of daily data from January 1, 2010, to June 30, 2016. Nasdaq Baltic market (LOMXBBGI) data time series is stationary at level; however, rest of the data series became stationary at first difference by employing Philips-Perron and Augmented Dickey-Fuller approaches. Results of Johansen cointegration illustrated an absence of the cointegration amongst the considered economic indicators, therefore; we could not establish the long haul association amidst the equity returns of Baltic and South Asian markets, and crude oil and gold prices. The outcomes of VEC Granger Causality/Block Exogeneity Wald approach suggested unidirectional causality from LCOP to LKSE100 and LGP to LKSE100. Hence, it has been established that there is no causal affiliation amongst the variables. However, it is further concluded from the results of ARDL approach that the LOMXBBGI has a significant short-term relationship in lag 1 and lag 2. Moreover, DLGP also showed a significant short-term relationship with LOMXBBGI at 10% significant level. However, LCOP does not have any affect on LOMXBBGIen
dc.description.sponsorshipVadybos katedra-
dc.description.sponsorshipVilniaus universitetas, Kauno humanitarinis fakultetas-
dc.description.sponsorshipVytauto Didžiojo universitetas-
dc.format.extentp. 422-438-
dc.relation.ispartofActa Montanistica Slovaca. Kosice : Technical University of Kosice, 2017, Vol. 22, iss. 4-
dc.relation.isreferencedbyScience Citation Index Expanded (Web of Science)-
dc.relation.isreferencedbyAcademic Search Complete (EBSCO)-
dc.subjectCrude oil pricesen
dc.subjectStock marketsen
dc.subjectGold pricesen
dc.subjectJohansen cointegrationen
dc.subjectARDL approachen
dc.subject.classificationStraipsnis Clarivate Analytics Web of Science / Article in Clarivate Analytics Web of Science (S1)-
dc.subject.otherVadyba / Management (S003)-
dc.titleAsymmetric influence of oil and gold prices on Baltic and South Asian stock markets: Evidence from Johansen cointegration and ARDL approachen
dc.typeresearch article-
local.object{"source": {"code": "vdu", "handle": "22202"}, "publisher": {"name": "Technical University of Kosice", "list": false}, "db": {"clarivate": true, "scopus": true, "list": true}, "issn": ["1335-1788"], "code": "S1", "subject": ["S003"], "url": [""], "country": "SK", "language": "en", "area": "S", "original": true, "pages": 17, "sheets": 1.214, "timestamp": "20180907144917.0", "account": {"year": 2017, "late": true}, "na": 5, "nip": 1, "affiliation": [{"contribution": 0.2, "aip": 1, "country": ["LT"], "rel": "aut", "org": [{"create": true, "contribution": 0.2, "name": "Vytauto Didžiojo universitetas", "id": "111950396", "level": "0", "type": "uni", "research": "1", "status": "1", "unit": {"name": "Ekonomikos ir vadybos fakultetas", "id": "02", "level": "1", "type": "fak", "research": "1", "status": "1", "unit": {"name": "Vadybos katedra", "id": "0202", "level": "2", "type": "kat", "research": "1", "status": "1"}}}], "id": "D609F4B2E2291772F6B3DCDE41E3EF90", "lname": "Vveinhardt", "fname": "Jolita", "status": "1", "orcid": "0000-0001-6231-9402", "name": "Vveinhardt, Jolita"}, {"contribution": 0.2, "aip": 1, "country": ["LT"], "rel": "aut", "org": [{"create": false, "contribution": 0.2, "name": "Vilniaus universitetas, Kauno humanitarinis fakultetas", "id": "211950810"}], "id": "83BF7C796C3C751E42515A94956EE086", "lname": "Štreimikienė", "fname": "Dalia", "status": "0", "name": "Štreimikienė, Dalia"}, {"contribution": 0.2, "aip": 1, "country": ["PK"], "rel": "aut", "lname": "Ahmed", "fname": "Rizwan Raheem", "status": "0", "name": "Ahmed, Rizwan Raheem"}, {"contribution": 0.2, "aip": 1, "country": ["PK"], "rel": "aut", "lname": "Ghauri", "fname": "Saghir Pervaiz", "status": "0", "name": "Ghauri, Saghir Pervaiz"}, {"contribution": 0.2, "aip": 1, "country": ["PK"], "rel": "aut", "lname": "Ashraf", "fname": "Muhammad", "status": "0", "name": "Ashraf, Muhammad"}]}-
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Appears in Collections:Universiteto mokslo publikacijos / University Research Publications
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