Systematic Risk in Energy Businesses: Empirical Evidence for the ASEAN

Duc Hong VO; Thach Ngoc PHAM

Makale detayları

Systematic Risk in Energy Businesses: Empirical Evidence for the ASEAN

Yazarlar:

Duc Hong VO | Thach Ngoc PHAM

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2017 Vol.7 Issue 1, pp.553-565

Belge Tipi:

Makale

Yayın Tarihi:

2/2017

Belge Dili:

Türkçe

Document ID (Org No.):

2000812139

Sıklık:

İki Aylık

eISSN:

2146-4138

Özet:

 

This paper is conducted to provide an additional empirical evidence in relation to the estimates of equity beta for energy businesses in the ASEAN-5 including Vietnam, Thailand, the Philippines, Malaysia, and Singapore. Listed energy companies for the period from 2005 to 2015 are used. Quantile regression, together with the OLS and LAD, has been used. Findings from this paper indicate that: (i) as long as the OLS and the LAD approaches are adopted, estimates of equity beta are relatively consistent across various research periods; (ii) estimates of equity beta appear to vary substantial across different quantiles; and (iii) estimates of equity beta have appeared to vary across research periods. However, as an overall level across time and methods, a level of risk faced by a company in the energy sector is below the average of the level of risk for the entire market for the above nations.

Makale detayları

Systematic Risk in Energy Businesses: Empirical Evidence for the ASEAN

Yazarlar: Duc Hong VO | Thach Ngoc PHAM

Yayıncı: İlhan ÖZTÜRK

Dergi: International Journal of Economics and Financial Issues 2017 Vol.7 Issue 1, pp.553-565

Belge Tipi: Makale

Yayın Tarihi: 2/2017

Belge Dili: Türkçe

Document ID (Org No.): 2000812139

Sıklık: İki Aylık

eISSN: 2146-4138

Sayı

Yazarlar:

Duc Hong VO | Thach Ngoc PHAM

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2017 Vol.7 Issue 1, pp.553-565

Belge Tipi:

Makale

Yayın Tarihi:

2/2017

Belge Dili:

Türkçe

Document ID (Org No.):

2000812139

Sıklık:

İki Aylık

eISSN:

2146-4138