논문KCI 등재
환율 및 유가가 항공사 주가에 미치는 영향
The Relationship Between Airline Stock Returns and Foreign Exchange Rates & Oil Price
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다운로드
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참고문헌
주제분류경영학
초록
Abstract
This paper examines the relationship between the stock returns of airline and macroeconomic variables such as won/dollar exchange rate, won/yen exchange rate, and oil price. The co-integration analysis shows that there is co-integration relation between the stock returns of airline -Korean Airlines and Asiana Airlines- and macroeconomic variables - won/dollar, won/yen, oil price. In the vector error correction model, the airline stock returns are negatively related with won/dollar exchange rate, oil price whereas the airline stock returns are positively related with won/yen exchange rate.
참고문헌 (16)
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