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Does the performance of global commodities exhibit co-movement and long-run relationship with the palm oil companies?

While numerous papers investigate on the co-movement of global commodities and stock indices, this paper extends to previous papers by focusing on the individual stock price of palm oil companies namely Sime Darby Plantation, Wilmar International, and Astra Agri Lestari. Weekly data spanning from Ja...

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Main Authors: Izaan Jamil, Mori Kogid, Thien Sang Lim, Nelson Lajuni
Format: Proceedings
Language:English
English
Published: ResearchGate 2024
Subjects:
HG1-9999 Finance
TD896-899 Industrial and factory wastes
Online Access:https://eprints.ums.edu.my/id/eprint/39273/1/ABSTRACT.pdf
https://eprints.ums.edu.my/id/eprint/39273/2/FULL%20TEXT.pdf
https://eprints.ums.edu.my/id/eprint/39273/
https://www.researchgate.net/publication/379891843_Does_the_Performance_of_Global_Commodities_Exhibit_Co-movement_and_Long-run_Relationship_with_the_Palm_Oil_Companies
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id my.ums.eprints.39273
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spelling my.ums.eprints.392732024-07-26T02:47:35Z https://eprints.ums.edu.my/id/eprint/39273/ Does the performance of global commodities exhibit co-movement and long-run relationship with the palm oil companies? Izaan Jamil Mori Kogid Thien Sang Lim Nelson Lajuni HG1-9999 Finance TD896-899 Industrial and factory wastes While numerous papers investigate on the co-movement of global commodities and stock indices, this paper extends to previous papers by focusing on the individual stock price of palm oil companies namely Sime Darby Plantation, Wilmar International, and Astra Agri Lestari. Weekly data spanning from January 2018 to September 2023 was selected and Autoregressive Distributed Lags (ARDL) model employed to demonstrate the possible comovement and long-run relationship. Empirical results provide sufficient evidence of comovement between global commodities with Sime Darby Plantation and Astra Agri Lestari in the long-run. This will allow fund managers, individual investors, and stock traders to make investment decisions, trading strategies, and portfolio management based on the global commodity markets. ResearchGate 2024 Proceedings PeerReviewed text en https://eprints.ums.edu.my/id/eprint/39273/1/ABSTRACT.pdf text en https://eprints.ums.edu.my/id/eprint/39273/2/FULL%20TEXT.pdf Izaan Jamil and Mori Kogid and Thien Sang Lim and Nelson Lajuni (2024) Does the performance of global commodities exhibit co-movement and long-run relationship with the palm oil companies? https://www.researchgate.net/publication/379891843_Does_the_Performance_of_Global_Commodities_Exhibit_Co-movement_and_Long-run_Relationship_with_the_Palm_Oil_Companies
institution Universiti Malaysia Sabah
building UMS Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sabah
content_source UMS Institutional Repository
url_provider http://eprints.ums.edu.my/
language English
English
topic HG1-9999 Finance
TD896-899 Industrial and factory wastes
spellingShingle HG1-9999 Finance
TD896-899 Industrial and factory wastes
Izaan Jamil
Mori Kogid
Thien Sang Lim
Nelson Lajuni
Does the performance of global commodities exhibit co-movement and long-run relationship with the palm oil companies?
description While numerous papers investigate on the co-movement of global commodities and stock indices, this paper extends to previous papers by focusing on the individual stock price of palm oil companies namely Sime Darby Plantation, Wilmar International, and Astra Agri Lestari. Weekly data spanning from January 2018 to September 2023 was selected and Autoregressive Distributed Lags (ARDL) model employed to demonstrate the possible comovement and long-run relationship. Empirical results provide sufficient evidence of comovement between global commodities with Sime Darby Plantation and Astra Agri Lestari in the long-run. This will allow fund managers, individual investors, and stock traders to make investment decisions, trading strategies, and portfolio management based on the global commodity markets.
format Proceedings
author Izaan Jamil
Mori Kogid
Thien Sang Lim
Nelson Lajuni
author_facet Izaan Jamil
Mori Kogid
Thien Sang Lim
Nelson Lajuni
author_sort Izaan Jamil
title Does the performance of global commodities exhibit co-movement and long-run relationship with the palm oil companies?
title_short Does the performance of global commodities exhibit co-movement and long-run relationship with the palm oil companies?
title_full Does the performance of global commodities exhibit co-movement and long-run relationship with the palm oil companies?
title_fullStr Does the performance of global commodities exhibit co-movement and long-run relationship with the palm oil companies?
title_full_unstemmed Does the performance of global commodities exhibit co-movement and long-run relationship with the palm oil companies?
title_sort does the performance of global commodities exhibit co-movement and long-run relationship with the palm oil companies?
publisher ResearchGate
publishDate 2024
url https://eprints.ums.edu.my/id/eprint/39273/1/ABSTRACT.pdf
https://eprints.ums.edu.my/id/eprint/39273/2/FULL%20TEXT.pdf
https://eprints.ums.edu.my/id/eprint/39273/
https://www.researchgate.net/publication/379891843_Does_the_Performance_of_Global_Commodities_Exhibit_Co-movement_and_Long-run_Relationship_with_the_Palm_Oil_Companies
_version_ 1805887940954423296
score 13.211869

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