قیمت سوخت بر بازار سهام صنایع متالورژی تحت سیستم تجارت الکترونیکی اتحادیه اروپا تاثیر می گذارد

The results indicate a negative stable long-run relation between gas prices and stock market price changes of metallurgy sector and firm-specific effects. Regarding the EUA price change effect on aggregated stock market return, the VECM estimation did not find a significant long-run linkage. However, the results of EUA price change impact at firm level showed evidence for heterogeneity in this effect.