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In one other empirical effort, to study the affect of oil price shocks on the inventory markets in US and thirteen other European Countries associated to knowledge on inventory prices, brief time period interest rates, shopper costs and industrial production that are acquired from OECD.
The researcher used unrestricted VAR model with four variables as first log difference of brief time period rate of interest (r), actual oil value (op), first log difference of commercial production (ip) and actual inventory returns (rsr): VAR(r, op, ip, rsr) (Jung Wook , 2007) The above VAR analyzes carried out by the researcher’s present that shocks in oil prices should not have direct or oblique effect of different vitality shares however shocks to energy shares had significant impact of technological stocks.
Robert and Pavlos (2008) in their working paper, have concluded that despite the fact that there have been similarities between oil market developments during Nineteen Seventies and Eighties and the current market, the oil costs will not be likely to decline.
In chapters 4 to 10, Olagbaiye beams his mental searchlight on ideas resembling audit evidence; audit timing; the fashionable audit stages; verification of belongings and liabilities; audit working papers; audit report; and accounting standards.