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The Impact of Energy-Related Uncertainty on Global Stock Market Returns

Schweitzer, Marie
(2024)

Files

SCHWEITZER_62622200_2024.pdf
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Details

Supervisors
Iania, Leonardo
Faculty
Louvain School of Management
Degree label
Master [120] : ingénieur de gestion, à finalité spécialisée
Abstract
This thesis investigates the impact of energy-related uncertainty on global stock returns, utilizing the Energy-related Uncertainty Index (EUI) to measure uncertainty levels. Through a quantitative analysis of stock returns across Europe, Japan, and North America from 1996 to 2022, this study applies the Fama-French five-factor model alongside the EUI. Findings cannot conclude that energy-related uncertainty significantly influences the portfolio stock returns. This research contributes to understanding how energy market fluctuations driven by geopolitical and economic factors affect global financial markets.