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A Study on the Integrated Property of A Chinese Petroleum Firm Stock Prices

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  • G. L. Zou

    (School of Tourism and Business, Chengdu University, Chengdu, China)

Abstract

This paper argues that a significant historical event (such as the PetroChina listing) may have been a shock to Chinese stock markets. Similar energy stock prices might not be mean-reverting. Applying trading data from 1997-2017 and the ADF, PP unit root and Perron break-point tests, this study suggests that the Geo Jade Petroleum stock prices are integrated of order one and trend-stationary. The date of the structural shift occurred in May 2007 is almost synchronously with that of the PetroChina listing event. The prices are not mean-reverting.

Suggested Citation

  • G. L. Zou, 2019. "A Study on the Integrated Property of A Chinese Petroleum Firm Stock Prices," Sumerianz Journal of Business Management and Marketing, Sumerianz Publication, vol. 2(1), pages 15-18, 01-2019.
    • Handle: RePEc:sum:sjbmms:2019:p:15-18
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    References listed on IDEAS

    as
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