The causal relationship between salmon prices and share prices. Price analysis on the Oslo Stock Exchange
Atlantic salmon ((Salmo salar, Linneaus,1758)) is a commodity traded globally and salmon exports are one of the main sources of income for Norway. Despite the great growth both in supply and the demand in the last decades, there is still a substantial variability in industry profits level and an imp...
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UiT The Arctic University of Norway
2013
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ftunivtroemsoe:oai:munin.uit.no:10037/5913 2023-05-15T15:32:35+02:00 The causal relationship between salmon prices and share prices. Price analysis on the Oslo Stock Exchange Carreira, Raquel Mosquera 2013-11-22 https://hdl.handle.net/10037/5913 eng eng UiT The Arctic University of Norway UiT Norges arktiske universitet https://hdl.handle.net/10037/5913 URN:NBN:no-uit_munin_5606 openAccess Copyright 2013 The Author(s) Salmon prices share prices causality volatility efficient market hypothesis VDP::Landbruks- og Fiskerifag: 900::Fiskerifag: 920::Andre fiskerifag: 929 VDP::Agriculture and fishery disciplines: 900::Fisheries science: 920::Other fisheries disciplines: 929 FSK-3910 Master thesis Mastergradsoppgave 2013 ftunivtroemsoe 2021-06-25T17:53:47Z Atlantic salmon ((Salmo salar, Linneaus,1758)) is a commodity traded globally and salmon exports are one of the main sources of income for Norway. Despite the great growth both in supply and the demand in the last decades, there is still a substantial variability in industry profits level and an important part of such variability is due to fluctuation in salmon prices. This Master Thesis analyse whether this fluctuation is cause of the variability in share prices, for salmon producer companies listed on the Oslo Stock Exchange (OSE) ,or by the contrary, if the fluctuation in share prices influences the salmon price oscillations. The companies analyzed were Marine harvest, Lerøy, Salmar and Cermaq, and the causal direction were tested using the Granger causality test. Overall, test results indicate that share prices have influence on salmon prices for Salmar, Marine Harvest and Lerøy. However, there is no a clear influence in the case of Cermaq. Analysing the other direction of causality, the salmon prices only influence the share prices for Salmar and Lerøy, but Marine Harvest and Cermaq are not affected by the salmon prices. Master Thesis Atlantic salmon Salmo salar University of Tromsø: Munin Open Research Archive Norway |
institution |
Open Polar |
collection |
University of Tromsø: Munin Open Research Archive |
op_collection_id |
ftunivtroemsoe |
language |
English |
topic |
Salmon prices share prices causality volatility efficient market hypothesis VDP::Landbruks- og Fiskerifag: 900::Fiskerifag: 920::Andre fiskerifag: 929 VDP::Agriculture and fishery disciplines: 900::Fisheries science: 920::Other fisheries disciplines: 929 FSK-3910 |
spellingShingle |
Salmon prices share prices causality volatility efficient market hypothesis VDP::Landbruks- og Fiskerifag: 900::Fiskerifag: 920::Andre fiskerifag: 929 VDP::Agriculture and fishery disciplines: 900::Fisheries science: 920::Other fisheries disciplines: 929 FSK-3910 Carreira, Raquel Mosquera The causal relationship between salmon prices and share prices. Price analysis on the Oslo Stock Exchange |
topic_facet |
Salmon prices share prices causality volatility efficient market hypothesis VDP::Landbruks- og Fiskerifag: 900::Fiskerifag: 920::Andre fiskerifag: 929 VDP::Agriculture and fishery disciplines: 900::Fisheries science: 920::Other fisheries disciplines: 929 FSK-3910 |
description |
Atlantic salmon ((Salmo salar, Linneaus,1758)) is a commodity traded globally and salmon exports are one of the main sources of income for Norway. Despite the great growth both in supply and the demand in the last decades, there is still a substantial variability in industry profits level and an important part of such variability is due to fluctuation in salmon prices. This Master Thesis analyse whether this fluctuation is cause of the variability in share prices, for salmon producer companies listed on the Oslo Stock Exchange (OSE) ,or by the contrary, if the fluctuation in share prices influences the salmon price oscillations. The companies analyzed were Marine harvest, Lerøy, Salmar and Cermaq, and the causal direction were tested using the Granger causality test. Overall, test results indicate that share prices have influence on salmon prices for Salmar, Marine Harvest and Lerøy. However, there is no a clear influence in the case of Cermaq. Analysing the other direction of causality, the salmon prices only influence the share prices for Salmar and Lerøy, but Marine Harvest and Cermaq are not affected by the salmon prices. |
format |
Master Thesis |
author |
Carreira, Raquel Mosquera |
author_facet |
Carreira, Raquel Mosquera |
author_sort |
Carreira, Raquel Mosquera |
title |
The causal relationship between salmon prices and share prices. Price analysis on the Oslo Stock Exchange |
title_short |
The causal relationship between salmon prices and share prices. Price analysis on the Oslo Stock Exchange |
title_full |
The causal relationship between salmon prices and share prices. Price analysis on the Oslo Stock Exchange |
title_fullStr |
The causal relationship between salmon prices and share prices. Price analysis on the Oslo Stock Exchange |
title_full_unstemmed |
The causal relationship between salmon prices and share prices. Price analysis on the Oslo Stock Exchange |
title_sort |
causal relationship between salmon prices and share prices. price analysis on the oslo stock exchange |
publisher |
UiT The Arctic University of Norway |
publishDate |
2013 |
url |
https://hdl.handle.net/10037/5913 |
geographic |
Norway |
geographic_facet |
Norway |
genre |
Atlantic salmon Salmo salar |
genre_facet |
Atlantic salmon Salmo salar |
op_relation |
https://hdl.handle.net/10037/5913 URN:NBN:no-uit_munin_5606 |
op_rights |
openAccess Copyright 2013 The Author(s) |
_version_ |
1766363072621969408 |