미국 금 선물가격 변화가 한국 금 관련 기업 가치에 미치는 영향에 관한 실증적 연구

다국어 초록 (Multilingual Abstract)

This article examine on the United States gold futures price change impact on the South Korean gold-related on corporate value. For this purpose, we employ the vector-autoregression, impulse response function and variance decomposition, Granger causality test using daily data on the United States gold futures price and the South Korean gold-related on corporate value. The sample period is covering from January 4, 2010 to September 27, 2013.
This research showed following main results. First, from basic statistic analysis, both the United States gold futures price and the South Korean gold-related on corporate value have unit roots.
Second, there is at least one cointegration between them. In addition, we find that the United States gold futures price change Granger Cause the South Korean gold-related on corporate value change.

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