Abstract
The aim of this study is to investigate the impact of crude oil prices on the profitability performance of sector using data on companies in the stock exchange of Thailand from 2001 to 2010. We employ the method of panel data regression. The study reveals significant fixed effects which imply that traditional least square lead to endogeneity problem, the study employ the fixed and random effects models. We find that the oil prices have significant impact on profit of energy and food sectors. Our contribution to the literature is impact of oil prices on firm profitability performance is in the same direction as the impact of oil prices on stock returns.
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