Oil prices and stock markets in GCC countries: new evidence from nonlinear cointegration analysis

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Correlations and volatility spillovers across commodity and stock markets: Linking energies, food, and gold (2013, background): “Maghyereh and Al-Kandari (2007) used nonparametric rank tests for nonlinear co-integration analysis and concluded that oil prices directly impact the stock price indices in the GCC countries in a nonlinear fashion.”
Conditional correlations and volatility spillovers between crude oil and stock index returns (2010, unknown): “Maghyereh and Al-Kandari (2007) apply nonlinear cointegration analysis to examine the linkage between oil prices and stock markets in GCC countries.”
Forecasting the conditional volatility of oil spot and futures prices with structural breaks and long memory models (2012, background): “Moreover, some recent studies have consistently documented that oil price changes affect economic activity and stock market returns in a nonlinear fashion (Ciner, 2001; Maghyereh and Al-Kandari, 2007; Zhang, 2008; Lardic and Mignon, 2008; Cologni and Manera, 2009).”