Research on the Influence of Crude Oil Price and RMB Exchange Rate on the Performance of Refining Enterprises
Taking Sinopec,Shanghai Petrochemical,Hengli Petrochemical and Rongsheng Petrochemical as samples,the influ-ence of crude oil price and RMB exchange rate on the performance of refining enterprises are analyzed through VAR modeling.The strategies and suggestions are derived in the aspects of policies and business operations.
crude oil priceRMB exchange rateenterprise performanceVAR modelvariance decompositionstrategies and suggestions