Acceso al sitio web del Consejo de Políticas de Infraestructura

   
ARTÍCULO
TITULO

The Effect of Macroeconomic Variables On Stock Returns on Dhaka Stock Exchange

Muhammed Monjurul Quadir    

Resumen

This article investigates the effects of macroeconomic variables of treasury bill interest rate and industrial production on stock returns on Dhaka Stock Exchange for the period between January 2000 and February 2007 on the basis of monthly time series data using Autoregressive Integrated Moving Average (ARIMA) model. The paper has taken the overall market stock returns as an independent variable. It does not consider the stock returns of different companies separately. Though the ARIMA model finds a positive relationship between Treasury bill interest rate and industrial production with market stock returns but the coefficients have turned out to be statistically insignificant.Keywords: Stock Returns; Macroeconomic Variables; Autoregressive Integrated Moving Average.JEL Classifications: D11; E32; E37; G12; G32

PÁGINAS
pp. 480 - 487
MATERIAS
ECONOMÍA

 Artículos similares

       
 
Agung Masyad Fawzi,Sunarti Sunarti     Pág. 65 - 80
Abstract: This study investigated the influence of financial ratios on company?s performance in Malaysia and Indonesia F&B industry period 2011 ? 2018. The samples generated 37 F&B companies and 12 F&B companies listed on Bursa Malaysia ... ver más
Revista: Jurnal Economia

 
Dedi Rusdi,Indri Kartika,Maya Indriastuti     Pág. 81 - 90
Abstract: This study examined the role of good corporate governance and investment opportunity set in maintaining firm performance. This study's sample population comprised 240 manufacturing companies listed on the Indonesia Stock Exchange from 2016... ver más
Revista: Jurnal Economia

 
Tarek Eldomiaty, Islam Azzam, Mostafa Fouad and Yasmeen Said    
The progress of financial markets depends on the way world investors foresee the market potential of the country of choice. Countries that are associated with favorable economic incentives are able to motivate investments in their respective stock market... ver más

 
Li Zhao, Nathee Naktnasukanjn, Ahmad Yahya Dawod and Bin Zhang    
The efficient capital markets hypothesis (EMH) posits that security prices incorporate all available information in capital markets. Nevertheless, real stock markets often exhibit speculative behavior due to information asymmetry and the limited rational... ver más

 
Asmâa Alaoui Taib and Safae Benfeddoul    
This study empirically tests and compares the performances of three famous financial asset valuation models in the Moroccan stock exchange: CAPM, the Fama and French three-factor model, and the Fama and French five-factor model. Our sample considers mont... ver más