Macroeconomic determinants of stock market performance: Evidences from a Malaysia and United States / Aqeel Mohtar and Shazlin Iryanti Saruddin

Mohtar, Aqeel and Saruddin, Shazlin Iryanti (2016) Macroeconomic determinants of stock market performance: Evidences from a Malaysia and United States / Aqeel Mohtar and Shazlin Iryanti Saruddin. Student Project. Faculty of Business Management, Bandaraya Melaka, Melaka. (Unpublished)

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Abstract

This study is focusing on the effect of macroeconomic determinants towards stock market performance in Malaysia and United States. The purpose of this study is to study the relationship between dependent variable and independent variables and identify the most significant factor that affecting the stock market performance in Malaysia and United States. The data are collected quarterly data from period of 1997:Q1 to 2015:Q4. The data are tested using Unit Root Test, Panel Data Regression and Diagnostic tests to find the relationship between macroeconomic determinants variables such as money supply, interest rates, exchange rates, gross domestic product and industrial production index towards Malaysia and United States stock market performance. The results obtained from Pool OLS estimation reveal that money supply, interest rate, gross domestic product and industrial production index have positive relationship on the stock market performance while exchange rate has negative relationship on the stock market performance. This shows that the United States and Malaysian stock market are sensitive to changes in the macroeconomic variables. Furthermore, based on the result, money supply is the most significant factor that affecting the stock market performance.

Item Type: Monograph (Student Project)
Uncontrolled Keywords: Stock market; Performance; Macroeconomic determinants
Subjects: H Social Sciences > HB Economic Theory. Demography > Macroeconomics
H Social Sciences > HB Economic Theory. Demography > Population research > Malaysia
Divisions: Universiti Teknologi MARA, Melaka > Bandaraya Melaka Campus > Faculty of Business Management
Depositing User: Admin Pendigitan 2 PTAR
Date Deposited: 26 Sep 2016 08:57
Last Modified: 26 Sep 2016 08:57
URI: http://ir.uitm.edu.my/id/eprint/14752

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