Wan Mahmood, Wan Mansor and Mohd Yusoff, Zetty Zahureen
(2006)
The money market sensitivity on the stock market / Wan Mansor Wan Mahmood and Zetty Zahureen Mohd Yusoff.
Social and Management Research Journal (SMRJ), 3 (2).
pp. 85-95.
ISSN 1675-7017
Official URL: https://smrj.uitm.edu.my/
Abstract
This paper employs the cointegration tests and error correction model to investigate the impact ofeasing money market on stock returns in Malaysia following the Asian financial crisis during 1997 to 2000. The monthly data on
Kuala Lumpur Interbank Offer Rates (KLIBOR), the monthly closing of Kuala Lumpur Composite Index (KLCI) andthe sector indexes - construction, consumer product, finance, industrial product, plantation, properties, mining, andtrading andservices, from January I, 1997 to December 31,2000 are used. The results suggest that there is long-term relationship between KLlBOR andsub sample 2,
KLlBOR and constructions, KLlBOR and properties, and KLlBOR and mining.
Metadata
| Item Type: | Article |
|---|---|
| Creators: | Creators Email / ID Num. Wan Mahmood, Wan Mansor dwanmans@tganu.uitm.edu.my Mohd Yusoff, Zetty Zahureen UNSPECIFIED |
| Subjects: | H Social Sciences > HG Finance > Money H Social Sciences > HG Finance > Investment, capital formation, speculation > Stock exchanges. Insider trading in securities > Malaysia |
| Divisions: | |
| Journal or Publication Title: | Social and Management Research Journal (SMRJ) |
| UiTM Journal Collections: | UiTM Journal > Social and Management Research Journal (SMRJ) |
| ISSN: | 1675-7017 |
| Volume: | 3 |
| Number: | 2 |
| Page Range: | pp. 85-95 |
| Keywords: | Cointegration test, error correction model, inflation rates, equity prices. |
| Date: | 2006 |
| URI: | https://ir.uitm.edu.my/id/eprint/13013 |
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