Determinants of stock returns in BRICS countries / Muhammad Naim Ramli, A’tiqah Rashidah Abu Samah and Roseziahazni Abdul Ghani

Ramli, Muhammad Naim and Abu Samah, A’tiqah Rashidah and Abdul Ghani, Roseziahazni (2017) Determinants of stock returns in BRICS countries / Muhammad Naim Ramli, A’tiqah Rashidah Abu Samah and Roseziahazni Abdul Ghani. Terengganu International Finance and Economics Journal (TIFEJ), 5 (1). pp. 14-24. ISSN 2232-0539

Abstract

This paper investigates on determinants of stock return for BRICS countries. The relationship between stock market return and macroeconomic variables can be used to make nation’s macroeconomic policies and the performance of stock return can be a benchmark for a country to highlight the country is in well economic condition or not. This paper employs the test on pooled data from 2011 to 2015 on monthly basis, to examine the factors that affect stock return the most. Exchange rate, money supply, inflation and trade are selected as the macroeconomics variables factors that affect stock market return. All these factors lead to strong significant relationship towards stock market return by present or doing well towards each factor.

Metadata

Item Type: Article
Creators:
Creators
Email / ID Num.
Ramli, Muhammad Naim
muhammadnaim7046@gmail.com
Abu Samah, A’tiqah Rashidah
UNSPECIFIED
Abdul Ghani, Roseziahazni
UNSPECIFIED
Subjects: H Social Sciences > HG Finance > Money > Money and prices. Inflation. Deflation. Purchasing power
H Social Sciences > HG Finance > Investment, capital formation, speculation
H Social Sciences > HG Finance > Investment, capital formation, speculation > Stock exchanges. Insider trading in securities
Divisions: Universiti Teknologi MARA, Terengganu > Dungun Campus > Faculty of Business and Management
Journal or Publication Title: Terengganu International Finance and Economics Journal (TIFEJ)
UiTM Journal Collections: Others > Terengganu International Finance and Economics Journal (TIFEJ)
ISSN: 2232-0539
Volume: 5
Number: 1
Page Range: pp. 14-24
Keywords: Stock Return; Exchange Rate; Money Supply; CPI; Trade
Date: 2017
URI: https://ir.uitm.edu.my/id/eprint/61429
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