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 [Student Project] (Unpublished)

Download

[thumbnail of PPb_AQEEL MOHTAR BM 16_5.pdf] Text
PPb_AQEEL MOHTAR BM 16_5.pdf

Download (403kB)

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.

Metadata

Item Type: Student Project
Creators:
Creators
Email
Mohtar, Aqeel
UNSPECIFIED
Saruddin, Shazlin Iryanti
UNSPECIFIED
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 and Management
Item ID: 14752
Uncontrolled Keywords: Stock market; Performance; Macroeconomic determinants
URI: https://ir.uitm.edu.my/id/eprint/14752

Fulltext

Fulltext is available at:
  • Library Terminal Workstation (Digital Format) - Accessible via UiTM Libraries
  • ID Number

    14752

    Indexing


    View in Google Scholar

    Edit Item
    Edit Item