An empirical investigation on the determinants of macroeconomics that influence the stock trade turnover ratio in Malaysia / Muhammad Izzuddin Ruslan

Ruslan, Muhammad Izzuddin (2015) An empirical investigation on the determinants of macroeconomics that influence the stock trade turnover ratio in Malaysia / Muhammad Izzuddin Ruslan. [Student Project] (Unpublished)

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Abstract

This paper studies the relationship between macroeconomic factors and the stock trade turnover ratio in Malaysia using survey from World Bank Data for 1993 until 2012. We argued in determine a favorable functional form of turnover ratio for stock trade for each year, thus, applying the time series of the model parameter in term of macroeconomics factors as this better allow us to take into account unaffected variables in the time series. Estimates from model that relate the stock trade turnover ratio to the selected variables in first differences is Inflation, Consumer Price Index and Exchange rate have significant effect on the stock trade turnover ratio. Compared to the commonly used method of modeling the turnover ratio of stock trade directly, our approach indicates that there was no clear cut relationship between macroeconomic factors and stocks trade turnover ratio in Malaysia for the last 20 years.

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Item Type: Student Project
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Ruslan, Muhammad Izzuddin
UNSPECIFIED
Subjects: H Social Sciences > HB Economic Theory. Demography > Macroeconomics
H Social Sciences > HC Economic History and Conditions > Income. Income distribution. National income. Including gross national product, gross domestic product, and gross state product
H Social Sciences > HG Finance > Investment, capital formation, speculation > Stock exchanges. Insider trading in securities
Divisions: Universiti Teknologi MARA, Melaka > Bandaraya Melaka Campus > Faculty of Business and Management
Item ID: 25667
Uncontrolled Keywords: Inflation; Consumer price index; Exchange rate; Macroeconomic; World Bank
URI: https://ir.uitm.edu.my/id/eprint/25667

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