Macroeconomic factors as the determinants of stock market return in Malaysia: multivariate cointegration and causality analysis / Noormahayu Mohd Nasir ... [et al.]

• Main Authors: Mohd Nasir, Noormahayu, Mohd Hassan, Norsilawati, Nasir, Zarul Azhar, Mohd Harun, Mohd Fauzi
• Format: Article
• Language: English
• Published: 2013
• Subjects: Investment, capital formation, speculation; Malaysia; Stock price indexes. Stock quotations; Kuala Lumpur. KLSE
• Online Access: https://ir.uitm.edu.my/id/eprint/61255/1/61255.pdf; https://ir.uitm.edu.my/id/eprint/61255/; http://myjms.mohe.gov.my/index.php/tifej
• Institution: Universiti Teknologi Mara

This paper investigates the factors that determine Stock Market Return (KLCI) in Malaysia for the period 1996-2011. Researcher employed KLCI to proxy for Malaysian stock market return. The determinant factors studied are based on lending rate (BLR), exchange rate (EXR), gross domestic product (GDP)...