The impact of macroeconomic variables on stock market price in Malaysia / Nor Faezah Awang

The impact of macroeconomic variables on stock market price in Malaysia / Nor Faezah Awang

The key objective of the study is to investigate the relationship between stock market price and macroeconomic variables in Malaysia using annually data over the period from 2002 until 2014 for four macroeconomic variables such as interest rate, inflation rate, exchange rate and industry production....

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Bibliographic Details
Main Author: Awang, Nor Faezah
Format: Student Project
Language:English
Published: 2016
Subjects:
HB Economic Theory. Demography
Macroeconomics
HG Finance
Interest rates
Money supply
Investment, capital formation, speculation
Stock price indexes. Stock quotations
Online Access:https://ir.uitm.edu.my/id/eprint/75381/1/75381.pdf
https://ir.uitm.edu.my/id/eprint/75381/
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Institution: Universiti Teknologi Mara
Language: English
Description
Summary:The key objective of the study is to investigate the relationship between stock market price and macroeconomic variables in Malaysia using annually data over the period from 2002 until 2014 for four macroeconomic variables such as interest rate, inflation rate, exchange rate and industry production. The methodology used in this study such as Descriptive statistics, Pearson Correlation, Pools Ordinary Least Square Model (POLS), Random Effect Model (REM), Breush and Pagan Lagrangian Multiplier (LM) Test, Fixed Effect Model (FEM) and Hausman Fixed Test from a panel data model. In the finding, Random Effect Model (REM) has been chosen to describe the real result from the data. The results showed only the interest rate insignificant towards stock price, while the inflation rate, exchange rate and industry production significant with stock price in Malaysia.

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