The impact of announcement of changes in the overnight rates of the Bangko Sentral ng Pilipinas on the stock returns of publicly listed universal and commercial banks in the Philippine stock exchange from 2003-2008

Based on Madura and Schnusenberg's (2000) study entitled Effect of Federal Reserve Policies on Bank Equity Returns, this paper investigated the impact of announcement of changes in the overnight borrowing rate and the overnight lending rate of the Bangko Sentral ng Pilipinas on the stock return...

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Main Authors:	Escoto, Anna Patricia R., Hugo, Jeffrey B.
Format:	text
Language:	English
Published:	Animo Repository 2008
Subjects:	Banks and banking > Philippines Interest rates > Philippines Rate of return > Philippines Stock exchange > Philippines Central Bank of the Philippines
Online Access:	https://animorepository.dlsu.edu.ph/etd_bachelors/17486
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Institution:	De La Salle University
Language:	English

id	oai:animorepository.dlsu.edu.ph:etd_bachelors-17999
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spelling	oai:animorepository.dlsu.edu.ph:etd_bachelors-179992022-02-07T02:33:06Z The impact of announcement of changes in the overnight rates of the Bangko Sentral ng Pilipinas on the stock returns of publicly listed universal and commercial banks in the Philippine stock exchange from 2003-2008 Escoto, Anna Patricia R. Hugo, Jeffrey B. Based on Madura and Schnusenberg's (2000) study entitled Effect of Federal Reserve Policies on Bank Equity Returns, this paper investigated the impact of announcement of changes in the overnight borrowing rate and the overnight lending rate of the Bangko Sentral ng Pilipinas on the stock returns of publicly listed universal and commercial banks in the Philippine Stock Exchange, covering the period from January 2003 to April 2008, using monthly data. It was found announcements of changes in the overnight rates generally do not have an impact on stock returns of banks. Further examination using daily data still yielded significant results. 2008-01-01T08:00:00Z text https://animorepository.dlsu.edu.ph/etd_bachelors/17486 Bachelor's Theses English Animo Repository Banks and banking--Philippines Interest rates--Philippines Rate of return--Philippines Stock exchange--Philippines Central Bank of the Philippines
institution	De La Salle University
building	De La Salle University Library
continent	Asia
country	Philippines Philippines
content_provider	De La Salle University Library
collection	DLSU Institutional Repository
language	English
topic	Banks and banking--Philippines Interest rates--Philippines Rate of return--Philippines Stock exchange--Philippines Central Bank of the Philippines
spellingShingle	Banks and banking--Philippines Interest rates--Philippines Rate of return--Philippines Stock exchange--Philippines Central Bank of the Philippines Escoto, Anna Patricia R. Hugo, Jeffrey B. The impact of announcement of changes in the overnight rates of the Bangko Sentral ng Pilipinas on the stock returns of publicly listed universal and commercial banks in the Philippine stock exchange from 2003-2008
description	Based on Madura and Schnusenberg's (2000) study entitled Effect of Federal Reserve Policies on Bank Equity Returns, this paper investigated the impact of announcement of changes in the overnight borrowing rate and the overnight lending rate of the Bangko Sentral ng Pilipinas on the stock returns of publicly listed universal and commercial banks in the Philippine Stock Exchange, covering the period from January 2003 to April 2008, using monthly data. It was found announcements of changes in the overnight rates generally do not have an impact on stock returns of banks. Further examination using daily data still yielded significant results.
format	text
author	Escoto, Anna Patricia R. Hugo, Jeffrey B.
author_facet	Escoto, Anna Patricia R. Hugo, Jeffrey B.
author_sort	Escoto, Anna Patricia R.
title	The impact of announcement of changes in the overnight rates of the Bangko Sentral ng Pilipinas on the stock returns of publicly listed universal and commercial banks in the Philippine stock exchange from 2003-2008
title_short	The impact of announcement of changes in the overnight rates of the Bangko Sentral ng Pilipinas on the stock returns of publicly listed universal and commercial banks in the Philippine stock exchange from 2003-2008
title_full	The impact of announcement of changes in the overnight rates of the Bangko Sentral ng Pilipinas on the stock returns of publicly listed universal and commercial banks in the Philippine stock exchange from 2003-2008
title_fullStr	The impact of announcement of changes in the overnight rates of the Bangko Sentral ng Pilipinas on the stock returns of publicly listed universal and commercial banks in the Philippine stock exchange from 2003-2008
title_full_unstemmed	The impact of announcement of changes in the overnight rates of the Bangko Sentral ng Pilipinas on the stock returns of publicly listed universal and commercial banks in the Philippine stock exchange from 2003-2008
title_sort	impact of announcement of changes in the overnight rates of the bangko sentral ng pilipinas on the stock returns of publicly listed universal and commercial banks in the philippine stock exchange from 2003-2008
publisher	Animo Repository
publishDate	2008
url	https://animorepository.dlsu.edu.ph/etd_bachelors/17486
_version_	1772835167368380416

The impact of announcement of changes in the overnight rates of the Bangko Sentral ng Pilipinas on the stock returns of publicly listed universal and commercial banks in the Philippine stock exchange from 2003-2008

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