The stock market and investment growth: Empirical evidence from selected economies, 1997-2006
The study investigates the effect of stock prices on investment growth using panel data analysis of selected Asian countries namely: Australia, Hong Kong Special Administrative Region, Indonesia, Japan, Korea, Malaysia, New Zealand, Philippines, Singapore, Sri Lanka and Thailand. Results show that t...
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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
| Published: |
Animo Repository
2010
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| Subjects: | |
| Online Access: | https://animorepository.dlsu.edu.ph/etd_bachelors/18349 |
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| Institution: | De La Salle University |
| Language: | English |
| Summary: | The study investigates the effect of stock prices on investment growth using panel data analysis of selected Asian countries namely: Australia, Hong Kong Special Administrative Region, Indonesia, Japan, Korea, Malaysia, New Zealand, Philippines, Singapore, Sri Lanka and Thailand. Results show that the stock price is insignificant towards investment growth. A more thorough analysis of the said results reveals that the stock market development is insignificant in influencing the sensitivity of investment growth towards stock prices which is contrary to the priori expectation. The results deviate from the existing literature in that the stock prices do not substantively influence the trends in the investment growth of the selected Asian economies. |
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