Measuring the intrinsic value of the Philippine Stock Exchange index using a modified discounted residual income model and its granger causal relationship with the GDP for the period 2000-2014

Measuring the intrinsic value of the Philippine Stock Exchange index using a modified discounted residual income model and its granger causal relationship with the GDP for the period 2000-2014

This research attempts to measure the wealth effect in the Philippines by computing for the true value of the Philippine Stock Exchange Index and its causal effect on the Gross Domestic Product. For 2000-2014, 16 publicly-traded firms listed on the index will be analyzed to see whether or not invest...

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Bibliographic Details
Main Authors: Francisco, Arianne T., Motas, Kevin Earl Nathaniel F., Que, Winona V., Ting, Kate Jennifer C.
Format: text
Language:English
Published: Animo Repository 2016
Subjects:
Stock exchanges > Philippines
Value
Finance and Financial Management
Online Access:https://animorepository.dlsu.edu.ph/etd_bachelors/9024
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Institution: De La Salle University
Language: English
Description
Summary:This research attempts to measure the wealth effect in the Philippines by computing for the true value of the Philippine Stock Exchange Index and its causal effect on the Gross Domestic Product. For 2000-2014, 16 publicly-traded firms listed on the index will be analyzed to see whether or not investors in the Philippines have greater spending power that should be reflected in the stock market performance, and then if the trends are reflective of the future direction of the wealth and economy of the country.

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