Will it matter?: An empirical analysis on how the period of presidential elections affect the stock market and the value of currency in the Philippines

The research objective is to answer the question: How did the Philippine presidential elections from the year 1997-2016 affect the relationship of the Philippine Stock Market index and the Philippine peso against the U.S dollar? To empirically answer the question, the proponents used vector autoregr...

Full description

Saved in:
Bibliographic Details
Main Authors: Castanos, Timothy Neal D., Peregrino, Marc Daniel D.
Format: text
Language:English
Published: Animo Repository 2017
Subjects:
Online Access:https://animorepository.dlsu.edu.ph/etd_bachelors/9030
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: De La Salle University
Language: English
id oai:animorepository.dlsu.edu.ph:etd_bachelors-9675
record_format eprints
spelling oai:animorepository.dlsu.edu.ph:etd_bachelors-96752021-08-21T14:44:33Z Will it matter?: An empirical analysis on how the period of presidential elections affect the stock market and the value of currency in the Philippines Castanos, Timothy Neal D. Peregrino, Marc Daniel D. The research objective is to answer the question: How did the Philippine presidential elections from the year 1997-2016 affect the relationship of the Philippine Stock Market index and the Philippine peso against the U.S dollar? To empirically answer the question, the proponents used vector autoregression with the Granger causality test for the major statistical analysis. Daily data was used specifically for every weekday from 1997-2016 for the reason of needing to have parallel data from the PSEi and USD/PHP variables. The outcome of the study suggests that for the given time period, the presidential elections did not have a significant effect on the relationship of the PSEi and USD/PHP values for 3 months before and after, and 6 months before and after. Lastly, the results showed that there was indeed a Granger causality from USD/PHP values to the PSEi across the whole period of the study, with USD/PHP leading PSEi. 2017-01-01T08:00:00Z text https://animorepository.dlsu.edu.ph/etd_bachelors/9030 Bachelor's Theses English Animo Repository Stock exchanges and current events--Philippines Finance and Financial Management
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 Stock exchanges and current events--Philippines
Finance and Financial Management
spellingShingle Stock exchanges and current events--Philippines
Finance and Financial Management
Castanos, Timothy Neal D.
Peregrino, Marc Daniel D.
Will it matter?: An empirical analysis on how the period of presidential elections affect the stock market and the value of currency in the Philippines
description The research objective is to answer the question: How did the Philippine presidential elections from the year 1997-2016 affect the relationship of the Philippine Stock Market index and the Philippine peso against the U.S dollar? To empirically answer the question, the proponents used vector autoregression with the Granger causality test for the major statistical analysis. Daily data was used specifically for every weekday from 1997-2016 for the reason of needing to have parallel data from the PSEi and USD/PHP variables. The outcome of the study suggests that for the given time period, the presidential elections did not have a significant effect on the relationship of the PSEi and USD/PHP values for 3 months before and after, and 6 months before and after. Lastly, the results showed that there was indeed a Granger causality from USD/PHP values to the PSEi across the whole period of the study, with USD/PHP leading PSEi.
format text
author Castanos, Timothy Neal D.
Peregrino, Marc Daniel D.
author_facet Castanos, Timothy Neal D.
Peregrino, Marc Daniel D.
author_sort Castanos, Timothy Neal D.
title Will it matter?: An empirical analysis on how the period of presidential elections affect the stock market and the value of currency in the Philippines
title_short Will it matter?: An empirical analysis on how the period of presidential elections affect the stock market and the value of currency in the Philippines
title_full Will it matter?: An empirical analysis on how the period of presidential elections affect the stock market and the value of currency in the Philippines
title_fullStr Will it matter?: An empirical analysis on how the period of presidential elections affect the stock market and the value of currency in the Philippines
title_full_unstemmed Will it matter?: An empirical analysis on how the period of presidential elections affect the stock market and the value of currency in the Philippines
title_sort will it matter?: an empirical analysis on how the period of presidential elections affect the stock market and the value of currency in the philippines
publisher Animo Repository
publishDate 2017
url https://animorepository.dlsu.edu.ph/etd_bachelors/9030
_version_ 1712577068022104064