Relationship between stock prices and macroeconomic variables in selected Asian markets.

• Main Author: Sim, Hsien Hui.
• Other Authors: Ramin Cooper Maysami
• Format: Theses and Dissertations
• Language: English
• Published: 2008
• Subjects: DRNTU::Business::Finance::Equity
• Online Access: http://hdl.handle.net/10356/7662
• Institution: Nanyang Technological University

This paper employs the Error-Correction Modeling using Hendry's (1986) General-to-Specific approach to examine the short and long run relationships between five macroeconomic variables and the stock returns of Singapore, Malaysia, Japan, Hong Kong, Thailand and South Korea. The macroeconomic va...