The impact of macroeconomic variables on the stock market return: evidence from Asia-Pacific / Nur Najah Nabilah Mohd Nasrudin

This study examined the relationship between macroeconomic variables; namely gross domestic product (GDP), index of industrial production (IIP), money supply (Ml), interest rate (INT) and consumer price index (CPI) with stock market returns. The selected stock markets are of countries within the Asi...

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Main Author:	Mohd Nasrudin, Nur Najah Nabilah
Format:	Thesis
Language:	English
Published:	2017
Subjects:	Macroeconomics
Online Access:	https://ir.uitm.edu.my/id/eprint/94094/1/94094.pdf
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id	my-uitm-ir.94094
record_format	uketd_dc
spelling	my-uitm-ir.940942024-05-28T15:43:19Z The impact of macroeconomic variables on the stock market return: evidence from Asia-Pacific / Nur Najah Nabilah Mohd Nasrudin 2017 Mohd Nasrudin, Nur Najah Nabilah Macroeconomics This study examined the relationship between macroeconomic variables; namely gross domestic product (GDP), index of industrial production (IIP), money supply (Ml), interest rate (INT) and consumer price index (CPI) with stock market returns. The selected stock markets are of countries within the Asia-Pacific financial hub. Out of all forty-five (45) countries within the Asia-Pacific region, researcher is able to collect sufficient data for eleven (1 1) countries which are Australia, India, Indonesia, Japan, Malaysia, Philippines, Russia, Singapore, Thailand and United States. These countries represented the whole population of Asia-Pacific stock markets in determining how macroeconomic variables will affect the market return. The data is collected for six (6) years and it is presented in a panel data. Researcher discovered that there is a significantly positive relationship between GDP and market return (MR) meanwhile the other two significant variables; Ml and CPI have an adverse impact on MR. The remaining two variables; IIP and INT were found to be insignificant in predicting the dependent variable in this study. Hopefully, the findings ascertained in this study could help personal or corporate investors in assessing and predicting the return of the investments with the macroeconomic determinants used. For further research, it is suggests that the researcher could examine other macroeconomic determinants of market return of the Asia-Pacific region or other stock markets such as the exchange rate, oil price and gold price. These new variables may help in obtaining more accurate and precise findings. 2017 Thesis https://ir.uitm.edu.my/id/eprint/94094/ https://ir.uitm.edu.my/id/eprint/94094/1/94094.pdf text en public degree Universiti Teknologi MARA, Johor Faculty of Business Management Basri, Basaruddin Shah Harman, Mohd Hakimi
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
advisor	Basri, Basaruddin Shah Harman, Mohd Hakimi
topic	Macroeconomics
spellingShingle	Macroeconomics Mohd Nasrudin, Nur Najah Nabilah The impact of macroeconomic variables on the stock market return: evidence from Asia-Pacific / Nur Najah Nabilah Mohd Nasrudin
description	This study examined the relationship between macroeconomic variables; namely gross domestic product (GDP), index of industrial production (IIP), money supply (Ml), interest rate (INT) and consumer price index (CPI) with stock market returns. The selected stock markets are of countries within the Asia-Pacific financial hub. Out of all forty-five (45) countries within the Asia-Pacific region, researcher is able to collect sufficient data for eleven (1 1) countries which are Australia, India, Indonesia, Japan, Malaysia, Philippines, Russia, Singapore, Thailand and United States. These countries represented the whole population of Asia-Pacific stock markets in determining how macroeconomic variables will affect the market return. The data is collected for six (6) years and it is presented in a panel data. Researcher discovered that there is a significantly positive relationship between GDP and market return (MR) meanwhile the other two significant variables; Ml and CPI have an adverse impact on MR. The remaining two variables; IIP and INT were found to be insignificant in predicting the dependent variable in this study. Hopefully, the findings ascertained in this study could help personal or corporate investors in assessing and predicting the return of the investments with the macroeconomic determinants used. For further research, it is suggests that the researcher could examine other macroeconomic determinants of market return of the Asia-Pacific region or other stock markets such as the exchange rate, oil price and gold price. These new variables may help in obtaining more accurate and precise findings.
format	Thesis
qualification_level	Bachelor degree
author	Mohd Nasrudin, Nur Najah Nabilah
author_facet	Mohd Nasrudin, Nur Najah Nabilah
author_sort	Mohd Nasrudin, Nur Najah Nabilah
title	The impact of macroeconomic variables on the stock market return: evidence from Asia-Pacific / Nur Najah Nabilah Mohd Nasrudin
title_short	The impact of macroeconomic variables on the stock market return: evidence from Asia-Pacific / Nur Najah Nabilah Mohd Nasrudin
title_full	The impact of macroeconomic variables on the stock market return: evidence from Asia-Pacific / Nur Najah Nabilah Mohd Nasrudin
title_fullStr	The impact of macroeconomic variables on the stock market return: evidence from Asia-Pacific / Nur Najah Nabilah Mohd Nasrudin
title_full_unstemmed	The impact of macroeconomic variables on the stock market return: evidence from Asia-Pacific / Nur Najah Nabilah Mohd Nasrudin
title_sort	impact of macroeconomic variables on the stock market return: evidence from asia-pacific / nur najah nabilah mohd nasrudin
granting_institution	Universiti Teknologi MARA, Johor
granting_department	Faculty of Business Management
publishDate	2017
url	https://ir.uitm.edu.my/id/eprint/94094/1/94094.pdf
_version_	1804889919539118080

The impact of macroeconomic variables on the stock market return: evidence from Asia-Pacific / Nur Najah Nabilah Mohd Nasrudin

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