The effects of macroeconomic indicators to Malaysian government bond yield from year 2008-2018

Purpose – The purpose of this paper is to demonstrate the effect of macroeconomic indicators namely towards the Malaysian government bond yield for a period from year 2008 until 2018. Design/Methodology/Approach – This study used static panel regression which includes pooled Ordinary Least Square (O...

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Main Author:	Nor Nadia Atiqah, Ahmad
Format:	Thesis
Language:	eng eng eng
Published:	2021
Subjects:	HG Finance HJ Public Finance
Online Access:	https://etd.uum.edu.my/10356/1/grant%20the%20permission_s818163.pdf https://etd.uum.edu.my/10356/2/s818163_01.pdf https://etd.uum.edu.my/10356/3/s818163_02.pdf
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id	my-uum-etd.10356
record_format	uketd_dc
spelling	my-uum-etd.103562023-03-01T08:36:44Z The effects of macroeconomic indicators to Malaysian government bond yield from year 2008-2018 2021 Nor Nadia Atiqah, Ahmad Hanafi, Norshafizah School of Economics, Finance & Banking School of Economics, Finance & Banking HG Finance HJ Public Finance Purpose – The purpose of this paper is to demonstrate the effect of macroeconomic indicators namely towards the Malaysian government bond yield for a period from year 2008 until 2018. Design/Methodology/Approach – This study used static panel regression which includes pooled Ordinary Least Square (OLS) model to analyse the effect of five macroeconomic indicators namely, Foreign Direct Investment (FDI), Consumer Price Index (CPI), Government Debt (GD), Short-Term Interest Rate (STIR) and Exchange Rate (FX) on Malaysian government bond yield. Findings – The finding supports the expected hypotheses that FX and GD are significant to explain Malaysia government bond yield. However, FDI, CPI and STIR have weak and no influences on government bond yield respectively which contradicted from the other researchers’ finding. Therefore, to ensure there are no theoretical problem occur, the diagnostic checking then is carried out to latent the unearth econometrics defect. Originality/value – This is an original study based on compilation of data from secondary sources. The findings will provide invaluable information on the determining the factors that may contribute to the movement in bond yield to financial regulatory policymakers, participation in bond market, institutional players and researchers. Further future study on bond market should incorporate the Islamic and conventional types of bonds as well as government and corporate bonds to understand the behaviour of different types of bond. In addition, future research should also consider other factors that could affect bond yield spread such as money supply. Extending this study to other market and incorporate other macroeconomic variablesis worth pursuing for additional literature. 2021 Thesis https://etd.uum.edu.my/10356/ https://etd.uum.edu.my/10356/1/grant%20the%20permission_s818163.pdf text eng staffonly https://etd.uum.edu.my/10356/2/s818163_01.pdf text eng public https://etd.uum.edu.my/10356/3/s818163_02.pdf text eng public other masters Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng eng
advisor	Hanafi, Norshafizah
topic	HG Finance HJ Public Finance
spellingShingle	HG Finance HJ Public Finance Nor Nadia Atiqah, Ahmad The effects of macroeconomic indicators to Malaysian government bond yield from year 2008-2018
description	Purpose – The purpose of this paper is to demonstrate the effect of macroeconomic indicators namely towards the Malaysian government bond yield for a period from year 2008 until 2018. Design/Methodology/Approach – This study used static panel regression which includes pooled Ordinary Least Square (OLS) model to analyse the effect of five macroeconomic indicators namely, Foreign Direct Investment (FDI), Consumer Price Index (CPI), Government Debt (GD), Short-Term Interest Rate (STIR) and Exchange Rate (FX) on Malaysian government bond yield. Findings – The finding supports the expected hypotheses that FX and GD are significant to explain Malaysia government bond yield. However, FDI, CPI and STIR have weak and no influences on government bond yield respectively which contradicted from the other researchers’ finding. Therefore, to ensure there are no theoretical problem occur, the diagnostic checking then is carried out to latent the unearth econometrics defect. Originality/value – This is an original study based on compilation of data from secondary sources. The findings will provide invaluable information on the determining the factors that may contribute to the movement in bond yield to financial regulatory policymakers, participation in bond market, institutional players and researchers. Further future study on bond market should incorporate the Islamic and conventional types of bonds as well as government and corporate bonds to understand the behaviour of different types of bond. In addition, future research should also consider other factors that could affect bond yield spread such as money supply. Extending this study to other market and incorporate other macroeconomic variablesis worth pursuing for additional literature.
format	Thesis
qualification_name	other
qualification_level	Master's degree
author	Nor Nadia Atiqah, Ahmad
author_facet	Nor Nadia Atiqah, Ahmad
author_sort	Nor Nadia Atiqah, Ahmad
title	The effects of macroeconomic indicators to Malaysian government bond yield from year 2008-2018
title_short	The effects of macroeconomic indicators to Malaysian government bond yield from year 2008-2018
title_full	The effects of macroeconomic indicators to Malaysian government bond yield from year 2008-2018
title_fullStr	The effects of macroeconomic indicators to Malaysian government bond yield from year 2008-2018
title_full_unstemmed	The effects of macroeconomic indicators to Malaysian government bond yield from year 2008-2018
title_sort	effects of macroeconomic indicators to malaysian government bond yield from year 2008-2018
granting_institution	Universiti Utara Malaysia
granting_department	School of Economics, Finance & Banking
publishDate	2021
url	https://etd.uum.edu.my/10356/1/grant%20the%20permission_s818163.pdf https://etd.uum.edu.my/10356/2/s818163_01.pdf https://etd.uum.edu.my/10356/3/s818163_02.pdf
_version_	1776103798872211456

The effects of macroeconomic indicators to Malaysian government bond yield from year 2008-2018

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