Factor Affecting Vietnam Stock Price

IMPACT OF MACROECONOMIC INDICATORS ON Vietnamese STOCK PRICES KHALED HUSSAINEY1 University of Stirling and LE KHANH NGOC The University of block and Social Affairs Journal of guess Finance Volume 4, Forthcoming, 2009 1 Correspondence should be addressed to: Dr. Khaled Hussainey; Division of score & Finance, Stirling Management School, The University of Stirling, Stirling FK9 4LA, UK. Email: Khaled.Hussainey@stir.ac.uk. Abstract foundation: We investigate the effects of macroeconomic indicators (interest rate and industrial production) on Vietnamese behave prices. We in any case analyse how US macroeconomic indicators encounter Vietnamese stock prices. methodological analysis: We use monthly clip series data application program the period January 2001 to April 2008. We follow the methodological analysis introduced by Nasseh and Strauss (2000) and Canova and De Nicolo (1995) to investigate the linkage between stock prices and macroeconomic indicators. Findings: We provide the first empiric evidence that in that location is a statistically significant associations between home(prenominal) production sector, money market and stock prices in Viet Nam. Another figment finding is that the US macroeconomic fundamentals significantly come to Vietnamese stock prices.

Finally, our results show that the influence of the US real sector is turn out to be stronger than that of money market. Originality: Since foregoing research has focused on developed economies, we strongly believe that our authorship provides a novel persona to finance literature as we are the first to examine this issue in Viet Nam. mix: Research paper Keywords: macroeconomic indicators; Viet Nam; US markets; emerging markets; developing countries. 1 1. Introduction at that place are longstanding academic studies which prove that macroeconomic indicators move stock prices. To date, however, there is limited research on how these indicators affect emerging stock markets. Fama (1981) finds a significant relationship...If you hope to force back a full essay, order it on our website: Orderessay

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