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 tote and Social Affairs Journal of Risk finance Volume 4, Forthcoming, 2009 1 Correspondence should be addressed to: Dr. Khaled Hussainey; class of Accounting & Finance, Stirling Management School, The University of Stirling, Stirling FK9 4LA, UK. Email: Khaled.Hussainey@stir.ac.uk. Abstract excogitation: We check over the effects of macroeconomic indicators (interest rate and industrial production) on Vietnamese stock prices. We also examine how US macroeconomic indicators necessitate Vietnamese stock prices. Methodology: We use monthly snip series data covering the period January 2001 to April 2008. We follow the methodology 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 empirical evidence that there is a statistically significant associations between domestic production welkin, silver foodstuff and stock prices in Viet Nam. Another novel determination 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 proven to be stronger than that of money market. Originality: Since preliminary research has centre on developed economies, we strongly believe that our constitution provides a novel contribution to finance literature as we are the first to examine this issue in Viet Nam. potpourri: look for paper Keywords: macroeconomic indicators; Viet Nam; US markets; emerging markets; dev! eloping countries. 1 1. Introduction at that place are longstanding faculty member studies which prove that macroeconomic indicators move stock prices. To date, however, there is control research on how these indicators affect emerging stock markets. Fama (1981) finds a significant relationship...If you want to force back a generous essay, order it on our website: OrderEssay.net

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