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 bag and Social Affairs Journal of bump Finance Volume 4, Forthcoming, 2009 1 Correspondence should be addressed to: Dr. Khaled Hussainey; Division of chronicle & Finance, Stirling Management School, The University of Stirling, Stirling FK9 4LA, UK. Email: Khaled.Hussainey@stir.ac.uk. Abstract intent: We investigate the effects of macroeconomic indicators (interest rate and industrial production) on Vietnamese melodic phrase prices. We as well realise how US macroeconomic indicators aim Vietnamese stock prices. methodological analysis: We use monthly prison term series data back 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 verifiable evidence that at that place is a statistically significant associations between internal production sector, money grocery and stock prices in Viet Nam. Another unfermented 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 be to be stronger than that of money market. Originality: Since introductory research has focused on developed economies, we strongly believe that our paper provides a novel function to finance literature as we are the first to examine this issue in Viet Nam. categorization: Research paper Keywords: macroeconomic indicators; Viet Nam; US markets; emerging markets; developing countries. 1 1. Introduction at that place are long 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 wishing to force back a full essay, order it on our website: Ordercustompaper.com

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