Luận văn thạc sĩ the impact of macroeconomic indicators on stock prices in vietnam , luận văn thạc sĩ
➤ Gửi thông báo lỗi ⚠️ Báo cáo tài liệu vi phạmNội dung chi tiết: Luận văn thạc sĩ the impact of macroeconomic indicators on stock prices in vietnam , luận văn thạc sĩ
Luận văn thạc sĩ the impact of macroeconomic indicators on stock prices in vietnam , luận văn thạc sĩ
UNIVERSITY OF ECONOMICS HO CHI MINH CH YInternational School of BusinessHUYNH THANH DUNGTHE IMPACT OFMACROECONOMIC INDICATORSON STOCK PRICES IN VIETNA Luận văn thạc sĩ the impact of macroeconomic indicators on stock prices in vietnam , luận văn thạc sĩAMMASI ER ()l BUSINESS (Honours) SUPERVISOR: Dr. PHAM QUOC III NGHo Chi Minh City 20131ACKNOWLEDGEMENTSFirstly. I would like to express my ven- great appreciation to my supervisor - Dr. Pham Quoc Hung - for his enthusiastic guidance, valuable and constructive suggestions during the planning and deve Luận văn thạc sĩ the impact of macroeconomic indicators on stock prices in vietnam , luận văn thạc sĩlopment of this thesis.I would also like to thank all of my lecturers at International School of Business (ISB) - University of Economics Ho Chi MinhLuận văn thạc sĩ the impact of macroeconomic indicators on stock prices in vietnam , luận văn thạc sĩ
City (ƯEH) - for sharing their knowledge and experience during my master course. Enthusiastic assistance provided by the ISB's executive board and staUNIVERSITY OF ECONOMICS HO CHI MINH CH YInternational School of BusinessHUYNH THANH DUNGTHE IMPACT OFMACROECONOMIC INDICATORSON STOCK PRICES IN VIETNA Luận văn thạc sĩ the impact of macroeconomic indicators on stock prices in vietnam , luận văn thạc sĩ special thanks to my wife for hersupport and encouragement throughout my study.11ABSTRACTThis study investigates the impact of macroeconomic indicators on Vietnamese stock prices using monthly data spanning from January 2008 to May 2013. Macroeconomic variables used in this study are industrial pro Luận văn thạc sĩ the impact of macroeconomic indicators on stock prices in vietnam , luận văn thạc sĩduction index, lending interest rate, consumer price index (as a proxy for inflation), and exchange rate. The study employs the unit root test, cointeLuận văn thạc sĩ the impact of macroeconomic indicators on stock prices in vietnam , luận văn thạc sĩ
graion test developed by Johansen and Jesulius (1990) and Vector Error Correction Model (VECM) in order to examine the relationship between macroeconoUNIVERSITY OF ECONOMICS HO CHI MINH CH YInternational School of BusinessHUYNH THANH DUNGTHE IMPACT OFMACROECONOMIC INDICATORSON STOCK PRICES IN VIETNA Luận văn thạc sĩ the impact of macroeconomic indicators on stock prices in vietnam , luận văn thạc sĩoeconomic variables in Vietnam, indicating the presence of long run equilibrium relationship. In the long run. the industrial production and interest rate have significant positive effect on stock prices. In contrast, consumer price index has significant negative impact on stock prices. In the short Luận văn thạc sĩ the impact of macroeconomic indicators on stock prices in vietnam , luận văn thạc sĩ run. stock prices are only affected by Itself and the interest rate at one-month lag. The industrial production index and consumer price index have nLuận văn thạc sĩ the impact of macroeconomic indicators on stock prices in vietnam , luận văn thạc sĩ
o effect on stock prices. Furthermore, the findings show that the exchange rate does not influence stock prices in the short run as well as in the lonUNIVERSITY OF ECONOMICS HO CHI MINH CH YInternational School of BusinessHUYNH THANH DUNGTHE IMPACT OFMACROECONOMIC INDICATORSON STOCK PRICES IN VIETNA Luận văn thạc sĩ the impact of macroeconomic indicators on stock prices in vietnam , luận văn thạc sĩ.iABSTRACT...................................................iiTABLE OF CONTENT..........................................iiiLIST OF FIGURES............................................viLIST OF TABLES............................................viiLIST OF ABBREVIATIONS................................. Luận văn thạc sĩ the impact of macroeconomic indicators on stock prices in vietnam , luận văn thạc sĩ.....ixCHAPTER 1: INTRODUCTION.....................................11 I Research background...................................11 2 Research problems..Luận văn thạc sĩ the impact of macroeconomic indicators on stock prices in vietnam , luận văn thạc sĩ
...................................41.3Research objectives...................................51.4Significance of the research.........................UNIVERSITY OF ECONOMICS HO CHI MINH CH YInternational School of BusinessHUYNH THANH DUNGTHE IMPACT OFMACROECONOMIC INDICATORSON STOCK PRICES IN VIETNA Luận văn thạc sĩ the impact of macroeconomic indicators on stock prices in vietnam , luận văn thạc sĩ............................9UNIVERSITY OF ECONOMICS HO CHI MINH CH YInternational School of BusinessHUYNH THANH DUNGTHE IMPACT OFMACROECONOMIC INDICATORSON STOCK PRICES IN VIETNAGọi ngay
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