(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 CITYInternational 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 AMMASTER OF BUSINESS (Honours)SUPERVISOR: Dr. PHAM QUOC HUNGHo Chi Minh City-2013iACKNOWLEDGEMENTSFirstly. I would like to express my very great appreciation to my supervisor - Dr. Pham Quoc Hung - for his enthusiastic guidance, valuable and constructive suggestions during the planning and developme (LUẬN văn THẠC sĩ) the impact of macroeconomic indicators on stock prices in vietnam , luận văn thạc sĩ nt of this thesis.I would also like to thank all of my lecturers at International School of Business (ISB) - University of Economics Ho Chi Minh City(LUẬN văn THẠC sĩ) the impact of macroeconomic indicators on stock prices in vietnam , luận văn thạc sĩ
(ƯEH) - for sharing their knowledge and experience during my master course. Enthusiastic assistance provided by the ISB's executive board and staffs wUNIVERSITY OF ECONOMICS HO CHI MINH CITYInternational 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 cial thanks to my wife for hersupport and encouragement throughout my study.iiABSTRACTThis 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 product (LUẬN văn THẠC sĩ) the impact of macroeconomic indicators on stock prices in vietnam , luận văn thạc sĩ ion index, lending interest rate, consumer price index (as a proxy for inflation), and exchange rate. The study employs the unit root test, cointegrai(LUẬN văn THẠC sĩ) the impact of macroeconomic indicators on stock prices in vietnam , luận văn thạc sĩ
on test developed by Johansen and Jesulius (1990) and Vector Error Correction Model (VECM) in order to examine the relationship between macroeconomic UNIVERSITY OF ECONOMICS HO CHI MINH CITYInternational 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 nomic 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 run (LUẬN văn THẠC sĩ) the impact of macroeconomic indicators on stock prices in vietnam , luận văn thạc sĩ , stock prices are only affected by itself and the interest rate at one-month lag. The industrial production index and consumer price index have no ef(LUẬN văn THẠC sĩ) the impact of macroeconomic indicators on stock prices in vietnam , luận văn thạc sĩ
fect 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 long ruUNIVERSITY OF ECONOMICS HO CHI MINH CITYInternational 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 STRACT...................................................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.....................................11.1Research background...................................11.2Research 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..........................51.6RUNIVERSITY OF ECONOMICS HO CHI MINH CITYInternational School of BusinessHUYNH THANH DUNGTHE IMPACT OFMACROECONOMIC INDICATORSON STOCK PRICES IN VIETNAUNIVERSITY OF ECONOMICS HO CHI MINH CITYInternational School of BusinessHUYNH THANH DUNGTHE IMPACT OFMACROECONOMIC INDICATORSON STOCK PRICES IN VIETNAGọi ngay
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