Conclusions and policy suggestions
➤ Gửi thông báo lỗi ⚠️ Báo cáo tài liệu vi phạmNội dung chi tiết: Conclusions and policy suggestions
Conclusions and policy suggestions
Examining factors affecting stock market performance in VietnamAbstractThis paper tests whether innovations in macroeconomic variables are risks that Conclusions and policy suggestions are rewarded in the stock market. Financial theory suggests that the following macroeconomic variables should systematically affect stock market returns: the spread between expected and unexpected inflation, GDP, FDI, exchange rate and money supply. We find that these sources of data are significan Conclusions and policy suggestions tly influence on VN-Index.IntroductionIn Vietnam, the change of macroeconomic policies often happens suddenly, thus affecting the psychology of investConclusions and policy suggestions
ors, the stock market (stock market) and the general activities of the economy. Therefore, analyzing the impact of macroeconomic factors on the economExamining factors affecting stock market performance in VietnamAbstractThis paper tests whether innovations in macroeconomic variables are risks that Conclusions and policy suggestions will contribute to solutions to overcome when there are negative impacts of macroeconomic factors on the stock market as well as help develop appropriate stock market with the economic situation.This study aims to measure the impact of six macroeconomic factors including: inflation (represented by Conclusions and policy suggestions consumer price index), M2 money supply, VND / USD exchange rate, inflation, total trading volume, gross domestic product and foreign direct investmentConclusions and policy suggestions
to stock price indexes are being applied at Vietnam Stock Exchange (VN-lndex). Research results show that in the long term exchange rate, foreign dirExamining factors affecting stock market performance in VietnamAbstractThis paper tests whether innovations in macroeconomic variables are risks that Conclusions and policy suggestions impact on most stock price indexes in the long term.At present, there are many articles and researches about the impact ofmacroeconomic factors on the stock market. However, in each time and different conditions, the impact factors and the level of impact on the stock market will not be the same. E Conclusions and policy suggestions specially in the current condition of Vietnam stock market with many companies was listed on stock market, the difference may be very large.In order tConclusions and policy suggestions
o achieve this goal, the next chapter will present the theoretical basis of the research problem. After that, the research method and model test resulExamining factors affecting stock market performance in VietnamAbstractThis paper tests whether innovations in macroeconomic variables are risks that Conclusions and policy suggestions URE REVIEWIn Vietnam, the change of macroeconomic policies often happens suddenly, thus affecting the psychology of investors, the stock market and the general activities of the economy. Therefore, analyzing the impact of macroeconomic factors on the economy in general and the stock market in partic Conclusions and policy suggestions ular is a necessary and useful thing. When identifying macroeconomic factors affecting the stock market, it will contribute to solutions to overcome wConclusions and policy suggestions
hen there are negative impacts of macroeconomic factors on the stock market as well as help develop appropriate stock market with the economic situatiExamining factors affecting stock market performance in VietnamAbstractThis paper tests whether innovations in macroeconomic variables are risks that Conclusions and policy suggestions nt conditions, the impact factors and the level of impact on the stock market will not be the same. Especially in the current condition of Vietnam stock market with the introduction of many new indexes in HOSE - Index such as VN30, VNMidcap, VN100, VNSmallcap, VNAllshare, the difference may be very Conclusions and policy suggestions large.To achieve this goal, the next section will present the theoretical basis of the research problem. After that, the research method and model tesConclusions and policy suggestions
t results. Finally, comment on research results and conclusions.Moreover, there arc many reasons that affect Vietnam stock market and some the most weExamining factors affecting stock market performance in VietnamAbstractThis paper tests whether innovations in macroeconomic variables are risks that Conclusions and policy suggestions tock market that arc Exchange rate, Inflation, Money Supply, GDP and FDI.1.1.Definitions1.1.1.Vietnam Stock Marketrhe slock market refers Io the collection of markets and exchanges where regular activities of buying, selling, and issuance of shares of publicly-held companies lake place. Such financi Conclusions and policy suggestions al activities are conduc ted through institutionalized formal exchanges marketplaces which operate under a defined set of regulations. There can be muConclusions and policy suggestions
ltiple stock trading venues in a country or a region which allow transactions in stocks and other forms of securities. (Investopia, 2019)1.1.2.InflatiExamining factors affecting stock market performance in VietnamAbstractThis paper tests whether innovations in macroeconomic variables are risks that Conclusions and policy suggestions over a period of time. It is the constant rise in the general level of prices where a unit of currency buys less than it did in prior periods. Otten expressed as a percentage, inflation indicates a decrease in the purchasing power of a nation’s currency. (Investopia. 2019)1.1.3.Money supplyrhe money Conclusions and policy suggestions supply is the entire slock of currency and other liquid instruments circulating in a country's economy as of a particular lime, rhe money supply canConclusions and policy suggestions
include cash, coins, and balances held in checking and savings accounts, and olher near money substitutes. Economists analyze lhe money supply as a keExamining factors affecting stock market performance in VietnamAbstractThis paper tests whether innovations in macroeconomic variables are risks that Conclusions and policy suggestions tment (FDI) is an investment made by a firm or individual in one country into business interests located in another country. Generally, FDI takes place when an investor establishes foreign business operations or acquires foreign business assets, including establishing ownership or controlling intere Conclusions and policy suggestions st in a foreign company. Foreign direct investments are distinguished from portfolio investments in which an investor merely purchases equities of forConclusions and policy suggestions
eign-based companies. (Investopia, 2019)1.1.5.Exchange rateAn exchange rate is the value of one nation's currency versus the currency of another natioExamining factors affecting stock market performance in VietnamAbstractThis paper tests whether innovations in macroeconomic variables are risks that Conclusions and policy suggestions kes $1.13 to buy €1. (Investopia, 2019)1.1.6.GDPGross Domestic Product (GDP) is a broad measurement of a nation’s overall economic activity. GDP is the monetary value of all the finished goods and services produced within a country's borders in a specific time period.GDP includes all private and pub Conclusions and policy suggestions lic consumption, government outlays, investments, additions to private inventories, paid-in construction costs and the foreign balance of trade (exporConclusions and policy suggestions
ts are added, imports are subtracted). It may be contrasted with Gross National Product (GNP), which measures the overall production of an economy's cExamining factors affecting stock market performance in VietnamAbstractThis paper tests whether innovations in macroeconomic variables are risks that Conclusions and policy suggestions an be calculated on a quarterly basis as well (in the United States, for example, the government releases an annualized GDP estimate for each quarter and also for an entire year). (Investopia, 2019)1.2. Impact of different factors on performance of stock market1.2.1. InflationThe relationship betwee Conclusions and policy suggestions n stock market performance and inflation is imperative for investors because stocks are expected to provide protection from the effects of inflation (Conclusions and policy suggestions
Mbulawa, 2015). However, A number of researches conducted to examine the effect of inflation on stock returns in both developed and developing economiExamining factors affecting stock market performance in VietnamAbstractThis paper tests whether innovations in macroeconomic variables are risks that Conclusions and policy suggestions und a negative relationship between the performance of the stock market and inflation. Some significant studies from Pearce and Roley (1985) and Hardouvelis (1988) showed no significant correlation between the stock returns and inflation and this proves that there is need for further exploration int Conclusions and policy suggestions o the topic. To seek clarity on the relationship between inflation and stock price movements, further research must be done to investigate the behavioConclusions and policy suggestions
r of the two variables. This study intends to address the question: what is the effect of inflation on stock market returns in the VSM? There are a wiExamining factors affecting stock market performance in VietnamAbstractThis paper tests whether innovations in macroeconomic variables are risks that Conclusions and policy suggestions n and the stock market. The author used expected inflation and expected inflation to consider the impact of inflation on the stock price index and the results show that there is a negative impact of inflation on stock prices. Mohammed Omran and John Pointon (2001) also found negative impacts of infl Conclusions and policy suggestions ation on the Egyptian stock market in the short and long term. In 2011, Adel Al Sharkas and Marwan Alzoybi conducted research on the subject of StockConclusions and policy suggestions
prices and inflation; Experimental evidence in countries such as Jordan, Saudi Arabia, Kuwait, Morocco . With the VAR model, the author supported theGọi ngay
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