Macroeconomic factors and stock returns: Evidence from the emerging market of Asia
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Keywords

T-Bills Rate
Exchange Rate
Consumer Price Index
Industrial Production Index
Stock Returns

How to Cite

Saleem Malik, M. A., Touqeer, S., & Zeb, S. (2018). Macroeconomic factors and stock returns: Evidence from the emerging market of Asia. Journal of Economic Info, 5(3), 16-20. https://doi.org/10.31580/jei.v5i3.99

Abstract

This study examines the impact of macroeconomic variables on stock returns of Pakistan, India and Sri Lanka for the period of 1997-2014. GMM approach is used to analyze the impact of macroeconomic variables on stock returns. Variables of the study were T-Bills, Exchange Rate, Consumer Price Index (CPI) and the Industrial Production Index (IPI). The results of study show that T-bills rate has significant negative impact while Exchange rate has a significant positive impact on the Stock Returns of the study period.

https://doi.org/10.31580/jei.v5i3.99
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