Determinants that affect the stock market performance of the Philippines / by Arlhee Mae E. Orcullo and Maria Isabel G. Samson.
Material type:
TextLanguage: English Publication details: Indang, Cavite : 2017. Cavite State University- Main Campus,Description: xv, 131 pages : 28 cm. illustrations ; Content type: - text
- unmediated
- volume
- 332.64 Or1 2017
- College of Economics, Management, and Development Studies (CEMDS)
| Item type | Current library | Collection | Call number | Materials specified | URL | Status | Notes | Date due | Barcode |
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Theses / Manuscripts
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Ladislao N. Diwa Memorial Library Theses Section | Non-fiction | 332.64 Or1 2017 (Browse shelf(Opens below)) | Link to resource | Room use only | T-6926 | 00011505 |
Thesis (BS Economics--Business Economics) Cavite State University
Includes bibliographical references.
College of Economics, Management, and Development Studies (CEMDS)
ORCULLO, ARLHEE MAE E., and SAMSON, MARIA ISABEL G., “Determinants that Affect the Stock Market Performance of the Philippines” Undergraduate Thesis. Bachelor of Science in Economics major in Business Economics. College of Economics, Management and Development Studies. Cavite State University, Don Severino delas Alas Campus, Indang, Cavite. May 2017. Adviser: Ms. Jenny Beb F. Ebo.
The Philippine stock market is one of the barometers of the current economic situation. Its primary function is to serve a dual role in the Philippine economy such as raising capital for companies and trading of shares by investors. Stock market performance, as a financial domain, worked as an indicator of the overall health of the economy. A deeper understanding of the behavior of the stock market and all the factors that can affect the stock market will cause the government to stabilize it and the economy as well, and also to attract investors.
This study aimed to seek the empirical relationship between the different macroeconomic indicators and foreign stock market, and the stock market performance of the Philippines from 2006 to 2015. Specifically, this study aimed to analysed the Philippine stock market performance; determine the relationship between Philippine stock market and the selected macroeconomic variables (balanced of trade, exchange rate, inflation rate, interest rate, gross domestic product, money supply and oil price); determine the relationship between the foreign stock market ( NYSE Composite Index, Hang Seng Index, Nikkei 225 Index, Thailand SET Index and JSX Composite Index) and the Philippine stock market; and formulate a valid stock market performance model.
The data were gathered from the database of Philippines Statistic Authority (PSA), Bangko Sentral ng Pilipinas (BSP), Philippine Stock Exchange (PSE), www.quandl.com (site recommended by Department of Energy), and The Wall Street Journal (a business centred international newspaper based in New York City). Since the approach of the research is descriptive causal using time series, Ordinary Least Square (OLS) regression was used.
Statistical result showed particularly Ordinary Least Square (OLS) regression that the gross domestic product, inflation rate, exchange rate, balanced of trade, and money supply; Nikkei 225 Index, Thailand SET Index and JSX Composite Index were the factors that affect the Philippine stock market. On the other hand, the relationship of interest rate, oil price, Hang Seng Index and NYSE Composite Index are diametric.
However, the models were found to be mis-specified as it does not pass the test for specification error using Ramsey RESET Test and structural stability using Chow Breakpoint Test.
Submitted copy to the University Library. 08-23-2018 T-6926