Microsoft Word lina 's topic
Download 264.94 Kb. Pdf ko'rish
|
- Bu sahifa navigatsiya:
- University of the Thai Chamber of Commerce 2012
- A Thesis Submitted in Partial Fulfillment of the Requirements For the Degree of Master of Business Administration International College
- Thesis Title
|
The impact of macro-economic factors on banking industry stock return in China LINA TU A Thesis Submitted in Partial Fulfillment of the Requirements For the Degree of Master of Business Administration International College University of the Thai Chamber of Commerce 2012 The impact of macro-economic factors on banking industry stock return in China LINA TU A Thesis Submitted in Partial Fulfillment of the Requirements For the Degree of Master of Business Administration International College University of the Thai Chamber of Commerce 2012 Copyright by University of the Thai Chamber of Commerce iv Thesis Title The impact of macro-economic factors on banking industry stock return in China Name LINA TU Degree Master of Business Administration Thesis Advisor Assistant Professor. Dr. Li Li Graduate year 2012 ABSTRACT This study examines the impacts of macroeconomic factors which including inflation rate, exchange rate, money supply and interest rate on banking industry stock return in China by using generalized least squares (GLS) model. The research covers 16 banks which listing on both Shanghai stock exchange and Shenzhen stock exchange as a whole banking sector be the dependent variable and moreover, the return of Shanghai stock market and the return of Shenzhen stock market are the control variables. The sample of data is from September 2007 to June 2012 and all data is collected by monthly data. The regression results indicate that both the change of inflation rate and the growth rate of money supply (M2) are positive but insignificant to the banking industry stock return, the exchange rate is positive and significant to banking industry stock return and interest rate is negative and significant to banking industry stock return. But when put the control variables into the model, it shows that all macroeconomic factors have no impact on the banking industry stock return. Keywords: Banking industry stock return, Inflation rate, Exchange rate, Money supply, Interest rate, Shanghai stock market return, Shenzhen stock market return Download 264.94 Kb. Do'stlaringiz bilan baham: 
|