MACROECONOMIC FACTORS AND STOCK PRICES - A CASE OF REAL ESTATE STOCKS ON HO CHI MINH STOCK EXCHANGE

被引:0
|
作者
Vo Thi Quy [1 ]
Dang Thi Ngoc Loi [2 ]
机构
[1] Vietnam Natl Univ, Int Univ, Quarter 6,Linh Trung Ward, Hcmc, Thu Duc Distric, Vietnam
[2] Vietnam Natl Univ, Int Univ HCMC, Quarter 6,Linh Trung Ward, Hcmc, Thu Duc Distric, Vietnam
关键词
Macroeconomic Factors; Market Factors; Stock Prices; Real Estate Companies; HOSE; RATES;
D O I
暂无
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
This study investigates the relationship of selected economic factors such as inflation rate, 10-year Government bond yields, GDP growth rate, exchange rate, and stock trading volumes and real estate stock price of 38 real estate companies listed on HOSE in period 7 years, from January 2009 to September 2015. The study found that 3 economic factors (inflation rate, GDP growth rate, and exchange rate) impact significantly on real estate stock prices; but the relationship between 10-year Government bond yield and trading volume, and real estate stock prices was not found. The research's results imply that these factors should be taken into account as predictors of the movement of real estate stock price in Vietnamese stock market.
引用
收藏
页码:736 / 749
页数:14
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