Stock market and real activity : an empirical study of several Asian countries / Masturah Ma'in, Arifin Md. Salleh and Abd. Ghafar Ismail

The objective ofthis study is to investigate the performance ofthe stock market as an indicator to real activity. The evidence ofthis relationship will focus on the sample of data obtained from Malaysia, Japan, Australia, India and Pakistan. The ordinary least square (OLS) and ECM-causality are u...

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Main Authors:	Ma'in, Masturah, Md. Salleh, Arifin, Ismail, Abd. Ghafar
Format:	Article
Language:	English
Published:	Institute of Research, Development and Commercialization (IRDC) 2007
Subjects:	Performance standards Financial management. Business finance. Corporation finance Stock exchanges. Insider trading in securities
Online Access:	http://ir.uitm.edu.my/id/eprint/13521/ http://ir.uitm.edu.my/id/eprint/13521/1/AJ_MASTURAH%20MA%27IN%20SMRJ%2007%201.pdf

id	uitm-13521
recordtype	eprints
spelling	uitm-135212016-06-30T08:51:48Z http://ir.uitm.edu.my/id/eprint/13521/ Stock market and real activity : an empirical study of several Asian countries / Masturah Ma'in, Arifin Md. Salleh and Abd. Ghafar Ismail Ma'in, Masturah Md. Salleh, Arifin Ismail, Abd. Ghafar Performance standards Financial management. Business finance. Corporation finance Stock exchanges. Insider trading in securities The objective ofthis study is to investigate the performance ofthe stock market as an indicator to real activity. The evidence ofthis relationship will focus on the sample of data obtained from Malaysia, Japan, Australia, India and Pakistan. The ordinary least square (OLS) and ECM-causality are used to examine the cointegration relationship and causality effect through the sample of data frequency to the related countries. The results show that there is causal-link between stock returns and industrial production index. This particularly exists in Australia, Japan and Malaysia. However, in Pakistan and India, there are no effects traced Therefore, based on the empirical evidence, it clearly shows that the stock market does not predict the real activity in all Asian countries compared to the developed countries in which their stock markets play an important role in predicting the real activity. Institute of Research, Development and Commercialization (IRDC) 2007 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/13521/1/AJ_MASTURAH%20MA%27IN%20SMRJ%2007%201.pdf Ma'in, Masturah and Md. Salleh, Arifin and Ismail, Abd. Ghafar (2007) Stock market and real activity : an empirical study of several Asian countries / Masturah Ma'in, Arifin Md. Salleh and Abd. Ghafar Ismail. Social and Management Research Journal, 4 (1). pp. 39-52. ISSN 1675-7017
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	Performance standards Financial management. Business finance. Corporation finance Stock exchanges. Insider trading in securities
spellingShingle	Performance standards Financial management. Business finance. Corporation finance Stock exchanges. Insider trading in securities Ma'in, Masturah Md. Salleh, Arifin Ismail, Abd. Ghafar Stock market and real activity : an empirical study of several Asian countries / Masturah Ma'in, Arifin Md. Salleh and Abd. Ghafar Ismail
description	The objective ofthis study is to investigate the performance ofthe stock market as an indicator to real activity. The evidence ofthis relationship will focus on the sample of data obtained from Malaysia, Japan, Australia, India and Pakistan. The ordinary least square (OLS) and ECM-causality are used to examine the cointegration relationship and causality effect through the sample of data frequency to the related countries. The results show that there is causal-link between stock returns and industrial production index. This particularly exists in Australia, Japan and Malaysia. However, in Pakistan and India, there are no effects traced Therefore, based on the empirical evidence, it clearly shows that the stock market does not predict the real activity in all Asian countries compared to the developed countries in which their stock markets play an important role in predicting the real activity.
format	Article
author	Ma'in, Masturah Md. Salleh, Arifin Ismail, Abd. Ghafar
author_facet	Ma'in, Masturah Md. Salleh, Arifin Ismail, Abd. Ghafar
author_sort	Ma'in, Masturah
title	Stock market and real activity : an empirical study of several Asian countries / Masturah Ma'in, Arifin Md. Salleh and Abd. Ghafar Ismail
title_short	Stock market and real activity : an empirical study of several Asian countries / Masturah Ma'in, Arifin Md. Salleh and Abd. Ghafar Ismail
title_full	Stock market and real activity : an empirical study of several Asian countries / Masturah Ma'in, Arifin Md. Salleh and Abd. Ghafar Ismail
title_fullStr	Stock market and real activity : an empirical study of several Asian countries / Masturah Ma'in, Arifin Md. Salleh and Abd. Ghafar Ismail
title_full_unstemmed	Stock market and real activity : an empirical study of several Asian countries / Masturah Ma'in, Arifin Md. Salleh and Abd. Ghafar Ismail
title_sort	stock market and real activity : an empirical study of several asian countries / masturah ma'in, arifin md. salleh and abd. ghafar ismail
publisher	Institute of Research, Development and Commercialization (IRDC)
publishDate	2007
url	http://ir.uitm.edu.my/id/eprint/13521/ http://ir.uitm.edu.my/id/eprint/13521/1/AJ_MASTURAH%20MA%27IN%20SMRJ%2007%201.pdf
first_indexed	2023-09-18T22:50:03Z
last_indexed	2023-09-18T22:50:03Z
_version_	1777417483173494784

Stock market and real activity : an empirical study of several Asian countries / Masturah Ma'in, Arifin Md. Salleh and Abd. Ghafar Ismail

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