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  5. The Impact of Macro-economic Factors on Banking Industry Stock Return in China
 
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The Impact of Macro-economic Factors on Banking Industry Stock Return in China

Publisher(s)
University of the Thai Chamber of Commerce
Date Issued
2012
Author(s)
Tu, Lina
Other Contributor(s)
University of the Thai Chamber of Commerce. International College
Abstract
This study examines the impacts of macroeconomic factors which includinginflation 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 stockreturn.
Subject(s)
International Business Management
Degree Level
masters
Degree Department
International College
Degree Grantor
University of the Thai Chamber of Commerce
Access Rights
public
Rights
This work is protected by copyright. Reproduction or distribution of the work in any format is prohibited without written permission of the copyright owner.
Rights Holder(s)
University of the Thai Chamber of Commerce
Bibliographic Citation
Lina Tu (2012) The Impact of Macro-economic Factors on Banking Industry Stock Return in China.
File(s)
 1315abstract.pdf (66.28 KB)
 1315fulltext.pdf (272.42 KB)
Views
18
Acquisition Date
Mar 13, 2023
Downloads
60
Acquisition Date
Mar 13, 2023
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