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The Effect of Macro Economic Variables on Stock Return of Companies That Listed in Stock Exchange: Empirical Evidence from Indonesia
10 references·1 citing·43 second hop
The Effect of Macro Economic Variables on Stock Return of Companies That Listed in Stock Exchange: Empirical Evidence from Indonesia (2019)The Effect of Macro Economic Variables on…Relationship between Inflation and Stock Returns – Evidence from BRICS markets using Panel Co integration Test (2015)Relationship between Inflatio…Macroeconomic Variables, Volatility and Stock Market Returns: A Case of Nairobi Securities Exchange, Kenya (2014)Macroeconomic Variables, Vola…Pengaruh Inflasi, Suku Bunga, Nilai Tukar Valas Dan Jumlah Uang Beredar Terhadap Profitabilitas Pada Perbankan Syariah Di Indonesia Periode 2005-2009 (2012)Pengaruh Inflasi, Suku Bunga,…Analysis of the long‐term relationship between macro‐economic variables and the Chinese stock market using heteroscedastic cointegration (2008)Analysis of the long‐term rel…THE EFFECTS OF MACROECONOMIC FACTORS ON THE LONDON STOCK RETURNS: A SECTORAL APPROACH (2007)THE EFFECTS OF MACROECONOMIC …The impact of macroeconomic and non-macroeconomic forces on hotel stock returns (2004)The impact of macroeconomic a…Is there a long run relationship between stock returns and monetary variables: evidence from an emerging market (2001)Is there a long run relations…Theory of the firm; managerial Behavior, Agency Costs, and Ownership Structure (1996)Theory of the firm; manageria…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…The arbitrage theory of capital asset pricing (1976)The arbitrage theory of capit…RETRACTED ARTICLE: The effect of economic variables (workers ‘diaries abroad, bank deposits, gross domestic product, and inflation) on stock returns in the Amman Financial Market from 2005/2018 (2021)RETRACTED ARTICLE: The effect…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Financial Intermediation and Delegated Monitoring (1984)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root (1981)Co-Integration and Error Correction: Representation, Estimation, and Testing (1987)Efficient Capital Markets: II (1991)STOCK RETURN AND MACROECONOMIC FUNDAMENTALS IN MODEL- SPECIFICATION FRAMEWORK : EVIDENCE FROM INDIAN STOCK MARKET (2003)Causal Relationship between Macro-Economic Indicators and Stock Market in India (2011)Clean energy industries and rare earth materials: Economic and financial issues (2013)Economic Forces and the Stock Market (1986)Testing for a Unit Root in Time Series Regression (1988)The economy, tourism growth and corporate performance in the Taiwanese hotel industry (2009)The response of hotel performance to international tourism development and crisis events (2010)The impacts of social and economic crises on tourist behaviour and expenditure: an evolutionary approach (2018)Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation (1982)Asymmetrical relationship between oil prices, gold prices, exchange rate, and stock prices during global financial crisis 2008: Evidence from Pakistan (2020)Impact of macroeconomic variables on the performance of stock exchange: a systematic review (2021)Carbon price prediction considering climate change: A text-based framework (2022)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The cost of capital, corporation finance and the theory of investment (2008)The effect of Malaysia general election on stock market returns (2016)PENGARUH NILAI TUKAR, KEBIJAKAN DIVIDEN DAN STRUKTUR MODAL TERHADAP RETURN SAHAM PADA PERUSAHAAN YANG TERDAFTAR DI JAKARTA ISLAMIC INDEX (2020)Relationship among macroeconomic factors and stock prices: cointegration approach from the Indian stock market (2024)Manajemen Sumber Daya Manusia; EDISI REVISI (2003)Determinants of Islamic Banking Profitability (2005)Prosedur Penelitian Suatu Pendekatan Praktik (2006)PENGARUH INFLASI DAN LEVERAGE TERHADAP PROFITABILITAS DAN RETURN SAHAM PADA PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA (2018)The Nature of the Firm (1937)The Pricing of Options and Corporate Liabilities (1973)Separation of Ownership and Control (1983)Corporate financing and investment decisions when firms have information that investors do not have (1984)Law and Finance (1998)External and internal determinants of performances of Shariah and non-Shariah compliant firms (2019)Inflation and infrastructure sector returns in emerging markets—panel ARDL approach (2020)CO2 Emissions and Financial Performance of Socially Responsible Firms: An Empirical Survey (2012)Impact of Macroeconomic Factors on Banking Index in Pakistan (2012)Time Series Analysis of the Relationship between Macroeconomic Factors and the Stock Market Returns in Pakistan (2015)INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION (1977)Reputation Acquisition in Debt Markets (1989)Finance and Growth: Theory and Evidence (2004)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1976The arbitrage theory of capital asset pricing7,081 cited
  • 1996Theory of the firm; managerial Behavior, Agency Costs, and Ownership Structure4,245 cited
  • 2004The impact of macroeconomic and non-macroeconomic forces on hotel stock returns183 cited
  • 2008Analysis of the long‐term relationship between macro‐economic variables and the Chinese stock market using heteroscedastic cointegration92 cited
  • 2014Macroeconomic Variables, Volatility and Stock Market Returns: A Case of Nairobi Securities Exchange, Kenya83 cited
  • 2001Is there a long run relationship between stock returns and monetary variables: evidence from an emerging market67 cited
  • 2012Pengaruh Inflasi, Suku Bunga, Nilai Tukar Valas Dan Jumlah Uang Beredar Terhadap Profitabilitas Pada Perbankan Syariah Di Indonesia Periode 2005-200958 cited
  • 2007THE EFFECTS OF MACROECONOMIC FACTORS ON THE LONDON STOCK RETURNS: A SECTORAL APPROACH54 cited
  • 2015Relationship between Inflation and Stock Returns – Evidence from BRICS markets using Panel Co integration Test45 cited

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  • 2021RETRACTED ARTICLE: The effect of economic variables (workers ‘diaries abroad, bank deposits, gross domestic product, and inflation) on stock returns in the Amman Financial Market from 2005/201828 cited

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