scholarly journals A Critical Analysis of Relationship between Gold Prices and NEPSE Index

Pravaha ◽  
2020 ◽  
Vol 25 (1) ◽  
pp. 129-140
Author(s):  
Nischal Risal

The investors’ prioritization towards the gold investment and capital market investment is really interesting issue. To clear the issue in the context of Nepal,the research paper seeks the relationship between gold prices on Nepalese capital market. The descriptive and analytical research design has been adopted in the study. The study is based on quantitative approach. The data has been collected from July 2015 to July 2018. The information on market index and gold price has been collected for the same period. The information has been collected from the annual reports of NEPSE, Nepal Gem and Jewellery Association (NEGJA),Nepal gold market and Federation of Nepal Gold and Silver Dealer’s Association(FENEGOSIDA). The comparative analyses of gold market and capital market have shown the direct relationship between these two markets. The investors ‘tendency to switch to gold investment is found risky. The gold prices and interest rates have influence on NEPSE.

2021 ◽  
Vol 10 (2) ◽  
pp. 118-129
Author(s):  
Desi Ratjaya Ningsih ◽  
Nur Aida Arifah Tara ◽  
Muhdin Muhdin

The Composite Stock Price Index (IHSG) is a description of information regarding the movements of all stock prices that affect capital market conditions and produce a trend. There are three factors that mainly influence the IHSG, namely inflation, BI interest rates, and the rupiah exchange rate. The purpose of this study was to examine the relationship between inflation, BI interest rates, rupiah exchange rate and the IHSG in the period of 2016-2020. The method in this research used quantitative methods. The results showed that inflation and BI interest rates have a negative and insignificant effect on the IHSG, while the Rupiah exchange rate has a significant negative effect on the IHSG.Keywords :IHSG, Inflasi, Suku Bunga BI, Nilai Tukar Rupiah


2016 ◽  
Vol 1 (1) ◽  
pp. 30
Author(s):  
Billy Muthee ◽  
Dr. J Adudah ◽  
Hendrick Ondigo

Purpose: The objective of this study was to establish the relationship between interest rates and gearing ratios of firms listed in the Nairobi Securities Exchange.Methodology: The study was carried out using a longitudinal research design, employing secondary quantitative data. The population for this study constituted of all listed companies in the Nairobi Securities Exchange. As at December 2013, there are 62 companies listed on the Nairobi Securities Exchange. This study did not sample and hence a census survey was carried out for the study. The study used secondary data. All the data was collected by review of documents, annual reports of the companies, the Nairobi Securities Exchange Handbooks and published books of accounts. The selected period was year 2009 to year 2013 (5 years).The researcher used frequencies, averages and percentages in this study. The researcher used Statistical Package for Social Sciences (SPSS) to generate the descriptive statistics and also to generate inferential results. Regression analysis was used to demonstrate effect of interest rate on the gearing ratio of listed firms.Results: These results showed that there is a negative relationship between gearing ratio and interest expense and profitability as supported by beta coefficients of -0.486 and -0.129 respectively. Firm size had a positive correlation (0.275), which means that an increase in firm size causes an increase in the gearing ratio. The analysis also yields results that showed that interest expense, firm size and profitability were statistically significant.Unique contribution to theory, practice and policy: the study recommended that; the firms should adopt strategies that increase their firm size resulting to a scenario whereby they increase their collateral and thus granting them the ability to access more debt, firms should ensure that they optimize their profits so as to reduce their gearing ratio and thus cause growth, firms should seek to adopt other ways of financing their activities since interest expense had a negative relationship with gearing ratio.


2020 ◽  
Vol 23 (2) ◽  
pp. 53-62
Author(s):  
Dhan Raj Chalise

Capital Market plays a significant role in financial mobilization and provide an effective way of procuring long-term funds at same. In a addition it provide an investment opportunity for individuals and institutions. Nepalese capital market is growing and improving phase. The objective of this study is to assess the existing status of secondary capital market and to examine the relation between the share transaction amount and NEPSE Index. The period 2009/10 to 2018/19 has been used for study purpose. The trends of capital market development track after 2009/10 to present status has been indentified using descriptive analytical research design. Applying secondary data, the results found that there has significant contribution of secondary capital market for financial resources mobilization in Nepal. In addition, there exist significant positive impact of share transactions on NEPSE Index in Nepalese secondary capital market. The study recommends more effort form related sector for the modernization and systematization of share market.


2004 ◽  
Vol 64 (4) ◽  
pp. 1028-1055 ◽  
Author(s):  
JAN LUITEN VAN ZANDEN

I use rice prices in three cities to analyze the efficiency of the marketing system and the institutional framework of Javanese agriculture, 1823–1853. I show that imperfections in rural capital markets caused the extreme fluctuations in rice prices and that the segmentation of the capital market modifies the McCloskey and Nash interpretation of the relationship between seasonal fluctuations of grain (or rice) prices and interest rates. I argue that these fluctuations proxy peasants' stress. Finally, I hypothesize that institutional and market failures explain the “noneconomic” behavior of Javanese peasants in Boeke's theory of dualistic economic development.


2020 ◽  
Vol 19 (1) ◽  
pp. 149-169
Author(s):  
Rodrigo Rengel ◽  
Allison Manoel de Sousa ◽  
Januário José Monteiro ◽  
Rodrigo Malta Meurer

Objective: To analyze the relationship between executive compensation and the risk of companies from different sectors of B3.Methodology: The relationship between executive compensation and the risk of 61 companies in the Abattoir sectors analyzed; Banks; Construction of residential buildings; Generation, transmission and distribution of electricity; Rental of Real Estate, and; Telecommunications, between 2011 and 2017 through descriptive statistics and through the multivariate panel model.Relevance: The influence of executive compensation on companies' risk discussed, in which the results are divergent and performed in emerging and developed countries that do not present macroeconomic characteristics, such as high rates of inflation and interest rates in the case of Brazil. In this way, this study presents evidence in this different perspective.Main Results: The findings show that executive compensation is negatively associated with corporate risk. However, the change in executive compensation influences the companies' risk. Additionally, it found that the size of the organizations is positively associated with the companies' risk, unlike the profitability of the asset, which negatively related to the risk of the companies.Theoretical contributions: The present study presents contributions regarding the incentive implications of risk compensation in companies from different sectors of the Brazilian capital market, especially considering that managers can, from their decisions, select projects that influence the risk of the company's operations.


1985 ◽  
Vol 45 (2) ◽  
pp. 405-410 ◽  
Author(s):  
William Clark ◽  
Charlie Turner

We examine the relationship between international trade and regional American credit markets. The evidence presented suggests that foreign payment flows had a significant effect on the level of interest rates in the East North Central, West North Central, Pacific, and Southern regions of the United States.


Author(s):  
Paolo FESTA ◽  
Tommaso CORA ◽  
Lucilla FAZIO

Is it possible to transform stone into a technological and innovative device? The meeting with one of the main stone transformers in Europe produced the intention of a disruptive operation that could affect the strategy of the whole company. A contagious singularity. By intertwining LEAN methodologies and the human-centric approach of design thinking, we mapped the value creation in the company activating a dialogue with the workers and the management, listening to people, asking for ambitions, discovering problems and the potential of production. This qualitative and quantitative analysis conducted with a multidisciplinary approach by designers, architects and marketing strategists allowed us to define a new method. We used it to design a platform that could let all the players express their potential to the maximum. This is how the group's research laboratory was born, with the aim of promoting the relationship between humans and stone through product innovation. With this goal, we coordinated the new team, developing technologies that would allow creating a more direct relationship between man and surface, making the stone reactive. The result was the first responsive kitchen ever.


2019 ◽  
Vol 48 (1) ◽  
pp. 83-101
Author(s):  
Cameron McKay

During the late nineteenth and early twentieth century penologists began to explore the possibility that environment and upbringing, as opposed to individual choice, were the causes criminality. The Prison Commissioners for Scotland, the devolved body who administered prisons north of the border, were not immune to this wider trend. Smith has argued that from the 1890s onwards the Commissioners began to accept that criminality was caused by social problems, namely alcoholism, but also parental neglect, poor education and poverty. In their efforts to test these new criminological theories, the Commissioners began to make more careful enquiries into the backgrounds of their charges. From 1896 to 1931 the Commissioners interviewed a sample of prisoners each year and included the findings in their annual report. Although the main focus of these interviews was on the upbringing and drinking habits of prisoners; by the 1900s the Commissioners seem to have added irreligion to the growing list of etiological causes of crime, and from 1903 onwards prisoners were asked to give details on their religious habits. Although it is debateable how much the Prison Commissioners revealed about the relationship between religion and crime, they did however provide a useful insight into the religiosity of the average prisoner.


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