scholarly journals Effects of Government's Policy in Stock Price: A Case of Nepse

2022 ◽  
Vol 4 (1) ◽  
pp. 60-67
Author(s):  
Ganesh Prasad Niraula
Keyword(s):  
Interest Rate ◽  
Stock Price ◽  
Joint Venture ◽  
Stock Exchange ◽  
Case Study Research ◽  
Secondary Data ◽  
Price Movement ◽  
The Government ◽  
Major Factors ◽  
Relationship Of

The purpose of this study is to find out the relationship of government's policy on the price movement of Nepal stock exchange (NEPSE). This study followed a case study research design, because it offers a deeper perspective and clearer understanding of the stock price movement of Nepalese joint venture banks. The sample size of this study consists of five joint venture commercial Banks, economic analysis and survey reports conducted by central bank of Nepal (Nepal Rastra Bank).The judgmental sampling method has been applied for selection of joint venture banks. The study was totally based on secondary data. in order to make proper analysis descriptive and inferential statistics were used using SPSS software version 26. The finding of this study revealed that the GDP and import are inversely associated with stock price movement and CRR, export, interest rate and inflation are positively associated with stock price movement. Further, it is found that the macroeconomic variables are key factors to determine the Nepalese stock price movement. More importantly, stock market has been found to respond significantly to changes in the government policy. It is recommended that CRR, EXPORT, INTEREST RATE and INFLATION are major factors which largely affect the stock price movement of NEPSE. GDP and IMPORT are not compliance with the stock price movement as they produce negative association with the stocks volatility.

scholarly journals Impact of Interest Rate on Stock Prices Volatility: A Case of Textile Sector of Karachi Stock Exchange

2021 ◽  
Vol 2 (2) ◽  
pp. 149-156
Author(s):  
MUHAMMAD SOHAIL KHALIL ◽  
MUHAMMAD AAMIR NADEEM ◽  
MUHAMMAD TAHIR KHAN
Keyword(s):  
Interest Rate ◽  
Stock Returns ◽  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Price Volatility ◽  
Stock Price Volatility ◽  
Relationship Of ◽  
The Relationship ◽  
Textile Sector

This study investigates the relationship between interest rate and stock price volatility in textile sector of Karachi Stock Exchange. Initially, EWMA model is used to calculate the volatility of stock prices. Stock returns are calculated as a proxy to stock prices. Afterwards, linear regression analyzes the relation between interest rate and stock price volatility. The significance F change is below the limit of 0.05 showing goodness-to-fit of the model to project the responses from predictor to be reliable. The research concludes the relationship of interest rate with volatility of stock prices as slightly inverse in nature.

scholarly journals An analytical study of relationship of Macroeconomic Indicators on movement of KSE(Karachi stock exchange) prices.

2013 ◽  
Vol 9 (1) ◽  
pp. 42-52
Author(s):  
Jahanzaib Haider
Keyword(s):  
Stock Price ◽  
Analytical Study ◽  
Inflation Rate ◽  
Stock Exchange ◽  
Pearson Correlation ◽  
Price Movement ◽  
Parametric Test ◽  
Macroeconomic Indicators ◽  
Level Of Significance ◽  
Relationship Of

This study aims to find relationship between stock price movement and macroeconomic indicators. Different indicators like interest rate, inflation rate, capital gain tax, money supply and GDP has been used in the research. The objective is to find how stock market behaves with change in these macroeconomic indicators. Whether there is any positive or negative relation between these macroeconomic indicators and stock price movement. This research could also be useful for the investors they can use the information to predict the stock price movement. In this study Pearson correlation as correlation between two variables has been used that reflects the level by which the variables has relation. In co-relation non parametric test has been used to prove study. Level of significance is 5% in this research.

scholarly journals PENGARUH TINGKAT BUNGA DOMESTIK DAN LUAR NEGERI SERTA NILAI TUKAR MATA UANG RUPIAH TERHADAP INDEKS HARGA SAHAM GABUNGAN DI BURSA EFEK INDONESIA

2017 ◽  
pp. 72-87
Author(s):  
Marta K Gulo ◽  
Kornel Munthe
Keyword(s):  
Interest Rate ◽  
Stock Price ◽  
Structural Equation ◽  
Price Index ◽  
Stock Exchange ◽  
Secondary Data ◽  
Positive Influence ◽  
Equation Modeling ◽  
Stock Price Index ◽  
Domestic Interest Rate

This study aimed to analyze the influence of the Domestic Interest Rate and Foreign Interest Rate and Foreign Exchange Rate Rupiah against the Composite Stock Price Index at the Indonesia Stock Exchange. Population which is the object of this study is the period of 1952-2012 the entire value of JCI. The sample used is the period of 2010-2012 the entire value JCI listed in Indonesia Stock Exchange. The data collected is secondary data with engineering documentation. The analytical method used is SEM (Structural Equation Modeling) which is operated through a program AMOS 22. From the analysis and discussion shows that the Domestic Interest Rate and Interest Rate Foreign Affairs has a significant effect on Exchange-exchange amount, partially negative effect Domestic Interest Rate Interest Rate Foreign and has a positive influence on Exchange-exchange amount. While the Exchange-exchange Rupiah positive effect on Composite Stock Price Index at the Indonesia Stock Exchange.

scholarly journals ANALISIS INFLASI, TINGKAT BUNGA, DAN NILAI TUKAR PADA RETURN PASAR DI BURSA EFEK INDONESIA

2018 ◽  
Vol 3 (2) ◽  
pp. 433
Author(s):  
Nurmala Nurmala
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Stock Price ◽  
Stock Exchange ◽  
Secondary Data ◽  
Coefficient Of Determination ◽  
Analysis Tool ◽  
Market Return ◽  
The Exchange Rate ◽  
Variable Analysis

This study aims to determine the effect of inflation, interest rate and exchange rate on market return in Indonesian Stock Exchange. In this study, researchers used secondary data from inflation rate, interest rate and exchange rate from the Composite Stock Price Index (IHSG) from Bank Indonesia and Idx. The population in this study was the joint stock price movements of companies registered in Indonesian Stock Exchange, while samples used are purposive random sampling with the criteria of Indonesian securities listed companies, stock movement volume traded (CSPI), companies owning shares (including in the CSPI) period of 2012 – 2017. The analysis tool used is multiple regression analysis t-test, F-test and coefficient of determination tested by classic assumption test. The results of the study show Inflation, Interest Rate, Exchange Rate of Stock Return is 0.13. This singnification number is greater than 0.05 which means that the Inflation X1 variable, Interest Rate X1, Exchange Rate X3 does not significantly influence Market Return. Thus H4,which says that inflation, interest rate, exchange rate significantly influence market return are rejected. While partially tested that the significance of inflation is 0.167. This signification number is greater than 0.05 (prob> 0.05). Then H0 is accepted and Ha is rejected so that it can be concluded that inflation does not have a significant effect on Market Return.While the calculation and variable analysis of interest rate is obtained by a result of 0.005. Significance figures obtained are smaller than alpha 0.05 (prob <0.05). This means that the variable interest rate has a significant effect on market return. Thus, it can be concluded that Ho is rejected and Ha is accepted. From the calculation of data analysis there are significant numbers. Whereas, for the exchange rate variable is 0.105. The probability value obtained is greater than alpha 0.05 (prob> 0.05). Then the conclusion is that H0 is accepted and Ha is rejected so that it can be concluded that the exchange rate does not have a significant effect on Market Return.

scholarly journals PENGARUH TINGKAT SUKU BUNGA, INFLASI, KURS DAN PERTUMBUHAN PRODUK DOMESTIK BRUTO TERHADAP INDEKS HARGA SAHAM GABUNGAN DI BURSA EFEK INDONESIA

2021 ◽  
Vol 5 (2) ◽  
pp. 70
Author(s):  
Tsoraya Utami ◽  
Murtala Murtala ◽  
Hilmi Hilmi
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Interest Rates ◽  
Stock Price ◽  
Time Series Data ◽  
Stock Exchange ◽  
Secondary Data ◽  
Series Data ◽  
Gdp Growth ◽  
Distributed Lag

ABSTRACT This study aims to examine the effect of interest rates, inflation, exchange rates and gross domestic product growth on the Composite Stock Price Index (IHSG) on the IDX during the 2003-2018 period on a quarterly basis. The type of data used is secondary data in the form of time series data obtained from published reports from Bank Indonesia, the Central Bureau of Statistics and the Indonesia Stock Exchange. The data analysis method used is the Autoregressive Distributed Lag (ARDL) Model. The results of this study found that the exchange rate and inflation had a negative and significant effect on the IHSG, while GDP growth had a positive and significant effect on the IHSG. However, the interest rate did not have a significant effect on the IHSG. Keywords:         Interest Rate, Inflation, Exchange Rate, GDP Growth and IHSG

scholarly journals Pengaruh Suku Bunga Acuan dan Nilai Kurs Tengah Valuta Asing Terhadap Return Saham

2018 ◽  
Vol 9 (2) ◽  
Author(s):  
Ivan Pratama ◽  
Lauw Tjun Tjun
Keyword(s):  
Interest Rate ◽  
Stock Returns ◽  
Foreign Exchange ◽  
Stock Price ◽  
Stock Exchange ◽  
Sample Selection ◽  
Secondary Data ◽  
Sampling Technique ◽  
Analysis Model ◽  
Significance Level

AbstractInflation is one of the phenomena that indicate a monetary policy is not effective or monetary crisis is going on. It can stimulate weak of the exchange rate, declining purchasing power, as well as fluctuations in interest rate (BI Rate) which make the performance of the company may face a problem that will have an impact on the development of capital markets. Companies with good performance can attract more investors. The purpose of this research is to determine the effect of interest rate (BI Rate) and foreign exchange currency (USR-IDR) Bank of Indonesia to stock returns. The sample selection using purposive sampling technique. The samples are banking companies list on Indonesia Stock Exchange in 2012-2015 with some criteria. This research uses secondary data from Bank of Indonesia data reports in 2012-2015 and banking companies stock price reportin 2012-2015. The analysis model is multiple linear regression with help from SPSS and the significance level is 0.05. Results of this research is that interest rate (BI Rate) and foreign exchange currency (USR-IDR) Bank of Indonesia simultaneous effect on stock returns with effect level of 8.6% and a significance value of 0.029. But partially, they have no effect on stock returns.Keywords:   Interest Rate (BI Rate), Foreign Exchange Currency (USD-IDR), and Stock Return. 

Pengaruh Reputasi Underwriter, Umur Perusahaan, dan Persentase Penawaran Saham 53 kepada Publik terhadap Underpricing

2016 ◽  
Vol 8 (1) ◽  
pp. 53-74
Author(s):  
Maria Jeanne ◽  
Chermian Eforis
Keyword(s):  
Initial Public Offering ◽  
Stock Price ◽  
Stock Exchange ◽  
Secondary Data ◽  
Secondary Market ◽  
Financial Statement ◽  
Data Set ◽  
Multiple Regression Method ◽  
Underwriter Reputation ◽  
Public Offering

The objective of this research is to obtain empirical evidence about the effect of underwriter reputation, company age, and the percentage of share’s offering to public toward underpricing. Underpricing is a phenomenon in which the current stock price initial public offering (IPO) was lower than the closing price of shares in the secondary market during the first day. Sample in this research was selected by using purposive sampling method and the secondary data used in this research was analyzed by using multiple regression method. The samples in this research were 72 companies conducting initial public offering (IPO) at the Indonesian Stock Exchange in the period January 2010 - December 2014; perform initial offering of shares; suffered underpricing; has a complete data set forth in the company's prospectus, IDX monthly statistics, financial statement and stock price site (e-bursa); and use Rupiah currency. Results of this research were (1) underwriter reputation significantly effect on underpricing; (2) company age do not effect on underpricing; and (3) the percentage of share’s offering to public do not effect on undepricing. Keywords: company age, the percentage of share’s offering to public, underpricing, underwriter reputation.

Stock Market Reaction on Green-Bond Issue: Evidence from Indian Green-Bond Issuers

2021 ◽  
pp. 097226292110225
Author(s):  
Rakesh Kumar Verma ◽  
Rohit Bansal
Keyword(s):  
Stock Returns ◽  
Financial Institutions ◽  
Stock Price ◽  
Stock Exchange ◽  
Abnormal Returns ◽  
Developed Countries ◽  
Low Carbon ◽  
Bond Issue ◽  
The Government ◽  
The Impact

Purpose: A green bond is a financial instrument issued by governments, financial institutions and corporations to fund green projects, such as those involving renewable energy, green buildings, low carbon transport, etc. This study analyses the effect of green-bond issue announcement on the issuer’s stock price movement. It shows the reaction of the stock price after the issue of green bonds. Methodology: This study is based on secondary data. Green-bond issue dates have been collected from newspaper articles from different online sources, such as Business Standard, The Economic Times, Moneycontrol, etc. The closing prices of stocks have been taken from the NSE (National Stock Exchange of India Limited) website. An event window of 21 days has been fixed for the study, including the 10 days before and after the issue date. Data analysis is carried out through the event study method using the R software. Calculation of abnormal returns is done using three models: mean-adjusted returns model, market-adjusted returns model and risk-adjusted returns model. Findings: The results show that the issue of green bonds has a significant positive effect on the stock price. Returns increase after the green-bond issue announcement. Although the announcement day shows a negative return for all the samples taken for the study, the 10-day cumulative abnormal return (CAR) is positive. Thus, green-bond issues lead to positive sentiments among investors. Research implications: This research article will help the government issue more green bonds so that the proceeds can be utilized for green projects. The government should motivate corporations and financial institutions to issue more green bonds to help the economy grow. In India, very few organizations have issued a green bond. It will be beneficial if these players issue green bonds, as it will increase the firms’ value and boost returns to the investors. Originality/value: The effect of green-bond issue on stock returns has been analysed in some studies in developed countries. This is the first study to examine the impact of green-bond issue on stock returns in the Indian context, to the best of our knowledge.

scholarly journals Influencing Factors of Stock Price in Nepal

NCC Journal ◽  
2019 ◽  
Vol 4 (1) ◽  
pp. 113-120
Author(s):  
Krishna Bahadur Thapa
Keyword(s):  
Interest Rate ◽  
Stock Market ◽  
Influencing Factors ◽  
Stock Price ◽  
Stock Exchange ◽  
Positive Association ◽  
Share Price ◽  
Financial Statement ◽  
Inverse Association ◽  
Significant Positive Association

This paper explores the influencing factors of stock price in Nepal (with reference to Nepalese commercial banks) listed on the Nepal Stock Exchange Ltd. over the period of 2008 to 2018AD. The information were collected from questionnaire and financial statement of concerned organizations and analyzed using simple linear regression model. The conclusions of the work revealed that earning per share (EPS), dividend per share (DPS), effective rules and regulations, market whims and rumors, company profiles and success depend upon luck have the significant positive association with share price while interest rate (IR) and price to earnings ratio (PER), showed the significant inverse association with share price. Further, accessibility of liquidity, fundamental and technical analysis stimulates the performance of the Nepalese stock market. More importantly, stock market has been found to respond significantly to changes in dividend and interest rate.

scholarly journals Pengaruh Tingkat Suku Bunga, Inflasi Dan Nilai Kurs Terhadap Harga Saham Perusahaan Perhotelan Yang Terdaftar Di Bursa Efek Indonesia Per Triwulannya Periode 2016-2018

2021 ◽  
Vol 4 (2) ◽  
pp. 871-877
Author(s):  
Rahmat Dewa Bagas Nugraha ◽  
H.M Nursito
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Exchange Rates ◽  
Interest Rates ◽  
Quantitative Study ◽  
Stock Prices ◽  
Stock Exchange ◽  
Secondary Data ◽  
Ratio Analysis ◽  
The Interest Rate

This study aims to determine and analyze the factors that affect stock prices through appropriate ratio analysis. As for the ratio of interest rates, inflation and exchange rates. Researchers want to know and analyze the effect partially or simultaneously between interest rates, inflation, and exchange rates on stock prices. This research is a quantitative study using secondary data. The object of this research is hotel companies listed on the Indonesia Stock Exchange for the period 2016-2018. The sample used in this study were 3 hotel with certain characteristics. The results of research simultaneously using the F test show that there is no influence between interest rates, inflation and exchange rates on stock prices because the calculated value is smaller than the table. Partially with the t test it can be concluded that there is no influence between interest rates on stock prices because the tcount value in the interest rate variable is smaller than the t table. Likewise, the t calculation of inflation and the exchange rate is smaller than the t table, so that there is no partial effect of the two variables on stock prices. Keywords: Stock Prices, Interest Rates, Inflation and Exchange Rates

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