A Study of the Effect of Inflation and Exchange Rate on Stock Market Returns in Ghana
المؤلفون المشاركون
Kwofie, Charles
Ansah, Richard Kwame
المصدر
International Journal of Mathematics and Mathematical Sciences
العدد
المجلد 2018، العدد 2018 (31 ديسمبر/كانون الأول 2018)، ص ص. 1-8، 8ص.
الناشر
Hindawi Publishing Corporation
تاريخ النشر
2018-03-01
دولة النشر
مصر
عدد الصفحات
8
التخصصات الرئيسية
الملخص EN
The study examined the effect of exchange rate and inflation on stock market returns in Ghana using monthly inflation and exchange rate data obtained from the Bank of Ghana and monthly market returns computed from the GSE all-share index from January 2000 to December 2013.
The autoregressive distributed lag (ARDL) cointegration technique and the error correction parametization of the ARDL model were used for examining this effect.
The ARDL and its corresponding error correction model were used in establishing the long- and short-run relationship between the Ghana Stock Exchange (GSE) market returns, inflation, and exchange rate.
The result of the study showed that there exists a significant long-run relationship between GSE market returns and inflation.
However, no significant short-run relationship between them existed.
The result also showed a significant long- and short-run relationship between GSE market returns and exchange rate.
The variables were tested for long memory and it was observed that such property did exist in these variables, making it a desirable feature of which investors can take advantage of.
This is due to the establishment of long-run effect of inflation and exchange rate on stock market returns.
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Kwofie, Charles& Ansah, Richard Kwame. 2018. A Study of the Effect of Inflation and Exchange Rate on Stock Market Returns in Ghana. International Journal of Mathematics and Mathematical Sciences،Vol. 2018, no. 2018, pp.1-8.
https://search.emarefa.net/detail/BIM-1173511
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Kwofie, Charles& Ansah, Richard Kwame. A Study of the Effect of Inflation and Exchange Rate on Stock Market Returns in Ghana. International Journal of Mathematics and Mathematical Sciences No. 2018 (2018), pp.1-8.
https://search.emarefa.net/detail/BIM-1173511
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Kwofie, Charles& Ansah, Richard Kwame. A Study of the Effect of Inflation and Exchange Rate on Stock Market Returns in Ghana. International Journal of Mathematics and Mathematical Sciences. 2018. Vol. 2018, no. 2018, pp.1-8.
https://search.emarefa.net/detail/BIM-1173511
نوع البيانات
مقالات
لغة النص
الإنجليزية
الملاحظات
Includes bibliographical references
رقم السجل
BIM-1173511
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
تقوم هذه الخدمة بالتحقق من التشابه أو الانتحال في الأبحاث والمقالات العلمية والأطروحات الجامعية والكتب والأبحاث باللغة العربية، وتحديد درجة التشابه أو أصالة الأعمال البحثية وحماية ملكيتها الفكرية. تعرف اكثر