AN ANALYSIS OF STOCK PRICE, EARNING YIELD AND LONG-TERM GOVERNMENT BOND YIELD IN THAILAND
Journal Title: Topics in Economics, Business and Management (EBM) - Year 2017, Vol 1, Issue 1
Abstract
This paper is to analyze the relationship between stock index price, earning yield and long-term government bond yield in Thailand via using co-integration framework analysis. Our main analysis is to examine the three research questions. First, is there a long-run relationship between the stock index, earning yield and long-term government bond yield? Second, what does the impacts on the stock price while the changes of long-term government bond yield? Third, can the change of long-term government bond yield predict the stock price? However, we also study short-term dynamics to found out if long-term government bond yield could explain the stock price regarding the Fed model. Thus, we get the results from the relationship between stock price and long term government bond yield is negative, and the relationship between stock price and earning yield will be positive
Authors and Affiliations
Pu Ruihui, Chou I-Wen, Siriwimon Wisutsakchai
Keywords
Related Articles
- EP ID EP412889
- DOI 10.26480/icemi.01.2017.194.195
- Views 78
- Downloads 0
SHOULD THE NON-ADVERSARY SYSTEM BE ADOPTED FOR CRIMINAL COURTS IN THAILAND?
This paper discusses criminal trials in Thai courts. The author is attempting to state that the adversary causes defects in the Thai criminal justice. Hence, the non-adversary system is welcome.
CONCEPTUAL RESEARCH FRAMEWORK CURRENCY ANALYSIS OF SOME COUNTRIES IN EAST ASIA AGAINST SOUTHEAST ASIA
The purpose of this research is to propose a large scale Structural VAR model analysis with matrix form I (1) and I (0,5). The proposed research method, using the SVAR matrix basis Bernanke-Mihov (1998), with case studie...
RESEARCH ON THE PRESENT SITUATION AND PROBLEMS OF PERFORMANCE EVALUATION SYSTEM IN SIHONG RURAL COMMERCIAL BANK
Traditional system of performance evaluation of enterprise already couldn’t satisfy the needs of the strategic management of contemporary society, which makes the enterprise have to undergo a profound change. The perform...
EFFECT OF ORGANIZATIONAL CULTURE, WORK SATISFACTION, ACHIEVEMENT MOTIVATION AND ORGANIZATION COMMITMENT TO LECTURE PERFORMANCE IN STIE JAKARTA
The purpose of this study is to analyze the influence of Organizational Culture, Job Satisfaction, Achievement Motivation and Organizational Commitment to Performance of STIE Lecturers in DKI Jakarta Province. Model Desi...
SOCIAL MEDICAL INSURANCE AND ECONOMIC GROWTH
This paper analyzes the social medical insurance’s impact on economic growth from the perspective of physical capital and human capital. Combined with unique account of the social medical insurance model, this paper esta...