Impact of Exchange Rate on Stock Returns in Shenzhen Stock Exchange: Analysis Through ARDL Approach
Journal Title: International Journal of Economics and Management - Year 2019, Vol 1, Issue 2
Abstract
This research investigate the influence of exchange rate on the stock returns of Shenzhen stock exchange from January 2008 to December 2018 by utilizing ARDL model for checking the short run and the long run association between the study variables. The estimated ARDL results indicate that exchange rate has a negative and significant influence on the stock returns of Shenzhen stock exchange. Inflation and interest rate results indicate a negative and statistically significant effect on the stock returns. Based on the estimated results of this study it is recommended that the policy makers in Central bank needs to make such policies that helps to stabilize the exchange rate.
Authors and Affiliations
Muhammad Kamran Khan
Keywords
Related Articles
- EP ID EP560419
- DOI -
- Views 78
- Downloads 0
Individual Perceived Corruption Diminishes the Work Effectiveness and Organizational Performance
Laos is still categorized by United Nations as one of the least developed countries in the world and it is also perceived by international community as a highly corrupt state in the world based on the report of Corruptio...
Country Image, Perceived Product Quality and Purchase Intention: The Moderating Roles of Quality Warranty Certificate and Country-Image Transferred Strategies
This article aims at researching on the relationship of country image and customer perception on product quality and purchasing intention in South Korean. Additionally, the moderating roles of product quality warranty an...
Impact of Effective Entrepreneurial Leadership Style on Organizational Performance: Critical Review
In an increasingly unpredictable and competitively volatile dynamic economy and rapidly changing business environment, organizations are required a new type of management - an entrepreneurial leadership which is signific...
Socio-economic Impacts of Smallholder Dairy Cattle Farming on Livelihood in Sunga Ward of Lushoto District, Tanzania
A smallholder dairy cattle farming has been practiced by farmers in Tanzania, particularly in rural areas as a means of livelihood through income generated and food security although information about its impacts might n...
Investigation on the Relationship Between Business Performance and Business Satisfaction: Company Example
This research is designed to examine the relationship between job performance, job satisfaction and intent to leave work. The research consists of a research department in order to be able to reveal the relation between...