Review of Literature on Macroeconomic Determinants of Equity Share Prices
نویسندگان
چکیده
The present study attempts to examine the relationship found in empirical studies of macroeconomic variables namely, exchange rate, money supply, inflation, industrial production, foreign reserves and interest rate with stock market indices post-reform era liberalization. Classical economists argued that rates lead prices positive correlation whereas proponents portfolio-balance model argue that, being part wealth, equity may affect through demand for implying negative correlation. Money supply was have impact on prices. Several between inflation share Industrial production would a rise thus relationship. Increase effect movements. In majority wasfound be negatively related
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ژورنال
عنوان ژورنال: Management Dynamics
سال: 2022
ISSN: ['2091-0460']
DOI: https://doi.org/10.57198/2583-4932.1127