TAILIEUCHUNG - Determinants of stock arket development in southeast asian countries

Determinants of stock arket development in southeast asian countries. This p ap er examines the determinants of stock market develop ment in Southeast Asian countries. Our findings show that income growth rate, saving rate, financial develop ment, stock market liquidity, and macroeconomic stability are the main determinants of market cap italization. | Journal of Economics and Development Vol. 44, , April 2012, pp. 101-112 Determinants of Stock Market ISSN 1859 0020 Development in Southeast Asian Countries Phan Dinh Nguyen Hochiminh City University of Technology and University of Adelaide, Australia Email: nguyenpdinh@ Vo Thi Ha Hanh Deutsche Bank Hochiminh City Branch Email: nguyenpdinh@ Abstract This paper examines the determinants of stock market development in Southeast Asian countries. Our findings show that income growth rate, saving rate, financial development, stock market liquidity, and macroeconomic stability are the main determinants of market capitalization. Meanwhile macroeconomic stability measured by the change in inflation and the financial crisis have had a negative effect on market capitalization, other variales have a potivive effect. Keywords: Stock market development, ASEAN stock markets, panel data analysis Journal of Economics and Development 101 Vol. 14, , April 2012 1. Introduction Since the 1990s, there have been numerous debates as to whether stock market development has led to economic growth. The question is an important one in order to clear policy implications for countries that have financial sectors that are comparatively underdeveloped. As Levine and Zervos (1998) argued that a well-established stock market not only can mobilize capital and diversify risks between market agents but it is also able to provide different types of financial services than banking sector to stimulate economic growth. The role of financial markets has been more and more affirmed as one of the main indicators of economic stability, in which stock market indexes provides indications on the economic health of a country. However, the concern on whether developing countries themselves reap any benefits from their stock market development with the boom over the past decades still exists. New theoretical work shows that stock market development may give a big boost to the .

• Đầu tư Chứng khoán
• Determinants of stock arket
• Development in southeast Asian countries
• Southeast asian countries
• Stock market development
• Asian stock markets
• Panel data analysis
• Economic freedom
• Financial crisis
• Eeconomic performance a panel data analysis
• Vice versa
• Reverse innovation
• Trickle up innovation
• BRIC and Turkey
• Capital ratio
• Capital requirement
• Panel data
• Banking system of kingdom
• Tadawul banks
• Financial performance
• Stock revenue
• Banks and stock revenues
• Bilateral trade balance
• Bangladesh with BRICS countries
• A static panel data analysis
• Data analysis
• The crucial relationships
• Factors affecting CO2 emission in Vietnam
• Factors affecting CO2 emission
• The Vietnamese economy
• The economic growth
• Trade openness positively influence the CO2 emissions
• Portfolio net inflows
• Transition Countries
• Fixed effect
• Error correction model
• International portfolio movements
• Research and Development investments
• National and international markets
• Istanbul Stock Exchange
• Intangible fixed assets and net sales
• Household mortgage
• Income effect
• China family panel studies in 2018
• China family panel studies
• Household mortgage really restrain consumption
• Credit market depth
• Income inequality in Vietnam
• Income inequality
• A panel data analysis
• Impact of climate change
• Rice productivity
• Incorporating climatic variables
• Statistical analysis
• Capital structure
• Short term debt
• Total debt
• Panel data regression
• Firms’ performance
• Renewable energy
• Developed countries
• Panel autoregressive distributed lag model
• Renewable energy production
• High unemployment rates
• Duration Analysis
• Count Data
• Estimating Average Treatment Effects
• Stratified Sampling
• Corner Solution Outcomes
• Censored Regression Models
• Managerial economics
• Multiple regression analysis
• Qualitative information
• Data issues
• Advanced panel data methods
• Pooling cross sections across
• Financial inclusion
• Principal component analysis
• Financial efficiency
• Impact on financial efficiency
• Earnings to price
• Current ratio
• Profit margin
• Two way fixed effects model
• Employing panel data analysis
• quản lí công ty
• kế hoạch kinh doanh
• quản lí tài chính
• kinh tế học
• nghiên cứu kinh tế