1.0 Introduction In the recent years, Asia has been developing fast and contributing significantly to the growth of the world economy. In this report, the literature related to economic growth and finance development in Asia will be reviewed. Before discussing the relationships between economic growth and finance development in greater details, the two variables, namely, […]
1.0 Introduction 1.1 Structure of this Report This is a report of financial and investment analysis on Best Buy. In order to understand if Best Buy is a viable investment target, the qualitative and quantitative aspects of Best Buy will be analyzed, investigated and studied. The report is structured as follow. Firstly, the company background […]
CHAPTER 5: CONCLUSION 5.1 Review of Research Objective In Chapter 1, it is explicitly outlined that this is a study to investigate if there are any statistically significant correlation relationships between cross sectional stock returns to several firm specific fundamental variables as follow: return on equity (ROE), price to earnings ratios (PE), price to sales […]
CHAPTER 4: DATA ANALYSIS 4.1 Presentation of Simulation Results In This section, the results simulated from SPSS will be presented. Firstly, for each pair of the fundamental variables to stock returns, correlation coefficient will be generated. Statistically significant correlation will suggest that there are significant relationships between the two variables. For those variables that exhibit […]
CHAPTER 3: RESEARCH DESIGN 3.1 Data Used in research 3.1.1 Country Selection for Research Purposes The country selected for investigation purposes is Malaysia. Malaysia is selected because it is a smaller country, and often is neglected in the context of study of stock returns. In contrast, there are already many studied conducted for developed nations, […]
CHAPTER 2: REVIEW OF LITERATURE 2.0 Background Study As discussed before, different financial market participants or pundits have different perceptions on which factors or variables are affecting stock returns in the financial market. For example, it can be found that market pundits tend to assert that if something happen, then stock returns will be affected […]
Executive Summary This is a study to investigate if there are any statistically significant correlation relationships between cross sectional stock returns to several firm specific fundamental variables as follow: return on equity (ROE), price to earnings ratios (PE), price to sales ratio (PS), price to net worth ratio (PNet), dividend yield (DY), rate of growth […]
CHAPTER V: CONCLUSION 4.1 Discussion on Results Findings From the results findings, it is obvious that not all economic indicators should be studied and followed by investors. As discussed in previous chapter, it is reasonably concluded that short term interest rates are indeed negatively related to stock returns. However, the low R-square of the regression […]
CHAPTER IV: DATA PRESENTATION AND ANALYSIS 4.1 Overview of the Chapter In this chapter, the data concerning stock return, as well as the specific macroeconomic indicators will be analyzed. Simulated results will be presented. The macroeconomic indicators investigated include the following: Straits Times Index, 1 month interbank rate, 3 month interbank rate, yield of 1 […]
CHAPTER III: RESEARCH METHODS 3.1 Data Sources In the research design, stock returns figures and the respective macroeconomic variables that are perceived to have logical and economic relationships with stock returns will be employed. In order to proxy for stock returns, Straits Times Index (STI) will be used. The data concerning STI will be obtained […]
CHAPTER II: REVIEW OF LITERATURE 2.0 Introduction In stock market prediction, there are many contradicting ideas and assertion that demand investors to take serious attention and to perform scientific research to falsify the false assertion. For example, just to name a few complication and seemingly contradictory opposite assertion in the context of investing and stock […]
CHAPTER I: INTRODUCTION 1.0 Research Background To predict the direction of stock market has been the interests of many people as it is reasonable to believe that people that have such ability will become rich very soon. However, the task to predict stock market and its directions can be complex and hard. Not only to […]
Chapter 5: Conclusion and Recommendations 5.1 Conclusions In this section, conclusion will be made. Research objectives outlined earlier in Chapter 1 will be discussed in light of the research findings and literature review presented earlier. Referring to Chapter 1, two research objectives can are formulated as follow: (a) to review the relevant theories and literatures […]
Chapter 4: Data Analysis and Discussions 4.1 Descriptive Statistics In this section, the descriptive statistics of the data to be used in this dissertation will be presented. Before continuing, it is worth to define naming conventions employed in this chapter. Similar to the discussion presented in previous chapter, a total of six intersection portfolios will […]
Chapter 3: Research Methodologies 3.1 Description of Data Used As mentioned above, Malaysia will be chosen for analysis purposes as there is no literature investigating the validity of Fama-French Three Factor Model in the Malaysian context. However, not all companies listed in Malaysia will be included in this study, due to time and resources constraints. […]
Chapter 2: Literature Review 2.1 Background: Risk and Reward Any student of finance understands that one of the core themes of finance is about risk and rewards. This understanding is not something limited to the academic world, but is also inherently understood by financial market participants. Since centuries ago, financial market participants have been trying […]
Chapter 1: Introduction 1.1 Research Background In the last decades, it can be seen that quantitative methods and mathematical models are increasingly used by researchers in the context of security pricing. One of the important breakthrough concepts is the rise of Capital Asset Pricing Model (CAPM). Under the CAPM framework, the major risks relevant to […]
Chapter 5: CONCLUSION 5.1 Summary of the Research Findings From a review of the descriptive statistics of the research variables studied in this dissertation, it is found that the mean of the stock returns are generally positive. Then, the mean for changes of interest rates in Indonesia and Thailand is negative; while it is positive […]
Chapter 4: DATA ANALYSIS AND DISCUSSION 4.1 Descriptive Statistics In this section, the descriptive statistics of interest rates as well as stock returns for the countries in South East Asia being investigated in this dissertation is presented. As discussed previously, the stock returns can be proxy by the changes/ growth in market capitalization (i.e., which […]
Chapter 3: RESEARCH METHODS 3.1 Data to be used in Research The data to be used in this research will be obtained from the database of World Bank, at the website of http://databank.worldbank.org/ddp/home.do?Step=3&id=4. Accordingly, World Bank has a comprehensive database on the finance and economic related indicators for most of the countries in the world. […]