Effects of macroeconomic, microeconomic and financial ratios on stock price and credit rating of publicly listed companies in the Philippines (2009-2013): Using a time series econometrics and panel data regression model analysis
Date of Publication
2014
Document Type
Bachelor's Thesis
Degree Name
Bachelor of Science in Accountancy
Subject Categories
Accounting
College
Ramon V. Del Rosario College of Business
Department/Unit
Accountancy
Thesis Adviser
Herminigilda Salendrez
Defense Panel Member
Rodiel C. Ferrer
Jonathan Balagot
Abstract/Summary
Pinpointing the optimal source of capital continues to be a concern for both companies and investors and more importantly properly identifying significant factors that influence investment performance. In line with these aforementioned premises, the study conducted made use of country-specific, market-specific and company-specific variables, exploring the possible significant effects of macroeconomic variables (GDP, Foreign Direct Investment, Inflation, Interest Rates, & Exchange Rates) to the Philippine Stocks Exchange Index (PSEi) and microeconomic variable ((Market Capitalization) and market financial ratios (Dividends per share, Earnings per share, Book Value per share, Price Earnings Ratio, Dividend Payout Ratio, Current Ratio, Solvency Ratio, Return on Assets, and Profit Margi) to company-specific performance indicators such as the stock prices and credit ratings.
In accomplishing the study, two models were used namely, Time-Series Econometrics which indicated that only GDP and exchange rate have significant effect on PSEi and Panel Data Regression which showed that earnings per share and book value per share significantly affect stock prices whereas, no significant variable was observed in relation to the credit ratings of companies.
Abstract Format
html
Language
English
Format
Accession Number
TU18869
Shelf Location
Archives, The Learning Commons, 12F, Henry Sy Sr. Hall
Physical Description
124 leaves : illustrations (some colored) ; 28 cm. + ; 1 computer optical disc.
Keywords
Panel analysis; Analysis of variance
Recommended Citation
Cipriano, M. A., Leveriza, J. N., Napo, J. G., & Paras, L. R. (2014). Effects of macroeconomic, microeconomic and financial ratios on stock price and credit rating of publicly listed companies in the Philippines (2009-2013): Using a time series econometrics and panel data regression model analysis. Retrieved from https://animorepository.dlsu.edu.ph/etd_bachelors/11276
