Will it matter?: An empirical analysis on how the period of presidential elections affect the stock market and the value of currency in the Philippines
Date of Publication
2017
Document Type
Bachelor's Thesis
Degree Name
Bachelor of Science in Management of Financial Institutions
Subject Categories
Finance and Financial Management
College
Ramon V. Del Rosario College of Business
Department/Unit
Financial Management
Thesis Adviser
Marycris Albao
Defense Panel Chair
Ma. Fluellen Bautista
Defense Panel Member
Ray Almonares
Patrick Caoile
Abstract/Summary
The research objective is to answer the question: "How did the Philippine presidential elections from the year 1997-2016 affect the relationship of the Philippine Stock Market index and the Philippine peso against the U.S dollar?" To empirically answer the question, the proponents used vector autoregression with the Granger causality test for the major statistical analysis. Daily data was used specifically for every weekday from 1997-2016 for the reason of needing to have parallel data from the PSEi and USD/PHP variables. The outcome of the study suggests that for the given time period, the presidential elections did not have a significant effect on the relationship of the PSEi and USD/PHP values for 3 months before and after, and 6 months before and after. Lastly, the results showed that there was indeed a Granger causality from USD/PHP values to the PSEi across the whole period of the study, with USD/PHP leading PSEi.
Abstract Format
html
Language
English
Format
Accession Number
TU19976
Shelf Location
Archives, The Learning Commons, 12F, Henry Sy Sr. Hall
Physical Description
II, 234, 4 leaves, illustrations (some color), 29 cm. + 1 computer disc ";"4 3/4 in."
Keywords
Stock exchanges and current events--Philippines
Recommended Citation
Castaños, T. D., & Peregrino, M. D. (2017). Will it matter?: An empirical analysis on how the period of presidential elections affect the stock market and the value of currency in the Philippines. Retrieved from https://animorepository.dlsu.edu.ph/etd_bachelors/14938
Embargo Period
5-11-2021