Title

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 Department

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

Print

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

Embargo Period

5-11-2021

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