The impact of announcement of changes in the overnight rates of the Bangko Sentral ng Pilipinas on the stock returns of publicly listed universal and commercial banks in the Philippine stock exchange from 2003-2008
Date of Publication
2008
Document Type
Bachelor's Thesis
Degree Name
Bachelor of Science in Commerce Major in Management of Financial Institutions
College
Ramon V. Del Rosario College of Business
Department/Unit
Financial Management
Thesis Adviser
Clive Manuel O. Wee Sit
Defense Panel Chair
Andrew Adrian Yu Pua
Defense Panel Member
Robert Dan J. Roces
Rolando Esguerre
Abstract/Summary
Based on Madura and Schnusenberg's (2000) study entitled Effect of Federal Reserve Policies on Bank Equity Returns, this paper investigated the impact of announcement of changes in the overnight borrowing rate and the overnight lending rate of the Bangko Sentral ng Pilipinas on the stock returns of publicly listed universal and commercial banks in the Philippine Stock Exchange, covering the period from January 2003 to April 2008, using monthly data. It was found announcements of changes in the overnight rates generally do not have an impact on stock returns of banks. Further examination using daily data still yielded significant results.
Abstract Format
html
Language
English
Format
Accession Number
TU14827
Shelf Location
Archives, The Learning Commons, 12F, Henry Sy Sr. Hall
Physical Description
130 leaves : col. ill.
Keywords
Banks and banking--Philippines; Interest rates--Philippines; Rate of return--Philippines; Stock exchange--Philippines; Central Bank of the Philippines
Recommended Citation
Escoto, A. R., & Hugo, J. B. (2008). The impact of announcement of changes in the overnight rates of the Bangko Sentral ng Pilipinas on the stock returns of publicly listed universal and commercial banks in the Philippine stock exchange from 2003-2008. Retrieved from https://animorepository.dlsu.edu.ph/etd_bachelors/17486
