The impact of natural disasters on the performance of the stock market: Case of the ASEAN 5
Date of Publication
2015
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
Abstract/Summary
The occurrence of financial disasters is inevitable. Investors and companies should be aware how these disasters may affect business operations. Although the ASEAN is a calamity prone area, studies on the ASEAN countries and natural disasters and comparison between countries are limited among researchers. Focusing therefore on the ASEAN 5, this study explores the impact of natural disasters, specifically earthquakes and floods, on the performance of the stock market for the years 2000-2014 using ARGH/GARCH-M models. Generally, natural disasters do not have any significant impact on the market. However, the gaining from loss hypothesis of Shelor et al. (1992) was evident for most of the countries rather than suffering from loss from the disaster. Meanwhile, all countries except for the case of the Philippines showed a manifestation of risk return trade-off wherein higher risk leads to lower return.
Abstract Format
html
Language
English
Format
Accession Number
TU20474
Shelf Location
Archives, The Learning Commons, 12F, Henry Sy Sr. Hall
Recommended Citation
Esteban, S. M., Paraggua, K. T., & Pocpoc, B. A. (2015). The impact of natural disasters on the performance of the stock market: Case of the ASEAN 5. Retrieved from https://animorepository.dlsu.edu.ph/etd_bachelors/18062
