A study on the impact of changes in the market values of gold, silver and copper on the changes in stock returns of mining firms listed in the Philippine Stock Exchange from January 2001 to May 2006

Date of Publication

2006

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Commerce Major 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

Angelito A. Bala

Defense Panel Member

Joseph James F. Lago
Esperanza Joven
Rene B. Hapitan,

Abstract/Summary

For the past few years the mining industry in the Philippines has been very inactive in the stock market. The value of metals was not volatile. With intentions to protect the country's natural resources, the government formed laws that did not allow foreign investors to invest in the local mining industry. Without foreign investors to raise funds or capital, local mining firms have resorted to availing huge loans to meet their expenses. As a result of availing these huge loans, the mining firms in the Philippines have incurred losses which until now they are still trying to pay off. But recently, the Philippine government has allowed the entry of foreign investors in the local mining industry with the liberalization of the mining act. With the rise of the prices of metals in the world market, stocks of mining firms seem to also increase. This also gave way for the researchers to conduct the study and to know whether the changes in these metals really affect the changes in the stock returns of mining firms. The study mainly focused on testing the two variables and determined whether they really have a relationship using the regression analysis. In the succeeding chapters of this paper, the researchers discussed the nature of mining firms in terms of their operations and mainly, the production of gold, silver and copper. This is because despite the good performance of mining firms' stock prices, many of them have still been reporting net losses, others have stopped their operations for they no longer have sufficient funds, while some are still paying off their debts.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU21194

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

99 leaves : illustrations

Keywords

Mineral industries--Philippines; Mining corporations--Philippines

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