A study on the relationship of macroeconomic variables and financial ratios on stock prices of publicly listed oil exploration companies in the Philippine Stock Exchange for the period 2006-2010
Date of Publication
2011
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
Joseph Vincent David
Defense Panel Chair
Rene B. Betita
Defense Panel Member
Jan Erik Angeles
Ermia Flor Quitalig
Abstract/Summary
This thesis paper wants to find out whether macroeconomic variables such as inflation rate, interest rate, foreign exchange rate and foreign direct investment, and performance ratios such as the current ratio, debt to equity ratio, and return on equity ratio affect the stock prices of publicly listed oil exploration companies in the Philippines namely: Basic Energy Corporation, Oriental Petrolelum and Minerals Corporation, Petron Energy Resources Corporation, PNOC Exploration Corporation, and The Philodrill Corporation. The paper studied these companies for the period 2006-2010.
Certain models used to analyze the data were: fixed effects model, random effects model, Hausman specification test, Breausch-Pagan/Cook-Weisberg test, and GLS regression with heteroscedasticity. Through the models and tests done, the researchers found out that all macroeconomic variables significantly affect the stock prices of the oil exploration companies in the Philippines, while only one performance ratio, the debt to equity ratio, significantly affects the stock prices of the said companies.
After reading this paper, the readers would understand more the importance of the macroeconomic variable and the companies' performance ratio to the stock prices of the companies most importantly if one is planning to invest in stocks of these companies.
Abstract Format
html
Language
English
Format
Accession Number
TU21644
Shelf Location
Archives, The Learning Commons, 12F, Henry Sy Sr. Hall
Physical Description
51, [7] leaves : illustrations
Keywords
Stocks--Prices--Philippines; Stock exchanges--Philippines; Macroeconomics--Philippines
Recommended Citation
Cadiz, V., Cruz, J., Lim, P., & San Pedro, A. (2011). A study on the relationship of macroeconomic variables and financial ratios on stock prices of publicly listed oil exploration companies in the Philippine Stock Exchange for the period 2006-2010. Retrieved from https://animorepository.dlsu.edu.ph/etd_bachelors/18415
