An analysis of the effect of money supply and net asset value per share to common stock prices in the Philippines

Date of Publication

2007

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

Ruben Carlo O. Asuncion

Defense Panel Chair

Neriza M. Delfino

Defense Panel Member

Pedro Benedicto, Jr.
Ben Radoc

Abstract/Summary

This study aims to determine the effect of M1 and percentage change in NAVPS on percentage change in PHISIX/PSEi. The scope of the study is from February 1995 to July 2007. The model has been tested for structural breaks to take into account the effects of external shocks.

Results indicate that the independent variable percentage change in NAVPS has an effect on dependent variable but there was no causality. A casual relationship between M1 and percentage change in PHISIX/PSEi has been established when tested with 6 lags, however, the regression results indicate that M1 is insignificant.

In this study, it was concluded that the behavior of stocks is random which is consistent with the findings of previous studies and the efficient markets theory.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU21895

Shelf Location

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

Physical Description

46, [25] leaves

Keywords

Stocks--Prices--Philippines; Stocks--Philippines

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