Date of Publication
12-2022
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 Department
Thesis Advisor
Dioscoro P. Baylon, Jr
Defense Panel Chair
John Paul Tanyag
Defense Panel Member
Patricia Benito
Beata Maria De Ocampo
Abstract/Summary
The objective of the study was to analyze the impact of Information Communication Technology (ICT) and select control variables on the Stock Market Development of ASEAN-6 and East Asian-3 countries. The study examined data from the World Bank spanning from the years 2010 to 2019 through a panel data regression which concluded that the OLS Model is more effective than Fixed Effects Model and Random Effects Model. The first model, Stock Market Total Value Traded (SMTV), found that there is a significant relationship between the lagged value of Stock Market Total Value Traded (SMTV_1), Number of Broadband Users (NBU), Number of Mobile Users (NMU), GDP, and EcoStatusDeveloping to Stock Market Total Value Traded (SMTV). The second model, Stock Market Capitalization (SMC), found that there is a significant relationship between the lagged value of Stock Market Capitalization (SMC_1), Number of Fixed Telephone Subscribers (NFTS), Number of Mobile Users (NMU), and GDP to Stock Market Capitalization (SMC). The third model, Stock Market Turnover Ratio (SMTR), found that there is a significant relationship between the Number of Broadband Users (NBU), Internet Users (IU), and Number of Mobile Users (NMU) to Stock Market Turnover Ratio (SMTR). Finally, the fourth model, Number of Listed Companies (NLC), found that there is a significant relationship between Number of Fixed Telephone Subscribers (NFTS), and Number of Broadband Users (NBU) to Number of Listed Companies (NLC). The study concluded that ICT boosts stock market development.
Abstract Format
html
Language
English
Format
Electronic
Keywords
Stock exchanges—Southeast Asia
Recommended Citation
Dela Cruz, E. S., Shi, H., Tan, E. D., & Tan, M. V. (2022). Relationship of information and communication technology (ICT) and stock market development (SMD): Empirical evidence using a panel of ASEAN-6 and East Asian-3 countries. Retrieved from https://animorepository.dlsu.edu.ph/etdb_finman/41
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Embargo Period
12-12-2022
