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The determinants of stock market performance: evidence from Malaysia during COVID-19 / Mohamad Irfan Akmal Harun

The stock market’s performance is critical in determining the direction of the current economy. Researchers have extensively documented the factors that influence the stock market for years. However, few studies focused on macroeconomic factors in Malaysia, especially during COVID-19. The study used...

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Main Author: Harun, Mohamad Irfan Akmal
Format: Article
Language:English
Published: UiTM Press 2024
Subjects:
Stock exchanges. Insider trading in securities
Online Access:https://ir.uitm.edu.my/id/eprint/107300/1/107300.pdf
https://ir.uitm.edu.my/id/eprint/107300/
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spelling my.uitm.ir.1073002024-12-05T06:45:02Z https://ir.uitm.edu.my/id/eprint/107300/ The determinants of stock market performance: evidence from Malaysia during COVID-19 / Mohamad Irfan Akmal Harun smrj Harun, Mohamad Irfan Akmal Stock exchanges. Insider trading in securities The stock market’s performance is critical in determining the direction of the current economy. Researchers have extensively documented the factors that influence the stock market for years. However, few studies focused on macroeconomic factors in Malaysia, especially during COVID-19. The study used weekly macroeconomic data during COVID-19 to assess the stock market determinants. Furthermore, the research confirms whether the determinants impacted the stock market during COVID-19. This paper used weekly data from the Malaysia Stock Exchange Composite Index, interest rates, inflation rates, and COVID-19 death cases from January 1, 2020, to December 31, 2022. The study looks at autoregressive distribution lag models (ARDL) and diagnostic tests to avoid econometric problems. The study found that COVID-19 cases had an insignificant and positive relationship towards stock market performance in the short run; however, there was a significant negative relationship in the long run. In light of this, the study contributes to broadening the current literature reviews by incorporating interest rates, inflation rates, and some control variables, COVID-19 cases, into the determination of the relationship between the Malaysia stock index during a pandemic. UiTM Press 2024-11 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/107300/1/107300.pdf The determinants of stock market performance: evidence from Malaysia during COVID-19 / Mohamad Irfan Akmal Harun. (2024) Social and Management Research Journal (SMRJ) <https://ir.uitm.edu.my/view/publication/Social_and_Management_Research_Journal_=28SMRJ=29/>, 21 (2): 12. pp. 161-179. ISSN 1675-7017
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Stock exchanges. Insider trading in securities
spellingShingle Stock exchanges. Insider trading in securities
Harun, Mohamad Irfan Akmal
The determinants of stock market performance: evidence from Malaysia during COVID-19 / Mohamad Irfan Akmal Harun
description The stock market’s performance is critical in determining the direction of the current economy. Researchers have extensively documented the factors that influence the stock market for years. However, few studies focused on macroeconomic factors in Malaysia, especially during COVID-19. The study used weekly macroeconomic data during COVID-19 to assess the stock market determinants. Furthermore, the research confirms whether the determinants impacted the stock market during COVID-19. This paper used weekly data from the Malaysia Stock Exchange Composite Index, interest rates, inflation rates, and COVID-19 death cases from January 1, 2020, to December 31, 2022. The study looks at autoregressive distribution lag models (ARDL) and diagnostic tests to avoid econometric problems. The study found that COVID-19 cases had an insignificant and positive relationship towards stock market performance in the short run; however, there was a significant negative relationship in the long run. In light of this, the study contributes to broadening the current literature reviews by incorporating interest rates, inflation rates, and some control variables, COVID-19 cases, into the determination of the relationship between the Malaysia stock index during a pandemic.
format Article
author Harun, Mohamad Irfan Akmal
author_facet Harun, Mohamad Irfan Akmal
author_sort Harun, Mohamad Irfan Akmal
title The determinants of stock market performance: evidence from Malaysia during COVID-19 / Mohamad Irfan Akmal Harun
title_short The determinants of stock market performance: evidence from Malaysia during COVID-19 / Mohamad Irfan Akmal Harun
title_full The determinants of stock market performance: evidence from Malaysia during COVID-19 / Mohamad Irfan Akmal Harun
title_fullStr The determinants of stock market performance: evidence from Malaysia during COVID-19 / Mohamad Irfan Akmal Harun
title_full_unstemmed The determinants of stock market performance: evidence from Malaysia during COVID-19 / Mohamad Irfan Akmal Harun
title_sort determinants of stock market performance: evidence from malaysia during covid-19 / mohamad irfan akmal harun
publisher UiTM Press
publishDate 2024
url https://ir.uitm.edu.my/id/eprint/107300/1/107300.pdf
https://ir.uitm.edu.my/id/eprint/107300/
_version_ 1817847404743884800
score 13.222552

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