Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 64 for “"Macroeconomic factors"”.
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The dynamic effect of macroeconomic factors on housing prices: Evidence from South Africa
… between South African real house prices and macroeconomic fundamentals (gross domestic product, mortgage rate, exchange rate-USDZAR, affordability, household debt to disposable income, unemployment rate, share prices (JSE ALL share index), foreign direct investment, and producer price index) …
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Internal stock market returns and systematic risk factors. An empirical investigation into the APT using macroeconomic factors and multivariate estimation
… between stock market returns and systematic risk factors in twelve industrial countries. Using the APT framework, the thesis investigates the notion of international stock market integration versus segmentation in terms of pricing risk, international stock market efficiency in terms of eliminating …
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The Determinants of Off-Balance-Sheet Banking Risk: The U.S. and International Evidence
… hypothesis and non-regulatory bank-specific factors to test the market discipline hypothesis. We also include macroeconomic factors to test for the general economic notion impact on U.S. banks' OBS guarantees. The results reject the regulatory tax hypothesis and conclude that regulations have …
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Empirical Analysis of Farm Credit Risk Under the Structure Model
… long-time loss data and limited information of macroeconomic factors on changes of farm assets.
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Vartojimo kredito dinamika ir analizė Lietuvoje /
… growth of the consumer credit market in relation macroeconomic factors in Lithuania. The work consists of three main parts: the analysis of literature, the research and its results, conclusion and recommendations. The literaure rewiew analyzes the concept of consumer credit, reviews the main …
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A study of the macro economic factors affecting the value of the Zambian Kwacha.
… study was aimed at determining the influence of macroeconomic factors on foreign currency exchange rate fluctuations and the value of the Zambian Kwacha. Macroeconomic factors include inflation rates, interest rates, Gross Domestic Product growth rate (GDP) and Balance of Payments which …
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Firm level factors that affect returns to real estate investment trusts
… variables to adjust results for the impact of macroeconomic factors. In addition, indexes for the broader markets are identified and included in the regressions to adjust for the impact of trends in the general market. Following adjustments for macroeconomic factors and general market trends …
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Three Essays on Market Discipline in the Banking Industry
… are associated with their idiosyncratic risk factors, as well as bond features, and macroeconomic factors, over a complete business cycle across the pre-crisis (2003:Q1 to 2007:Q3), crisis (2007:Q4 to 2009:Q2), and post-crisis (2009:Q3 to 2014:Q3) periods. Both Global and Domestic SIBs (G-SIBs …
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Do macroeconomic variables explain future stock market movements in South Africa?
… to address the empirical question of whether macroeconomic variables drive future stock market returns in South Africa. If found, the macroeconomic variables would therefore constitute useful predictive information for the future FTSE/JSE All Share Index. The data was examined from 1965 to …
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The Determinants of Non-Performing Loans: Evidence from African Banking Systems
… sectors and the varying impact that certain macroeconomic conditions have on different countries' banking systems. This study empirically investigates the leading determinants of credit risk in the African context by employing the ARDL approach to cointegration on eight African countries: …
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Tactical Allocation Through the Lens of Correlational Time-Variance, Determinants, and Regimes
… we present robust and persuasive evidence of macroeconomic factors as determinants of temporal change. Leveraging time-varying Granger causality, we unearth elusive yet significant relationships. Our research pivots to practice, illustrating outperformance in portfolios constructed upon the …
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Extreme Value Theory with an Application to Bank Failures through Contagion
… of shocks: external shocks due to market and macroeconomic factors which impact the entire banking system, and idiosyncratic shocks due to failure of a single bank. The external shocks will be estimated by using two methods: (i) non-parametric simulation of the time series of shocks that …
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Investigation of factor rotation routines in principal component analysis of stock returns
… of stock returns, in an attempt to identify the macroeconomic factors that best explain the variability among risk-adjusted stock returns on the Johannesburg Stock Exchange. An alternative to the more traditional rotation approaches is used, which creates subsets of principal components with …
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The factors determining office investment markets in South-East Asian cities : with reference to Hong Kong, Singapore, Taipei, Bangkok and Kuala Lumpur
… office markets are influenced by non-econometric factors such as the nature and evolution of the markets and their institutional environment, but these have largely been ignored in previous studies. This research examines office markets by combining a demand and supply econometric framework and …
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The interplay between exchange rate regimes and asset prices : a comprehensive investigation
The study aims to explore the systematic factors affecting asset returns in Africa, particularly the dynamic and asymmetric impact of macroeconomic variables on stock returns by incorporating exchange rate regimes into the valuation process. This aim is motivated by the disparity between the surge …
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Important factors for shipping companies in raising funds in the equity and high yield bond public capital markets
This thesis attempts to identify factors that are important for shipping companies in tapping the capital markets for finance, either to raise equity or to issue debt in the high yield bond market. The analysis is carried out through the presentation of three research papers. The first paper …
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Analisis pengaruh faktor fundamental dan makroekonomi terhadap return saham: Studi pada industri media advertising dan printing di BEI periode 2008-2013
… deeper study of the influence of fundamental and macroeconomic factors. This study aims to determine the effect of macroeconomic factors and company fundamentals are comprised of variable current ratio (CR), Debt Equity Ratio (DER), Return on Assets (ROA), Total Asset Turn Over (TATO), Exchange …
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The impact of macroeconomic variables on the Johannesburg Stock Exchange (JSE) indices
… to examine the long-term relationship between macroeconomic factors and stock market index levels for selected indices through a structural model which consists of a security valuation approach in the form of Dividend Discount Model(DDM) and an Engle and Granger cointegration model. The …
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The effects of exchange rate volatility on private capital inflows in Zambia,1992-2012
… Zambia. The results also suggest that supportive macroeconomic factors are imperative in enhancing the inflow of private capital in the country. This enquiry supports the commitment of policymakers to exchange rate and macroeconomic stability as key to private capital inflows thriving in Zambia.
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The effects of exchange rate volatility on private capital inflows in Zambia,1992-2012
… Zambia. The results also suggest that supportive macroeconomic factors are imperative in enhancing the inflow of private capital in the country. This enquiry supports the commitment of policymakers to exchange rate and macroeconomic stability as key to private capital inflows thriving in Zambia.
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