Please use this identifier to cite or link to this item:
Title: Relationship between Macroeconomic Variables and Stock Market Development Evidences from the Indian Economy
Researcher: Joshi Pooja
Guide(s): Giri A. K.
Keywords: Macroeconomic, Stock, Market,
University: Birla Institute of Technology and Science
Completed Date: 18/08/2015
Abstract: Stock market performance is considered as the reflector of financial and economic conditions of a country. The dynamic linkage between macroeconomic variables and stock prices has fetched increasing amount of attention from economists, financial analysts, investors and policy makers, since 1980s. There are number of domestic and international macroeconomic factors that potentially can affect the stock returns of the companies (Fama, 1981, Chen et al., 1986). According to Fama (1981), there is a comprehensive group of macroeconomic variables that influences the stock prices in the share market of any country. It is believed that, if a country s economy is performing well and expected to grow at a vigorous pace, the market is frequently anticipated to reflect the same. newlineThe relationship between macroeconomic variables and stock prices has been the focus of an immense body of theoretical and empirical research since the 19th century. The debate over the decades has been whether the movement in stock prices leads to the change in economic activity or it is one of the causes of change. newline
Appears in Departments:Economics & Finance

Files in This Item:
File Description SizeFormat 
synopsis_pooja.pdfAttached File457.77 kBAdobe PDFView/Open
thesis_pooja.pdf3.35 MBAdobe PDFView/Open

Items in Shodhganga are protected by copyright, with all rights reserved, unless otherwise indicated.