The impact of Asian financial crisis and global ICT sectors correction on the relationships between stock prices and exchange rates in ASEAN-5
This paper has investigated the dynamic impacts of the Asian financial crisis and global Information, Communication and Technology (ICT) sector correction on the relationships between exchange rates and stock prices for the ASEAN-5 funding countries. They are Malaysia, Singapore, Thailand, the Phili...
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| Format: | Article |
| Language: | English |
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2005
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| Online Access: | https://eprints.ums.edu.my/id/eprint/18679/1/The%20impact%20of%20Asian%20financial%20crisis%20and%20global%20ICT%20sectors%20correction%20on%20the%20relationships%20between%20stock%20prices%20and%20exchange%20rates%20in%20ASEAN.pdf |
| _version_ | 1825713265014996992 |
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| author | Ooi, Ai Yee Tan, Bee Ling Lee, Hock Ann |
| author_facet | Ooi, Ai Yee Tan, Bee Ling Lee, Hock Ann |
| author_sort | Ooi, Ai Yee |
| collection | UMS |
| description | This paper has investigated the dynamic impacts of the Asian financial crisis and global Information, Communication and Technology (ICT) sector correction on the relationships between exchange rates and stock prices for the ASEAN-5 funding countries. They are Malaysia, Singapore, Thailand, the Philippines, and Indonesia. Using daily data 1995 – 2001, the results of variance decompositions analysis suggest that during pre-crisis, crisis and ICT bubble, the exchange rates have more influential power in influencing stock prices. Thus, this finding is in line with the traditional approach of stock prices determination, where exchange rate change is expected to give rise to stock price change. However, during post-bubble period stock prices become the dominant explanatory variable in all countries. |
| first_indexed | 2024-03-06T02:53:51Z |
| format | Article |
| id | ums.eprints-18679 |
| institution | Universiti Malaysia Sabah |
| language | English |
| last_indexed | 2024-03-06T02:53:51Z |
| publishDate | 2005 |
| record_format | dspace |
| spelling | ums.eprints-186792018-02-09T07:14:44Z https://eprints.ums.edu.my/id/eprint/18679/ The impact of Asian financial crisis and global ICT sectors correction on the relationships between stock prices and exchange rates in ASEAN-5 Ooi, Ai Yee Tan, Bee Ling Lee, Hock Ann HG Finance This paper has investigated the dynamic impacts of the Asian financial crisis and global Information, Communication and Technology (ICT) sector correction on the relationships between exchange rates and stock prices for the ASEAN-5 funding countries. They are Malaysia, Singapore, Thailand, the Philippines, and Indonesia. Using daily data 1995 – 2001, the results of variance decompositions analysis suggest that during pre-crisis, crisis and ICT bubble, the exchange rates have more influential power in influencing stock prices. Thus, this finding is in line with the traditional approach of stock prices determination, where exchange rate change is expected to give rise to stock price change. However, during post-bubble period stock prices become the dominant explanatory variable in all countries. 2005 Article PeerReviewed text en https://eprints.ums.edu.my/id/eprint/18679/1/The%20impact%20of%20Asian%20financial%20crisis%20and%20global%20ICT%20sectors%20correction%20on%20the%20relationships%20between%20stock%20prices%20and%20exchange%20rates%20in%20ASEAN.pdf Ooi, Ai Yee and Tan, Bee Ling and Lee, Hock Ann (2005) The impact of Asian financial crisis and global ICT sectors correction on the relationships between stock prices and exchange rates in ASEAN-5. Review of Business Research, 5 (2). pp. 14-20. |
| spellingShingle | HG Finance Ooi, Ai Yee Tan, Bee Ling Lee, Hock Ann The impact of Asian financial crisis and global ICT sectors correction on the relationships between stock prices and exchange rates in ASEAN-5 |
| title | The impact of Asian financial crisis and global ICT sectors correction on the relationships between stock prices and exchange rates in ASEAN-5 |
| title_full | The impact of Asian financial crisis and global ICT sectors correction on the relationships between stock prices and exchange rates in ASEAN-5 |
| title_fullStr | The impact of Asian financial crisis and global ICT sectors correction on the relationships between stock prices and exchange rates in ASEAN-5 |
| title_full_unstemmed | The impact of Asian financial crisis and global ICT sectors correction on the relationships between stock prices and exchange rates in ASEAN-5 |
| title_short | The impact of Asian financial crisis and global ICT sectors correction on the relationships between stock prices and exchange rates in ASEAN-5 |
| title_sort | impact of asian financial crisis and global ict sectors correction on the relationships between stock prices and exchange rates in asean 5 |
| topic | HG Finance |
| url | https://eprints.ums.edu.my/id/eprint/18679/1/The%20impact%20of%20Asian%20financial%20crisis%20and%20global%20ICT%20sectors%20correction%20on%20the%20relationships%20between%20stock%20prices%20and%20exchange%20rates%20in%20ASEAN.pdf |
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