Economic influences on plantation sector stock prices In malaysia: a quantile regression approach
This study aims to examine the relationship between microeconomic, sentiment, and macroeconomic variables across three quantiles (q25, q50, and q75) of stock prices in the Malaysian plantation sector. This study used Earnings per share (EPS) and return on equity (ROE) as the proxy for microeconomic...
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| Format: | Article |
| Language: | English English |
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Macrothink Institute
2024
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| Online Access: | https://eprints.ums.edu.my/id/eprint/41962/1/ABSTRACT.pdf https://eprints.ums.edu.my/id/eprint/41962/2/FULL%20TEXT.pdf |
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| author | Wong Vui Ken Saizal Pinjaman |
| author_facet | Wong Vui Ken Saizal Pinjaman |
| author_sort | Wong Vui Ken |
| collection | UMS |
| description | This study aims to examine the relationship between microeconomic, sentiment, and macroeconomic variables across three quantiles (q25, q50, and q75) of stock prices in the Malaysian plantation sector. This study used Earnings per share (EPS) and return on equity (ROE) as the proxy for microeconomic variables, consumer sentiment index (CSI), and business condition index (BCI) as the proxy for sentiment variables, while inflation (INF which proxy from consumer price index) and exchange rate (ER, RM/USD) as the proxy for macroeconomic variables. Using a panel dataset covering 32 listed companies in plantation sector from 2008Q3 to 2023Q3. Result of quantile regression indicates that EPS, BCI, INF have a consistently positive and statistically significant relationship with stock prices across all quantiles. ROE has a mixed impact, with a positive relationship at the 25th and 50th quantile, but with a negative relationship at the 75th quantile. Furthermore, CSI and ER have a consistently negative and statistically significant relationship with stock prices across all quantiles. |
| first_indexed | 2024-12-09T00:54:04Z |
| format | Article |
| id | ums.eprints-41962 |
| institution | Universiti Malaysia Sabah |
| language | English English |
| last_indexed | 2024-12-09T00:54:04Z |
| publishDate | 2024 |
| publisher | Macrothink Institute |
| record_format | dspace |
| spelling | ums.eprints-419622024-11-20T04:23:39Z https://eprints.ums.edu.my/id/eprint/41962/ Economic influences on plantation sector stock prices In malaysia: a quantile regression approach Wong Vui Ken Saizal Pinjaman HB1-3840 Economic theory. Demography Q1-390 Science (General) This study aims to examine the relationship between microeconomic, sentiment, and macroeconomic variables across three quantiles (q25, q50, and q75) of stock prices in the Malaysian plantation sector. This study used Earnings per share (EPS) and return on equity (ROE) as the proxy for microeconomic variables, consumer sentiment index (CSI), and business condition index (BCI) as the proxy for sentiment variables, while inflation (INF which proxy from consumer price index) and exchange rate (ER, RM/USD) as the proxy for macroeconomic variables. Using a panel dataset covering 32 listed companies in plantation sector from 2008Q3 to 2023Q3. Result of quantile regression indicates that EPS, BCI, INF have a consistently positive and statistically significant relationship with stock prices across all quantiles. ROE has a mixed impact, with a positive relationship at the 25th and 50th quantile, but with a negative relationship at the 75th quantile. Furthermore, CSI and ER have a consistently negative and statistically significant relationship with stock prices across all quantiles. Macrothink Institute 2024 Article NonPeerReviewed text en https://eprints.ums.edu.my/id/eprint/41962/1/ABSTRACT.pdf text en https://eprints.ums.edu.my/id/eprint/41962/2/FULL%20TEXT.pdf Wong Vui Ken and Saizal Pinjaman (2024) Economic influences on plantation sector stock prices In malaysia: a quantile regression approach. Business and Economic Research, 14 (4). pp. 1-14. ISSN 2162-4860 https://doi.org/10.5296/ber.v14i4.22099 |
| spellingShingle | HB1-3840 Economic theory. Demography Q1-390 Science (General) Wong Vui Ken Saizal Pinjaman Economic influences on plantation sector stock prices In malaysia: a quantile regression approach |
| title | Economic influences on plantation sector stock prices In malaysia: a quantile regression approach |
| title_full | Economic influences on plantation sector stock prices In malaysia: a quantile regression approach |
| title_fullStr | Economic influences on plantation sector stock prices In malaysia: a quantile regression approach |
| title_full_unstemmed | Economic influences on plantation sector stock prices In malaysia: a quantile regression approach |
| title_short | Economic influences on plantation sector stock prices In malaysia: a quantile regression approach |
| title_sort | economic influences on plantation sector stock prices in malaysia a quantile regression approach |
| topic | HB1-3840 Economic theory. Demography Q1-390 Science (General) |
| url | https://eprints.ums.edu.my/id/eprint/41962/1/ABSTRACT.pdf https://eprints.ums.edu.my/id/eprint/41962/2/FULL%20TEXT.pdf |
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