Research Paper | Economics | China | Volume 9 Issue 1, January 2020
Relationship between Exchange Rate and Stock Prices: Empirical Evidence from Cambodia
Bunheng Khon, Sorphasith Xaisongkham, Somchith Sompaseuth
This empirical study attempts to investigate the relationship between exchange rate and stock prices of Cambodia security exchange (CSX) by adopting monthly data of stock prices and exchange rate from 2015-2018. In this research, the author employed the unit root test, cointegration by Johansen and granger causality test for finding the relationship between two variables. The results illustrated two variables are stationary in the first different I (1). Exchange rate and stock prices have no relationship in the short-run (P-value 0.21>0.05), but in the long-run they are associated with significant 99 %. Granger causality test revealed that stock prices and exchange rates are independence.
Keywords: Stock price, Exchange rate, Cointegration, Granger causality
Edition: Volume 9 Issue 1, January 2020
Pages: 20 - 24
How to Cite this Article?
Bunheng Khon, Sorphasith Xaisongkham, Somchith Sompaseuth, "Relationship between Exchange Rate and Stock Prices: Empirical Evidence from Cambodia", International Journal of Science and Research (IJSR), https://www.ijsr.net/search_index_results_paperid.php?id=ART20203812, Volume 9 Issue 1, January 2020, 20 - 24
159 PDF Views | 197 PDF Downloads
Similar Articles with Keyword 'Stock price'
Research Paper, Economics, Indonesia, Volume 6 Issue 2, February 2017
Pages: 1790 - 1793The Stock Market of Infrastructure Sector: A Weak-Form EMH Test
Adi Gunarso, Hermanto Siregar, Tony Irawan
Research Paper, Economics, Indonesia, Volume 4 Issue 4, April 2015
Pages: 2310 - 2314The Analysis of Effect of Economic Value Added (EVA) and Market Value Added (MVA) on Share Price of Subsector Companies of Property Incorporated in LQ45 Indonesia Stock Exchange in Period of 2009-2013
Muhammad Mara Ikbar, Andrieta Shintia Dewi
Research Paper, Economics, China, Volume 5 Issue 10, October 2016
Pages: 1582 - 1587Analysis of Interest Rate and Stock Price in Africa: Case Study of Ghanaian Listed Firms
Bridget Opoku-Agyemang, Grace Ofori-Abebrese, Benjamin Korankye
Research Paper, Economics, Indonesia, Volume 8 Issue 1, January 2019
Pages: 1576 - 1581Analysis of the Relationship of Macroeconomic Factors to Emerging Market Stock Prices
Endang Mahpudin
Research Paper, Economics, Indonesia, Volume 6 Issue 2, February 2017
Pages: 627 - 633Banking Subsector: Performance Ratio Influence to Bank?s Stock Prices during the Period 2010 - 2014
Linda Dwi Roswitasari, Noer Azam Achsani, Trias Andati
Similar Articles with Keyword 'Exchange rate'
Research Paper, Economics, Turkey, Volume 5 Issue 4, April 2016
Pages: 1888 - 1898Long and Short Term Relationship between Real Exchange Rate, Travel Revenues and Expenditure in Turkey during the Period of 2003:1-2016:1
Nazm CATALBAS
Research Paper, Economics, Nigeria, Volume 4 Issue 4, April 2015
Pages: 1592 - 1600Empirical Analysis of Exchange Rate Volatility and Nigeria Stock Market Performance
Muhammad Lawal, Victor UshahembaIjirshar
Research Paper, Economics, Indonesia, Volume 5 Issue 8, August 2016
Pages: 1090 - 1096Analysis the Influence of Internal Factor and External Factor on Yield Bonds Government in 2011-2014
Utami Yuliani, Bambang Juanda, Trias Andati
Research Paper, Economics, Nigeria, Volume 5 Issue 3, March 2016
Pages: 1944 - 1948Effectiveness of Naira Devaluation on Economic Growth in Nigeria
Osundina Kemisola C., Osundina Jacob A.
Research Paper, Economics, India, Volume 3 Issue 10, October 2014
Pages: 1703 - 1708Macro-Economic Determinants of Balance of Payment in India
Dr. Anupreet Kaur Mavi, Dr. Nishi Sharma
Similar Articles with Keyword 'Cointegration'
Research Paper, Economics, Turkey, Volume 5 Issue 4, April 2016
Pages: 1888 - 1898Long and Short Term Relationship between Real Exchange Rate, Travel Revenues and Expenditure in Turkey during the Period of 2003:1-2016:1
Nazm CATALBAS
Research Paper, Economics, Pakistan, Volume 5 Issue 3, March 2016
Pages: 1856 - 1859Impact of Foreign Direct Investment on Sectors of GDP Pakistan Perspective
Muhammad Ajmair, Ashiq Hussain
Research Paper, Economics, Nigeria, Volume 3 Issue 11, November 2014
Pages: 2571 - 2577Investigation of the Impact of Non-Oil Revenue on Economic Growth in Nigeria
Ude Damian Kalu, Agodi Joy E.
Research Paper, Economics, Kenya, Volume 6 Issue 6, June 2017
Pages: 1980 - 1984Effect of Inflation on Unemployment in Kenya
Moses K Macharia, Aggrey Otieno
Research Paper, Economics, Saudi Arabia, Volume 4 Issue 9, September 2015
Pages: 623 - 629What Derives Public Health Expenditures in Saudi Arabia? Macro-Econometric Analysis
Mohamed A. Ismail PhD
Similar Articles with Keyword 'Granger causality'
Research Paper, Economics, Turkey, Volume 5 Issue 4, April 2016
Pages: 1888 - 1898Long and Short Term Relationship between Real Exchange Rate, Travel Revenues and Expenditure in Turkey during the Period of 2003:1-2016:1
Nazm CATALBAS
Research Paper, Economics, Nigeria, Volume 4 Issue 4, April 2015
Pages: 1592 - 1600Empirical Analysis of Exchange Rate Volatility and Nigeria Stock Market Performance
Muhammad Lawal, Victor UshahembaIjirshar
Research Paper, Economics, Tunisia, Volume 3 Issue 11, November 2014
Pages: 1765 - 1780Study of the Dynamics of Asset Prices by a Behavioral Approach: Theoretical Foundations & Empirical Investigation
Mr. Nizar El Ouni
Research Paper, Economics, Nigeria, Volume 5 Issue 8, August 2016
Pages: 1760 - 1764Oil Revenue and Nigeria Macroeconomic Performance: An Econometric Analysis
Dr Fredrick Asogwa, Linus Donatus Okpongette
Research Paper, Economics, China, Volume 5 Issue 10, October 2016
Pages: 1582 - 1587Analysis of Interest Rate and Stock Price in Africa: Case Study of Ghanaian Listed Firms
Bridget Opoku-Agyemang, Grace Ofori-Abebrese, Benjamin Korankye