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
407 PDF Views | 412 PDF Downloads
Similar Articles with Keyword 'Stock price'
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 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, 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, China, Volume 5 Issue 12, December 2016
Pages: 863 - 867An Empirical Analysis of a Settlement Currency in the "Silk Road Economic Belt"
Xiaobing Jiang; Ya'nan Li
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, 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
Informative Article, Economics, India, Volume 9 Issue 8, August 2020
Pages: 925 - 927Impact of Oil Prices on Economic Growth of India
Ankit Chaudhary
Research Paper, Economics, Indonesia, Volume 5 Issue 11, November 2016
Pages: 1856 - 1860The Analysis of Export Determinant of Indonesian Pepper in the International Market
Ika Inayah, Rina Oktaviani, Heny K Daryanto
Similar Articles with Keyword 'Cointegration'
Research Paper, Economics, China, Volume 6 Issue 8, August 2017
Pages: 1291 - 1295The Influence of Supply-Side Factors on the Upgrading of Chinas Industrial Structure
Juan Shang, Yao Tong
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 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 3 Issue 10, October 2014
Pages: 1666 - 1671Impact of Selected Macroeconomic Indicators on Inflation in Kenya
Maureen Gathuu, George Kosimbei
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
Similar Articles with Keyword 'Granger causality'
Research Paper, Economics, China, Volume 6 Issue 8, August 2017
Pages: 1291 - 1295The Influence of Supply-Side Factors on the Upgrading of Chinas Industrial Structure
Juan Shang, Yao Tong
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, 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, Turkey, Volume 4 Issue 4, April 2015
Pages: 2768 - 2777On the Causal Relationship between Economic Growth and Renewable Energy Consumption: The Case of Turkey
Burhan DOAN, zgr AKEK
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