International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
www.ijsr.net | Most Trusted Research Journal Since Year 2012

ISSN: 2319-7064



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

Share this Article

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

Download Article PDF

Similar Articles with Keyword 'Stock price'

Research Paper, Economics, Indonesia, Volume 6 Issue 2, February 2017

Pages: 1790 - 1793

The Stock Market of Infrastructure Sector: A Weak-Form EMH Test

Adi Gunarso, Hermanto Siregar, Tony Irawan

Share this Article

Research Paper, Economics, Indonesia, Volume 4 Issue 4, April 2015

Pages: 2310 - 2314

The 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

Share this Article

Research Paper, Economics, China, Volume 5 Issue 10, October 2016

Pages: 1582 - 1587

Analysis of Interest Rate and Stock Price in Africa: Case Study of Ghanaian Listed Firms

Bridget Opoku-Agyemang, Grace Ofori-Abebrese, Benjamin Korankye

Share this Article

Research Paper, Economics, Indonesia, Volume 8 Issue 1, January 2019

Pages: 1576 - 1581

Analysis of the Relationship of Macroeconomic Factors to Emerging Market Stock Prices

Endang Mahpudin

Share this Article

Research Paper, Economics, Indonesia, Volume 6 Issue 2, February 2017

Pages: 627 - 633

Banking Subsector: Performance Ratio Influence to Bank?s Stock Prices during the Period 2010 - 2014

Linda Dwi Roswitasari, Noer Azam Achsani, Trias Andati

Share this Article

Similar Articles with Keyword 'Exchange rate'

Research Paper, Economics, Turkey, Volume 5 Issue 4, April 2016

Pages: 1888 - 1898

Long and Short Term Relationship between Real Exchange Rate, Travel Revenues and Expenditure in Turkey during the Period of 2003:1-2016:1

Nazm CATALBAS

Share this Article

Research Paper, Economics, Nigeria, Volume 4 Issue 4, April 2015

Pages: 1592 - 1600

Empirical Analysis of Exchange Rate Volatility and Nigeria Stock Market Performance

Muhammad Lawal, Victor UshahembaIjirshar

Share this Article

Research Paper, Economics, Indonesia, Volume 5 Issue 8, August 2016

Pages: 1090 - 1096

Analysis the Influence of Internal Factor and External Factor on Yield Bonds Government in 2011-2014

Utami Yuliani, Bambang Juanda, Trias Andati

Share this Article

Research Paper, Economics, Nigeria, Volume 5 Issue 3, March 2016

Pages: 1944 - 1948

Effectiveness of Naira Devaluation on Economic Growth in Nigeria

Osundina Kemisola C., Osundina Jacob A.

Share this Article

Research Paper, Economics, India, Volume 3 Issue 10, October 2014

Pages: 1703 - 1708

Macro-Economic Determinants of Balance of Payment in India

Dr. Anupreet Kaur Mavi, Dr. Nishi Sharma

Share this Article

Similar Articles with Keyword 'Cointegration'

Research Paper, Economics, Turkey, Volume 5 Issue 4, April 2016

Pages: 1888 - 1898

Long and Short Term Relationship between Real Exchange Rate, Travel Revenues and Expenditure in Turkey during the Period of 2003:1-2016:1

Nazm CATALBAS

Share this Article

Research Paper, Economics, Pakistan, Volume 5 Issue 3, March 2016

Pages: 1856 - 1859

Impact of Foreign Direct Investment on Sectors of GDP Pakistan Perspective

Muhammad Ajmair, Ashiq Hussain

Share this Article

Research Paper, Economics, Nigeria, Volume 3 Issue 11, November 2014

Pages: 2571 - 2577

Investigation of the Impact of Non-Oil Revenue on Economic Growth in Nigeria

Ude Damian Kalu, Agodi Joy E.

Share this Article

Research Paper, Economics, Kenya, Volume 6 Issue 6, June 2017

Pages: 1980 - 1984

Effect of Inflation on Unemployment in Kenya

Moses K Macharia, Aggrey Otieno

Share this Article

Research Paper, Economics, Saudi Arabia, Volume 4 Issue 9, September 2015

Pages: 623 - 629

What Derives Public Health Expenditures in Saudi Arabia? Macro-Econometric Analysis

Mohamed A. Ismail PhD

Share this Article

Similar Articles with Keyword 'Granger causality'

Research Paper, Economics, Turkey, Volume 5 Issue 4, April 2016

Pages: 1888 - 1898

Long and Short Term Relationship between Real Exchange Rate, Travel Revenues and Expenditure in Turkey during the Period of 2003:1-2016:1

Nazm CATALBAS

Share this Article

Research Paper, Economics, Nigeria, Volume 4 Issue 4, April 2015

Pages: 1592 - 1600

Empirical Analysis of Exchange Rate Volatility and Nigeria Stock Market Performance

Muhammad Lawal, Victor UshahembaIjirshar

Share this Article

Research Paper, Economics, Tunisia, Volume 3 Issue 11, November 2014

Pages: 1765 - 1780

Study of the Dynamics of Asset Prices by a Behavioral Approach: Theoretical Foundations & Empirical Investigation

Mr. Nizar El Ouni

Share this Article

Research Paper, Economics, Nigeria, Volume 5 Issue 8, August 2016

Pages: 1760 - 1764

Oil Revenue and Nigeria Macroeconomic Performance: An Econometric Analysis

Dr Fredrick Asogwa, Linus Donatus Okpongette

Share this Article

Research Paper, Economics, China, Volume 5 Issue 10, October 2016

Pages: 1582 - 1587

Analysis of Interest Rate and Stock Price in Africa: Case Study of Ghanaian Listed Firms

Bridget Opoku-Agyemang, Grace Ofori-Abebrese, Benjamin Korankye

Share this Article



Top