Dublin Core
Title
Bank Loans and Stock Prices: An Empirical Evidence
Description
Abstract - This study re-examines the interaction between bank loans and stock prices in Malaysia. We use Granger non-causality test proposed by Toda and Yamamoto (1995) in both bivariate and multivariate frameworks and both monthly and quarterly data in examining the relationship between the two variables. Unlike previous studies, we find that there is strong evidence of no causality running between stock prices and bank loans in all models and samples. This finding revealed that stock prices and bank loans are independent. The predictability of stock prices cannot be enhanced considerably through utilizing information on the bank loans.
Creator
Abdul Karim, Bakri
Siew Lih, Lim
Abdul Karim, Zulkefly
Source
Aceh International Journal of Social Science; Volume 1 Number 2, December 2012
Publisher
Aceh International Journal of Social Science
Date
2012-12-01
Relation
http://jurnal.unsyiah.ac.id/AIJSS/article/view/1526/1414
Format
application/pdf
Language
eng
Type
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
Identifier
http://jurnal.unsyiah.ac.id/AIJSS/article/view/1526
10.12345/aijss.1.2.1526