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Item Restricted Determinants of stock market development: are remittances from OFWs a factor?(2013-10) Advincula, Rammarius Markus B.; Guerrero, Jo Beatriz L.; Debuque-Gonzales, MargaritaThis paper seeks to determine whether or not overseas Filipino workers' remittances drive the stock market development. Using quarterly data from 1998-2012, we regressed stock market capitalization, a proxy of stock market development, on remittances and six macroeconomic variables. Cointegration regression showed that remittances indeed have a significantly positive relationship with stock market development. In line with the literature, income level, savings, private foreign direct investment and market liquidity are also positively related to the development of the stock market. Bank development however exhibits negative relationship. Inflation, meanwhile, is not significant.Item Restricted A price earnings approach on the effects of money supply, inflation rates and gross national product on the level of stock market prices(1991-10) Eala, Michael Francis M.; Herman, Ma. Riza P.Item Restricted Money supply, consumer price index, and the stock market(1987-01) Eleazar, Aurea J.; Yap, Judith U.; Castro, Amado A.Item Restricted The impact of interest rates on Philippine stock market(2001-03) Patalinghug, Jason Albert C.; Solon, Orville C.Empirical studies on the relationship between interest rates and Philippine stock market are rare. This study investigates the influence of interest rates on Philippine stock market. The impact of foreign interest rates on Philippine stock market is examined by regressing separately changes in U.S. discount rate, Federal Funds rate, U.S. prime rate, and LIBOR on changes in Philippine stock market index. The impact of domestic interest rates on Philippine stock market is analyzed by regressing individually the change in the savings deposit rate, Treasury bill rate, and time deposit rate on the change in Philippine stock market index during the 1994-2000 period. The estimates indicate that U.S. discount rate and Federal Funds rate do not affect Philippine stock market. But U.S. prime rate affects Philippine stock market. Among domestic interest rates, only savings deposit rates affect Philippine stock market. However, most of the evidence supports the hypothesis that the Philippine stock market is efficient in the semistrong form.Item Restricted Industry concentration and liquidity correlation in the Philippine stock market(2003-03-19) Alabado, Kristina L.; Mediante, Claire B.; Reside, Renato E.The study conducted, aimed to determine the relationship between Industry Concentration and Liquidity. The objective is to find truth in the hypothesis that a highly concentrated industry would be less liquid or will have a lower turnover ratio. Data is obtained from the Philippine Stock Market on Market Capitalization, Volume and Outstanding shares of the firms involved in trading of Common Stocks. An eleven month period which is from January to November of 2001 was chosen as the time frame for the study. The Herfindahl -Hirschman Index is used to measure industry concentration while the shares turnover ratio measured the liquidity of each industry. Results do not support the hypothesis that there is a negative relationship between industry concentration and liquidity. There is no clear trend observed from the data indicating that industry concentration does affect liquidity. Concentration does not necessarily imply negative effects but can be a positive factor behind industry efficiency.Item Restricted Is liquidity a factor for efficiency a weak-form test on the Philippine stock market in the years 1990-1992 and 1996-1998(2003-10) Ancheta, Sheryl V.; Manalangit, Nikko Rey Aicetel T.; Tecson, GwendolynItem Restricted A study of the effects of unionization on investment in the stock market(2004-03) Peñaranda, Johanne Rita P.; Shia, Sheila Joyce D.; Esguerra, EmmanuelItem Restricted The Philippine stock market behavior and political develoments(1987-11-27) Benedicto, Agnes J.; Dacanay, Vivian C.Item Restricted A study to determine the variables influencing stock market prices(1985-01) Concepcion, Ma. Cristina H.; Mariano, Jeric A.Item Restricted Philippine stock market efficiency: an empirical investigation(1988-01) Claudio, Catherine C.; Consunji, Gretchen C.