مقالے کی معلومات
جلد
شمارہ
مقالے کی قسم
زبان
تلخیص
We aimed to find the effect of economic freedom on equity market liquidity and
performance. Data is collected for variables for the period 2000-2017. To identify the
relationship between variables, we utilize the cointegration approach. The cause and
effect relationship is identified with the Granger Causality approach. We have found a
direct significant impact of economic freedom and KSE-100 Index return, market
capitalization, and trading volume. We observe no causality between economic freedom
and return from the stock market. Furthermore, we find long-term effects of economic
freedom on stock market performance and its liquidity. Additionally, we find that GDP
growth, interest rate, and inflation have a causality with market capitalization, stock
market index, and trading volume. The study suggests a cross-sectional analysis using
multiple countries' data with a large sample set.
Hamid Ullah, Shahid Jan. (2020) Economic Freedom on Stock Market Performance and Liquidity: Evidence from KSE-100 Index Pakistan, , Volume 15, Issue 1.
-
Views
697 -
Downloads
61