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Impact Of Financial Crisis On Stock Returns: Evidence From Singapore

Author

Listed:
  • ALAM Nafis

    (Nottingham University Business School, The University of Nottingham Malaysia Campus)

  • TAN Ee Chain

    (Nottingham University Business School, The University of Nottingham Malaysia Campus)

Abstract

This paper investigates the role of macroeconomic factors and firm characteristics in explaining stock return in Singapore. The factors model is employed for two time intervals, namely, sub-period A (from July 2003 to June 2007) and sub-period B (from July 2007 to June 2011) to examine the changes in pre and post Global Financial Crisis of 2007. Our empirical findings showed that the significance relationship between macroeconomic variables and portfolio stock returns were not consistent for both sub-periods. The result is highly dependent on portfolio and sub-period.

Suggested Citation

  • ALAM Nafis & TAN Ee Chain, 2012. "Impact Of Financial Crisis On Stock Returns: Evidence From Singapore," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 7(2), pages 5-19, August.
    • Handle: RePEc:blg:journl:v:7:y:2012:i:2:p:5-19
    as

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    File URL: http://eccsf.ulbsibiu.ro/RePEc/blg/journl/721alam&tan.pdf
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    References listed on IDEAS

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