|
ECONOMIC FACTORS AFFECTING STOCK RETURNS: A STUDY OF LISTED CONSTRUCTION MATERIALS FIRMS IN THAILAND |
|---|---|
| รหัสดีโอไอ | |
| Creator | Wanrapee Banchuenvijit |
| Title | ECONOMIC FACTORS AFFECTING STOCK RETURNS: A STUDY OF LISTED CONSTRUCTION MATERIALS FIRMS IN THAILAND |
| Publisher | University of the Thai Chamber of Commerce |
| Publication Year | 2561 |
| Journal Title | UTCC International Journal of Business and Economics |
| Journal Vol. | 10 |
| Journal No. | 3 |
| Page no. | 53-66 |
| Keyword | Economic factors, Stock returns, Construction materials sector, Cement firms |
| URL Website | http://ijbejournal.com/ |
| Website title | ijbejournal |
| ISSN | 1906-5582 (paper) |
| Abstract | The purpose of this study is to examine economic factors, including percentage change in exchange rate (EX), percentage change in consumer price index (CPI), percentage change in construction materials price index (CMPI), and percentage change in oil price (OIL), affecting stock returns of listed construction materials firms in Thailand. The samples are listed firms in the construction materials sector in SET50 Index in 2017, namely the Siam Cement Public Company Limited (SCC), Siam City Cement Public Company Limited (SCCC), and TPI Polene Public Company Limited (TPIPL). The monthly data of all variables during the period from January 2013 to December 2017 are employed. The results from the multiple regression with ordinary least square show that, for all firms, only the percentage change in exchange rate (EX) significantly affects stock returns in the opposite direction. |
