Impact of Selected Macroeconomic Indicators on S & P BSE SME IPO Index

Mubarak Rahman P., Kuhan K. and Dr. V. Kavida
Additional contact information
Mubarak Rahman P.: Research Scholar, Department of Commerce, Pondicherry University, India.
Kuhan K.: Research Scholar, Department of Commerce, Pondicherry University, India
Dr. V. Kavida: Associate Professor, Department of Commerce, Pondicherry University, India

Indian Journal of Commerce and Management Studies, 2017, vol. 08, issue 1, 28-32

Abstract: The prime objective of this research is to examine the impact of the selected macroeconomic variables on S&P BSE SME IPO index. Correlation, Multiple regression and Granger casualty tests have been used to estimate the relationship and impact. The variables selected for this study is average monthly closing price of S&P BSE SME IPO and macroeconomic indicators like; Index of Industrial production (IIP), Gross Domestic Product (GDP), Interest Rate (IR), Foreign Direct Investment (FDI), Inflation Rate (IF), Exchange Rate (ER), and Crude oil Price (CP). An average monthly data over a period of three years are taken, starting from January 2013 to December 2015. The result shows that, Interest rate and Inflation rate have a significant positive impact on stock market index. Whereas, Exchange rate shows a negative significant impact. Granger causality results reveals a unidirectional relationship between SME IPO Index and Crude Oil price, GDP, FDI and Interest rate.

Keywords: Macroeconomic Indicator; S & P BSE SME IPO index; Correlation; Multiple Regression; Granger Causality (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://scholarshub.net/index.php/ijcms/article/view/91/85 (application/pdf)
http://scholarshub.net/index.php/ijcms/article/view/91 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aii:ijcmss:v:08:y:2017:i:1:p:28-32

DOI: 10.18843/ijcms/v8i1/04

Access Statistics for this article

Indian Journal of Commerce and Management Studies is currently edited by Dr. Arif Anjum

More articles in Indian Journal of Commerce and Management Studies from Educational Research Multimedia & Publications,India
Bibliographic data for series maintained by Mr. Asif Anjum ().