Determining Stock Return movements of Banking Sector during Global Financial Crisis: An Examination on Emerging Markets of Bangladesh

Rafiqul Bhuyan, Mohammad Sogir Hossain Khandoker, Mahjuja Taznin, Md. Shanur Rahman and Lamia Akter

Bulletin of Applied Economics, 2021, vol. 8, issue 2, 111-123

Abstract: The objective of the study is to explore various micro and macro variables that affect stock returns of the Dhaka Stock Exchange surrounding the global financial crisis. We collect a sample of 30 listed banks covering the period of 9 years (2009 – 2017) for our study. The results indicate that debt to asset ratio (D/A), market capitalization (MKT CAP), interest rate, and foreign exchange rate (ForEx Rate) have positive and significant relationships with stock returns. On the other hand, inflation and leverage have negative and significant influence on stock returns among the eight micro variables and four macroeconomic variables that were used in our analyses.

Keywords: Microeconomic & Macroeconomic Variables; DSE; OLS; Stock Returns and Panel data (search for similar items in EconPapers)
JEL-codes: G01 G11 G21 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.riskmarket.co.uk/bae/journals-articles ... nload=attachment.pdf (application/pdf)

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:rmk:rmkbae:v:8:y:2021:i:2:p:111-123

Access Statistics for this article

Bulletin of Applied Economics is currently edited by Eleftherios Spyromitros

More articles in Bulletin of Applied Economics from Risk Market Journals
Bibliographic data for series maintained by Eleftherios Spyromitros-Xioufis ().