Impact of selected factors on stock price: a case study of Vietcombank in Vietnam

Huy Dinh, Bui Thi Thu Loan () and Pham Tuan Anh ()
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Bui Thi Thu Loan: Hanoi University of Industry, Vietnam
Pham Tuan Anh: Thuongmai University, Vietnam

Entrepreneurship and Sustainability Issues, 2020, vol. 7, issue 4, 2715-2730

Abstract: Fluctuation of stock price in commercial banks in developing countries such as Vietnam will reflect the business health of bank system and the whole economy. Good business management requires us to consider the impacts of multi macro factors on stock price, and it contributes to promoting business plan, financial risk management and economic policies for economic growth and stabilizing macroeconomic factors. The article analyzed and evaluated the impacts of seven (7) macroeconomic factors on stock price of a joint stock commercial bank Vietcombank (VCB) in Vietnam in the period of 2014-2019, both positive and negative sides. The results of quantitative research, in a seven factor model, show that the increase in GDP growth and lending rate and risk free rate has a significant effect on increasing VCB stock price with the highest impact coefficient, the second is decreasing the exchange rate, finally is a slight decrease in S&P500. This research finding and recommended policy also can be used as reference in policy for commercial bank system in many developing countries.

Keywords: bank stock price; GDP growth; inflationary; S&P500; risk free rate; market interest rate (search for similar items in EconPapers)
JEL-codes: M21 N10 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:7:y:2020:i:4:p:2715-2730

DOI: 10.9770/jesi.2020.7.4(10)

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