Sensitiveness of stock market returns to macroeconomic determinants; an empirical study on the pharmaceutical industry of Dhaka Stock Exchange
This thesis is submitted in partial fulfillment of the requirements for the degree of Bachelor of Business Administration, 2023.
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| Idioma: | English |
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Brac University
2024
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| Accés en línia: | http://hdl.handle.net/10361/23109 |
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10361-23109 |
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10361-231092024-06-04T21:01:53Z Sensitiveness of stock market returns to macroeconomic determinants; an empirical study on the pharmaceutical industry of Dhaka Stock Exchange Tasrin, Ibnat Ahmed, Riyashad Brac Business School, Brac University Pharmaceutical industry Dhaka Stock Exchange Stock market Macroeconomic determinants Regression analysis Stock exchanges Pharmaceutical industry Securities This thesis is submitted in partial fulfillment of the requirements for the degree of Bachelor of Business Administration, 2023. Cataloged from PDF version of thesis. Includes bibliographical references (pages 33-36). The thesis empirically investigates selected macroeconomic determinants’ (money supply, exchange rate, industrial production, interest rate, and inflation rate) influence on the stock market returns of the Dhaka Stock Exchange's Pharmaceutical Industry, utilizing monthly data spanning the period from 2015:1 to 2020:12. Ten pharmaceutical companies were selected for this thesis to represent the pharmaceutical industry of the Dhaka Stock Exchange. Scatterplots, correlation analyses and linear regression analyses were conducted to examine the associations. The statistical analyses conducted in this thesis revealed that the effects of the macroeconomic determinants on stock returns were insignificant. The stock markets in Bangladesh are being subject to the control of affluent and politically influential individuals, artificial pricing mechanisms through the establishment of floor prices and market inefficiencies led to the thesis’s inconclusive results. The thesis's inability to incorporate data spanning more than six years also had a role in contributing to its inconclusive results. Despite certain limitations, this thesis provides solid evidence on the current state of the Dhaka Stock Exchange. Ibnat Tasrin B. Business Administration 2024-06-04T05:32:42Z 2024-06-04T05:32:42Z ©2023 2023-06 Thesis ID: 18304010 http://hdl.handle.net/10361/23109 en Brac University theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. 51 pages application/pdf Brac University |
| institution |
Brac University |
| collection |
Institutional Repository |
| language |
English |
| topic |
Pharmaceutical industry Dhaka Stock Exchange Stock market Macroeconomic determinants Regression analysis Stock exchanges Pharmaceutical industry Securities |
| spellingShingle |
Pharmaceutical industry Dhaka Stock Exchange Stock market Macroeconomic determinants Regression analysis Stock exchanges Pharmaceutical industry Securities Tasrin, Ibnat Sensitiveness of stock market returns to macroeconomic determinants; an empirical study on the pharmaceutical industry of Dhaka Stock Exchange |
| description |
This thesis is submitted in partial fulfillment of the requirements for the degree of Bachelor of Business Administration, 2023. |
| author2 |
Ahmed, Riyashad |
| author_facet |
Ahmed, Riyashad Tasrin, Ibnat |
| format |
Thesis |
| author |
Tasrin, Ibnat |
| author_sort |
Tasrin, Ibnat |
| title |
Sensitiveness of stock market returns to macroeconomic determinants; an empirical study on the pharmaceutical industry of Dhaka Stock Exchange |
| title_short |
Sensitiveness of stock market returns to macroeconomic determinants; an empirical study on the pharmaceutical industry of Dhaka Stock Exchange |
| title_full |
Sensitiveness of stock market returns to macroeconomic determinants; an empirical study on the pharmaceutical industry of Dhaka Stock Exchange |
| title_fullStr |
Sensitiveness of stock market returns to macroeconomic determinants; an empirical study on the pharmaceutical industry of Dhaka Stock Exchange |
| title_full_unstemmed |
Sensitiveness of stock market returns to macroeconomic determinants; an empirical study on the pharmaceutical industry of Dhaka Stock Exchange |
| title_sort |
sensitiveness of stock market returns to macroeconomic determinants; an empirical study on the pharmaceutical industry of dhaka stock exchange |
| publisher |
Brac University |
| publishDate |
2024 |
| url |
http://hdl.handle.net/10361/23109 |
| work_keys_str_mv |
AT tasrinibnat sensitivenessofstockmarketreturnstomacroeconomicdeterminantsanempiricalstudyonthepharmaceuticalindustryofdhakastockexchange |
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