• Medientyp: E-Artikel
  • Titel: Macroeconomic surprises and stock market responses in view of global linkage: A study of Indian stock market
  • Beteiligte: Pal, Santanu [VerfasserIn]; Garg, Ajay K. [VerfasserIn]
  • Erschienen: Abingdon: Taylor & Francis, 2020
  • Sprache: Englisch
  • DOI: https://doi.org/10.1080/23322039.2020.1839171
  • ISSN: 2332-2039
  • Schlagwörter: VAR ; global linkages ; India ; stock market response ; global surprises ; macroeconomic surprise ; monetary policy surprise ; event study
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  • Beschreibung: In prior literature it was conjectured that the Indian stock market responses on domestic macroeconomic surprises are expected to be significantly influenced by global surprises. In this paper we empirically established that hypothesis. We used both the Event Analysis and VAR model. We found that global surprises consistently dominate Indian stock market and the influence of domestic macroeconomic surprises on it is relatively less. The understanding of stock market dynamics against domestic macroeconomic surprises and global factors can provide assistance to the policy makers for augmenting policy effectiveness and the corporate finance professionals for enhancing decision making.
  • Zugangsstatus: Freier Zugang
  • Rechte-/Nutzungshinweise: Namensnennung (CC BY)