Effect of Macro Economic Variables on Stock Market Returns- Bangladesh Context

Abstract

This study explores the relationship among macroeconomic variables and stock market returns in case of Dhaka Stock Market. Macro-economic variables (money supply, interest rate, exchange rate, GDP growth rate and inflation) have taken as independent variable and Stock Market return as dependent variable. The study period was 2001 to 2010. A simple regression analysis is performed to reach the conclusion. The study found that there is no relation between macro-economic variables and Stock Market return. It implies that Stock Market return is not sensitive to changes in the macroeconomic variables.

Keywords

• Stock Market Return
• Macro Economic Variables
• GDP

How to cite

Abul Kalam, Md. Al-Amin Molla, Md. Mesbaul Hussain (2016). Effect of Macro Economic Variables on Stock Market Returns- Bangladesh Context. Sonargaon University Journal, 1(2), 67–82.

@article{kalam20166,
  title   = {Effect of Macro Economic Variables on Stock Market Returns- Bangladesh Context},
  author  = {Abul Kalam and Md. Al-Amin Molla and Md. Mesbaul Hussain},
  journal = {Sonargaon University Journal},
  volume  = {1},
  number  = {2},
  pages   = {67--82},
  year    = {2016},
  issn    = {2518-3125},
  url     = {https://su.edu.bd/journal/volume-1-number-2/effect-of-macro-economic-variables-on-stock-market-returns-bangladesh-context}
}