ARTICLE

IMPACT OF MACRO AND MICRO ECONOMIC VARIABLES ON VOLATILITY OF STOCK PRICES EMPIRICAL EVIDENCE FROM PAKISTANS CEMENT INDUSTRY

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02 Pages : 22-33

http://dx.doi.org/10.31703/gmsr.2023(VIII-I).02      10.31703/gmsr.2023(VIII-I).02      Published : Dec 2023

Impact of Macro and Micro Economic Variables on Volatility of Stock Prices: Empirical Evidence from Pakistan's Cement Industry

Abstract

    The stock market is the instrument employed for the efficient use and accessibility of funds. The study looks at the macro and micro factors that influence how volatile stock market prices might be. The CPI, which measures inflation, EPS, or earnings per share, GDP, or gross domestic product, and ROE, or return on asset, are the macro variables examined in this study. One considers the stock price to be a dependent variable. The Pakistan Stock Exchange's (PSX) list of cement sector businesses is taken. The entire cement industry sector was chosen, but the number of companies decreased from twenty-two to just fifteen. The remaining companies were eliminated since the data was not available. In the current analysis, ten years of data—from 2012 to 2020—are used. Panel regression models are utilized while keeping in mind the nature of the data; yet, standard deviation and data dispersion are used for volatility.

    Volatility, Inflation, Return on Equity

    (1) Lala Rukh
    Assistant professor, Centre for Management & Commerce, University of Swat, KP, Pakistan.
    (2) Shafiq Ur Rehman
    Professor, Department of Commerce & Management Sciences, University of Malakand, Chakdara, KP, Pakistan
    (3) Alam Zeb
    Associate Professor, Department of Tourism and Hotel Management, University of Malakand, Chakdara, KP, Pakistan.
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Cite this article

APA

    APA : Rukh, L., Rehman, S. U., & Zeb, A. (2023). Impact of Macro and Micro Economic Variables on Volatility of Stock Prices: Empirical Evidence from Pakistan's Cement Industry. Global Management Sciences Review, VIII(I), 22-33. https://doi.org/10.31703/gmsr.2023(VIII-I).02

CHICAGO

    CHICAGO : Rukh, Lala, Shafiq Ur Rehman, and Alam Zeb. 2023. "Impact of Macro and Micro Economic Variables on Volatility of Stock Prices: Empirical Evidence from Pakistan's Cement Industry." Global Management Sciences Review, VIII (I): 22-33 doi: 10.31703/gmsr.2023(VIII-I).02

HARVARD

    HARVARD : RUKH, L., REHMAN, S. U. & ZEB, A. 2023. Impact of Macro and Micro Economic Variables on Volatility of Stock Prices: Empirical Evidence from Pakistan's Cement Industry. Global Management Sciences Review, VIII, 22-33.

MHRA

    MHRA : Rukh, Lala, Shafiq Ur Rehman, and Alam Zeb. 2023. "Impact of Macro and Micro Economic Variables on Volatility of Stock Prices: Empirical Evidence from Pakistan's Cement Industry." Global Management Sciences Review, VIII: 22-33

MLA

    MLA : Rukh, Lala, Shafiq Ur Rehman, and Alam Zeb. "Impact of Macro and Micro Economic Variables on Volatility of Stock Prices: Empirical Evidence from Pakistan's Cement Industry." Global Management Sciences Review, VIII.I (2023): 22-33 Print.

OXFORD

    OXFORD : Rukh, Lala, Rehman, Shafiq Ur, and Zeb, Alam (2023), "Impact of Macro and Micro Economic Variables on Volatility of Stock Prices: Empirical Evidence from Pakistan's Cement Industry", Global Management Sciences Review, VIII (I), 22-33

TURABIAN

    TURABIAN : Rukh, Lala, Shafiq Ur Rehman, and Alam Zeb. "Impact of Macro and Micro Economic Variables on Volatility of Stock Prices: Empirical Evidence from Pakistan's Cement Industry." Global Management Sciences Review VIII, no. I (2023): 22-33. https://doi.org/10.31703/gmsr.2023(VIII-I).02