Graduate thesis: Conclusions and policy suggestions

This paper tests whether innovations in macroeconomic variables are risks that are rewarded in the stock market. Financial theory suggests that the following macroeconomic variables should systematically affect stock market returns: the spread between expected and unexpected inflation, GDP, FDI, exchange rate and money supply. We find that these sources of data are significantly influence on VN-Index.

Từ khóa: Khóa luận tốt nghiệp, Policy suggestions, Gross domestic product, Foreign direct investment, Exchange rate, Macroeconomic variables