THE IMPACT OF GENERAL ELECTION ON THE RETURNS OF THE FBMKLCI

RACQUEL, ROWLAND (2013) THE IMPACT OF GENERAL ELECTION ON THE RETURNS OF THE FBMKLCI. [Final Year Project Report] (Unpublished)

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Abstract

The paper’s main objective is to examine the influence of the Malaysia general election on the returns of the FBMKLCI. This study used daily data from the FBMKLCI in order to seek empirically examine the effect of general election in Malaysia over the sample period of 1995-2013. This study examines the relationship between Malaysia general elections and FBMKLCI by using Ordinary Least Square (OLS) method and Wald test of restrictions. It focuses on pre and post election periods. Daily closing prices of FBMKLCI are used for the period of 248 days or one year period for each election year. The model is regressed for different timeframes. The results show that the 2008 election is negatively affect the stock market for 15 days after the election whereas the FBMKLCI experiences higher returns and positively significant for 30, 45, and 60 days post election in the 1999 election. However, the 2004 election is the only year that is statistically different in returns for the period of 30, 45, 60, 90, and 120 days before and after the election.

Item Type: Final Year Project Report
Additional Information: Project report (BFH) -- Universiti Malaysia Sarawak, 2013.
Uncontrolled Keywords: election, stock market, model
Subjects: H Social Sciences > HG Finance
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Faculties, Institutes, Centres > Faculty of Economics and Business
Depositing User: Dan
Date Deposited: 29 Dec 2021 07:39
Last Modified: 14 Mar 2024 08:35
URI: http://ir.unimas.my/id/eprint/37572

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