Relationship between Stock Market Volatility, Stock Market Liquidity and Financial Performance of Non-Financial Firms Listed on Pakistan Stock Exchange

Qasim, Saleem and Sophee Sulong, Bin Balia and Abu Hassan, Bin Md. Isa (2019) Relationship between Stock Market Volatility, Stock Market Liquidity and Financial Performance of Non-Financial Firms Listed on Pakistan Stock Exchange. International Journal of Academic Research in Business and Social Sciences,, 9 (7). pp. 307-323. ISSN 2222-6990

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Abstract

This paper analyzed the empirical relationship between different measures of stock market volatility, traded volume, market and accounting measures of financial performance of 260 firms panel data listed on Pakistan Stock Exchange using Generalized Autoregressive Conditional heteroskedasticity (GARCH) and Generalized moments methods (GMM). The study found that financial performance has significant positive relation with traded volume and significant negative relationship with stock market volatility both in two measures. The study used both microeconomic and macroeconomic measures to calculate stock market volatility and both measures have significant effects on financial performance.

Item Type: E-Article
Uncontrolled Keywords: Stock Market, Volatility, Liquidity, Firms Performance, unimas, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, ipta, education, research, Universiti Malaysia Sarawak.
Subjects: H Social Sciences > HG Finance
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Depositing User: Gani
Date Deposited: 30 Aug 2019 00:45
Last Modified: 24 Jun 2020 06:27
URI: http://ir.unimas.my/id/eprint/26666

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