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Please use this identifier to cite or link to this item: https://ptsldigital.ukm.my/jspui/handle/123456789/577578
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dc.contributor.authorTze San Ong (UPM)
dc.contributor.authorWei Ni Soh
dc.contributor.authorBoon Heng Teh
dc.contributor.authorSin Huei Ng
dc.date.accessioned2023-11-06T02:45:30Z-
dc.date.available2023-11-06T02:45:30Z-
dc.date.issued2015-09
dc.identifier.issn0128-770
dc.identifier.otherukmvital:77943
dc.identifier.urihttps://ptsldigital.ukm.my/jspui/handle/123456789/577578-
dc.descriptionThe association between political elections and stock market performance for Malaysia market is discussed in this paper. This study aims to investigate the impact of General Elections in Malaysia on stock market indices. To provide additional support of the impact of general elections on stock returns through other channels, currency changes were also included in this study so as to discover the mediation effect of the exchange rate on the relationship between general elections and stock returns. Since the exchange rate does, to some extent, influence stock return, the relationship between exchange rates and stock returns during different stages of a general election cannot be overlooked. The results showed that currency change is negatively related with stock returns in pre-election and post-election stages, but it is not significant during the election period. The impact of currency on stock return exists as a mediation effect during election period. In a nutshell, the currency change directly impacts stock return with a negative influence. However,the direct relationship between currency and stock return disappears during the electionweek. Thus, stock return is affected by currency change indirectly.
dc.language.isoen
dc.publisherUniversiti Putra Malaysia Press
dc.relation.haspartPertanika Journal of Social Sciences & Humanities
dc.relation.urihttp://www.pertanika.upm.edu.my/Pertanika%20PAPERS/JSSH%20Vol.%2023%20(S)%20Sep.%202015/15%20JSSH%20Vol%2023%20(S)%20Sept%202015_pg237-250%20(JSSH(S)-0031-2015).pdf
dc.subjectGeneral election
dc.subjectStock return
dc.subjectCurrency
dc.subjectMediation effect
dc.titleStock return, currency and general elections
dc.typeJournal Article
dc.format.volume22
dc.format.pages237-250
dc.format.issueSpecial Issue
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