FISHER HYPOTHESIS IN THE STOCK MARKET AN ALTERNATIVE SPECIFICATION

http://dx.doi.org/10.31703/gssr.2020(V-I).14      10.31703/gssr.2020(V-I).14      Published : Mar 1
Authored by : SurayyaMukhtar , AbdulRashid

14 Pages : 134-145

References

  • Akmal M. S., (2007), 'Stock Returns and Inflation: An ARDL Econometric Investigation Utilizing Pakistani Data', Pakistan Economic and Social Review, 45(1), 89-105.
  • Bai Z., (2014), 'Study on the Impact of Inflation on the Stock Market in China', International Journal of Business and Social Sciences, 5(7), 261-71.
  • Bhatti R. H. and Pak O. (2013), 'Stock Returns and inflation in Kazakhstan, Russia, and Ukraine', International Journal of Economics and Finance Studies, 5(1), ISSN: 1309-8055 (Online).
  • Bodie, Z., (1976). 'Common Stocks as a Hedge against Inflation', The Journal of Finance, 31(2), Papers and Proceedings of the Thirty-Fourth Annual Meeting of the American Finance Association Dallas, Texas December 28-30,1975, 459-470.
  • Cagan, P. (1972). Common Stock Values and Inflation-The Historical Record of Many Countries. In Supplement to NBER Report Thirteen (pp. 1-10). NBER..
  • Evidence from the Nigerian Stock Market', International Journal of Business and Social Science, 6(11), 155-167.
  • Fama, E. F., & Schwert, G. W. (1977). Asset returns and inflation. Journal of financial economics, 5(2), 115-146.
  • Firth, M. (1979). The relationship between stock market returns and rates of inflation. The Journal of Finance, 34(3), 743-749.
  • Fisher, I., (1930), 'The Theory of Interest', Macmillan, New York
  • From BRICS Markets Using Panel Cointegration Test', International Journal of Accounting and Financial Reporting, ISSN 2162-3082, 4(2), 647-.658.
  • Gultekin, N. B. (1983). Stock market returns and inflation: evidence from other countries. The Journal of Finance, 38(1), 49-65. Heterogeneous Panels', Journal of Econometrics, 115: 53-74.
  • Im, K.S., Pesaran M. H., and Shin Y., (2003). 'Testing for Unit Roots in
  • Jaffe, J. and G. Mandelker, (1976), 'The Fisher effect for Risky Assets: An Empirical Investigation', Journal of Finance, 31: 447-58.
  • Journal of Finance, 31: 2, Papers and Proceedings of the Thirty-Fourth Annual Meeting of the American Finance Association Dallas, Texas December 28- 30, 471-83.
  • Market', International Journal of Academic Research in Business and Social Sciences, 4(5), 637-43.
  • MarketReturns in South Africa: A Nonlinear Perspective', International Journal of Sustainable Economy, 9(1), 19-33.
  • Maxfield, S., (2009). 'Stock Exchanges in Low and Middle Income Countries', 'International Journal of Emerging Markets' , 4(1), 43-55.
  • Nelson C. R., (1976). 'Inflation and Rates of Return on Common Stocks', The
  • Omotor, Douglason G. (2010). 'Relationship between Inflation and Stock Market Returns: Evidence from Nigeria', Journal of Applied Statistics, The Central Bank of Nigeria, Abuja, ISSN 2476- 1(1), 1-15.
  • Opera D. S., (2014). ‘The Fisher Effect: Evidence from the Romanian Stock
  • Oudet, Bruno (1973). 'The Variation of Returns on Common Stocks', Journal of Financial and Quantitative Analysis, 8(2), 247-58.
  • Phiri, A. (2017). ‘Long-run Equilibrium Adjustment between Inflation and Stock
  • Silva N. L. C., (2016). 'Effects of inflation on Stock Prices: Evidence from Sri Lanka', International Journal of Scientific and Engineering Research, 7(4), 1278-79.
  • Singh A., (2008). 'Stock Markets in Low and Middle Income Countries', Centre of business Research, University of Cambridge, Working Paper No. 377.
  • Solnik B. and Solnik V. (1997). 'A multi-country test of the Fisher model for
  • Stock returns', Journal of International Financial Markets, Institutions and Money, 7: 289-301.
  • Tripathi V. (2014). 'Relationship between Inflation and Stock Returns- Evidence
  • Uwubanmwen A. and Eghosa I. L., (2015). 'Inflation Rate and Stock Returns:

References

  • Akmal M. S., (2007), 'Stock Returns and Inflation: An ARDL Econometric Investigation Utilizing Pakistani Data', Pakistan Economic and Social Review, 45(1), 89-105.
  • Bai Z., (2014), 'Study on the Impact of Inflation on the Stock Market in China', International Journal of Business and Social Sciences, 5(7), 261-71.
  • Bhatti R. H. and Pak O. (2013), 'Stock Returns and inflation in Kazakhstan, Russia, and Ukraine', International Journal of Economics and Finance Studies, 5(1), ISSN: 1309-8055 (Online).
  • Bodie, Z., (1976). 'Common Stocks as a Hedge against Inflation', The Journal of Finance, 31(2), Papers and Proceedings of the Thirty-Fourth Annual Meeting of the American Finance Association Dallas, Texas December 28-30,1975, 459-470.
  • Cagan, P. (1972). Common Stock Values and Inflation-The Historical Record of Many Countries. In Supplement to NBER Report Thirteen (pp. 1-10). NBER..
  • Evidence from the Nigerian Stock Market', International Journal of Business and Social Science, 6(11), 155-167.
  • Fama, E. F., & Schwert, G. W. (1977). Asset returns and inflation. Journal of financial economics, 5(2), 115-146.
  • Firth, M. (1979). The relationship between stock market returns and rates of inflation. The Journal of Finance, 34(3), 743-749.
  • Fisher, I., (1930), 'The Theory of Interest', Macmillan, New York
  • From BRICS Markets Using Panel Cointegration Test', International Journal of Accounting and Financial Reporting, ISSN 2162-3082, 4(2), 647-.658.
  • Gultekin, N. B. (1983). Stock market returns and inflation: evidence from other countries. The Journal of Finance, 38(1), 49-65. Heterogeneous Panels', Journal of Econometrics, 115: 53-74.
  • Im, K.S., Pesaran M. H., and Shin Y., (2003). 'Testing for Unit Roots in
  • Jaffe, J. and G. Mandelker, (1976), 'The Fisher effect for Risky Assets: An Empirical Investigation', Journal of Finance, 31: 447-58.
  • Journal of Finance, 31: 2, Papers and Proceedings of the Thirty-Fourth Annual Meeting of the American Finance Association Dallas, Texas December 28- 30, 471-83.
  • Market', International Journal of Academic Research in Business and Social Sciences, 4(5), 637-43.
  • MarketReturns in South Africa: A Nonlinear Perspective', International Journal of Sustainable Economy, 9(1), 19-33.
  • Maxfield, S., (2009). 'Stock Exchanges in Low and Middle Income Countries', 'International Journal of Emerging Markets' , 4(1), 43-55.
  • Nelson C. R., (1976). 'Inflation and Rates of Return on Common Stocks', The
  • Omotor, Douglason G. (2010). 'Relationship between Inflation and Stock Market Returns: Evidence from Nigeria', Journal of Applied Statistics, The Central Bank of Nigeria, Abuja, ISSN 2476- 1(1), 1-15.
  • Opera D. S., (2014). ‘The Fisher Effect: Evidence from the Romanian Stock
  • Oudet, Bruno (1973). 'The Variation of Returns on Common Stocks', Journal of Financial and Quantitative Analysis, 8(2), 247-58.
  • Phiri, A. (2017). ‘Long-run Equilibrium Adjustment between Inflation and Stock
  • Silva N. L. C., (2016). 'Effects of inflation on Stock Prices: Evidence from Sri Lanka', International Journal of Scientific and Engineering Research, 7(4), 1278-79.
  • Singh A., (2008). 'Stock Markets in Low and Middle Income Countries', Centre of business Research, University of Cambridge, Working Paper No. 377.
  • Solnik B. and Solnik V. (1997). 'A multi-country test of the Fisher model for
  • Stock returns', Journal of International Financial Markets, Institutions and Money, 7: 289-301.
  • Tripathi V. (2014). 'Relationship between Inflation and Stock Returns- Evidence
  • Uwubanmwen A. and Eghosa I. L., (2015). 'Inflation Rate and Stock Returns:

Cite this article

APA

CHICAGO

    CHICAGO : Mukhtar, Surayya, and Abdul Rashid. 2020. "Fisher Hypothesis in the Stock Market: An Alternative Specification." Global Social Sciences Review, V (I): 134-145 doi: 10.31703/gssr.2020(V-I).14

HARVARD

    HARVARD : MUKHTAR, S. & RASHID, A. 2020. Fisher Hypothesis in the Stock Market: An Alternative Specification. Global Social Sciences Review, V, 134-145.

MHRA

    MHRA : Mukhtar, Surayya, and Abdul Rashid. 2020. "Fisher Hypothesis in the Stock Market: An Alternative Specification." Global Social Sciences Review, V: 134-145

MLA

    MLA : Mukhtar, Surayya, and Abdul Rashid. "Fisher Hypothesis in the Stock Market: An Alternative Specification." Global Social Sciences Review, V.I (2020): 134-145 Print.

OXFORD

    OXFORD : Mukhtar, Surayya and Rashid, Abdul (2020), "Fisher Hypothesis in the Stock Market: An Alternative Specification", Global Social Sciences Review, V (I), 134-145

TURABIAN

    TURABIAN : Mukhtar, Surayya, and Abdul Rashid. "Fisher Hypothesis in the Stock Market: An Alternative Specification." Global Social Sciences Review V, no. I (2020): 134-145. https://doi.org/10.31703/gssr.2020(V-I).14