Template-Type: ReDIF-Article 1.0
Handle: RePEc:ebj:ijpssr:2024v3iIIIa25
Title: Analyzing the Connection between Macroeconomic Variables and Market Performance: A Panel Study from an Emerging Economy
Author-Name: Surayya Jamal
Author-Name: Ahmad Zeb
Author-Name: Sadaf Ijaz
Author-Name: Muhammad Ibraheem Jan
Author-Email: surayyajml@gmail.com
Author-Email: ahmad.zeb@icp.edu.pk
Author-Email: sadafijaz2024@gmail.com
Author-Email: ibrahimjan294294@gmail.com
Abstract: This study explores at how Pakistan's market performance is affected by macroeconomic factors from 2014 to 2023. The World Bank's Development Indicators (WDI) dataset and annual reports are the sources of the data. In this research study, the panel data was analyzed using GMM. This research advances the field by using features of macroeconomic variables instead of firm-level elements. The empirical finding demonstrates that macroeconomic factors support non-financial companies' market performance in Pakistan. Companies operative in Pakistan should be concerned of the possible influence of these factors on market performance and search for new methods to deal with them. The macroeconomic variables effectively enhance market performance. Policymakers and investors need to take these facts into consideration while choices are being made on economic policy and investments.
Journal: International Journal of Politics & Social Sciences Review
Year: 2024
Volume: 3
Issue: III
Pages: 240-249
File-URL: https://ojs.ijpssr.org.pk/index.php/ijpssr/article/download/68/52/567
File-Format: Application/pdf