Sectoral impact of shocks: empirical evidence from the Malaysian stock market

Kian-Ping Lim

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Sectoral impact of shocks: empirical evidence from the Malaysian stock market

机译：冲击的行业影响：马来西亚股市的经验证据

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The present study adopts the framework of Lim et al. (2006) who conjectured that the existence of nonlinear serial dependencies is due to shocks that unsettled the market and caused large deviations from equilibrium. Specifically, this article extends the investigation to shed further light on whether different economic sectors of the Malaysian stock market are subjected to the same shocks effects. The results reveal that the Russian crisis, negative economic outlook, unorthodox capital control measures, increased political tension, uncertainty over Central Limit Order Book issue, and the imposition of repatriation levy, have sent shock waves throughout the domestic stock market.

机译：本研究采用Lim等人的框架。（2006年），他推测非线性序列相关性的存在是由于震荡使市场不稳定，并导致了与均衡的较大偏离。具体而言，本文将调查范围扩大，以进一步阐明马来西亚股票市场的不同经济部门是否受到相同的冲击效应。结果表明，俄罗斯危机，负面的经济前景，不合常规的资本管制措施，政治紧张局势加剧，中央限价令发行的不确定性以及征收遣返费，已在整个国内股市上引发了冲击波。

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来源
《Applied Financial Economics Letters》 |2008年第3期|p.35-39|共5页
作者
Kian-Ping Lim;
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作者单位

Labuan School of International Business and Finance, Universiti Malaysia Sabah, P.O. Box 80594, 87015 FT, Labuan, Malaysia;

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正文语种 eng
中图分类财政、金融;
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Sectoral impact of shocks: empirical evidence from the Malaysian stock market

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