2018-05-29T10:25:25Z

2018-05-29

Default License

Stock prices

OLS

masterThesis

Finance

Stocks--Accounting

STOCKS

free

School of Economics, Business Administration and Legal Studies, MSc in International Accounting, Auditing and Financial Management

his dissertation was written as part of the MSc in International Accounting, Auditing and Financial Management at the International Hellenic University. The objective of this study is to analyze the relationship between the stock market prices of FTSE 100 index and macroeconomic factors in United Kingdom for the period 2002 - 2016. The key macroeconomic factors studied are Consumer price i ndex, Exchange Rate, Treasury bills rate, Unemployment rate, Oil prices and Industrial production. An Ordinary Least Squa re s regression will be produced in order to show if there is any link between those variables and also a lag ged model , as an extension of the main model, to examine whether past values of the predictors could cause the Stock prices. The results showed a positive impact of exchange rate, Oil prices and Industrial production on S tock prices of FTSE 100 index. In addition, the study examines how another economic indicator such as Gross do mestic product could be affect the FTSE all - share index by running an OLS regression and applying a Granger causality test.

Archontakis, Fragiskos

ihu