This paper seeks to examine some of the dynamic interactions of
stock prices and macroeconomic factors in five ASEAN countries, Indonesia;
Malaysia; the Philippines; Singapore; and Thailand with particular attention
to the 1997 Asian financial crisis and period onwards. Using monthly time
series data of the countries, accounting innovation analyses based on vector
autoregressive (VAR) analytical framework is employed to empirically
examine the interaction among the variables. This research reveals that,
firstly, a shock to a particular variable in the model results in various
contemporaneous reactions by other variables across the countries during the
sample period. Secondly, the general forecast error variance decomposition
results likely reinforce the outcomes of the general impulse response analyses
in most of the countries.

Creator(s)

• (98-044) Adwin Surja Atmadja

Contributor(s)

-

Publisher

Universitas Kristen Petra; 2004

Language

English

Category

jou – Journal

Sub Category

-

Source

Jurnal Akuntansi dan Keuangan Vol. 6, No. 1, Mei 2004: 55- 76; Adwin Surja Atmadja (98-044)

Subject(s)

-

File(s)

• jiunkpe-ns-jou-2004-98-044-7856-financial_crisis-resource1.pdf