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

Lim, Kian Ping (2008) Sectoral impact of shocks : Empirical evidence from the Malaysian stock market. Applied Financial Economics Letters, 4 (1). pp. 35-39. ISSN 1744-6546


Download (204kB) | Preview


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.

Item Type: Article
Uncontrolled Keywords: Sectoral impact of shocks, Empirical evidence, Malaysian stock market
Subjects: ?? HG4551-4598 ??
Divisions: SCHOOL > Labuan School of International Business and Finance
Depositing User: Unnamed user with email
Date Deposited: 21 Apr 2011 09:51
Last Modified: 16 Oct 2017 03:52

Actions (login required)

View Item View Item

Browse Repository
   UMS News
Quick Search

   Latest Repository

Link to other Malaysia University Institutional Repository

Malaysia University Institutional Repository