ItemArticle

STABILITY IN CHAOS: IMPACT OF MONETARY, FISCAL, AND FIRM CHARACTERISTICS ON INVESTOR SENTIMENT IN ASIAN EMERGING MARKETS

Title
STABILITY IN CHAOS: IMPACT OF MONETARY, FISCAL, AND FIRM CHARACTERISTICS ON INVESTOR SENTIMENT IN ASIAN EMERGING MARKETS
Creator
Loang O.K.; Candra S.; Naveenan R.V.
Description
This study investigates the impact of firm characteristics, monetary policies, and fiscal policies on investor sentiment, specifically focusing on market volatility and trading volume in six Asian emerging markets during the pre-pandemic and pandemic periods. Using panel data regression on a sample of 5,619 firms between 2015 and 2023, this study analyses the distinct roles of firm-specific factors and macroeconomic policies in shaping market behaviour during periods of economic instability. The findings reveal that firm characteristics such as capital structure and payout policies consistently drive both volatility and trading volume. Monetary policies, particularly interest rates and money supply, showed heightened significance during the pandemic, while fiscal policies, though largely insignificant pre-pandemic, became more relevant during the crisis. The study's results provide critical insights for policymakers and investors on the dynamic interplay between firm-level and macroeconomic factors during crisis periods, emphasising the need for coordinated policy responses. 2024, Universiti Malaysia Sarawak. All rights reserved.
Source
International Journal of Business and Society, Vol-25, No. 3, pp. 1145-1164.
Date
2024-01-01
Publisher
Universiti Malaysia Sarawak
Subject
emerging markets; firm characteristics; Investor sentiment; monetary policies; volatility
Coverage
Loang O.K., Universiti Malaya, Malaysia; Candra S., BINUS University, Indonesia; Naveenan R.V., Christ University, India
Rights
All Open Access; Gold Open Access
Relation
ISSN: 15116670
Format
Online
Language
English
Type
Article

Collection

Articles

Citation

Loang O.K.; Candra S.; Naveenan R.V., “STABILITY IN CHAOS: IMPACT OF MONETARY, FISCAL, AND FIRM CHARACTERISTICS ON INVESTOR SENTIMENT IN ASIAN EMERGING MARKETS,” CHRIST (Deemed To Be University) Institutional Repository, accessed February 27, 2025, https://archives.christuniversity.in/items/show/13356.

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