Regression Analysis on Macroeconomic Factors and Dividend Yield on Bank Nifty Index Returns
- Title
- Regression Analysis on Macroeconomic Factors and Dividend Yield on Bank Nifty Index Returns
- Creator
- Chhikara Y.; Desai P.
- Description
- The study has examined an impact of macroeconomic variables and dividend yield on Bank NIFTY Index. It analyses the relationship amongst macroeconomic variables and dividend yield. The study used quarterly data from 1 January 2010 to 31 December 2019. It employed statistical measures like regression analysis to analyse the impact of independent variables (macroeconomic factors and dividend yield) on the dependent variable (Bank NIFTY returns) and multicollinearity tests to understand the relationship amongst the independent variables. The observations concluded that GDP, government bond yield and dividend yield have a significant impact on Bank NIFTY returns but CPI does not have a significant impact on Bank NIFTY returns. We can also conclude that all the independent variables are not correlated to each other. The study suggested to policy makers, in India, that they should maintain economic stability through policies of growth that will eventually boost the banking sector and the economy. 2021, The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
- Source
- Lecture Notes in Networks and Systems, Vol-166, pp. 419-427.
- Date
- 2021-01-01
- Publisher
- Springer Science and Business Media Deutschland GmbH
- Subject
- Autocorrelation; Bank NIFTY; Durban Watson test; Multicollinearity; Regression analysis
- Coverage
- Chhikara Y., Department of Professional Studies, The Christ University, Bangalore, India; Desai P., Department of Professional Studies, The Christ University, Bangalore, India
- Rights
- Restricted Access
- Relation
- ISSN: 23673370; ISBN: 978-981159688-9
- Format
- Online
- Language
- English
- Type
- Conference paper
Collection
Citation
Chhikara Y.; Desai P., “Regression Analysis on Macroeconomic Factors and Dividend Yield on Bank Nifty Index Returns,” CHRIST (Deemed To Be University) Institutional Repository, accessed February 26, 2025, https://archives.christuniversity.in/items/show/20650.