Impact Analysis of Macroeconomic Factors on Stock Value of Shanghai Pudong Development Bank under PCA Regression

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Economic Management Journal

Economic Management Journal (EMJ) is an international open access journal, concerning about the latest research results of economic management. The goal of the journal is to provide a global forum for scholars and researchers in this field to exchange ideas and promote the theoretical and practical development of economic management.The journal receives manuscripts written in Chinese or English. As for Chinese papers, the following it... [More] Economic Management Journal (EMJ) is an international open access journal, concerning about the latest research results of economic management. The goal of the journal is to provide a global forum for scholars and researchers in this field to exchange ideas and promote the theoretical and practical development of economic management.

The journal receives manuscripts written in Chinese or English. As for Chinese papers, the following items in English are indispensible parts of the paper: paper title, author(s), author(s)'affiliation(s),abstract and keywords. If this is the first time you contribute an article to the journal, please format your manuscript as per the sample paper and then submit it into the online submission system. Accepted papers will immediately appear online followed by printed hard copies by Ivy Publisher globally. Therefore, the contributions should not be related to secret. The author takes sole responsibility for his views.

ISSN Print:2169-6020

ISSN Online:2169-6039

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Paper Infomation

Impact Analysis of Macroeconomic Factors on Stock Value of Shanghai Pudong Development Bank under PCA Regression

Full Text(PDF, 123KB)

Author: Xujie Pan, Kai Wu

Abstract: When we consider the factors affecting the stock market, we often consider the impact of macroeconomic factors on it. On the basis of the academic achievements of predecessor scholars on macroscopic factors affecting the overall stocks, this article selects six macroeconomic influencing factors: money supply, USDCNY exchange rate, GDP, national fiscal revenue, price index and interest rate, and uses PAC regression analysis method to construct a regression model. Analyze the influencing factors of Shanghai Pudong Development Bank stock; then conduct heteroscedasticity, autocorrelation, and multicollinearity tests to modify and adjust the regression model; finally, make relevant recommendations based on the analysis results.

Keywords: Stock Value, PAC Regression, Macroeconomic Factors, Multicollinearity, Shanghai Pudong Development Bank Stock

References:

[1] Wu Shilan, Gao Leifu. Analysis of the impact of macroeconomic factors on the HOSE stock price index[J].Modern Commercial Industry,2019,v.40,116-117.

[2] Lei Shaokang. An Empirical Analysis of the Impact of Macroeconomic Factors on Stock Prices[J].Modern Business,2020,No.568,138-140.