variance decomposition

The Lead-lag Relationships of Equity Fund Flows: Evidence of an Emerging Market

On: October 8, 2022

This study examines the lead-lag relationships among four arrays of equity fund flows into Malaysian equity market. The equity fund flows are of (1) local institutional and retail investors and (2) foreign institutional and retail investors. Using a daily aggregate data, the findings of this study reveal that foreign institutionalContinue Reading

The Co-Movement between Exchange Rates and Stock Prices in an Emerging Market

By: syazahzwni

On: October 8, 2022

The aim of this paper is to examine the co-movement between exchange rates and stock prices of both the market and industries (industrial products and consumer products) in Malaysia from March 1994 to December 2013. Motivated by inconclusive evidences of previous studies to support the flow oriented and stock orientedContinue Reading