Financial Risk Management Via Econometric Model On Saigon Beer Western Jsc. Stock Price – A Case In F&B Industry In Vietnam

Authors

  • Pham Tien Manh
  • Tran Thi Thu Huong

Keywords:

WSB stock price; GDP growth; inflationary; risk free rate; market interest rate JEL: M21, N1

Abstract

GDP growth in Vietnam, controlled inflation and population growth around 1% (2018) are positive figures to encourage business operation of Saigon Beer Western JSC. (WSB). Fluctuation of stock price in F&B firms such as WSB in Vietnam will reflect the business health of F&B industry and consuming economy. Good business management requires us to consider the impacts of multi macro factors on stock price, and it contributes to promoting business plan and economic policies for economic growth and stabilizing macroeconomic factors. By data collection method through statistics, analysis, synthesis, comparison, quantitative analysis to generate qualitative comments and discussion; using econometric method to perform regression equation and evaluate quantitative results, the article analyzed and evaluated the impacts of six (6) macroeconomic factors on stock price of a joint stock F&B company, Saigon Beer Western JSC (WSB) in Vietnam in the period of 2014-2019, both positive and negative sides. The results of quantitative research, in a seven factor model, show that the decrease in CPI and increase in lending rate has a significant effect on decreasing WSB stock price with the highest impact coefficient, the second is increasing the risk free rate. This research finding and recommended policy also can be used as reference in policy for commercial bank system in many developing countries.

Downloads

Download data is not yet available.

References

Ahmad, N., & Ramzan, M. (2016). Stock Market Volatility and Macroeconomic Factor Volatility, International Journal of Research in Business Studies and Management, 3(7), 37-44.

Arshad, Z., Ali, R. A., Yousaf, S., & Jamil, S. (2015). Determinants of Share Prices of listed Commercial Banks in Pakistan, IOSR Journal of Economics and Finance, 6(2), 56-64.

Ayub, A., & Masih, M. (2013). Interest Rate, Exchange Rate, and Stock Prices of Islamic Banks: A Panel Data Analysis, MPRA Paper No. 58871.

Cherif, R., & Hasanov, F. (2012). Public Debt Dynamics: The Effects of Austerity, Inflation, and Growth Shocks, IMF Working paper WP/12/230.

Krishna, R.C. (2015). Macroeconomic Variables impact on Stock Prices in a BRIC Stock Markets: An Empirical Analysis, Journal of Stock & Forex Trading, 4(2).

Kulathunga, K. (2015). Macroeconomic Factors and Stock Market Development: With Special Reference to Colombo Stock Exchange, International Journal of Scientific and Research Publications, 5(8), 1-7.

Ihsan, H., Ahmad, E., Muhamad, I.H., & Sadia, H. (2015). International Journal of Scientific and Research Publications, 5(8)

Jarrah, M., & Salim, N. (2016). The Impact of Macroeconomic Factors on Saudi Stock Market (Tadawul) Prices, Int'l Conf. on Advances in Big Data Analytics.

Luthra, M., & Mahajan, S. (2014). Impact of Macro factors on BSE Bankex, International Journal of Current Research and Academic Review, 2(2), 179-186.

Ndlovu, M., Faisal, F., Nil, G.R., & Tursoy, T. (2018).The Impact of Macroeconomic Variables on Stock Returns: A Case of the Johannesburg Stock Exchange, Romanian Statistical Review, 2, 88-104.

Pan, Q., & Pan, M. (2014). The Impact of Macro Factors on the Profitability of China’s Commercial Banks in the Decade after WTO Accession, Open Journal of Social Sciences, 2, 64-69.

Quy, V.T., & Loi, D.T.N. (2016). Macroeconomic factors and Stock Price – A Case Of Real Estate Stocks on Ho Chi Minh Stock Exchange, Journal of Science Ho Chi Minh City Open University, 2(18), 63-75.

Saeed, S., & Akhter, N. (2012). Impact of Macroeconomic Factors on Banking Index in Pakistan, Interdisciplinary Journal of Contemporary Research in Business, 4(6), 1200- 1218.

https://www.sbv.gov.vn

https://nif.mof.gov.vn

Downloads

Published

2021-02-28

How to Cite

Manh, P. T. ., & Huong, T. T. T. . (2021). Financial Risk Management Via Econometric Model On Saigon Beer Western Jsc. Stock Price – A Case In F&B Industry In Vietnam. The Journal of Contemporary Issues in Business and Government, 27(1), 2592–2604. Retrieved from https://cibgp.com/au/index.php/1323-6903/article/view/738

Issue

Vol. 27 No. 1 (2021): The journal of contemporary issues in business and government

Section

Articles

License

You are free to:

  1. Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
  2. Adapt — remix, transform, and build upon the material for any purpose, even commercially.
  3. The licensor cannot revoke these freedoms as long as you follow the license terms.

Under the following terms:

  1. Attribution — You must give appropriate credit , provide a link to the license, and indicate if changes were made . You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
  2. No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.

Notices:

You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation .

No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.