From: The effect of Malaysia general election on stock market returns
Variable | Day | |||
---|---|---|---|---|
15 | 30 | 60 | 90 | |
Constant | 0.01 | −0.12 | −0.24 | −0.14 |
0.07 | −0.64 | −1.32 | −0.59 | |
Before (β 1) | 0.38 | 0.46 | 0.53* | 0.24 |
0.71 | 1.13 | 1.89 | 0.91 | |
After (β 2) | 0.25 | 0.40 | 0.47* | 0.22 |
0.61 | 1.21 | 1.69 | 0.93 | |
US stock market return | 3.30 | 4.21 | 3.28 | 3.54 |
0.24 | 0.30 | 0.24 | 0.25 | |
Inflation rate | −0.03 | −0.02 | −0.01 | −0.02 |
−1.10 | −0.89 | −0.28 | −0.63 | |
Interest rate | – | – | – | – |
– | – | – | – | |
Unemployment rate | – | – | – | – |
– | – | – | – | |
Exchange rate | 0.10 | 0.12 | 0.17 | 0.07 |
0.81 | 1.03 | 1.48 | 0.69 | |
Gross domestic product | −0.03 | −0.02 | −0.02 | −0.03 |
−1.23 | −0.45 | −0.60 | −1.03 | |
Market volatility | −0.29 | −0.26 | −0.26 | −0.26 |
−0.73 | −0.67 | −0.67 | −0.66 |