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All Journal Jurnal Multidisiplin Madani (MUDIMA)
Prashant Debnath
Bharathiar University
Civil Engineering, Building, Construction & Architecture Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Industrial & Manufacturing Engineering Social Sciences

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Macroeconomic Determinants of Stock Market Development: A Systematic Literature Review Akash Chaurasia; Prashant Debnath; Mohammed Juraij N
Jurnal Multidisiplin Madani Vol. 3 No. 8 (2023): August, 2023
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/mudima.v3i8.3667

Abstract

The objective of this study is to examine the various macroeconomic factors that influence the growth of the stock market, as well as to explore the techniques employed to establish a correlation between them. For this research, literature was sourced from databases such as Ebsco host, Web of Science, and JSTOR using the search terms "Macroeconomic determinants" and "Stock market". The data obtained was then analyzed using the PRISMA statement and presented in the report accordingly.The study revealed that economic growth has a positive effect on the growth of the stock market, while an increase in the inflation rate has a negative impact. The impact of trade openness, foreign investment, exchange rate, interest rate, and banking sector development was found to be mixed. The correlation between these macroeconomic determinants and stock market development was established by utilizing econometric techniques, including GARCH and ARCH models. This research aims to provide an understanding of the relationship between macroeconomic factors and the development of the stock market, as well as the impact of these factors. However, more in-depth exploration of this topic is needed, including the examination of additional databases and analysis on a country and sectoral level. This research will assist scholars and educators within the fields of economics and finance to gain insight into the macroeconomic factors that influence the growth of the stock market. As far as the researcher is aware, no systematic review using the PRISMA framework has been conducted on the relationship between "macroeconomic determinants" and "stock market development
Identifying and Overcoming Obstacles to ESG Integration in Indian Companies: An Exploratory Study Prashant Debnath; P. Chellasamy; Muhammed Juraij K
Jurnal Multidisiplin Madani Vol. 4 No. 4 (2024): April 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/mudima.v4i4.4043

Abstract

This research paper aims to identify and overcome obstacles to ESG (Environmental, Social, and Governance) integration in Indian companies through an exploratory study. The study employs a qualitative research approach. Preliminary results suggest that Indian companies face several obstacles in integrating ESG factors into their decision-making processes, including a lack of awareness or understanding of ESG factors, limited availability of ESG data, weak regulatory frameworks, and cultural or institutional barriers. Potential solutions to these obstacles include increasing awareness through education and training, improving data quality and availability, strengthening regulatory frameworks, and building partnerships between companies and other stakeholders to promote ESG integration. The findings of this study have important implications for Indian companies, investors, regulators, and other stakeholders, by providing insights into the major obstacles to ESG integration in India and identifying strategies to overcome these obstacles
Co-Authors Akash Chaurasia Mohammed Juraij N Muhammed Juraij K P. Chellasamy