stdClass Object ( [id] => 16962 [paper_index] => 202507-07-023078 [title] => AN EMPIRICAL ANALYSIS OF THE IMPACT OF MACRO-ECONOMIC FACTORS ON STOCK MARKET RETURNS [description] => [author] => Muddireddy Likhitha Reddy, Dr. K. V. Geetha Devi Ph.D [googlescholar] => [doi] => https://doi.org/10.36713/epra23078 [year] => 2025 [month] => July [volume] => 12 [issue] => 7 [file] => fm/jpanel/upload/2025/July/202507-07-023078.pdf [abstract] => This study investigates how key macroeconomic variables interest rates, inflation, GDP growth, exchange rates, and money supply affect stock market returns. Using time-series econometric techniques such as multiple regression, VAR, and co-integration analysis, the research identifies both short-term and long-term relationships. Data is collected from reliable financial institutions to ensure accuracy. The findings highlight significant correlations, suggesting these economic indicators play a crucial role in shaping investor behaviour and market movements. Despite limitations like data constraints and market volatility, the study offers valuable insights for investors, policymakers, and financial analysts. SDG: This project supports SDG 10 (Reduced Inequalities) and SDG 8 (Decent Work and Economic Growth) by promoting financial inclusion and economic understanding. It also relates to SDG 9 (Industry, Innovation and Infrastructure) through the use of advanced econometric methods, and SDG 16 (Peace, Justice and Strong Institutions) by contributing to transparent policy formulation. [keywords] => Macroeconomic Variables, Stock Returns, Investor Behaviour, Econometric Analysis, Financial Markets. [doj] => 2025-07-15 [hit] => [status] => [award_status] => P [orderr] => 9 [journal_id] => 7 [googlesearch_link] => [edit_on] => [is_status] => 1 [journalname] => EPRA International Journal of Economics, Business and Management Studies (EBMS) [short_code] => IJHS [eissn] => 2347-4378 [pissn] => [home_page_wrapper] => images/products_image/2.EBMS.png ) Error fetching PDF file.