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    A NEW APPROACH TO THE BUSINESS CYCLE AND INSIGHTS FOR THE ALLOCATION OF INVESTMENT ASSET CLASSES AND SECTORAL STOCK RETURNS ALONG THE BUSINESS CYCLE 

    Korn Talthip; Korn Talthip; Sorasart Sukcharoensin; สรศาสตร์ สุขเจริญสิน; Sorasart Sukcharoensin; สรศาสตร์ สุขเจริญสิน (National Institute of Development Administration, 13/8/2021)

    Portfolio management strategy enables investors to reduce risk and maximize return. Investment in different stocks in equity market helps reducing non-systematic risk however systematic risk of portfolio obviously affected by macroeconomic conditions. Different stages of business cycle associates with changes in macroeconomic environment together with business sentiment and different market expectations which impact performance of specific asset classes in each stage. Equity in different stock sectors responses differently in various economic and ...