Abstract
This study analyses the relationship between the stock market and fiscal performance by adding the moderating role of institutional quality in the nexus between fiscal performance and the stock market in advanced countries. The study employs panel data of advanced countries with the span of 2007-2021 using the Generalized method of moments(GMM). The results find that fiscal performance plays a major role in determining the stock market returns, more over institutional quality further enhancing the relationship between fiscal performance and the stock market. This study contributes to ongoing literature by providing new evidence on the moderating role of institutional quality in the nexus between fiscal performance and the stock market.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.