{"id":"https://openalex.org/W3120542957","doi":"https://doi.org/10.1109/ieem45057.2020.9309816","title":"The Influence of Macroeconomic Variables on Philippine Stock Market Indices: A Structural Equation Model Approach","display_name":"The Influence of Macroeconomic Variables on Philippine Stock Market Indices: A Structural Equation Model Approach","publication_year":2020,"publication_date":"2020-12-14","ids":{"openalex":"https://openalex.org/W3120542957","doi":"https://doi.org/10.1109/ieem45057.2020.9309816","mag":"3120542957"},"language":"en","primary_location":{"id":"doi:10.1109/ieem45057.2020.9309816","is_oa":false,"landing_page_url":"https://doi.org/10.1109/ieem45057.2020.9309816","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2020 IEEE International Conference on Industrial Engineering and Engineering Management (IEEM)","raw_type":"proceedings-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5033525169","display_name":"Noime B. Fernandez","orcid":null},"institutions":[{"id":"https://openalex.org/I103193709","display_name":"Adamson University","ror":"https://ror.org/00xbjad38","country_code":"PH","type":"education","lineage":["https://openalex.org/I103193709"]}],"countries":["PH"],"is_corresponding":true,"raw_author_name":"N. B. Fernandez","raw_affiliation_strings":["Adamson University, Manila, Philippines"],"affiliations":[{"raw_affiliation_string":"Adamson University, Manila, Philippines","institution_ids":["https://openalex.org/I103193709"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5100618616","display_name":"Richard Li","orcid":"https://orcid.org/0000-0001-6039-6180"},"institutions":[{"id":"https://openalex.org/I5996616","display_name":"De La Salle University","ror":"https://ror.org/04xftk194","country_code":"PH","type":"education","lineage":["https://openalex.org/I5996616"]}],"countries":["PH"],"is_corresponding":false,"raw_author_name":"R. C. Li","raw_affiliation_strings":["De La Salle University, Manila, Philippines"],"affiliations":[{"raw_affiliation_string":"De La Salle University, Manila, Philippines","institution_ids":["https://openalex.org/I5996616"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5033525169"],"corresponding_institution_ids":["https://openalex.org/I103193709"],"apc_list":null,"apc_paid":null,"fwci":0.3215,"has_fulltext":false,"cited_by_count":3,"citation_normalized_percentile":{"value":0.68004332,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":96},"biblio":{"volume":null,"issue":null,"first_page":"1027","last_page":"1031"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.9714999794960022,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.9714999794960022,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12394","display_name":"Insurance and Financial Risk Management","score":0.9574000239372253,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":0.9286999702453613,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/stock-market","display_name":"Stock market","score":0.7006530165672302},{"id":"https://openalex.org/keywords/money-supply","display_name":"Money supply","score":0.580391526222229},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.5795577168464661},{"id":"https://openalex.org/keywords/monetary-policy","display_name":"Monetary policy","score":0.5623415112495422},{"id":"https://openalex.org/keywords/stock","display_name":"Stock (firearms)","score":0.5452450513839722},{"id":"https://openalex.org/keywords/monetary-economics","display_name":"Monetary economics","score":0.5253495573997498},{"id":"https://openalex.org/keywords/interest-rate","display_name":"Interest rate","score":0.4940369725227356},{"id":"https://openalex.org/keywords/index","display_name":"Index (typography)","score":0.45025742053985596},{"id":"https://openalex.org/keywords/financial-market","display_name":"Financial market","score":0.4470434784889221},{"id":"https://openalex.org/keywords/structural-equation-modeling","display_name":"Structural equation modeling","score":0.4397830665111542},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.33241578936576843},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.21590739488601685}],"concepts":[{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.7006530165672302},{"id":"https://openalex.org/C2779971977","wikidata":"https://www.wikidata.org/wiki/Q842206","display_name":"Money supply","level":3,"score":0.580391526222229},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5795577168464661},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.5623415112495422},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.5452450513839722},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5253495573997498},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.4940369725227356},{"id":"https://openalex.org/C2777382242","wikidata":"https://www.wikidata.org/wiki/Q6017816","display_name":"Index (typography)","level":2,"score":0.45025742053985596},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.4470434784889221},{"id":"https://openalex.org/C71104824","wikidata":"https://www.wikidata.org/wiki/Q1476639","display_name":"Structural equation modeling","level":2,"score":0.4397830665111542},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.33241578936576843},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.21590739488601685},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C136764020","wikidata":"https://www.wikidata.org/wiki/Q466","display_name":"World Wide Web","level":1,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1109/ieem45057.2020.9309816","is_oa":false,"landing_page_url":"https://doi.org/10.1109/ieem45057.2020.9309816","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2020 IEEE International Conference on Industrial Engineering and Engineering Management (IEEM)","raw_type":"proceedings-article"}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Reduced inequalities","score":0.6499999761581421,"id":"https://metadata.un.org/sdg/10"}],"awards":[],"funders":[{"id":"https://openalex.org/F4320324072","display_name":"Commission on Higher Education","ror":"https://ror.org/04s346m05"}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":11,"referenced_works":["https://openalex.org/W1987451721","https://openalex.org/W2028748772","https://openalex.org/W2166087405","https://openalex.org/W2197614815","https://openalex.org/W2546610890","https://openalex.org/W2551658670","https://openalex.org/W2581262926","https://openalex.org/W3123656875","https://openalex.org/W6647175543","https://openalex.org/W6657750223","https://openalex.org/W6729094356"],"related_works":["https://openalex.org/W3121971130","https://openalex.org/W2149629167","https://openalex.org/W2219841215","https://openalex.org/W4311510390","https://openalex.org/W3092978209","https://openalex.org/W2981452910","https://openalex.org/W2376699789","https://openalex.org/W1643556331","https://openalex.org/W3164188895","https://openalex.org/W2645942849"],"abstract_inverted_index":{"Structural":[0],"Equation":[1],"Modeling":[2],"was":[3,34],"carried":[4],"out":[5],"in":[6,77,169],"this":[7,177],"study":[8],"to":[9,36,56,163],"investigate":[10],"whether":[11],"macroeconomic":[12,139],"variables":[13,41,140],"under":[14],"Business":[15,82],"Activity,":[16],"Consumer":[17,61],"Activity":[18,62,83],"and":[19,44,63,95,114,124,150],"Monetary":[20,64,102],"Policy":[21,65,103],"influence":[22,71],"the":[23,48,52,67,72,78,92,99,122],"performance":[24,73,132,172],"of":[25,40,54,74],"Philippine":[26,79],"stock":[27,49,131,170],"market":[28,50,171],"indices.":[29],"A":[30],"proposed":[31],"economic-based":[32],"model":[33],"used":[35],"determine":[37],"which":[38],"set":[39],"has":[42],"direct":[43,107,119],"indirect":[45],"effect":[46,108,120],"on":[47,109,121],"for":[51,91],"period":[53],"2006":[55],"2018.":[57],"Results":[58],"showed":[59,104],"that":[60,70,130,157],"were":[66],"main":[68],"drivers":[69],"all":[75],"sectors":[76],"Stock":[80],"Market.":[81],"is":[84,133,173],"also":[85],"a":[86,105],"significant":[87,106],"factor":[88],"but":[89,117],"only":[90],"Financial,":[93,110],"Industrial,":[94],"Property":[96,125],"Sectors.":[97],"On":[98],"other":[100],"side,":[101],"Holding":[111],"Firms,":[112],"Services,":[113],"Mining-Oil":[115],"Sectors":[116],"no":[118],"Industrial":[123],"Sector.":[126],"The":[127],"results":[128],"conclude":[129],"significantly":[134],"determined":[135,175],"by":[136,176],"some":[137],"fundamental":[138],"such":[141],"as":[142],"money":[143],"supply,":[144],"interest":[145],"rate,":[146],"remittances,":[147],"consumer":[148,164],"spending,":[149],"industrial":[151],"production":[152],"index.":[153],"These":[154],"findings":[155],"suggest":[156],"investors":[158],"should":[159],"pay":[160],"close":[161],"attention":[162],"activity":[165],"since":[166],"an":[167],"increase":[168],"mainly":[174],"factor.":[178]},"counts_by_year":[{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":1}],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}