INFLUENCE OF INFLATION RATE TO STOCK PRICE GROWTH AMONG DIVERSIFIED COMPANIES IN THE PHILIPPINES

Abstract

This study aimed to determine the influence of inflation rate to stock price growth among diversified companies in the Philippines. Research respondents were the 73 diversified companies in the Philippines. This study employed a descriptive correlation design which is useful for identifying the relationship between two or more quantifiable variables. Secondary data of the inflation rate and stock prices were gathered through the use of a checklist method as an instrument. A monthly data of the inflation rate was compared to stock price growth of a diversified company to obtain an understanding of the underlying forces and structure that produced the observed data. The statistical treatment used to analyze and interpret data was the regression model using panel data. The results showed that though the inflation rate can positively influence the stock price growth among diversified companies in the Philippines, this influence cannot be considered as significant.