... determine the intrinsic value of an investment asset (common stock, bond) at a point in time by examining the variables that determine value such as current and future earnings, interest rates, and ... disclosure is unclear and unreliable. Second, the ability of investors in analyzing and understanding macroeconomic and industrial news is still limited. Third, macroeconomic/ market and industrial analyses ... among stock prices indices and macroeconomic variables in five ASEAN countries, Indonesia; Malaysia; the Philippines; Singapore; and Thailand with particular attention to the 1997 Asian financial...