عنوان

Capital markets and investment decision making /

8132237463

8132237471

813223748X

9788132237464

9788132237471

9788132237488

9788132237464

Capital markets and investment decision making /

[Book]

Raj S. Dhankar.

New Delhi, India :

Springer,

[2019]

1 online resource (xviii, 355 pages) :

illustrations (some color)

Includes bibliographical references and index.

Intro; Preface; Contents; About the Author; Abbreviations; Capital Markets Operation; 1 Understanding the Behaviour of Stock Market; Introduction; Preferences; Psychological Biases; Heuristics; Human Tendency or Self-deception; Conclusion; Annexure: Market Anomalies; References; 2 Clearance and Settlement Process; Introduction; Literature Review; Research Methodology; Dematerialization; According to ISMR; Linkages with Clearing System; Integration with Theory; Rolling Settlement and Settlement Cycle; Straight-Through Processing; Integration with Theory; Deferral Products; Risk Management

Conclusion and ImplicationsReferences; 4 Stock Markets' Conditions and Investment Decisions; Introduction; Literature Review; Overreaction and Momentum Effect: An Overview; Sources of Contrarian and Momentum Profits; Data and Methodology; Empirical Results; Existence of Momentum and Overreaction Effect in the Indian Stock Market; Market States and Investment Strategies; Market State and Momentum Profits; Interaction Between Market State, Size and Investment Strategies; Market-Dependent Risk-Adjusted Returns; Discussion; Conclusion; References; 5 Stock Markets Overreaction; Introduction

Integration with TheoryConclusion; Appendix 1: Major Redesign Events; References; 3 Stock Market Operations and Long-Run Reversal Effect; Introduction; Literature Review; Empirical Evidence of Long-Run Reversal Effect; Alternative Explanation of Long-Run Return Reversal Effect; Data and Methodology; Data Description; Methodology; Empirical Results; Descriptive Statistics of Portfolios; Market-Adjusted Returns and Long-Run Return Reversal Effect; Seasonality in Long-Run Contrarian Profits; Risk-Adjusted Long-Run Contrarian Profits; Other Sources of Risk; Multivariate Risk-Adjusted Approach

Literature ReviewOverreaction and Momentum Effect; Rational Sources of Contrarian and Momentum Profits; Behavioural Finance: A New Approach; Data and Methodology; Empirical Results; Existence of Momentum and Overreaction Effect in Indian Stock Market; Robustness Test; Evaluation of Behaviour Explanation for Momentum and Overreaction Effect; Conclusion; References; Global Markets and Investment Decisions; 6 Calendar Anomalies in Stock Markets; Introduction; Data and Methodology; Empirical Findings; Day-of-the-Week Effect; Conclusion; References; 7 Stock Market Return Volatility; Introduction

Review of LiteratureResearch Methodology; Empirical Findings; Preliminary Results; Test for Cross-Relation in Stock Returns; Forecasting of Volatility Fitting of GARCH(1,1) Model; Diagnostic Testing; Measurement of Asymmetric Volatility; Relationship Between Stock Returns and Conditional Volatility, and Standardized Residuals; Summary and Implication of the Study; References; 8 Stock Markets' Instability, Integration and Volatility; Introduction; South Asia: Current State of Art; An Overview of South Asian Stock Markets; Data Source, Methods and Properties of Data; Data Source

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This book discusses capital markets and investment decision-making, focusing on the globalisation of the world economy. It presents empirically tested results from Indian and Southwest Asian stock markets and offers valuable insights into the working of Indian capital markets. The book is divided into four parts: the first part examines capital-market operations, particularly clearance and settlement processes, and stock market operations. The second part then addresses the functioning of global markets and investment decisions; more specifically it explores calendar anomalies, dependencies, overreaction effect, causality effect and stock returns volatility in South Asia, U.S. and global stock markets as a whole. Part three covers issues relating to capital structure, values of firm and investment strategies. Lastly, part four discusses emerging issues in finance like behavioral finance, Islamic finance, and international financial reporting standards. The book fills the gap in the existing finance literature and helps fund managers and individual investors make more accurate investment decisions.

Springer Nature

com.springer.onix.9788132237488

9788132237464

9788132237471

Capital market.

Investments.

Capital market.

Investments.

BUS027000

KFF

KFF

Dhankar, Raj S.,1955-

20200823202907.0

pn

[Book]

Y