Handbook Of Business Practices And Growth In Emerging Markets

Handbook Of Business Practices And Growth In Emerging Markets

Author: Satyendra Singh

Publisher: World Scientific

Published: 2009-10-22

Total Pages: 577

ISBN-13: 981447181X

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The Handbook of Business Practices and Growth in Emerging Markets consists of a collection of specially commissioned chapters that describe the current business environment, organizational culture, consumer behavior, financial investment climate, and examples of best prevailing practices in emerging markets. It covers all the major functional areas of business — marketing, strategy, operations and finance — in all continents. The focus of each chapter is on the identification of different business issues in different emerging markets (including Asia, Africa and South America) and on the implementation of a proposed set of recommendations, using both qualitative and quantitative techniques to assist in decision-making and in improving organizational efficiency and effectiveness. Readers will also appreciate the multidimensional view of financial and non-financial performance measurement of businesses.Specifically, the goal of this research-based handbook is to provide a comprehensive guide for business students and managers by discussing a range of issues from the diverse emerging markets and enabling them to develop a strategic mindset for a market-oriented culture. Given the changing business dynamics, government policies and demands in industries, this handbook is both timely and topical.


Indian Stock Market

Indian Stock Market

Author: Gourishankar S. Hiremath

Publisher: Springer Science & Business Media

Published: 2013-10-28

Total Pages: 135

ISBN-13: 8132215907

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India is one of the major emerging economies of the world and has witnessed tremendous economic growth over the last decades. The reforms in the financial sector were introduced to infuse energy and vibrancy into the process of economic growth. The Indian stock market now has the largest number of listed companies in the world. The phenomenal growth of the Indian equity market and its growing importance in the economy is indicated by the extent of market capitalization and the increasing integration of the Indian economy with the global economy. Various schools of thought explain the behaviour of stock returns. The Efficient Market Theory is the most important theory of the School of Neoclassical Finance based on rational expectation and no-trade argument. The book investigates the growth and efficiency of the Indian stock market in the theoretical framework of the Efficiency Market Hypothesis (EMH). The main objective of the present study is to examine the returns behaviour in the Indian equity market in the changed market environment. A detailed and rigorous analysis, made with the help of the sophisticated time series econometric models, is one of the key elements of this volume. The analysis empirically tests the random walk hypothesis and focuses on issues like nonlinear dynamics, structural breaks and long memory. It uses new and disaggregated data on recent reforms and changes in the market microstructure. The data on various indices including sectoral indices help in measuring the relative efficiency of the market and understanding how liquidity and market capitalization affect the efficiency of the market.


Functional Instability or Paradigm Shift?

Functional Instability or Paradigm Shift?

Author: Amitava Sarkar

Publisher: Springer Science & Business Media

Published: 2012-03-16

Total Pages: 78

ISBN-13: 8132204654

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The study investigates the working of the Indian stock market in recent years and attempts to look for functional instability, if any, embedded in the stock market. Specifically, it explores to discern whether there been any significant change in recent years in Indian stock market and the nature and characteristics of such changes, if any. It chooses the nine year period from 1999 to 2008. Over this period, stock market witnessed some major price changes: one in late 1999 that ended in mid 2001, another that commenced from mid 2004 and a recent one that in effect commenced from early 2008. There is significant volatility in the market with presence of risk premium;there is asymmetric impact. The market responds more to the negative shocks. The global stock market is having its influence on Indian stock market. The impact of developed country effect, particularly, that of US stock market has been the most prominent. There is some evidence for regional contagion. When we look at the domestic sectors, we see that the traditional sectors, -Capital Goods and Consumer Durables,are the two most predominant sectors. Other sectors, particularly the IT sector, have only a mild, almost insignificant impact on market volatility and transmits very little of its volatility to other sectors.


Festschrift in Honor of Peter Schmidt

Festschrift in Honor of Peter Schmidt

Author: Robin C. Sickles

Publisher: Springer Science & Business Media

Published: 2014-03-15

Total Pages: 417

ISBN-13: 1489980083

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From the Introduction: This volume is dedicated to the remarkable career of Professor Peter Schmidt and the role he has played in mentoring us, his PhD students. Peter’s accomplishments are legendary among his students and the profession. Each of the papers in this Festschrift is a research work executed by a former PhD student of Peter’s, from his days at the University of North Carolina at Chapel Hill to his time at Michigan State University. Most of the papers were presented at The Conference in Honor of Peter Schmidt, June 30 - July 2, 2011. The conference was largely attended by his former students and one current student, who traveled from as far as Europe and Asia to honor Peter. This was a conference to celebrate Peter’s contribution to our contributions. By “our contributions” we mean the research papers that make up this Festschrift and the countless other publications by his students represented and not represented in this volume. Peter’s students may have their families to thank for much that is positive in their lives. However, if we think about it, our professional lives would not be the same without the lessons and the approaches to decision making that we learned from Peter. We spent our days together at Peter’s conference and the months since reminded of these aspects of our personalities and life goals that were enhanced, fostered, and nurtured by the very singular experiences we have had as Peter’s students. We recognized in 2011 that it was unlikely we would all be together again to celebrate such a wonderful moment in ours and Peter’s lives and pledged then to take full advantage of it. We did then, and we are now in the form of this volume.


Stock Market Volatility

Stock Market Volatility

Author: Greg N. Gregoriou

Publisher: CRC Press

Published: 2009-04-08

Total Pages: 654

ISBN-13: 1420099558

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Up-to-Date Research Sheds New Light on This Area Taking into account the ongoing worldwide financial crisis, Stock Market Volatility provides insight to better understand volatility in various stock markets. This timely volume is one of the first to draw on a range of international authorities who offer their expertise on market volatility in devel


Stock Market Guide (India)

Stock Market Guide (India)

Author: Ashok Nahar

Publisher: Ashok Nahar

Published: 2024-09-01

Total Pages: 228

ISBN-13:

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Step into the dynamic world of the Indian stock market with Abcd Of Indian Stock Market, a comprehensive guide designed for both novice and budding investors. This book breaks down the complexities of stock trading into simple, digestible concepts, making it the perfect starting point for anyone eager to learn the fundamentals of investing. Explore key topics such as the basics of shares, market indices, and sectors, and gain insights into essential strategies like fundamental analysis, technical analysis, and even futures and options. With clear explanations and practical advice, this book demystifies the art of buying and selling shares, helping you navigate market volatility with confidence. Whether you’re looking to grow your wealth or simply understand how the stock market operates, Abcd Of Indian Stock Market offers a well-rounded foundation to build your investment knowledge. Packed with tips, guidelines, and real-world examples, this is more than just a book—it’s your personal guide to mastering the stock market in India. Ashok Nahar


The Effectiveness of Monetary Policy Transmission Under Capital Inflows

The Effectiveness of Monetary Policy Transmission Under Capital Inflows

Author: Ms.Sonali Jain-Chandra

Publisher: International Monetary Fund

Published: 2012-11-02

Total Pages: 19

ISBN-13: 1475579713

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The effectiveness of the monetary policy transmission mechanism in open economies could be impaired if interest rates are driven primarily by global factors, especially during periods of large capital inflows. The main objective of this paper is to assess whether this is true for emerging Asia’s economies. Using a dynamic factor model and a structural vector auto-regression model, we show that long-term interest rates in Asia are indeed predominantly driven by global factors. However, monetary policy transmission mechanism remains effective in the region, as it operates predominantly through short-term interest rates. Nevertheless, the monetary transmission mechanism, though effective, is somewhat weaker in Asia during the periods of surges in capital inflows.


Louis Bachelier's Theory of Speculation

Louis Bachelier's Theory of Speculation

Author: Louis Bachelier

Publisher: Princeton University Press

Published: 2011-12-12

Total Pages: 205

ISBN-13: 1400829305

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March 29, 1900, is considered by many to be the day mathematical finance was born. On that day a French doctoral student, Louis Bachelier, successfully defended his thesis Théorie de la Spéculation at the Sorbonne. The jury, while noting that the topic was "far away from those usually considered by our candidates," appreciated its high degree of originality. This book provides a new translation, with commentary and background, of Bachelier's seminal work. Bachelier's thesis is a remarkable document on two counts. In mathematical terms Bachelier's achievement was to introduce many of the concepts of what is now known as stochastic analysis. His purpose, however, was to give a theory for the valuation of financial options. He came up with a formula that is both correct on its own terms and surprisingly close to the Nobel Prize-winning solution to the option pricing problem by Fischer Black, Myron Scholes, and Robert Merton in 1973, the first decisive advance since 1900. Aside from providing an accurate and accessible translation, this book traces the twin-track intellectual history of stochastic analysis and financial economics, starting with Bachelier in 1900 and ending in the 1980s when the theory of option pricing was substantially complete. The story is a curious one. The economic side of Bachelier's work was ignored until its rediscovery by financial economists more than fifty years later. The results were spectacular: within twenty-five years the whole theory was worked out, and a multibillion-dollar global industry of option trading had emerged.


Forecasting Financial Markets in India

Forecasting Financial Markets in India

Author: Rudra Prakash Pradhan

Publisher: Allied Publishers

Published: 2009

Total Pages: 224

ISBN-13: 9788184244267

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Papers presented at the Forecasting Financial Markets in India, held at Kharagpur during 29-31 December 2008.