| 000 | 03382nam a22005295i 4500 | ||
|---|---|---|---|
| 001 | 978-81-322-1590-5 | ||
| 003 | DE-He213 | ||
| 005 | 20200420211745.0 | ||
| 007 | cr nn 008mamaa | ||
| 008 | 131028s2014 ii | s |||| 0|eng d | ||
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_a9788132215905 _9978-81-322-1590-5 |
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| 024 | 7 |
_a10.1007/978-81-322-1590-5 _2doi |
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| 050 | 4 | _aHB172.5 | |
| 072 | 7 |
_aKCB _2bicssc |
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_aKCBM _2bicssc |
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_aBUS039000 _2bisacsh |
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_aBUS045000 _2bisacsh |
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| 082 | 0 | 4 |
_a339 _223 |
| 100 | 1 |
_aHiremath, Gourishankar S. _eauthor. |
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| 245 | 1 | 0 |
_aIndian Stock Market _h[electronic resource] : _bAn Empirical Analysis of Informational Efficiency / _cby Gourishankar S. Hiremath. |
| 264 | 1 |
_aNew Delhi : _bSpringer India : _bImprint: Springer, _c2014. |
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| 300 |
_aXIX, 124 p. 7 illus. _bonline resource. |
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| 336 |
_atext _btxt _2rdacontent |
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| 337 |
_acomputer _bc _2rdamedia |
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| 338 |
_aonline resource _bcr _2rdacarrier |
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_atext file _bPDF _2rda |
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| 490 | 1 |
_aSpringerBriefs in Economics, _x2191-5504 |
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| 520 | _aIndia 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. | ||
| 650 | 0 | _aGlobalization. | |
| 650 | 0 | _aMarkets. | |
| 650 | 0 | _aFinance. | |
| 650 | 0 | _aEconometrics. | |
| 650 | 0 | _aMacroeconomics. | |
| 650 | 1 | 4 | _aEconomics. |
| 650 | 2 | 4 | _aMacroeconomics/Monetary Economics//Financial Economics. |
| 650 | 2 | 4 | _aEconometrics. |
| 650 | 2 | 4 | _aFinance, general. |
| 650 | 2 | 4 | _aEmerging Markets/Globalization. |
| 710 | 2 | _aSpringerLink (Online service) | |
| 773 | 0 | _tSpringer eBooks | |
| 776 | 0 | 8 |
_iPrinted edition: _z9788132215899 |
| 830 | 0 |
_aSpringerBriefs in Economics, _x2191-5504 |
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| 856 | 4 | 0 | _uhttp://dx.doi.org/10.1007/978-81-322-1590-5 |
| 912 | _aZDB-2-SBE | ||
| 942 | _cEBK | ||
| 999 |
_c50943 _d50943 |
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