Download or read book Testing the Efficiency of Indian Options Market written by Anirban Ghatak and published by GRIN Verlag. This book was released on 2019-02-26 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2014 in the subject Business economics - Investment and Finance, grade: A, University of Calcutta, language: English, abstract: The present study is conducted to test the efficiency of Indian options market. Very few studies have been conducted to test the efficiency of Indian derivatives market and especially Indian options market. This study is essential for testing the price discovery of the Indian options market. This study is motivated by lack of evidence and fills this gap by providing hitherto unavailable evidence on efficiency of the Indian options market. The purpose of the study is to test the efficiency of Nifty stock options. The study is done using trading data for 1 month. Market efficiency is tested by examining the validity of the put-call parity and of the hedging strategy. Black-Scholes model of option pricing is used to determine the fair option prices in this study. In case of mispricing of options contracts, hedging test is conducted to ascertain whether above normal returns are possible by taking advantage of the mispricing. In hedging test returns are calculated after the trader closes his position in the spot market. These returns are then compared to risk-free returns. When transaction costs are not taken into account, the hedging returns were more than the risk free returns for some stocks which showed that the market is inefficient. But after transaction costs are considered these returns became negative and ascertained that the market is efficient. Put-call parity test in the absence of the transaction costs showed that options market is inefficient. However in the presence of these costs, the hypothesis of market efficiency is accepted. The present study will help to get useful insights so that the options markets can be made more efficient as healthy financial markets are backbone of any financially healthy country. Furthermore, financial markets should be efficient and efficiency helps to prevent any kind of frauds in the financial markets.

Download or read book Handbook of Evidence Based Management Practices in Business written by Satyendra Kumar Sharma and published by Taylor & Francis. This book was released on 2023-05-25 with total page 725 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a collection of selected high-quality research papers presented at the 4th International Conference on Evidence-Based Management (ICEBM) 2023, held at Birla Institute of Technology & Science, Pilani, Rajasthan, India, during February 24–25, 2023. It has 76 chapters written by various scholars focusing on evidence-based management practices in different functional areas of management with the application of theory and empirical techniques. This book will be helpful to practitioners, academics, scholars, and policymakers.

Download or read book S Ganesan Justin Paul written by and published by Allied Publishers. This book was released on with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Indian Stock Market written by Gourishankar S. Hiremath and published by Springer Science & Business Media. This book was released on 2013-10-28 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

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Download or read book Bank of India Clerk Mains Exam IBPS CRP Clerk XII 8 Mock Tests 2 Previous Year Papers written by EduGorilla Prep Experts and published by EduGorilla Community Pvt. Ltd.. This book was released on 2022-08-03 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: • Best Selling Book in English Edition for Bank of India Clerk Mains Exam (IBPS CRP XII) with objective-type questions as per the latest syllabus given by the Institute of Banking Personnel Selection (IBPS). • Compare your performance with other students using Smart Answer Sheets in EduGorilla’s Bank of India Clerk Mains Exam Practice Kit. • Bank of India Clerk Mains Exam Preparation Kit comes with 10 Tests (8 Mock Tests + 2 Previous Year Papers) with the best quality content. • Increase your chances of selection by 14X. • Bank of India Clerk Mains Exam Prep Kit comes with well-structured and 100% detailed solutions for all the questions. • Clear exam with good grades using thoroughly Researched Content by experts.

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Download or read book Central Bank of India Clerk Mains Exam IBPS CRP Clerk XII 8 Mock Tests 2 Previous Year Papers written by EduGorilla Prep Experts and published by EduGorilla Community Pvt. Ltd.. This book was released on 2022-08-03 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: • Best Selling Book in English Edition for Central Bank of India Clerk Mains Exam (IBPS CRP XII) with objective-type questions as per the latest syllabus given by the Institute of Banking Personnel Selection (IBPS). • Compare your performance with other students using Smart Answer Sheets in EduGorilla’s Central Bank of India Clerk Mains Exam Practice Kit. • Central Bank of India Clerk Mains Exam Preparation Kit comes with 10 Tests (8 Mock Tests + 2 Previous Year Papers) with the best quality content. • Increase your chances of selection by 14X. • Central Bank of India Clerk Mains Exam Prep Kit comes with well-structured and 100% detailed solutions for all the questions. • Clear exam with good grades using thoroughly Researched Content by experts.

Download or read book Indian Economy Empirical Analysis On Monetary And Financial Issues In India written by Hamori Shigeyuki and published by World Scientific. This book was released on 2014-09-05 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: India's financial sector has undergone significant changes following the start of the economic liberalization in the early 1990s. In addition to providing important information on monetary and financial issues in India, this book also provides examples to analyze a developing economy by using macro-financial data. The book also focuses on three main topics, that is, monetary policy, financial markets and finance-poverty nexus, and provides new insights into these issues by applying some recently developed quantitative techniques.

Download or read book Portfolio Construction Measurement and Efficiency written by John B. Guerard, Jr. and published by Springer. This book was released on 2016-09-23 with total page 453 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume, inspired by and dedicated to the work of pioneering investment analyst, Jack Treynor, addresses the issues of portfolio risk and return and how investment portfolios are measured. In a career spanning over fifty years, the primary questions addressed by Jack Treynor were: Is there an observable risk-return trade-off? How can stock selection models be integrated with risk models to enhance client returns? Do managed portfolios earn positive, and statistically significant, excess returns and can mutual fund managers time the market? Since the publication of a pair of seminal Harvard Business Review articles in the mid-1960’s, Jack Treynor has developed thinking that has greatly influenced security selection, portfolio construction and measurement, and market efficiency. Key publications addressed such topics as the Capital Asset Pricing Model and stock selection modeling and integration with risk models. Treynor also served as editor of the Financial Analysts Journal, through which he wrote many columns across a wide spectrum of topics. This volume showcases original essays by leading researchers and practitioners exploring the topics that have interested Treynor while applying the most current methodologies. Such topics include the origins of portfolio theory, market timing, and portfolio construction in equity markets. The result not only reinforces Treynor’s lasting contributions to the field but suggests new areas for research and analysis.

Download or read book Digitalisation and Development written by Dibyendu Maiti and published by Springer Nature. This book was released on 2019-12-03 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates the impact of information and communication technologies (ICTs) on development and well-being (beyond economic benefits) and highlights some emerging issues relating to the realities, constraints and digital divides with particular reference to India. It collects a series of novel contributions, studying the Indian experience in an international cross-country perspective. The book also discusses economic, social, and behavioural aspects of well-being as well as access to ICTs across regions, states and individuals to account for the digital divide. The book establishes an aggregate relationship between ICT exposure and well-being at the country level and addresses a number of fundamental issues, such as whether ICT raises the level of transparency and governance. Based on case studies and anecdotal evidence, it then further assesses the effective implementation of service delivery through ICT innovations. The book is divided into four parts: The introductory part surveys the literature and presents background information on the Indian case; introduces the main themes on the relationships between ICT, socio-economic development and digital divides; and provides a summary and roadmap to the chapters of the book. Part II focuses on the impact of ICT on economic performance, including economic growth, productivity and trade. Part III examines the extent of the digital divides in India, including international, regional as well as inter-personal inequality. Finally, Part IV investigates the impact of ICT on governance, users’ well-being and social outcomes. Combining insights from analyses of a variety of socio-economic dimensions related to digitalisation, this book is relevant for a wide range of scholars and researchers across disciplines, as well as practitioners and policy-makers. While the book has a main focus on India, various contributions take an international cross-country comparative perspective, and the results have general relevance for digitalisation and development. On the whole, the main message of this book is that the impact of ICTs is contingent upon other assets, capabilities and institutional conditions. National policies should, therefore, not only promote digitalization as such but also ensure its co-evolution and complementarity with a variety of other country-specific factors. Chapter 'Digitalisation and Development: Issues for India and Beyond' of this book is available open access under a CC BY 4.0 license at link.springer.com

Download or read book UCO Bank Clerk Mains Exam IBPS CRP Clerk XII 8 Mock Tests 2 Previous Year Papers written by EduGorilla Prep Experts and published by EduGorilla Community Pvt. Ltd.. This book was released on 2022-08-03 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: • Best Selling Book in English Edition for UCO Bank Clerk Mains Exam (IBPS CRP XII) with objective-type questions as per the latest syllabus given by the Institute of Banking Personnel Selection (IBPS). • Compare your performance with other students using Smart Answer Sheets in EduGorilla’s UCO Bank Clerk Mains Exam Practice Kit. • UCO Bank Clerk Mains Exam Preparation Kit comes with 10 Tests (8 Mock Tests + 2 Previous Year Papers) with the best quality content. • Increase your chances of selection by 14X. • UCO Bank Clerk Mains Exam Prep Kit comes with well-structured and 100% detailed solutions for all the questions. • Clear exam with good grades using thoroughly Researched Content by experts.

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Download or read book Trends in Emerging Markets Finance Institutions and Money written by Duc Khuong Nguyen and published by MDPI. This book was released on 2020-12-02 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the waves of financial liberalization in the 1980s, emerging market economies have been accessible to foreign investors. Altogether, they contributed up to 43.8% of the global GDP in 2018, and many of them, such as China, India, Bangladesh, Philippines, Myanmar and Vietnam from 2010 to 2019, are among the fastest-growing economies in the world. Given the high economic growth, the assets issued by companies in emerging markets are viewed as a new set of investment opportunities for global investors and fund managers who seek to improve the risk-adjusted performance of their portfolios. In addition to their risky profile due to the lack of transparency as well as stable and matured institutions, their recent development path faces a number of challenges arising not only from the slow pace of economic reforms but also from their increased integration with the world. Geopolitical risks, the US–China trade wars, and rising policy uncertainty around the world are expected to reduce their growth potential and performance. This Special Issue dedicates special attention to the current dynamics of emerging financial markets, as well as their perspectives of development as a key driver for sustainable firms and economies. Accordingly, the focus is particularly placed on market integration and interdependence, valuations and risk management practices, and the financing means for inclusive growth.