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 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 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 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 Semi Strong Form Efficiency of Indian Stock Market in Post Reform Period written by Dr Madhuchhanda Lahiri and published by Walnut Publication. This book was released on 2021-06-26 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Efficient Market Hypothesis is an elegant edifice that provides a basis on which the efficiency tests of a stock market are performed at three distinct levels: weak - form, semi-strong form and strong - form. This magnificent edifice of EMH rests on the Random Walk Theory which contends that all price changes reflect a random departure from previous prices. The weak form of the hypothesis states that prices efficiently reflect all information contained in the past series of stock prices whereas the semi-strong form efficiency contends that security prices factor in publicly available information in the market and that the price changes to new equilibrium levels are reflections of that information. The book checks the weak-form and semi-strong form efficiency of the Indian stock market by examining the behaviour of the stock prices in the Indian stock market after the introduction of the various financial sector reforms using different methodologies. By using NSE data over the period 1998-2005 - the period which witnessed some major crises, scams, intense capital market activities and introduction of many new financial instruments - the study examines the information contents of historical stock price data, quarterly earnings announcements, and stock splits. The book also checks for the presence of the Day-of- the- Week Effect in the Indian stock market and enquires whether the introduction of the various instruments and policy changes have made the Indian stock market weak-form and semi-strong form efficient i.e., whether the efficiency of the stock market has been restored in the post-reforms period compared to the situation in the pre-reform period.
Download or read book Quality Control in Non Staple Food Markets Evidence from India written by Marcel Fafchamps, Ruth V. Hill, and Bart Minten and published by Intl Food Policy Res Inst. This book was released on with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book EduGorilla NTA CUET UG Book 2023 National Testing Agency English Edition 74 Topic wise Tests 2200 Solved Questions written by EduGorilla Prep Experts and published by EduGorilla Community Pvt. Ltd.. This book was released on 2022-08-03 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: • Best Selling Book for NTA CUET UG Exam (Topic-wise Tests for Section IA & III) with objective-type questions as per the latest syllabus given by the National Testing Agency. • NTA CUET UG Exam Preparation Kit comes with 74 Topic-wise Practice Tests with the best quality content. • Increase your chances of selection by 16X. • NTA CUET UG 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 IMU CET Indian Maritime University Common Entrance Test 8 Full length Mock Tests 10 Sectional Tests 2000 Solved Questions written by EduGorilla Prep Experts and published by EduGorilla Community Pvt. Ltd.. This book was released on 2022-08-03 with total page 561 pages. Available in PDF, EPUB and Kindle. Book excerpt: • Best Selling Book for IMU CET : Indian Maritime University Common Entrance Test with objective-type questions as per the latest syllabus given by the Indian Maritime University. • Compare your performance with other students using Smart Answer Sheets in EduGorilla’s IMU-CET Entrance Exam Practice Kit. • IMU-CET Entrance Exam Preparation Kit comes with 18 Tests (8 Mock Tests + 10 Sectional Tests) with the best quality content. • Increase your chances of selection by 14X. • IMU-CET Entrance 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 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.
Download or read book Indian 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 Indian 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 Indian Bank Clerk Mains Exam Practice Kit. • Indian 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. • Indian 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.
Download or read book Information Efficiency and Anomalies in Asian Equity Markets written by Qaiser Munir and published by Routledge. This book was released on 2016-10-04 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: The efficient market hypothesis (EMH) maintains that all relevant information is fully and immediately reflected in stock prices and that investors will obtain an equilibrium rate of return. The EMH has far reaching implications for capital allocation, stock price prediction, and the effectiveness of specific trading strategies. Equity market anomalies reflect that the market is inefficient and hence, contradicts the EMH. This book gathers both theoretical and practical perspectives, by including research issues, methodological approaches, practical case studies, uses of new policy and other points of view related to equity market efficiency to help address the future challenges facing the global equity markets and economies. Information Efficiency and Anomalies in Asian Equity Markets: Theories and evidence is an insightful resource that will be useful for students, academics and professionals alike.
Download or read book Financing Agriculture Value Chains in India written by Gyanendra Mani and published by Springer. This book was released on 2018-01-09 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the successful private, public and civil society models of agriculture value chains in India and addresses relevant challenges and opportunities to improve their efficiency and inclusiveness. It promotes the value-chain approach as a tool to improve access to finance for small holder farmers and discusses the possible structure of and regulatory framework for the ‘National Common Agricultural Market’— a term that featured in the Indian Finance Minister’s 2014–15 budget speech, and which is aimed towards standardizing and improving transparency in agricultural trade practices across states under a single licensing system. The book deliberates on the potential of developing innovative financial instruments into the value chain framework by supporting tripartite agreements between producers, lead firms and financial institutions. Its fourteen chapters are divided into three parts—Agriculture Value Chain Financing: Theoretical Framework, Agriculture Value Chain Financing in Cases of Select Commodities; and Institutional Framework for Agriculture Value Chain Financing. Since the concept of value chain financing is being considered as a future policy agenda, the book is of great interest to corporations dealing with agricultural inputs and outputs; commercial, regional, rural and cooperative banks; policy makers; academicians and NGOs.
Download or read book NRA CET Exam for 10th Pass General Awareness English Edition National Recruitment Agency Common Eligibility Test 16 Topic wise Solved Tests written by EduGorilla Prep Experts and published by EduGorilla Community Pvt. Ltd.. This book was released on 2022-08-03 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: • Best Selling Book in English Edition for NRA CET Exam for 10th Pass : General Awareness (Topic-wise Tests) with objective-type questions as per the latest syllabus given by the National Recruitment Agency. • Compare your performance with other students using Smart Answer Sheets in EduGorilla’s NRA CET Exam for 10th Pass : General Awareness Practice Kit. • NRA CET Exam for 10th Pass : General Awareness Preparation Kit comes with 16 Topic-wise Practice Tests with the best quality content. • Increase your chances of selection by 14X. • NRA CET Exam for 10th Pass : General Awareness 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 Stock Market Efficiency and Price Behaviour written by O. P. Gupta and published by . This book was released on 1989 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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.
Download or read book IBPS RRB SO Marketing Officer Scale 2 Exam 2024 English Edition 10 Full Length Practice Mock Tests 2400 MCQs with Free Access to Online Test Series written by EduGorilla Prep Experts and published by EduGorilla Community Pvt. Ltd.. This book was released on 2024-06-27 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: • Best Selling Book in English Edition for IBPS RRB SO Marketing Officer Exam (Scale II) with objective-type questions as per the latest syllabus given by the Institute of Banking Personnel Selection. • IBPS RRB SO Marketing Officer Exam (Scale II) Preparation Kit comes with 10 Practice Mock Tests with the best quality content. • Increase your chances of selection by 16X. • IBPS RRB SO Marketing Officer Exam (Scale 2) 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 Overseas 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 Indian Overseas 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 Indian Overseas Bank Clerk Mains Exam Practice Kit. • Indian Overseas 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. • Indian Overseas 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.
