scholarly journals The effects of nonsynchronous trading in the Brazilian capital market

2007 ◽  
Vol 4 (1) ◽  
pp. 27-40
Author(s):  
Danilo Lopomo Beteto ◽  
Daniel Reed Bergmann
Keyword(s):  
Capital Market ◽  
Nonsynchronous Trading

scholarly journals BIAS BETA DAN MODEL KOREKSI

2007 ◽  
Vol 6 (1) ◽  
Author(s):  
Aulia Hanani ◽  
Endang Emawati
Keyword(s):  
Hypothesis Testing ◽  
Capital Market ◽  
Stock Exchange ◽  
Nonsynchronous Trading

The purpose of this study is to analyze the existence of bias in beta values in the Jakarta Stock Exchange (JSX) that is a developing capital market and have a significant number of stocks that illiquid. Therefore, the measurement of beta is likely bias. The existence of bias beta values is caused by nonsynchronous trading. This study replicates the previous study from Hartono and Surianto (2000). It uses 88 samples of listing firms in the JSX from January 1997 until March 2002. The hypothesis testing concludes that during the-interval period beta values in the JSX are bias. The bias of beta values can be corrected with Scholes-Williams model, Dimson model, and Fowler-Rorke model. The Fowler-Rorke model gives the best result to reduce the bias than others.

External Factors of Big Business Transformation in Russia

2005 ◽  
pp. 72-89 ◽  
Author(s):  
Ya. Pappe ◽  
Ya. Galukhina
Keyword(s):  
Financial Market ◽  
Capital Market ◽  
Business Groups ◽  
External Factors ◽  
Big Business ◽  
Business Transformation ◽  
Global Standards ◽  
The World ◽  
Principal Subject

The paper is devoted to the role of the global financial market in the development of Russian big business. It proves that terms and standards posed by this market as well as opportunities it offers determine major changes in Russian big business in the last three years. The article examines why Russian companies go abroad to attract capital and provides data, which indicate the scope of this phenomenon. It stresses the effects of Russian big business’s interaction with the world capital market, including the modification of the principal subject of Russian big business from integrated business groups to companies and the changes in companies’ behavior: they gradually move away from the so-called Russian specifics and adopt global standards.

Institutional Investors on the Securities Market

2003 ◽  
pp. 95-101
Author(s):  
O. Khmyz
Keyword(s):  
Financial Crisis ◽  
Capital Market ◽  
Hedge Funds ◽  
Institutional Investors ◽  
Securities Market ◽  
Main Role ◽  
Investment Funds ◽  
Investment Process ◽  
The Capital Market

Acording to the author's opinion, institutional investors (from many participants of the capital market) play the main role, especially investment funds. They supply to small-sized investors special investment services, which allow them to participate in the investment process. However excessive institutialization and increasing number of hedge-funds may lead to financial crisis.

Construction of China’s Venture Exploration Capital Market

2019 ◽  
Vol 21 (1) ◽  
pp. 74
Author(s):  
Ying Li ◽  
Anjian Wang ◽  
Tianjiao Li
Keyword(s):  
Capital Market
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