scholarly journals Investors’ Perception for Transforming Traditional Stock Market into Islamic Stock Market: An Empirical Study on Dhaka Stock Exchange

2013 ◽  
Vol 2 (2) ◽  
pp. 93-104
Author(s):  
Md. Saheb Ali Mondal ◽  
◽  
Nazma Akter ◽  
Mohammad Afsar Kamal ◽  
◽  
...  
Keyword(s):  
Stock Market ◽  
Empirical Study ◽  
Stock Exchange

scholarly journals ADR ON CLIENT’S DISPUTE WITH TRADING MEMBER AT THE LEADING STOCK EXCHANGE IN INDIA: AN EMPIRICAL STUDY

2020 ◽  
Vol 4 (3) ◽  
pp. 1-7
Author(s):  
Bezawada Brahmaiah
Keyword(s):  
Stock Market ◽  
Empirical Study ◽  
Emerging Markets ◽  
Stock Exchange ◽  
Developed Countries ◽  
Regulatory Framework ◽  
Securities Market ◽  
Case Method ◽  
Trading Rules ◽  
Study Results

The paper evaluates trading rules and regulations of the Stock Exchange in cash segment of the stock market in India. The paper adopts case method to study the trading rules and practices of trading members of the Exchange. It investigates the stock market’s misuses and abuses by the trading members. The paper provides guidance for the appropriate regulatory framework to Indian securities market and ensures investors’ protection. The results may be generalized in the emerging markets. Hence, researchers are encouraged to study results further in other developed countries. The paper finds that these practices are not only violation of trading rules of the Stock Exchange but also unfair and unethical trading practices.

scholarly journals The measurement of intellectual capital by market capitalization method: Empirical study of Polish listed companies

2017 ◽  
Vol 5 (2) ◽  
pp. 106-115
Author(s):  
Salome Svanadze ◽  
Magdalena Kowalewska
Keyword(s):  
Stock Market ◽  
Empirical Study ◽  
Intellectual Capital ◽  
Stock Exchange ◽  
Market Value ◽  
Financial Statements ◽  
Listed Companies ◽  
Future Research ◽  
Book Value ◽  
Warsaw Stock Exchange

Intellectual capital has become a fundamental source for enterprises, but its measurement and reporting remain a major challenge for managers and researchers. The purpose of this paper is to examine and report the differences in the Intellectual Capital (IC) Market Value (MV) to Book Value (BV) of the Polish WIG 20 indexed companies from Warsaw Stock Exchange. The data necessary to perform the calculations in accordance with the MV/PV method came from the financial statements for the period 2010-2014 of 20 Polish companies. The MV/BV method provides the means to measure intellectual capital in a precise and timely calculation and is particularly useful for the companies that are listed on the stock market. Results are presented and followed by discussion and implication for future research.

The Impact of Investor Sentiment on Stock Market Liquidity: The Mediating Role of Investor Herding Behavior “An Empirical Study on the Egyptian Stock Exchange”

2021 ◽  
pp. 31-60
Author(s):  
A. H. El-Gayar ◽  
◽  
I. A. El-Hayes ◽  
S. Metawa ◽  
◽  
...  
Keyword(s):  
Stock Market ◽  
Empirical Study ◽  
Mutual Fund ◽  
Stock Exchange ◽  
Investor Sentiment ◽  
Theoretical Background ◽  
Market Liquidity ◽  
Indirect Impact ◽  
Stock Market Liquidity ◽  
The Impact

Behavioral finance is a recent approach in financial markets that have appeared because of the complexities long faced by the traditional or neoclassical finance theory. This paper investigates the influence of investor sentiment and herding behaviour on stock market liquidity using an empirical study on the Egyptian Stock Market. We examine the direct impact of Egyptian investor sentiment on the Egyptian Stock Market liquidity. As well as the indirect impact of the Egyptian investor sentiment on the Egyptian Stock Market liquidity through the Egyptian investor herding behaviour. Therefore, the major contribution is filling the gap of indirect sentiment-liquidity impact conflict. We use the monthly data of the EGX30 index from January 2004 up to December 2018 for building up investor sentiment index, investor herding behaviour, and stock market liquidity measures. Moreover, we are using two additional types of data (closed-end mutual fund discounts and the equity open-end mutual fund flows) that represent major measures which are used to build up investor sentiment index ranging through the same time-series of the previously mentioned period of this paper. Additionally, we use four control variables for stock market liquidity, namely market volatility, excess market return, term spread, and lag of the dependent variable, considering that the fourth variable is also used for investor herding behaviour. Our result shows that the investor sentiment index has both a direct and indirect impact on stock market liquidity. In addition, regarding event study analysis’ results, there are different signs of the direct and indirect impacts and different correlations between the research variables throughout the four different events that differ completely from the usual signs and correlations of the theoretical background.

scholarly journals The Impact of China-Pak Economic Corridor (CPEC) on Pakistan Stock Exchange (PSX)

2020 ◽  
Vol 6 (4) ◽  
pp. 1307-1317
Author(s):  
Muhammad Mudasar Ghafoor ◽  
Zahid Hussain ◽  
Muhammad Yasir Saeed
Keyword(s):  
Stock Market ◽  
Empirical Study ◽  
Event Study ◽  
Design Methodology ◽  
Stock Exchange ◽  
Chinese Economy ◽  
Market Returns ◽  
Stock Market Returns ◽  
The Impact ◽  
Positive Effect

Purpose: The study aims to find out the impact of CPEC project on volatility and growth of Pakistan stock exchange PSX-100. The CPEC is a significant subset and southern corridor of (SREB) which consists of three economic corridors (Rana, 2015). The investment in CPEC projects not only accelerates Pakistan and Chinese economy but also anticipated to have significant effects on Pakistan stock exchange PSX. Design/Methodology/Approach: The methodology of event study proposed by Bremer and Sweeney (1991). The methodology of Cox and Peterson (1994) used to identify the effects of events related to CPEC projects and stock market returns. Findings: The results indicated that the volatility of PSX-100 has low in post CPEC as compared to pre CPEC era showing a positive effect of CPEC on PSX in the form of stable PSX 100 returns in post CPEC announcement era. Implications/Originality/Value: The results of this empirical study provide important implications to overseas investors, corporations and regulators.

scholarly journals An Empirical Study of Financial Integration between Stock Market of India and Australia

2017 ◽  
Vol 4 (01) ◽  
Author(s):  
Amit Kumar Singh ◽  
Rohit Kumar Shrivastav
Keyword(s):  
Stock Market ◽  
Empirical Study ◽  
Capital Market ◽  
Financial Integration ◽  
Stock Exchange ◽  
Descriptive Statistics ◽  
Exchange Market ◽  
Integration Test ◽  
The World ◽  
Market Capitalisation

Growth of a country is dependent upon growth of industries which, in turn, depends upon capital market conditions because this market is going to give an element which is most important for the success and failure of every industry i.e., funds. The Australian Securities Exchange market is the largest exchange in the world with market capitalisation of more than A$ 1.5 trillion. It is the finest and most advanced and automated exchange of the world. India is also having sophisticated stock exchange which is National Stock Exchange. The present paper made an attempt to investigate financial integration between NSE and ASX stock market taking daily closing index of ASX and NSE. The descriptive statistics showed NSE market provides slightly higher returns than ASX market. The results of Granger causality show that ASX does not Ganger cause return at NSE and NSE also does not Granger cause return at ASX. The Johansen Co-integration test also speaks about no co-integration between them. Therefore, during the study we did not find a strong financial integration between both the nations’ stock market.

META-ANALYSIS ON AMERICAN PRESIDENTIAL ELECTION - 2016 AND AMERICAN STOCK MARKET

2020 ◽  
Vol 38 (1) ◽  
Author(s):  
Farhan Ahmed ◽  
Salman Bahoo ◽  
Sohail Aslam ◽  
Muhammad Asif Qureshi
Keyword(s):  
Content Analysis ◽  
Stock Market ◽  
Event Study ◽  
Presidential Election ◽  
Republican Party ◽  
Stock Exchange ◽  
Meta Analysis ◽  
Composite Index ◽  
Stock Index ◽  
Political Event

This paper aims to analyze the efficient stock market hypothesis as responsive to American Presidential Election, 2016. The meta-analysis has been done combining content analysis and event study methodology. The all major newspapers, news channels, public polls, literature and five important indices as Dow Jones Industrial Average (DJIA), NASDAQ Stock Market Composit Indexe (NASDAQ-COMP), Standard & Poor's 500 Index (SPX-500), New York Stock Exchange Composite Index (NYSE-COMP) and Other U.S Indexes-Russell 2000 (RUT-2000) are critically examined and empirically analyzed. The findings from content analysis reflect that stunned winning of Mr Trump from Republican Party worked as shock for American stock market. From event study, findings confirmed that all the major indices reflected a decline on winning of Trump and losing of Ms. Clinton from Democratic. The results are supported empirically and practically through the political event like BREXIT that resulted in shock to Global stock index and loss of $2 Trillion.

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