1.

Record Nr.

UNINA9910254893603321

Autore

Singh Shveta

Titolo

Equity Markets in India [[electronic resource] ] : Returns, Risk and Price Multiples / / by Shveta Singh, P.K. Jain, Surendra Singh Yadav

Pubbl/distr/stampa

Singapore : , : Springer Singapore : , : Imprint : Springer, , 2016

ISBN

981-10-0868-X

Edizione

[1st ed. 2016.]

Descrizione fisica

1 online resource (208 p.)

Collana

India Studies in Business and Economics, , 2198-0012

Disciplina

332.6322

Soggetti

Capital market

Macroeconomics

Risk management

Capital Markets

Macroeconomics/Monetary Economics//Financial Economics

Risk Management

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references at the end of each chapters.

Nota di contenuto

Chapter 1. Introduction -- Chapter 2. Rates of Return on Equities: Corporates’ perspective -- Chapter 3. Expected Rates of Return on Equity -- Chapter 4. Rates of Return on Equities: Investors’ Perspective -- Chapter 5. Rates of Returns: Disaggregative Analysis -- Chapter 6. Analysis of Price Multiples -- Chapter 7. Volatility in Stock Returns -- Chapter 8. Level of Market Efficiency Using the ‘Rational Bubbles’ Approach -- Chapter 9. Concluding Observations.

Sommario/riassunto

The book presents a comprehensive view of the Indian equity markets over the past two decades (1994-2014). Equity markets constitute the most important segment of stock exchanges; in fact, the status of equity returns is, by and large, considered as a barometer of the state of a country’s economy. Returns earned by the equity investors on their funds invested in equity markets have become a decisive factor in the growth of such markets. In this context, the book discusses all the major aspects of equity returns and also conducts a dis-aggregative analysis based on underlying factors like age, size, ownership structure, industry affiliation/sector, among others, to explain the factors affecting returns and risk. While on the one hand the study



ascertains the market rates of return (earned) on equities from the investors’ perspective (by including both the capital gains and the dividend income), it also shows how to compute the rates of returns on equities from the corporate perspective (that is, rate of return earned on equity funds). It further assesses the required/expected rate of return and examines the volatility in stock returns, with a focus on its behaviour during the period of the study. It deepens investors’ understanding of equity investment, helping them to make more-informed investments. While of interest to the investor community, this book also contributes significantly to the existing literature on market returns and is a valuable reference resource for academics, researchers and market participants, financial institutions and other intermediaries, regulators and policy makers.