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International Journal of Applied Research
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ISSN Print: 2394-7500, ISSN Online: 2394-5869, CODEN: IJARPF

IMPACT FACTOR (RJIF): 8.4

Vol. 3, Issue 3, Part N (2017)

A comparative study of relationship between different markets

A comparative study of relationship between different markets

Author(s)
Dr. Neelam Gupta
Abstract
Sehgal and Triphati (2005) examined the size effect in the Indian stock market using data of top 482 Indian companies for the period of 1990-2003. They found a strong size premium using six alternative measures of company viz. - Market capitalization, Enterprise value, Net Fixed Assets, Net Annual Sales, Total assets and Net Working Capital. Further, the size based investment strategy seemed to be economically feasible as it provided extra normal returns on risk adjusted basis. Frequent rebalancing of size based portfolio was however found to be undesirable. The size effect did not seem to be owing to any seasonality or business cycle factors. The study had strong implications for mutual fund managers, investment analysts as well as small investors who were continuously on lookout for trading strategies that beat the market. The presence of a strong size premium also raised doubts the informational efficiency of Indian Stock market. The authors found strong size effect over the study period which had become more pronounced during recent time period.
Pages: 960-964  |  181 Views  50 Downloads
How to cite this article:
Dr. Neelam Gupta. A comparative study of relationship between different markets. Int J Appl Res 2017;3(3):960-964.
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