Drinking water being the basic requirements of life plays an integral role in maintaining and promoting public health. To meet the targets of Millennium Development Goals India needs roughly Rs.380 billion. Given pattern of investments, State is making large investment. However, due to lack of...

This paper applies Autoregressive Conditional Heteroskedasticity (ARCH) methodology to model volatality and its persistence based on daily returns(1992-96) of 30 blue-chip securities traded in Bombay Stock Exchange. The results of the Study show that the variance of returns varies over time and...

A number of influential studies have documented a strong value premium for US stocks over the period 1963 to 1990 (Fama and French (1992), Lakonishok et al. (1994)). Stocks with low price-earnings multiples, price-book values and other measures of value are reported to have given a higher mean...

This paper addresses the important question of what happened to the Indian stock market following financial liberalisation. Considering three stock market indicators, viz., size, liquidity and volatility, and applying two time series trend break techniques of Perron (1989, 1997) on monthly data...

This paper attempts to test the stock market efficienty (in a semi-strong form) by investigating the relationsship between aggregate stock returns and a number of important macro variables including fiscal and monetary policy actions using the VAR methodology. This exercise is carried out using...

Med afsæt i et historisk lavt dividende-pris (D-P) forhold har Tom Engsted & Carsten <p> Tanggaard prædikteret, at det danske aktiemarked vil falde med 50 % i.f.t niveauet i 1996, <p> idet en tilbagevenden af D-P ratioen til det historiske gennemsnit hævdes primært at komme i <p> stand via...</p></p></p>

This paper presents long time series of stock and bond returns for Denmark <p> from 1922 to 1999. Average stock returns are low in an international context, but <p> returns (and volatility) have increased sharply since 1983 which may be explained by <p> major changes in economic policy and...</p></p></p>