The presence of stock market efficiency is a distinctive characteristic of the effectively functioning market economy. Investigation of the market efficiency of seven emerging East-European stock exchanges is carried out as their major stock indices (BELEX15, BET, CROBEX, ISE100, PFTS, RTSI, SOFIX) are studied in respect of long-range dependence (LRD), persistency, and forecasting possibili...

This paper applies two alternative methods of estimation, viz., fully modified OLS (FMOLS) and generalized method of moments (GMM), to analyse the determinants of the capital structure of Indian firms using a panel of 1169 non-financial firms listed in either the Bombay Stock Exchange or the National Stock Exchange over the period 1995–2008. The results thus obtained are robust across the estim...

The sourcing of low-cost finance to facilitate corporate expansion on competitive terms is a major challenge to firms from emerging markets. There are additional constraints in Islamic markets as financial instruments must adhere to shari’ya law. This paper examines the approach taken by the Sudan Telecommunications Company (Sudatel) to obtain cost effective equity financing using secondary lis...

This article aims to analyse risk transmission among the financial markets of China and ASEAN-5 in context 2015 Chinese stock market crash. For this purpose, authors test if (1) volatility resulting from crash has positively influenced (2) increased perception led a negative reaction investors, both as markets. The results imply an enhancement asymmetric effect, suggesting that during crash, re...

The capital asset pricing model is used to calculate the expected return of stock firm. Researcher has evaluated ten food processing companies based on its share prices either from National Stock Exchange or Bombay for period 2017-2018 2021-22. researcher cost equity and application in different market conditions with CAPM. CAPM can be applied risk controlling project synergy effects mergers ac...

This study tests the random walk hypothesis for the Indian stock market. Using 19 years of monthly data on six indices from the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), this study applies three different unit root tests with two structural breaks to analyse the random walk hypothesis. We find that unit root tests that allow for two structural breaks alone are not able ...