Stock Price Comovement: Evidence from India

This study examines the extent to which stock prices comove in an emerging economy, India. We first document that stocks listed on the National Stock Exchange (NSE) comove. Further, we find that synchronicity is positively associated with growth and earnings volatility and negatively associated with business group affiliation and leverage.

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Authors:	Mishra, Sagarika ; Dhole, Sandip
Institutions:	Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance
Subject:	Stock Price Synchronicity \| Business Groups \| Firm Growth \| Leverage \| Earnings Volatility

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Extent:	application/pdf
Series:	Financial Econometics Series.
Type of publication:	Book / Working Paper
Notes:	Number 2014_16 2 pages long
Classification:	G14 - Information and Market Efficiency; Event Studies ; M41 - Accounting
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010836349