Risk perception about uncertain events gives rise to fear. Studies have observed that people, in general, overreact to fear and hence they consider some events to be riskier than they actually are. Such a perception brings about a sea change in asset pricing in general and stock pricing in...

Capital Asset Pricing Model (CAPM) relies heavily on the stock market index as it is practically impossible to collect the entire data from the complex stock market. Though beta value is derived by applying such indices, empirical findings and conclusions vary from one finding to another. This...

This paper employs the cointegration and Vector Error Correction (VEC) methodology to explore exchange rate modeling in Ghana, by considering the interactions between the goods and capital assets market, using monthly data spanning from January 1997 to December 2007. The empirical evidence...

This study is based on the monthly data of 28 equity diversified Indian fund schemes for the period from January 2007 to June 2011. The selected equity diversified fund schemes show mixed performance. About 60% of the fund schemes were able to beat the benchmark markets. Better performing fund...

This study attempts to investigate the effects of the exchange rates on economic growth in Malaysia using time series data spanning from 1971 to 2009. Both exchange rates, nominal and real, are considered to have similar effects on economic growth. The results of ARDL bounds test suggest that...

The paper deals with different characteristics of panel data models to examine the determinants of FDI inflows in India. Using the data over 2001-2010, it finds that the main determinants of FDI inflows are the availability of power, domestic investment and profit. It further justifies that...

This paper investigates the pricing of 72 fixed price IPOs issued in India during 2002-2008. The results indicate that industry composite P/E ratio significantly and positively influences both the offer price and list price. The paper lends support to the view that fixed price IPOs issued during...

This paper aims to explore the link between the Indian stock market and other selected stock markets in the Asia-Pacific region. Using the monthly data from January 2000 to December 2010, the stock market indices of India (SENSEX), Hong Kong (HSI), Indonesia (JKSE), Malaysia (KLSE), South Korea...

A robust banking and financial sector is critical for facilitating higher economic growth. Financial intermediaries like Non-Banking Financial Companies (NBFCs) constitute a significant element of the financial system and have penetrated into those areas where banks did not dare by taking both...

This paper presents empirical evidence that the massive foreign aid inflows into Ghana that accompanied the 1983 reforms had some Dutch disease effects. This finding contrasts with some of the startling findings in the recent literature that aid inflows into Ghana, instead of causing real...