This paper investigates the causal relationship between stock market indices and gold price in India. The monthly time series data for Mumbai gold prices and three stock market indices, viz., Sensex, BSE 100 and S&P CNX Nifty, are used for the period January 1991 to December 2011. By applying...

This paper aims to investigate the co-movement and transmission of distress through money markets during the global financial crisis by analyzing LIBOR-OIS spreads. It focuses on the US, Eurozone, UK and Japan. The sample is divided into two periods around the time of Lehman Brothers shock to...

This paper aims to study the stock market reaction around buyback announcements made during a 10-year period between 2000-01 and 2009-10 by taking the S&P CNX 500 index companies and dividing the period into normal and active market conditions. Through the standard event study methodology, it...

This paper aims to identify the critical corporate fundamental factors that have a significant effect on stock price movements as mirrored by two leading stock indices, Sensex and Nifty, which in turn have an influence on the entire market movement.

This paper applies two methodologies of herding to a number of stock markets in Africa, Asia, Europe, and America, and examines how the returns behave with regard to movements in the MSCI world index. We separate the upturns and downturns in detecting the herd behavior. The results show that the...

This paper examines the firm characteristics typically preferred by institutional investors before investing in a stock in the Indian equity market, and also explores the implications of such preferences in terms of their subsequent performance. We find that all institutional investors show...