Government Intervention and Regulation in Emerging Stock Markets: A Case Study of the Korean Stock Exchange

1993 ◽  
Vol 8 (1) ◽  
pp. 53-91
Author(s):  
S. J. Yim
Keyword(s):  
Stock Markets ◽  
Government Intervention ◽  
Stock Exchange ◽  
Emerging Stock Markets

Mixed integer programming approach for seasonal anomalies in stock markets: A case study for BIST

2018 ◽  
Vol 5 (2) ◽  
pp. 19-28
Author(s):  
Oguzhan Ahmet Arik
Keyword(s):  
Integer Programming ◽  
Mixed Integer Programming ◽  
Stock Prices ◽  
Stock Markets ◽  
Stock Exchange ◽  
Mixed Integer ◽  
Programming Approach ◽  
The Past ◽  
Istanbul Stock Exchange

This paper proposes a mixed integer programming approach for seasonal anomalies in stock markets and presents a case study for the XU030 index in the stock market of Istanbul Stock Exchange (BIST). Stock markets are significant for economies of countries all over the world. Investors get economical wealth or lose some of their investment by selling and buying stocks. Therefore, buying and selling times of stocks are so important. This paper investigates a well-known effect called as ‘Sell in May and Go Away’ by proposing a MIP approach that searches best times for buying and selling of stocks in a year. Furthermore, this paper includes a numerical example of XU030 stock prices for the past 5 years and shows that most of the XU030 stocks have seasonal anomalies.Keywords: First keyword, second keyword, third keyword, forth keyword.

scholarly journals Effect of Volatility Changes on Emerging Stock Markets: The Case of Jordan

2015 ◽  
Vol 7 (4) ◽  
pp. 132
Author(s):  
Marwan Mohammad Abu Orabi ◽  
Talal Abed-Alkareem Alqurran
Keyword(s):  
Stock Market ◽  
Stock Markets ◽  
Stock Exchange ◽  
Exchange Rate Policy ◽  
Emerging Stock Markets ◽  
Amman Stock Exchange ◽  
Rate Policy ◽  
Icss Algorithm ◽  
The Impact ◽  
High Uncertainty

<p>The Middle East financial markets have experienced several unexpected volatility shifts during the last two decades had recorded a serious impact on these markets and caused a financial turmoil that has elevated the uncertainties in the region. In view of this, more empirical findings should be learned and documented for future benefits. As one of the affected countries, Jordan was chosen as a case to provide empirical insight on the matter. This paper analyzed the behavior of Jordan’s stock market (Amman Stock Exchange, ASE) during the intervals of high uncertainty. It highlighted the impact of volatility on this market in terms of its efficiency and returns, during 2004-2012 periods, by utilizing the iterated cumulative sums of squares (ICSS) algorithm, GARCH and GARCH-M models. Sudden changes in volatility seem to arise from the evolution of emerging stock markets, exchange rate policy changes and financial crises. Evidence also reveals that when sudden shifts are taken into account in the GARCH models, the persistence of volatility is reduced significantly in every series. Research results provided significant empirical evidence for positive risk-return relationship in the stock exchange. Moreover, this study also found that the stock market, across all sectors, was more sensitive to global news events as compared to the local events. The asymmetrical responses to good and bad news were also an important characteristic of the ASE market behavior.</p>

scholarly journals Growth versus value investing: a case of Nigerian Stock Market

2019 ◽  
Vol 16 (1) ◽  
pp. 30-45
Author(s):  
Mukail Aremu Akinde ◽  
Eriki Peter ◽  
Ochei Ailemen Ikpefan
Keyword(s):  
Stock Market ◽  
Stock Markets ◽  
Stock Exchange ◽  
Annual Reports ◽  
Reverse Causality ◽  
Value Investing ◽  
Value Stocks ◽  
Pooled Data ◽  
Emerging Stock Markets ◽  
Growth Stocks

At a time, the Nigeria Stock Exchange (NSE) is generally undergoing bearish trends; the paper investigated the performance of eighty-eight (88) sampled stocks, which were screened with the modern Price Earnings Growth (PEG) ratio into the Growth and the Value Portfolios. This is to ascertain whether the Value Portfolio outperformed the Growth Portfolio in terms of returns. From the researches in the developed and emerging stock markets, the momentum supports that the Value Portfolio outscored the Growth Portfolio in terms of returns. The paper explored pooled data from the Factbooks of the Nigerian Stock Market and the Annual Reports across different industries from 1990 to 2016. Descriptive methods and Arellano and Generalized Methods of Moment (GMM) xtabond2 were adopted to address the outliers, reverse causality and other related consequences of panel data. Similar to the findings from the developed and emerging stock markets, the study recognized that the Value Portfolio over-performed the Growth Portfolio in terms of returns in the NSE. Therefore, it is recommended that rational investors should show more preferences to invest in low-priced Value Stocks to earn higher returns than the high-priced Growth Stocks, which generated lower returns in the NSE.

scholarly journals Share Valuation Methods And Data Source-Based Accounting In An Emerging Stock Market: The Case Of The Kuwaiti Stock Market

2012 ◽  
Vol 11 (7) ◽  
pp. 713
Author(s):  
Hesham. I. Almujamed ◽  
Suzanne G. M. Fifield ◽  
David .M. Power
Keyword(s):  
Risk Analysis ◽  
Stock Market ◽  
Stock Markets ◽  
Questionnaire Survey ◽  
Stock Exchange ◽  
Sources Of Information ◽  
Valuation Methods ◽  
Emerging Stock Markets ◽  
Kuwait Stock Exchange ◽  
Data Source

This paper uses a questionnaire survey to investigate share valuation methods and the sources of information employed by Kuwaiti investors; it compares the appraisal techniques and the sources of information employed by Kuwaiti investors to those used in other developed and emerging stock markets. The findings suggest that Kuwaiti investors behave like their counterparts in other stock markets; fundamental analysis is the main appraisal technique used by investors; technical analysis and risk analysis are ranked second and third, respectively. However, the usage of technical and risk analysis is much higher in Kuwait. Further, quarterly and annual corporate reports as well as newspapers, the Kuwait Stock Exchange (KSE) website, and charts are commonly studied by investors when valuing Kuwaiti shares. By contrast, communication with company management is not common since executives are usually unwilling to discuss their firm's performance with investors.

Sign in / Sign up

Export Citation Format

Share Document