scholarly journals EVIDENCE THAT THE COMMON STOCK MARKET ADJUSTS FULLY FOR EXPECTED INFLATION

1979 ◽  
Vol 2 (2) ◽  
pp. 97-109 ◽  
Author(s):  
James S. Ang ◽  
Jess H. Chua ◽  
Anand S. Desai
1806 ◽  
Vol 96 ◽  
pp. 239-266

A fore-knowledge of the wind and weather is an object so very interesting to all classes of men, and the changes in the mercurial barometer affording the means which appear most conducive to it, a system that should with certainty explain the connection between the variations of the mercury and those in the atmosphere under all circumstances, becomes greatly desirable; to seamen, more especially, whose safety and success depend so much upon being duly prepared for changes of wind, and the approaching storm, it would be an acquisition of the first importance: in a more extended view, I may say, that the patriot and the philanthropist must join with the philosopher and the mariner in desiring its comple­tion. So long and widely-extended a course of observation, however, seems requisite to form even a basis for it, that a complete system is rather the object of anxious hope than of reasonable expectation. Much has been done towards it, but so much appears to remain, that any addition to the common stock, however small, or though devoid of philosophical accuracy, I have thought would be received by the learned with candour. With this prepossession, I venture to submit to them some observations upon the movement and state of the mercury upon the coasts of New Holland and New South Wales, the Terra Australis, or Australia, of the earlier charts.


2018 ◽  
Vol 45 (11) ◽  
pp. 1550-1566
Author(s):  
Dharani Munusamy

Purpose The purpose of this paper is to examine the behavior of the stock market returns in the different days of the week and different months of the year in accordance with the Islamic calendar. Further, the study estimates the risk-adjusted returns to test the performance of the indices during the Ramadan and non-Ramadan days. Finally, the study investigates the impact of Ramadan on the returns and the volatility of the stock market indices in India. Design/methodology/approach Initially, the study applies the Ordinary Least Square method to test the day-of-the-week and the month-of-the-year effect of the common and Shariah indices. Next, the study employs the risk-adjusted measurement to examine the underperformance and over-performance of the indices for both the periods. Finally, the study estimates the GARCH (1,1) and GJR-GARCH (1,1) models to observe the impact of Ramadan on the returns and the volatility of the Shariah indices in India. Findings The study finds that an average return of the indices during the Ramadan days are higher than non-Ramadan days. Further, the average returns of the Shariah indices are significantly higher on Wednesday than other days of the week. In addition, the highest and significant mean returns and mean risk-adjusted returns of the indices during the Ramadan days are observed. Finally, the study finds an evidence of the Ramadan effect on the returns and volatility of the indices in India. Originality/value The study observes evidence that the Ramadan effect influences the Shariah indices, but not the common indices in the stock market of the non-Muslim countries. It indicates that the Ramadan creates the positive mood and emotions in the investors buying and selling activities. The study suggests that investors can buy the shares before Ramadan period and sell them during the Ramadan days to get an abnormal return in the emerging markets.


2016 ◽  
Vol 4 (2) ◽  
pp. 243-249
Author(s):  
Ravi Kumar ◽  
Rohini Sajjan

Investment mistakes happen for a multitude of reasons, including the fact that decisions made under conditions of uncertainty that are irresponsibly downplayed by market gurus and institutional spokespersons.  Losing money on an investment may not be the result of a mistake, and not all mistakes result in monetary losses. But errors occur when judgment is unduly influenced by emotions, when the basic principles of investing are misunderstood, and when misconceptions exist about how securities react to varying economic, political, and hysterical circumstances. Proper planning and using of techniques, strategies can come as rescue to the investor and help in reaping profits and avoiding the blunders that are commonly observed. The paper investigates the basis for investment patter by the investor, their techniques and strategies adopted and guidelines to be followed to avoid the common blunders made by them leading to fewer losses they would face otherwise.


Author(s):  
Walid Abouzeid ◽  
Sharihan Mohamed Aly

This study attempts to investigate the impact of human capital on the common stock's return. The population of the study is Egyptian companies listed at the Egyptian exchange (EGX) due to 2014-2018. The statistical results indicate that there is a general tendency to change common stock's hold return to the corporation's human capital, and it is significant at 0.01 levels. In other terms, it can be stated that the corporation's human capital has a significant impact on common stock's hold return in the Egyptian corporation, and according to Adjusted R-squared the corporation's human capital explain a 57.8% from the change common stock's hold return.so; led to the impact of human capital on creating value of common stock. This can be traced back to investing in "the development and researches" on the other hand besides training, therefore medicine and technology companies get affected through these fields of development researches areas; however companies in industrial and banking sector get impacted by training field.


1983 ◽  
Vol 38 (2) ◽  
pp. 489-504 ◽  
Author(s):  
TRUMAN A. CLARK ◽  
MARK I. WEINSTEIN
Keyword(s):  

Sign in / Sign up

Export Citation Format

Share Document