Abnormal Profit Opportunity in Indian Capital Market Revisited (Record no. 30454)

MARC details
000 -LEADER
fixed length control field 01612pab a2200205 454500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 140923b0 xxu||||| |||| 00| 0 eng d
040 ## - CATALOGING SOURCE
Transcribing agency Welingkar Institute of Management Development & Research, Mumbai
Original cataloging agency Welingkar Institute of Management Development & Research, Mumbai
041 ## - LANGUAGE CODE
Language code of text/sound track or separate title ENG
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number
Item number Kak
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Kakati M
245 ## - TITLE STATEMENT
Title Abnormal Profit Opportunity in Indian Capital Market Revisited
250 ## - EDITION STATEMENT
Edition statement 5
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc.
Name of publisher, distributor, etc. May 2009
Date of publication, distribution, etc. 0
300 ## - PHYSICAL DESCRIPTION
Extent 49-61 Pp.
490 ## - SERIES STATEMENT
Volume/sequential designation 15
520 ## - SUMMARY, ETC.
Summary, etc. This paper investigates residual risk and return and the potential for value maximization in the Indian capital market, considering 401 Indian stocks. The study uses the concept of information ratio, which measures residual return per unit of residual risk, and also the value maximization model, which optimizes residual risk-return, considering the different levels of risk-taking capability of the investor. The study finds that the residual return is high in the Indian capital market, but it is accompanied by a much higher residual risk and, therefore, the market provides little scope for earning abnormal return (i.e., return adjusted for market and residual risks). As such, value maximization opportunity is limited. The study further concludes that only those investors who have superior stock selection ability and are aggressive should opt for the active management strategy, while for others, the index fund (passive management) seems a better strategy.<br/><br/>
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Indian Capital Market
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="http://192.168.6.13/libsuite/mm_files/Articles/AR10629.pdf">http://192.168.6.13/libsuite/mm_files/Articles/AR10629.pdf</a>
906 ## - LOCAL DATA ELEMENT F, LDF (RLIN)
a 31914
Holdings
Withdrawn status Lost status Damaged status Not for loan Home library Current library Date acquired Cost, normal purchase price Total Checkouts Full call number Barcode Date last seen Cost, replacement price Price effective from Koha item type
        Main Library Main Library 16/05/2009 0.00   Kak AR10629 23/09/2014 0.00 23/09/2014 Articles

Powered by Koha