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Equity Markets in India

Returns, Risk and Price Multiples

  • Shveta Singh
  • P.K. Jain
  • Surendra Singh Yadav

Part of the India Studies in Business and Economics book series (ISBE)

Table of contents

  1. Front Matter
    Pages i-xxvii
  2. Shveta Singh, P. K. Jain, Surendra Singh Yadav
    Pages 1-32
  3. Shveta Singh, P. K. Jain, Surendra Singh Yadav
    Pages 33-43
  4. Shveta Singh, P. K. Jain, Surendra Singh Yadav
    Pages 45-64
  5. Shveta Singh, P. K. Jain, Surendra Singh Yadav
    Pages 65-91
  6. Shveta Singh, P. K. Jain, Surendra Singh Yadav
    Pages 93-125
  7. Shveta Singh, P. K. Jain, Surendra Singh Yadav
    Pages 127-143
  8. Shveta Singh, P. K. Jain, Surendra Singh Yadav
    Pages 145-160
  9. Shveta Singh, P. K. Jain, Surendra Singh Yadav
    Pages 161-180
  10. Shveta Singh, P. K. Jain, Surendra Singh Yadav
    Pages 181-189

About this book

Introduction

The book presents a comprehensive view of the Indian equity markets over the past two decades (1994-2014). Equity markets constitute the most important segment of stock exchanges; in fact, the status of equity returns is, by and large, considered as a barometer of the state of a country’s economy. Returns earned by the equity investors on their funds invested in equity markets have become a decisive factor in the growth of such markets. In this context, the book discusses all the major aspects of equity returns and also conducts a dis-aggregative analysis based on underlying factors like age, size, ownership structure, industry affiliation/sector, among others, to explain the factors affecting returns and risk. While on the one hand the study ascertains the market rates of return (earned) on equities from the investors’ perspective (by including both the capital gains and the dividend income), it also shows how to compute the rates of returns on equities from the corporate perspective (that is, rate of return earned on equity funds). It further assesses the required/expected rate of return and examines the volatility in stock returns, with a focus on its behaviour during the period of the study. It deepens investors’ understanding of equity investment, helping them to make more-informed investments. While of interest to the investor community, this book also contributes significantly to the existing literature on market returns and is a valuable reference resource for academics, researchers and market participants, financial institutions and other intermediaries, regulators and policy makers.

Keywords

Equity Returns Volatility Indian Equity Market Market Efficiency Expected Returns Risk and Return

Authors and affiliations

  • Shveta Singh
    • 1
  • P.K. Jain
    • 2
  • Surendra Singh Yadav
    • 3
  1. 1.Department of Management StudiesIndian Institute of TechnologyNew DelhiIndia
  2. 2.Dept of Mgt Studies, IV FloorIndian Inst of Tech DelhiNew DelhiIndia
  3. 3.Department of Management StudiesIndian Institute of Technology DelhiNew DelhiIndia

Bibliographic information

  • DOI https://doi.org/10.1007/978-981-10-0868-9
  • Copyright Information Springer Science+Business Media Singapore 2016
  • Publisher Name Springer, Singapore
  • eBook Packages Economics and Finance
  • Print ISBN 978-981-10-0867-2
  • Online ISBN 978-981-10-0868-9
  • Series Print ISSN 2198-0012
  • Series Online ISSN 2198-0020
  • Buy this book on publisher's site