What Drives the Stock Market Return in India? An Exploration with Dynamic Factor Model (Record no. 50206)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01882nam a2200229 4500 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20180724184447.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 180724b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Mukherjee, Paramita |
| 9 (RLIN) | 32115 |
| 245 ## - TITLE STATEMENT | |
| Title | What Drives the Stock Market Return in India? An Exploration with Dynamic Factor Model |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 119-145 p. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | In this article, we examine the role of the institutional investors, both domestic and foreign, in driving the return on the Indian equity market in the last decade. An attempt is made to identify the influence of other possible determinants, more specifically domestic and international financial variables, on the market returns as well. Whether there is a change in the relationship is also studied. The results uncover some interesting facts. First, there is evidence of institutional investors driving the market return after 2008, though it did not have any impact before 2008. Second, the return is significantly led by the movement of interest rates within and outside the country for the entire decade. Third, most of the major and emerging stock markets and the US market also have significant influence on Indian equity market return. Fourth, gold return used to affect the equity market return in pre-2008 years, but it ceased to do so after 2008. The results show that the determinants of the Indian equity market return have changed after the recent economic crisis of 2008. |
| 653 ## - INDEX TERM--UNCONTROLLED | |
| Uncontrolled term | Institutional investors, |
| Uncontrolled term | mutual funds |
| Uncontrolled term | international investors |
| Uncontrolled term | dynamic factor model |
| Uncontrolled term | Indian equity market, |
| Uncontrolled term | structural break |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Roy, Malabika |
| 9 (RLIN) | 32116 |
| 773 0# - HOST ITEM ENTRY | |
| Host Biblionumber | 49827 |
| Host Itemnumber | 59049 |
| Main entry heading | Gangopadhyay, Subhashia |
| Place, publisher, and date of publication | New Delhi Sage Publication India Pvt. Ltd. |
| Other item identifier | 5555745 |
| Title | Journal of Emerging Market Finance- Vol 15 |
| International Standard Serial Number | 0972-6527 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Koha item type | Journal Article |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Home library | Current library | Date acquired | Total Checkouts | Full call number | Barcode | Date last seen | Price effective from |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dewey Decimal Classification | Main Library | Main Library | 24/07/2018 | Vol 15, No 1/ 5555745JA4 | 5555745JA4 | 24/07/2018 | 24/07/2018 |