The last few years of the twentieth century witnessed significant
developments in information and communication technology taking the
form of an e-revolution that is transforming the global economy
from a low-productive, manufacture-based old one to a
knowledge-based, highly-productive, new economy with significant
growth potential coming from irreversible advancement in knowledge.
With e-revolution, the new-economy sector is adding significant
values to Indian stock market. This book inquires whether the
underlying economic fundamentals could justify the stock market
valuations of the sector. Moreover, it explores whether new-economy
stock price movements show similar patterns irrespective of the
level of financial development and the factors explaining such
movements. It finds new-economy stocks to have bubble-determined
prices and to possess a special character holding across countries.
With functional instability embedded in the stock market, this is
perhaps the initiation of a new era of changed stock price behavior
at least for the new-economy stocks that the standard pricing
models cannot explain. This analysis would be of interest to
researchers and academicians.
General
Imprint: |
VDM Verlag Dr. Mueller E.K.
|
Country of origin: |
Germany |
Release date: |
July 2008 |
First published: |
July 2008 |
Authors: |
Gagari Chakrabarti
|
Dimensions: |
229 x 152 x 9mm (L x W x T) |
Format: |
Paperback - Trade
|
Pages: |
164 |
ISBN-13: |
978-3-639-05269-5 |
Categories: |
Books >
Business & Economics >
Business & management >
General
|
LSN: |
3-639-05269-2 |
Barcode: |
9783639052695 |
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