Capital Markets and Investment Decision Making

1. Front Matter

   Pages i-xviii

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2. Capital Markets Operation

   1. Front Matter

      Pages 1-1

      PDF

   2. Understanding the Behaviour of Stock Market

      • Raj S. Dhankar, Devesh Kumar

      Pages 3-12

   3. Clearance and Settlement Process

      • Raj S. Dhankar

      Pages 13-32

   4. Stock Market Operations and Long-Run Reversal Effect

      • Raj S. Dhankar

      Pages 33-54

   5. Stock Markets’ Conditions and Investment Decisions

      • Raj S. Dhankar

      Pages 55-82

   6. Stock Markets Overreaction

      • Raj S. Dhankar, Supriya Maheshwari

      Pages 83-107

3. Global Markets and Investment Decisions

   1. Front Matter

      Pages 109-109

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   2. Calendar Anomalies in Stock Markets

      • Raj S. Dhankar

      Pages 111-121

   3. Stock Market Return Volatility

      • Raj S. Dhankar

      Pages 123-133

   4. Stock Markets’ Instability, Integration and Volatility

      • Raj S. Dhankar

      Pages 135-153

   5. Indian and American Stock Markets’ Volatility

      • Raj S. Dhankar

      Pages 155-167

   6. Dependences in Stock Markets of South Asia

      • Raj S. Dhankar

      Pages 169-184

4. Capital Structure, Value of Firm and Investment Strategy

   1. Front Matter

      Pages 185-185

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   2. Cost of Capital, Capital Structure, Dividend Policy and Value of Firm

      • Raj S. Dhankar

      Pages 187-196

   3. Optimal Capital Structure and Investment Decisions

      • Raj S. Dhankar

      Pages 197-210

   4. Investor Sentiment and Returns

      • Raj S. Dhankar

      Pages 211-225

   5. Momentum and Contrarian Strategy

      • Raj S. Dhankar

      Pages 227-243

   6. Private Equity Investment

      • Raj S. Dhankar

      Pages 245-259

5. Emerging Issues in Finance

   1. Front Matter

      Pages 261-261

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This book discusses capital markets and investment decision-making, focusing on the globalisation of the world economy. It presents empirically tested results from Indian and Southwest Asian stock markets and offers valuable insights into the working of Indian capital markets. The book is divided into four parts: the first part examines capital-market operations, particularly clearance and settlement processes, and stock market operations. The second part then addresses the functioning of global markets and investment decisions; more specifically it explores calendar anomalies, dependencies, overreaction effect, causality effect and stock returns volatility in South Asia, U.S. and global stock markets as a whole. Part three covers issues relating to capital structure, values of firm and investment strategies. Lastly, part four discusses emerging issues in finance like behavioral finance, Islamic finance, and international financial reporting standards.

The book fillsthe gap in the existing finance literature and helps fund managers and individual investors make more accurate investment decisions.

• Arbitrage pricing Model (APT)
• Bourses
• Capital Asset Pricing Model (CAPM)
• Diversification
• Volatility
• investments and securities

• Faculty of Management Studies (FMS), University of Delhi, New Delhi, India

  Raj S. Dhankar

Professor Raj S. Dhankar, a thought leader and institution builder, is currently the Chief Executive Officer (CEO ) Higher Education, Apeejay Education Society, New Delhi. He is also a Professor of Finance and former Dean of Faculty of Management Studies (FMS), University of Delhi, India. Earlier, he has held administrative positions like the Vice-Chancellor, Amity University, Raipur; Vice-Chancellor, Ansal University, Gurgaon; Vice-Chancellor, Maharshi Dayanand University, Rohtak, Haryana; and Director, Centre for Canadian Studies, University of Delhi in the past. He holds a PhD (1983) and Post-Doctoral Studies (PDS) (1987) in the area of finance. Dr. Dhankar is actively involved in teaching, research, training and consultancy in the field of finance since 1977. He had been the recipient of Commonwealth Scholarship for PhD program in UK and Post-Doctoral Studies (PDS) Scholarship for USA by Government of India. Dr. Dhankar earned his PDS in Finance from John Anderson Graduate School of Management, University of California, Los Angeles, USA in 1987, and has taught in various international universities including University of California, Los Angeles (UCLA), University of Southern California (USC), USA and Lakehead University, Canada. He has completed several major research projects with financial assistance from national and international agencies. He has four books to his credit, and has published over one hundred critical research papers in the area of finance in major national and international journals. Dr. Dhankar is on the Governing Bodies/Councils of various educational institutions, and Director & Trustee on the Boards of several public and private sector organizations. He is a member of various committees in the Central and State Governments. He is a widely travelled person and has worked with colleagues from USA, UK, Canada, Japan and Taiwan on various research projects. He has been honored with several awards including Best Vice-Chancellor of the year in 2016 and “Haryana Ratan” in recognition of his contribution to the welfare of society and institution building.

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