Global Stock Market Development Quantitative and Behavioural Analysis Banking, Money and International Finance Series
Auteur : Kalinowski Marcin
In the current era of globalised financial markets, the stock market cannot be assessed solely by comparing quantitative features such as the number of listed companies or capitalisation on the stock exchange. This is of secondary importance from an investor's point of view. What is important, however, is how a given stock market behaves towards the environment ? whether it is ?hyperactive? or ?excessively lethargic? in response to information.
This book provides an innovative tool for assessing global stock markets. It describes the complex concept of ?stock market development? in light of classical and behavioural finance theories and considers both quantitative (the number of listed companies, turnover, etc.) and behavioural aspects (price volatility, the behaviour of fundamental indicators of listed companies). Based on an innovative method for assessing development, the author analyses 130 stock markets, indicating those that are more developed in terms of quantity and behaviour. Ultimately, this enables the assessment of which markets are more or less developed and why. This knowledge, used properly, offers an advantage over other financial market participants, and allows for the comprehensive assessment of individual stock markets, which can support the process of making good investment decisions.
The book is an invaluable resource for research fellows and students in economics, particularly the field of finance. It is also addressed to business and stock market practitioners, such as financial market analysts, brokers and investment advisers.
Introduction 1. Financial Market – Classical and Modern Theory 2. Stock Market Development Evaluation 3. Complex Stock Market Development Measure 4. Global Stock Market Development in 1997 – 2019 Conclusion
Marcin Kalinowski is a Professor of Finance at WSB University in Gdansk, Poland; President of the WSB-DSW Research Federation; a Lecturer at Kozminski University in Warsaw; and a former Lecturer at Helsinki School of Business in Finland. His scientific interests are financial markets, financial investment, behavioural aspects of investment and financial risk management. He has many years of experience in international companies (including German, Finnish and Polish ones) and has participated in numerous development and investment projects.
Date de parution : 05-2023
15.6x23.4 cm
Date de parution : 09-2021
15.6x23.4 cm
Thèmes de Global Stock Market Development :
Mots-clés :
Stock Market Development; Global Stock Market Development; Informational Efficiency; Expert Literature; Global Stock Market; Stock Market; globalised financial markets; Financial Market Development; listed companies; Stock Market Size; capitalisation on the stock exchange; Market Development; stock exchange; Turnover Ratio; hyperactive stock market behaviour; Transactional Costs; lethargic stock market behaviour; American Stock Exchanges; stock market behaviour; Classical Finance Theory; USD Bn; behavioural finance theory; Relevant Time Period; Dividend Ratio; price volatility; Shanghai Stock Exchange; stock market analysis; Median Absolute Deviation; investment advisers; Apt Model; Semi-strong Form; Strong Form Efficiency; Analysed Time Period; Neoclassical Finance Theory; Dispersion Ratio; Stock Market Liquidity; Capital Market Development