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Real Sector Financial Sector Interdependence in Indian Context: An Investigation in terms of Performance of the Emerging New Economy Sector



Год выпуска: 2008
Автор: Gagari Chakrabarti
Издательство:
Страниц: 164
ISBN: 3639052692
Описание
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...


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Ирина, 02.11
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