Topic
Market capitalization
About: Market capitalization is a research topic. Over the lifetime, 3583 publications have been published within this topic receiving 77288 citations. The topic is also known as: market cap & market value.
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TL;DR: Wang et al. as discussed by the authors employed partial correlation analysis to study the market impact on the Chinese stock market from both the native and external markets, and observed that the native market index is observed to have a great impact on market correlations for both the Shanghai and Shenzhen stock markets, some external stock indices of the United States, European and Asian stock markets show a slight influence on Chinese market.
Abstract: Partial correlation analysis is employed to study the market impact on the Chinese stock market from both the native and external markets. Whereas the native market index is observed to have a great impact on the market correlations for both the Shanghai and Shenzhen stock markets, some external stock indices of the United States, European and Asian stock markets show a slight influence on the Chinese market. The individual stock can be affected by different economic sectors, but the dominant influence is from the sector the stock itself belongs to or closely related to, and the finance and insurance sector shows a weaker correlation with other economic sectors. Moreover, the market structure similarity exhibits a negative correlation with the price return in most time, and the structure similarity decays with the time interval.
14 citations
TL;DR: In this paper, the predictive power of the evolutionary benchmark valuation for the relative market capitalization and its dynamics in the sample of firms listed in the Dow Jones Industrial Average index in 1981-2009 was analyzed.
Abstract: As early as 1934 Graham and Dodd conjectured that excess returns from value investment originate from a tendency of stock prices to converge towards a fundamental value. This paper confirms their insights within the evolutionary finance model of Evstigneev, Hens and Schenk-Hoppe (Economic Theory, 27, 449-468, 2006). Our empirical results show the predictive power of the evolutionary benchmark valuation for the relative market capitalization and its dynamics in the sample of firms listed in the Dow Jones Industrial Average index in 1981-2009.
14 citations
TL;DR: In this paper, the authors analyzed determinants of stock market development in thirty advanced and emerging countries within the period between 1960 and pre-financial global meltdown (2007) and found that foreign direct investment, remittances and bank credits had significant positive effects on market development measured by market capitalization.
Abstract: The paper analyses determinants of stock market development in thirty advanced and emerging countries within the period between 1960 and pre-financial global meltdown (2007). Our explanatory variables are foreign direct investment (FDI), remittances and bank credits to private sector. The application of SUR estimation disclosed that all variables had significant positive effects on market development measured by market capitalization. The obtained results unfolded the necessity for the countries to develop policies and regulations on facilitating FDI, remittances and bank credits.
14 citations
TL;DR: This article examined the returns to a portfolio of 12 publicly held firms that were featured in the July/August 1997 edition of Mother Jones as the "20 Better Places to Work" (the remaining eight are privately held).
14 citations
TL;DR: Wang et al. as discussed by the authors provided a systematic analysis of the development of the Chinese stock market in the first 10 years, based on observations at the market as well as academic research findings that he conducted with his colleagues.
Abstract: The purpose of this paper is to provide a systematic analysis of the development of the Chinese stock market in the first 10 years. It can be a lesson to both researchers and investors on China's stock market. In this paper, the author first shares his own experience from involvement in policy making and regulation inspections in developing China's stock market. Then, based on observations at the market as well as academic research findings that he conducted with his colleagues, the author discusses eight major problems that should be addressed in order to build a mature stock market in China to support the sustainable development of China's economy.
14 citations