Vertical integration has received much attention in the last 25 years and there are wellknown theories that explain this behavior. However, the one common thread that runs through virtually all of this research is the assumption of private property rights. Very little attention has been paid to how firms behave when the property rights structure under which they operate changes. The commercial ...

Abstract In this paper, we provide an in-depth analysis of the herding nature in cryptocurrency market. We use first 200 crypto coins data ranked based on market capitalization January 1, 2020, to show analysis. illustrate investors' and intensity different terms (by using daily, weekly, monthly frequency data) various states (high vs. low EPU high VIX states). also demonstrate magnitude effect...

Central and Eastern Europe countries are in the political and economic transitional process of merging with the European Union. How has foreign investment already transformed these countries’ economic sectors and how will it affect the national economies in terms of capitalization across economic sectors in the near future? Our prime consideration is portfolio investment impact on the dynamics ...

The objective of this study is to explore the presence of a causal relationship between stock market development and economic growth. This study aims to explore this relationship in the nine Newly Industrialized Countries (NIC’s): Brazil, China, India, Malaysia, Mexico, Philippines, South Africa, Thailand and Turkey. 2005 nominal GDP values are used as a proxy for economic growth, and market ca...

The inability to predict the earnings of growth stocks, such as biotechnology and internet stocks, leads to the high volatility of share prices and di±culty in applying the traditional valuation methods. This paper attempts to demonstrate that the high volatility of share prices can nevertheless be used in building a model that leads to a particular size distribution, which can then be applied ...

The NIFTY 50 is the flagship index on National Stock Exchange of India Ltd. (NSE). Index tracks behavior a portfolio blue chip companies, largest and most liquid Indian securities. It includes approximately 1600 companies traded (listed & not listed but permitted to trade) NSE, captures 65% its float-adjusted market capitalization true reflection stock market. This study probed in correlati...

Publicly traded firms contribute less to total nonfarm employment and GDP now than in the 1970s. Major reasons for this development are decline of manufacturing, shift towards more production abroad growth service economy as providing services likely be listed on exchanges. A firm's stock market capitalization is much instructive about its earlier. Market capitalizations have not become systema...

The paper proposes a new method to estimate quality adjusted commercial property price indexes using real estate investment trust (REIT) data. The method is based on the present value approach, but the way in which current operating income and the capitalization rate are estimated differs from the traditional method. The traditional method uses a hedonic regression with appraisal information on...