bibliography - shodhgangashodhganga.inflibnet.ac.in/.../10603/25768/20/20_bibliography.pdf ·...
TRANSCRIPT
253
BIBLIOGRAPHY
BOOKS
Acharya, Shanta (1998), Investing in India, McMillan Business, London.
Auerbach, Robert D(1983), Financial Markets and Institutions, McMillan
Publishing Company, Inc, New York.
Avadhani, V A(1997), Capital Market Management, Himalaya Publishing
House, Mumbai.
Babu, G Ramesh (2006), Financial Markets and Institutions, Concept Publishing
Company, New Delhi.
-----------------------(2006), Financial Services in India, Concept Publishing
Company, New Delhi.
Bhalla, V.K (2008), Investment Management, S. Chand and Company Ltd,
New Delhi.
Bhatia, B (1976), New Issue Market of India, Vora & Co.Publishers Pvt. Ltd,
Bombay.
Bhole, L M (2004), Financial Institutions and Markets, Tata McGraw Hill,
New Delhi.
Bicksler, James L (1977), Capital Market Equilibrium and Efficiency, Lexington
Books, USA.
Black, Fischer., Jenson, Michael C, and Scholes, Myron (1972), The CAPM:
Some Empirical Tests in MC Jenson, ed, Studies in the Theory of
Capital Markets, New York, Praeger.
Brigham, Eugene F and Michael C. Ehrhardt (2007), Financial Management-
Theory and Practice, Thomson South-Western, India edition.
254
Chakrabarti, Rajesh (2006), The Financial Sector in India-Emerging Issues,
Oxford University Press, New Delhi.
Chandra, Prasanna (1977), Valuation of Equity Shares in India, Sultan Chand &
Co, New Delhi.
-----------------------(2004), Investment Analysis and Portfolio Management, Tata
McGraw Hill, New Delhi.
Chittedi, Krishna Reddy (2010), Development and Integration of Global Stock
Markets-with special reference to India, VDM.Verlag
Dr.Muller, USA.
Cottle, Sidney, Murray Roger F, Block Frank E (1988), Graham and Dodd’s
Security Analysis, McGraw-Hill International, 5th edition,
New York.
Crowell A, Richard (1972), Stock Market Strategy, McGraw Hill Book Co,
New York.
Dash, A.P(2008), Security Analysis and Portfolio Management, I.K International
Publishing House Pvt.ltd, New Delhi.
Dyckman, T and Morse D (1986), Efficient Capital Markets: A Critical Analysis,
2nd Edition, Prentice-Hall- Englewood Cliffs, New Jersey.
Elton, Edwin J and Gruber Martin J.(1994), Modern Portfolio Theory and
Investment Analysis, 4th ed, John Wiley & Sons, Inc, Singapore.
Fabozzi, Frank J, Modigliani Franco and Jones, Frank J.(2007), Capital Markets-
Institutions and Instruments, Prentice-Hall India Pvt. Ltd, 3rd
ed., New Delhi.
Fischer, Donald E. and Jordan, Ronald J (1994), Security Analysis and Portfolio
Management, Prentice-Hall India Pvt. Ltd, 4th ed., New Delhi.
255
Foster, George (1986), Financial Statement Analysis, Prentice-Hall, 2nd ed,
Englewood Cliffs, New Jersey.
Francis, Jack Clark(1988), Management of Investments, McGraw-Hill International
ed., New York.
Francis, J C. and Archer (1979), Portfolio Analysis, Prentice Hall Inc, Englewood
Cliff, New Jersey.
Frederick, Amling (1984), Investment-An Introduction to Analysis and
Management, Prentice Hall Inc, Englewood Cliff, New Jersey.
Gitman and Joehnk(1988), Fundamentals of Investing, Harper Row Publishers,
3rd ed., New York.
Gomez, Clifford(2008), Financial Markets, Institutions and Financial Services,
Prentice Hall of India, Pvt.ltd, New Delhi.
Gopalasamy, N (2005), Capital Market-The Indian Financial Scene, McMillan
India ltd, Delhi.
Gordon, M E and E. Natarajan(2000), Financial Markets and Services, Himalaya
Publishing House, Mumbai.
Gujral, Ashwani (2008), How to Make Money Trading Derivatives-An Insider’s
Guide, Vision Books, New Delhi.
Gupta, L C (1981), Rates of Return on Equities: The Indian Experience, Oxford
Publishing, New Delhi.
Gupta LC, Naveen Jain and Yash Kulshreshtha(1994), Share Owners Geographic
Distribution, Society for Capital Market Research and
Development, New Delhi.
Gupta, O P (1989), An Empirical Testing of Random Walk Hypothesis in India,
Anmol Publications, New Delhi.
256
-------------- (1985), Behaviour of Share Prices in India- A Test of Market
Efficiency, National Publishing House, New Delhi.
Gurusamy, S(2004), Financial Services and Markets, Thomson Learning,
Singapore.
Haugen, Robert (1995), The New Finance: The Case against Efficient Markets,
Prentice Hall: Englewood Cliffs, New Jersey.
Jain, Virendra (2001), Investors Beware, McMillan India ltd, New Delhi.
Jame R C Moyer, Guigan M C, William J. Kretlow(1987), Contemporary
Financial Management, West Publishing Company, 3rd ed.,
New York.
Kevin, S (2006), Portfolio Management, Prentice-Hall India Pvt. Ltd, New Delhi.
Khan, A M (2008), Testing Weak Form Market Efficiency: Firm Level Analysis
at the NSE, Excel Books, New Delhi.
Khan, M Y(2009), Indian Financial System, Tata McGraw-Hill Publishing
Company, 6th ed., New Delhi.
Khanna, SriRam (2004), Financial Markets in India and Protection of Investors,
New Century Publications, New Delhi.
Knight, F H (1921), Risk, Uncertainty and Profit, Houghton Mifflin Company
Publishers, Boston, New York.
Kohn, Meir(1996), Financial Institutions and Markets, Tata Mc Graw Hill,
New Delhi.
Koutsoyiannis, A (1979), Theory of Econometrics, The Macmillan Press Ltd, 2nd
ed., London.
Krishna Bal and Naita(1997), Security Market in India, Kanishka Publishers,
New Delhi.
257
Levy, H and Sarnat, M (1972), Investment and Portfolio Analysis, John Wiley &
Sons, New York.
Machiraju, H R(1995), Working of Stock Exchanges in India, Wiley Eastern,
New Delhi.
Madan, B K (1978), Report on a Study of the Debt-Equity Ratio Norms,
Management Development Institute, New Delhi.
Markowitz, Harry M (1991), Portfolio Selection, John Wiley& Sons, Inc, USA.
Mishra, R K and Mukherjee, K N (2007), Stock Market Integration and
Efficiency, Excel Books, New Delhi.
Mossin, Jan (1977), The Economic Efficiency of Financial Markets, Lexington
Books, USA.
Murphy, Joseph E. (1995), Stock Market Probability, Vision Books, New Delhi.
Nobrega, William and Sinha, Ashish (2008), Riding the Indian Tiger, John
Wiley& Sons, Inc, USA.
Obaidulla, M (1994), Indian Stock Market: Theories and Evidence, ICFAI,
Palaha, Hyderabad.
Pandian, Punithavathy (2001), Security Analysis and Portfolio Management,
Vikas Publishing House Pvt. Ltd, New Delhi.
Patterson, C S (1995), The Cost of Capital: Theory and Estimation, Greenwood
Publishing Group, USA.
Patterson, Pameela, Drake and Fabozzi, J. Frank (2010), The Basics of Finance:
An Introduction to Financial Markets, Business, John Wiley and
Sons, USA.
Ranganathan, M. and Madhumathi R (2006), Investment Analysis and Portfolio
Management, Dorling Kindersley(India) Pvt.Ltd, New Delhi.
258
Rao, N Krishna (1988), Stock Market Efficiency : The Indian Experience, Anmol
Publication, New Delhi.
Rao, K C (1996), Indian Capital Market: Signaling and Efficiency, APH
Publishing Co, New Delhi.
Rao, Ramesh K S (1989), Fundamentals of Financial Management, McMillan,
NewYork.
Sehgal, Sanjay (2005), Asset Pricing in Indian Stock Market, New Century
Publications, New Delhi.
Sha, Ajay., Thomas, Susan and Michael Gorham(2008),India’s Financial
Markets, Elsevier, UP(India)
Sharpe, William F (2007), Investors and Markets, Princeton University Press,
New Jersey.
Sharpe, William F, Gordon J. Alexander, Jeffery V. Bailey (1996), Investments,
Prentice-Hall India Pvt. Ltd, New Delhi.
Singh, Preeti (2000), Investment Management, Himalaya Publishing House,
Delhi.
Simha S L N, D Hemalatha and S Balakrishna (1979), Investment Management,
IFMR Publication, Madras.
Skriya, D(2000), SEBI and Securities Markets in India, Anmol Publications, New
Delhi.
Srivastava, R M (1986), Essentials of Business Finance, Himalaya Publishing
House, New Delhi.
Varshney, P N and D K, Mittal (2000), Indian Financial System, Sultan Chand
and Sons, New Delhi.
259
ARTICLES
Ahmed, Shahid (2008), “Aggregate Economic Variables and Stock Markets in
India”, International Research Journal of Finance and
Economics, Issue 14, Mar. pp 141-164.
Alshimmiri, Turki., Al-Dehani, Talla and Feridun, Mete(2009), “Impact of
Information Flow on Stock Returns and Short Term Volatility:
Empirical Evidence from Kuwait Stock Exchange”, Finance
India, Vol.23(3), Sept. pp 889-898.
Andor, Gyorgy., Ormos, Mihaly and Szabo, Balazs(1999), “Empirical Test of
CAPM in the Hungarian Capital Market”, Periodic Polytechnica,
SER.SOC.MAN.SCI, Vol.7(1), Sept. pp 47-61.
Ansari, Valeed(2000), “CAPM: Should We Stop Using It?”, Vikalpa, Vol.25(1),
Mar. pp 55-64.
Arditti, Fred D (1967), “Risk and Required Return on Equity”, The Journal of
Finance, Vol. 22(1), Mar. pp 19-36.
------------------- (1971), “Another Look at Mutual Fund Performance”, Journal of
Financial and Quantitative Analysis”, Vol. 6(3), June.
pp 909-912.
Awad, Ibrahim and Daraghma, Zahran(2009),“Testing the Weak Form Efficiency
of the Palestine Securities Market”, International Research
Journal of Finance and Economics, Issue 32, Oct. pp 7-17.
Baesel, Jerome. B (1974), “On the Assessment of Risk: Some Further
Considerations,” Journal of Finance, Vol. 29(5), Dec.
pp 1491-1494.
260
Bahadur G.C, Surya (2008), “Volatility Analysis of Nepalese Stock Market”, The
Journal of Nepalese Business Studies, Vol.5(1), Dec. pp 76-84.
Bajaj, K.K(2009), “Selecting the Right Stock is the Key to Successful Investing”,
Investors India, Vol.7(8), Aug. p 3.
Barr, Rosenberg and Rudd, Andrew(1982), “Factor-Related and Specific Returns
of Common Stocks: Serial Correlation and Market Inefficiency”,
Journal of Finance, Vol.37(2), May. p 551.
Barua, S.K(1981), “The short run price behavior of securities- some evidence of
efficiency on Indian Capital Market”, Vikalpa, Vol.6(2), Apr.
pp 93-100.
Basu, S(1977), “The Investment Performance of Common Stocks in Relation to
their Price Earnings Ratios: A Test of Efficient Market
Hypothesis”, Journal of Finance, Vol. 32(3), Jun. pp 663-681.
Beaver, W H., P, Kettler and M, Scholes (1970), “The Association Between
Market Determined and Accounting Determined Risk Measures,”
The Accounting Review, Vol.45(4), Oct. pp 654-682.
Bhandari, L C(1988), “ Debt-Equity Ratio and Expected Common Stock Returns:
Empirical Evidence”, Journal of Finance, Vol. 43(2), Jun.
pp 507-528.
Bhole, L M and Rao, Narayana K V S S (1990), “Inflation and Equity Returns”,
Economic and Political Weekly, Vol.25(21), May 26. pp 91-96.
Broca, Dilbagh Singh (2009), “The Probabilistic Structure of Indian Stock
Returns”, Prajnan, Vol.38(2), Jul-Sep. pp 71-80.
Chaudhary, S.K (1991), “Short Run Share Price Behavior: New Evidence on
Weak Form Market Efficiency”, Vikalpa, Vol.16(4), Oct-Dec.
pp 17-21.
261
Chawla, Deepak(2001), “Testing Stability of Beta in the Indian Stock Market”,
Decision, Vol.28(2), Jul-Dec. pp 1-15.
Choudhary, Kapil and Choudhary, Sakshi(2010),”Testing Capital Asset Pricing
Model: Empirical Evidences from Indian Equity Market”,
Eurasian Journal of Business and Economics, Vol. 3 (6),Nov.
pp 127-138.
Deep, Gagan and Deep, Man(2009), “Efficiency Hypothesis of Stock Markets: A
Case of Indian Securities”, International Journal of Business and
Management, Vol.4(3),Mar. pp136-144.
Evans, John L and Archer, Stephen H. (1968), “Diversification and the Reduction
of Dispersion: An Empirical Analysis”, The Journal of Finance,
Vol.23(5), Dec. pp 761-767.
Fabozzi, Frank J. and Francis, Jack Clark (1977), “Stability test for Alphas and
Betas over Bull and Bear Market condition”, The Journal of
Finance, Vol. 32(4), Sep. pp 1093-1099.
----------------------(1978), “Beta as a Random Coefficient”, The Journal of Financial
and Quantitative Analysis, Vol.13(1), Mar. pp 101-116.
Fama, Eugene F (1970), “Efficient Capital Markets: A Review of Theory and
Empirical Work”, Journal of Finance, Vol.25(2), May.
pp. 383-417.
Fama, Eugene F and French, K R (1992), “The Cross-Section of Expected Stock
Returns”, Journal of Finance, Vol. 47(2), Jun. pp 427-465.
------------------------(1996), “Multifactor Explanations of Asset Pricing
Anomalies”, Journal of Finance, Vol.51(1), Mar. p 75.
Fama, Eugene F and Macbeth, James D(1973), “Risk, Return and Equilibrium:
Empirical Tests”, Journal of Political Economy, Vol.81(3), May-
Jun. pp 607-636.
262
Francis, Jack Clark (1975), “Skweness and Investors Decisions”, Journal of
Financial and Quantitative Analysis, Vol.10(1), Mar.
pp 163-172.
Gay, Robert D (2008), “Effect of Macro Economic Variables on Stock Market
Returns for Four Emerging Economies: Brazil, Russia, India and
China”, International Business & Economic Research Journal,
Vol.7(3), Mar. pp 1-8.
Gerald D, Levitz(1974), “Market Risk and the Management of Institutional
Equity Portfolios”, Financial Analysts Journal, Vol.30(1),
Jan-Feb. pp 53-60.
Gompers, Paul A, Ishii, Joy L and Metrick, Andrew(2003), “Corporate
Governance and Equity Prices”, The Quarterly Journal of
Economics, Vol.118(1),Feb. pp 107-155.
Gondes (1973), “Evidence on the Information Content on Accounting Based
Numbers: Accounting Base and Market Base Estimate of
Systematic Risk”, Journal of Financial and Quantitative
Analysis, Vol.8(2), Jun. pp 407-443.
Gordon, Alexander J. and Norman, Chervany L (1980), “On the Estimation and
Stability of Beta”, Journal of Financial and Quantitative
Analysis, Vol.15(1), Mar. pp 123-137.
Greogoris, Michailidis., Stavros ou, Demetrios Papanastaton and Mariola, Eleni
(2006), “Testing of CAPM: The Case of the Emerging Greek
Securities Market”, International Research Journal of
Finance and Economics, Issue 4, Jul. pp 78-91.
Gupta, O P(1989), “Stock Market Efficiency and Random Character of Share
Price Behavior in India”, Asia Pacific Journal of Management,
Vol.7(2), Jan. pp 165-174.
263
Gupta, O P and Sehgal, Sanjay(1993), “An Empirical Testing of Capital Asset
Pricing Model in India”, Finance India, Vol.7(4), Dec. pp 863-874.
Gupta and Ramesh(1987), “Is the Indian Capital Market is Efficient or
Excessively Speculative”, Vikalpa, Vol.12(2), Apr-Jun. p 27.
Gupta, R and Basu, P K (2007), “Weak Form Efficiency in Indian Stock
Markets”, International Business & Economic Research Journal,
Vol.6(3), Mar. pp 57-64.
--------------------------(2008), “Portfolio optimization in the Indian stock market-
Industry sector analysis”, Delhi Business Review, Vol. 9 (1),
Jan-Jun. p 22.
Gurunathan, K Balanaga (2007), “An Investors Requirements in Indian Securities
Market”, Delhi Business Review, Vol.8 (1), Jan-Jun. pp 31-40.
Haddad, Mahmoud M (2007), “Intertemporal test of the Beta stationarity: The
case of Egypt”, Middle East Business and Economic Review,
Vol.19(1), Sep. pp 1-15.
Hagerman, Robert L (1978), “More Evidence on the Distribution of Security
Returns”, The Journal of Finance, Vol.33(4), Sep. pp 1213-1221.
Iqbal (2010), “Efficiency of Indian Stock Market: Study of Stock Price Responses
to Earnings Announcements of Selected Companies Listed on
BSE”, Finance India, Vol.24(4), Dec. pp 1383-1389.
Iqbal and Mallikarjunappa, T(2007), “Market Reaction to Earnings Information:
An Empirical Study”, AIMS International Journal of
Management, Vol.1(2), May. pp 153-167.
Islam, Sardar M.N., Watanapalachaikul, Sethapong and Clark, Colin(2007),
“Some Tests of the Efficiency of the Emerging Financial
Markets: An Analysis of the Thai Stock Market”, Journal of
Emerging Market Finance, Vol. 6(3), Sep-Dec. pp 291-302.
264
Jeevanand, E.S and Antony, Cyriac(2007), “The elasticity of the price of a stock
and its beta”, Journal of Applied Quantitative Methods, Vol.2
(3), Feb. pp 327-336.
Kanti Ray, Koustub (2010), “Stability of Beta over Market Phases : An Empirical
Study on Indian Stock Market”, International Research Journal
of Finance and Economics, Issue 50. p 175.
Khan, A.Q and Ikram, Sana(2010), “Testing Semi-Strong Form of Efficient
Market Hypothesis in Relation to the Impact of Foreign
Institutional Investors’ (FII’s) Investments on Indian Capital
Market”, International Journal of Trade, Economics and
Finance, Vol.1(4), Dec. pp 373-379.
Kohers, Gerald., Kohers Ninon and Kohers, Theodor(2006), “The Risk and
Return Characteristics of Developed and Emerging Stock
Markets: The Recent Evidence”, Applied Economics Letters,
Vol.13(11), Sep. pp737-743.
Koo, Simon G M. and Olson, Ashley(2007), “Capital Asset Pricing Model
Revisited: Empirical Studies on Beta Risks and Return”, Journal
of Political Economy, Vol.81(3), Mar. pp 607-636.
Kulkarni, S. N (1978), “Share Price Behavior in India: A Spectral Analysis of
Random Walk Hypothesis”, Sankhya, The Indian journal of
Statistics, Vol. 40, Series D, Part II. pp 135-162.
Kumar, Raj and Gupta, Hariom(2009), “ Volatility in the Indian Stock Market: A
Case of Individual Securities”, Journal of Academic Research in
Economics, Vol.1(1-3), Jun. pp 35-46.
Kwon, Shin C S, Bacon T. S and Frank, W(1997), “The effect of macro-
economic variables on stock market returns in developing
markets”, Multinational Business Review, Vol. 5(2), Fall.
pp 63-70.
265
Lazar, D (2009), “Testing of Weak-Form Efficiency in Indian Capital Market”,
Advances in Management, Vol.2(10), Oct. pp 15-20.
Lee, Cheng F (1976), “Investment Horizon and the Functional Form of the
CAPM”, Review of Economics and Statistics, Vol.58 (3), Aug.
pp 356-363.
Levy, Robert A. (1971), “On The Short-Term Stationarity of Beta Coefficients”,
Financial Analysts Journal, Vol.27(6), Dec. pp 55-62.
Madhusoodan, T P(1997), “Risk and Return: A New Look at the Indian Stock
Market”, Finance India, Vol.11 (2), Jun. pp 285-304.
Manickaraj, M and Loganathan, P(2004), “Relevance of Beta as a Measure of
Risk in India”, Finance India, Vol.18(3), Sep. pp 1259-1267.
Manjunatha, T., Mallikarjunappa T, Begun, Mistiary(2007), “CAPM: Beta and
Size Test”, AIMS International Journal of Management
Vol.1(1), Jan. pp 71-87.
Markowitz, Harry M (1952), “Portfolio Selection”, Journal of Finance,
Vol.7(1),Mar. p 79.
Martani, Dwi., Mulyono and Khairuvizka, Rahfiani (2009), “The Effect of
Financial Ratios, Firm Size, Cash Flows from Operating
Activities”, Interim Report to the Stock Return, Chinese
Business Review, Vol.8 (6), Jun. pp 44-55.
Masood, Khan., Ashraf, Shahid and Ahmed, Shahid(2007), “ Testing Weak Form
Efficiency”, Indian Economic Journal, Vol.55(2 Jul-Sep.
pp 162-175.
Masulis, R(1983), “Impact of capital structure changes on firm value: Some
estimates”, Journal of Finance, Vol.38 (1), Mar. pp 107-126.
266
Mishra, P.K(2009), “Indian Capital Market-Revisiting the Market Efficiency”,
Indian Journal of Capital Market, Vol. 2(5), Mar. pp 30-34.
Mishra, Sangeetha and Mishra Dheeraj(2007), “Analysis of Risk and Returns: A
Study of Indian Industrial Sectors”, International Journal of
Indian Culture and Business Management, Vol.1(1-2), Jan-Jun.
pp 28-47.
Mishra, P K., Das, K B and Pradhan, B B(2009), “Empirical Evidence on Indian
Stock Market Efficiency in the Context of Global Financial
Crisis”, Global Journal of Finance and Management, Vol.1 (2),
Dec. pp 149-157.
Mobarek, Asma and Keasey, Keavin(2008), “Weak Form Market Efficiency of
an Emerging Market: Evidence from Dhaka Stock Market of
Bangladesh”, Journal of Emerging Market Finance, Vol.7(1),
Jan. pp 17-41.
Modigliani, Franco and Pogue, Gerald A (1974), “An Introduction to Risk and
Return”, Financial Analysts Journal, Vol.30(2), Mar-Apr. p 68.
Mohamed A, Peer and Devi K, Abirami(2004), “Risk, Return Equilibrium in
Indian Capital Market Under CAPM”, SCMS Journal of Indian
Management, Vol.1(1), Apr-Jun. pp 1-11.
Mohamad, Shamsher and Nassir, Annuar M D.(1994), “The Stability and
Predictability of Betas: Evidence from the Kaula Lumpur Stock
Exchange”, Pertanika Journal of Social Science and Humanities,
Vol.2(1), Jan. pp 43-52.
Nerlov, Marc(1968), “Factors Affecting Difference among Rates of Return on
Investments in Individual Common Stocks”, Review of
Economics and Statistics, Vol.1(3), Aug. pp 312-331.
267
Nikolaos, Loukeris(2009), “An Empirical Evaluation of CAPM’s Validity in the
British Stock Exchange”, International Journal of Applied
Mathematics and Informatics, Vol.3(1), Jan-Feb. pp 1-8.
Obaidullah, M (1990), “Stock Market Efficiency: A Statistical Inquiry”,
Chartered Financial Analysis, Vol.46 (4), Jul-Aug.
--------------- (1992), “How do Stock Prices React to Bonus Issue?”, Vikalpa,
Vol.17(1), Jan. pp 17-22.
Ou, J and S, Penman(1989), “Accounting Measurement, Price Earnings Ratio and
the Information Content of Security Prices”, Journal of
Accounting Research, vol.27, Supplement. pp 111-152.
Pattanaik, Sitikantha(2007), “A Test of Efficient Market Hypothesis For The
Muscat Securities Market”, Prajnan, Vol.36(2), Jul-Sep.
pp 99-114.
Poshakwale, Sunil (1996), “Evidence on the Weak Form of Efficiency and the
Day of the Week Effect in the Indian Stock Market”, Finance
India, Vol.10(3), Sep. pp 605-616.
Puneet, Handa., Kothari S P and Wasley, Charles(1989), “The Relation Between
the Return interval and Betas: Implications for the Size Effect”,
The Journal of Financial Economics, Vol.23(1), Jun. pp 79-100.
Raj, Dhankar S and Rakesh Kumar(2006), “Risk-Return Relationship and Effect
of Diversification on Non-Market Risk: Application of Market
Index Model in Indian Stock Market”, Journal of Financial
Management and Analysis, Vol.19(2), Jul-Dec. pp 22-31.
Rao, K Chandra Sekhara and Jose, Sunny(1996), “Relative Influence of Market
Volatility, Economic Changes and Company Fundamentals on
Equity Returns in India: A Study”, Finance India, Vol.10(1),
Mar. pp 27-48.
268
Rao, N K and Mukherjee K (1971), “Random Walk Hypothesis: An Empirical
Study”, Arthaniti, Vol.14(1&2), Jan-Jul. pp 53-58.
Rattan, Sharma K (1989), “Factors Affecting Relative Prices of Equity shares: An
empirical Analysis”, The Chartered Accountant, Vol.38, Aug.
pp110-114.
Ray, D(1976), “ Analysis of Security Prices in India”, Sankhya, Vol.38, Series C,
Part 4. pp 149-164.
Ray, D. Pratap, Sahu R and Sharma, R(2009), “An Analysis of Stationarity of
Beta for IPOs Indian Capital Market”, Journal of Financial
Management and Analysis, Vol.17(3), Dec. pp 208-227.
Ray, Koustubh Kanti (2010), “Stability of Beta Over Market Phases: An
Empirical Study on Indian Stock Market”, International
Research Journal of Finance and Economics, Issue 50, Oct.
pp 174-188.
Roenfeldt, L, Rodeney, L. Gary, Pflaum and C .Christopher(1978), “Further
Evidence on the Stationarity of Beta Coefficients”, Journal of
Financial & Quantitative Analysis, Vol.13(1), Mar. pp 117-121.
Rosenberg, B(1985), “Prediction of Common Stock Betas”, The Journal of
Portfolio Management, Vol.11(2), Winter. p 5.
Sankar A, Prakash and Dhananjay, Sahu(2009), “Weak-Form Efficiency in
Indian Stock Market: An Empirical Investigation”, Advances in
Management, Vol.2(8), Aug. pp 23-28.
Sarma, Jonali and Sarmah, Pranita(2008), “Stability of Beta: An Empirical
Investigation into Indian Stock Market”, The ICFAI Journal of
Financial Risk Management, Vol.5(3), Sep. pp 7-19.
269
Schwartz, Robert A and Whitcomb, David K (1977), “The Time Variance
Relationship: Evidence on Autocorrelation in Common Stock
Returns”, Journal of Finance, Vol.32(1), Mar. p 50.
Sehgal, Sanjay(1994), “The Distribution of Stock Market Returns: Test of
Normality”, Indian Journal of Finance and Research, Vol.5(2),
Jul. pp 41-54.
Sehgal, Sanjay and Muneesh Kumar(2004), “Company Characteristics and
Common Stock Returns: The Indian Experience”, Investment
Management and Financial Innovations, Vol.4(1), Jul-Dec.
pp 89-99.
Sehgal, Sanjay and Tripati, Vanita(2005), “Size Effect in Indian Stock Market:
Some Empirical Evidence”, Journal of Business Perspective,
Vol.9(4), Dec. pp 27-42.
Shah, Ajay and Moonis, Syed Abuzar (2003), “Testing for Time Variation in
Beta in India”, Journal of Emerging Markets Finance, Vol.2(2),
May-Aug. pp 163-180.
Sharma, J L(1983), “Efficient Capital Market and Random Character of Stock
Price Behavior in a Developing Economy”, Indian Economic
Journal, Vol.31(2), Oct. pp 53-70.
Sharma, J.L and Robert, E. Kennedy (1977), “A Comparative Analysis of Stock
Price Behavior on the Bombay, London ad NYSE”, Journal of
Financial & Quantitative Analysis, Vol.12(3), Sep. pp 319-414.
Shijin,S., Arun Kumar, G and Bhattacharya, Sangamitra(2007),“The Relationship
Between Size, Value and Market Risk: Some Evidence”,
Investment Management and Financial Innovations, Vol.4(2),
Apr. pp 125-147.
270
Sinaee, Hasanali and Moradi, Habibolah (2010), “ Risk-Return Relationship in
Iran Stock Market”, International Research Journal of Finance
and Economics, Issue 41, Jul. pp 150-162.
Singh, M.K. & Sharma, Sonal (2011), “Global Recession: Opportunity and
Challenges”, Anusandhanika, Vol. 3 (1), Jan. p 15.
Singh, Rohini (2008), “Beta Estimation in the Indian Stock Market: Stability,
Stationarity and Computational Considerations”, Decision,
Vol.35(2), Jul-Dec. pp 63-86.
Singhania, Monica (2008), “Determinants of Equity Share Prices in Indian
Chemical Industry”, Indian Journal of Statistics, Vol.40, Series
D, Aug. pp135-162.
Singla, Harish Kumar (2008), “Empirical Test of CAPM: The Case of Indian
Stock Market”, The ICFAI Journal of Financial Economics,
Vol.6(2), Jun. pp 86-101.
Srinivasan, S(1988), “Testing of Capital Asset Pricing Model in Indian
Enviornment”, Decision, Vol.15(1), Mar. pp 51-59.
Srivastava, R M(1984), “Testing MM’s Dividend Valuation Model in Indian
Context-A case study of 327 Joint Stock Companies”,
Management Accountant, Vol.19(11), Nov. pp 641-642.
Theobald, Michael(1981), “Beta Stationarity and Estimation Period: Some
Analytical Results”, The Journal of Financial and Quantitative
Analysis, Vol.16(5), Dec. pp 747-757.
Tobin, J (1958), “Liquidity Preference as Behavior Towards Risk”, Review of
Economic Studies, Vol.25(2), Feb. pp 65-86.
Treynor, J (1965) “How to Rate Management of Investment Funds”, Harward
Business Review, Vol. 44(4), Jan.-Feb. pp 63-75.
271
Vaidhyanathan, R and Gali, Kanti Kumar (1994), “Efficiency of the Indian
Capital Market”, Indian Journal of Finance and Research,
Vol.5(2), Jul. pp 27-40.
Vanita, Tripathi(2009), “Company Fundamentals and Equity Returns in India”,
International Research Journal of Finance and Economics,
Issue29, Jul. pp187-226.
Verma, Ashutosh and Rao, Nageshwar (2007), “An Examination of Weak Form
Efficiency of BSE100 Index Companies”, The IUP Journal of
Financial Economics, Vol.5(4), Dec. pp 81-93.
Vij, Madhu and Tamimi, Mohammad(2010), “Trade-off between Risk and
Return”, Finance India, Vol.24(4), Dec. pp 1197-1210.
Vipul(1998), “Systematic Risk: Do Size, Industry and Liquidity Matter?”
Prajnan, Vol.27(2), Sep. pp 131-151.
Worthington, Andrew C and Higgs, Helen (2006), “Evaluating Financial
Developments in Emerging Capital Market with Efficiency
Benchmarks”, Journal of Economic Development, Vol.31(1),
Jun. pp 1-27.
XIA, He-ping, CAI, Xiang and Feng W U(2006), “Estimation of Beta Coefficient
and Analysis of its Stationarity”, Journal of Modern Accounting
and Auditing, Vol.2(10) Serial No.17, Oct. pp 23-27.
Yalawar, Yalaguresh B. (1988), “Bombay Stock Exchange: Rate of Returns and
Efficiency”, Indian Economic Journal, Vol.35(4), Jun.
pp 68-121.
Zahir, M A(1992), “Factors Affecting Equity Prices in India”, The Chartered
Accountant, Vol. 40(9), Mar. pp 743-748.
272
WORKING PAPERS
Amanulla, S and Kamaiah, B(1995),” Indian Stock Market: Price Integration and
Market Efficiency”. Institute for Social and Economic Change,
Bangalore. Working Paper No.50.
Banerjee, Ashok and Sarkar, Sahadeb(2006), “ Modeling daily volatility of the
Indian stock market using intra-day data”, Working Paper Series
No. 588, IIM, Calcutta, March. pp 1-32.
Canegrati, Emmanuel(2008), “Testing the CAPM: Evidence from Italian Equity
Market.” MPRA, Paper No.10407. Sep. pp 1-24.
Das, Sromon(2008), “Testing the Stability of Beta Over Market Phases: An
Empirical Study in the Indian Context”, Working Paper Series
No.1031389, International Management Institute, New Delhi. Apr.
pp1-24.
Hakan and Sevgi, Aydin(2009), “Interval Effects on the Estimation of Beta:
Evidence from Istanbul Stock Exchange”, Paper presented in
Annual American Business Research Conference, New York, Sept
28-29. pp 1-8.
Irala, Lokanadha Reddy (2007), “Stationarity and Regression Tendencies of
Security and Portfolio Betas”,Working Paper Series No.
2007/02/A, SSRN- id 964892, Feb. pp 1-8.
Lsa, Md, Hassain Abu, Chin-Hong Puah and Yong, kiu Ying(2009), “Risk and
Return nexus in Malaysian Stock Market: Empirical Evidence
from CAPM”, MPRA( Munich Personal RePEc Archive), Paper
No.12355. Jun. pp 1-8.
Mohanty, Pitabas (2001), “ Efficiency of the Market for Small Stocks”, Paper
presented to NSE. NSE News, Feb. pp 1-27.
273
Muradoglu, Gulnur and Sivaprasad, Sheeja(2008), “An Empirical Analysis of
Capital Structure and Abnormal Returns”, Paper Presented in Cass
Business School, 106 Bunhill Row, London, ECIY 8TZ, UK. pp
1-21.
Odabasi, Attila(2000), “Evidence on the Stationarity of Beta Coefficients: The
Case of Turkey”, Bogazici University, Bebek, Istanbul 80815,
Turkey, Research Draft, February. pp 1-17.
Oran, Adil and Soytas, Ugur(2008), “Stability in the Istanbul Stock Exchange:
Betas for Stocks and Portfolios”, Management and Administration
Research Center, Working Paper Series, No.2008-03, Middle East
Technical University, Ankara, U.S. pp 233-243.
Pant, Bhanu and Bishnoi, T R(2001), “Testing Random Walk Hypothesis for
Indian Stock Market Indices”, Paper presented in Capital Market
Conference,Dec.20-21st at Indian Institute of Capital Markets,
Bombay. pp 1-15.
Pandey, I M(2002), “Is there Seasonality in the Sensex Monthly Returns”, IIMA,
Working Paper. 2002-09-08. pp 1-19.
Rajalekshmi and Priyanka R. Gohil(2008), “Risk-Return Relationship and the
Effect of Diversification on Unsystematic Risk using Market
Index Model”, Institute of Business Management and Research,
Ahmedbad, Working Paper No.919. Oct.
Ben-Zion, Uri and Shalit, Sol S. (1975), “Size, Leverage and Dividend Record as
Determinants of Equity Risk”, Paper No. 75-53, Apr, Centre for
Economic Research, University of Minnesota. pp 1-25.
274
DISSERTATIONS
Dileep Kumar, M C (2002), “A Study on Capital Market Investment in Kerala:
With Special Reference to Investors Grievances and Redressal
Measures”, Ph.D Thesis, University of Kerala, Thiruvanathapuram.
Diwani, Mazen (2010), “Testing the CAPM in the Indian Market- A study that
investigates the validity of the CAPM in Bombay Stock Exchange
SENSEX30”, Ph.D Thesis, Lund University, Scandinavia,
February.
James, Joseph (2006), “CAPM under Indian Stock Market Conditions”, Ph.D
Thesis, University of Kerala, Thiruvanathapuram.
James, P M (2009), “An Evaluation of Asset Management Companies and their
Efficiency in Portfolio Management”, Ph.D Thesis, Mahatma
Gandhi University, Kottayam.
Joseph, Elsamma (2002), “Management of Risk Factors of Investing in
Corporate Securities”, Ph.D Thesis, Mahatma Gandhi
University, Kottayam.
Joseph, Sajo (2002), “An Evaluation of the Functioning of Stock Exchanges in
India: With Special Reference to Cochin Stock Exchange”, Ph.D
Thesis, University of Kerala, Thiruvanathapuram.
K T, Peter (2001), “Problems and Prospects of Stock Broking in Kerala”, Ph.D
Thesis, Mahatma Gandhi University, Kottayam.
K, Sindhu (2008), “Stock Market Behaviour and Economic Growth in India”,
Ph.D Thesis, Mahatma Gandhi University, Kottayam
M, Leelamma (2004), “Performance Appraisal of SBI Mutual Funds with
Special Reference to Kerala State”, Ph.D Thesis, Mahatma
Gandhi University, Kottayam.
275
Navin, B(2003), “Asset Pricing Behavior in the Indian Stock Market”, Ph.D
Thesis, Osmania University, Hyderabad.
Pothen, Renu (1989), “Indian Stock Market”, Ph.D Thesis, University of Kerala,
Thiruvanathapuram.
Ramachandran, G (1989), “Behavior of Share Prices: A Statistical Analysis”,
Ph.D Thesis, IFMR, Madras.
Ramachandran, J (1986), “Behavior of Stock Market Prices, Information Assimilation
and Market Efficiency”, Ph.D Thesis, IIM Ahamedabad.
Ray, Subratha (1994), “CAPM: The Indian Context”, Ph.D Thesis, IIM Bangalore.
Sreevalsan (2004), “Use of Time Series Models for Managerial Decisions on Stock
Prices”, Ph.D Thesis, University of Kerala, Thiruvanathapuram.
MAGAZINES & DAILIES
Business Express
Capital Market
Corporate India
Dalal Street
Economic and Political Weekly
Investors India
Investment Monitor
Outlook Money
Southern Economist
The Economic Times
The Hindu Business Line
The Times of India
276
WEB SITES
www.bseindia.com
www.nseindia.com
www.rbi.com
www.sebi.com
www.docstoc.com
www.rediff.com
www.indiastat.com
www.wfe.com
www.investopedia.com
www.s&p.com
www.businesssatandard .com
www.hindu.com
www.timesofindia.com.
www.willamette.edu
http://en.wikipedia.org
www.ssrn.org