publication . Bachelor thesis . 2013

Performance of passive long term investments : A longitudinal study over the relative performance of emerging- and developed markets

Babar, Haseeb Zaman; Norberg, Johan;
Open Access English
  • Published: 01 Jan 2013
  • Publisher: Umeå universitet, Företagsekonomi
  • Country: Sweden
Abstract
The concept of emerging markets came to surface in early 1980 and constituted of only eight countries from the two continents of South America and Asia. The globalization of financial markets has since raised the importance of emerging capital markets. We take a quantitative approach to investigate the performance of emerging markets compared to developed markets. The aim of the study is to conclude if emerging markets offers investment value and if logic in portfolio theory can be used to improve the chance of creating a relatively better performing investment. Included markets in our study are Brazil, Russia, India, China, Colombia, Indonesia, Vietnam, Egypt, ...
Subjects
free text keywords: Terminal growth, Sharpe ratio, Currency effect, Skewness and Kurtosis, BRIC, CIVETS, Emerging Markets
Related Organizations
36 references, page 1 of 3

Alex, F., David, R.G & Teddy, N.O. (2005). The Index Tracking Strategies of Passive and Enhanced Index Equity Funds. Australian Journal of Management, 30(1), 23-54

Altay-Salih, A., Muradoglu, G., & Mercan, M. (2002). Performance of the efficient frontier in an emerging market setting. Applied Economics Letters. 9(3), 177-183 [OpenAIRE]

Arora, R.K., Jain, P., & Das, H. (2009), Behaviuor of Stock return in Selected Emerging Market. Journal of Financial Management and Analysis, 22(2), 13-25

Arora, R.K., Jain, P.K., & Das, H. (2011). International Diversification Through Emerging Market Investment: Selection of Appropriate Portfolio Strategy. Review of Pacific Basin Financial Markets & Policies, 14(4), 737-749. 13

Arsalan, N., & Tatlidl, H. (2013). Development adventure of Turkey and its potential rivals in the period of 2001-2010: A comparative multivariate analysis. African Journal of Business Management. 7(2), p 154-163

Bahmani, S. (2013). Exchange rate volatility and demand for money in less developed countries. Journal Economic Finance. Vol (37) p. 442-452

Barnewell, M.M. (1988).Examining Psychological traits of Passive and Active Affluent Investors, Journal of Financial Planning. 1(2), 70-74

Billmeier, A., & Massa, I. (2009). What drives stock market development in emerging markets-institutions, remittances, or natural resources? Emerging Markets Review, 10(1), 23-35

Bilsona, C.M., Brailsford, T.J., Hooper, V. J., & Pacific-Basin. (2001). Selecting macroeconomic variables as explanatory factors of emerging stock market returns. Finance Journal, 9(4), 401-26 [OpenAIRE]

Bodie, Z., Kane, A., & Marcus, A. J. (2011). Investments and portfolio management. Global eddition., 9th ed. New York: McGraw-Hill/Irwin

Bohl, M.T., & Brzeszczynski, J. (2006). Do institutional investors destabilize stock prices? evidence from an emerging market, Journal of International Financial Markets, Institutions and Money, 16(4) 370-83 [OpenAIRE]

Brealey, R. A., Myers, S.C. & Allen, F. (2011). Principles of corporate finance. 10th edition. New York, McGraw-Hill/Irwin

Bryman, A., Becker, S., & Sempik. J. (2008) Quality Criteria for Quantitative, Qualitative and Mixed Methods Research: A View from Social Policy. International Journal of Social Research Methodology, 11(4), p 261-276

Bryman, A. & Bell, E. (2007). Business Research Methods. 2nd edition. New York, USA: Oxford University Press

Collis, J., & Hussey. R. (2009). Business Research. [e-book.] Hampshire, England: Macmillan Publishers Limited. Available via <http://www.palgrave.com/business/collis/br/docs/sample.pdf> [Retrieved 2013-05- 02].

36 references, page 1 of 3
Powered by OpenAIRE Open Research Graph
Any information missing or wrong?Report an Issue