The Asian Tech Stock Rally
Title | The Asian Tech Stock Rally PDF eBook |
Author | Andreas Fürst |
Publisher | |
Pages | |
Release | 2018 |
Genre | |
ISBN |
On 10 March 2000, stocks on the NASDAQ closed at all-time highs, before stock markets came to a crashing halt, when the so-called "dotcom-bubble" burst. Regarding today's market situation, on 31 December 2017, stock markets around the globe were closing at near all-time highs again. But this time around Asian technology stocks are playing a major role in this picture. In recent years, media has likened the idea of a potential new bubble developing in the US, comparing it to the events from the dotcom era. To the author's knowledge, the assessment of a potential technology stock bubble building in the Asian technology stock market has not been addressed yet by academic research. Therefore, this thesis aims to fill in this gap using an original research method. The cross-section of 153'681 firm-year observations of accounting and market prices data and 309 valuation reports were analyzed in an attempt to compare market prices and valuation methods of Asian technology companies today and during the dotcom-bubble. This thesis provided additional empirical evidence for the Ohlson (1995) model and the Xu & Cai (1996) model. Both models were able to explain less cross-sectional variation in Asia-Pacific technology stock market prices today compared to the historical period. Evidence from content analysis suggested that Asian technology stock valuation methods still share similarities to the valuation methods used for internet companies during the dotcom-bubble. In conclusion, the current situation in Asian technology stock markets cannot yet be seen as a bubble development.
The Center and the Periphery
Title | The Center and the Periphery PDF eBook |
Author | Graciela L. Kaminsky |
Publisher | |
Pages | 62 |
Release | 2003 |
Genre | Globalization |
ISBN |
This paper studies how financial turbulence in emerging market countries can spread across borders. We construct indices of financial globalization' and evaluate the repercussions of turmoil in three emerging markets, which experienced financial crises in the late 1990s: Brazil, Russia, and Thailand. Our findings indicate that financial turbulence in these countries only spreads globally when they affect asset markets in one or more of the world's financial centers. Otherwise, spillovers are confined to countries in the same region. We also find that fragility in institutions in the financial centers is at the core of global spillovers while economic and monetary policy news contributes to regional spillovers.
学VOA英语冲刺四级听力
Title | 学VOA英语冲刺四级听力 PDF eBook |
Author | 徐黎明 |
Publisher | 清华大学出版社有限公司 |
Pages | 430 |
Release | 2004 |
Genre | |
ISBN | 9787302078814 |
本书针对国家英语四级考生的听力训练需求,由纯正美语广播节目VOA中精选了120篇特色文章,配以生词表及课后练习,帮助学生深入理解文章内容进而提高听力水平。
Booms, Bubbles, and Busts in US Stock Markets
Title | Booms, Bubbles, and Busts in US Stock Markets PDF eBook |
Author | David L. Western |
Publisher | Psychology Press |
Pages | 262 |
Release | 2004 |
Genre | Business & Economics |
ISBN | 9780415369695 |
Examines the current conditions before looking back to the events of the last century - The Great Depression, the 1970s oil crisis, the party-for-the-rich atmosphere of the 1980's and the emergence of the new economy.
Global Corporate Finance
Title | Global Corporate Finance PDF eBook |
Author | Suk H. Kim |
Publisher | John Wiley & Sons |
Pages | 544 |
Release | 2009-02-09 |
Genre | Business & Economics |
ISBN | 1405152249 |
Global Corporate Finance, sixth edition provides studentswith the practical skills needed to understand global financialproblems and techniques. Retains the user-friendly format of previous editions whileoffering expanded material on corporate finance and governance,international markets, global financial dynamics and strategies,and risk management techniques Each chapter begins with a real-world case study to be explainedby theories and research findings presented throughout thechapter End-of-chapter mini-cases further reinforce students’understanding of the material covered This edition is supported by a comprehensive Study Guide and anInstructor's Manual, available atwww.blackwellpublishing.com/kim.
Far Eastern Economic Review
Title | Far Eastern Economic Review PDF eBook |
Author | |
Publisher | |
Pages | 788 |
Release | 2003 |
Genre | East Asia |
ISBN |
The CRB Commodity Yearbook 2004
Title | The CRB Commodity Yearbook 2004 PDF eBook |
Author | Commodity Research Bureau |
Publisher | John Wiley & Sons |
Pages | 386 |
Release | 2005-02-22 |
Genre | Business & Economics |
ISBN | 0471694444 |
THE SINGLE MOST COMPREHENSIVE SOURCE OF COMMODITY AND FUTURES MARKET INFORMATION AVAILABLE Since 1939, professional traders, commercial hedgers, portfolio managers, and speculators have come to regard The CRB Commodity Yearbook as the 'bible' of the industry. Here is a wealth of authoritative data, gathered from government reports, private industry, and trade and industry associations, all compiled by the Commodity Research Bureau, the organization of record for the entire commodity industry itself. Absolutely essential for identifying changing trends in supply and demand and for projecting important price movements, the Yearbook gives the investor: * Worldwide supply/demand and production/consumption data for all the basic commodities and futures markets-from A(luminum) to Z(inc), including all the major markets in interest rates, currencies, energy, and stock index futures * Over 900 tables, graphs, and price charts of historical data, many of which show price history dating back to 1900 * Fact filled CD-ROM: As an added bonus to this year's edition, a companion CD-ROM has been included to provide readers with valuable commodity information in an easy-to-use electronic format * Concise introductory articles that describe the salient features of each commodity and help put the quantitative information in perspective * Articles by prominent professionals on key markets and important issues concerning the commodity industry. The 2004 Yearbook features articles by CRB Chief Economist, Richard W. Asplund, including: "Major Commodity Bull Market Emerges in 2003," "U.S. Economic Surge Drives Global Economic Recovery," "Free-Trade Talks Produce Some Successes but Move from Global to Regional," and "China Breaks Out as a Major Player in Global Commodity and Financial Markets." For anyone dealing in commodities, The CRB Commodity Yearbook 2004 offers an abundance of valuable information and indispensable guidance for decision-making.