Risk And Return In Asian Emerging Markets

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Description

Asian emerging markets are becoming increasingly important in the new world order following the 2008 financial crisis. Risk and Return in Asian Emerging Markets uses popular portfolio methods and cross-sectional regressions to report the risk and return characteristics of Asian market participants. Topyan and Cakici help researchers understand the relative importance of certain criteria in forecasting and determining trading strategies for these countries.

This is the first book in the field to evaluate, compare, and contrast behavioral model variables with predictive powers for Asian emerging markets. Academicians and practitioners will find this book relevant to develop a firm grasp of the structure behind Asian emerging markets and implement trading strategies.

Review: The emerging Asian stock markets have become increasingly important in recent years, and they promise to be a hotbed of investing activity going forward. However, there is a dearth of rigorous analysis of these markets. This book fills this important gap and is a great handbook for Asian emerging market researchers in search of quick comparative information on risk and return.

The risk-return structures of the equity markets in China, India, Indonesia, Korea, Malaysia, Philippines, Taiwan, and Thailand are evaluated in detail and tabulated creatively. Importantly, the book is well-written, clearly explaining the techniques employed in the analysis. It provides a wealth of information on popular return predictors such as momentum, reversals, book-to-market, market cap, and the like, and the quick-take tables make comparisons across markets very easy and efficient. -Robert Whitelaw, Edward C.

Johnson 3d Professor of Entrepreneurial Finance and Chair of the Finance Department at the Leonard N. Stern School of Business, New York University Risk and Return in Asian Emerging Markets, a new book by Cakici and Topyan, effectively evaluates and tabulates the impacts of main return predictors, namely, market cap, price, beta, total and idiosyncratic volatility, momentum, short-term reversal, and book-to-market ratio for eight emerging market countries, using cross-sections as well as portfolio method.

The reader will enjoy the focused review of the included predictors and visually efficient comparison tables showing the results of two different methods. When used with the country specific economic indicators provided in the appendix, this book will make the reader better visualize the risk-return structure of included Asian emerging markets. -Jonathan A.

Batten, Editor, Emerging Markets Review In this book, Cakici and Topyan have nicely articulated how stock returns are predicted by major firm-level return predictors such as volatility, beta, momentum