Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download The Asian Tech Stock Rally PDF full book. Access full book title The Asian Tech Stock Rally by Andreas Fürst. Download full books in PDF and EPUB format.
Author: Andreas Fürst Publisher: ISBN: Category : Languages : en Pages :
Book Description
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.
Author: Andreas Fürst Publisher: ISBN: Category : Languages : en Pages :
Book Description
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.
Author: Commodity Research Bureau Publisher: John Wiley & Sons ISBN: 0471694444 Category : Business & Economics Languages : en Pages : 386
Book Description
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.
Author: Graciela L. Kaminsky Publisher: ISBN: Category : Globalization Languages : en Pages : 62
Book Description
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.
Author: David L. Western Publisher: Psychology Press ISBN: 9780415369695 Category : Business & Economics Languages : en Pages : 262
Book Description
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.
Author: Joseph Jacobelli Publisher: Walter de Gruyter GmbH & Co KG ISBN: 3110699850 Category : Business & Economics Languages : en Pages : 298
Book Description
Asia is home to 60 per cent of the world's population, including the world's two most populous nations, China and India. The region's economic gains and rising middle class are accelerating demand for more consumer goods and a better quality of life. For further economic growth to be realised, the region will need a massive supply of additional energy, three- to five-fold 2020’s amount by 2050. These changes create new business and investment opportunities for domestic companies and overseas participants. Asia’s energy market, already the world’s biggest, will soon be the most advanced. There will be mass adoption of digital technologies, like artificial intelligence, to make the distribution of solar, wind and other clean resources, smarter and more efficient. Led by China, billions of dollars in capital investment will drive the region's shift to green, sustainable energy, replacing polluting and expensive fossil fuels, which will help to rein in climate change. In Asia’s Energy Revolution, leading energy markets analyst and practitioner Joseph Jacobelli explains why Asia is the world’s most important territory for energy transition, how developments in the region will drive change in the rest of the world as well as how it will all be financed. The book discussion includes: Analysis of past events and forward-looking analysis of the industry in the region encompassing commercial, economic, and financial aspects Appraisal of new energy technologies, such as electric vehicles, and digital solutions, such as blockchain for energy Review of the capital flows and sustainable financing channels needed to fund energy infrastructure and tech growth
Author: Meheroo Jussawalla Publisher: M.E. Sharpe ISBN: 9780765611437 Category : Business & Economics Languages : en Pages : 314
Book Description
This work compares IT parks in China, India, Malaysia, Singapore, Taiwan, and Hawaii, in search of strategies that policy makers can employ to reduce the Global Digital Divide, advance distributional equity, and soften some of the negative effects of economic globalization.
Author: Andreas Fürst
Author: Andreas Fürst
Author: 徐黎明
Author: Commodity Research Bureau
Author: Graciela L. Kaminsky
Author: David L. Western
Author: 
Author: Joseph Jacobelli
Author: 
Author: Meheroo Jussawalla
Author: