Overview

Risk and Return in Asian Emerging Markets offers readers a firm insight into the risk and return characteristics of leading Asian emerging market participants by comparing and contrasting behavioral model variables with predictive forecasting methods.

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9781137360885

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Reviews

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 of 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, for eight major Asi

Author Information

Nusret Cakici is Professor of Finance at Fordham University, USA. He has published more than 30 articles in finance journals, including the Journal of Finance, Journal of Financial and Quantitative Analysis, and Journal of Empirical Finance. His research addresses issues in derivatives, corporate finance, international finance, risk management, and investments. He is conducting research on investment strategies, cross-section of expected returns, and value at risk. Kudret Topyan is Professor of Economics and Finance at Manhattan College School of Business, USA. He has published economics and finance articles in many professional journals including Oxford Bulletin of Economics and Statistics, Journal of Computational Finance, and Emerging Markets Finance and Trade. His recent research focuses on equity valuation in emerging markets. Topyan is a co-recipient of the prestigious 2011 Hong Kong Capital Markets Research Award and is also an active trainer in the community banking industry.

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