rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Frontier Emerging Equity Markets Securities Price Behavior and Valuation
  name:
    name part: Kratz, Oliver S.
    role:
      role term: creator
    role:
      role term: author.
  name:
    name part: SpringerLink (Online service)
  type of resource: text
  origin info:
    place:
      place term: xxu
    date issued: 1999
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: electronic
    form: electronic resource
    reformatting quality: access
    form: remote
    extent: XVI, 202 p. online resource.
  abstract: Frontier Emerging Equity Markets Securities Price Behavior and Valuation uses the Russian example to illustrate the intricate mechanics of frontier emerging equity market analysis. Frontier markets are those equity markets that do not benefit from the same degree of securities transparency and information dissemination as future emerging markets. In many cases, frontier equity markets are those which have been created almost literally overnight, without the infrastructure and institutional readiness of the nations in which they are located. During the 1990s, frontier emerging markets have formed a new investment asset class which requires a very different set of valuation metrics from mature emerging markets. In developing a multi-stage approach to the understanding and valuing of such markets, this book uses the case of the Russian frontier equity market to illustrate topics such as the relationship between equity market infrastructure and valuation during the `genesis' period of an emerging financial market; evolving market efficiency; and the crucial role of depository receipt programs in the development of these markets. Further, this book develops the first comprehensive framework for valuing a frontier equity market. The role of equity risk premium, as it affects early dynamic equity valuation, is also covered in order to illuminate important drivers of securities price performance. The book closes by discussing the philology of the frontier market valuation debate, in which every market participant is an important purveyor of information and a contributor to the final valuation dimension of equities. The main asset used to present the empirical concepts is a complete research database drawn from actual frontier market investing, which previously had been unavailable to academic researchers. As an active institutional asset management professional at a major Wall Street investment firm, the author marries academic theories, such as market efficiency and market…
  table of contents: Market Efficiency in Frontier Emerging Markets -- Frontier Emerging Equity Market Infrastructure -- Data and Descriptive Features of a Frontier Equity Market -- Information Channels in Frontier Emerging Markets -- Econometrics of Measuring Frontier Equity Market Efficiency -- Running the Numbers on a Frontier Market -- ADRs and GDRs - International Depository Receipts in Frontier Markets -- Valuation Approaches to Frontier Equity Markets -- The Philology of Frontier Equity Markets.
  note: by Oliver S. Kratz.
  subject:
    topic: Finance
  subject:
    topic: Business
  subject:
    topic: Management science
  subject:
    topic: International economics
  subject:
    topic: Finance
  subject:
    topic: Finance, general
  subject:
    topic: International Economics
  subject:
    topic: Business and Management, general
  classification: HG1-HG9999
  classification: 332
  related item:
    title info:
      title: Springer eBooks
  identifier: 9780585308111
  identifier: http://dx.doi.org/10.1007/b102505
  record info:
    record creation date: 100301
    record change date: 20151204171426.0
    record identifier: 978-0-585-30811-1