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C. Vengatesan - One of the best experts on this subject based on the ideXlab platform.

  • Role and Significance of Credit Rating with Special Reference to Indian Retail Equity Investor: An Empirical Investigation
    JIMS8M: The Journal of Indian Management & Strategy, 2016
    Co-Authors: S. Gurusamy, C. Vengatesan, P. Hemavathy
    Abstract:

    Credit rating provides analytical assistance to the potential Investors on the extent of risk involved in the appropriate repayment of principal and interest. Credit rating is a basis of reliable information for many users as rated instruments highlight the company's financial health. Rating gives advanced information about the rated product at low cost to the Investor. This study highlights as to how the retail Equity Investors could enhance their participation in the stock market by relying on the information dished out by the credit rating agencies. The methodology of the study is based on primary data collected through well-structured questionnaire to elicit the perception of retail Investors on the usefulness of credit rating. Factor analysis by principal component method, has been applied to reduce the number of usage related variables among the retail Equity Investor into four meaningful factors and benefit of ratings related variables into three meaningful factors. Multiple regression analysis has been employed to establish the influence of usage of the ratings among the retail Equity Investor on the benefit of rating by the retail Equity Investor. Results reveal that credit rating acts as the information gap-builder for Investors besides serving the public good. The retail Equity Investors are indeed found to be highly benefited by the way of adequate disclosure of relevant information. Credit rating agencies play a significant part in providing one source of information that aids accuracy and market capability, thereby plummeting the imbalance of information among the stock market Investors.

  • Role and Relevance of Credit Rating - A Study with Special Reference to Retail Equity Investor's Perception in India
    Sumedha Journal of Management, 2015
    Co-Authors: S. Gurusamy, C. Vengatesan
    Abstract:

    Credit rating agencies play an important role in providing one source of information that aids exactitude and market competence thereby tumbling the imbalance of information that often exists among the stock market Investors. Credit rating provides analytical assistance to the potential Investors on the extent of risk involved in the appropriate repayment of principal and interest. Rating gives advanced information about the rated product at low cost to the Investor. Thus, the Investor can effortlessly identify the risk involved and obtain predictable benefit of the instrument by glancing at the symbols. This study endeavors to act show as to how the retail Equity Investors could enhance their participation in the Indian Capital market by relying on the information dished out by the credit rating agencies. The methodology of the study is based on primary data collected through well framed and structured questionnaire to elicit the perception of retail Investors on the usefulness of credit rating agencies. Factor analysis by principal component method has been applied to reduce the number of awareness of rating among the retail Equity Investor related variables and usage of ratings related variables into four meaningful factors respectively. Multiple regression analysis has been employed to establish the influence of Awareness of the ratings among the retail Equity Investor with the usage of rating by the retail Equity Investor. Results reveal that awareness about the credit rating by providing appropriate information to the retail Equity Investors and integrity of Credit Rating play vital role in creating maximum Usage of rating by offering Credit Protection to the Equity Investor.

John Y Campbell - One of the best experts on this subject based on the ideXlab platform.

  • an intertemporal capm with stochastic volatility
    Journal of Financial Economics, 2018
    Co-Authors: John Y Campbell, Stefano Giglio, Christopher Polk, Robert Turley
    Abstract:

    This paper studies the pricing of volatility risk using the first-order conditions of a long-term Equity Investor who is content to hold the aggregate Equity market rather than tilting towards value stocks and other Equity portfolios that are attractive to short-term Investors. We show that a conservative long-term Investor will avoid such tilts in order to hedge against two types of deterioration in investment opportunities: declining expected stock returns, and increasing volatility. Empirically, we present novel evidence that low-frequency movements in Equity volatility, tied to the default spread, are priced in the cross-section of stock returns.

  • an intertemporal capm with stochastic volatility
    LSE Research Online Documents on Economics, 2018
    Co-Authors: John Y Campbell, Stefano Giglio, Christopher Polk, Robert Turley
    Abstract:

    This paper studies the pricing of volatility risk using the Orst-order conditions of a long-term Equity Investor who is content to hold the aggregate Equity market rather than overweighting value stocks and other Equity portfolios that are attractive to short-term Investors. We show that a conservative long-term Investor will avoid such overweights in order to hedge against two types of deterioration in investment opportunities: declining expected stock returns, and increasing volatility. Empirically, we present novel evidence that low-frequency movements in Equity volatility, tied to the default spread, are priced in the cross-section of stock returns.

Robert Turley - One of the best experts on this subject based on the ideXlab platform.

  • an intertemporal capm with stochastic volatility
    Journal of Financial Economics, 2018
    Co-Authors: John Y Campbell, Stefano Giglio, Christopher Polk, Robert Turley
    Abstract:

    This paper studies the pricing of volatility risk using the first-order conditions of a long-term Equity Investor who is content to hold the aggregate Equity market rather than tilting towards value stocks and other Equity portfolios that are attractive to short-term Investors. We show that a conservative long-term Investor will avoid such tilts in order to hedge against two types of deterioration in investment opportunities: declining expected stock returns, and increasing volatility. Empirically, we present novel evidence that low-frequency movements in Equity volatility, tied to the default spread, are priced in the cross-section of stock returns.

  • an intertemporal capm with stochastic volatility
    LSE Research Online Documents on Economics, 2018
    Co-Authors: John Y Campbell, Stefano Giglio, Christopher Polk, Robert Turley
    Abstract:

    This paper studies the pricing of volatility risk using the Orst-order conditions of a long-term Equity Investor who is content to hold the aggregate Equity market rather than overweighting value stocks and other Equity portfolios that are attractive to short-term Investors. We show that a conservative long-term Investor will avoid such overweights in order to hedge against two types of deterioration in investment opportunities: declining expected stock returns, and increasing volatility. Empirically, we present novel evidence that low-frequency movements in Equity volatility, tied to the default spread, are priced in the cross-section of stock returns.

S. Gurusamy - One of the best experts on this subject based on the ideXlab platform.

  • Role and Significance of Credit Rating with Special Reference to Indian Retail Equity Investor: An Empirical Investigation
    JIMS8M: The Journal of Indian Management & Strategy, 2016
    Co-Authors: S. Gurusamy, C. Vengatesan, P. Hemavathy
    Abstract:

    Credit rating provides analytical assistance to the potential Investors on the extent of risk involved in the appropriate repayment of principal and interest. Credit rating is a basis of reliable information for many users as rated instruments highlight the company's financial health. Rating gives advanced information about the rated product at low cost to the Investor. This study highlights as to how the retail Equity Investors could enhance their participation in the stock market by relying on the information dished out by the credit rating agencies. The methodology of the study is based on primary data collected through well-structured questionnaire to elicit the perception of retail Investors on the usefulness of credit rating. Factor analysis by principal component method, has been applied to reduce the number of usage related variables among the retail Equity Investor into four meaningful factors and benefit of ratings related variables into three meaningful factors. Multiple regression analysis has been employed to establish the influence of usage of the ratings among the retail Equity Investor on the benefit of rating by the retail Equity Investor. Results reveal that credit rating acts as the information gap-builder for Investors besides serving the public good. The retail Equity Investors are indeed found to be highly benefited by the way of adequate disclosure of relevant information. Credit rating agencies play a significant part in providing one source of information that aids accuracy and market capability, thereby plummeting the imbalance of information among the stock market Investors.

  • Role and Relevance of Credit Rating - A Study with Special Reference to Retail Equity Investor's Perception in India
    Sumedha Journal of Management, 2015
    Co-Authors: S. Gurusamy, C. Vengatesan
    Abstract:

    Credit rating agencies play an important role in providing one source of information that aids exactitude and market competence thereby tumbling the imbalance of information that often exists among the stock market Investors. Credit rating provides analytical assistance to the potential Investors on the extent of risk involved in the appropriate repayment of principal and interest. Rating gives advanced information about the rated product at low cost to the Investor. Thus, the Investor can effortlessly identify the risk involved and obtain predictable benefit of the instrument by glancing at the symbols. This study endeavors to act show as to how the retail Equity Investors could enhance their participation in the Indian Capital market by relying on the information dished out by the credit rating agencies. The methodology of the study is based on primary data collected through well framed and structured questionnaire to elicit the perception of retail Investors on the usefulness of credit rating agencies. Factor analysis by principal component method has been applied to reduce the number of awareness of rating among the retail Equity Investor related variables and usage of ratings related variables into four meaningful factors respectively. Multiple regression analysis has been employed to establish the influence of Awareness of the ratings among the retail Equity Investor with the usage of rating by the retail Equity Investor. Results reveal that awareness about the credit rating by providing appropriate information to the retail Equity Investors and integrity of Credit Rating play vital role in creating maximum Usage of rating by offering Credit Protection to the Equity Investor.

Stefano Giglio - One of the best experts on this subject based on the ideXlab platform.

  • an intertemporal capm with stochastic volatility
    Journal of Financial Economics, 2018
    Co-Authors: John Y Campbell, Stefano Giglio, Christopher Polk, Robert Turley
    Abstract:

    This paper studies the pricing of volatility risk using the first-order conditions of a long-term Equity Investor who is content to hold the aggregate Equity market rather than tilting towards value stocks and other Equity portfolios that are attractive to short-term Investors. We show that a conservative long-term Investor will avoid such tilts in order to hedge against two types of deterioration in investment opportunities: declining expected stock returns, and increasing volatility. Empirically, we present novel evidence that low-frequency movements in Equity volatility, tied to the default spread, are priced in the cross-section of stock returns.

  • an intertemporal capm with stochastic volatility
    LSE Research Online Documents on Economics, 2018
    Co-Authors: John Y Campbell, Stefano Giglio, Christopher Polk, Robert Turley
    Abstract:

    This paper studies the pricing of volatility risk using the Orst-order conditions of a long-term Equity Investor who is content to hold the aggregate Equity market rather than overweighting value stocks and other Equity portfolios that are attractive to short-term Investors. We show that a conservative long-term Investor will avoid such overweights in order to hedge against two types of deterioration in investment opportunities: declining expected stock returns, and increasing volatility. Empirically, we present novel evidence that low-frequency movements in Equity volatility, tied to the default spread, are priced in the cross-section of stock returns.