This study explores the contemporaneous association between market determined risk measures and accounting determined risk measures using the large liquid non-financial stocks in the Indian stock market in the recent 2012-2017 period. Two measures of systematic risk and seven accounting determined risk measures are chosen based on prior research. This study uses three regression techniques, namely Ordinary Least Squares (OLS), stepwise regression and robust regression, to identify the influential accounting variables for the systematic risk measured by market beta. The results evidence that there is a high degree of contemporaneous association between market determined and accounting determined risk measures, with nearly 30% of the cross sectional variance in systematic risk explained by accounting determined risk measures. The results suggest that the accounting variables can be used in the predictive models of future risk, leading to superior decision making at the level of individual decision maker.

<p>This study investigates the price and volume effect of index additions to the benchmark Nifty index for the recent period 1999-2010 in the Indian stock market. This study evidences significant, positive permanent abnormal returns around index announcement and inclusion. The support for permanent abnormal volume around index additions is limited at best. The results in this study do not support either the downward sloping demand curve hypothesis or the price pressure hypothesis as the primary explanation for the index inclusion effect. This study contributes to the growing literature on index inclusion by providing evidence that stock addition to the benchmark Nifty index appears to convey information.</p><p>Keywords: Indian Equity market, Nifty index additions, Abnormal return and volume,</p><p>JEL classification:<strong> </strong>G14, G15.</p>

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Purpose The purpose of this paper is to examine the short horizon stock behavior following large price shocks in the Indian stock market. Design/methodology/approach The author followed the methodology developed by Pritamani and Singhal (2001) to the short horizon stock behavior following large price shocks. Multivariate regression has also been used to test the robustness of the evidenced results. Findings The abnormal return following large one-day price changes were not found to be important. However, large price one-day changes, conditioned with volume, evidenced significant reversals and momentum over the following 20-day period. Large price changes accompanied by low volume exhibited significant reversals and suggests significant economic profits. The large price changes accompanied by high volume exhibited continuations. Research limitations/implications Large price changes accompanied by low volume exhibited significant reversals and suggested significant economic profits. The large price changes with high volume exhibited continuations. The contrarian strategy of buying low-volume one-day losers and selling one-day winners produced significant short horizon economic profits in the Indian stock market directly contradicting the efficient market hypothesis and has behavioral implications. Practical implications In this paper, the author has unearthed significant simple profitable trading strategies based on reversals and continuation following large one-day price changes with potential for significant economic profits. Originality/value This paper provides a practical framework for profitable trading strategies based on reversals and continuation following large one-day price changes with a potential for significant economic profits. The analysis of short horizon stock behavior following large price shocks conditional on volume based on the chosen methodology has not been attempted so far in the Indian stock market.

The X‐ray crystal structure of the title compound, C25H28O8, has been determined. In the structure, both the terminal five‐membered rings (A and F) are planar. The fused five‐membered rings C and E are in envelope conformations, and ring B is in a slightly distorted half‐chair conformation. The six‐membered ring D is in a slightly distorted sofa conformation. The structure is stabilized by O—H⋯O hydrogen bonds and C—H⋯O inter‐ and intramolecular interactions.