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An empirical analysis of financial issues in theAustralian electronic commerce sector
| Content Provider | Semantic Scholar |
|---|---|
| Author | Oh, Kok-Boon |
| Copyright Year | 2001 |
| Abstract | E-commerce is a new phenomenon in the financial markets. The rapid advances in the information and communications technology sector have facilitated the advent of e-commerce and has resulted in global market euphoria over technology stocks in financial markets. This thesis is based on the premise that an initial characterisation of the e-commerce sector is necessary as a precursor to a more profound understanding of the market mechanism and asset pricing process. The development of e-commerce as a consumer market is reviewed in this thesis. The issues and factors contributing to this development are identified, analysed and the implications for equity valuation of e-commerce related stocks are discussed and explained. Various economic variables that influenced Australian e-commerce stock returns from July 1999 to June 2000 are examined. A critical review of existing theories of stock valuation and their empirical relevance to e-commerce is presented. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://vuir.vu.edu.au/16085/1/OH_2001compressed.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
