An empirical analysis of financial issues in the Australian electronic commerce sector
Oh, Kok-Boon (2001) An empirical analysis of financial issues in the Australian electronic commerce sector. Other Degree thesis, Victoria University.
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.
|Item Type:||Thesis (Other Degree thesis)|
Doctor of Business Administration
|Uncontrolled Keywords:||electronic commerce sector, electronic commerce, E-commerce, financial markets, information and communications technology sector, ICT, market mechanism, asset pricing process, consumer markets, e-commerce stocks, Australia, Australian|
|Subjects:||FOR Classification > 1403 Econometrics
FOR Classification > 1402 Applied Economics
Faculty/School/Research Centre/Department > Graduate School of Business
|Depositing User:||VU Library|
|Date Deposited:||17 Aug 2011 22:59|
|Last Modified:||23 May 2013 16:46|
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