Developments in the Payment System Architecture of India | Zendy

Rahul Bhasin | Zendy

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Developments in the Payment System Architecture of India

Author(s) -

Rahul Bhasin

Publication year - 2017

Publication title -

mudra journal of finance and accounting

Language(s) - English

Resource type - Journals

eISSN - 2395-2598

pISSN - 2347-4467

DOI - 10.17492/mudra.v3i2.7896

Subject(s) - cheque , clearing , payment system , settlement (finance) , payment , business , payment service provider , electronic funds transfer , debit card , payment order , commerce , payment processor , service (business) , finance , computer security , computer science , credit card , marketing

The main objective of this study is to test the ability of different asset pricing models Fama & French three factor model and the augmented Fama & French Four Factor model, to explain the variation in stocks rate of return over the period from June 1999 to June 2010. The study also investigates the existence of the size and value Momentum effects in ASE. The study found a strong size and strong positive value effects in ASE. The study results indicate that the Fama & French three factor model provide better explanation to the variation in stocks rates of return for some portfolios and is better than the augmented Fama – French Four – Factor model.

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