Monash University issued the following news release:
With the Australian cricket team touring India, investors on India's National Stock Exchange (NSE) have good reason to feel nervous with new research showing when India's cricket team lose one-day internationals, a decline is recorded in the stock market.
Research by economists Professor Russell Smyth and Dr Vinod Mishra at Monash University suggest the performance of the Indian cricket team in one-day matches can significantly impact on the fortunes of the Indian stock market.
"While a win by the Indian cricket team has no statistically significant upward impact on stock market returns, a loss generates a …
With the Australian cricket team touring India, investors on India's National Stock Exchange (NSE) have good reason to feel nervous with new research showing when India's cricket team lose one-day internationals, a decline is recorded in the stock market.
Research by economists Professor Russell Smyth and Dr Vinod Mishra at Monash University suggest the performance of the Indian cricket team in one-day matches can significantly impact on the fortunes of the Indian stock market.
"While a win by the Indian cricket team has no statistically significant upward impact on stock market returns, a loss generates a …
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