Creating Value in Small-cap Firms by Mitigating Risks of Market Volatility

Sayantan Khanra and Sanjay Dhir

Vision, 2017, vol. 21, issue 4, 350-355

Abstract: Extant research has explored numerous ideal approaches to predict and anticipate the unpredictability in stocks to mitigate business risks. This article attempts to offer an important insight on creating values in terms of financial returns dodging the risks associated with the market volatility in emerging market economies by exploring the context of National Stock Exchange (NSE), India. The study establishes that Small-cap companies, which are included in NSE Small 100 index, are less inclined to be impacted by the market volatility index (NVIX) compared to the Large-cap companies and Mid-cap companies that are under respective Broad Market Indices. Furthermore, this article examines 64 Small-cap companies, belonging to nine different sectors, to investigate the sector-wise impact of market volatility on Small-cap businesses in India.

Keywords: Small Cap Firms; Risk; Market Volatility; National Stock Exchange (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:sae:vision:v:21:y:2017:i:4:p:350-355

DOI: 10.1177/0972262917733166

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