Capital Formation Through Public & Rights Issues in Indian Primary Capital Market: An Econometric Forecasting using Box-Jenkins ARIMA Model

Siddhartha Sankar Saha

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Capital Formation Through Public & Rights Issues in Indian Primary Capital Market: An Econometric Forecasting using Box-Jenkins ARIMA Model

机译：印度主要资本市场中通过公开发行和配股发行的资本形成：使用Box-Jenkins ARIMA模型的计量经济学预测

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The primary capital market is the appropriate route for the capital formation in corporate sectors through public offers, rights issues and private placement, etc. The largest sources of funds from the primary capital market to the corporate sectors are mobilized through public and rights issues. Basically, an invitation is made by a company to the public to subscribe to its securities offered through prospectus is called as public offers, which can be adopted either under fixed price, book- building method or pure auction method. Public issues are of two types, namely Initial Public Offer (IPO) and Further Public Offer (FPO). On the other hand, the existing equity shareholders of the company are given opportunity to invest their money in the form of rights issues. The study analyses the forecasting of money mobilization through public and rights issues in Indian primary capital market during 2000-2001 to 2020-2021 based on data during 2000-2001 to 2018-2019 using ARIMA Modeling. The study finds that the MA (1) model has become the best model to depict the behaviour of the first differences of the capital raised through public and rights issues over the study period. The study also explores that the forecast values of capital raised through public and rights issues in India for 2018-2019, 2019-2020 and 2020-2021, may be 80,796.10, 84,446.55 and and 88,097.01 (crore in rupees), respectively.

机译：初级资本市场是通过公开发售，配股和私募等方式在公司部门形成资本的适当途径。从初级资本市场到公司部门的最大资金来源是通过公共和配股筹集的。基本上，公司是向公众发出邀请以认购其通过招股说明书发售的证券的方式称为公开发售，可以采用固定价格，簿记方法或纯拍卖方法。公开发行分为两种类型，即首次公开募股（IPO）和进一步公开募股（FPO）。另一方面，公司现有的股权股东有机会以供股的形式投资其资金。这项研究使用ARIMA建模方法，根据2000-2001年至2018-2019年的数据，分析了2000-2001年至2020-2021年印度主要资本市场通过公共和配股发行的资金筹集的预测。研究发现，MA（1）模型已成为描述在研究期间通过公共和权利发行筹集的资本的最初差异行为的最佳模型。该研究还探讨了印度在2018-2019年，2019-2020年和2020-2021年通过公开发行和配股筹集的资本的预测价值分别为80,796.10、84,446.55和88,097.01（卢比）。

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《Research Journal of Finance and Accounting》 |2018年第19期|共12页
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Siddhartha Sankar Saha;
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中图分类财务会计;
关键词
Capital FormationIndian Primary Capital MarketResource MobilizationPublic and Rights IssuesARIMA Model.;

机译：资本形成印度初级资本市场资源动员公共和供股ARIMA模型。;

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1. Econometric Forecasting of Money Mobilization Through Public Issues in Indian Primary Capital Market using Box-Jenkins ARIMA Model [J] . Siddhartha Sankar Saha European Journal of Business and Management . 2018,第28期

机译：使用Box-Jenkins ARIMA模型的印度一级资本市场中公开发行货币动员的计量经济学预测
2. Impact of Select Parameters on Capital Generation in Indian Primary Capital Market: A Regression Analysis [J] . Siddhartha Sankar Saha, Mitrendu Narayan Roy European Journal of Business and Management . 2015,第7期

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3. Forecasting Ozone Concentrations Using Box-Jenkins ARIMA Modeling in Malaysia [J] . Mahiyuddin Wan Rozita Wan, Jamil Nur Izzah, Seman Zamtira, American Journal of Environmental Sciences . 2018,第3期

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4. A hybrid forecasting approach using ARIMA models and self-organising fuzzy neural networks for capital markets [C] . McDonald Scott, Coleman Sonya, McGinnity T.M., International Joint Conference on Neural Networks . 2013

机译：使用ARIMA模型和自组织模糊神经网络的资本市场混合预测方法
5. Financial forecasting with time series econometrics Garch models for capital markets. [D] . Kleinhans, Jorn. 2004

机译：使用时间序列计量经济学Garch模型进行的资本市场财务预测。
6. Social capital economic capital and power: further issues for a public health agenda [O] . F. BAUM 2000

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8. State Activities in Capital Formation: Venture Capital, Working Capital, and Public Pension Fund Investments [R] . 1985

机译：资本形成的国家活动：风险投资，营运资本和公共养老基金投资

Capital Formation Through Public & Rights Issues in Indian Primary Capital Market: An Econometric Forecasting using Box-Jenkins ARIMA Model

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