In an emerging (Indian) capital market, power-law distribution emerges at high market capitalization level and the values of the exponent of the power-law are found to be consistent with wealth distribution of the individuals in the economy. The high growth of the firms does not change the wealth distribution and likewise the value of the exponent. However, negative growth of the firms affects the wealth distribution of the firms and is accompanied by the reduction in the value of the exponent. Since, mean difference in the ranks for the negative growth is much higher and statistically significant than the high growth firms, we conclude that it may have led to larger change in the exponents value.
CITATION STYLE
Bagchi, D. (2005). Power-Law Distribution in an Emerging Capital Market (pp. 205–209). https://doi.org/10.1007/88-470-0389-x_22
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