Dr. Akash Dania’s paper accepted for publication in top-tier Finance discipline asset management focused journal

Dr. Akash Dania’s paper accepted for publication in top-tier Finance discipline asset management focused journal

Alcorn State University School of Business faculty, Dr. Akash Dania’s research paper titled “Transmission of U.S. stock market implied volatility to BRIC markets” has been accepted for publication in the fall 2014 issue of the Journal of Wealth Management.

This paper answers important question related to topic of whether the stock market returns volatility originating in a mature equity markets impacts the returns and volatility of emerging or less mature equity markets. Novelty of this paper is the use of implied volatility, a forward-looking measure, which differs from historical volatility which is calculated from known past returns of a security. Majority of papers on this topic have focused on understanding mature markets behavior using historic volatilities. The accepted paper focuses on currently the fastest growing emerging market economies, i.e., the BRIC nations of Brazil, Russia, India and China using implied volatility of the U.S. equity market to assess its impact transmission. This research paper is co-authored with Dr. D.K. Malhotra at Philadelphia University.

The findings from these research manuscripts have important implications for investors, managers, policymakers, and scholars interested in the equity markets of emerging nations.

The Journal of Wealth Management (JWM) is the only peer-reviewed journal devoted exclusively to original research and practical guidance for high-net-worth investors and family offices. JWM addresses the investment concerns while keeping the reader abreast of the latest investment strategies in private asset management.

For further information on this research project, contact Dr. Akash Dania at [email protected] or (601) 304-4388.