Title: Econometric modelling of e-commerce finance: issues, macroeconomic determinants and public policies
Authors: Sardar M.N. Islam, K.B. Oh
Addresses: Centre for Strategic Economic Studies, Victoria University, 13th Floor, 300 Flinders Street, Victoria 3001, Australia. ' Graduate School of Management, La Trobe University, Victoria 3086, Australia
Abstract: E-commerce is a new phenomenon in the financial markets, the growth of which is largely driven by the emergence of the knowledge economy. Due to the nascent development of e-commerce, we hypothesise that new economic issues regarding e-commerce that are emerging have wide macroeconomics, e-commerce stock market and public policy implications. This paper suggests a new approach for analysing the e-commerce stock market relations and issues in terms of macroeconomic factors. This approach uses econometric techniques with some other quantitative methods to address other financial issues in the e-commerce sector. Econometric analyses including stationarity tests, cointegration modelling, including volatility, predictability and efficient market hypothesis checks are performed. The empirical findings of this Australian study and their implications for public policies for other regions are stated.
Keywords: stock valuation models; e-commerce; financial market; financial policy.
International Journal of Internet and Enterprise Management, 2003 Vol.1 No.3, pp.265 - 280
Published online: 10 May 2004 *Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article