Al-Barkaat Journal of Finance & Management最新文献

Do the Dragons Move Together; Co-integrated and Causality Study Among Chinese Bourses-A Curious Case of Hang Seng and Shanghai Stock Exchange 龙会一起移动吗?中国证券交易所间的协整与因果关系研究——以恒生指数与上海证券交易所为例

Al-Barkaat Journal of Finance & Management Pub Date : 2016-07-01 DOI: 10.5958/2229-4503.2016.00010.2

Bikramaditya Ghosh

{"title":"Do the Dragons Move Together; Co-integrated and Causality Study Among Chinese Bourses-A Curious Case of Hang Seng and Shanghai Stock Exchange","authors":"Bikramaditya Ghosh","doi":"10.5958/2229-4503.2016.00010.2","DOIUrl":"https://doi.org/10.5958/2229-4503.2016.00010.2","url":null,"abstract":"Hang Seng (HSI) and Shanghai (SSE) are the two pillars of Chinese dominance for the past 25–30 years among the global bourses. However, both the indices have very little in common, as far as ingredients are concerned. Mutual Stock Connect in 2014 has opened the doors from both the sides for the investors, raising a question on the co-integration once again. On one hand, Hang Seng attracted foreign investors (both retail and Institutional) and on the other hand Shanghai focussed more on domestic funds that are stickier in nature. This study inspects the chances and the intensity of the Causal relationship between these two dragon indices. The time period is for two and a half decades and the tools that are used include Johansen Co-integration Test and Bivariate Granger Causality. The test finds medium to strong relative dependency and reciprocity despite very few stocks being common. It also finds Shanghai (SSE) as the lead or the driver index, and Hang Seng (HSI) as the driven index. Even the model of two indices is different as well (HSI follows Moving Averages and SSE follows ARMA). In efficient markets, this kind of secular movement is quite evident in nature, and thus the study confirms that Chinese capital markets are proven to be tending towards the efficient side.","PeriodicalId":324801,"journal":{"name":"Al-Barkaat Journal of Finance & Management","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129577261","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 4

Entrepreneurship: Ideology and Contingencies 企业家精神:意识形态与偶然性

Al-Barkaat Journal of Finance & Management Pub Date : 1900-01-01 DOI: 10.5958/2229-4503.2015.00016.8

Mohammad Israr Khan

引用次数: 0

Economic Meltdown-Its Impact on Indian Banking Industry 经济崩溃——对印度银行业的影响

Al-Barkaat Journal of Finance & Management Pub Date : 1900-01-01 DOI: 10.5958/2229-4503.2015.00015.6

R. Singh, Amit Gautam

{"title":"Economic Meltdown-Its Impact on Indian Banking Industry","authors":"R. Singh, Amit Gautam","doi":"10.5958/2229-4503.2015.00015.6","DOIUrl":"https://doi.org/10.5958/2229-4503.2015.00015.6","url":null,"abstract":"The Economic Meltdown was general economic decline observed in world markets around the end of the first decade of 21st century. Around the world stock markets had fallen, large financial institutions had collapsed or been bought out, and governments even the wealthiest nations have had to come up with rescue packages to bail out their financial systems. Current statistics demonstrates with the purpose of practically all the globe economies had been stirred by the recession though the large industrialized economies may have reached bottom and are now commencing towards resurgence. Banking Industry of India is inherently strong, operationally assorted and demonstrates competence and flexibility besides being sensitive to India's economic aims of developing a market oriented, industrious and viable economy. The amount of banking assets in India totalled US$ 1.8 trillion in FY 13 and is estimated to touch US$ 28.5 trillion in FY 25. Bank deposits have grown at a compound annual growth rate (CAGR) of 21.2 per cent over FY 06–13. In FY 13, total deposits were US$ 1, 274.3 billion. The revenue of Indian banks increased from US$ 11.8 billion to US$ 46.9 billion over the period 2001–2010. Profit after tax also arrived at US$ 12 billion from US$ 1.4 billion in this period. In the era of globalization, it would be rather idealistic to ascertain any industry in desolation, unaffected by the changes in the larger economic scenario. Financial crisis and economic recessions may likely curtail demand for banking services and the supply of quality banking services. The present paper will focus on the impact of economic meltdown on Indian banking industry, the underlying opportunities for the future growth and will also try to analyze some practical solutions to the problem.","PeriodicalId":324801,"journal":{"name":"Al-Barkaat Journal of Finance & Management","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126760440","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Causal Relationship Between Exchange Rate and Exports of SAARC Nations 汇率与南盟国家出口的因果关系

Al-Barkaat Journal of Finance & Management Pub Date : 1900-01-01 DOI: 10.5958/2229-4503.2018.00007.3

K. Abinaya, U. Jerinabi

引用次数: 1

The Effect and Influence of Country of Origin on Consumers Perception of Product Quality and Purchase Intention 原产国对消费者产品品质感知及购买意愿的影响与影响

Al-Barkaat Journal of Finance & Management Pub Date : 1900-01-01 DOI: 10.5958/2229-4503.2017.00007.8

Amit Gautam

{"title":"The Effect and Influence of Country of Origin on Consumers Perception of Product Quality and Purchase Intention","authors":"Amit Gautam","doi":"10.5958/2229-4503.2017.00007.8","DOIUrl":"https://doi.org/10.5958/2229-4503.2017.00007.8","url":null,"abstract":"Global firms expanded their manufacturing units around the world, the country of origin cue turn out to be more vital as customers regularly assess nature of product in view of the nation where the product is produced. Past studies demonstrated that consumer perceptions on country of origin assume a noteworthy part in impacting a buyer's decision of product. This paper reports on a study of Indian consumers’ perception towards foreign products, and in particular looks at how the country of origin effect influences their behavior. The study purposes to measure the perception of the Indian consumers on the Country of Origin effects. Brand perception matters very much in case of country of origin. If a product is made in China and the same product is made in Japan or USA. This thing also clicks in customer mind and somehow it affects the purchase decision of customer towards that product. The research findings correlate the consumer perception about the country of origin and the product quality. Results showed that Indian consumers are inclined to attribute higher quality to products made in developed countries. The results demonstrated that the normal Indian customer does not give emphasis on country of origin while purchasing the product. Other characteristics come first, especially its quality, innovative ability and cost.","PeriodicalId":324801,"journal":{"name":"Al-Barkaat Journal of Finance & Management","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129853969","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

Income Tax Law and Accounts Sahitya Bhawan Publication 57th Edition, 2016–17 所得税法和会计Sahitya Bhawan出版第57版，2016-17

Al-Barkaat Journal of Finance & Management Pub Date : 1900-01-01 DOI: 10.5958/2229-4503.2017.00011.X

S. A. Salar

引用次数: 0

Market Analysis of Emerging Fast Food Industry in Indian Cities 印度城市新兴快餐业的市场分析

Al-Barkaat Journal of Finance & Management Pub Date : 1900-01-01 DOI: 10.5958/2229-4503.2015.00013.2

Sarankumar Reddy Duvvuru, Rushina Singhi, Vanita Yadav

引用次数: 0

Information Asymmetry, IPO Grading& Pricing Efficiency: An Empirical Analysis of IPOs in India 信息不对称、IPO评级与定价效率:印度IPO的实证分析

Al-Barkaat Journal of Finance & Management Pub Date : 1900-01-01 DOI: 10.5958/2229-4503.2017.00012.1

A. Tripathi, Narayan Pandey

{"title":"Information Asymmetry, IPO Grading& Pricing Efficiency: An Empirical Analysis of IPOs in India","authors":"A. Tripathi, Narayan Pandey","doi":"10.5958/2229-4503.2017.00012.1","DOIUrl":"https://doi.org/10.5958/2229-4503.2017.00012.1","url":null,"abstract":"Researches in the past have clearly witnessed the evidence of underpricing of IPOs. Many efforts have been made to explain this phenomenon and ‘Information Asymmetry’ has been cited as one of the most significant causes. In 2006, SEBI introduced IPO grading as a technique of IPO certification, as a pioneer effort in the world and made it mandatory in May, 2007. It was emphasized by SEBI that it can reduce underpricing by curtailing the level of information asymmetry. The purpose of this certification process is to provide information to the individual investors regarding fundamentals of the issuer. SEBI again made IPO grading voluntary in February 2014 citing that IPO grading had failed to serve its pre stated objectives. SEBI alleged that correlation was found neither between grading and subscription nor between grading and post listing performance. This study aims at analysing whether the grading technique is helpful in reducing underpricing and assisting retail investors in better decision making. The data have been collected for 5 years from 2011–2015 for book built IPOs only. The first three years i.e. from 2011 to 2013 is the period when grading was mandatory and next two years i.e. 2014 & 2015 when grading was not mandatory. OLS regression analysis has been used for analysing this cross sectional data. The study reveals that higher graded IPOs are not better subscribed by retail investors. The paper also concluded that the under-pricing is not significantly different for graded and non graded IPOs but when only graded IPOs were analysed it was found that higher graded (with grade 4&5) IPOs witnessed lesser under-pricing. The authors are of the opinion that if retail investors would have been made more aware, the performance of the IPO grading may have been different as some of the studies show that the higher graded IPOs are better subscribed by institutional investors.","PeriodicalId":324801,"journal":{"name":"Al-Barkaat Journal of Finance & Management","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124584025","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Economic Liberalization and Pharmaceutical Sector in India: Risk Identification and its Assessment 经济自由化与印度制药业:风险识别及其评估

Al-Barkaat Journal of Finance & Management Pub Date : 1900-01-01 DOI: 10.5958/2229-4503.2016.00013.8

N. C. Roy, Basava Rajesh Beera

引用次数: 0

A Comparative Analysis of Profitability of SAIL and RINL SAIL和RINL盈利能力的比较分析

Al-Barkaat Journal of Finance & Management Pub Date : 1900-01-01 DOI: 10.5958/2229-4503.2014.00005.8

Akhilesh Shukla

引用次数: 0