In explaining the dynamics of corporate Reserve Debt Capacity (RDC) at its utilization and creation of the high-risk and low-risk RDC by the high-value and low-value firms, the present paper seeks to put forward a new theory in literature. Utilizing the concept of suboptimality at firms’...

This paper seeks to ascertain whether shocks to hedge fund returns are permanent or temporary by using M1 and M2 unit root procedures advanced by Narayan and Popp. In addition, the paper implements the GARCH-based unit root test developed by Liu and Narayan. These procedures allow for two...

Domestic and export demand of Guar Seed and its derivative Guar Gum has increased phenomenally due to its application in multi-billion dollar shale energy industry in the US. To examine the performance of Guar Seed futures market, its efficiency and price discovery is tested in the present study...

This paper empirically investigates the stock price dynamics implied by the valuation model proposed by Schwartz and Moon (2001) for growth companies. We test the hypothesis that the inherent stochastic process for the firm equity value better describes the actual dynamics than standard...

The study examines the dividend substitution effect of share repurchase decisions of firms in India. According to dividend substitution hypothesis, firms use funds ordinarily meant for dividend payment to buy back shares. The year-wise analysis of dividends reveals that dividends are not lower...