Some studies show that the performance of option strategies with stock portfolios could depend on other factors or on market conditions. Benninga and Blume (1985) analyzed the optimality of portfolio insurance in complete and incomplete markets, and found that buying put option may be optimal...

The recent financial crisis has highlighted the need for an integrated risk management system addressing all the strategic issues. Perhaps the biggest challenge lays in overcoming the human tendency of greed which resists us from abiding by the boundaries drawn by risk management models. With...

The present paper deals with the tax structure of house rent allowance (HRA) and procurement of real estate in India. HRA forms a popular basis of compensating employees in India - both in public and private sectors. HRA attracts personal taxation from Income Tax point of view. Although there...

In July 2010, the management of Reliance Power Ltd and Reliance Natural Resources Ltd. announced merger of the two companies and the share exchange ratio was later set at 1:4. Much has been talked and written in financial press on the validity of this swap ratio. In the present study, we have...

Anything that deviates from the normal is termed as risk. This definition looks simple but in real sense breaking it down into components is the most difficult thing. Analysis of what is “normal” and what is “abnormal” and also the measure for deviation is what researchers are exploring...

Today mutual funds represent the most appropriate opportunity for most small investors. As financial markets become more sophisticated and complex, investors need a financial intermediary who provides the required knowledge and professional expertise on successful investing. It is no wonder then...

Derivatives, such as futures or options, are financial contracts which derive their value from a spot price, which is called the “underlying”. Derivative products like index futures, stock futures, index options and stock options have become important instruments of price discovery,...

All in Smoke Ltd (AIS Ltd), 100% export oriented unit (EOU) and in the manufacturing business of tobacco and cigarette, is a wholly-owned subsidiary of its listed parent firm. The parent firm, a sizable player in the same industry with a number of well-known brands in its portfolio, has recently...