The objective of this paper is to study and compare the debt financing decisions and practices of the public sector, private sector and foreign controlled companies in India. It also finds out the impact of the liberalized environment, in terms of the significant changes, if any, in the phase-2...

This paper investigates the behavior of stock returns and volatility in 10 emerging markets and compares them with those of developed markets under different measures of frequency (daily, weekly, monthly and annual) over the period January 1, 2002 to December 31, 2006. The ratios of mean return...

The main purpose of this paper is to compare the performance of portfolio strategies, comprising investments in emerging markets alone, and those strategies of combining investment in emerging and developed markets. The major finding of this paper is: the portfolio strategy combining investment...

The development of Internet as a service delivery medium has gained ascendancy in recent years. In developing economies, where Internet usage is restricted to an elite few, the potential for e-service delivery channels is being recognized immensely. Online travel services are being accepted as a...

Compatibility between asset and liability structures of a bank is necessary to maintain adequate liquidity, enhance profitability, and control risk within acceptable limits. Coordinated management of the two has assumed special significance with growing competition, complexity and risk in the...

The present article examines the short-run abnormal returns to India based mergers and acquisitions during 2003–2008 by using event study methodology. The present work is based on a sample of 623 mergers and acquisitions. We find that acquisitions by Indian companies significantly create...

Developed financial system is one of the important determinants of Foreign Direct Investment (FDI). The article analyzes the impact of financial system development on FDI with respect to BRIC countries for the period 1991 to 2010. Using the panel data analyses, fixed and random effect, our...

Indian apparel exporting firms have proved their competitiveness in some market segments in recent years. Global trade in apparel is likely to change significantly due to major changes in the international business environment. The paper takes a view that Indian apparel export firms will have...

The management of current assets (CA) such as cash, marketable securities, inventory and debtors, etc. is a vital aspect of corporate finance. These assets must be managed efficiently in order to maintain the liquidity of the firm while also ensuring that they are not kept at high levels either....

This paper examines the technical efficiency and productivity of 81 firms of the Indian pharmaceutical industry. The study found that technical efficiency and productivity are higher in the product patent regime than in the process patent regime. The analysis of Malmquist productivity index...