Extant literature is not unequivocal about IPO pricing. It is almost silent about the misallocation in the capital market. IPO pricing is mostly argued from the point of view of listing gains/losses.This paper seeks to explain the process and outcomes of IPO pricing in the capital market with...

Extant studies treat the impact of entry on concentration and market structure mechanically; with some going further to naively identify fall in concentration as the cause of competition. It is the intention of this paper to critically examine these contentions by studying trends and...

The sub prime crisis in US is the result of excessive amounts of loans made to people who could not afford them and excessive amounts of money thrown into the mortgage arena by investors who were very eager for high return. The crisis represents the other side of a phase when a low rate of...

Using an appropriate theoretical framework and econometric methodology, the study has sought to measure and model competition in private banking industry in India in an attempt to analyse the process of market dynamics in the industry. The changing scenario of private banking consequent to...

Concepts evolve through time and over time they assume different meanings. The concept of competition is no exception. This paper discusses the evolution of the concept of competition in general with a view to derive a theoretical framework for analyzing competition in banking industry. Starting...

This paper argues that the University system is under great pressure from industry (society) to deliver such finished products (graduates) from its system so as to be directly absorbed into industry and that too at a mass scale and in a short period of time.For this the University system has to...

The policy of allocation of food grains under rationing has been very ad hoc in India with allocation being fixed on a 'historical basis'. This paper uses four sets of pooled equations for predicting stable levels of per capita consumption of rice and wheat in physical terms in rural and urban...

This paper is amongst the first to investigate weak-form efficiency of the most developed (G-20) countries in the world. It also measures the impact of the 2007 financial crisis on the stock markets of these countries, in terms of their efficiency. Serial correlation test, ADF unit root test, Lo...

Foreign direct investment (FDI) inflows are driven by both home country and host country conditions. It is for the host country to provide a conducive environment to FDI. Many developing Asian economies, including India, have redesigned their tax systems to make them internationally competitive....

Volatility forecasting has been widely debated in empirical finance, nevertheless, studies examining issues in volatility and their resolution through various models has received a scant attention. Therefore, the present study which is purely a review work aims to elucidate volatility stylised...