Journal of University of Shanghai for Science and Technology, 2020
It is significant for banking institutions to comprehend the challenges associated with volatilit... more It is significant for banking institutions to comprehend the challenges associated with volatility and spillover, which the present study intends to identify and offer a significant recommendation on the basis of the Indian Economic sector. In relation to the context, this study highlights the impact of volatility and spillover the banking sector studies them on the context of Indian Economy in a comprehensive way. In addition, the use of qualitative and quantitative analysis through a case study approach has been considered for the study in order to accomplish the overall objective of the study. This study would contribute towards the economy of the India in terms of the banking industry by analysing the impact of volatility and spillover in a detailed manner. In relation to the scope of the present study, certain objectives of the research are sorted out. It will help to explore the requisite challenges associated with volatility and spillover on the Indian banking sector. It will...
This paper examines the exposure of Indian Pharma Multinationals to foreign exchange risk. The st... more This paper examines the exposure of Indian Pharma Multinationals to foreign exchange risk. The study draws relationship between value of the firm and hedged foreign exchange exposure. The increased volatility in the global market arising to array of events from civil wars to BREXIT has increased the exchange rate risk faced by the companies. Foreign exchange risk management has become a crucial constituent of companies operations. The objective of this paper is to enquire in to foreign exchange exposure of pharmaceutical Sector in India; its measurement and the steps taken to manage it. In particular the paper would focus on measurement of Foreign Exchange exposure of Indian of pharmaceutical Sector, External Control techniques to manage Foreign Exchange Risk & Impact of the Internal Control techniques to manage Foreign Exchange Risk. The paper will be based on study of six listed Pharma companies two each from Large Cap, Mid Cap & Small Cap will selected from stock exchange (BSE). ...
The purpose of this case is to investigate the nature of conflicts that arise in a closely held f... more The purpose of this case is to investigate the nature of conflicts that arise in a closely held family business (CHFB) and to identify variables that ensure successful transition from one generation to the next. This case necessitates that in order to decide on the inheritance, a three-step process, prevention, management and resolution of conflict, is essential. It also highlights the gender bias in succession planning, ignoring the capabilities and competence of women in the family. Unstructured interviews around multiple stakeholders in the family business (FB) were taken identifying the core issues leading to conflicts. Triangulating with multiple sources or incumbents has reduced biases. It is observed that conflicts are inevitable within CHFBs. However, it is widely accepted that conflicts are paramount to forward progression both for the family and for the business, when it is constructive in nature. The case reflects the importance of understanding the critical issues around...
Microfinance has been accepted as a tool for poverty alleviation and financial inclusion in most ... more Microfinance has been accepted as a tool for poverty alleviation and financial inclusion in most of the countries. Understanding the need to bridge the gap in accessing credit facilities for the excluded sections of people,.From the community oriented pawn shops founded by Franciscan monks to Muhammad Yunus and Al Whittaker in 1970 the financial services to poor has evolved. Microfinance Institutions have provided a viable option for poor especially in rural areas where people find it difficult to avail financial services like micro credit, savings account etc. in absence of various documents and collateral. . Sustainability itself has to be seen in a broader sense than just financial sustainability. The sustainability of demand, of the MFI’s mission, of its ownership and governance structure and the legal and regulatory framework under which it works, are all contributory to overall here, the sustainability of an MFI by itself may not be enough unless a full-fledged micro-finance sector (MFS) is established on sustainable lines. In this paper authors have made an attempt to examine what comes in the way of making Indian MFIs sustainable and how can a good regulatory framework may facilitate this. Key Words: Microfinance, Sustainability, Regulatory Framework
In current scenario, behavioral finance plays an important role in investment decision making. In... more In current scenario, behavioral finance plays an important role in investment decision making. Investment decision has become a complex decision with the availability of investment choices, accessibility of information and increased size of the market. There are various options or choices available for the investors in the market while taking investment decisions. Decision making means final selection of the best alternatives which are available for the investors in the market; some investment decision are easy and other investment decision are the complex overconfidence bias among the investors of Lucknow. Overconfidence variables were identified with extensive literature review as self-attribution, optimism, better than average effect, miscalibration, illusion of control, trading frequency and trading experience. To identify the influence of these variables in investor's decision making, structured questionnaire based on 5 point Likert Scale was used. With relevant statistical tools, it was found that investors are overconfident about their investment decisions, skills, knowledge, ability to choose stocks, control of portfolio, future investment plans and views about the stock market. and require the multiple approach. The purpose of this study is to identify the presence of
Recent years have witnessed phenomenal growth in both the number and size of diversified equity m... more Recent years have witnessed phenomenal growth in both the number and size of diversified equity mutual funds in India. But performance of mutual fund in India has been volatile because of several macroeconomic factors. In the top-down approach to evaluate the investment in stock markets, economic risk tops the list and its importance cannot be understated. Principally performance of equity diversified mutual fund depends upon the stock market performance. The purpose of this study is to examine the impact of economic events on the risk-adjusted returns/performance of mutual funds in India using event study methodology. For the calculation of impact, Researcher has selected two mutual fund schemes (ICICI Prudential Balanced fund-Direct Plan-Growth & ICICI Prudential Dynamic-Direct Plan-Growth). This methodology addresses the problems of multiple event days and calendar clustering. The economic event considered for the research are recent global or cross border event (BREXIT-Britain Exit from the European Union.) and Domestic event (GST-Goods and Services Tax). For the event study the event window of 11 days (i.e. 5 business days before and 5 business days after the event day including event day) will consider for abnormal return and estimation window of 11 days consider for normal return. The time gap for Normal and Abnormal return is 180 days. The event date of BREXIT has taken 24 th June 2016 (National declaration of the European Union referendum result) and for GST has taken 03 rd August 2016 (GST Amendment Bill passed in Rajya Sabha). In the proposed research Endeavour, researcher's shall made an attempt to identify that holder of equity mutual funds may earn abnormal return in response to above mentioned events and in the given period of time.
Microfinance has been accepted as a tool towards poverty alleviation and financial inclusion in m... more Microfinance has been accepted as a tool towards poverty alleviation and financial inclusion in most of the countries. There is a need to bridge the gap between down trodden people and credit & finance facilities accessibility. Accessibility to finance and micro credit to the economically weaker section of the society has witnessed a evolution right from ancient period’s community oriented ‘Pawn Shops’ founded by Franciscan monks to the modern era’s Muhammad Yunus’s ‘Grameen Bnak’ revolution in Bangladesh.Microfinance Institutions have provided a viable option for economically weaker section, especially in rural areas where people find it difficult to avail financial services like micro credit, savings account etc. in absence of various documents and collateral. Sustainability in itself should be envisaged in a more comprehensive sense then just financial sustainability. Micro Finance Institutions (MFIs) need to access the viability of demand, its ownership, governance, and legal & regulatory framework as a whole. The sustainability of MFIs may not be sufficient unless a fully developed micro-finance sector is established on sustainable lines. An endeavour has been made by the author in the paper to appraise what comes in the way of making Indian MFIs sustainable and how can a good regulatory framework may facilitate this. Key Words: Microfinance, Sustainability, Regulatory Framework, Micro Credit, Financial Sustainability
Journal of University of Shanghai for Science and Technology, 2020
It is significant for banking institutions to comprehend the challenges associated with volatilit... more It is significant for banking institutions to comprehend the challenges associated with volatility and spillover, which the present study intends to identify and offer a significant recommendation on the basis of the Indian Economic sector. In relation to the context, this study highlights the impact of volatility and spillover the banking sector studies them on the context of Indian Economy in a comprehensive way. In addition, the use of qualitative and quantitative analysis through a case study approach has been considered for the study in order to accomplish the overall objective of the study. This study would contribute towards the economy of the India in terms of the banking industry by analysing the impact of volatility and spillover in a detailed manner. In relation to the scope of the present study, certain objectives of the research are sorted out. It will help to explore the requisite challenges associated with volatility and spillover on the Indian banking sector. It will...
This paper examines the exposure of Indian Pharma Multinationals to foreign exchange risk. The st... more This paper examines the exposure of Indian Pharma Multinationals to foreign exchange risk. The study draws relationship between value of the firm and hedged foreign exchange exposure. The increased volatility in the global market arising to array of events from civil wars to BREXIT has increased the exchange rate risk faced by the companies. Foreign exchange risk management has become a crucial constituent of companies operations. The objective of this paper is to enquire in to foreign exchange exposure of pharmaceutical Sector in India; its measurement and the steps taken to manage it. In particular the paper would focus on measurement of Foreign Exchange exposure of Indian of pharmaceutical Sector, External Control techniques to manage Foreign Exchange Risk & Impact of the Internal Control techniques to manage Foreign Exchange Risk. The paper will be based on study of six listed Pharma companies two each from Large Cap, Mid Cap & Small Cap will selected from stock exchange (BSE). ...
The purpose of this case is to investigate the nature of conflicts that arise in a closely held f... more The purpose of this case is to investigate the nature of conflicts that arise in a closely held family business (CHFB) and to identify variables that ensure successful transition from one generation to the next. This case necessitates that in order to decide on the inheritance, a three-step process, prevention, management and resolution of conflict, is essential. It also highlights the gender bias in succession planning, ignoring the capabilities and competence of women in the family. Unstructured interviews around multiple stakeholders in the family business (FB) were taken identifying the core issues leading to conflicts. Triangulating with multiple sources or incumbents has reduced biases. It is observed that conflicts are inevitable within CHFBs. However, it is widely accepted that conflicts are paramount to forward progression both for the family and for the business, when it is constructive in nature. The case reflects the importance of understanding the critical issues around...
Microfinance has been accepted as a tool for poverty alleviation and financial inclusion in most ... more Microfinance has been accepted as a tool for poverty alleviation and financial inclusion in most of the countries. Understanding the need to bridge the gap in accessing credit facilities for the excluded sections of people,.From the community oriented pawn shops founded by Franciscan monks to Muhammad Yunus and Al Whittaker in 1970 the financial services to poor has evolved. Microfinance Institutions have provided a viable option for poor especially in rural areas where people find it difficult to avail financial services like micro credit, savings account etc. in absence of various documents and collateral. . Sustainability itself has to be seen in a broader sense than just financial sustainability. The sustainability of demand, of the MFI’s mission, of its ownership and governance structure and the legal and regulatory framework under which it works, are all contributory to overall here, the sustainability of an MFI by itself may not be enough unless a full-fledged micro-finance sector (MFS) is established on sustainable lines. In this paper authors have made an attempt to examine what comes in the way of making Indian MFIs sustainable and how can a good regulatory framework may facilitate this. Key Words: Microfinance, Sustainability, Regulatory Framework
In current scenario, behavioral finance plays an important role in investment decision making. In... more In current scenario, behavioral finance plays an important role in investment decision making. Investment decision has become a complex decision with the availability of investment choices, accessibility of information and increased size of the market. There are various options or choices available for the investors in the market while taking investment decisions. Decision making means final selection of the best alternatives which are available for the investors in the market; some investment decision are easy and other investment decision are the complex overconfidence bias among the investors of Lucknow. Overconfidence variables were identified with extensive literature review as self-attribution, optimism, better than average effect, miscalibration, illusion of control, trading frequency and trading experience. To identify the influence of these variables in investor's decision making, structured questionnaire based on 5 point Likert Scale was used. With relevant statistical tools, it was found that investors are overconfident about their investment decisions, skills, knowledge, ability to choose stocks, control of portfolio, future investment plans and views about the stock market. and require the multiple approach. The purpose of this study is to identify the presence of
Recent years have witnessed phenomenal growth in both the number and size of diversified equity m... more Recent years have witnessed phenomenal growth in both the number and size of diversified equity mutual funds in India. But performance of mutual fund in India has been volatile because of several macroeconomic factors. In the top-down approach to evaluate the investment in stock markets, economic risk tops the list and its importance cannot be understated. Principally performance of equity diversified mutual fund depends upon the stock market performance. The purpose of this study is to examine the impact of economic events on the risk-adjusted returns/performance of mutual funds in India using event study methodology. For the calculation of impact, Researcher has selected two mutual fund schemes (ICICI Prudential Balanced fund-Direct Plan-Growth & ICICI Prudential Dynamic-Direct Plan-Growth). This methodology addresses the problems of multiple event days and calendar clustering. The economic event considered for the research are recent global or cross border event (BREXIT-Britain Exit from the European Union.) and Domestic event (GST-Goods and Services Tax). For the event study the event window of 11 days (i.e. 5 business days before and 5 business days after the event day including event day) will consider for abnormal return and estimation window of 11 days consider for normal return. The time gap for Normal and Abnormal return is 180 days. The event date of BREXIT has taken 24 th June 2016 (National declaration of the European Union referendum result) and for GST has taken 03 rd August 2016 (GST Amendment Bill passed in Rajya Sabha). In the proposed research Endeavour, researcher's shall made an attempt to identify that holder of equity mutual funds may earn abnormal return in response to above mentioned events and in the given period of time.
Microfinance has been accepted as a tool towards poverty alleviation and financial inclusion in m... more Microfinance has been accepted as a tool towards poverty alleviation and financial inclusion in most of the countries. There is a need to bridge the gap between down trodden people and credit & finance facilities accessibility. Accessibility to finance and micro credit to the economically weaker section of the society has witnessed a evolution right from ancient period’s community oriented ‘Pawn Shops’ founded by Franciscan monks to the modern era’s Muhammad Yunus’s ‘Grameen Bnak’ revolution in Bangladesh.Microfinance Institutions have provided a viable option for economically weaker section, especially in rural areas where people find it difficult to avail financial services like micro credit, savings account etc. in absence of various documents and collateral. Sustainability in itself should be envisaged in a more comprehensive sense then just financial sustainability. Micro Finance Institutions (MFIs) need to access the viability of demand, its ownership, governance, and legal & regulatory framework as a whole. The sustainability of MFIs may not be sufficient unless a fully developed micro-finance sector is established on sustainable lines. An endeavour has been made by the author in the paper to appraise what comes in the way of making Indian MFIs sustainable and how can a good regulatory framework may facilitate this. Key Words: Microfinance, Sustainability, Regulatory Framework, Micro Credit, Financial Sustainability
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Papers by Amit Sinha
Sustainability itself has to be seen in a broader sense than just financial sustainability. The sustainability of demand, of the MFI’s mission, of its ownership and governance structure and the legal and regulatory framework under which it works, are all contributory to overall here, the sustainability of an MFI by itself may not be enough unless a full-fledged micro-finance sector (MFS) is established on sustainable lines. In this paper authors have made an attempt to examine what comes in the way of making Indian MFIs sustainable and how can a good regulatory framework may facilitate this.
Key Words: Microfinance, Sustainability, Regulatory Framework
Sustainability in itself should be envisaged in a more comprehensive sense then just financial sustainability. Micro Finance Institutions (MFIs) need to access the viability of demand, its ownership, governance, and legal & regulatory framework as a whole. The sustainability of MFIs may not be sufficient unless a fully developed micro-finance sector is established on sustainable lines. An endeavour has been made by the author in the paper to appraise what comes in the way of making Indian MFIs sustainable and how can a good regulatory framework may facilitate this.
Key Words: Microfinance, Sustainability, Regulatory Framework, Micro Credit, Financial Sustainability
Sustainability itself has to be seen in a broader sense than just financial sustainability. The sustainability of demand, of the MFI’s mission, of its ownership and governance structure and the legal and regulatory framework under which it works, are all contributory to overall here, the sustainability of an MFI by itself may not be enough unless a full-fledged micro-finance sector (MFS) is established on sustainable lines. In this paper authors have made an attempt to examine what comes in the way of making Indian MFIs sustainable and how can a good regulatory framework may facilitate this.
Key Words: Microfinance, Sustainability, Regulatory Framework
Sustainability in itself should be envisaged in a more comprehensive sense then just financial sustainability. Micro Finance Institutions (MFIs) need to access the viability of demand, its ownership, governance, and legal & regulatory framework as a whole. The sustainability of MFIs may not be sufficient unless a fully developed micro-finance sector is established on sustainable lines. An endeavour has been made by the author in the paper to appraise what comes in the way of making Indian MFIs sustainable and how can a good regulatory framework may facilitate this.
Key Words: Microfinance, Sustainability, Regulatory Framework, Micro Credit, Financial Sustainability