The last two decades have witnessed that countries across the world are guided by the rules and regulations of multilateral trading institutions (for example, World Trade organization [WTO], International Monetary Fund [IMF]) in order to promote free and fair trade through gradual reduction in...

The Law of Proportionate Effect depicts that firm’s growth rate is independent of its size; Gibrat (1931). Some of the existing studies support the Gibrat’s Law: Hymer and Pashigian (1962), Mansfield (1962), among others. However, Gale (1972), Shepherd (1972) and recently Punnose (2008)...

This paper explores the impact of M&A on technical efficiency of Indian commercial banks during the second decade of reforms. We use DEA to compute the relative technical efficiency of banks that participated in M&A activities. The technical efficiency is computed under both 'common' and...

This paper examines selected components of social security system in India and compares them with their OECD counterparts. Historically, the Indian policy makers have viewed the pension system as a welfare measure and therefore, it lacks in financial professionalism, diversification, and in the...

Futures have been recently introduced to cater the needs of investors and fill up the existing gaps in stock market. Studies show that, in the long-run, futures introduction does not have any effect on the spot market; however, in the short-run volatility in the spot market increases; Paudyal et...

Software cross-licensing on the internet has very diferent characteristics in comparison to hardware interconnection. The basic aim of this study is to highlight a few aspects of software licensing arrangements. The analytical approach developed here can explain the observed patterns of content...

The paper models alternative investment-accelerator relationships within the neoclassical theory of Jorgenson followed by firm level panel data estimation and empirical test for other determinants of corporate investment e.g., internal liquidity, profitability, and firms’ financial strength....

Rural households tend to rely heavily on climate-sensitive resources. Climate Change can reduce the availability of these local natural resources, limiting the options for rural households that depend on natural resources for consumption or economic activities. During and after the climate...

The problem of mitigating climate change has continued to dominate public debates in terms of its origin, sources, potential impacts and possibly adaptation strategies. In this paper, the contributions of energy to the climate change debate are explored. The analysis based on the secondary...

This paper attempts to construct a picture of socioeconomic context of vulnerability by focusing on indicators that measure both the state of development of the region as well as its capacity to progress further. The first aspect is reflected through agricultural and industrial development,...