This paper analyzes a tentative defined contribution plan, and compares it to the extant defined benefit plan. The analysis uses a general framework with different employee service assumptions and random investment returns to generate distributions for defined contribution plan accumulations and...

This study develops an investor utility approach to the concept that dividend payout is based upon firm conditions and management objectives. The empirical version reports significant elasticity propositions consistent with the life-cycle theory or the residual income model. A comparison of the...

Service sector in India has been growing at a rapid rate in recent years. Many view this as the service sector revolution, acting as an engine of economic growth of India. However, the sectoral transformation in the Indian economy has not been in tune with the structural transformation...

The Indian economy has been experiencing a major transformation since 1990's in the wake of unilateral economic reforms initiated since 1991 and the reorientation of the economy in accordance with the rules and regulations within the multilateral framework of GATT/WTO. Accordingly, the...