This paper examines the effect of formal financial intermediation (inclusion) on informal financial intermediation and use of cash for economic activities. Using data from the Global Findex 2014, we examine whether the use of formal financial intermediaries reduces cash preference and the use of...

This paper examines the effect of formal financial intermediation (inclusion) on informal financial intermediation and use of cash for economic activities. Using data from the Global Findex 2014, we examine whether the use of formal financial intermediaries reduces cash preference and the use of...

This article analyzed the presence of long memory in volatility in 5 Asian equity indices namely SENSEX, CNIA, NIKKEI225, KO11 and FTSTI, using 5 minutes intraday return series ranging from 05-jan-2015 to 06-Aug-2015. The study employed ARFIMA-FIGARCH model and ARFIMA-APARCH model and compared...

The idea that companies service a wide range of stakeholders dates back to the 19th Century but has gained increasing traction in more recent times. The question is what to do where the corporate sector fails to keep pace with societal expectations. The response of the Indian government was to...

Research question: This paper empirically examines the impact of corporate governance reforms on the financial performance of Indian state-owned enterprises (SOEs) for the period 2003–2011.Research findings/insights: The findings indicate that the various corporate governance reforms...

This paper investigates the short-term stock market reaction to the announcement of outward foreign direct investment related Mergers and Acquisitions (M&As) by Indian companies. A new trend in India evident since 2005 is the increasing number of Indian corporates becoming global players,...

The purpose of this paper is to illustrate the emergence of giant global organisations in India and how the forces of globalisation have changed the merger and acquisitions activities of Indian companies. We examine the changes in government policy, their impacts on FDI, and the most significant...

The article focuses on the agency cost of Indian banks. The researchers have worked on data covering a data period from 2005 to 2013 which covers the pre-crisis, crisis and post-crisis period. Two proxies for agency cost have been taken to arrive at conclusions after applying appropriate tests....