The presence of seasonal effects in monthly returns has been reported in several developed and emerging stock markets. The objective of this study is to explore the interplay between the month-of-the-year effect and market crash effects on monthly returns in Indian stock markets. The study uses...

Asset-Liability Management (ALM) is concerned with strategic management of assets (uses of funds) and liabilities (sources of funds) of banks, against risks caused by changes in the liquidity position of the bank, interest rates, and exchange rates, and against credit risk and contingency risk....

A financial model is a model designed to represent in mathematical terms the relationships among the variables of a financial problem so that it can be used to make projections and/or answer ‘what if' questions. In particular, financial modeling can be combined with optimization modeling to...

Asset pricing theory is a framework designed to identify and measure risk, as well as to assign rewards for bearing risk. There is a general contention that the simple Capital Asset Pricing Model (CAPM) does not adequately describe stock return behavior; other macro-economic factors may also...

The banking sector has undergone a complex, but comprehensive phase of restructuring since 1991, with a view to make it sound, efficient, and at the same time forging its links firmly with the real sector for promotion of savings, investment and growth. Some improvement in the Indian banking...

The study analyzes the market behavior and causality effects between spot and futures prices in Indian commodity markets. The pattern is quite different for different commodities. Commodities that suffer from chronic backwardation should be analyzed in more detail, in order to understand the...

Globalization is the gradual disappearance of territorial differences in economic activities and therefore understanding cross-cultural customs and business practices, working on promoting efficiency and optimizing profitability in a globalized environment is of paramount importance for budding...

The post-global financial crisis outlook for the Indian information technology-enabled services (ITeS) sector is fraught with uncertainty. Several major information technology (IT) companies are in the process of corporate restructuring wherein their ITeS offshoots are being merged back with the...