Iqbal Thonse Hawaldar

• MBA, MCom., PhD
• Professor (Full) at Kingdom University

THE OUTBREAK OF THIS PANDEMIC IS AN UNFAMILIAR SHOCK TO THE WHOLE INDIAN ECONOMY AS WELL, AND AS A RESULT THE INDIAN STOCK MARKET IS SEVERELY AFFECTED TOO. AS THE FINANCIAL MARKETS ARE AFFECTED BY THE PANDEMIC, THE STOCK PRICES OF INDIAN BANKS CANNOT BE THE EXCEPTIONAL ONE. IT IS INTERESTING TO KNOW WHETHER EFFECTIVE FORECASTING OF STOCK PRICES OF...

This paper investigates the linkage between the spot and futures markets of rubber globally. The daily spot price data of rubber in India, Malaysia and Thailand from 4 th January 2016 to 2 nd November 2022 have been collected from the website of the Association of Natural Rubber Producing Countries (ANRPC); for the same period, the rubber future da...

This study aims to understand the factors that influence millennial Muslims in South Tangerang's intention to donate cash, by applying the Extended Theory of Planned Behaviour (ETPB) approach. This research involves analysis using the SmartPLS tool to evaluate the role of attitude, subjective norms, perceived behavioral control, and moral obligatio...

The article extends the empirical literature on overconfidence bias in G7 stock markets during pre- and post-COVID-19 and provides additional evidence. Using vector autoregression and impulse response functions (IRFs), we analyze the overconfidence bias for the daily data from January 2015 to December 2021. Because the pertinent coefficients are po...

Waiting is a ubiquitous constituent of many purchase situations. This research investigates the emotional discomfort experienced by customers visiting retail stores in India throughout the checkout process, focusing on three distinct phases: before joining the queue, while waiting, and during billing. The study examines the circumstances and underl...

This study aimed to examine the opportunity for arbitrage in Indian energy equity futures. Contract-wise historical spot and futures data were gathered for ten selected energy companies. The cost of carry model was used to compute the theoretical values of the futures. To generalize the results, the T-test was applied, and the run test was used to...

The advent of Industry 4.0 presents a spectrum of challenges for entrepreneurs in India, demanding specific skills and resources. Within this transformative landscape, engineering disciplines assume a pivotal role in navigating the complexities of the new industrial revolution yet pose challenges in instilling entrepreneurial skills. While universi...

Enhancing education quality and quality assurance (QA) have emerged as the 21st-century higher education (HE) reform's most defining concern. Assessments and student learning outcomes (SLOs) provide the clearest indication of the quality of HE. It is a crucial component and the starting point for educational evaluation, which is essential for keepi...

The concurrent effects of customer predispositions, customer engagement behaviour (CEB) and self-brand connections(SBC) on loyalty are less understood. This article will examine how relationship quality and consumer predispositions (self-concept, brand communal focus) affect loyalty, with customer engagement behaviour and self-brand connection acti...

This conceptual chapter delves into the world of robo advisory, a disruptive technological innovation in modern finance that combines artificial intelligence (AI) and automation to deliver financial advisory services. The chapter explores the key components of robo advisory systems, including algorithmic trading, portfolio construction, risk manage...

In recent times, the prediction of stock market volatility has emerged as a central focus in the domain of financial econometrics. This paper presents an empirical analysis aimed at modelling the volatility of the Indian stock market, particularly focusing on the NSE NIFTY 50, by utilizing various GARCH models. The investigation explores the volati...

The domestic textiles and apparel industry stood at $152 billion in 2021, growing at a CAGR of 12% to reach $225 billion by 2025. The textiles and apparel industry in India has strengths across the entire value chain from fibre, yarn, and fabric to apparel. On the other hand, many FinTech companies gained enough importance and attention during the...

The Indian IPO market showcased resilience during the global stock market downturn in 2022, emerging as a notable bright spot in regions such as Europe, the Middle East, India, and Africa. As the bullish rally of 2022 persists, Indian stock markets remain enticing for foreign institutional investors in 2023. A resurgence in IPO activity is anticipa...

The Indian IPO market showcased resilience during the global stock market downturn in 2022, emerging as a notable bright spot in regions such as Europe, the Middle East, India, and Africa. As the bullish rally of 2022 persists, Indian stock markets remain enticing for foreign institutional investors in 2023. A resurgence in IPO activity is anticipa...

The dynamic relationship between stock returns and trading volumes is examined during normal and crisis periods by a combining the Bai-Perron structural break test with Granger Causality test. The daily price and volume data of 4 important indices and Nifty Fifty index based companies listed on the National Stock Exchange of India Limited (NSE) are...

The Internet is an integral part of every individual and is a means of business transaction, leading to the immense growth of e-commerce in all sectors. This research study evaluates the significance of attitude as a mediating variable between behavioural intention and overall satisfaction in apparel shopping using Partial Least Square – Structural...

THE PURPOSE OF THIS STUDY IS TO ASSESS THE EFFICACY OF THE DIGITALIZATION IN HIGHER EDUCATION OF BIHAR DURING THE LOCKDOWNS OF COLLEGES AND UNIVERSITIES DUE TO COVID-19 PANDEMIC AND TO FIND WHETHER GENDER, COURSE OPTED, STREAM OF STUDY, MEDIUM OF STUDY, RESIDENTIAL AREA, FAMILY INCOME LEVEL, ONLINE CLASS ATTENDED, ACTUAL TIME SPENT ON USING INTERNE...

Various rubber products are used in the textile industry. Due to increased foreign supply and synthetic rubber production, the price of natural Rubber in India has become more volatile. This paper aims to develop an appropriate model to predict the weekly price using the Box Jenkins methodology. The weekly price for Indian RSS-1 Rubber for the samp...

The recent global pandemic impacted stock markets worldwide, including developed and emerging markets. This paper investigates changes in volatility from a sample of daily returns ofFTSE100, DAX and CAC for the UK, Germany, and France, respectively. We test the fitness of GARCH (1, 1) to model the volatility, measure the interrelationship between s...

The study uses wavelet power spectrum and wavelet coherence transformation methodologies to examine how geopolitical risk affected the returns on stocks, oil, and gold during the GFC, COVID-19, and Russia-Ukraine war-three disruptive events that affected the world’s financial markets. For better diversification benefits during the turbulent times,...

The efficient planning, execution, and management of institutional frameworks for climate change adaptation are essential to sustainable development. India, in particular, is known to be disproportionately vulnerable to the consequences of climate change. This study examines the effects of environmental taxes, corruption, urbanization, economic gro...

The present study determines the impacts of different types of green intellectual capital such as green human capital, green structural capital, and green relational capital on environmental sustainability in the Sultanate of Oman. It has become a crucial aspect to analyze the effect of green intellectual capital on ecological sustainability. A sim...

One of the prominent types of calendar anomalies includes holiday effects, where stocks show abnormally higher mean returns on the days prior to holidays in comparison to other trading days. The current study investigates the existence of holiday effects in the stock exchanges of the Gulf Cooperation Council, namely, Kuwait, Bahrain, Qatar, Oman, S...

This research makes an attempt to understand various factors that influence the adoption of mobile applications. Within the context of the “Unified theory of acceptance and use of technology” (UTAUT) modified model, considering the upcoming demand and increase in demand for mobile-banking applications, the researcher tried to explore the theoretica...

Purpose The purpose of the present study is to identify the determinants of continuance intentions to use FinTech peer-to-peer (P2P) payments apps in India. Design /methodology: A cross-sectional survey of 463 FinTech users was carried out during the pandemic with the help of a digital questionnaire. The study has empirically tested an extended ex...

This study aimed to analyze the normal and abnormal loss of a jeans manufacturing company in India. Personal interviews and observation methods are used in this study. Abnormal loss in quantity and rupee value is computed for 40 days of production based on the observed data. Mean abnormal losses are computed and one sample t-test is applied to test...

This paper aims to empirically test the impact of entrepreneurial competencies on the performances of SMEs in Bangladesh. The data are obtained from 115 entrepreneurs by a structured questionnaire. The partial least square structural equation modeling (PLS-SEM) method is applied to find the causal relationship between exogenous and endogenous varia...

This paper aims to empirically test the impact of entrepreneurial competencies on the performances of SMEs in Bangladesh. The data are obtained from 115 entrepreneurs by a structured questionnaire. The partial least square structural equation modeling (PLS-SEM) method is applied to find the causal relationship between exogenous and endogenous varia...

In the era of fintech, businesses using technology other than traditional banks are providing financial services. Crowdfunding and peer-to-peer (P2P) lending are two of the most exciting financial innovations of the twenty-first century. In this paper, we use a bibliometric review and meta-analysis to understand the academic research on crowdfundin...

The purpose of the present study was to explicate the factors determining customers’ intention to use budgeting apps since the outbreak of COVID-19 pandemic. A cross-sectional survey in South India was conducted to collect data from 285 FinTech users. The data were analyzed using partial least square regression to estimate path coefficients and the...

This study aims to determine the impact of banking efficiency on the profitability of the Indian banking division. The ratios (key variables) used in the study are mentioned by the Reserve Bank of India-RBI (Central bank of India). Through a quantitative approach, pooled panel regression , univariate analysis, correlation, and descriptive statistic...

AUTHORS Vinish P Prakash Pinto Iqbal Thonse Hawaldar M. M. Munshi ARTICLE INFO Vinish P, Prakash Pinto, Iqbal Thonse Hawaldar and M. M. Munshi (2022). Coping emotional discomfort at retail checkout: Potential distractions and implications. Abstract Retail customers often wait to complete their purchases during the checkout process. Prior research s...

The textile sector in India is the oldest manufacturing sector. As the raw materials for this sector are sourced from the petrochemical industries, the earnings of Indian textile companies are dependent on the crude oil price. The crude price in the international market has become more volatile and hence, the equity price of Indian textile companie...

The research on Related Party Transactions (R.P.T.s) shows that the impact of R.P.T.s is context dependent and there is no consensus on the findings of available studies. This study aims to examine the impact of R.P.T.s on firm value in Indian context and the interaction effect of governance mechanism on the relationship between R.P.T.s and firm va...

Access to clean drinking water is essentially required for human existence. It is a formalized fact that contaminated drinking water poses a serious threat to human life as the endowment of unpolluted drinking water to Pakistan’s inhabitants is the local government’s foremost duty. Thus, to conquer this purpose, the local government, with the coord...

The textile sector in India is the oldest manufacturing sector. As the raw materials for this sector are sourced from the petrochemical industries, the earnings of Indian textile companies are dependent on the crude oil price. The crude price in the international market has become more volatile and hence, the equity price of Indian textile companie...

The study aims to examine the existence of a correlation between the stock prices of the energy sector, commodities prices of the energy sector, and market indices. The study uses an empirical approach to develop various VAR (Vector Autoregression) with Variance Decomposition Models for each company under the energy sector indexed in NIFTY50 by con...

In emerging economies, examining the linkage between different markets has become crucial. We have examined the linkage between crude oil and Indian oil exploration companies' equity prices. The augmented Dickey-Fuller method is used to test the stationarity of the series. The Granger causality test, Vector autoregression (VAR) and correlation meth...

In emerging economies, examining the linkage between different markets has become crucial. We have examined the linkage between crude oil and Indian oil exploration companies' equity prices. The augmented Dickey-Fuller method is used to test the stationarity of the series. The Granger causality test, Vector autoregression (VAR) and correlation meth...

In emerging economies, examining the linkage between different markets has become crucial. We have examined the linkage between crude oil and Indian oil exploration companies’ equity prices. The augmented Dickey-Fuller method is used to test the stationarity of the series. The Granger causality test, Vector autoregression (VAR) and correlation meth...

The waiting line is an essential element in the consumer's assessment of the overall shopping experience. Perceived idle time while waiting in the queue exaggerates the negative response to wait duration and affects the overall customer satisfaction. The store employees find it hard to muddle through peak hours and deal with the demand for a speedy...

This study aims at developing econometric models to manage the price risk of Dry and Wet Cocoa beans with the help of ARIMA (Autoregressive Integrated Moving Average) and VAR (Vector Auto Regressive). The monthly price of Cocoa beans is collected for the period starting from April 2009 to March 2020 from the office of CAMPCO Limited, Mangalore, and...

This study examines the antecedents/determinants of behavioral intentions toward the utilization of Islamic financial technology for Middle Eastern customers. The study applied structural equation modeling (PLS-SEM). After robust research efforts were invested in the identification of factors, they and were converted into measures, and the results...

The study aims to determine the impact of Capital Adequacy Ratio, Credit Losses Ratio and Efficiency Ratio on the two significant profitability ratios, namely Return on Assets (ROA) and Return on Equity (ROE), during the pandemic. Panel Data Regression is used to model the effects of Capital Adequacy, Credit Losses and Efficiency Ratio on Return on...

This paper investigates volatility spillovers in the stock market in Japan during the COVID-19 pandemic by using GARCH family models. The empirical analysis is fo-cused on the dynamics of the NIKKEI 225 stock market index during the sample period from July 30, 1998, to January 24, 2022. In other words, the sample period covers both the period of th...

This paper investigates volatility spillovers in the stock market in Japan during the COVID-19 pandemic by using GARCH family models. The empirical analysis is focused on the dynamics of the NIKKEI 225 stock market index during the sample period from July 30, 1998, to January 24, 2022. In other words, the sample period covers both the period of the...

This research paper analyses the impact of COVID-19 to investigate the overconfidence bias in 12 cyclical and defensive sectors in pre- and during COVID-19 periods using daily data from 1 January 2015 to 31 December 2020. The results of VAR show that in the pre COVID-19 phase overconfidence bias is more prevalent in all the cyclical sectors; in par...

Agriculture should no longer be isolated because it is such a significant sector in India. Agriculture dominates the economy in Karnataka, India. Farmers that are 18 to 20 years old are actively involved in farming. Farmers, on average, have committed suicide between the ages of 35 and 45 all across India. Non-availability of credit, inferior input...

The major aim of this empirical study is to estimate the volatility time series returns for a cluster of international stock markets, such as: Switzerland, Austria, China and Hong Kong. The paper demonstrates statistical modeleling in order to capture volatility clusters and changes in long and short term volatility impact. The econometric approch...

The emerging-market banking sector plays a significant role in modern-day banking sector stability. In this study, we have used the dynamic conditional correlation (DCC) version of the Generalised autoregressive conditional heteroscedasticity (GARCH) model to estimate the correlation among Emerging Markets (BANKSEK), Latin America (BANKSLA), Brazil...

COVID-19 has changed the way we live, communicate and work, as well as altering our feelings. The higher education sector, alongside other sectors, has been severely affected by the pandemic and its serious repercussions. Academic and teaching staff have had to work from home and convert to online teaching, a change which has been met with both neg...

Distress in online classrooms and problematic internet use are two issues that have caused student burnout and affected perceived learning during the COVID-19 pandemic. Given the high pressure placed on students throughout COVID-19, it is critical to understand the influence of problematic internet use (PIU), psychological stress, academic burnout,...

South Asia has seen a digital revolution in recent years. The number of persons who use the internet has risen drastically. They use it for shopping, social media and online sales. However, there exists a literature gap as far as the effect of outbound digital marketing in B2B markets is concerned. The research builds a model based on brand and con...

The study examines the vital connection between stock returns and oil price changes for oil exporting/importing countries separately. We present evidence employing granger causality, impulse response and error variance decomposition based on panel vector autoregression. The results of panel granger causality suggested that after oil price crash owi...

Waiting involves both cognition and emotions. It has a bearing on the overall perception of retail service quality. The advancement in retailing has triggered scholarly conversations on the psychological impact of waiting at the retail checkout. Prior studies confirm customers being deeply involved in the passage of time and time estimation during...

The Capital Asset Pricing Model (henceforth, CAPM) is considered an extensively used technique to approximate asset pricing in the field of finance. The CAPM holds the power to explicate stock movements by means of its sole factor that is beta co-efficient. This study focuses on the application of rolling regression and cross-sectional regression t...

The Capital Asset Pricing Model (henceforth, CAPM) is considered an extensively used technique to approximate asset pricing in the field of finance. The CAPM holds the power to explicate stock movements by means of its sole factor that is beta co-efficient. This study focuses on the application of rolling regression and cross-sectional regression t...

COVID-19 has changed the way we live, communicate and work, as well as altering our feelings. The higher education sector, alongside other sectors, has been severely affected by the pandemic and its serious repercussions. Academic and teaching staff have had to work from home and convert to online teaching, a change which has been met with both neg...

This article examines the cross-hedging performance of crude futures against the tyre equity futures to hedge the tyre equity stocks. Three multivariate conditional volatility models, namely constant conditional correlation (CCC), dynamic conditional correlation (DCC) and diagonal BEKK are applied. Using the conditional covariance and variance from...

The uprising of the pandemic COVID-19 has paralysed the whole Indian economy, and as a result the Indian stock market is severely affected too. The widely inclusive lockdown articulated on 24 th March 2020 by the Prime Minister as a careful step against COVID-19, trailed by ensuing augmentations, has brought about a halt of all financial movement i...

The purpose of this paper is to predict the financial distress of companies of the Indian textile sector using Altman Z score. The analysis conducted on 161 listed textile companies in India for a period of 10 years from 2009 to 2018. All the listed companies are categorized into large, medium, and small using the median split method based on the s...

The trading of natural rubber derivatives in the Indian commodity exchanges was banned several times in the past. Hence, in India, the derivatives on natural rubber are not traded actively and regularly. We have examined the possibility of a forecast model and a cross hedge tool for the natural rubber price by using crude oil futures in India. Resu...

Artificial Intelligence has been under-researched. Machines with deep learning abilities can take digital marketing to new heights with their Artificial Intelligence making all the difference. This research aims to identify the outcomes from the study of Indian customers’ responses across varying demographics to machines and their abilities to sell...

After the scrapping of Capital Issues (Control) Act, 1947 putting an end to the regime of Controller of Capital Issue (CCI) and allowing free pricing of public issues, capital market in India witnessed IPO activities from different sectors of the economy which was hitherto restricted by the CCI. The present paper tries to study two of the widely re...

The significance of Institutional Effectiveness is pivotal to the functioning of an academic institution. The mushrooming of private institutions in the Indian higher education space necessitates exploring its antecedents to ensure quality higher education is imparted by the institution. The purpose of this research endeavor is to explore the impac...

Purpose: The purpose of this study is to look into the Sharī'ah resolution framework in Islamic finance and see how it may be improved. This paper is based on a detailed examination of previous research into the need for a worldwide Sharī'ah Resolution mechanism to be applied across all IFIs. Methodology: A detailed analysis of past studies on the...

In press

Purpose-All efforts of marketers are aimed at building brands. But there is no fixed formula to build a brand in Indian market. The purpose of this study is to identify the attributes that has the power to position the product in the Indian youth's mind as a high-value brand and influences their buying behaviour. Design/methodology/approach-The res...

India is the major producer of Areca nut in the world. Volatile demand and price are the major challenges for the Areca nut growers in India. The use of time series models to manage the price risk has become the interest of academicians today. This paper deals with developing an appropriate model to predict the prices of a new variety of Areca nut...

India is the major producer of Areca nut in the world. Volatile demand and price are the major challenges for the Areca nut growers in India. The use of time series models to manage the price risk has become the interest of academicians today. This paper deals with developing an appropriate model to predict the prices of a new variety of Areca nut...

The effect of Age, Liquidity, Leverage, Size, Industry and Profitability in listed firms in Bahrain bourse is examined in this research paper and machine learning regression techniques in Python programming analysis is adopted to measure the effect of these factors (Age, Liquidity, Leverage, Size, Industry and Profitability) on the Electronic Finan...

The remarkable growth of the Indian retail landscape over the last decade is reflected in the proliferation of supermarkets, departmental stores and hypermarkets in India. Evolving consumption patterns, raising living standards has sparked a huge demand in the food and grocery retailing. Impulse buying is a time-tested tactic by which retailers gra...

Many investors in order to predict stock prices use various techniques like fundamental analysis and technical analysis and sometimes rely on the discussions provided by various stock market analysts. ARIMA is a part of time-series analysis under prediction algorithms, and this paper attempts to predict the share prices of selected pharmaceutical c...

Purpose: The purpose of this paper is to formulate a multiple regression model by considering those factors which are positively affecting the growth of Micro, Small and Medium Enterprises (MSMEs) in India. Methodology: The data used in this study are primary in nature which are collected through questionnaire method. The questionnaire involves th...

The online food delivery market in India perseveres to grow at a sustained pace. The business has unique dynamics and challenges with the spike in orders during weekends, meeting delivery schedules during peak demand, offering deep discounts to address wavering customer loyalty, reducing cash burns, and managing food quality inconsistency. In contr...

The online food delivery market in India perseveres to grow at a sustained pace. The business has unique dynamics and challenges with the spike in orders during weekends, meeting delivery schedules during peak demand, offering deep discounts to address wavering customer loyalty, reducing cash burns, and managing food quality inconsistency. In contr...

Customers can choose to buy products online without certain sensory experiences, such as touching, smelling or tasting. Consequently, product reviews are extremely important to implement online marketing strategies. While reviews can influence customers' purchase decisions, how they affect the decisions of potential consumers in the case of a growi...

The online food delivery market in India perseveres to grow at a sustained pace. The business has unique dynamics and challenges with the spike in orders during weekends, meeting delivery schedules during peak demand, offering deep discounts to address wavering customer loyalty, reducing cash burns, and managing food quality inconsistency. In contr...

Related Party Transactions (RPTs) are perceived as genuine transactions, which fulfill the economic needs of a company. However, the controlling shareholders may use RPTs as a tool for transferring the firm’s resources for their private benefit. The dual effect of RPTs, i.e., transaction efficiency and conflict of interest between the controlling s...