
Murugesan SelvamBharathidasan University | bdu · Department of Commerce and Financial Studies
Murugesan Selvam
M.Com, MBA, MADE, PhD, D.Litt
About
364
Publications
230,257
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Introduction
Professor Murugesan Selvam made significant contributions in FINANCE. He covered the aspects namely efficiency of stock market indices, fractal analysis of stock market indices, calendar anomalies of stock market indices, investor behavior and testing efficient market hypothesis for stock indices. He covered Service Efficiency, Service Quality and Service Loyalty, occupational stress of bank employees and the impact of environmental performance and corporate governance on firm performance.
Additional affiliations
January 2009 - present
January 2006 - December 2008
January 2003 - December 2005
Education
July 2010 - June 2012
July 1997 - June 1998
July 1995 - June 1996
Publications
Publications (364)
This book analyzes the impact of Corporate Governance Practices and Firm Characteristics on the Dividend Policies of sample IT Firms listed in BSE in India. Dividend Payout is one of the significant proactive measures employed to reduce the agency costs of business enterprises. Corporate enterprises are envisioned to achieve sustained, long term gr...
The issues relating to the environment are the main talking points in the present world. Many natural calamities like global warming, cautioned the world community to protect the globe from the environmental degradation. This situation compelled the corporates to involve themselves in responsible activities and disclose their environmental performa...
The financial world of today is high-frequency data-driven and characterized by the application and use of information technology for better business development and decision-making. The price movements of stock markets are mainly influenced by micro and macroeconomic variables, legal frameworks, and taxation policies of the respective economies. T...
The key factors for every entrepreneur are passion for innovation and a willingness to take voluntary risks. Individuals engaging in entrepreneurial activities should possess the following capabilities: innovation, invention, perseverance, creativity, continuous efforts, and hard work. Several Indian entrepreneurs, such as Jamshetji Nusserwanji Tat...
The main purpose of this research is to analyse the effectiveness of the Kuala Lumpur-Singapore high-speed rail (HSR) implementation, particularly during the post-pandemic situation. To achieve that, this research will first determine the passenger movement trend from Kuala Lumpur (KL) to Singapore from all modes of transportation. This paper also...
This study provides an overview of logispreneurship, its significance, and its potential implications for businesses and economies. Logispreneurship plays a vital role in driving innovation and progress within the logistics sector. Logispreneurs identify market gaps, inefficiencies, and emerging trends, and develop innovative solutions to address t...
Exploring the potential of financial technology (FinTech) to promote financial inclusion is the aim of this research. This study concentrated on understanding why people use FinTech and how it affects their access to financial services by taking into account the mediating role of digital financial literacy and the moderating effect of perceived reg...
Financial technology (FinTech) is transforming the financial services industry by offering innovative, convenient solutions for businesses and individuals. This study examines the factors influencing FinTech adoption, with a special focus on trust. By integrating insights from both the unified theory of acceptance and use of technology (UTAUT2), an...
This study investigates factors which transform work attitudes among Chinese employees. Using purposive sampling, a survey questionnaire was distributed to employees in Shanghai, where 479 were usable. Firstly, the study examines the relationship between demographic factors and employees' work attitudes. Secondly, the Person-Organisation Fit theory...
The goal of this study is to look into how changes in crude oil prices affect GDP per capita and exchange rate fluctuations.to investigate the influence of crude oil price shocks on GDP per capita and exchange rate movements. This research employed yearly time series data for the price of crude oil, exchange rate (USD/INR), and GDP per capita, from...
Differences in attitudes and mannerisms of the millennials and the older generation could result in intergenerational conflicts. This study aims to determine the definitions of good mannerisms as perceived by the two different generations and to identify the factors that contribute to the mannerisms and characteristics of the millennials. Using a n...
A paddy surveillance system (10) using solder and intelligent circuitry, the system comprising:
a thermal imaging camera (1), the thermal imaging camera providing the thermal image of each wild animal and the situation of the plant; a temperature sensor (2), the temperature sensor (2) indicating the temperature of the plant; a moisture sensor (3),...
The study aims to reveal the relationship between Twitter sentiments indicators and stock market indicators, with reference to BSE and NSE in India. This study used secondary daily time series data, for a period of two years, from 01.01.2018 to 31.12.2019. Statistical tools, such as Descriptive Statistics and Correlation Matrix, were employed to pe...
The behavioral finance studies generally analyse the relationship between investor moods, caused by weather factors and indices returns via investor moods. The present study examines the relationship between three weather factors (temperature, humidity, and wind speed) in capital cities (namely Beijing for China, Tokyo for Japan, Victoria City for...
The application of Internet based technologies, had created a significant impact on the Indian stock market. Use of the Internet has eliminated the barriers of brokers and geographical location. Now the investors could buy and sell their shares, by accessing the stock market status, from any place, at any time. Before investing money, it is very im...
Technology is changing the Indian financial landscape and increasing access to financial services in many ways. FINTECH has the potential to reshape the financial services and financial inclusion landscape in India. FINTECH paves the way for successful financial inclusion in the country, by reducing corruption and leakage. Access to financial servi...
To meet the global competition, Indian corporates focused on physical and intellectual capital. But organizations which rebuild their intangible resource base may increase additional competitive advantage in the economy. Successful companies, across all industries, are utilizing intellectual capital to gain economic advantage. The objective of this...
This paper examines the leadership and management qualities among college students of southern Tamil Nadu. The sample consisted of 822 college students from Trichy, Thanjavur, Perambalur, Dindigul, Theni, Sivagangai, Karur, Mayiladuthurai Madurai and Nagapattinam Districts of Tamil Nadu in India. The Researcher analyzed the students’ response using...
The present study addresses the issue of measurement of Corporate Social Performance (CSP) and relationship between Corporate Social Performance and Corporate Financial Performance, in Indian BSE listed companies. The Corporate Social Performance (CSP) has received due attention in the past few decades, because company exists not only as an economi...
This paper examines the leadership qualities among college students of Trichy Group (Zone) in Tamil Nadu. The sample consisted of 630 college students from Trichy, Thanjavur, Perambalur, Sivagangai, Karur and Nagapattinam Districts of Tamil Nadu in India. The Researcher analyzed the students' response using t-test and Anova. The study found that th...
The paper presents a systematic review of the research work, published on the topic of weather effects and stock market behavior. The objectives of the study were to examine the current status of research, by collecting the literature, in the area of weather effects and stock market behavior. In the process, the study would reveal the current statu...
Corporate Social Performance has become a key concept in recent years, primarily because of growing requirements of stakeholders and social awareness. This study tested the impact of Innovation on Corporate Social Performance and Corporate Financial Performance. Top ten companies of India were selected on the basis of CSR spending. The innovation v...
In the modern era, intangible assets, including intellectual capital are important for the performance of any organization. This study proposed to examine the role of Intellectual Capital in the sustainable performance of NIFTY Financial Services Companies. The results of this study indicated and that Intellectual Capital (Human Capital, Structural...
The earlier studies were carried out in different stock exchanges in India, especially BSE and NSE as well as in the world scenario at different periods. Most of the studies observed that there were large variations in stock returns and the market was inefficient, which does not support the Random Walk Hypothesis during their study period. In some...
Majority of companies, across the globe, undertake Research and Development (R&D) to meet the competition. The overall performance of the firm depends on the intellectual capital, patents and copy rights etc, which would help them to promote the sales income in the long run. The research on Intellectual Capital in India has gained importance for a...
This research project would enable retail the investors to take appropriate investment decision. Further, it would motivate them to contribute their small savings and surplus towards the capital market investment. This study included 39 banking companies listed in BSE. The study carried out for a period from 2001-2008 mainly using secondary data ob...
The Indian banking System plays a pivotal role in the development of our nation. The public sector banks control a major market share of the banking operations in India. The Private sector banks, in order to compete with large and well - established public sector banks are not only foraying into IT but also shaking hands with peer banks to establis...
This research project helps all types of investors particularly small and medium investors by providing adequate information about share price movement at the time of corporate event announcements. The project included 116 BSE listed pharmaceuticals companies which had announced their sample corporate events namely quarterly earnings, Stock Splits,...
The Chinthamani Co-Operative Super Market by its service covers the entire city of Tiruchirappalli for the past 6 decades, so that it has become a name among all types of people of Tiruchirappalli City. In the analysis of the opinion of the consumers, only positive responses regarding main facilities are taken into account. The overall analysis of...
As the reforms on the Indian Economy are steadily moving towards various activities of financial services, venture capital finance are expected flourish. Many more companies will emerge and as a result, the competition would be severe. Thus the study was carried using primary and secondary data. And the study covered the period from 1976 to 1999. T...
This research project is about behaviour of mutual fund investors. In India, presently there is no statutory provision for fixing accountability for poor performance of the mutual fund schemes. As a result of financial sector reforms, the mutual fund industry has been witnessing a structural transformation from a public sector monopoly to a competi...
List of UGC Journals as of 15 July 2020 across all disciplines
The aim of the study is to measure the impact of intellectual capital on the profitability ratios in respect of the foreign banks in India. Twenty seven foreign banks were studied and analyzed by using Modified Value Added Intellectual Coefficient (MVAIC) method and Structural Equation Method (SEM). It is found that all the components of intellectu...
This paper aims to contribute, to the empirical evidence for the influence of Board of Directors on the Corporate Social Performance (CSP). A sample of top 10 companies of BSE, over the period from 2015 to 2019, was examined. The results indicated that the Board of Director influenced the Corporate Social Performance, measured by the CSR amount and...
This research paper investigates the stock market movements and linkages between the Asian emerging markets (China, India, Indonesia, Korea, Malaysia, Philippines, Taiwan and Thailand) and two developed markets (i.e. USA and Japan). This study employs the statistical application of descriptive statistics, unit root test, correlation and pairwise gr...
The effects of Corporate Social Performance on the performance of firms, have been brought out by many studies. But this study proposes to examine the relationship between Corporate Social Performance and Corporate Financial Performance of private sector banks in India. The sample for this study consisted of only top 10 private sector banks. Four v...
An attempt has been made in this paper, to investigate the effect of oil prices on the exchange rate of 13 Asia – Pacific sample countries against USD, for the period from 04th January 2000 to 31st March 2020. OLS and QR Models were adopted for the analysis. Japanese Yen and Hong Kong Dollar were not affected by the oil prices during the study peri...
The present study investigates the impact of temperature, on the returns of the Carbon Index, otherwise called BSE GREENEX in India. The study employed the secondary data of temperature in five sample cities (Chennai, Delhi, Hyderabad, Kolkata,
and Mumbai), and the BSE GREENEX in India. Statistical tools like Descriptive Statistics, Unit Root, OLS...
This study examines whether the Asia-Pacific Foreign Exchange Market was in a weak form of efficiency against USD, during the period from 02/01/2010 to 31/12/2019. This study employed various linear measures, to examine the martingale behaviour of Asia-Pacific Foreign Exchange Market. The analysis found that two currencies (Australian Dollar and Ch...
The aim of the paper is to find out the relational effect between Corporate Financial Performance (CFP) and Corporate Social Performance (CSP). This paper could facilitate a better understanding of the relationship between CFP and CSP. The mediating effect between CFP and CSP, by applying was examined regression and mediation analysis. The study fo...
Many behavioral studies have been analyzed and discussed, to find the link between weather factors and market returns. However, the present study examines the impact of three weather factors, in the five major cities of India, on the daily commodity index returns of the MCX Agri, for the period of January 1st 2007 to December 31st 2017 (11years). O...
This study an attempt to examine the long-run volatility and causality effects of Sri Lankan (LKR) currency and nine currency of emerging countries in Asia against USD over 17 years i.e., from 01st January, 2002 to 31st December, 2018 by using the Descriptive Statistics (Summary), GARCH (1,1) Model, Correlation and Granger Causality Test. A descrip...
This book examines the prediction of stock market movements of India using big data analytics. Stock markets have shifted from the guiding principle of standard finance into behavioral finance. Forecasting is one of the classic issues since the stock markets are volatile, stochastic and non-linear in nature. The values of Momentum, Relative Strengt...
Return from the Indian stock market has been very attractive for
investors from around the world during the last decade. Taking into account the
importance of this emerging market, we examine the relation between lunar
phases (full moon and new moon days) and the stock market returns from
India, linking with Indian culture. Moon has a natural p...
Corporate Social Performance (CSP) has become increasingly important in recent years, primarily because of growing stakeholders’ requirements regarding a firm’s environmental and social concerns. Satisfying stakeholder expectations and need through transparent corporate activities may actually improve a firm’s reputation and financial results. The...
This paper proposes to measure the efficiency of intellectual capital performance of public sector banks and private sectors banks in India, using the Modified Value Added Intellectual Coefficient (Ihyaul Ulum, 2017). The data were drawn from 20 biggest market capitalization banks, each ten from public and private sector listed in the National Stoc...
The study proposes to examine and estimate the Value Added Intellectual Coefficient (VAIC), to measure the impact of intellectual capital on the Indian banking sector. The impact of Human Capital (HC) and Physical Capital (CA) of the Indian banking sector, on the bank’s value-based performance (Bank’s financial performance and its market value) was...
The aim of the paper was to investigate, the effect of intellectual capital on the financial performance of automobile companies in India. The required information was gathered from Indian automobile companies, between 2009 and 2018 and the (MVAIC) was employed for measuring the intellectual capital. Indian automobile firms efficiently utilized the...
This paper focusedon providing prior evidence ofimpact ofaccounting ratios resulteddue to convergence to International Financial Reporting Standards (IFRS) in India. A graphical representation of its impact on the key performance indicators, after converging with IFRS, is shown in this paper. The accounting ratios presentedusing IGAAP and Ind AS on...
This study examines the relationship between Corporate Social Performance and Corporate Financial Performance and Financial Risk of BSE top 10 companies in India. The variables of Corporate Social Performance and Financial Performance and Financial Risk were used in this study. There was positive relationship between Corporate Social Performance, C...
The world of today is high frequency data driven and characterized by the application and use of information technology for better business development and decision making. The price movements of stock markets are mainly influenced by micro and macro economic variables, legal framework and taxation policies of the respective economies. The crux of...
This research paper investigates the dynamic linkage, between three weather factors and two top stock Indices in India, namely, BSE SENSEX and NSE NIFTY. In order to study the weather factor on stock indices, daily weather data of Delhi and daily closing stock price of BSE SENSEX and NSE NIFTY, from January 1st 2001 to 31st December 2017, were coll...
Air pollution issue has become an important environmental problem in India. This paper proposes to examine the influence of Delhi Air Pollution on the two Indian stock indices, using Descriptive Statistics, Unit Root, and OLS regression. The analysis of the study found that Delhi Air Pollution did create a statistically significant effect on Nifty....
The main purpose of this study is to examine the causal relationship between Real Exchange Rate and Economic Growth Variables in the Asia-Pacific region. Granger Causality Test was employed, to examine the causal relationship between the dependent and independent variables, with the sample economies, over the period from 2006 to 2017, under quarter...
The present study investigated the relationship between airline stock price and crude oil price. For this study, six airlines such as Air India, Go Air, IndiGo, Jet Lite, Jet Airways and Spice Jet and three crude oil markets, WTI-West Texas Intermediate and Texas Light Sweet, Brent-North Sea Brent Crude, and Dubai-Dubai Crude, were selected Based o...
This study proposes to investigate the dynamic relationships between the three weather factors (temperature, humidity, and wind speed) in New York City of USA and Coinbase Index from Federal Reserve Bank of St. Louis, in the USA. Statistical tools like Descriptive Statistics, Unit Root, Granger Causality Test and Johansen Co-Integration test were e...
This article studies a near relationship between the real exchange rate and economic growth in India, for the period from Q1 2005 to Q4 2017, by considering the variables such as Nominal Exchange Rate, Consumer Price Index, Balance of Payments, Exports, Foreign Exchange Reserves, Gross Domestic Product, Imports, Inflation, International Reserves an...
The study proposes to examine and estimate the Value Added Intellectual Coefficient (VAICTM), to measure the impact of intellectual capital on the Indian banking sector. The impact of Human Capital (HC) and physical Capital (CA) of the Indian banking sector, on the bank’s value-based performance (Bank’s financial performance and its market value) w...
This paper proposes to investigate the Co Movement and Causal Relationship, among the three weather factors (temperature, humidity, and wind speed) and the returns of the Agriculture Commodity Index called Dhaanya, in India. The study employed the secondary daily data of weather in five sample cities (Chennai, Mumbai, Delhi, Kolkata and Hyderabad),...
This study examines the relationship between Corporate Social Performance and Corporate Financial Performance in Indian firms. This study proposes to examine the various dimensions of relationship between corporate social performance and corporate financial performance in India. The Corporate Social Performance variables such as Employee, Environme...
This study examines interrelationship between Bit coin and Alt coin markets in the short run and the long run. The study applies times-series daily data of 17 virtual currencies (Bit coin + 16 alternative virtual currencies) and two alt coin price indices for the period 2013-2017. The present study confirmed that the Bit coin and alt coin markets w...
This empirical study proposes to evaluate and estimate the Modified Value Added Intellectual Coefficient (MVAIC),in order to measure the financial performance of 21 Indian private sector banks in India. Drawing data from sample banks, the performance of intellectual capital was measured by MVAIC, as a comprehensive model based on Ante Pulic’s VAIC...
The world has become data driven, which highly accentuated the utilization of information technology. The movements of stock markets are influenced, by both the micro as well as macro economic variables including the legal framework and taxation policies of the respective economies. The crux of the issue lies in exactly forecasting the future stock...
This paper investigated the impact of corporate governance and intellectual capital on firm performance of Indian SME Companies. The present study employed a balanced panel method (for CG practices) and VAIC (for IC). The analysis of sample variables like firm size, age and capital employed efficiency exhibited significant impact on Tobin's Q (Mark...
In the aftermath of Globalization, several trade barriers, which hindered the organic growth of business enterprises, were removed. The world tends to become borderless, in terms of trade transactions and market operations, facilitates the maximization of wealth. The stock market movements are influenced by micro as well as macroeconomic variables,...
This paper investigated the effect of three weather factors (temperature, humidity and wind speed), on the returns of the Indian stock indices (BSE Sensex and S&P CNX Nifty). This study examined how weather affected the Movement and relationship of top stock market indices in India. The study used the monthly data of weather, in five sample cities...
This paper investigated the Causal Relationship among the temperature and the returns of the Agriculture Commodity Index (namely MCX Agri) in India. The study used the secondary (daily) data of weather in five sample cities (Chennai, Mumbai, Delhi, Kolkata and Hyderabad), and Agriculture Commodity Index (namely MCX Agri) in India. The Statistical t...
This research study examines the behaviour of currency rate, long term stability, in the returns of five Asia-Pacific Currencies (AUD, CNY, HKD, INR and IDR), against USD, for a period of fourteen years. The econometric models (Descriptive Statistics, ADF and PP Test, Co Integration Model and Graphs) were used to investigate the normality, stationa...
This paper investigated the effect of weather (temperature) factor, on the returns and volatility of the Indian
stock indices (BSE Sensex and S&P CNX Nifty). This study examined how weather (temperature) affected the
volatility of top stock market indices in India. The study used the monthly data of weather in five sample cities
(Chennai, Mumbai, D...