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Publications
Publications (63)
This paper investigates whether cryptocurrency exchanges exhibit greater liquidity than traditional financial markets. Utilizing four different liquidity measures, we evaluate the liquidity of six leading cryptocurrency exchanges and nine traditional small-cap stock indices across diverse geographies and rank the markets according to their liquidit...
The current research project investigates the correlation between economic growth, government spending, and public revenue in seventeen Indian states spanning the years 1990 to 2020. An analysis of the relationship between key fiscal policy variables and economic growth was conducted utilising a panel data approach, the Generalised Method of Moment...
Micro, small and medium enterprises (MSME) is one the vital sector of the developing economy. Changes in fiscal policy directly impact this sector the most. The present article aims to examine the impact of the recent Indian indirect system tax overhaul, that is, Goods and Service Tax (GST), on the MSME sector. We have employed multivariate analysi...
Purpose
In keeping with global developments rendering online shopping as an emerging trend among consumers, the present study extends the unified theory of use and acceptance of technology (UTAUT2) comprising the digital payment mode (DPM) as a new driver of online shopping and with the mediation of attitudes toward technology (ATTs) to gauge a bet...
This paper explores the effect of intellectual capital (I.C) on the financial performance (F.P) of 12 public and 17 private sector banks in India. To get a comprehensive viewpoint, the study will try to answer the research question, i.e., Does the intellectual capital affect the financial performance of the Indian banks with respect to their multid...
The present research investigates the discrimination of attitude towards online shoppers based on demographic characteristics and satisfaction level. This study has attempted to develop a discriminant function equation based on selected predictor variables. A self-structured questionnaire has been designed to fetch the data from the online customer...
This study examines the impact of intellectual capital (IC) on the financial performance (FP) of Indian public sector banks (IPSBs) between 2010 and 2021. This paper utilizes the modified value-added intellectual coefficient (MVAIC) approach to measure IC. It employs a panel data estimation approach, specifically the generalized method of moments (...
Purpose: The present study was undertaken with the purpose of embedding Technology Interface drivers and Digital Payment drivers as additional drivers in the Unified Theory of Acceptance and Use of Technology (UTAUT2) to examine their influence on the Behavioral Intention of online shoppers. Technology Interface drivers include chatbots (CBs) and v...
The primary objective of this research was to examine how financial inclusion (FI) through the mediation of behavioral factors (BF) influences the economic development (ED). It also makes an attempt to investigate the direct impact of the FI on ED. The study uses a Partial Least Squares-Structural Equation Modelling (PLS-SEM) technique. 2800 indivi...
Tax and economy go hand in hand, and whenever any overhaul in tax structure takes place, it becomes essential to evaluate its effect on its sector and concerned businesses. The present study examines the effect of Goods and Service Tax (GST) on Indian Micro, Small and Medium Enterprises (MSMEs) business performance. Data were collected through a st...
Day traders in the financial markets are under constant pressure to make rapid decisions and limit capital losses in response to fluctuating market prices. As such, their emotional state can greatly influence their decision-making, leading to suboptimal outcomes in volatile market conditions. Despite the use of risk control measures such as stop lo...
Presented at International Conference on Financial Markets and Corporate Finance, Shailesh J. Mehta School of Management, Indian Institute of Technology (IIT) Bombay
Presented at International Business (Academy of International Business) South Asia Conference on Role of International Business and Sustainable Development in South Asian Economies, Indian Institute of Management (IIM) Visakhapatnam
The present paper aims to examine the impact of Goods and Service Tax (GST) using Vector Autoregressive (VAR) model on the Indian Economy. GST Registrations and Tax Revenue [Central Goods and Service Tax, State Goods and Service Tax, Integrated Goods and Service Tax and Cess] are taken as exogenous variables to see their impact on Gross Domestic Pr...
Progressive economic growth depends on the reforms done in tax structure as taxation and economy go hand in hand. The present study evaluates tax reform's impact on small sector business performance by conducting a survey on 300 listed micro, small and medium enterprises in a developing country. India recently overhauled its indirect tax system wit...
The current research empirically analyses the determinants of financial inclusion (FI) for BRICS (Brazil, Russia, India, China and South Africa) nations using the no. of depositors and Automated Teller Machines/user as dependent variables, a proxy for FI from 2004 to 2019. The study employs fixed-effect, cross-section random-effect and simple panel...
The study aims to investigate the impact of intellectual capital (I.C) on the sustainable financial performance (F.P) of private sector banks (PSBs) in India. Data were gathered from 17 banks between 2010 and 2021 using Prowessiq (CMIE) and their annual financial reports. To evaluate the ways in which intellectual capital (I.C) affects sustainable...
The current research scrutinizes the empirical relationship among pubic revenue, govt. expenditures & economic growth in India. This research factually investigates India’s economic growth experience during the period 1990–2017. Multivariate vector auto-regression with focus on generalized Impulse Response Function has been applied for analyzing ye...
The paper aims to examine whether any discrimination exists in Indian stock market returns in pre and post-tax reform eras, based on major macroeconomic variables. The study used daily stock returns of two leading Indian stock exchanges as endogenous variables ranging from March 2015 - March 2021. The empirical findings from the Multiple Discrimina...
Bitcoin is a volatile financial asset that runs on a decentralized peer-to-peer Blockchain network. Investors need accurate price forecasts to minimize losses and maximize profits. Extreme volatility, speculative nature, and dependence on intrinsic and external factors make Bitcoin price forecast challenging. This research proposes a reliable forec...
The objective of portfolio managers and investors is to maximize overall investment returns. Improving trading quality by making it quicker and less complex is a crucial requirement for the rapidly evolving financial markets. The cryptocurrency market, in particular, consists of technologically savvy investors constantly looking for an improved use...
The present study examines how successful we are in achieving financial inclusiveness, investigating the influence of the drivers of financial inclusion (FI), financial literacy, and financial initiatives on sustainable growth. The drivers of FI considered are digitalization, technology, and usage. This study proceeds with a difference and investig...
Taxes are imperative for the economy and businesses for better growth and development. Understanding the taxes and having the right approach towards them can make a vast difference between the success and failure of businesses. Therefore, the present paper aims to examine the impact of tax knowledge on business performance. The study is based on th...
Taxation is a powerful tool to achieve sustainable development goals (SDG) as tax policies help strengthen economic growth and improve revenue capacity. So, after tax reform, it is vital to analyze their impact on the performance of enterprises. Keeping in mind the SDG, the present study was conducted in India after the major tax overhaul—Goods and...
The COVID-19 pandemic has triggered one of the biggest crises for human health distressing more than 200 countries worldwide. The petrifying effects of this pandemic have caused significant impact on mental health of public. Now, due to protracted pandemic time, the daily routine chores, social meetings and human interactions have been massively di...
Marketers are increasingly relying on covert advertising tactics to persuade consumers. This empirical study selected the context of an emerging market to examine the effectiveness of product placements. Using an experimental design, we captured the affective and behavioral responses of young Indian adults. The results indicated that young adults a...
Purpose
Advertising clutter has fueled the rise of nontraditional advertising methods. The current study, conducted in India, adopted the consumer socialization framework to assess product placement attitudes and behaviors.
Design/methodology/approach
A questionnaire-based survey was conducted to gauge consumers' responses to product placements. S...
Using a distinctive set of data from 2006 to 2018, this study inquires into the various factors of Public-Private Partnerships (PPPs) in infrastructure projects. Sixteen exogenous variables from extant literature are used to identify significant factors to forecast the future flow of PPPs in the different states of the Republic of India. Two measur...
Micro, Small and Medium Sector is one the vital sector of the developing economy. Change in fiscal policy directly impacts the small sector the most. The present paper aims to examine the impact of the recent Indian indirect system tax overhaul, that is, Goods and Service Tax, on the MSME sector. We have employed Multivariate Analysis of Variance a...
This study covers the gender-wise analysis of how behavioural factors and socio-economic factors along with the level of financial literacy influence investment decisions of Indian retail investors. Equally pertinent is to understand that will it have a different influence and bearing on males and females. Multivariate technique partial least squar...
The purpose of this paper is to analyze the influence of digital mode of payment along with the initial drivers of UTAUT2. This has its relevance especially in view of demonetization move by the Indian government. There are relatively few studies analyzing the impact of the digital payment mode on behavioral intention in developing countries like I...
Background:
The Information Technology (IT) industry of India has proved its capabilities in delivering both on- and off-shore services to clients globally over the years. However, the technological advances and innovations taking place at the global level not only present a whole new range of growth prospects, but also challenges for this highly...
This paper studies the impact of demographic factors on the performance of women‐owned micro‐enterprises in North India. Data were collected from 100 women entrepreneurs through self‐structured questionnaire using stratified random sampling technique. Sales turnover and net profit margin are taken as dependent variables. Multivariate regression ana...
Investors differ in their decisions with respect to risk, returns and market analysis. The present study attempts to examine the influence of financial literacy on retail investors' decisions in relation to return, risk and market analysis. The study uses convenience sampling to collect data from the retail investors through stock brokerage manager...
This paper makes an attempt to identify the factors influencing dividend policy by analysing data of 125 companies enngaged in housing, construction and real estate business in India. These companies are selected which have paid dividend throughout the study period. Most of these companies are listed with either Bombay Stock Exchange or National St...
This paper tries to investigate that is there any discrimination in saving habits based on various demographic factors. The study is based on primary data collected through a questionnaire on a Likert Scale of 1–5. Investor's savings habits have been classified as low, medium and high. The findings of the study show that there is significant discri...
This study covers the gender-wise analysis of behavioural factors, socio-economic factors & financial literacy on investment decisions of Indian retail investors’. Equally pertinent is to understand that will it have a different impact on males and females. The study uses a structured questionnaire for collecting data from stock brokerage executive...
The paper investigates the determinants of working capital to forecast the future requirement of working capital of BSE-listed top 150 companies in India. The study is conducted by collecting the data of 150 top-performing BSE listed companies for the time period of 2009–2017. The ten firm-level explanatory variables and one dummy variable to chara...
The present paper deals with forecasting of insolvency of information technology sector listed companies. The four deferent parameters of solvency have been used in the current study. These four different parameters are cash flow to total liabilities, total debts to total liabilities, debt to total assets and equity shareholders funds to total asse...
Important characteristics of resources and capabilities that can help an organization in gaining competitive advantage are discussed. Secondary data for Indian information technology (IT) and Information Technology Enabled Services (ITeS) firms were used for examining the link between core competencies (resources), competitive advantage, and organi...
Purpose
This paper aims to make an attempt to identify the determinants of dividend policy by analyzing 125 real estate companies, which are selected on the basis of consistent dividend distribution throughout the study period. Most of these companies either listed with Bombay Stock Exchange or National Stock Exchange.
Design/methodology/approach...
The current paper deals with to forecast volatility in crude oil prices in Indian economy. In the current study volatility is measured through change in monthly crude oil prices per barrel. The monthly data of crude oil price have taken from January 1995 to May, 2017. The different unit root tests are applied to test check change in crude oil price...
This paper investigates the determinants of PPP in infrastructure projects by using a
distinctive set of data for the period from 2006 to 2018. There are total 12 explanatory
variables that have been discovered from previous studies and used to identify significant
determinants to forecast the future flow of PPP in different states. The two measure...
This paper investigates the determinants of PPP in infrastructure projects by using a distinctive set of data for the period from 2006 to 2018. There are total 12 explanatory variables that have been discovered from previous studies and used to identify significant determinants to forecast the future flow of PPP in different states. The two measure...
In India, rising prices of crude oil prices may have a significant impact on inflation and the country's gross domestic product. The present paper attempts to develop a model to forecast future crude oil prices in India. The monthly sample data of crude oil prices (in INR per barrel) have been taken from October 1997 to October 2017. the unit root...
The purpose of this paper is to empirically analyze what impact do behavioral factors have on Investment Performance. The data were collected from the Indian retail investors’ through stock brokerage managers through a structured questionnaire. This questionnaire has three segments Section 1 covers the demographic factors, section 2 deals with beha...
Purpose
The real estate sector in India has assumed growing importance with the liberalisation of the economy. Developments in the real estate sector are being influenced by the developments in the retail, hospitality and entertainment (e.g. hotels, resorts and cinema theatres) segment, economic services (e.g. hospitals, schools) and information t...
Purpose:
The purpose of this paper is to assess the impact of financial literacy on investment decisions of individual investors.
Design and Methodology:
The study used convenience sampling to collect data from the real investors through stock brokerage managers. The idea was to get
financial literates only to fill the questionnaire. The questionna...
The Indian BPO industry accounts for a revenue of US$39.6 bn and has emerged as one of the largest private industries providing direct employment to 1.6 million professionals. The participation of women in BPO industry has been seen as a critical enabling factor for the continued growth of the industry. Today, BPO companies are taking women on boar...
The present paper explores the factors for the effective implementation of eHealth in India by taking into account the diverse benefits and challenges at organization and practitioner’s level. The present study is exploratory in nature which has been carried out after comparing the study across the globe. Various benefits and challenges explored fr...
