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May 2012 - March 2018
Indian Institute of Management Ahmedabad
Field of study
- Finance & Accounting
Purpose The purpose of this paper is to examine the dividend payout behavior of Indian firms and test whether the three prominent dividend policy theories (signaling, life-cycle and catering) explain the dividend policy of Indian firms. Design/methodology/approach The authors test the three theories using the methodology based on the studies of Ni...
In 2016, India's Insolvency and Bankruptcy Board laid out the Insolvency and Bankruptcy Code for Indian companies struggling financially and seeking solvency or resolution. Since then, around three hundred firms have filed for bankruptcy resolution in India as per IBC 2016. This research studies the financial distress in Indian companies listed on...
Standard finance theory suggests a downward sloping pricing kernel. The financial markets exhibit a downward sloping pricing kernel on most occasions, but, recent evidence also indicates phases where markets exhibit an upward sloping pricing kernel. This is termed as 'pricing kernel puzzle' in the extant literature. In this paper, we study the pric...
Financial distress prediction is of prime importance for a firm's management, creditors, financial institutions, banks, and investors. There has been a large number of research studies in the field of financial distress and bankruptcy prediction during the past few decades. The extant research has employed various methodologies. Some of the earlier...