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An Analysis of Momentum Strategies in Indian Stock Returns
Get PDFIn this paper we examined the possibility of profit in pricemomentum strategy in the Indian equity market, which is one ofthe most promising emerging markets. We also investigated therelationship between momentum profits and historical tradingvolume. Our sample comprised of the blue-chip stocks representedin BSE-100 index. Our empirical results found strong presenceof momentum phenomenon in the Indian market, and alsoreported that the winners’ portfolio contributes more to momentumreturn in line with the findings of Griffin et al. (2005). To measurethe effectiveness of volume-based price momentum strategies,we replicated methodology used by Lee & Swaminathan (2000)and Naughton, Truong, & Veeraraghavan (2008) and found thathistorical trading volume has no role in boosting the magnitudeof momentum return. However, the study revealed that winners’portfolios have higher turnover in comparison to theircounterparts
Environmental Reporting Practices among Select Industries in Rajasthan
Get PDFThe management of environmental conservation activities is aneffective way of achieving and maintaining sustainable business.Disclosure of environmental accounting information is a keyprocess indicator of business accountability and sustainability.In addition, companies and other organizations are required tohave accountability to stakeholders such as consumers, businesspartners and investors. Review of previous research found limitedstudies on environmental reporting practices by Indian companies(Chatterjee & Mir, 2008; Jose & Lee, 2007). The present studyattempts to bridge this gap by analyzing reporting practicesamong select companies of cement, marble and mineral industryin Rajasthan. The state of Rajasthan is rich in minerals and hasabout 2 lakh registered small, medium and large units. The studyhas found that environmental reporting by companies is mostlyguided by standard guidelines and does not have any standardsdesigned for such disclosur
Risk Attitudes of the Listed Indian Financial Companies: A Prospect Theory Perspective
Get PDFThe objective of this research study is to analyze the risk-attitudesof the listed Indian financial companies from a behaviouralperspective. For the purpose, it examines the implications ofKahneman and Tversky’s (1979) and Tversky and Kahneman’s(1992) ‘prospect theory’ for these companies. This study hypothesizesthat for below-target returns, a large majority of themwould be risk seeking, and for above-target returns, most of thesecompanies would be risk averse. In this respect, this paper usesrates of return on assets and equity and the capital ratios of 34Indian commercial banks and 21 investment & finance companiesfrom the Indian stock markets over the period 2009-2013.On an overall basis, the Indian financial companies don’t showany overwhelming presence of the prospect-theory implicationsand Bowman’s (1980) risk-return paradox. However, it is evidentfrom the empirical results that mostly bigger and somesmaller financial companies and their managers are always riskseeking and mostly shareholders-centric in regard to their attitude.Keywords: Risk-return, Prospect theory, Indian banks,ROA, ROE, Capital ratio
Strategic Incentives and Challenges for Entering the Indian Market
Get PDFStrategic Incentives and Challenges for Entering the Indian Marke
Knowledge Management: Converting individual learnings into organizationl learning
Get PDF'Knowledge Management' (KM) has become the new 'mantra' for survivaland growth of organizations. The new initiative is often projected as a directoutcome of the IT revolution and even equated to IT-based techniques forcodifying, storing, and retrieving information. This is indeed a misconception.KM is as old as the human race itself; it is only the tools, techniques, andthe methodologies that have undergone changes. The oldest of these, thatis, person-to-person transfer of knowledge is no less important even in thepresent era of high technology. One may recall from the Greek mythology,how the human race acquired the technology of fire from the gods throughthe unauthorized services of Prometheus, and how severely Zeus punishedthe latter for smuggling this technology to an alien race! Knowledge is alwaysgenerated by individuals but can be shared selectively among groups,organizations, and communities and beyond. There can be and will beunwillingness and inadequacies at all these levels
The Obama Beer Summit:A Case study in Cross Cultural Communications
No full textThe Obama Beer Summit:A Case study in Cross Cultural Communication
