-
Cointegration Influence of Macroeconomic Indicators on Stock Market Index in India
Amalendu Bhunia,
Soumya Ganguly
Issue:
Volume 1, Issue 1, June 2015
Pages:
1-5
Received:
24 April 2015
Accepted:
4 May 2015
Published:
9 May 2015
DOI:
10.11648/j.ajtab.20150101.11
Downloads:
Views:
Abstract: Purpose of the Study: The present paper investigates how stock market index in India is practically being shocked by two commodity indicators, GDP growth rate and exchange rates. Background: Financial theory and empirical studies confirm that market index is one of the paramount indicators of changes in macroeconomic movement and that’s why in the last twenty three years by reason of the mounting credence those genuine macroeconomic movements habitually shock on stock price indices in India. Methodology: The study is based on secondary data obtained from RBI database, BSE database and Index Mundi database for the period between 1991 and 2013 with 23 observations using ADF unit root test and Johansen cointegration test. Results: The empirical results illustrate that there is significant long-term cointegration unwavering relationships exist. Findings: Indian stock market index is very depending upon the price of international crude oil price, gold price, exchange rates and GDP growth.
Abstract: Purpose of the Study: The present paper investigates how stock market index in India is practically being shocked by two commodity indicators, GDP growth rate and exchange rates. Background: Financial theory and empirical studies confirm that market index is one of the paramount indicators of changes in macroeconomic movement and that’s why in the ...
Show More
-
Investigating the Impact of Severe Cyclone Aila and the Role of Disaster Management Department - A Study of Kultali Block of Sundarban
Issue:
Volume 1, Issue 1, June 2015
Pages:
6-13
Received:
27 April 2015
Accepted:
10 May 2015
Published:
15 May 2015
DOI:
10.11648/j.ajtab.20150101.12
Downloads:
Views:
Abstract: Objectives: The present paper evaluates the impact of severe cyclone Aila in Sundarban area of West Bengal as well as to have greater awareness of community about the relevance of post-disaster management so as to face crisis situation. Background: Cyclone Aila hit coastal West Bengal on 25 May, 2009. Over 5.1 million people have been affected in 16 districts of West Bengal. The damage impact assessment carried out by the government of West Bengal and UNDP reported 96 deaths, out of which 25 were caused by a landslide in Darjeeling. The storm was especially devastating for farmers who were preparing to harvest rice and other crops. The cyclone, which was accompanied by heavy rainfall, flooding and landslides, had led to a situation which was precarious in South 24 Parganas and North 24 Parganas districts of the Sundarbans area. Approximately 9,20,000 houses have been damaged, the majority of them in Sundarbans. Methodology: The study is based on data related to cyclone has been collected from field survey and the response of the dwellers in 9 Panchayats having 46 Mouzas and 43 inhabited villages in the Kultali Block. Some secondary data have been collected from several publications of Bangiyo Bhugol Mancha of various years, Statistical hand book of different districts ,Bureau of Applied Economics & Statistics, Government of West Bengal, Economic Review, Human Resource Development Report, District Census Book etc. In the course of analysis, median and multiple regressions have been performed by using SPSS-17 software. Results and Analysis: Empirical results indicate that food security is ensured by providing assistance with enhanced livelihood activities. From the study it has been clear that peoples have increased access to improved drinking water and hygienic sanitation facilities and adopt more hygiene practices and have increased resiliency and capacity to reduce risk and prepare for future disasters. Policy Implications: Disaster relief and recovery efforts should be conducted within a framework that protects and improves human conditions. Community based disaster management is much needed in coming years with focus on disaster risk reduction.
Abstract: Objectives: The present paper evaluates the impact of severe cyclone Aila in Sundarban area of West Bengal as well as to have greater awareness of community about the relevance of post-disaster management so as to face crisis situation. Background: Cyclone Aila hit coastal West Bengal on 25 May, 2009. Over 5.1 million people have been affected in 1...
Show More
-
Evaluate the Classroom Assessment Techniques (CATs) for Accounting Program of Bahrain Training Institute (BTI) in the Kingdom of Bahrain
Maria Ghuloom Haji,
Adel Mohammed Sarea
Issue:
Volume 1, Issue 1, June 2015
Pages:
14-20
Received:
25 April 2015
Accepted:
20 May 2015
Published:
22 May 2015
DOI:
10.11648/j.ajtab.20150101.13
Downloads:
Views:
Abstract: This study aims to evaluate and assess the status and effectiveness of the Class room Assessment Techniques (CATs) of Bahrain Training Institute (BTI) in the Kingdom of Bahrain based on four variable factors: (Trainees Capability, Class room context, Instructors competency and Award Body Requirements). Moreover, it identifies and tackles the major problems encountered on (CATs) of Bahrain Training Institute (BTI). The data were collected by using the questionnaire as primary data and the literature review as secondary data. In the paper a total enumeration was used with a sample size of 150 (accounting trainees and instructors). The main findings conclude that, the majority of respondents agree that the current status of (CATs) in (BTI) in term of the given factors is quite weak and must be given ample attention and full support. However, based on the findings, this paper contributes towards a better understanding of accounting education and acceptability of CATs.
Abstract: This study aims to evaluate and assess the status and effectiveness of the Class room Assessment Techniques (CATs) of Bahrain Training Institute (BTI) in the Kingdom of Bahrain based on four variable factors: (Trainees Capability, Class room context, Instructors competency and Award Body Requirements). Moreover, it identifies and tackles the major ...
Show More
-
Financial Inclusion: A Step towards Eradicate Poverty
Issue:
Volume 1, Issue 1, June 2015
Pages:
21-26
Received:
25 April 2015
Accepted:
25 May 2015
Published:
26 May 2015
DOI:
10.11648/j.ajtab.20150101.14
Downloads:
Views:
Abstract: This study seeks to search out the relationship between Financial Inclusion & Poverty and how Financial Inclusion can help to reduce poverty in India. For this study, data have been collected from secondary sources and simple average methods have been applied. Result shows Financial Inclusion to be offering incremental and complementary solutions to tackle poverty which can promote the inclusive development. This study finds that since 2005 i.e., after launching of Financial Inclusion in India, the rate of poverty had been declining at 3 fold rate.
Abstract: This study seeks to search out the relationship between Financial Inclusion & Poverty and how Financial Inclusion can help to reduce poverty in India. For this study, data have been collected from secondary sources and simple average methods have been applied. Result shows Financial Inclusion to be offering incremental and complementary solutions t...
Show More
-
Underlying Relationship between Working Capital Management and Profitability of Pharmaceutical Companies in India
Issue:
Volume 1, Issue 1, June 2015
Pages:
27-36
Received:
4 June 2015
Accepted:
12 June 2015
Published:
15 June 2015
DOI:
10.11648/j.ajtab.20150101.15
Downloads:
Views:
Abstract: Purpose of the study: This research work investigates the underlying relationship between working capital management and profitability of pharmaceutical companies in India. Background of the study: Effective working capital management perks up firms’ profitability and liquidity position, and as a result growing the firm’s market value. Methodology: This study is based on secondary data obtained from centre for monitoring Indian economy database for the period from 2003 to 2013. In the course of examination, descriptive statistics, correlation statistics and multiple regression test have been used. Results: Multiple regression tests corroborate a lower degree of relationship between the working capital management and profitability under study. Findings of the study: The company manger would anxiety on working capital management performance, mainly unexplained variables in justification of making shareholder wealth.
Abstract: Purpose of the study: This research work investigates the underlying relationship between working capital management and profitability of pharmaceutical companies in India. Background of the study: Effective working capital management perks up firms’ profitability and liquidity position, and as a result growing the firm’s market value. Methodology:...
Show More
-
Measurement of Tracking Error Based on Category Index - The Hidden Cost of Index Funds
Issue:
Volume 1, Issue 1, June 2015
Pages:
37-40
Received:
30 June 2015
Accepted:
19 July 2015
Published:
20 July 2015
DOI:
10.11648/j.ajtab.20150101.16
Downloads:
Views:
Abstract: Purpose of the study: The paper aims at finding how effectively the index funds in India are being able to observe the strategy ‘indexing’, setting tracking error as the critical factor. Background of the study: The belief that financial markets are efficient and it is therefore impossible to consistently beat the aggregate market has led to the emergence of passive portfolio management and index funds. Less efforts have been directed towards measuring the effectiveness of index funds, as regards indexing strategy. This paper is written to fulfill this gap. Methodology: Broad category index has been used to measure the tracking error depicted by the index funds. Various formulae have been used to gauge the measure of tracking error. Results: Tracking error exhibited by the index funds are significantly higher than the level of tracking error, accepted globally. Findings: It is found that buffer cash for redemption pressure and higher management fees of the index funds in India, are the major factors contributing to higher level of tracking error.
Abstract: Purpose of the study: The paper aims at finding how effectively the index funds in India are being able to observe the strategy ‘indexing’, setting tracking error as the critical factor. Background of the study: The belief that financial markets are efficient and it is therefore impossible to consistently beat the aggregate market has led to the em...
Show More
-
Investigating People’s Role in Flood Control and Management in West Bengal-A Case Study
Issue:
Volume 1, Issue 1, June 2015
Pages:
41-47
Received:
28 June 2015
Accepted:
24 July 2015
Published:
25 July 2015
DOI:
10.11648/j.ajtab.20150101.17
Downloads:
Views:
Abstract: Purpose of the study: The present study investigates the disaster affected people as well as the role of people in flood control and management in West Bengal. Background: A holistic and integrated approach in the direction of flood management is crucial both for pre-disaster preventive, mitigation and preparedness along with usual post disaster response. Methodology: This study is based on primary data collected through structured questionnaires and secondary data has been collected from government records and the records of the study area. In the course of analysis, descriptive statistics and regression analysis have been used. Results: Empirical results indicate that major areas of the study block are frequently affected by flood and most of the people are affected by flood almost every year but people’s role regarding flood management is reasonably not bad for flood control and management
Abstract: Purpose of the study: The present study investigates the disaster affected people as well as the role of people in flood control and management in West Bengal. Background: A holistic and integrated approach in the direction of flood management is crucial both for pre-disaster preventive, mitigation and preparedness along with usual post disaster re...
Show More
