01
Original Article
Open Access
Balanced Scorecard Evaluation of the Performance of Indian Public Sector Banks
V. Annapurna, G. Manchala
· pp. 7–21
DOI: 10.17010/ijf/2017/v11i9/118085
This study used the balanced scorecard (BSC) concept developed by Kaplan and Norton (1992). The empirical study evaluated the performance of top three public sector banks in India namely, State Bank of India, Bank of Baroda, and Punjab National Bank …
Keywords:
Balanced Scorecard, Public Sector Banks, Performance and Profitability
02
Original Article
Open Access
The Impact of Mergers and Acquisitions on Shareholders' Value : An Empirical Analysis of Select Indian Companies
Shree Prakash
· pp. 22–38
DOI: 10.17010/ijf/2017/v11i9/118087
The present study analyzed the shareholder value creation by examining the short-run abnormal returns accruing to the shareholders of acquiring, target, and hypothetical combined entities on announcement of mergers and acquisitions (M&As;) during 2000 - 2010 using the market-adjusted model …
Keywords:
Mergers, Acquisitions, Acquirers, Targets, Combined Entity, Shareholder Value, Abnormal Returns, Event Study
03
Original Article
Open Access
Dynamics of Indian Foreign Exchange Market Efficiency : An Adaptive Market Hypothesis Approach
Sashikanta Khuntia, J. K. Pattanayak
· pp. 39–52
DOI: 10.17010/ijf/2017/v11i9/118088
Adaptive market hypothesis (AMH), a recent evolution in the field of finance, advocates that market efficiency is a time-variant element. In the present study, we empirically verified the time-varying degrees of market efficiency as per the propositions of AMH in …
Keywords:
Efficient Market Hypothesis, Adaptive Market Hypothesis, Nonlinear Tests, Foreign Exchange Market
04
Original Article
Open Access
Co-Movement and Integration Among Stock Markets : A Study of 14 Countries
Ritesh Jayantibhai Patel
· pp. 53–66
DOI: 10.17010/ijf/2017/v11i9/118089
This paper explored the comovement among 14 stock markets, namely BSE, BVSP, FTSE -100, Hang Seng, JKSE, KSE, KSE (Korea), MXX, NASDAQ, NIKKI, RTS, SSE, SSMI, and TSEC. Daily index of all stock markets covering a period from January 1, …
Keywords:
Comovement, Cointegration, Granger Causality, Emerging Markets F210, F290, F320, F360, G110, G150
