Articles
Work-Life Balance Revisited
Rituranjan, Reetesh K. Singh, Saumya Singhel
Volume 33, Issue 1 (April 2012 to September 2012)Abstract
Download ArticleA Fuzzy Relation Based Decision Support System for Financial Ratio Analysis
Shirin Rathore and K. Latha
Volume 13, Issue 1 (July 1992 to December 1992)Abstract
Download ArticleTesting the Validity of Capital Asset Pricing Model for the Mid-Cap Stocks on the Bombay Stock Exchange
Stuti Gulati, Hamendra Kumar Porwal, Rohini Singh
Volume 33, Issue 2 (October 2012 to March 2013)Abstract
Download ArticleFinancial Inclusion in India: Retrospect and Prospects
Ritu Ranjan
Volume 35, Issue 1 (April 2014 to September 2014)Abstract
Download ArticleFactors influencing the Stock Purchase Decisions of Individual Investors of Punjab: An Empirical Study
Sangeeta Arora, Kanika Marwaha
Volume 34, Issue 2 (October 2013 to March 2014)Abstract
Download ArticleBank Monitoring as an Alternative Corporate Force and its Impact on the Value of Borrower Firm
Neeraj Kumar, Madhu Vij, Narain
Volume 42, Issue 2 (July 2021 to December 2021)Abstract
Download ArticleWe have analysed the effectiveness of monitoring by banks as a tool of corporate governance and the impact it has on the value of the borrowing firms. We used three indicators as proxies for strong bank monitoring on a company- a) substantial ratio of bank debt to overall debt, b) borrowings from private banks and c) sizeable banking relationships. A dataset comprising Indian non-financial companies from years 2003-2018 was used in our panel-data regression models. We considered a robust sample size of observations, consisting ~2269 firm years from public as well as private organizations. The result outcomes from our study show that all the three measures significantly impact the value of the borrower firm. However, while the share of bank borrowing as well as the type of banker are significant factors that have positive influence on the value, the number of different banking relations has an inverse impact on the same. Borrowing from multiple banks leads to drop infirm value, proving that a single bank relationship is stronger means of corporate governance as it mitigates any "free-rider" problems. This indicates that only the banks with high quality active monitoring play a key governance role, thus improving firm value.
Impact of Direct Tax Code on Individual Investment Choices
Mahesh Kumar, Narinder Kaur, Vinod Kumar
Volume 32, Issue 2 (October 2011 to March 2012)Abstract
Download ArticleMultinational Corporations - Agents of Economic Imperialism
A. K. Arya
Volume 9, Issue 1 (January 1978 to June 1978)Abstract
Download ArticleSpeculation at the Indian Stock Exchanges
U.L. Gupta
Volume 2, Issue 3 (September 1969 to December 1969)Abstract
Download ArticleRecession hits Engineering Industry
R.N. Goyale
Volume 1, Issue 1 (January 1968 to June 1968)Abstract
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