Namita Rajput

Investor Sentiment in India: A Survey

In this paper we examine definitional aspect of Investor Sentiment, the key economic, market and regulatory factors that influence investor sentiment and the relationship between investor sentiment and market performance. There seems to be no clear consensus on the concept of investor sentiment and hence any meaningful definition ought to be inclusive and fluid. The important economic factors highlighted in the work are: Real GDP, Corporate Profits, Rate of Inflation, Level of Interest Rate, and Liquidity in the Economy. The market based factors that can be linked to Investor Sentiment are: Put Call Ratio, Advance Decline Ratio, Earning Surprises, P/E Ratio, and Price to Book Value. The regulatory framework of a financial market does seem to have a strong bearing on investor sentiment especially the legal provisions relating to corporate governance and Grievance Redressal Mechanism. Most respondents believe that investors sentiment and market returns are bilaterally co-related. Our findings are largely in conformity with recent studies for other capital markets. These findings can be used to develop a comprehensive Investor Sentiment Index for India and hence have significant implications for investors, market intermediaries and financial regulators.

Women Entrepreneurship in 21st Century: India

In 21st Century, the conversion of social structure of the Indian society, in terms of increased educational position of women and different aspiration for better living, impose a change in the life style of Indian women. Developing and developed nations have realized that developing women venture capital is essential to flourish, as economically leading nations in the modern high-tech world. Therefore, formation of platform and network for women entrepreneurial culture are prominent issues across the globe. This paper of Women entrepreneurship has been encouraged by gender inequality problems. In Indian aura men are always considered as fiscal supporter for his family as well as for the nation and women are treated as a care taker of the clan rather than an monetary support. The main objectives of this paper are to have deep insights of conceptual framework of women entrepreneurship and its advantages, contemporary status of women entrepreneurship in India.

Efficiency of public sector banks operating in India: post-reforms period analysis

The Indian banking sector has witnessed a series of reforms since 1991 with the major objective to promote flexibility, operational autonomy and competition in the system and to raise the banking standards in India to the international best practices. There is a change in the importance of public sector banks because of the entry of foreign and private sector banks. In the recent past, the banking industry has succeeded to draw attention of investors by its steady performance and tremendous prospects to grow and to meet broad challenges like threats of risks from globalisation; implementation of Basel II; improvement of risk management systems; implementation of new accounting standards; enhancement of transparency and disclosures etc. The competitive pressures force banks to improve their efficiency scores, and mapping the progressive pathway is an education tool for investors. In this backdrop, this study evaluates the technical efficiency (TE) of public sector banks (PSBs) operating in India during the post reforms period from 1992-1993 to 2009-2010, using non-parametric linear programming-based technique data envelopment analysis (DEA). The results exhibit the positive impact and greater propel of reforms on 20 banks and seven showed an inverse trend.

Carbon Credit Market in India: An Empirical Analysis

The world at present faces threat of slow extinction due to havoc attributed to climate change, of which rising natural temperature of the world is main concern. Nations all over the world are expressing their concern and solidarity to curb this gigantic menace. The U.N.F.C.C.C. developed a protocol at Kyoto that associates financial implications for carbon emissions by nations. The outcome of the protocol was germination of trading in carbon market by introduction of Carbon emission reduction (C.E.R) units. The carbon trade began in our country in year 2008 with carbon being listed as a commodity on Multi Commodity Exchange of India. Many other developing countries followed same, with Chicago Climate Exchange and European Union trade as the benchmark indices of carbon trade. Carbon trade in India contributed to financial gains in tern of revenue generation by use of carbon reduction technologies as well as capital gains attributed to the trade. The paper shall try to study the impact of other similar indices suchas the greenex, I.I.P. powered and the population of our country on carbon market and vice versa.

Does Environment Sensitivity Pay? An Empirical Study of Indian Companies

Less polluting firms that employ green processes and follow better environmental policies have become preferred mode of investment asset class. The concern of businesses on environment is continuously being reflected in the long term focus and strategic planning. The primary aim of the present paper is to examine the relationship between environmental performance and financial performance of Indian companies that have been rated under Green Rating Project of Centre for Science and Environment from FY 2011 to FY 2015. The environmental performance is measured in terms of the ratings provided under the Green Rating Project while the financial performance is measured in terms of net profit margin. Regression analysis is performed on the data and the results show that higher score on the green index has a positive effect on financial performance for automobile and caustic chlorine and cement sectors. Also the firms sensitivity towards the environment leads to better management of costs and lower monitoring costs, thereby increasing profits.

“Good Business Versus Being Good In Business”—Relationship Between Financial Performance and Corporate Social Responsibility in India

Is the goal of wealth creation by a corporation antithesis of concern for society, or does it lead to social benefits? Though the search for a linkage between corporate social performance (CSP) and corporate financial performance (CFP) began as early as the 20th century, it still remains inconclusive. The purpose of this investigation is to extend earlier research on the relationship between corporate social and financial performance in the Indian context. The study is motivated by the need to understand elements of CSP in the Indian environment since it is only in recent times that Indian corporate have started viewing CSP as a business necessity.

Internet Banking Customer Satisfaction: An Empirical Study in Delhi and NCR

Internet banking is a delivery channel for banks in India. The i-banking channel is both transactional and informative. While looking at the impact of Internet banking in industries it has been noticed that it has helped to remove the constraint of time, distance and communication thus, making world a global village. The study was conducted with an objective to study the overall satisfaction of the consumers with the quality of services. Also, to know the perception of customers on all the dimensions of service quality and to know whether the dimensions service quality are significantly associated with each other. A structured questionnaire was drafted to collect data regarding the customer opinion on Internet Banking Provider. The sample size of 100 was taken from Delhi and NCR. The data contains the personal details, demographic details and perception of Customers on all dimensions of service quality. To achieve the objective reliability test, T-Test, Correlation, Servqual was conducted. This study brought out clearly that the expectations of the customers on the service quality items are higher than the banks actual performance.