Publications


Publications


Abstract This study was conducted to assess the impact of merger and acquisition activities on the performance of Banks in India. The paper reviews the trends in M&A’s in Indian banking and then impact of M&A’s has been studied in three leading banks of India. The study covers the area of performance evaluation of M&A’s in Indian banking sector during the period pre and post period of six years of Merger and Acquisition activity. The paper studied the post-merger financial performance of merged banks with the help of financial parameters like, Net Profit margin, operating Profit margin, return on Capital Employed, Return on Equity, earnings per share, capital adequacy ratio, dividend per share etc. The findings indicated that strategies and policies in procedural, physical and socio-cultural contexts were very important factors in the post-merger and acquisition process. In addition, the qualitative impacts of the post M&A activities such as accounting reports, market valuations and key informant descriptions are enormous and vital to improve the performance of the Bank and its capabilities. The study recommended that policies and strategies instituted by management, for instance the credit policy, should be re-visited in order to enhance internal and external operations, the logistical framework support should be improved; a more comprehensive approach to integrated marketing communications mix should be put in place in the promotion of the Bank’s existing and added products so as to gain more market share. Read More

Amity Business
Review

Event Study on Appointment and Removal of Chairman:
Case of Tata Group

Amity Business Review
Vol. 19, No. 1
Publication year: January - June, 2018

Abstract Impulsive nature of stock movements is researched a lot. Fundamental analysis captures all the events in the long run. Technical analysis studies the past prices and volumes to forecast future price trends. Both, charts and fundamentals adjust itself to new information hitting the market.
This study is proposed to map the impact of entry and exit of key person in the organization on the stock returns. Cyrus Mistry took charge as Chairman of Tata Sons in 2012 and he was removed in 2016. Investors reacted to both in an impulsive manner. Shares of all the listed companies of Tata group traded with high volume and volatility following thisnews. This study will be studying the event of appointment and removal of Chairman (Cyrus Mistry) on the stock returns of listed shares of Tata Group.
The eleven listed stocks of Tata group will be taken as samples and stock movements will be analyzed for the 8 trading sessions. Phenomenon of Excess returns will be used to study the impact of the event. Paired T-test has been employed to analyze the impact on excess return before and after the announcement of appointment and removal of the Chairman. Read More

Abstract The purpose of the study was to correlate bank investments into Corporate Social Responsibility (CSR) initiatives with the financial performance of profitability measured as Return on Assets (RAO) or Return on Equity (ROE). The selected bank from UAE was Abu Dhabi Commercial Bank (ADCB). From Bangladesh, the selected Public Commercial Banks were Dutch-Bangla Bank Ltd. (DBBL) and Islami Bank Bangladesh Ltd (IBBL) and selected State-Owned Banks are Janata Bank Ltd (JBL) and Rupali Bank Ltd. (RBL). From India, the selected banks were ICICI and Axis. The study methodology was KLD Research Analytics and Correlation Coefficient of the Year on Year (YoY) change of the CSR versus profits. There were result outcomes across all these tests. The YoY comparison for ADCB from UAE shows a negative coefficient but strengthening the correlation between CSR and profitability over the five year period. The YoY comparison of ICICI for CSR % to profitability impact had weak correlation and fluctuating coefficient. The YoY comparison for Axis bank showed that the correlation between CSR expenditure and profit is largely positive and the coefficient is also significant. The comparison for PCBs DBBL and IBBL revealed that there was a positive correlation with the profitability, but the YoY CSR% to profitability change shows a weak coefficient. The comparison between the State-Owned Banks JBL and RBL shows that the YoY comparison of CSR% to profitability has a weak correlation but insignificant coefficient. In conclusion, banks should undertake ethical CSR when pursuing profitability. Read More

Corporate Social Responsibility and Impact on Profitability of Banks in the United Arab Emirates

Middle East Journal of Business
Vol. 12 Issue 1
Publication year: Jan 2017

Abstract In the past 15 years there has been a strong drive for excellence in the United Arab Emirates (UAE). However, in their strive for excellence UAE organizations depend heavily on excellence frameworks developed in the Western world. But when applying these management techniques one has to take into account the context in which they are used as literature has shown that Western management techniques cannot indiscriminately be transferred into non-Western contexts. This article describes exploratory research in which an HPO framework, as developed by de Waal (2006, 2012) is tested in the UAE context at a manufacturing company, in order to gauge whether this framework can be used successfully at an UAE organization to evaluate this organization's performance and to point out improvements. The research results showed that the HPO Framework is able to accurately evaluate the situation of this manufacturing company and to yield targeted recommendations to improve the performance of the company. Read More

International Journal of Research in Banking and Finance (IJRBF)

Emirates Institute for Banking & Financial Studies
Vol. 2 Issue 1
Publication year: Dec 2016

Abstract In spite of their increasing participation in the workforce, women are still under represented in positions of higher authority. While several studies dealt with woman participation in the workforce, at the international, regional and local levels, few focused on women in the banking sector in the UAE. This research attempted to fill in a gap by exploring the perceptions of women in the banking sector in UAE about their career advancement. The exploration was mandated by the fact that the banking sector plays an important role in the economy, and employs a considerable number of women. Utilizing a survey methodology with a representative sample of woman in the banking sector, this research addressed a number of questions, mainly whether there are any barriers facing their career advancement and whether those barriers can be dealt with effectively? The results of testing the hypotheses rejected the hypothesis that there is no limit to women advancement in the career ladder. The findings also showed that there is a weak positive correlation between women’s years of experience and their level in management, and there is a strong positive relationship between women’s level of education and their level in management. Several recommendations were thus presented to overcome those barriers including: managerial support, rewards, training, encouragement, better coaching flexible working hours and networking. Read More

Impact of Value Creation on Stock Prices: A Study of Amazon.Com, Inc

Emirates Institute for Banking & Financial Studies
Vol. 12 Issue 2
Publication year: April 2016

Abstract The handwriting has been on the wall for a long time, but a lacklustre economy and ongoing financial turmoil have underscored the broad trend that has fundamentally altered how private equity investors make money. Private equity firms can no longer rely solely on the power of leverage and ever-expanding price-earnings multiples to generate superior returns. More private equity firms wielding more capital have bid up acquisition prices, putting pressure on potential investment gains. In this study, one of the most common indicators, Relative Strength Index (RSI) was used to analyse the market movements of Amazon.com, Inc. over a period of the last 290 days. As the study describes the existing price movements of the selected company, the research design followed was descriptive and analytical research design. The company was chosen completely on the basis of convenient sampling technique which is non-probability in nature. This study is significant for investors and traders as it leads to identify the level of price movement that further helps in understanding buying and selling situations in the market by identifying support and resistance levels. Read More

Commercial Paper An Instrument Of Low Cost Borrowing.

International Journals of Multidisciplinary Research Academy (IJMRA)
Vol. 5 Issue 8
Publication year: August 2015

Abstract Due to intense competition , instable market conditions, instable market conditions , Indian companies are trying to work on low cost model and for that trying to find the cheaper sources of funds to meet their short term capital requirement at cheap interest rate . Commercial paper is one of the such instrument. Read More

Analyzing the Medical and Non-medical aspects of Medical Consultation in the city of Visakhapatnam

Middle East Journal of Family Medicine
Vol. 13 Issue 3
Publication year: April - May 2015

Abstract The Indian healthcare industry has the potential to reach $ 280 billion by 2020 (KPMG Report) reflecting a compounded growth of 17-18%. Indian health care is witnessing a huge change in the form of disease profile. Currently, 34% of death is happening due to infectious disease and 53% of death is due to lifestyle diseases. In spite of the technological advancement in medical sciences, diseases are engulfing human life. It creates a perplexed situation. The patient enters a medical practitioners' chamber with a high hope at the appointed time, but this consultation session is both a meaningful or superficial interaction. It is indeed a situation of dilemma
This case highlights the dilemma that exists in the medical practitioner's chamber related to patient interaction. Basically, consultation session in the medical practitioners' chamber varies from one patient to another. There are various reasons for this variation. Maybe the patient is a first timer or the patient is accompanied by an attendant or the presence of a pharmaceutical manager in medical practitioner's chamber is creating the difference. It can be also due to change in disease profile (infectious or lifestyle related). The public sector is keenly participating in the treatment of communicable diseases and the private sector is trying for lifestyle related diseases.
This case study is an observational study conducted at Visakhapatnam (port city in Andhra Pradesh). Visakhapatnam has been a centre of pharmaceutical companies from the last one decade. Three specialties (Cardiologist, diabetologist and Oncologist) were selected. Different situations were recorded and analyzed in these consulting sessions through observational schedule. Results indicated there are many reasons for the uniqueness. It can be used as training materials to the medical representatives as they get to know what exactly is happening in the chamber and helps them in preparing for their meeting with the doctors. Read More

Customer progression and perception about premium men's apparel brands: A case of Indian male professionals

Middle East Journal of Business
Vol. 10 Issue 1
Publication year: Jan 2015

Abstract A major challenge before companies today is to understand the hybrid behavior of the customer. On one side customers are becoming price sensitive for bargains and on the other they want to enjoy world class brands and luxury goods. Literature also shows that in recent time there is a considerably huge economic rise of disposable income within the middle class which is leading to consumption of branded products in masses. Today luxury brand have changed to affordable luxury brand and will change to premium brands in the near future. This study explores the variables influencing consumer progression and perception towards premium brands. This study also explores the relationship between demographics and the brand preference. To accomplish this task a questionnaire was prepared and a total of 190 respondents who have earned a professional degree like engineering or management or some higher educations like Ph.D were interviewed. We have considered those respondents who are employed in private or government sectors only. It was found that most consumers associated greater accessibility of premium brands in the Indian market with better quality, though at higher price as they evaluate them higher on quality, status and esteem. This paper tries to segment the market on the basis of different clusters and also tries to find factors affecting the perception of customers for the buying of apparel. Read More

A cross sectional study of online shopping behavior trends of electronics in UAE: A case of Ajman

Middle East Journal of Business
Vol. 9 Issue 3
Publication year: July 2014

Abstract Read More

Market volatility and Mutual Fund: Investors’ perception in Management Insights

G B S Journal
Vol. 9 Issue 3
Publication year: January 2013

Abstract Read More

Book review in Amity Business Review

Middle East Journal of Business
Publication year: June 2012

Abstract Read More

ProQuest

Centralization of Microfinance

ICFAI Journal of Entrepreneurship development
Vol. 5 Issue 8
Publication year: July 2011

Abstract Read More

Microfinance : A tool to Empower Rural Women in Micro & Small Scale Enterprise Development

Integral University Lucknow
Vol. 2 Issue 2
Publication year: December 2009

Abstract Microfinance is gathering momentum to become a major force in India. It is in very high demand in urban areas and it has also found its way in the rural sector. The organizations had taken an initiative to lend to groups of (often) poor women without collateral. It is an initiative to promote the rural women in starting an organization. The paper discusses the problems faced by the clients as well as the microfinance institutions in the rural area. With traditionally loss-making rural banks shifting their portfolio away from the rural poor in the post reform period, self help group based microfinance, nurtured and aided by NGOs, have become an important alternative to traditional leading in terms of reaching the poor without incurring a fortune in operating and monitoring costs. The government and NABARD have recognized this and have emphasized the SHG approach and worked along with NGOs in its initiatives. Microfinance in India is still presently too small to create a massive impact in poverty alleviation, but if pursued with skill and opportunity development of the poor, it holds the promise to alter the socioeconomic face of the India’s rural sector by promoting small scale enterprise and uplifting the rural women. Read More

Vulnerability if India for sub Prime Housing Crisis

New Delhi Institute of Management
Vol. 6 Issue 2
Publication year: July-December, 2008

Abstract The financial markets are in turmoil. Biggest names in the Investment banking are falling like pack of cards. This is happening in a country which is the torch bearer of Economic reforms and liberalization. We have reached a point where now it is being discussed that whether we should have liberal/free economic reform. Lehman Brothers, AIG, Merrilych are facing the liquidity crisis because of the lending to the Subprime borrowers, who did not have the credibility and credentials to borrow funds from the bankers for taking a housing property, but were given loans because of the boom in the real estate market in USA and because Banks were getting higher interest from these subprime borrowers. Read More

FDI- A Boon For Development

D.A.V. Centenary College
Journal Issue: 01
Publication year: 2006-07

Abstract India, among the international investors, is believed to be a good investment despite political uncertainty, bureaucratic hassles, shortages of power and infrastructure deficiencies. India presents a vast potential for overseas investment and is actively encouraging the entrance of foreign players into the market. No company, of any size, aspiring to be a global player can, for long ignore this country which is expected to become one of the top three emerging economies. In this paper author has tried to find out the reasons why India need FDI and also list the most attractive sector for FDI. Read More

Entrepreneur: Key to Economic Development

New Delhi Institute of Management
Vol. 4 Annual Issue
Publication year: 2006

Abstract Economic development involves both rapid and steady growth in income and employment and other indicators of welfare. A trade off exist between rapid economic growth and stable economic growth and overall economic performance generally depends on both the diversity of the local industrial structure and characteristics of dominant industries. So, the mere presence of jobs doesn’t guarantee increases income on increased well being. The type of jobs available is a significant determinant of income level. The entrepreneurship and economic growth are very closely and positively linked together. An increase in the number of entrepreneurs leads to an increase in economic growth. This effect is a result of the concrete expression of their skills, and more precisely, their propensity to innovate. In this paper I have tried to relate entrepreneur with economic development.

Patent Regime of India

New Delhi Institute of Management
Vol. 3 Supplementary Issue
Publication year: July-Dec, 2005

Abstract On March 23, 2005, the Indian Parliament passed the Patent (Amendment) Bill 2005 (Bill No. 32-C of 2005). It was the third amendment to the Indian Patent Act (1970). The amended Patent Act conforms to requirements set forth by the World Trade Organization’s (WTO) Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS). This paper analyzes the new amendments and throws light on the Indian pharmaceutical industries in the new patent regime.

VAT : An Overview

New Delhi Institute of Management
Vol. 3 Supplementary Issue
Publication year: Jan-June, 2005

Abstract Globally, VAT is regarded as a tax that is best levied by the Central Government – a condition that is difficult to meet in a federal system such as ours. It is true that more than 130 countries have adopted VAT, but most of them have unitary systems of government. VAT is a centrally- administered tax with a revenue-sharing mechanism. It is hard to visualize VAT as a revenue-neutral measure, or one where the states will not lose out in relation to the present system, in a federal set-up. However, states and provinces in a few large federal countries like Brazil, and , to a lesser extent, Canada, have adopted VAT, with varying degrees of success the implementation of VAT is closely linked to the administration of the other indirect taxes and impacts the tax to GDP ratio. Most countries have taken several years to implement VAT. In India Empowered Committee of the Finance Ministers of the State had proposed to implement VAT in India from 1st April 2003 but we actually implement it on 1st April 2005.



CONTRIBUTION IN BOOKS/REVIEWER


Management: Concept, Practice and Cases - Tata McGraw Hill Education Private Limitied
Cases in Management - Eastern Economy Edition