Advances in Finance & Applied Economics

Contents

About the Editors

Development Economics

Federalism in India: An Economic Analysis

1 Introduction and Literature Review

2 Institutional Background

3 Data

4 Results

4.1 Governance

4.2 Economic Outcomes

5 Further Work

References

Econometric Analysis of Growth Inclusiveness in India: Evidence from Cross-Sectional Data

1 Review of the Literature

1.1 The Pre-Washington Consensus (PWC)

1.2 The Washington Consensus (WC)

1.3 Sustainable Development

1.4 Human Development

1.5 The Post-Washington Consensus (Post-WC)

1.6 The Pro-poor Growth (PPG)

1.7 Millennium Development Goals (MDGs)

1.8 Inclusive Growth

2 Methodology

2.1 Framework of Analysis

2.2 Estimation Procedure and the Predictive Role of Independent Variables

2.3 Data Sets and Data Sources:

2.4 Variables and Their Notations

2.5 Model Specifications Six Models Have Been Framed as Given Below, Both for 2001 and 2011

3 Results and Discussion

3.1 Evaluating the Regression Models

3.2 Economic Dimension—2001 and 2011

3.3 Amenities Dimension—2001 and 2011

3.4 Human Development Dimension—2001 and 2011

3.5 Gender Equity and Financial Inclusion Dimension—2001 and 2011

3.6 Sustainability Dimension—2001 and 2011

3.7 Governance Dimension—2001 and 2011

4 Concluding Observations

References

Environmental Economics

Assessing an Investor’s Decision to Invest in Solar Power Across Indian States

1 Introduction

1.1 Overview of Energy Sector

1.2 Indian Perspective

2 Literature Review

3 Methodology

3.1 Costs

3.2 Solar Policies

3.3 Corruption

3.4 Final Rankings

4 Result and Analysis

4.1 Cost

4.2 Solar Policies

4.3 Corruption

5 Conclusion, Limitations, and Further Scope

Appendix

References

Urban Sprawl and Transport Sustainability on Highway Corridors Using Stake Holder Analysis

1 Development Bank

2 Conclusion

References

Policy Interventions for Sustainable Solid Waste Management in Developing Countries

1 Introduction

2 Categorising Solid Wastes

3 Theories and Concepts Related to Waste Management

3.1 Theories

3.2 Concepts and Approaches

4 Current Waste Management Practices

5 Instruments of Waste Management

6 Use of Policy Instruments for Solid Waste Management

7 Summary and Conclusion

References

Monetary Economics

MUDRA: The Transformation of Microfinance in India: Review, Experiences and Future Prospect

1 Introduction

2 Microfinance

2.1 Concept

2.2 Requirement

2.3 Origin

2.4 Function

2.5 Growth of Microfinance in India

3 Objective

4 Methodology and Data Sources

5 Major Findings

5.1 Progress

5.2 Region-Wise Performance by Banks (Number of Accounts)

5.3 Region-Wise Performance by Banks (Amount Disbursed)

6 Conclusion

References

Impact of Fiscal Policy Initiatives on Inflation in India

1 Introduction

2 Impact of Government Expenditure on Inflation

3 Models and Data

4 Empirical Analysis

5 Conclusion

References

Monetary Policy and Private Investment in India: The MIDAS Experience

1 Introduction

2 Methodology

2.1 Quarterly VAR Model

2.2 Mixed-Frequency VAR

3 Data

3.1 Descriptive Data Analysis

4 Empirical Results

4.1 Quarterly VAR

4.2 Mixed-Frequency VAR

5 Conclusion

References

Public Economics

Incidence of Specific or Employment Tax in Non-Walrasian Fixed Price Model with Efficiency Wage

1 Introduction

2 The Basic Model

2.1 The Firm

2.2 The Household

2.3 The Government

3 Regime Classification

4 Regime with Commodity Demand Constraint (RWDC)

4.1 Incidence of Specific Tax in RWDC

5 Conclusion

Appendix

References

Married Women’s Education Levels and Agency Outside the Home: Evidence from Rural India

1 Introduction

2 Agency and Education

3 Data and Variables

3.1 Outcome Variables

3.2 Explanatory Variables

4 Empirical Strategy

5 Results

5.1 Descriptive Statistics

5.2 Regression Results

5.3 Discussion

6 Conclusion

References

Behavioral Economics

Mental Accounting—Saving with Virtual Shoeboxes

1 Introduction

2 The Experiment

3 Findings

4 Limitations

5 Conclusion

References

Trading Behaviour of Investor Categories and Its Impact on Indian Equity Market

1 Introduction

2 Brief Survey of Literature

2.1 Trade Volume, Return and Volatility

2.2 Trading Behaviour of Categories of Investors

3 Data and Methodology

4 Empirical Results and Discussion

4.1 Identification of Common Characteristics Across Investor Categories

4.2 Common Characteristics of Investor Categories Trading and Economic Fundamentals

4.3 Investor Categories Trading Behaviour and Irrational Behaviour in Indian Equity Market

4.4 Trading Behaviour of Investor Categories and Major Indices in Indian Market

5 Conclusion

References

Corporate Finance

Ownership Classification and Technical Efficiency in Indian Manufacturing Firms: A Stochastic Frontier Approach

1 Introduction

2 Literature Review

3 Empirical Estimation Framework

4 Data and Methodology

4.1 Data

4.2 Measures of Financial Constraints

4.3 Definition of Variables

4.4 Methodology

5 Findings and Discussions

6 Conclusions

References

Investment Trends in Venture Capital and Private Equity in India

1 Introduction

2 Objective of the Study

3 Literature Review

4 Data Sources and Methodology

5 Analysis of Investment Trends of VCPE Investments in India

6 Analysis of YOY Growth Rate for Value of VCPE Investments’ Period Wise

7 Analysis of CAGR for Value of VCPE Investments and Number of VCPE Deals

8 Analysis of Aggregate Industry Wise VCPE Investments in Value and Number of Deals

9 Industry Growth Through VCPE Investments Measured by CAGR

10 Analysis of Total VCPE Investments Stage Wise by Value and Number of Deals

11 Analysis of Seasonal Variations in the VCPE Investments Stage Wise

12 From 1998 to 2003

13 From 2004 to 2009

14 From 2010 to 2016

15 Analysis of CAGR of VCPE Investments Stage Wise

16 Conclusion

References

Impact of Firms’ Market Value on Capital Structure Decisions: Panel Data Evidence from Indian Manufacturing Firms

1 Introduction

2 Determinants of Capital Structure: Theory and Evidence

3 Capital Structure—Some Stylized Facts

4 Source of Data and Methodology

5 Findings and Discussions

6 Conclusion

References

Corporate Governance and Cash Holdings: An Empirical Investigation of Indian Companies

1 Introduction

2 Review of the Literature

2.1 Corporate Governance and Cash Holdings

2.2 Corporate Governance Mechanisms

2.3 Measurement of Corporate Governance

3 Data and Sample

4 Variable Description

4.1 Cash Holdings

4.2 Corporate Governance Variables

4.3 Financial and Control Variables

5 Research Design

6 Empirical Results

7 Conclusion

References

Financial Risk Management

Empirical Analysis of the Determinants of Dividend Payouts of Indian Banking Stocks Using Panel Data Econometrics

1 Introduction

2 Research Design

2.1 Statement of the Problem

2.2 Review of Literature

2.3 Research Gap

2.4 Scope for Further Research

3 Research Methodology

3.1 Objectives for the Study

3.2 Research Hypothesis

3.3 Data Collection

3.4 Panel Data Econometrics

3.5 Limitations of the Study

4 Data Analysis and Interpretation

4.1 Dependent Variable

4.2 Independent Variables

4.3 Capital Structure

4.4 Earnings Per Share

4.5 Return on Assets

4.6 Size of the Firm

4.7 Panel Data Analysis: Summary Report for Panel Data Analysis

4.8 Pooled OLS (Ordinary Least-Squares) Model

5 Findings

6 Conclusion

7 Suggestions and Scope for Further Research

References

Asset Liability Management in Commercial Banks in India

1 Introduction

2 Review of Literature

3 Research Methodology

3.1 Rate Sensitivity Assets

3.2 Rate Sensitivity Liabilities

3.3 Interest Sensitivity Ratio

3.4 Net Interest Income

3.5 Net Interest by Total Funds Ratio

3.6 Gap Analysis

4 Findings and Analysis of the Study

5 Conclusion

6 Limitations of the Study

7 Future Research Possibilities

References