The Long and the Short of It: Do Public and Private Firms Invest Differently?

Abstract Using data from U.S. corporate tax returns, which provide a sample representative of the universe of U.S. corporations, we investigate the differential investment propensities of public and private firms. Re-weighting the data to generate observationally comparable sets of public and private firms, we find robust evidence that public firms invest more overall, particularly in Read More …

Validity of Altman’s ā€œZā€ Score Model in Predicting Financial Distress of Pharmaceutical Companies

Abstract Prediction of financial distress has been a major concern for all companies since the financial crisis of 2008. Financial distress is detrimental to big and small organisations alike. It is costly because it creates a tendency for firms to do things that are harmful to debt holders and non financial stakeholders, impairing access to Read More …

Interest rate pass through in India: Bank Lending Channel

Abstract This paper presents the latest evidence for monetary policy transmission in the form of interest rate pass through, from the perspective of the bank lending channel. With the help of the co-integration and error correction mechanism, it has been observed that there is partial pass through to commercial bank lending rates in the Indian Read More …

Personality Dimensions as a correlate of Work Engagement: A Study of working women in Indore city

Work engagement is a vital HR variable for all organizations to sail through in this cut-throat era of competition as engaged employees are brand representatives and help the organization deliver superior performance to gain competitive advantage. Different personality dimensions relate to satisfaction in a particular task (Judge, Heller & Mount, 2002), predict job performance in Read More …

Bank Recapitalisation: Bail-out or Bail-in

Author Sashi Sivramkrishna Abstract Using sectoral T-accounts, this paper analyzes the implications of bank bail-outs and bank bail-ins. Contrary to popular opinion, bank bail-outs do not utilize taxpayers’ money. Moreover, bank bail-outs funded through recapitalization bonds or deficit financing and bail-ins have similar net effects on sectoral balance sheets. There are, however, questions of moral Read More …

Potential GDP Growth for China and India: What Growth Rate is Sustainable

Author Paul Kutasovic New York Institute Of Technology Abstract In this manuscript, we determine the sources of historic growth for the economies of India and China. Next, we estimate potential GDP growth for each country. The study concludes that India is more favorably positioned for long-term growth than China with a higher steady state growth Read More …