Transformation of NMIMS – A Case Study on making of an Institution

Institutions are an outcome of a leader’s dream, vision and strategy. In the context of knowledge organizations like educational institutions, which involve talent management, its intangibility, values and culture define the institution. These characteristics differentiate it from all other forms of organization. For example, the culture of collegiality and consensus building helps in making a Read More …

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 “Z” 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 …

Trade Liberalization and Inequality: Re-examining Theory and Empirical Evidence

This paper re-examines the theoretical and empirical evidence regarding the impact of trade liberalization on income inequality and attempts to identify areas for future research. Since the 1980s, there has been a rise in inequality in both the developed and developing world. This was also the time when many developing countries liberalised their trade regimes, Read More …

Application of k-Laplace transform to estimate the time value of money in quantitative finance

Author V. R. Lakshmi Gorty Abstract In this study, the fractional Laplace transforms is shown to be more useful to deduce existing value rules. Not many analytic solutions exist for present value problems; with k-Laplace transforms, some of the closed form solutions are efficient. The boundary of the integral is from 0 to some finite Read More …

Nature of Relationship Between Inflation and Savings: Evidence from India

Author – Madhunika Iyer, under the Guidance of Dr. Shreya Biswas Abstract This paper investigates the importance of inflation in explaining the recent slowdown in savings in India using time series data for the period 1971-2015. Using Autoregressive Distributed Lag Co-integration technique, it was estimated that in the long-run, inflation has a negative impact on Read More …

The True Legacy of Communism

Author MAHFUZ R. CHOWDHURY Abstract The socio-economic system that we used to live in was known as capitalism, where people could use their private properties for their personal gain. With the advent of the industrial revolution in the late eighteenth century, the exploitation of the labor class under capitalism became very prominent. To counter this, Read More …