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Rosario, Shireen
- Impact of Economic Policy Uncertainity on Key Economic Indicators of India
Abstract Views :209 |
PDF Views:109
Authors
Affiliations
1 Department of Accounting, College of Commerce and Business Administration, Dhofar University, OM
1 Department of Accounting, College of Commerce and Business Administration, Dhofar University, OM
Source
Management Dynamics, Vol 20, No 1 (2020), Pagination: 26-38Abstract
Purpose: With the help of the newly developed Economic Policy Uncertainty (EPU) index, this paper attempts to find the influence if any, of the EPU on stock markets and certain key economic indicators in India.
Methodology /Approach: The focus is on the influence of EPU on the stock markets, industrial production, new capital issues, exports and bank credit to commercial sector. Monthly data of economic indicators is collected for 66 months from January 2014 and tested with OLS and Quantile regression.
Findings: It is observed that stock market, Industrial Production, new capital issues and bank credit are negatively related to EPU. Also, that impact of EPU is more on higher quantiles.
Limitations / Implications: The study examines and proves the overall impact of EPU on selected economic indicators and the impact at different quartiles. This opens up vistas for further exploration of the findings to prove / disprove the same in other economic indicators and against certain specific events that spur the EPU index.
Practical Implications: The paper has strong theoretical foundations. The methodology adopted has been research tested. There is a need to look at the EPU index closely and frequently to feel the pulse of the EPU and how it affects the economy.
Originality Value: This is one of the attempts to evaluate the behavior of EPU and its implication on certain economic indicators. As EPU index is newly developed, this paper adds to the existing literature, especially in the Indian context.
Keywords
Economic, Financial, Policy, Uncertainty, Indicators.Full Text
References
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- A Study of Value – Added Efficiency in the Indian Banks
Abstract Views :250 |
PDF Views:109
Methodology/approach: Using Path Analysis, the study verifies the influence of VAIC on the profitability and market value of the Indian banks. Using simple averages and graphs, VAIC of PSU and Private Banks are compared. Quarterly results are used to verify the impact of COVID on the VAIC of banks.
Findings: Human Capital Efficiency (HCE) is the largest element that contributes to the VAIC in the Indian Banks. VAIC and HCE are greater in the private sector banks than in PSU banks. HCE does contribute to the profitability of banks, whereas no evidence is found of VAIC or HCE making any contribution towards the market value. While VA and HCE fell sharply in the PSU banks and not so sharply in the Private Banks during the first wave of COVID, the recovery has been impressive, in both sectors.
Practical implications: The paper clearly brings out the role of Human Capital Efficiency (HCE) in the Indian Banks and the need to improve HCE in the PSU Banks.
Authors
Affiliations
1 Lecturer, CCBA, Dhofar University, PB 2509, Salalah 211, OM
2 Assistant Professor, Department of Management Studies, Faculty of Management & Commerce MS Ramaiah University of Applied Sciences New BEL Road, Bangalore, IN
1 Lecturer, CCBA, Dhofar University, PB 2509, Salalah 211, OM
2 Assistant Professor, Department of Management Studies, Faculty of Management & Commerce MS Ramaiah University of Applied Sciences New BEL Road, Bangalore, IN
Source
Management Dynamics, Vol 21, No 2 (2021), Pagination: 42-56Abstract
Purpose: This paper explores the importance of Intellectual Capital (IC) in the Indian Banking Industry and compares the efficiency between Public Sector Undertaking (PSU) banks and Private Sector banks, by employing Value Added Intellectual Coefficient (VAIC) method.Methodology/approach: Using Path Analysis, the study verifies the influence of VAIC on the profitability and market value of the Indian banks. Using simple averages and graphs, VAIC of PSU and Private Banks are compared. Quarterly results are used to verify the impact of COVID on the VAIC of banks.
Findings: Human Capital Efficiency (HCE) is the largest element that contributes to the VAIC in the Indian Banks. VAIC and HCE are greater in the private sector banks than in PSU banks. HCE does contribute to the profitability of banks, whereas no evidence is found of VAIC or HCE making any contribution towards the market value. While VA and HCE fell sharply in the PSU banks and not so sharply in the Private Banks during the first wave of COVID, the recovery has been impressive, in both sectors.
Practical implications: The paper clearly brings out the role of Human Capital Efficiency (HCE) in the Indian Banks and the need to improve HCE in the PSU Banks.
Keywords
Value Added, Banking, Profitability, Market Value, Human capitalFull Text
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