scholarly journals Impact of Budget on Indian Share Market

2021 ◽  
pp. 141-144
Author(s):  
Mrs. Zankhana Atodaria ◽  
Miss. Seema Gupta ◽  
Mr. Saurabh Jha
Keyword(s):  
Accurate Result ◽  
T Test ◽  
Share Price ◽  
Statistical Tools ◽  
Event Window ◽  
Descriptive Research ◽  
Average Return ◽  
The Impact ◽  
Multiple Factor

This paper seeks to study the impact of budget on share market. The method of study was descriptive research. To study the impact is measured in average return by using the event window of Pre-Budget and Post-Budget of 30 Days and the data has been collected for the 18thDecember 2020 to 1stFebruary 2021 &2ndFebruary 2021 to 16thMarch 2021 (excluding Saturday, Sunday and Festival) and the statistical tools used are T-Test Paired, two sample for means on return are calculated by using the formula. The most probably there is not impact on budget on share market because at the same time there is other factors are also present in the market. The implication of this paper is that the investor should not only consider one factor and one event window because there is other factor present with affect the share price at the same time and by using the more than one event window. so, investor come to know a which period they will get a more returns so investor should use either one factor and multiple event window or take multiple factor and one event window. It gives more clear and accurate result. Company Name & Return Pre-Budget Budget-Day Post-Budget XYZ X1 X X2 Here we have taken the 10 companies return of pre-budget and post- budget. On the basis of this we will further analyse that investor should invest in which companies.

Impact of Corporate Actions on Shareholder Wealth: A Study on the Bombay Stock Exchange

2019 ◽  
Keyword(s):  
Total Population ◽  
Stock Exchange ◽  
Shareholder Wealth ◽  
Share Price ◽  
Event Window ◽  
Buy Back ◽  
Corporate Actions ◽  
High Level ◽  
The Impact ◽  
Rights Issues

This study focuses on five corporate actions (dividend announcement, stock split, bonus issue, right issues, buy-back, and right issue) and attempts to determine their impact on shareholders’ wealth. The companies in the S&P BSE 500 index are taken as the total population, and the performance of those with corporate actions is compared to that in the broader universe. The study analyzes the impact by taking the share price of sampled companies for 30 days before and 30 days after the announcement of corporate actions. A paired-sample t-test is used to determine the impact of the corporate actions on share price in the event window period. The study concludes that corporate actions have significant impact on shareholders’ wealth; the level of impact is different for different corporate actions, but it does not differ according to the nature of the industry. The dividend and buy-back have a low level of impact, and bonus issues, rights issues, and stock splits have a high level of impact on shareholders’ wealth. Finally, the study proves that corporate actions are quite relevant to shareholders’ wealth.

Sport sponsorship announcement and stock returns: a meta-analytic review

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Youngbum Kwon ◽  
T. Bettina Cornwell
Keyword(s):  
Stock Market ◽  
Shareholder Wealth ◽  
Event Studies ◽  
Share Price ◽  
Market Response ◽  
Sport Sponsorship ◽  
Event Window ◽  
Content Type ◽  
Analytic Review ◽  
The Impact

PurposeGiven the public availability of secondary data on investments in events such as the Olympics, FIFA World Cup and professional sports, event studies that measure stock market response to these investments have grown. Previous findings are mixed, however, with some studies suggesting that the announcement of sponsorship contracts is a positive event and others finding detrimental effects of the announcement on shareholder value. This study aims to analyze the mixed findings from event studies in sport sponsorship to determine if sponsorship announcements influence stock market response.Design/methodology/approachThe meta-analysis examines more than 20 years of research on event studies in sponsorship (34 studies).FindingsThe overall results show a positive, but non-significant effect of partnership deal announcements on shareholder wealth. Further analysis considers the effects of sponsorship announcements by each type of event window to see the impact of the announcement relative to time (pre-announcement, announcement day, post-announcement and pre- to post-announcement). This closer examination of the event window shows that stock prices of sponsoring organizations increased in the pre-announcement window.Originality/valueQuantitative meta-analytic findings indicate that information about sponsorship deals appears to leak to share markets and positively influence share price. This finding suggests that sponsoring the sports and events found in these event studies is seen as value enhancing for sponsoring firms.

scholarly journals Impact of Corporate Social Responsibility Awards on Share Prices

2019 ◽  
Vol 5 (1) ◽  
pp. 141-154
Author(s):  
Zeeshan Mahmood ◽  
Javed Iqbal ◽  
Waris Ali ◽  
Muhammad Aamir
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Stock Exchange ◽  
Business Case ◽  
Share Price ◽  
Event Window ◽  
Share Prices ◽  
Study Methodology ◽  
Corporate Social ◽  
The Impact

This paper provides empirical evidence to evaluate the business case of corporate social responsibility. In contrast to former studies, we choose to examine the relationship between corporate social responsibility awards and share prices. We examined this relationship in the contextual setting of Pakistan, where several award schemes are operating to reward CSR performance. An event study methodology was adopted to investigate the impact of award announcement on the abnormal return of TOP 100 companies listed on the Pakistan Stock Exchange. A daily price for each company was collected during the estimation window of 120 days before the event window and an event window of 3 days [-1, 0, 1]. Our analysis shows that the overall announcement of CSR awards has an insignificant impact on share price.                                             

scholarly journals Customer Preference of Western Outlooks in Chennai

2019 ◽  
Vol 8 (11) ◽  
pp. 3188-3191
Keyword(s):  
Research Paper ◽  
T Test ◽  
Statistical Tools ◽  
Chi Square ◽  
Customer Preference ◽  
New Generation ◽  
The Impact

New generation people have the habit of judging the book by its cover so why this generation people shows most of their interest towards dressing . Especially youngsters love to dress quiet modern. This research paper explains deeply about the impact of western outlooks towards the teenagers in Chennai. Hypothesis was done by questioning various peoples of various sectors . From this it was found that factors like age, gender, occupation and area where people live also plays an important role in giving preference to western outlooks. In this paper statistical tools like correlation, chi square and independent sample T test are used. The paper concluded that today’s youngsters believe in fashion, and feels that their confidence improved with their outlook

scholarly journals Impact Of Union Budget On Indian Stock Market

2015 ◽  
Vol 2 (11) ◽  
pp. 21 ◽  
Author(s):  
Divya Verma Gakhar ◽  
Neha Kushwaha ◽  
Vinita Ashok
Keyword(s):  
Stock Market ◽  
T Test ◽  
Medium Term ◽  
Short Term ◽  
Statistical Tools ◽  
F Test ◽  
Indian Stock Market ◽  
The Impact ◽  
Paired T Test

This paper analyzes the impact of Union budget on NSE’s CNX NIFTY Index. The impact is measured in terms of daily average returns and volatility over the short term, medium term and long term period in pre and post budget period. The data has been collected for five budget periods from 2011 to 2015. The statistical tools used are paired T-test and F-test. Paired T-test is conducted on average returns and F-test is conducted on variances over the period i.e., 3, 10 and 30 days in pre and post budget period. The maximum impact of budget is seen in short term then it gradually decreases in medium term and finally diminishes in the long term. The implication of this paper is that the investor should fear from investing in the stock market around the budget period.

scholarly journals Customer Perception About Window Shopping In Malls In Special Reference To Chennai

2019 ◽  
Vol 8 (11) ◽  
pp. 3180-3183
Keyword(s):  
Special Reference ◽  
Sampling Method ◽  
T Test ◽  
Statistical Tools ◽  
Chi Square ◽  
Male And Female ◽  
Customer Perception ◽  
Descriptive Research ◽  
The People ◽  
Paired T Test

Customer perception is a showcasing idea that envelops a buyer’s impression, mindfulness and additionally awareness about an company or its contributions. Window shopping or browsing is an act of examining a store’s display without any motive to buy. The main objective of this research is to know about the perception of the customers about window shopping in malls. Descriptive research is the type of research carried. Out. Convenient sampling method is used. The research was carried out among 1450 respondents Different statistical tools like chi square , correlation and paired t test were used. It shows that male and female have different perspective regarding window shopping. It shows that educational qualification does not create impact on the awareness of product during window shopping. The findings of the research states that there is no significant association between age and entertainment . Most of the people in Chennai have a little awareness about window shopping and its elements

The Impact of Shariah Governance and Corporate Governance on the Risk Management Practices: Evidence from Local and Foreign Islamic Banks in Malaysia

2018 ◽  
Vol 15 (2) ◽  
pp. 1-20
Author(s):  
Sabri Embi ◽  
Zurina Shafii
Keyword(s):  
Risk Management ◽  
Corporate Governance ◽  
Management Practices ◽  
Principal Component ◽  
T Test ◽  
The Body ◽  
Primary Data ◽  
Islamic Banks ◽  
Shariah Governance ◽  
The Impact

The purpose of this study is to examine the impact of Shariah governance and corporate governance (CG) on the risk management practices (RMPs) of local Islamic banks and foreign Islamic banks operating in Malaysia. The Shariah governance comprises the Shariah review (SR) and Shariah audit (SA) variables. The study also evaluates the level of RMPs, CG, SR, and SA between these two type of banks. With the aid of SPSS version 20, the items for RMPs, CG, SR, and SA were subjected to principal component analysis (PCA). From the PCA, one component or factor was extracted each for the CG, SR, and RMPs while another two factors were extracted for the SA. Primary data was collected using a self-administered survey questionnaire. The questionnaire covers four aspects ; CG, SR, SA, and RMPs. The data received from the 300 usable questionnaires were subjected to correlation and regression analyses as well as an independent t-test. The result of correlation analysis shows that all the four variables have large positive correlations with each other indicating a strong and significant relationship between them. From the regression analysis undertaken, CG, SR, and SA together explained 52.3 percent of the RMPs and CG emerged as the most influential variable that impacts the RMPs. The independent t-test carried out shows that there were significant differences in the CG and SA between the local and foreign Islamic banks. However, there were no significant differences between the two types of the bank in relation to SR and RMPs. The study has contributed to the body of knowledge and is beneficial to academicians, industry players, regulators, and other stakeholders.

Impact Of Transurethral Resection Of Prostate On International Prostate Symptom Score And Peak Urinary Flow Rate

2020 ◽  
Vol 16 (1) ◽  
pp. 11-15
Author(s):  
Md Waliul Islam ◽  
Md Abul Hossain ◽  
Md Nurul Hooda ◽  
Kazi Rafiqul Abedin ◽  
Husne Ara
Keyword(s):  
Flow Rate ◽  
Transurethral Resection ◽  
Urine Volume ◽  
T Test ◽  
Urinary Symptoms ◽  
Urinary Flow Rate ◽  
Transurethral Resection Of Prostate ◽  
Urinary Flow ◽  
Paired Student ◽  
The Impact

Objectives: To evaluate urinary symptoms and quality of life in patient with BPH before and after TURP. To determine the impact of TURP on the urinary symptoms (IPSS) and peak urinary flow rate. Methods: This study is prospective study carried out between 2010 and 2011 in the department of Urology, National Institute of Kidney Diseases & Urology. Total 102 cases were selected purposively according to selection criteria. Each patient was observed and followed up at 8 weeks (1st visit), 16 weeks (2nd visit) 24 weeks (3rd visit) after transurethral resection of prostate (TURP). IPSS score, QOL score also recorded and uroflowmetry was done to see the peak urinary flow rate (Qmax) of urine and voiding time. USG was done to see post voidal residual urine volume and DRE also done in selected cases. Data was complied and statistical analysis were done using computer based software, Statistical Package for Social Science (SPSS), using paired ‘t’ test. A P value <0.05 was taken as significance. Results: Before TURP, IPSS range 17-25 and mean 21.61+2.43, after TURP, range 0-7 and mean 4.27+1.71). Hence a significant improvement of IPSS was found from 2 months to 6 months follow up after TURP. The change was tested using “paired student ‘t’ test”. Before TURP Qmax range 7-12.2 and mean was 9.96+1.69, which became range 18-25 and mean was 22.61+2.28 after TURP and therefore change of mean Qmax was 12.64+2.69. The change was tested using “paired student ‘t’ test”. The change was found significant (P<0.001). Conclusion: Transurethral resection of prostate resolves obstructive symptoms, rapid improvement of urinary flow rate Bangladesh Journal of Urology, Vol. 16, No. 1, Jan 2013 p.11-15

Pengaruh Label Halal dan Tanggal Kadaluarsa Terhadap Keputusan Pembelian Produk Sidomuncul

2021 ◽  
Vol 4 (1) ◽  
pp. 641-647
Author(s):  
Ahmad Ulil Albab Al Umar ◽  
Muammar Taufiqi Lutfi Mustofa ◽  
Dessy Fitria ◽  
Alfia Miftakhul Jannah ◽  
Yusvita Nena Arinta
Keyword(s):  
Linear Regression ◽  
T Test ◽  
Purchase Decision ◽  
Care Hospital ◽  
Expiration Date ◽  
Purchasing Decisions ◽  
Descriptive Research ◽  
Halal Food ◽  
Quantitative Descriptive ◽  
A Company

The halal industry is very developed lately. The halal lifestyle that is currently trending in Indonesia consists of the Islamic financial sector, halal food, halal travel, halal clothing, halal recreation, and halal media, halal medicines, halal medical care (hospital), and halal cosmetics. For example, a pharmaceutical industry such as Sidomuncul. Sidomuncul is a company that has the most halal products at this time. This study aims to partially examine the effect of the halal label and the expiration date on purchasing decisions. Then simultaneously analyze the effect of the halal label and the expiration date on Sidomuncul purchasing decisions. This research is quantitative descriptive research. The method in this research uses multiple linear regression with SPSS 25. The population in this study are all people who buy Sidomuncul products, while the sample in this study was determined by 50 respondents. The results of this study resulted in a significant t-test value of 0,000, which means partially the halal label has a significant effect on purchasing decisions, the expiration date resulted in a significant t-test value of 0,006, which means partially expiration date has a significant effect on the Sidomuncul product purchase decision, and simultaneously the halal label and expiration date affect the Sidomuncul product purchase decision.

The impact of intellectual capital on firm performance: a study of Indian firms listed in COSPI

2018 ◽  
Vol 19 (5) ◽  
pp. 935-964 ◽  
Author(s):  
Neha Smriti ◽  
Niladri Das
Keyword(s):  
Firm Performance ◽  
Intellectual Capital ◽  
Value Creation ◽  
Generalized Method Of Moments ◽  
Value Added ◽  
Secondary Data ◽  
Share Price ◽  
Content Type ◽  
Listed Firms ◽  
The Impact

Purpose The purpose of this paper is to examine the effect of intellectual capital (IC) on financial performance (FP) for Indian companies listed on the Centre for Monitoring Indian Economy Overall Share Price Index (COSPI). Design/methodology/approach Hypotheses were developed according to theories and literature review. Secondary data were collected from Indian companies listed on the COSPI between 2001 and 2016, and the value-added intellectual coefficient (VAIC) of Pulic (2000) was used to measure IC and its components. A dynamic system generalized method of moments (SGMM) estimator was employed to identify the variables that significantly contribute to firm performance. Findings Indian listed firms appear to be performing well and efficiently utilizing their IC. Overall, human capital had a major impact on firm productivity during the study period. Furthermore, the empirical analysis showed that structural capital efficiency and capital employed efficiency were equally important contributors to firm’s sales growth and market value. The growing importance of the contribution of IC to value creation was consistently reflected in the FP of these Indian companies. Practical implications This study has robust theoretical grounds and employs a validated methodology. The present study extends knowledge of IC among academicians and managers and highlights its contribution to value creation. The findings may help stakeholders and policymakers in developing countries properly reallocate intellectual resources. Originality/value This study is the first study to evaluate IC and its relationship with traditional measures of firm performance among Indian listed firms using dynamic SGMM and VAIC models.

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