Purpose The purpose of this paper is to understand current practices in capital budgeting (including real options) Indian companies and provide a normative framework (guidelines) for practitioners (based on our findings literature reviewed). Design/methodology/approach A questionnaire survey was administered 166 non‐financial the BSE 200 index. Secondary data were also collated from 2001‐2011. Findings Trends towards sophisticated techniques sound decisions have continued India. All sample...

We examine whether financial planners display common behavioral biases and these affect their recommendations for various home equity release options to fund retirement income. First, we show that different factors explain biases. Second, planners' comfort level extra income during retirement. For instance, female planners, with advanced degrees those from non-bank institutions less mental accounting bias, while older high-income lower loss aversion. Specifically, our findings reveal biases,...

Purpose – The purpose of this paper is to examine the stock price movements for existence informed trading prior a merger announcement companies listed on emerging markets India period from 1996 2010. Design/methodology/approach This study applies several event methodologies and regression analyses analyze movement surrounding announcement. divides mergers in two different types: industry cases non-industry time periods: recession boom. Findings results show that information held only by...

Abstract Using propriety data from a large Indian robo‐advisory firm, we show that users of services are relatively young, predominantly male, married, small investors, and professionals. We the majority retail investors utilize systematic investment plan (SIP). Additionally, document there differences in demographic characteristics, occupation, geographic location utilizing SIP versus one‐time lump sum investments. Furthermore, find daily user account creation increases during periods high...

Retro Banach frames for conjugate spaces have been introduced and studied. It has proved that a space E is separable if only E* retro frame. Finally, necessary sufficient condition sequence in to be frame given.

This paper provides several statistics concerning cancellation latency that would be helpful to regulators as they consider policies establish a minimal quote life. We find is related market quality and not constant. Rather, it varies depending upon the time of day, order price size, congestion, trader type, firm imbalance, technology used for submitting an order.

In this study, we analyze the market quality differences, in terms of liquidity and volatility, between real estate investment trusts (REITs) non-REIT common stocks. The recent financial crisis has significantly influenced for REITs. Our findings reveal intraday patterns indicating a lower liquidity, higher greater price impact REITs than non-REITs pre-crisis period. These relations reverse during post-crisis period with becoming more liquid, less volatile, cheaper to trade non-REITs....

In 2010, the Tokyo Stock Exchange, largest stock exchange headquartered outside of United States, introduced a new trading platform, Arrowhead. This platform was designed to reduce latency and increase co-located, high-frequency quoting (HFQ) from zero 36% volume. During tail events representing extreme market conditions, low-latency correlated HFQ may lead systemic risks such as flash crashes, which has not been sufficiently addressed in literature. this paper, our study provides framework...

Using the introduction of Arrowhead low latency trading platform by Tokyo Stock Exchange as a natural experiment, I analyze impact high frequency on market quality J-REITs, in terms liquidity, volatility, and systemic risks. also 2008 financial crisis. The results document that while crisis has significantly deteriorated quality, J-REIT markets were resilient. Further, improved but increased probability flash crashes. Finally, using difference-in-differences regression model, show since...