A B C D E F G H I J K L M N O P Q R S T U V W X Y Z All
Bhanu Murthy, K. V.
- Theoretical Framework of Competition as Applied to Banking
Authors
1 Department of Commerce, Delhi School of Economics, University of Delhi, New Delhi, IN
2 College of Vocational Studies, Delhi University, New Delhi, IN
Source
International Journal of Banking, Risk and Insurance, Vol 1, No 2 (2013), Pagination: 1-16Abstract
This paper lays out a fundamental approach that revises our understanding of the theoretical framework of competition. First, it critically examines classical and neo-classical approaches to competition. Second, through eight elements the new approach lays out our new understanding of the framework of competition as applied to banking. Role of basic conditions in S-C-P, dynamic S-C-P, modified S-C-P as adapted to banking, entry, concentration and competition, goals and strategic groups in banking, importance of banking theory, dynamics of banking markets; and the new concept of entry facilitator; these are all the eight new dimensions that adapt competition theory to banks.Keywords
Competition, Structure-Conduct-Performance (S-C-P), Entry Facilitator, Basic Conditions, Strategic GroupsReferences
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- Short-Run Performance of IPO Market in India
Authors
1 Department of Commerce, Delhi School of Economics, University of Delhi, New Delhi, IN
2 Department of Commerce, Shaheed Bhagat Singh College, University of Delhi, New Delhi, IN
Source
International Journal of Financial Management, Vol 4, No 2 (2014), Pagination: 11-22Abstract
The main objective of this research paper is to examine the short run performance of IPOs by taking one-month performance. There exists a notion that the performance of IPO stocks has improved in the short run after going public. In this study, the data for short run analysis are taken for 30 days. We try to test the empirically the short run performance for a sample of 89 IPO firms that approached the market during the period 2006-09. We have calculated listing gain, short run gain, short run excess gain and Index growth.
We have used a logistic regression model to test the basic hypothesis, with the help of data on 89 IPOs, from the Indian stock market. The study uses prelisting information on which IPO pricing is based.
In this paper we have seen that many of the IPOs have significant returns on the day of listing but thereafter they do not give much return in the short-run, it shows that market overreacts to the initial public offers.
Keywords
Listing Gain, Short Run Gain, Determinants of Short Run Gain.References
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- Long-Run Performance of IPO Market in India
Authors
1 Department of Commerce, Delhi School of Economics, University of Delhi, IN
2 Department of Commerce, Shaheed Bhagat Singh College, University of Delhi, IN
3 Department of Commerce, Hindu College, University of Delhi, IN