Review of Professional Management- A Journal of New Delhi Institute of Management

Aman Srivastava ¹, Furqan Qamar ², Khan Masood ³

Affiliations
1 Jaipuria Institute of Management, Noida, IN
2 Centre for Management Studies, Jamia Milia Islamia, New Delhi, IN
3 Department of Economics, Jamia Millia Islamia, New Delhi, IN

Abstract

The perception is that under the existing global economic structure and developments the global stock markets of most countries are becoming gradually more integrated. Indian markets are no more exception to these developments and in India the issue is also gaining attention in the post liberalization era. With this background, the research aims to examine the common perception of global integration from an Indian stock market perspective. The investigation was carried out, in the first instance, in a straightforward way. With a view to know the interdependence of stock markets located all over the world and to realize the potential risk and rewards of global diversification, the present study presents a brief review of past literature on stock market integration in the international scenario. All the studies are categorized into three parts, namely, studies examining only the presence of interdependence, studies investigating the possible changes in such relationship over time and studies explaining the possible causes of such interdependence. The foregoing review reveals that the stock markets of different countries are interdependent both within and across the country. The present study confirms that though there are a number of studies explaining stock market interdependence, the literature stating why stock markets are interdependent is quite sparse. Again, so much emphasis has been given to the event of "October 1987 crises" in the existing studies possibly to check the extent of such interdependence over time. This study covers the previous works which have applied different methodologies to test the stock market integration.

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Aman Srivastava ¹, Vranda Jain ²

Affiliations
1 Jaipuria Institute of Management, IN
2 Jaipuria Institute of Management, A/32 A, Sector 62, Noida-201301, IN

Abstract

Measuring Bank efficiency has always been an important concern for policy makers and researchers. An understanding of a bank's relative efficiency is important for analysts, practitioners and policymakers alike. The objective of this paper was to measure the operational efficiencies of Indian commercial banks. In this paper, we analyze bank efficiency in India using Data Envelopment Analysis (DEA). We found that foreign-owned banks are on an average most efficient, that the new generation banks are more efficient than the old ones The study recommend that the Indian nationalized and private sector banks are required to put more efforts to enhance their operational efficiencies.

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Aman Srivastava ¹

Affiliations
1 NDIM, IN

Abstract

No Abstract.

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Aman Srivastava ¹

Affiliations
1 NDIM, IN

Abstract

No Abstract.

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Aman Srivastava ¹

Affiliations
1 NDIM, IN

Abstract

No Abstract.

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