Refine your search
Collections
Co-Authors
Journals
Year
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
Baba Gnanakumar, P.
- Thriving the Transformation Process of MFI through IPOs - Case Study of Indian MFIs
Abstract Views :196 |
PDF Views:89
Authors
Affiliations
1 Kristu Jayanti College School of Management, Bangalore - 56077, Karnataka, IN
1 Kristu Jayanti College School of Management, Bangalore - 56077, Karnataka, IN
Source
SDMIMD Journal of Management, Vol 11, No 2 (2020), Pagination: 43-48Abstract
The Indian microfinance firms are stabilizing from the microfinance crisis of 2010. The firms are oscillating in taking the decisions about financing through debt or equity. Some of the firms, even after getting approval from regulatory bodies for going through Initial Public Offer (IPO), are deferring their plans. In this perspective, the present research has been initiated to identify the capital market risk. Four Indian IPOs held between 2016 and 2019 are studied. The result indicates that there is an inverse relationship between the profitability of the firm and the IPO subscription rate.Keywords
Capital Adequacy Ratio, IPO, MFIs.Full Text
References
- Ashta, A, and Hudon M. (2012). The compartamos microfinance IPO: Mission conflicts in hybrid institutions with diverse shareholding. Strategic Change. 21(7–8):331–41. https://doi.org/10.1002/jsc.1912.
- Cull, R, Demirguc-Kunt, A, and Morduch, J. (2009). Microfinance meets the market. Journal of Economic Perspectives. 23(1):167–92. https://doi.org/10.1257/jep.23.1.167.
- Dey, S. K. (2015). Challenges and Issues of Microfinance in India. Journal of Economics and Sustainable Development. 6(7):195–9.
- Federici, S. (2014). From commoning to debt: Financialization, microcredit and the changing architecture of capital accumulation. South Atlantic Quarterly. 113(2):231–44. https://doi.org/10.1215/00382876-2643585.
- Fehr, D, and Hishigsuren, G. (2006). Raising capital for microfinance: Sources of funding and opportunities for equity financing. Journal of Developmental Entrepreneurship. 11(02):133–43. https://doi.org/10.1142/S1084946706000301.
- Fisher, L, and Weil, R. L. (1971). Coping with the risk of interest - Rate fluctuations. The Journal of Business. 44(4):408–31. https://doi.org/10.1086/295402.
- Gultekin, N. B. (1983). Stock market returns and inflation forecasts. The Journal of Finance. 38(3):663–73. https://doi.org/10.1111/j.1540-6261.1983.tb02495.x.
- Kohn, D, and Jainzik, M. (2006). Sustainability in Microfinance-Visions and Versions for Exit by Development Finance Institutions. Microfinance Investment Funds. Springer, Berlin, Heidelberg. 179–91.
- https://doi.org/10.1007/3-540-28071-5_10.
- Lieberman, I. W., Anderson, A., Grafe, Z., Campbell, B., and Kopf, D. (2009). Microfinance and capital markets: The initial listing/public offering of four leading institutions.
- Moving Beyond Storytelling: Emerging Research in Microfinance. Emerald Group Publishing Limited. 31–80. https://doi.org/10.1108/S1569-3759(2009)0000092005.
- Makin, J. H and Levi, M. D., (1979). Measured impact of inflation on interest. The Journal of Finance. 34(1):35– 52. https://doi.org/10.1111/j.1540-6261.1979.tb02069.x.
- Mishra, A. (2018). Inclusive Finance India Report 2018; Access Assist Publication, New Delhi.