Volume-2 ~ Issue-1
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| Paper Type | : | Research Paper |
| Title | : | Micro Credit Institutions in the Context of the Economic Empowerment of a Poor Rural Woman: A Case of Rural Odisha |
| Country | : | India |
| Authors | : | Dr. Aparajita Biswal |
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: | 10.9790/5933-0210108  |
Abstract: Micro credit institutions are the most viable and upcoming units for the sustainable and log lasting development of the rural people and woman in particular. These viable financial institutions take appropriate measures and intensive care of the social and economic needs and urgencies of the disadvantaged and vulnerable section of the society. Micro credit is considered to be an essential ingredient of pro-poor growth. By extending outreach activities, it raises the productivity capacity of the poor women. It is a force that drives financial sustainability at every odd with the mission to reduce poverty. Micro credit has the magical power to reduce the extent of insecurity, vulnerability, unsustainability and dependence on others that persists in the low income communities. In this context, the present work focuses on the impact of micro credit through the economic parameters that ultimately gives empowerment to the poor rural women.
Key Words: Micro Credit Institutions, Economic Empowerment, Woman, Financial Sustainability & Rural Odisha.
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| Paper Type | : | Research Paper |
| Title | : | Event Study Test of Incorporating Earning Announcement on Share Price |
| Country | : | India |
| Authors | : | Dr. A. Shanker Prakash |
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: | 10.9790/5933-0210918 |
Abstract: The concept of stock market efficiency has been one of the most dominant themes in financial research for explaining the share price behaviour and the increasing globalization of financial markets has given impetus to this concept in emerging markets as well. The study of stock market efficiency plays a crucial role of keeping investor's behavior intact with release of information viz. past historical prices, corporate announcements or events. This paper aims to study the relevance of event study or semi-strong informational efficiency of the Indian Stock Market. This paper tries to explore the speed and accuracy of incorporating corporate earnings and action into share prices. The underlying concept of event study is market must quickly and accurately react to public announcement of corporate earnings. The data used for the study are basically secondary in nature, which have been collected from the official websites of National Stock Exchange for the period from 1st April 2008 to 31st March 2010. The study is done on fifteen companies from the list of S&P CNX Nifty. To accomplish the above objectives we relied on following tests Average Security Returns Variability (ASRV), Average Abnormal Returns (AAR), Cumulative Abnormal Returns (CAR) and Cumulative Average Abnormal Returns (CAAR). JEL Classification: G14
Keywords: AAR, ASRV, CAAR, Corporate Actions, Event Study
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| Paper Type | : | Research Paper |
| Title | : | The Nexus Between External Debt And Economic Growth In Nigeria (1981 – 2009). |
| Country | : | Nigeria |
| Authors | : | Atoyebi Kehinde Olusegun, Olohunlana Dapo Somod, Sulaiman Adebayo Adeodu, Okafor Blessing Okechi |
|
: | 10.9790/5933-0211927 |
Abstract: The study seeks to determine the impact of external debt on Nigeria using annual data from 1981-2009. In our empirical analysis, we run ordinary least square test to verify the statistical significance of the variables used and Johansen cointegration to determine the order of integration among the variables. Empirical investigations revealed that the coefficient of external debt is statistically significant at 5% while other variables such as prime lending rate. Growth rate of GDP are not statistically significant. Our cointegration result s revealed the existence of two cointegrating equations at 5% level of significance among Gross domestic product, external debt, PLR, GRGDP and GREXDS. The results show the existence of long-run relationship among the variables.
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