Welcome to Guest !
 
Advanced Search | Tips
       IUP Publications
              (Since 1994)
Home About IUP Journals Books Archives Publication Ethics
     
  Subscriber Services   |   Feedback   |   Subscription Form
 
 
Login:
   
Member ID
Password
New User? Register Now! Forgot Password?
- - - - - - - - - - - - - - - - - -- - - - - - - - - - - -
Subscribers, Students and Alumni
-
   
Activate your Account
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
 
Journals >>
Finance
The IUP Journal of Behavioral Finance

December '06
Focus Areas
  • Behavioral Economics
  • Behavioral aspects in corporate finance decision.
  • Behavioral aspects influencing investment decisions of managers
  • Behavior of Markets
Articles
   
Price(INR)
Buy
Sentiment and the Interpretation of News about Fundamentals
50
On the Stability of Financial Markets and the Role of the Rational International Investor
50
An Approach to Segmenting Mutual Fund Investors
50
Select/Remove All    

Sentiment and the Interpretation of News about Fundamentals

-- Sean Masaki Flynn

The reaction of closed-end fund share prices to changes in portfolio values is on average the same, whether funds are trading at discounts or premia, and whether the changes in portfolio values are positive or negative. If closed-end fund discounts and premia do correctly measure investor sentiment, then the results suggest that investor sentiment does not affect the market's reaction to news about the fundamentals. Alternatively, discounts and premia may not, in fact, measure investor sentiment, or sentiment may play no role at all in closed-end fund pricing. Noise-trader risk and trading costs also fail to explain the observed behavior.

© 2006 IUP . All Rights Reserved.

Article Price : Rs.50

On the Stability of Financial Markets and the Role of the Rational International Investor

-- Robert Bruckner

Foreign investors are indeed guilty of destabilizing national financial markets where they are active. This paper analyzes the impact international investors have on the trading stability of financial markets. By calibrating GJR-GARCH models on overlapping, moving windows of daily returns for the German equity index DAX, strong statistical evidence is found that, a large portion of the asymmetric part of the model can be explained by investor composition. Apparently, increased exposure of international investors results in larger asymmetry in the conditional volatility. This strongly links the foreign investor to increased market volatility during adverse market information inflows. Thus, the trading behavior of foreign investor adds destabilizing influences to the financial market.

© 2006 IUP . All Rights Reserved.

Article Price : Rs.50

An Approach to Segmenting Mutual Fund Investors

-- M J Xavier, G Balasubramanian and P K Viswanathan

Despite the high growth of mutual funds in India, there is a limited understanding of the investor preferences and individual decision-making. Conjoint analysis is an extremely powerful technique that decomposes the overall evaluation of product concepts into component utilities in a multi-attribute model. This paper demonstrates the use of this technique to map the preferences of mutual fund investors in the Indian context. The resultant utilities have been used to segment investors into three major segments, the daredevils, the image-driven and the conservative.

© 2006 IUP . All Rights Reserved.

Article Price : Rs.50
 
 .
Search
  

  www
  IUP

Search
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
 
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Subscribe to receive free updates and keep up with latest from the IUP
 
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Click here to upload your Article

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Automated Teller Machines (ATMs): The Changing Face of Banking in India

Bank Management
Information and communication technology has changed the way in which banks provide services to its customers. These days the customers are able to perform their routine banking transactions without even entering the bank premises. ATM is one such development in recent years, which provides remote banking services all over the world, including India. This paper analyzes the development of this self-service banking in India based on the secondary data.

The Information and Communication Technology (ICT) is playing a very important role in the progress and advancement in almost all walks of life. The deregulated environment has provided an opportunity to restructure the means and methods of delivery of services in many areas, including the banking sector. The ICT has been a focused issue in the past two decades in Indian banking. In fact, ICTs are enabling the banks to change the way in which they are functioning. Improved customer service has become very important for the very survival and growth of banking sector in the reforms era. The technological advancements, deregulations, and intense competition due to the entry of private sector and foreign banks have altered the face of banking from one of mere intermediation to one of provider of quick, efficient and customer-friendly services. With the introduction and adoption of ICT in the banking sector, the customers are fast moving away from the traditional branch banking system to the convenient and comfort of virtual banking. The most important virtual banking services are phone banking, mobile banking, Internet banking and ATM banking. These electronic channels have enhanced the delivery of banking services accurately and efficiently to the customers. The ATMs are an important part of a bank’s alternative channel to reach the customers, to showcase products and services and to create brand awareness. This is reflected in the increase in the number of ATMs all over the world. ATM is one of the most widely used remote banking services all over the world, including India. This paper analyzes the growth of ATMs of different bank groups in India.
International Scenario

If ATMs are largely available over geographically dispersed areas, the benefit from using an ATM will increase as customers will be able to access their bank accounts from any geographic location. This would imply that the value of an ATM network increases with the number of available ATM locations, and the value of a bank network to a customer will be determined in part by the final network size of the banking system. The statistical information on the growth of branches and ATM network in select countries.

Indian Scenario

The financial services industry in India has witnessed a phenomenal growth, diversification and specialization since the initiation of financial sector reforms in 1991. Greater customer orientation is the only way to retain customer loyalty and withstand competition in the liberalized world. In a market-driven strategy of development, customer preference is of paramount importance in any economy. Gone are the days when customers used to come to the doorsteps of banks. Now the banks are required to chase the customers; only those banks which are customercentric and extremely focused on the needs of their clients can succeed in their business today.

more...
 
View Previous Issues
Behavioral Finance

 
Copyright © 2001-18 IUP. All rights reserved.