The audit profession is facing its toughest challenges ever. A couple of years ago none could have imagined the demise of Andersen. Failure on the part of auditors to detect the financial shenanigans has drawn criticism ...

Corporate taxes are a significant item for revenue generation and year after year the corporate tax and Profit Before Tax(PBT) is incresing.But after the year 2001 the TAX/PBT ratio has been undergoing an unhealthy pattern ...

In this paper, we use multivariate GARCH models to analyze dynamic linkages between gold and equity price returns. We model dynamic conditional correlations and volatility spillovers between these assets. Our results ...

This article first examines the existence of a change in the structure of conditional volatility of stock returns around the time when trading in individual stock derivatives is introduced. Thereafter,it analyses the extent ...

Volatility forecasting is an important area of research in financial markets and lot of effort has been expended in improving volatility models since better forecasts translate in to better pricing of options and better ...

This paper attempts to investigate the information content of the implied volatility estimators and the historical volatility in forecasting future realized volatility. Implied volatility is computed from the Black-Scholes ...

This paper considers the effects of changes in the composition of the Nifty and Jr. Nifty index for the period 1996-2003. The study finds no significant price effects on the announcement day. However price effects were ...

There were interesting observations related to the over all idea of ‘service quality’. In both branch and regional offices, being correct at the first time was treated as the most important component of the service quality. ...

Stock valuation has always been an enigma even for the most analytically equipped investor or fund manager because numerous factors determine the worth of a stock. A review of business periodicals suggests that valuation ...