Department of Commerce

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Author: search.filters.author.Vijayalakshmi D

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    VOLATILITY CLUSTERING OF SELECT SECTORAL INDICES IN THE BSE STOCK MARKET
    (International Journal of Innovative Technology and Exploring Engineering (IJITEE), 2022-07-09) Vijayalakshmi D; Thanya G.C
    Volatility is a standard measure of financial vulnerability and it plays a vital role in analyzing the risk of the securities market. It is traditionally measured using the standard deviation, which indicates how the price of a stock is clustered around the mean or moving average. The intent of the study is to analyse the volatility clustering of six select sectoral indices such as S&P BSE AUTO (Automobile), S&P BSE BANKEX (Bank) , S&P BSE FMCG (Fast Moving Consumer Goods), S&P BSE IT (Information Technology), S&P BSE METAL ( Metals), and S&P BSE OIL & GAS (Oil & Gas Industries). A sample of 2726 days of observations for 11 years period from 03.01.2011 to 31.12.2021 has been taken for the study. The econometric model namely ARCH and GARCH have been applied to analyse the data. The result of the study reveals the presence of volatility clustering in the select six sectoral indices. Metal Sector has shown the higher phase of volatility.
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    OVERSEAS DIRECT INVESTMENT- A STUDY ON GUARANTEE TO THE WOS AND ITS ASSOCIATION WITH THE INDIAN MACROECONOMIC FACTORS
    (Journal of University of Shanghai for Science and Technology, 2022-05-05) Vijayalakshmi D; Shalini, K Menon
    This research has been undertaken to analyze the Indian macroeconomic factors that have to be scrutinized before investing in an overseas establishment in the form of guarantee. The Reserve Bank of India has been publishing the data on Overseas Direct Investments from India in the form of Joint venture(JV)and Wholly Owned Subsidiary (WOS) since July 2007. The investments from India to the WOS are made in the form of equity, loan and guarantee. This study considers the guarantee investments only. The descriptive statistics has been employed to analyze the performance of the guarantee ODI. The Granger Causality Test and Johansen Cointegration test have been employed to estimate the short run and long run association between guarantee ODI and the Indian macroeconomic factors. The results of the study have shown that the investments in the form of the guarantee have a short run association with trade openness and inward FDI respectively. There is no long run association between guarantee and the macro economic factors of India.
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    CORPORATE LEVERAGE AND ITS IMPACT ON PROFITABILITY AND SHAREHOLDER VALUE CREATION IN THE INDIAN TEXTILE SECTOR
    (Indian Journal of Finance, 2014-12) Vijayalakshmi D; Padmaja Manoharan
    Shareholder value creation has become the trait of corporate dialect. The LPG era has made a drastic change in the financing policies of the corporate firms warranting a redesign in their capital structure. Leverage plays an essential role in framing the capital structure. The focal gain of the insertion of fixed cost funds in the capital structure has a domino effect on higher profits. The textile sector is a capital intensive sector, where a greater emphasis has been given in framing the capital structure. In this backdrop, the present study made an attempt to examine the impact of leverage on profitability and shareholder value creation in the Indian textile sector for the period from 1995-96 to 2009-10. A panel data approach was applied to analyze the data. The study revealed that leverage had a significant influence on profitability, and the sector has to concentrate on enrichment of shareholders' wealth.
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    IMPACT OF IMPORT, EXPORT AND GDP ON THE OVERSEAS DIRECT INVESTMENT FROM INDIA
    (Our Heritage Journal, 2020-02) Vijayalakshmi D; Shalini K Menon
    “Never depend on a single income. Make investment to create a second source‟ says Warren Buffet, Chairman and CEO of Berkshire Hathaway. An Overseas direct investment is one such platform wherein individuals and companies can invest abroad and take advantage of the benefits of such foreign investment. This paper has analysed the performance of Overseas Direct Investment from India over the last 10 years and has examined the macroeconomic determinants that influence the ODI. The ADF test, Johansen Cointegration test, VAR methodology and Granger Causality test have been employed in the study to analyse the data. The result of the study shows that export has been the major determinant in influencing the overseas direct investment from India.
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    FOREIGN DIRECT INVESTMENT – A COMPARATIVE STUDY ON INVESTMENTS TO AND FROM SAARC AND ASEAN WITH SPECIAL REFERENCE TO INDIAN OUTWARD FDI TO SAARC AND ASEAN
    (Our Heritage, 2020-02) Vijayalakshmi D; Shalini K Menon
    The objective of forming the SAARC and ASEAN countries is to accelerate the economic growth. Though several measures have been taken to promote the growth of SAARC and ASEAN nations, it has not reached the expectations. The main aim of this paper is to investigate the inflow and outflow of FDI of SAARC and ASEAN countries. In addition to this, the Indian outward FDI in the form of wholly owned subsidiaries to the SAARC and ASEAN nations have also been analyzed.
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    AN OVERVIEW OF TRADE PERFORMANCE IN INDIA
    (Our Heritage Journal, 2020-02) Vijayalakshmi D; Monica S
    International trade plays a major role in the economic development of the country. Global economic environment has been developing by an increase in level of exports than imports in the international trade.The fluctuations in mercandise trade affects the economic growth of the country. Exchange rate is a vital component for every international trade transactions in the country.It greatly influences the prices of goods and services.The fluctuations in exchange rate will hinder the inflow of international trade due to the uncertainity movement and creates risk for the traders. Trade balance remains deficit due to an increase in level of imports in recent years. Trade policies have been formulated to regulate to reduce trade barriers for the exporters and importers. A large depreciation in the value of rupee affects the exporters and importers . In this background there is a need to explore the percentage growth of exports,imports and trade balance in an Indian economy.
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    RURAL ENTREPRENEURSHIP: A REVIEW OF INTERNAL AND EXTERNAL ENVIRONMENTAL FACTORS INFLUENCING THE PERFORMANCE OF MICRO, SMALL AND MEDIUM MANUFACTURING ENTERPRISES
    (Our Heritage Journal, 2020-02) Vijayalakshmi D; Rajalakshmi G.R
    Entrepreneurship development in rural areas is increasingly seen as a promising alternative to traditional economic development. The Micro, Small and Medium manufacturing enterprises play an imperative role in the rural economy. They have a major share of contribution towards Gross Domestic Product (GDP) through 45 per cent manufacturing output, 40 per cent exports and 69 per cent employment. Apart from economic aspects, the social role of these enterprises have also been quite significant for achieving the objectives such as removal of poverty, reduction in income inequality, wealth, consumption standard and regional imbalances (Uma Pujar, 2014; Dipanjan Chakmraborty and Barman, 2014). However, the survival and growth of rural Micro, Small and Medium manufacturing enterprises have greatly depended on the dynamic business environment in which it operates. Hence, the study presents a review of the literature on Micro, Small and Medium manufacturing enterprises incepted in rural areas and stated that rural entrepreneurship is a distinct area of entrepreneurship research and practice, with abundant opportunities for balanced regional development.