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Inflation hedge in India: stocks or bullion
(2010-03-13)
At a time of runaway inflation, when nothing seems to contain the pace of its gallop, it might be pertinent to look around for an investment which may shield the value of the investor's money against the devaluing onslaught ...
Target debt maintenance under alternative net present value specifications and implications for investment and finance decisions
(2010-03-22)
Two alternative specifications of weighted average cost of capital are prevalent in finance literature. Though both the specifications result in consistent accept/reject or ranking decisions the net present value arrived ...
Project is a compound - not a mixture conceptual problems in valuation
(2010-03-19)
There is considerable literature in the field of finance concerning the valuation of negative cash flows. Consequently, it is widely held that a project should be valued by valuing each component of the project's cash ...
Implications of changes in the holding period and other parameters on systematic risk and performance of a security
(2010-03-22)
The Capital Asset Pricing Model is a single period model which specifies a linear relationship between return on an asset and return on the entire market. The model is widely used in literature as if a portfolio of securities ...
Effect of changing taxation and depreciation policies on the leasing industry
(2010-03-18)
In the recent years the government's policy of reducing the corporate tax rate and increasing the depreciation rate has been welcomed by the industrial sector. The changes so obviously benefit the sector that it appears ...
CRISIL Rating: When does AAA mean B?
(2010-03-22)
In this paper an attempt is made to assess the quality of credit rating function being performed by CRISIL, hitherto the sole credit rating agency in India. The paper attempts to answer, two important questions, namely: ...
ISO 9000 linked tax incentive: a better leverage point for growth
(2010-03-26)
The efficiency and efficacy of government instruments in implementing policy have been particularly problematic in India. For instance, the incentives, mostly fiscal, to boost been linked to investments, e.g., development ...
On WACC specifications and capital structure decisions: some conceptual propositions for practicing managers
(2010-03-26)
Recent advances in our understanding of capital structure decisions have not yet made their mark upon our capital budgeting techniques and practices. This paper attempts to bridge this gap. In doing this, it offers a ...
IIMA today- a case of depleted networth
(2010-03-29)
Institution building is only one phase of the institutional life cycle. After an institution is built, it must grow, and mature with a healthy long life. Thus, aspects of institution maintenance, and arresting of institution ...