Browsing Journal Articles by Author "Pandey, Ajay"
Now showing items 1-11 of 11
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Bulk power tariffs in India: anomalies and issues
Pandey, Ajay; Sanyal, D. (2010-10-19) -
Container movement by rail in India: a review of policy evolution
Gangwar, Rachna; Morris, Sebastian; Pandey, Ajay; Raghuram, G. (Elsevier Ltd, 2012-03-01)Container movement by rail was a monopoly of Indian Railways (IR) until 2005. Its subsidiary Container Corporation (CONCOR) was the sole operator of container trains. Entry of other entities in 2007 has been driven by ... -
Expiration-day effects and the impact of short trading breaks on intraday volatility: evidence from the Indian market
Agarwalla, Sobhesh Kumar; Pandey, Ajay (WILEY, 2013-01-19)One distinct feature of the Indian stock market is the large trading volume of single stock futures, which are cash settled on the basis of the volume-weighted average spot prices of the underlying stocks during the last ... -
Impact of the introduction of call auction on price discovery: evidence from the Indian stock market using high-frequency data
Agarwalla, Sobhesh Kumar; Jacob, Joshy; Pandey, Ajay (Elsevier, 2015)Call markets are claimed to aggregate information and facilitate price discovery where continuous markets may fail. The impact of the introduction of call auction has not been found uniformly beneficial, possibly due to ... -
Influence of endogenous reference points on the selling decisions of retail investors
Joshy, Jacob; Pandey, Ajay; Bansal, Avijit (John Wiley & Sons, Inc., 2021-12-03)Using trader-level data, we examine the impact of the stock-specific endogenous reference points, the ‘realized-return’ and the ‘peak-return’ of the prior round on the selling propensity in a subsequent investment round ... -
Informed trading around earnings announcements—Spot, futures, or options?
Jain, Sonali; Pandey, Ajay; Varma, Jayanth R.; Agarwalla, Sobhesh Kumar (Wiley, 2018)Recent literature reports higher single stock options (SSO) volume before earnings announcements (EA). There are no studies that explore single stock futures (SSF) in this context because of illiquid SSF markets in developed ... -
Market efficiency in Indian commodity futures markets
Kumar, B.; Pandey, Ajay (Journal of Indian Business Research, 2013)In this paper, the authors aim to investigate the short-run as well as long-run market efficiency of Indian commodity futures markets using different asset pricing models. Four agricultural (soybean, corn, castor seed ... -
Price and volatility spillovers across North American, European, and Asian stock markets
Singh, Priyanka; Kumar, Brajesh; Pandey, Ajay (2010-05-04) -
Takeover announcements open offers, and shareholders return in target firms
Pandey, Ajay (2001-10-19)The empirical studies in the context of developed countries have consistently pointed out substantial valuation gains for target firms, particularly in case of successful takeovers. This effect has been "found to be ... -
Towards reform of land acquisition framework in India
Morris, Sebastian; Pandey, Ajay (2010-11-08)Current land prices are highly distorted owing largely to regulatory constraints and the process of compulsory acquisition. This paper brings out the core elements of the reform – the need to define “public purpose” ex ... -
Volatility models and their performance in Indian capital markets
Pandey, Ajay (2005-10-27)Estimation and forecasting of volatility of asset returns is important in various applications related to financial markets such as valuation of derivatives, risk management, etc. Till early eighties, it was commonly ...