September 2025
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September 2025 Read More Download Full Magazine |
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EditorialDr. Vivek RajvanshiWelcome to September 2025, Vol 1. Issue 1 of A₹tha: Journal of Business and Finance! Published by the Financial Research and Trading Laboratory at IIM Calcutta, this peer-reviewed e-journal is committed to showcasing thought-provoking work from both academics and industry practitioners.... Read More |
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Impact of ESG Considerations on Deal Success and Post-Merger Performance of SPACsHimanshi & Kaushik RoyWhile the rapid proliferation of Special Purpose Acquisition Companies (SPACs) has transformed capital markets, the phenomenon also raises questions about their efficacy and long-term value creation. SPACs offer a streamlined alternative to traditional initial public offerings (IPOs), enabling private companies to access public equity through a merger with a shell entity already listed on a stock exchange. In recent years, SPAC activity has surged, with issuances rising from 59 deals in 2019 to 613 deals in 2021, driven by an array of favourable conditions (SPAC Research, 2023).Within this broader trend, energy-sector SPACs have garnered particular attention. Understanding whether SPAC transactions truly deliver on their promise of efficient capital formation and sustainable growth is of key interest to all stakeholders – policymakers, institutional investors, corporate sponsors, and scholars of business and corporate finance... Read More |
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Building Trust in Digital Lending: The Role of Branding in India’s Fintech LandscapeAnjali Pala and Sunil PatelIndia's financial services sector has experienced a seismic shift in the last decade due to the proliferation of digital tools and platforms. Digital lending is one of the most disruptive innovations, allowing speed, paperlessness, and access to credit to many consumers and businesses. The value of digital lending transactions is expected to exceed USD 350 billion in India by 2026 (Grand View Research 2024).This increase has been anchored by government-backed infrastructures such as Aadhaar-enabled eKYC, real-time credit scores, and mobile-first solutions that circumvent traditional banking hurdles... Read More |
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Impact of COVID-19 on working hours – A gendered studyNishi MalhotraTime spent on job and causal inference between time spent on job to boost corporate performance is a matter of debate for the policy makers and corporate leaders and researchers from the modern school of ... Read More |
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Signalling Quality Through Underpricing: A Bayesian Game-Theoretic Analysis of Indian Startup IPOs (2020–2024)Sudam MajhiWith a flurry of well-known initial public offerings (IPOs) from tech-driven startups like Zomato, Nykaa, Paytm, Mamaearth, and Policybazaar, the years 2020–2024 have been a revolutionary time in India's capital markets.. Read More |
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Bringing International Accounting Standards to Emerging Markets: Implementing IndAS in Indian BanksDaitri TiwaryEarly estimates of the first quarter of financial year 2025-26 expected a 2 per cent growth in margins of Indian banks, however actual figures revealed a contraction of one percent in the net interest income (NII) (ETBFSI, 2025)... Read More |
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