IIMC

Artha May 2023

Artha May 2023 Read More Download Full Magazine
	Editorial Dr. Vivek Rajvanshi It is my pleasure to introduce you May 2023 a₹tha edition. A₹tha, as a peer-reviewed e-Journal, has attracted attention from academicians and practitioners, which is reflected in the increased number of subscriptions and articles submitted for publication. In the current issue, we are publishing seven articles covering a variety of topics from Accounting, Finance, and Governance. Read More
	Using Recent News and Mapping to Teach Real Estate Finance Dr. Arvind Ashta The Real Estate industry employs millions of people in developing, servicing and managing land and buildings that comprise two-thirds of global real assets or net worth (Woetzel et al., 2021). Investing and financing this real estate is therefore an important topic for business students. A course in real estate finance would include subjects such as whether one should buy property or rent, real estate valuation to determine a good price, sale and lease-back to finance emergency-time needs, whether real estate should be a part of your portfolio investment and if so how much, how to finance your real estate investments, whether you should invest in commercial real estate or housing, how to finance the development of real estate, the different forms of real estate ownership and their tax implications, and of course risk management. Read More
	Going back to Managerial Capitalism – Not a Retrograde Step Asish K Bhattacharyya Monitoring boards are ineffective in monitoring the CEO. In the 21st century, monitoring efficiency is abysmal due to the widening information asymmetry between the CEO and the board constituted of independent directors. The monitoring board has lived its life, and it is time to go back to managerial capitalism and the advisory board system. Read More
	Blended Finance: Unlocking Commercial Finance for Sustainable Development Utkarsh Majmudar The transition to a green economy will requires massive funding. It is estimated that the investment needs of emerging markets and developing economies could reach $1 trillion a year by 2030 (International Monetary Fund, 2022). Much of this should have come from the governments and international agencies like CDC Group or International Finance Corporation (IFC). Unfortunately, most economies around the world are running large deficits. Read More
	Well-connected directors: When do they really matter? Deepali Kalia A director in India serves on the boards of an average of five firms in a financial year. This number is higher if the director is female. Serving on boards of multiple organizations helps directors network with experts from different industries. It also leads to the formation of various indirect connections which can be utilized eventually. This article discusses the evolution of the role of directors, the rationale behind directors occupying multiple board positions, the benefits of better-connected directors, on both the individual and firm level, and the various factors which may limit the incremental benefits of well-connected directors. Read More
	Renewable Energy Financing in India Samhitha Kasibhatta India’s installed renewable energy capacity, as of 2022, is 111 GW. It aims to achieve a 500 GW installation by 2030, and has even pledged at the COP 26 summit, carbon neutrality by 2070. In this article, we go through a brief overview on renewable energy financing and the scenario in India. We touch up on the advantages and disadvantages of currently available modes of financing in the literature and discuss the way forward. Read More
	An analysis of the volatility of Indian Defence stocks using Bollinger bands Sandeep Bhattacharjee The existence of a relationship between Stock market fluctuations and the economy of the state, country or region may be interrelated to each other in one way or another. This research paper is an effort to understand the fluctuations or volatility in Indian Defence stocks and how it has propelled the growth of the Indian Defence sector in recent times. Five major companies include includes Hindustan Aeronautics Limited (HAL), BHARAT ELECTRONICS LTD, Mazagon Dock Shipbuilders Limited, Cochin Shipyard Ltd, Bharat Dynamics Ltd for the period of one year approx. i.e., between 30-12-2021 to 30-01-2023 (272 days of stock trading). Read More
	Dominance of Automation in Financial Services Industry Sameer Roy The digital revolution and proliferation of latest technologies have taken the world by storm. The rapid adoption of these emerging technologies confirms that the age of automation is upon us. The financial service sector, typically perceived as a conservative industry, has undergone tremendous evolution over the last few years. Being the kind of industry, which is dominated by labour intensive processes, the banking industry had to lead in welcoming automation solutions. Read More

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