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Thesis

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2011 - 20136
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Subject: Financial Management × End date: 2013 × Start date: 2011 × Type: Thesis × Thesis Type: M.B.A ×
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Now showing 1 - 6 of 6
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    stUDY OF FINANCIAL RISK MANAGEMENT PRACTICES OF EXPORTERS OF LUDHIANA
    (Punjab Agricultural University, 2011) navdeep kaur; Aggarwal, navdeep
    The research project ―A study of financial risk management practices of exporters of Ludhiana‖ was undertaken with the objectives of studying the attitude towards financial risk management and the practices for the same. The study was focused on engineering and apparel exporters of Ludhiana. The data was collected from 25 exporters of apparel and engineering each, thereby. The analysis indicates that risk management is considered very important. Though the firms try to manage the financial risks, but still they are not able to combat it fully, due to lack of knowledge about the improved techniques of risk management like financial derivatives. It is found, statistically that there is significant difference in attitude of both engineering and apparel exporters regarding risk management
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    ThesisItemOpen Access
    Study of Momentum Investing in 52-Week High and 52-Week Low Stocks
    (Punjab Agricultural University, 2011) Ruchika Rajpal; Sachdeva, Y.P.
    Momentum investing in stock markets has been reported in several developed and emerging stock markets. This study entitled “Study of Momentum Investing in 52-Week High and 52-Week Low Stocks”, aimed to empirically examine the momentum investing in selected stocks. In order to achieve the objectives, a total of 250 stocks comprising 50 stocks every year (25 stocks from 52week high stocks and 25 stocks from 52-week low stocks) from NSE stock universe were selected from 2006 to 2010. The adjusted closing prices were obtained and returns were first compared with zero return (raw comparison). Further relative comparisons with the returns of S&P CNX NIFTY, CNX NIFTY JUNIOR and S&P CNX 500 were done for the same time period. The results revealed the presence of nil momentum investing in 52 week high stocks during short term period (30 days). For the intermediate period (90days) and long period (180 days) momentum investing worked particularly in 52 week high stocks. On the other hand in case of 52 week low stocks, momentum investing worked very well in short term period. In term of relative comparison it was found that momentum investing didn’t work at all in 52 week high stocks but was highly effective, although amid slight trend reversals, in 52 week low stocks.
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    ThesisItemOpen Access
    Stock price reaction to announcement of buy back in India: An event study of selected stocks
    (Punjab Agricultural University, 2013) simardeep kaur; Gupta, Mohit
    present study entitled 'Stock price reaction to announcement of buy back in India: An event study of selected stocks' aims to study the stock price reaction to buy back announcements through open market purchase and tender offer. Secondary data with respect to buy back announcement is collected from January 1st 2006 to December 31st 2012. Sample finally consisted of randomly selected 30 stocks for open market purchase and 30 stocks for tender offer. Event study methodology was applied where the event 'e' was considered as date of announcement of buy back. Stock return parameters i.e., alpha and beta co-efficients were calculated from single index market model including regression of stock returns on appropriate stock index return. The expected returns calculated on the basis of stock parameters from estimation window( e-100 to e-5) were compared with the actual returns in the event window (e-5 to e+5) and post event window (e+5 to e+30) and t test was applied to test the significance of these returns. The cumulative average abnormal return was found to be significant only in case of buy back through open market purchase in pre event window (starting from e-12 days) and extending upto post event window (upto e+6 days).
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    ThesisItemOpen Access
    Mutual Funds Performance Persistence : A Study of Equity Diversified Mutual Funds
    (Punjab Agricultural University, 2011) harpreet Kaur; Gupta, Mohit
    Performance persistence has been observed in the mutual fund markets of several developed and developing countries. This study entitled, “Mutual funds Performance Persistence : A Study of Equity Diversified Mutual Funds.” aimed to empirically study the performance persistence of equity diversified funds in Indian context. In order to achieve the objectives, quarterly returns of 116 equity diversified funds, grouped as portfolios, were compared on quarter to quarter basis. Ranks were assigned on the basis of return and rank correlation was evaluated between two quarters. In total 17 comparisons were made on quarter to quarter basis and out of these 10 comparisons depicted high performance persistence, in form of high positive rank correlation. In contrast very less performance persistence has been found using investor style as a control measure
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    ThesisItemOpen Access
    OCK INCLUSION IN SELECTED INDICES – A STUDY OF IMPACT ON STOCK RETURNS AND LIQUIDITY MEASURES
    (Punjab Agricultural University, 2011) Ramandeep kaur; Gupta, Mohit
    Stock inclusions and exclusions continuously happen in stock indices and many of the studies have shown that these events have effect on stock market performance in terms of return and volume. Present study “Stock Inclusion in Selected Indices- A Study of Impact on Stock Returns and Liquidity Measures” was undertaken to empirically access the impact of stock inclusions on stock returns and liquidity. Ten inclusions were randomly selected from a list of twenty stock inclusions and such selection was done for each of indices namely sensex representing large cap stocks, BSE mid cap index representing mid cap stocks and BSE small cap index representing small cap stocks. No abnormal and cumulative abnormal returns were found during event window ranging from e-1 through e+1 where „e‟ stands for event day. It was only in the mid cap stocks that significant abnormal and cumulative abnormal returns were found at e-4 day during pre event window upto e-10 days. During the post event window upto e+10 days the significant abnormal returns were found at e+4 day in case of mid cap and e+9 in case of small cap. No significant cumulative abnormal returns were found in post event window. No impact of stock inclusion was seen on liquidity measures of selected events
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    “Gender Difference In Investor Behavior: A Study Of PAU Teachers”
    (Punjab Agricultural University, 2011) SahilJagan
    The research project “Gender Difference In Investor Behavior: A Study Of PAU Teachers” was undertaken with the objectives to study the personal and environmental factors that influence investor behavior of individuals and the impact of these factors on investment decision making among men and women. On the basis of analysis of 103 respondents, the findings indicate that as investors, there is no significant gender difference in investor behavior for factors like sources of advice regarding saving and investment, investment activities and decisions, investor perceived behavioral control, saving and investment behavior based on family background and role of money in life. There is significant gender difference for factors like use of computer related tools, opinion towards financial advisors, willingness to take risk and attitudes or belief about investing