01
Original Article
Open Access
Financial Contagion in European Equity Markets: Evidence from the US Subprime and the Eurozone Crises
Ashish Kumar, Swati Khanna, Sanjay Dhingra, Neena Sinha
· pp. 8–28
DOI: 10.17010/ijf/2022/v16i8/171372
The study explored the financial contagion between the five European stock markets (Germany, Belgium, France, Netherlands, and Spain) and the impact of the US subprime crisis and Eurozone crisis on it by employing multivariate DCC-GARCH methodology. The dynamic conditional correlation …
Keywords:
Financial contagion, financial crisis, dynamic conditional correlation, stock markets, GARCH
02
Original Article
Open Access
Environment, Social, and Governance Performance and Firm Risk : A Study of the Indian Consumer Goods Sector
Khushboo Gupta, T. V. Raman, O. S. Deol, Kanishka Gupta
· pp. 29–45
DOI: 10.17010/ijf/2022/v16i8/171373
The objective of the present study was to find the impact of environment, social, and governance (ESG) performance on market measures of risk of Indian consumer goods companies. Mann – Whitney U test was used to compare the risk of …
Keywords:
ESG, systematic risk, unsystematic risk, total risk, consumer goods sector
03
Original Article
Open Access
Audits by Comptroller and Auditor General of India and Their Contribution to Accountability in Development Cooperation Projects
Shourjo Chatterjee, Rajit Verma
· pp. 46–62
DOI: 10.17010/ijf/2022/v16i8/171374
Audit of development cooperation projects by the Comptroller and Auditor General of India (CAG) contributes to ensuring accountability in using development cooperation funds. The present study examined such contribution to five different types of accountability: financial accountability, compliance accountability, performance …
Keywords:
Accountability, audit, audit report, development cooperation projects, Comptroller and Auditor General, supreme audit institution
