01
Original Article
Open Access
Diplomatic Associations and Exchange Rates : A Study on Russia-Ukraine War
Sayantan Kundu, Aditya Banerjee
· pp. 8–19
DOI: 10.17010/ijf/2023/v17i3/172669
Purpose: This paper aimed to analyze the impact of the Russia-Ukraine war on the currencies of two major groups of nations based on their diplomatic association with Russia, viz., those against invasion and the non-aligned group. Methodology: The methodology adopted …
Keywords:
Diplomatic Associations, Russia-Ukraine War, Economic Sanctions, Foreign Exchange Rates, Event Study, DCC-GARCH. JELClassification Codes
02
Original Article
Open Access
Financial Contagion between Crude Oil, Gold, and Equity Sectors in India during COVID
Vikas Pandey
· pp. 20–36
DOI: 10.17010/ijf/2023/v17i3/172670
Purpose: This study examined the financial contagion between crude oil and gold prices with the equity prices of different sectors in the Indian equity market during the recent COVID crisis.Design/Methodology/Approach : Dynamic conditional correlation (DCC) GARCH model was employed to …
Keywords:
COVID-19, DCC GARCH, Financial Contagion, Indian Equity Markets, Crude Oil, Gold. JELClassification Codes
03
Original Article
Open Access
ESG Score and Mutual Fund Performance : Empirical Evidence from India
Tarun Kumar Soni
· pp. 37–49
DOI: 10.17010/ijf/2023/v17i3/172671
This paper studied the relationship between risk-adjusted returns and ESG disclosures of mutual funds operating in India for 13 years. It tested whether the mutual funds with higher ESG scores generated higher risk-adjusted returns than those with lower ESG scores. …
Keywords:
ESG, India, Mutual Funds Performance. JELClassification Codes
04
Original Article
Open Access
Impact of Economic Policy Uncertainty on the Indian Stock Market : An Empirical Investigation
Naman Kalra, Gaurav Gupta
· pp. 50–63
DOI: 10.17010/ijf/2023/v17i3/172672
Purpose: This study examined the impact of economic policy uncertainty on the Indian stock market. Economic policy uncertainty showed that uncertainties persist in the economy and may affect economies, industries, and companies. The stock market of any economy is very …
Keywords:
Economic Policy Uncertainty, Stock Market, Emerging Markets. JELClassification Codes
05
Original Article
Open Access
The Saga of Ruchi Soya Industries Limited : Could Credit Risk Models Predict Bankruptcy?
Nidhi Gupta, Vandana Gupta
· pp. 64–76
DOI: 10.17010/ijf/2023/v17i3/172673
Purpose: The primary objective of this study was to examine the efficacy of credit risk models in predicting bankruptcy and evaluating the firm's post-acquisition performance.Design/ Methodology: Ruchi Soya Industries Limited, an Indian listed firm that went into bankruptcy in 2018, …
Keywords:
Accounting-Based Models, Bankruptcy, Market-Based Models, Predictive. JELClassification Codes