Pub Date : 2022-07-03DOI: 10.1080/10599231.2022.2095587
Dolly Gaur, D. R. Mohapatra, P. Jena
ABSTRACT In the last few years, due to a drastic increase in bad loans, the credit quality of banks has degraded in India. Along with national policies designed by banking regulator Reserve Bank of India (RBI) for management of credit quality, international best practices have also been implemented by the banking institutions. The Basel Accords proposed by the Basel committee have been provided for strengthening the banking sector and making it more resilient to any economic or financial shocks. Thus, the present study has been carried out with the objective to analyze the association between the recommendations of the most recent Accord by the Basel committee, that is, Basel III, and the credit quality of Indian banking industry. The study has undertaken a sample of 37 domestic commercial banks, examined over a time frame of 5 years (2015–2019). In order to address the endogeneity issue between capital regulations and credit quality representative, non-performing assets (NPA), the two-step system generalized method of moments has been applied for the purpose of regression analysis. The study has found that stringent capital requirements imposed by RBI are helpful in improving the credit quality of banks by reducing NPA. The results have further shown that the non-risk-based leverage ratio brings additional bad loans and, thus, bears an adverse influence on the asset quality of banks. The liquidity risk measure provided by Basel III, liquidity coverage ratio, does not carry any significant impact on NPA of domestic Indian banks. Results of the present study have implications for policymakers and bank management. Iinvestors can also benefit from the study. They can take the results presented on which banks are expected to be faced with a higher credit risk in future and the banking entities holding higher capital buffers which can protect the institutions from future loan losses.
{"title":"Credit Quality of Indian Banking Sector: Implications of Basel III Regulations","authors":"Dolly Gaur, D. R. Mohapatra, P. Jena","doi":"10.1080/10599231.2022.2095587","DOIUrl":"https://doi.org/10.1080/10599231.2022.2095587","url":null,"abstract":"ABSTRACT In the last few years, due to a drastic increase in bad loans, the credit quality of banks has degraded in India. Along with national policies designed by banking regulator Reserve Bank of India (RBI) for management of credit quality, international best practices have also been implemented by the banking institutions. The Basel Accords proposed by the Basel committee have been provided for strengthening the banking sector and making it more resilient to any economic or financial shocks. Thus, the present study has been carried out with the objective to analyze the association between the recommendations of the most recent Accord by the Basel committee, that is, Basel III, and the credit quality of Indian banking industry. The study has undertaken a sample of 37 domestic commercial banks, examined over a time frame of 5 years (2015–2019). In order to address the endogeneity issue between capital regulations and credit quality representative, non-performing assets (NPA), the two-step system generalized method of moments has been applied for the purpose of regression analysis. The study has found that stringent capital requirements imposed by RBI are helpful in improving the credit quality of banks by reducing NPA. The results have further shown that the non-risk-based leverage ratio brings additional bad loans and, thus, bears an adverse influence on the asset quality of banks. The liquidity risk measure provided by Basel III, liquidity coverage ratio, does not carry any significant impact on NPA of domestic Indian banks. Results of the present study have implications for policymakers and bank management. Iinvestors can also benefit from the study. They can take the results presented on which banks are expected to be faced with a higher credit risk in future and the banking entities holding higher capital buffers which can protect the institutions from future loan losses.","PeriodicalId":15043,"journal":{"name":"Journal of Asia-Pacific Business","volume":"23 1","pages":"234 - 253"},"PeriodicalIF":0.0,"publicationDate":"2022-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47996046","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-06-30DOI: 10.1080/10599231.2022.2095584
R. Ajami
The announced trade deal, the Indo-Pacific Economic Framework (IPEF), is a loosely-structured economic bloc advocated by the current US administration, which will include 13 countries. These countries, in addition to the United States, will be Australia, Brunei, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Thailand, and Vietnam. The bloc represents an estimated 40% of the global economy. In addition to its membership, IPEF could create global standards for AsiaPacific economies and beyond. This, according to US pronouncements, could bring faster economic growth across Asia-Pacific economies. Currently, the US GDP growth rate for 2022 is expected to be 2.8%, while that of China will be 2%. The position of the United States is that of strength and represents a shift away from the unfounded notion that China would be there to overtake the United States. The United States will continue to be the leading economy, and China will continue to be the second-largest economy. Nevertheless, there are certain advantages to the IPEF. The framework will help lower the cost of supply chains and reduce costly disruptions and could ensure a higher level of economic competitiveness during the next century for the whole region. Cooperation and economic and political stability and prosperity will also be enhanced. The framework was intended to be a replacement to the prior Trans-Pacific Partnership (TPP), which was advocated by former President Obama and current President Biden, and which former President Trump dropped out of in 2017. The pillars of the framework will focus on harmonizing corporate supply chains, expanding digital trade and clean energy, and fighting corruption. Critics of the IPEF’s loosely coupled framework suggest that this enlarged alliance is intended to reduce the regional influence of China, and some of the member states indicate that it should go beyond challenging China’s influence and should produce a functional economic bloc that will enhance and improve the positions of all the participant economies. Seven countries from the earlier TPP will belong in the IPEF; however, countries such as Canada and Mexico did not join as they are already in a free trade area with the United States. Moreover, US labor and environmental groups, which lobbied against the earlier TPP, are equally concerned about the IPEF, when it comes to digital JOURNAL OF ASIA-PACIFIC BUSINESS 2022, VOL. 23, NO. 3, 183–186 https://doi.org/10.1080/10599231.2022.2095584
{"title":"Strategic Trade and Investments Framework and Geopolitical Linkages across Asia-Pacific Economies","authors":"R. Ajami","doi":"10.1080/10599231.2022.2095584","DOIUrl":"https://doi.org/10.1080/10599231.2022.2095584","url":null,"abstract":"The announced trade deal, the Indo-Pacific Economic Framework (IPEF), is a loosely-structured economic bloc advocated by the current US administration, which will include 13 countries. These countries, in addition to the United States, will be Australia, Brunei, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Thailand, and Vietnam. The bloc represents an estimated 40% of the global economy. In addition to its membership, IPEF could create global standards for AsiaPacific economies and beyond. This, according to US pronouncements, could bring faster economic growth across Asia-Pacific economies. Currently, the US GDP growth rate for 2022 is expected to be 2.8%, while that of China will be 2%. The position of the United States is that of strength and represents a shift away from the unfounded notion that China would be there to overtake the United States. The United States will continue to be the leading economy, and China will continue to be the second-largest economy. Nevertheless, there are certain advantages to the IPEF. The framework will help lower the cost of supply chains and reduce costly disruptions and could ensure a higher level of economic competitiveness during the next century for the whole region. Cooperation and economic and political stability and prosperity will also be enhanced. The framework was intended to be a replacement to the prior Trans-Pacific Partnership (TPP), which was advocated by former President Obama and current President Biden, and which former President Trump dropped out of in 2017. The pillars of the framework will focus on harmonizing corporate supply chains, expanding digital trade and clean energy, and fighting corruption. Critics of the IPEF’s loosely coupled framework suggest that this enlarged alliance is intended to reduce the regional influence of China, and some of the member states indicate that it should go beyond challenging China’s influence and should produce a functional economic bloc that will enhance and improve the positions of all the participant economies. Seven countries from the earlier TPP will belong in the IPEF; however, countries such as Canada and Mexico did not join as they are already in a free trade area with the United States. Moreover, US labor and environmental groups, which lobbied against the earlier TPP, are equally concerned about the IPEF, when it comes to digital JOURNAL OF ASIA-PACIFIC BUSINESS 2022, VOL. 23, NO. 3, 183–186 https://doi.org/10.1080/10599231.2022.2095584","PeriodicalId":15043,"journal":{"name":"Journal of Asia-Pacific Business","volume":"23 1","pages":"183 - 186"},"PeriodicalIF":0.0,"publicationDate":"2022-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46249653","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-06-30DOI: 10.1080/10599231.2022.2095586
Aanchal Singh, Samik Shome
ABSTRACT The CHANS structure (coupled human and natural systems) offers a prism through which dynamic human and nature interactions can be viewed. Multiple frameworks have been developed under CHANS that look at a certain aspect of such interactions at different levels. One such framework is metacoupling, which is considered a tentative solution to achieving various Sustainable Development Goals (SDGs). In this context, this paper aims to give a comprehensive overview and develop an innovative conceptual model to understand intracoupling which comes under the umbrella concept of metacoupling. Based on the review of literature and the qualitative observations from the authors’ perspective the study has been designed in the form of a review of literature and later a conceptual framework has been developed. The model proposed in the article is applied to analyze the Public Distribution System (PDS) in India. PDS plays a vital role in ensuring food security which is given high priority in the list of SDGs. This framework is expected to offer the policy makers and researchers a new perspective in seeking creative solutions for the achievement of SDGs. It can also help in furthering the studies and theory-building process related to sustainability. Pioneering future applications to other social and economic challenges are suggested. Also, implications for research and policy are provided. To conclude, this paper adds to the existing literature on human nature interactions by providing a theoretical perspective to better understand the intricacies associated with it.
{"title":"Envisaging Food Security through Intracoupling: A CHANS Perspective","authors":"Aanchal Singh, Samik Shome","doi":"10.1080/10599231.2022.2095586","DOIUrl":"https://doi.org/10.1080/10599231.2022.2095586","url":null,"abstract":"ABSTRACT The CHANS structure (coupled human and natural systems) offers a prism through which dynamic human and nature interactions can be viewed. Multiple frameworks have been developed under CHANS that look at a certain aspect of such interactions at different levels. One such framework is metacoupling, which is considered a tentative solution to achieving various Sustainable Development Goals (SDGs). In this context, this paper aims to give a comprehensive overview and develop an innovative conceptual model to understand intracoupling which comes under the umbrella concept of metacoupling. Based on the review of literature and the qualitative observations from the authors’ perspective the study has been designed in the form of a review of literature and later a conceptual framework has been developed. The model proposed in the article is applied to analyze the Public Distribution System (PDS) in India. PDS plays a vital role in ensuring food security which is given high priority in the list of SDGs. This framework is expected to offer the policy makers and researchers a new perspective in seeking creative solutions for the achievement of SDGs. It can also help in furthering the studies and theory-building process related to sustainability. Pioneering future applications to other social and economic challenges are suggested. Also, implications for research and policy are provided. To conclude, this paper adds to the existing literature on human nature interactions by providing a theoretical perspective to better understand the intricacies associated with it.","PeriodicalId":15043,"journal":{"name":"Journal of Asia-Pacific Business","volume":"23 1","pages":"206 - 233"},"PeriodicalIF":0.0,"publicationDate":"2022-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47069782","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-04-03DOI: 10.1080/10599231.2022.2065564
A. Ozkan
ABSTRACT The main aim of this study was surveying the effects of burnout and work attitudes on turnover intention by using meta-analysis. Scopus, Web of Science, GoogleScholar, and Proquest were searched to prepare a data including 262 suitable studies providing 374 correlations. The meta-analysis results showed that all the data sets regarding the surveyed relationships were heterogeneous and none of them included publication bias. The effect sizes of job satisfaction, work engagement, and burnout on turnover intention were medium. The effects size of the relationship between organizational commitment and turnover intention, and the relationship between organizational commitment and job satisfaction were large.The moderator analysis results suggested that there was a significant difference between the effect sizes of burnout and work engagement on turnover intention in Asia, Oceania, and Africa. Moreover, industry was a moderator for the effect sizes of job satisfaction and organizational commitment on turnover intention. These results can be used by the researchers studying the variables of this study and by the managers determining policies to diminish turnover intention.
摘要本研究的主要目的是通过荟萃分析来调查倦怠和工作态度对离职意向的影响。Scopus、Web of Science、GoogleScholar和Proquest被搜索以准备数据，包括262项合适的研究，提供374种相关性。荟萃分析结果显示，所有关于调查关系的数据集都是异质的，没有一个包含发表偏倚。工作满意度、工作投入和倦怠对离职意向的影响大小为中等。组织承诺与离职意愿关系、组织承诺与工作满意度关系的效应大小较大。主持人分析结果表明，在亚洲、大洋洲和非洲，倦怠和工作投入对离职意愿的影响大小存在显著差异。此外，行业是工作满意度和组织承诺对离职意愿影响大小的调节因素。这些结果可供研究本研究变量的研究人员和确定减少离职意向的政策的管理人员使用。
{"title":"The Effect of Burnout and Work Attitudes on Turnover Intention: A Meta-Analytical Comparison between Asia, Oceania, and Africa","authors":"A. Ozkan","doi":"10.1080/10599231.2022.2065564","DOIUrl":"https://doi.org/10.1080/10599231.2022.2065564","url":null,"abstract":"ABSTRACT The main aim of this study was surveying the effects of burnout and work attitudes on turnover intention by using meta-analysis. Scopus, Web of Science, GoogleScholar, and Proquest were searched to prepare a data including 262 suitable studies providing 374 correlations. The meta-analysis results showed that all the data sets regarding the surveyed relationships were heterogeneous and none of them included publication bias. The effect sizes of job satisfaction, work engagement, and burnout on turnover intention were medium. The effects size of the relationship between organizational commitment and turnover intention, and the relationship between organizational commitment and job satisfaction were large.The moderator analysis results suggested that there was a significant difference between the effect sizes of burnout and work engagement on turnover intention in Asia, Oceania, and Africa. Moreover, industry was a moderator for the effect sizes of job satisfaction and organizational commitment on turnover intention. These results can be used by the researchers studying the variables of this study and by the managers determining policies to diminish turnover intention.","PeriodicalId":15043,"journal":{"name":"Journal of Asia-Pacific Business","volume":"23 1","pages":"113 - 141"},"PeriodicalIF":0.0,"publicationDate":"2022-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49403014","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-04-03DOI: 10.1080/10599231.2022.2065562
R. Ajami
{"title":"Globalization in Retreat: Putin’s War and Its Impact across the Globe and the Asia-Pacific Region","authors":"R. Ajami","doi":"10.1080/10599231.2022.2065562","DOIUrl":"https://doi.org/10.1080/10599231.2022.2065562","url":null,"abstract":"","PeriodicalId":15043,"journal":{"name":"Journal of Asia-Pacific Business","volume":"23 1","pages":"89 - 91"},"PeriodicalIF":0.0,"publicationDate":"2022-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47997368","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-04-03DOI: 10.1080/10599231.2022.2072493
Muhammad Imran, Gao Jingzu
ABSTRACT This research study mainly aims to propose and measure a framework that statistically evaluates how green organizational culture affects organizational performance. More importantly, it quantitatively analyzed the mediation of green innovation while environmental performance was studied as a moderator, previously unnoticed. A quantitative technique was employed in this research, and data were gathered from one hundred seventy respondents as a sample size. A closed-ended questionnaire was used to collect data from industrial and service enterprises from the four Malaysian states. The data collected from the survey was gathered with convenient random sampling. Using the structural equation model (PLS-SEM).
{"title":"Green Organizational Culture, Organizational Performance, Green Innovation, Environmental Performance: A Mediation-Moderation Model","authors":"Muhammad Imran, Gao Jingzu","doi":"10.1080/10599231.2022.2072493","DOIUrl":"https://doi.org/10.1080/10599231.2022.2072493","url":null,"abstract":"ABSTRACT This research study mainly aims to propose and measure a framework that statistically evaluates how green organizational culture affects organizational performance. More importantly, it quantitatively analyzed the mediation of green innovation while environmental performance was studied as a moderator, previously unnoticed. A quantitative technique was employed in this research, and data were gathered from one hundred seventy respondents as a sample size. A closed-ended questionnaire was used to collect data from industrial and service enterprises from the four Malaysian states. The data collected from the survey was gathered with convenient random sampling. Using the structural equation model (PLS-SEM).","PeriodicalId":15043,"journal":{"name":"Journal of Asia-Pacific Business","volume":"23 1","pages":"161 - 182"},"PeriodicalIF":0.0,"publicationDate":"2022-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44521139","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-04-03DOI: 10.1080/10599231.2022.2065565
Putu Mahardika Adi Saputra
ABSTRACT This study aimed to investigate spatial interdependence in bilateral trade activities of Tuna commodities in the ASEAN+2 countries and compare the gravity panel model and hybrid model in explaining the bilateral trade. The gravity panel model estimated the conservative “pushing and pulling the flows” factors, whereas the hybrid model was used to perfect the gravity panel model in capturing the relevance of spatial interdependence. Results showed the presence of spatial interdependence in the bilateral trades among ASEAN+2 countries for Tuna commodities. Through the hybrid model, the third-country effect was found to originate from three spatial lag of independent variables.
{"title":"Bilateral Trade and Spatial Interdependence Relevance: An Analysis for Tuna Commodity in ASEAN+2 Countries","authors":"Putu Mahardika Adi Saputra","doi":"10.1080/10599231.2022.2065565","DOIUrl":"https://doi.org/10.1080/10599231.2022.2065565","url":null,"abstract":"ABSTRACT This study aimed to investigate spatial interdependence in bilateral trade activities of Tuna commodities in the ASEAN+2 countries and compare the gravity panel model and hybrid model in explaining the bilateral trade. The gravity panel model estimated the conservative “pushing and pulling the flows” factors, whereas the hybrid model was used to perfect the gravity panel model in capturing the relevance of spatial interdependence. Results showed the presence of spatial interdependence in the bilateral trades among ASEAN+2 countries for Tuna commodities. Through the hybrid model, the third-country effect was found to originate from three spatial lag of independent variables.","PeriodicalId":15043,"journal":{"name":"Journal of Asia-Pacific Business","volume":"23 1","pages":"142 - 160"},"PeriodicalIF":0.0,"publicationDate":"2022-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49293443","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-04-03DOI: 10.1080/10599231.2022.2065563
M. Sheikh, F. Mir
ABSTRACT In a globalized world, the identification of proximate determinants of economic prosperity is both demanding and pressing for governments particularly in developing countries. In recent years, the quest to uncover them has led to the shift in focus from conventional economic factors to noneconomic factors. In this backdrop, this study complements the existing literature by empirically investigating the nexus between trade openness, institutional quality and economic growth in five emerging countries. Specifically, it analyzes the trade-growth link and the mediatory role of institutions in different specifications. The study employs an endogenous growth model duly estimated through a contemporaneous correlation expunging an efficient approach called a cross-sectionally augmented autoregressive lag distributed (CS-ARDL) approach. The empirical estimates indicate that imports are fundamental in augmenting economic growth while exports and overall trade openness though having positive impact are statistically insignificant. Institutional infrastructure augments economic prosperity on its own but retorts trade-growth relationship.
{"title":"Do Institutions Mediate the Trade-growth Relationship: Evidence from Emerging Countries","authors":"M. Sheikh, F. Mir","doi":"10.1080/10599231.2022.2065563","DOIUrl":"https://doi.org/10.1080/10599231.2022.2065563","url":null,"abstract":"ABSTRACT In a globalized world, the identification of proximate determinants of economic prosperity is both demanding and pressing for governments particularly in developing countries. In recent years, the quest to uncover them has led to the shift in focus from conventional economic factors to noneconomic factors. In this backdrop, this study complements the existing literature by empirically investigating the nexus between trade openness, institutional quality and economic growth in five emerging countries. Specifically, it analyzes the trade-growth link and the mediatory role of institutions in different specifications. The study employs an endogenous growth model duly estimated through a contemporaneous correlation expunging an efficient approach called a cross-sectionally augmented autoregressive lag distributed (CS-ARDL) approach. The empirical estimates indicate that imports are fundamental in augmenting economic growth while exports and overall trade openness though having positive impact are statistically insignificant. Institutional infrastructure augments economic prosperity on its own but retorts trade-growth relationship.","PeriodicalId":15043,"journal":{"name":"Journal of Asia-Pacific Business","volume":"23 1","pages":"92 - 112"},"PeriodicalIF":0.0,"publicationDate":"2022-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46140388","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-04-01DOI: 10.1080/10599231.2022.2052448
G. Jason Goddard, Riad A. Ajami
(2022). Evergrande and Real Estate Value Subjectivity. Journal of Asia-Pacific Business: Vol. 23, No. 1, pp. 1-4.
(2022)。恒大与房地产价值主体性。《亚太经济研究》，第23卷第1期，第1-4页。
{"title":"Evergrande and Real Estate Value Subjectivity","authors":"G. Jason Goddard, Riad A. Ajami","doi":"10.1080/10599231.2022.2052448","DOIUrl":"https://doi.org/10.1080/10599231.2022.2052448","url":null,"abstract":"(2022). Evergrande and Real Estate Value Subjectivity. Journal of Asia-Pacific Business: Vol. 23, No. 1, pp. 1-4.","PeriodicalId":15043,"journal":{"name":"Journal of Asia-Pacific Business","volume":"15 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138508498","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-01-02DOI: 10.1080/10599231.2022.2025644
A. Bhatia, P. Kumari
ABSTRACT The current article examines the changes in the capital structure pattern of various industrial groups in India over two time phases. The results of the study indicate statistically significant differences between the capital structure of various industry groups. The majority of Indian companies are following mean industry leverages and thereby envisaging the application of optimal capital structure concept. Also, a decline is witnessed in the debt ratios in Phase II over Phase I. A prominent finding highlights the substitution of long-term debt with short-term debt. Overall results reveal the partial application of pecking order theory in Indian industries.
{"title":"Deleveraging Drive in the Indian Corporate Sector: Interindustry Intervening Evidence","authors":"A. Bhatia, P. Kumari","doi":"10.1080/10599231.2022.2025644","DOIUrl":"https://doi.org/10.1080/10599231.2022.2025644","url":null,"abstract":"ABSTRACT The current article examines the changes in the capital structure pattern of various industrial groups in India over two time phases. The results of the study indicate statistically significant differences between the capital structure of various industry groups. The majority of Indian companies are following mean industry leverages and thereby envisaging the application of optimal capital structure concept. Also, a decline is witnessed in the debt ratios in Phase II over Phase I. A prominent finding highlights the substitution of long-term debt with short-term debt. Overall results reveal the partial application of pecking order theory in Indian industries.","PeriodicalId":15043,"journal":{"name":"Journal of Asia-Pacific Business","volume":"23 1","pages":"46 - 72"},"PeriodicalIF":0.0,"publicationDate":"2022-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48132487","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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