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1 – 4 of 4Anirban Sarkar, Prabal Chakraborty and Suchitra Kumari
Europe and North America have witnessed consistent decline in the manufacturing sector over a period of time. It is also evident from the existing literature that shows growth of…
Abstract
Europe and North America have witnessed consistent decline in the manufacturing sector over a period of time. It is also evident from the existing literature that shows growth of Indian manufacturing industries is not at all satisfactory. The objective of the chapter is to analyze the manufacturing sector in India and also to highlight key factors related to the growth of manufacturing industry with special emphasis on Eastern India.
For the estimation, cluster sampling was used to collect data from 166 respondents in India. We initially sent the questionnaire to 200 entrepreneurs out of which 34 respondents did not retrograde. As a result the total sample size was 166. The scales were made operational by using 5-point Likert scales (1 = “Strongly Disagree” to 5 = “Strongly Agree”). We also followed recommended sample size for conducting multinomial logistic regression.
It is found that liberalized foreign direct investment policy, focus on export, focus on increasing rural consumption, delicensing of industries, and financial sector liberalization significantly influence sustainable economic development.
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Glenn Growe, Marinus DeBruine, John Y. Lee and José F. Tudón Maldonado
This paper examines the profitability and performance measurement of U.S. regional banks during the period 1994–2011, using the GMM estimator technique. Our study extends prior…
Abstract
Purpose
This paper examines the profitability and performance measurement of U.S. regional banks during the period 1994–2011, using the GMM estimator technique. Our study extends prior research by including several factors not previously considered using U.S. data.
Approach
We use bank-specific, industry-specific, and macroeconomic determinants of profitability contemporaneous with our performance indicators. We follow the accounting fundamental analysis path in explaining the bank performance.
Findings
Among the performance measures, the efficiency ratio and provisions for credit losses are negatively and equity scaled by assets is positively related to profitability. However, these relationships either reverse (efficiency ratio and provisions for credit losses) or become insignificant (equity scaled by assets) when the target becomes change in profitability. The level of nonperforming assets is negatively related to profitability across all measures of profitability used. Macroeconomic variables are largely unrelated to profitability during the year they are measured. However, they have a significant relationship with earnings change measures, suggesting they have a lagged effect on profitability. The slope of the yield curve is especially strong in this regard.
Originality
We use our determinants to model changes in bank profitability one year ahead, in addition to including several factors not previously considered, using the predictive focus of the fundamental analysis research.
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