Search results

Analysts expect reduced bank earnings as a result of the impact of the increase in bad loans. Banks have strategically created high provision coverage ratios allocating large funds for possible deterioration in asset quality. Given the expected faster growth and recovery in the bank lending sector, investors have always been interested in banking stocks, despite the waves of non-performing assets (NPAs) and recessionary influences. Historical references reiterate that the banking stocks have been better performers in their returns compared to the capital markets.

The study aims to examine the impact of key accounting variables on the stock prices of Indian banks in the panel data framework.

The current study explores the impact of accounting variables on the market prices of shares. After the study, it may be concluded that earning per share (EPS), return on equity (ROE), capital adequacy ratio (CAR) and net interest margin (NIM) have an incremental impact on the prices of banking stocks, and the current ratio (CR) and NPAs have a detrimental impact on them.

Studying their impact on stock prices is the most convenient fundamental analysis that could be conducted on the stock prices of the banks.

To provide insights into the association of the accounting and regulatory variables there is a severe limitation in the quantity of the literature available. This study has attempted to build a relationship between the accounting and regulatory variables and the stock prices of banking stocks, to help investors with some reliable methods to estimate the stock prices in the future.

Several empirical studies have proven that emerging countries are attractive destinations for Foreign Institutional Investors (FIIs) because of high expected returns, weak market efficiency and high growth that make them attractive destination for diversification of funds. But higher expected returns come coupled with high risk arising from political and economic instability. This study aims to compare the linear (symmetric) and non-linear (asymmetric) Generalized Autoregressive Conditional Heteroscedasticity (GARCH) models in forecasting the volatility of top five major emerging countries among E7, that is, China, India, Indonesia, Brazil and Mexico.

The volatility of financial markets of five major emerging countries has been empirically investigated for a period of two decades from January 2000 to December 2019 using univariate volatility models including GARCH 1, 1, Exponential Generalized Autoregressive Conditional Heteroscedasticity (E-GARCH 1, 1) and Threshold Generalized Autoregressive Conditional Heteroscedasticity (T-GARCH-1, 1) models. Further, to examine time-varying volatility, the distinctions of structural break have been captured in view of the global financial crisis of 2008. Thus, the period under the study has been segregated into pre- and post-crisis, that is, January 2001–December 2008 and January 2009–December 2019, respectively.

The findings indicate that GARCH (1, 1) model is superior to non-linear GARCH models for forecasting volatility because the effect of leverage is insignificant. China has been considered as most volatile, whereas India is volatile but positively skewed and Indonesia is the least volatile country. The results can help investors in better international diversification of their portfolio and identifying best suitable hedging opportunities.

This study can help investors to construct a more risk-adjusted returns international portfolio. Further, it adds to the scant literature available on the inconclusive debate on the choice of linear versus non-linear models to forecast market volatility.

Earlier studies related to univariate volatility models are mostly applications of the models. Only few studies have considered the robustness while applying the models. However, none of the studies to the best of the authors’ searches have considered these models for identifying the diversification opportunity among the emerging countries. Hence, this study is able to derive diversification and hedging opportunities by applying wide ranges of the statistical applications and models, that is, descriptive, correlations and univariate volatility models. It makes the study more rigorous and unique compared to the previous literature.

This study aims to provide an overview of rapid prototyping (RP) and shows the potential of this technology in the field of medicine as reported in various journals and proceedings. This review article also reports three case studies from open literature where RP and associated technology have been successfully implemented in the medical field.

Key publications from the past two decades have been reviewed.

This study concludes that use of RP-built medical model facilitates the three-dimensional visualization of anatomical part, improves the quality of preoperative planning and assists in the selection of optimal surgical approach and prosthetic implants. Additionally, this technology makes the previously manual operations much faster, accurate and cheaper. The outcome based on literature review and three case studies strongly suggests that RP technology might become part of a standard protocol in the medical sector in the near future.

The article is beneficial to study the influence of RP and associated technology in the field of medicine.