Consumers’ Perception regarding Service Quality in Aviation Sector in Agartala

This paper intend to identify the factors affecting the consumer perception (when people chooses the services by compulsion not by choice) regarding the service quality among three domestic airlines namely Spice Jet, Indigo and Kingfisher, service providers in Agartala and to identify the most important factor in case of each domestic airlines. For achieving this objective a questionnaire was framed according to SERVPERF model and data from 110 subjects. Factor analysis and then regression analysis was carried out for extracting the factors and identifying the most important factor. We found that among the three airline service providers the number of factors loaded is different. Additionally, in case of Spice Jet and Indigo ‘assurance’ and in case of Kingfisher ‘safe and promptness’ factor is found to be most important factor

Determinants of current ratios: a study with reference to companies listed in Bombay stock exchange

Current ratio measures the liquidity and margin of safety that companies maintain in order to allow for the inevitable unevenness in the flow of funds. The present study examines the trend and determinants of current ratios of listed companies in India using panel least square with fixed and random effect. The analysis is based on data collected from 219 companies of Bombay Stock Exchange 500 index. The study evaluated the determinants of current ratios and trend in sector wise as well as sample taken as a whole. The result of the study shows current ratio is showing a negative trend in last decade. Receivable days, payable days, inventory days and size of the firm are the major determinant of current ratio. Inventory turnover does not have any impact for determine current ratioKey words: current ratio, liquidity, panel least square, inventory turnover, receivable days

Testing the relationship between FDI inflow and out flow in India: a critical analysis

This study examines the factors determining FDI inflow and outflow from India using annual data set from the period 1980-2009. More over the study has tested whether FDI inflow has any role in determining FDI out flow and vice versa. The study used stepwise regression for finding the determinants. Trade openness (Trade as a percentage of GDP), Gross Capital Formation, economic stability (Lending Rate as the proxy for economic stability) and FDI outflow are found to be the major factors determining FDI inflow in India. In case of FDI outflow labour cost (workers remittance and compensation of employees received in US $is taken as a measure of labour cost), market size (GDP in current US$), economic stability (Lending Rate as the proxy for economic stability), Gross Capital Formation and FDI inflow are the major factors that determines FDI outflow in India. And more over FDI out flow has a role to attract FDI inflow to the countr

Testing the relationship between FDI inflow and out flow in India: a critical analysis

This study examines the factors determining FDI inflow and outflow from India using annual data set from the period 1980-2009. More over the study has tested whether FDI inflow has any role in determining FDI out flow and vice versa. The study used stepwise regression for finding the determinants. Trade openness (Trade as a percentage of GDP), Gross Capital Formation, economic stability (Lending Rate as the proxy for economic stability) and FDI outflow are found to be the major factors determining FDI inflow in India. In case of FDI outflow labour cost (workers remittance and compensation of employees received in US $is taken as a measure of labour cost), market size (GDP in current US$), economic stability (Lending Rate as the proxy for economic stability), Gross Capital Formation and FDI inflow are the major factors that determines FDI outflow in India. And more over FDI out flow has a role to attract FDI inflow to the countr

Education and Economic Growth in India

The paper focuses on the expenditure on education as determinant on economic growth. The study examine the relationship between education and economic growth in total number of states as a whole , Non special category states, special category states and North eastern states separately. We have considered Net State Domestic Product at Factor cost on constant prices (NSDP) and Per-capita Net State Domestic Product at Factor cost ( PerNSDP)on constant price as proxy for economic growth. Using the panel least square with fixed and random effect NSDP and Per NSDP has regressed separately on Expenditure on education and Expenditure on education as a percentage of aggregate expenditure. The result of the study shows that expenditure on education is positively influencing the growth of the economy. But Expenditure on education as a percentage of aggregate expenditure is negatively influencing the economic growth in case of total states as a whole and Non special category states. However it is not showing significance for northeastern states

Are the Bombay stock Exchange Sectoral indices of Indian stock market cointegrated? Evidence using fractional cointegration test

The present study is an attempt to test whether sectoral indices of Bombay stock Exchange have diversification benefits in the same. For the analysis, we used daily data spanning from 2/1/1999to 3/31/2011. To test our hypothesis we used Fractional cointegration test. Study found that, ingeneral, no evidence of cointegration in the sectoral indices of Bombay stock Exchange and hence conclude that there is benefit to domestic investors for sectoral diversification in the Bombay stock Exchange Sectoral indices of Indian stock market

Education and Economic Growth in India

The paper focuses on the expenditure on education as determinant on economic growth. The study examine the relationship between education and economic growth in total number of states as a whole , Non special category states, special category states and North eastern states separately. We have considered Net State Domestic Product at Factor cost on constant prices (NSDP) and Per-capita Net State Domestic Product at Factor cost ( PerNSDP)on constant price as proxy for economic growth. Using the panel least square with fixed and random effect NSDP and Per NSDP has regressed separately on Expenditure on education and Expenditure on education as a percentage of aggregate expenditure. The result of the study shows that expenditure on education is positively influencing the growth of the economy. But Expenditure on education as a percentage of aggregate expenditure is negatively influencing the economic growth in case of total states as a whole and Non special category states. However it is not showing significance for northeastern states

Determinants of current ratios: a study with reference to companies listed in Bombay stock exchange

Current ratio measures the liquidity and margin of safety that companies maintain in order to allow for the inevitable unevenness in the flow of funds. The present study examines the trend and determinants of current ratios of listed companies in India using panel least square with fixed and random effect. The analysis is based on data collected from 219 companies of Bombay Stock Exchange 500 index. The study evaluated the determinants of current ratios and trend in sector wise as well as sample taken as a whole. The result of the study shows current ratio is showing a negative trend in last decade. Receivable days, payable days, inventory days and size of the firm are the major determinant of current ratio. Inventory turnover does not have any impact for determine current rati

Determinants of capital Structure: comparison of empirical evidence for the use of different estimators

The capital structure of a company consists of a particular combination of debt and equity issues to relieve potential pressures on its long-term financing. To examine such issues, many theories have been developed in the literature and they generally focus upon what determinants are likely to influence the so-called leverage decisions of the firms. Among these, the MM theory, trade-off theory and signaling theory have been said to mainly play a crucial role in identifying and testing the various properties of the leverage decisions. This paper briefly tries to define the fundamentals underlying these theories and evaluates whether some a priori assumed macroeconomic determinants can be related to the leverage parameters of interest examined in the paper. For this purpose, we conduct an empirical research that covers 90 selected firms traded at the BSE Stock Exchange. For the empirical analysis panel data methodology has been applied. The study period is 2002-2009. From this, it is hoped that we are able to highlight the issue of what properties the leverage ratios have and to satisfy our curiosity about how can the macroeconomic determinants affect the leverage ratios under various groupings such as tangibility, size, growth opportunities, profitability and non-debt tax shields. Our main results reveal that there is a negative and statistically significant relationship between non-debt tax shields and size and debt and there is a positive and statistically significant relationship between growth and ratio of fixed assets to total assets debt

Are the Bombay stock Exchange Sectoral indices of Indian stock market cointegrated? Evidence using fractional cointegration test

The present study is an attempt to test whether sectoral indices of Bombay stock Exchange have diversification benefits in the same. For the analysis, we used daily data spanning from 2/1/1999to 3/31/2011. To test our hypothesis we used Fractional cointegration test. Study found that, ingeneral, no evidence of cointegration in the sectoral indices of Bombay stock Exchange and hence conclude that there is benefit to domestic investors for sectoral diversification in the Bombay stock Exchange Sectoral indices of Indian stock market