ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles by Nitya Nand TripathiSubscribe to Nitya Nand Tripathi

Movement of Remunerations in Business Group Firms vis-à-vis Stand-alone Firms during Adverse Conditions

While examining Indian business group firms’ behaviour towards employee wages, salaries, and top executives’ remuneration, this paper investigates financial resource management differences between business group firms and stand-alone firms and explores the management decisions during the global financial crisis and the COVID-19 pandemic. Using financial information for 32,384 firm-years from non-financial companies listed on the Indian stock exchange (2003–22), we employed unbalanced panel data and various statistical tools. Results showed business group firms prioritising employee welfare over stand-alone firms. M anagement decisions varied during the economic crisis and the pandemic. The empirical outcomes provide directions for framing policies to address employees’ welfare during adverse economic conditions.

Do Private Sector Banks Manage Equity Capital Competently Compared to Public Sector Banks?

Private sector banks hold equity capital in excess of the regulatory requirement (400 basis points more from 2006 to 2017). The impact of excess capital in banks is examined through a partial adjustment approach with unbalanced panel data for listed Indian banks from 2006 to 2017. Findings reveal that banks hold excess capital ratios, and private sector banks actively manage higher capital ratios than the public sector banks. The speed of adjustment for private banks is much higher than for public sector ones, and an inverse relationship between non-performing assets and change in equity capital is found.

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