The paper examines the long-run relationship between banking sector development and economic growth in 25 ARF countries for the period 1960-2012. Using principal component analysis for the construction of development index and vector auto-regressive model for testing the Granger causalities, the study finds the presence of both unidirectional and bidirectional causality between banking sector development and economic growth. The policy implication of this study is that the economic policies should recognize the differences in the banking sector development and economic growth in order to maintain sustainable development in the 25 ARF countries.
The current study examines the association between financial performance and leverage for 56 food processing firms listed in BSE over the period 2000-2018 using pooled OLS, fixed effects, and random effects models. The results indicate that leverage was significantly and positively associated with the firm performance. The results obtained are thus robust across the estimation methods. The pecking order theory and the static tradeoff theory, both seem to explain Indian food processing firms' decisions among the alternative theories of capital structure.
The study is aimed at exploring the growth of Byju's Market in K12, which has brought new and emerging trends in the field of education, especially e‐learning has been made easy through visualized, animated video, and audio classes for grades 4th to 12th especially for mathematics and science subjects. It also extends its courses for CAT, JEE, NEET, and IAS. The objective of the study is to describe the growth of this startup to unicorn and becoming one of the most valued startup in India standing in the 4th spot. The founder of Byju's wish to make the Indian education like what the Mouse House did for entertainment. The study focused with comparison of fellow rival brands along with their SWOT analysis, purely based on secondary and behavioral data which was collected from available websites, rating agencies, articles, and case study of Harvard Business School, which were published in newspapers by different personalities. There is high scope for the project in future for researchers in this industry.
This article investigates short-run as well as long-run relationships, and also causality relationships between banking sector development and the economic growth of India for which empirical analysis is performed using annual data. We use a new data set of banking sector development indicators to argue that banking sector development substantially affected economic growth. We find strong evidence that banking sector development caused economic growth in the Indian economy, especially in the period between 1960 and 2011, covering 52 years of the post-independence period for India.
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