Finance

Widespread liberalization and deregulation of financial markets, cross border mergers and acquisition, increased role of investors willing to invest abroad, rapid advances in modern technology and internet – have all resulted in remarkable increase of international capital flows in India. Foreign direct investment acts as a major medium in the development of a country through up-gradation of technical know how, managerial skills and financial resources. Rise in purchasing power, growing consumption and brand flare-up has led to transformation in retail sector. FDI in retail can enlarge market by reducing operation and transformation cost of business through implementation of advanced supply chain and benefit consumers and suppliers. As well as raised concerns about employment losses, increase in competition for domestic retailers resulting in closing of small domestic retailers from the market and distortion of urban culture development. The present paper focuses on the Indian retail sector in context of opportunities of expansion of FDI in Indian retail sector and the challenges come forward that retail sector faces.

Ethics are important because finances make people do some strange things. The spreadsheet does not have a conscience, and the goal of working with spreadsheets is to make numbers add up in a way that is pleasing to the organizations and its constituents. Ethical behavior is an important aspect for the success of a company, as it influences its relations with various stakeholders. Financial managers are responsible for the difficulty in interpreting sensitive and Exchanges presenting them in the form of financial reports that can be used to evaluate corporate performance is Month interest groups are responsible. So unethical professional practice includes providing financial information poor quality can destroy public confidence in financial management. With increasing global attention to the topic of ethics and quality of information in the accounting profession, in this paper an attempt has been made to the research vacuum in the corner of the financial manager explained the moral perspective on the quality of financial reporting to be filled. Field research companies in Tehran Stock Exchange are accepted. In this study, the ethical perspective of financial management as the independent variable is the moral status was assessed with a questionnaire. Quality and usefulness of financial reporting used to be correct financial reporting as dependent variables were examined. The aims of the present study include applied research, in terms of how to collect the required data from the standpoint of descriptive and correlation research is considered. For data analysis software (SPSS) was used. Based on the results obtained from the ethical perspective of financial management and financial reporting, there is a significant relationship; It is recommended that companies choose their money managers not only scientific and practical aspects of management should be considered But the ethical aspect of the study is important for managers should pay special attention to ethics and corporate managers have a choice.

FDI is an engine in bringing the financial sector at a fast speed. FDI was encouraged by financial liberalization and market-based reforms in many Emergent Market Economies (EMEs). Now, FDI has become a key feature of national development strategies for all most all the countries over the globe. FDI has boosted the economy of India and on the other hand there are critics who have blamed the government for ousting the domestic inflows. After liberalization of Trade policies in India, there has been a positive GDP growth rate in Indian economy. The paper tries to study the need of FDI in India. The paper focuses on the trends of FDI inflows by categorize them into sector-wise, region-wise, year-wise and country wise FDI inflow in India. The result depicts that among the sectors Service sector, among the regions Mumbai and among the countries Mauritius are at the top. It also shows that there has been a remarkable increase in FDI inflow in India during the year 2000 to 2012.

In this study the determinants of share price movements of sugar sector of Pakistan are determined. Data is taken from 2005-2010 of each company of sugar sector. Data is analyzed using three methods as by descriptive statistics, correlation and regression analysis. As in this study ROA (return on assets), ROCE (return on capital employed), EPS (earning per share) and dividend are used as an independent variables and share prices as dependent variable. Relationship between variables is determined through correlation and how much change in dependent variable due to independent variables is determined by regression analysis. Result show that 13.25%variation in dependent variable is explained by ROA, ROCE, EPS and dividend.

The professional ethics of accountants is an important issue directly relating to the integrity of the profession and its ability to secure the public trust. A job that is proper for the ethics is the job that is done by showing the necessary attention in the best way.Businesses as the institutions operating in certain environmental conditions are affected not only by their environments in the decisions that they give; they also affect their environments by their decisions and actions. Businesses? understanding the impact of their actions on society and taking these effects into consideration while taking decision and applying to them are related to the sense of social responsibility.This study aims to analyze the concept of Principles, approaches and Ethical standards in the accounting profession and how these Ethical standards are formed. Ethical accounting requires the application of moral principles, ethical practices and ethical standards. So learn and develop the basic concepts of ethics in the accounting profession is an essential first step.

Unit root tests used to examine non stationarity in a series at times give misleading results if possible structural breaks in the series are ignored. This study examined the presence of unit root in REER in India in the presence of structural breaks in the post reform period by using recent endogenous structural break unit root test. The results of the study reveal that there is no unit root in REER implying that it follows mean reversion.

In India, Various fund houses (58 AMCs) are offering mutual fund services. All these fund houses have several mutual fund schemes in each segment like equity, debt, gilt and liquid funds. Out of which equity segment has got several schemes and most of the investors are attracted towards equity mutual fund schemes. Because of availability of wide range of equity MF schemes in each AMC, it is important to identify outperforming funds available in the market. For that, it is appropriate to consider risk and return of each fund to yield better returns before taking investment decision. Hence Present study is an attempt of identifying risk and returns of equity funds and comparing the same with benchmark returns and peers to help mutual fund investors in choosing better funds as investment avenues.

The study identifies the impact of inflation and foreign exchange rate on foreign direct investment in Pakistan. Inflation and exchange rates are used as independent variables and foreign direct investment is taken as dependent variable. Discreet time series data has been used from the period of 1999 to 2009. The results of regression analysis reveal that high inflation has negative impact on foreign direct investment and higher exchange rates has positive impact on foreign direct investment in Pakistan. The inflation and foreign exchange rates both are insignificant in the analysis.

The handloom industry in Andhra Pradesh is famous for its age old weaving craft next to agriculture. Located in Andhra Pradesh Prakasham district, Chirala mandal is famous for its specialized weaving craft. Considering entire district of Prakasham 95% of total textile production comes from Chirala mandal alone stretching from Eepurupalem - Vetapalem - Pandilla palli, a stretch of 16 Kms length. In Chirala mandal itself some 300 varieties of fabrics were produced. Some of the world famous Tie and Die products are taken birth in Chirala. Chirala is known as second Mumbai. However it is observed that this traditional cottage industry is losing its attractive occupational status forcing the weavers to migrate to other occupations out of desperation. In the year 2007 around 15,000 weaver families have already migrated to other occupations, but even of course the weaver families are still continuing to hope for a bright future on day or the other. The income from these highly skilled weaver products are not able to produce an honorable living by solely depending upon this occupation resulting in migration to other occupations. The present study is under taken to understand the grievances of the weavers and also the weavers shifted to other professions.

Natural gas is fast becoming the main component in India’s vast energy sector. Due to its ease of handling and greater efficiency, natural gas is proving its utility both as fuel and feedstock. It has helped to attract investments and catalyse new demand and supply. This sector has witnessed significant developments over the years. The objective of this paper is an analysis done to see the extent to which a company has implemented using rules financial performance is good and right. Data has been taken from 2009 to 2013 in this study. Financial statements of GAIL, EGL, IGL and GGC for the indicated periods were obtained from websites such as prowess, CMIE, money control and yahoo finance. Necessary information derived from these financial statements were summarized and used to compute the financial ratios for the five-year period. Financial ratios are tools used to measure the profitability, liquidity and solvency performance of four major Indian gas distribution companies. This research is to analyze the financial statements of these companies using liquidity ratios, activity ratios, leverage ratios, profitability ratios, and market value ratios. For liquidity, the following ratios were used: current ratio, quick or acid-test ratio. For activity, Inventory turnover ratio, debtor turnover ratio and working capital turnover ratios were used. For leverage, the following ratios were used i.e. debt ratio, equity ratio, and interest coverage ratio. For profitability, net profit margin, return on assets, return on shareholder’s equity, and earnings per share were used. For market value, price-earnings ratio and earning par share ratios were used.