Showing papers by "M. Thenmozhi published in 2017"
TL;DR: In this article, the authors examined how technology, culture and corporate governance drive inward FDI in emerging economies and found that technology is the major attractive factor influencing inward investment in 22 emerging economies.
58 citations
TL;DR: In this paper, the authors present an overview of behavioral and experimental asset pricing theory, and systematically review the evolution and current development of behavioral asset pricing modalities, and present a review of the current state of the art.
Abstract: This article presents an overview of literature on behavioural and experimental asset pricing theory. We systematically review the evolution and current development of behavioural asset pricing mod...
21 citations
Journal Article•
TL;DR: In this article, the determinants of non-performing advances (NPA) in the Indian banking system with the help of panel data modeling were investigated. And the authors examined the impact of macroeconomic variables and bank specific characteristics upon the nonperforming advances of the banks.
Abstract: This paper investigates the determinants of non-performing advances (NPA) in the Indian banking system with the help of panel data modeling. Panel dataset of 31 Indian banks with yearly data that spans the period from 2000 to 2012 totalling 372 firm years has been analyzed. The study examined the impact of macroeconomic variables and bank specific characteristics upon the non-performing advances of the banks. Macro-economic variables had greater impact on Gross NPA ratio compare to NNPA ratio. This is because NNPA depends upon the NPA provisions made by the bank. Among macro-economic variables GDP, construction expenditure, growth rate in per capita income, foreign exchange reserves, stock market index and volatility have statistically significant inverse relationship with NPA ratios. This infers that economic growth coupled with positive stock market and foreign exchange market performance will indicate the reduction in nonperforming loans and the banks can go forward with credit growth expansion plans.
16 citations