Murugesan Selvam | Bharathidasan University, Tiruchirappalli (original) (raw)

Papers by Murugesan Selvam

International Journal of Management (IJM), Jan 24, 2013

There is an increasing awareness among all the stakeholders about the importance of the Corporate... more There is an increasing awareness among all the stakeholders about the importance of the Corporate Social Responsibility of the firms, especially in green concepts. The Environmental Accounting deals with the assessment and disclosure of environment related information. The environment related information helps to take both internal and external decision making of the organization. Environmental Management Accounting (EMA) deals with the internal decision making related to the environmental performance of the organization. This paper reviews the internal decision making tools in taking business decision regarding environmental consideration.

American Journal of Applied Sciences, 2006

This research article demonstrates the application of Confirmatory Factor Analysis (CFA) in the s... more This research article demonstrates the application of Confirmatory Factor Analysis (CFA) in the scale development process of measuring the construct Service Loyalty (SERVLOYAL). The conceptualization of SERVLOYAL is presented, the dimensions forming the SERVLOYAL construct are figured out. The nitty-gritty of CFA is discussed. And the results of CFA analysis for SERVLOYAL scale developed are found to be reliable. This empirical study provides a solid foundation for further research in CFA and SEM applications.

Global Business Review, 2012

Changes in an index are a regular phenomenon and they take place due to the inclusion and exclusi... more Changes in an index are a regular phenomenon and they take place due to the inclusion and exclusion of stocks from the index. The inclusion or exclusion of stocks creates great impact on the value of the firm. However, these changes are simply a short-lived event with no permanent valuation effect. The present research study analyzed the impact of the

The Journal of Internet Banking and Commerce, 2016

This paper empirically predicts the Return on Assets (ROA) efficiency of sample banks by using th... more This paper empirically predicts the Return on Assets (ROA) efficiency of sample banks by using the Data Envelopment Analysis. A sample of 18 banks was taken for the study. The sample banks were categorized into three main groups’ i.e. large size group, medium size group and small size group. The main objective of this study was to analyze the technical efficiency (in respect of return on asset) of sample Kenyan banks, namely, Kenya Commercial Bank Ltd, Standard Chartered Bank Ltd, Barclays bank of Kenya Ltd, Co-operative Bank of Kenya Ltd, CFC Stanbic Bank Ltd, Equity Bank Ltd, Bank of India Ltd, Bank of Baroda Ltd, Commercial Bank of Africa Ltd, National Industrial Development Bank of Kenya Ltd, I & M Bank Ltd, Diamond Trust Bank (K) Ltd, Habib Bank Ltd, Oriental Commercial Bank Ltd, Habib Bank A.G. Zurich,Development Bank of Kenya Ltd, Fidelity Commercial Bank Ltd and K-Rep Bank Ltd. The study recommends that the inefficient banks should especially improve their non-cash loans and...

The capital market is a vital institution as it facilitates economic development of a country. In... more The capital market is a vital institution as it facilitates economic development of a country. Investors need to know the efficiency of the stock market to invest their hard-earned money in a profitable way, while the policy makers need the latest information about different indices to devise appropriate policies. Thus, the efficiency of sectoral indices could also help the government to identify efficient sectors and to channel available resources for the growth of such sectors. This paper proposes to investigate the capital market efficiency in NSE (National Stock Exchange) sectoral indices by using daily share price returns. The aim of this study was to examine the weak form efficiency of the selected indices listed in NSE. The study found from the results of sectoral indices that NSE could not be considered under weak form efficiency during the study period.

MatSciRN: Other Materials Performance (Topic), 2018

The world has become data driven, which highly accentuated the utilization of information technol... more The world has become data driven, which highly accentuated the utilization of information technology. The movements of stock markets are influenced, by both the micro as well as macro economic variables including the legal framework and taxation policies of the respective economies. The crux of the issue lies in exactly forecasting the future stock price movements of individual firms and stock indices, based on historical past prices. The accuracy, in forecasting the market trend, has become difficult due to the prevalence of stochastic behaviour and volatility in the stock prices and index movements. This paper analyses the non- linear movement pattern of the most volatile, top three stocks in terms of market capitalization, listed in the Bombay Stock Exchange (BSE) in India, namely Reliance Industries Limited (RIL), Tata Consultancy Services (TCS) Limited and HDFC Bank Limited, using the Artificial Neural Network (ANN) for the study period from 2008 to 2017. The findings of the st...

Comparative Political Economy: Monetary Policy eJournal, 2020

An attempt has been made in this paper, to investigate the effect of oil prices on the exchange r... more An attempt has been made in this paper, to investigate the effect of oil prices on the exchange rate of 13 Asia – Pacific sample countries against USD, for the period from 04th January 2000 to 31st March 2020. OLS and QR Models were adopted for the analysis. Japanese Yen and Hong Kong Dollar were not affected by the oil prices during the study period. Sample currencies responded differently to oil price shocks under current market conditions. The results of this study would be useful to the policy makers, in the context of variations of oil and currency markets.

Academy of Strategic Management Journal, 2018

This paper investigated the effect of three weather factors (temperature, humidity and wind speed... more This paper investigated the effect of three weather factors (temperature, humidity and wind speed), on the returns of the Indian stock indices (BSE Sensex and S&P CNX Nifty). This study examined how weather affected the Movement and relationship of top stock market indices in India. The study used the monthly data of weather, in five sample cities (Chennai, Mumbai, Delhi, Kolkata and Hyderabad), in India. Statistical tools like Descriptive Statistics, Correlation Matrix and Granger Causality Test were used for the analysis. This study found that the temperature influenced the investors’ mood in Bangalore, in respect of BSE Sensex and Kolkata & Mumbai, in respect of CNX Nifty and Humidity influenced Mumbai, in respect of CNX Nifty.

The International Journal of Management, 2012

This book examines the semi-strong efficiency of Indian Capital Market with respect to Pharmaceut... more This book examines the semi-strong efficiency of Indian Capital Market with respect to Pharmaceutical Industry. The information content of events and its dissemination determine the efficiency of the capital market. In other words, how quickly and correctly the security prices reflect the security- related information, show the efficiency of the capital market. To analyze the event which contains information, one should have adequate knowledge about corporate events like Quarterly Earnings, New Listings, Dividend, Mergers and Acquisitions, Stock Split, Bonus Issue, Buy Back and Rights Issue etc. It may be possible for the institutional investors to take favourable decisions because they have the advantage of Research & Development Wing. The study would enable the individual investors also to take appropriate investment decisions. Further, this study will motivate them to contribute their small savings and surplus towards the investment capital market. These activities may increase t...

The aim of the paper is to find out the relational effect between Corporate Financial Performance... more The aim of the paper is to find out the relational effect between Corporate Financial Performance (CFP) and Corporate Social Performance (CSP). This paper could facilitate a better understanding of the relationship between CFP and CSP. The mediating effect between CFP and CSP, by applying was examined regression and mediation analysis. The study found that innovation was a critical factor in the relationship between CFP and Corporate Social Performance (CSP). Therefore, the investment of financial resources in innovation initiatives is one of the most important factors, which would help increase CSP.

This study proposes to investigate the link between Real Exchange Rate and Economic Growth in ten... more This study proposes to investigate the link between Real Exchange Rate and Economic Growth in ten Asia - Pacific countries and aims to study how Real Exchange Rate (RER) and Economic Growth (EG) were related to each other. This study decomposed the linear relationship between RER and Economic Growth Variables like FER, GDP, Exports and Imports. It was found that FER, GDP, Exports and Imports did have positive relationship with RER in all the ten sample countries. Real Exchange Rate caused exports in countries like Hong Kong and Thailand. But Japan, the only country, did not report long run relationship between RER and Economic Growth Variables.

Journal of International Finance and Economics

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Page 109. VOLUME NO: 1 (2011), ISSUE NO. 3 (JULY) ISSN 2231-4245 INTERNATIONAL JOURNAL OF RESEARC... more Page 109. VOLUME NO: 1 (2011), ISSUE NO. 3 (JULY) ISSN 2231-4245 INTERNATIONAL JOURNAL OF RESEARCH IN COMMERCE, ECONOMICS & MANAGEMENT A Monthly Double-Blind Peer Reviewed Refereed Open ...

More the financial markets become ‘peopled,’ more behavioural patterns are observed in individual... more More the financial markets become ‘peopled,’ more behavioural patterns are observed in individual investors. The individual investor’s attitudes and opinion towards investing must have a significant impact on the stock market. The aim of this study is to analyse the individual Investor’s sentiment and to study the influence of Stock Specific Factors on investors’ sentiment. The investors were administered a Structured Schedule to measure the investors’ sentiment. The impact of Psychological Factors, Past Price Performance, Price Earnings and Familiarity with Products, Price Earnings and Familiarity with Products, Recommendation of the financial community, Expected events surrounding the stock and Book Value, Who else is buying, Quality of Management, Financial Characteristics and Price cut off rules were tested in this study by using the Bootstrapping Method. It is found that the overall Stock Specific Factors did not have much influence on the investors’ sentiment in India during t...

Journal of Engineering and Applied Sciences

Asia-Pacific Journal of Management Research and Innovation

The Bombay Stock Exchange is the most popular and also the oldest stock exchange in Asia. It has ... more The Bombay Stock Exchange is the most popular and also the oldest stock exchange in Asia. It has the major number of listed companies in the world. In September 2008, the Sensex experienced huge falls, along with other markets around the world. Financial markets have become ever larger and financial crises have become more threatening to society. The devastating consequences of these crises stimulated the development of methods for predicting financial turmoil. New approaches to stock market prediction are considered on the basis of the intensity of stock index fluctuations estimated by fractal analysis techniques. Fractal analysis is used to analyse the financial time series. This article examined the fractal dimension in S&P BSE Sensex for pre- and post-recession periods—2004–2008 and 2008–2012 respectively.

International Journal of Social Science Studies, 2016

The performance of firm is a relevant construct, in strategic management research, across the glo... more The performance of firm is a relevant construct, in strategic management research, across the globe and frequently it is used as a dependent variable. In spite of its relevance, there is hardly any consensus about its definition, dimensionality and measurement, which limits advances in research. This review article suggests a comprehensive subjective measurement model for performance of firms, based on indicators and findings of earlier research studies. The final subjective model was developed with nine determinants/dimensions, namely, profitability performance, growth performance, market value performance of the firm, customer satisfaction, employee satisfaction, environmental audit performance, corporate governance performance and social performance. It is found that these nine dimensions or determinants cannot be used interchangeably since they represent different aspects of firm performance and different stakeholders of firms have different demands that need to be managed independently. Researchers and practitioners may use the proposed subjective model, in empirical studies, to evaluate the multiple performance of a firm.

Indian Journal of Open Learning, 1999