Most recent issue published online in the International Journal of Diplomacy and Economy.
International Journal of Diplomacy and Economy
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International Journal of Diplomacy and Economy
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http://www.inderscience.com/browse/index.php?journalID=394&year=2024&vol=10&issue=1
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Economic policy uncertainty and stock market performance: evidence from the Middle East
http://www.inderscience.com/link.php?id=137092
This paper examines the impact of Economic Policy Uncertainty (EPU) in the top 15 economies on the stock market of 9 Middle East countries using a monthly data set from January 2004 to May 2021. The results based on the quantile regression approach show that EPU in China and Spain has a substantial impact on Turkey, EPU in India on UAE, and EPU in Spain and UK on Bahrain and Cyprus across all the quantiles. The other set of results indicate a mixed impact on Middle East countries. The impact of EPU is heterogeneous across stock markets in the Middle East. The results derived from our study would be of substantial utility for multiple stakeholders namely investors, portfolio managers and policy makers for the adoption of efficient decisions and to make better asset allocation.
Economic policy uncertainty and stock market performance: evidence from the Middle East
Muhammadriyaj Faniband; Salim Shamsher
International Journal of Diplomacy and Economy, Vol. 10, No. 1 (2024) pp. 5 - 38
This paper examines the impact of Economic Policy Uncertainty (EPU) in the top 15 economies on the stock market of 9 Middle East countries using a monthly data set from January 2004 to May 2021. The results based on the quantile regression approach show that EPU in China and Spain has a substantial impact on Turkey, EPU in India on UAE, and EPU in Spain and UK on Bahrain and Cyprus across all the quantiles. The other set of results indicate a mixed impact on Middle East countries. The impact of EPU is heterogeneous across stock markets in the Middle East. The results derived from our study would be of substantial utility for multiple stakeholders namely investors, portfolio managers and policy makers for the adoption of efficient decisions and to make better asset allocation.]]>
10.1504/IJDIPE.2024.137092
International Journal of Diplomacy and Economy, Vol. 10, No. 1 (2024) pp. 5 - 38
Muhammadriyaj Faniband
Salim Shamsher
Christ Academy Institute for Advanced Studies, Bangalore, India ' Karnavati University, Gandhinagar, Gujarat, India
economic policy uncertainty
stock market
Middle East
quantile regression
emerging markets
2024-03-01T23:20:50-05:00
Copyright © 2024 Inderscience Enterprises Ltd.
10
1
5
38
2024-03-01T23:20:50-05:00
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Sponsoring an event and stock return: Vivo IPL to Tata IPL
http://www.inderscience.com/link.php?id=137093
Title sponsorship of the Indian Premier League 2022-2023 has been given to Tata Group (an Indian Corporate Giant). The main aim of this study is to investigate the impact of the event on each of the listed entities within the Tata Group and identify which among them is the most reactive to this event. The closing prices of 17 stocks and the market index were collected from the Prowess database. The event study methodology was used to study the objective. The study employed the 21 days event window and 224 days estimation window to estimate the returns. The results indicate that Tata Communication Ltd. and Indian Hotels Co. Ltd. have a significant positive abnormal return on the event day. Overall, the average abnormal return of all stocks was found to be significantly positive on the next day of the event. The findings indicate that the market was optimistic regarding the communication and hospitality segment of the Tata Group during the IPL tournament.
Sponsoring an event and stock return: Vivo IPL to Tata IPL
Mohit Saini; Shallu Batra; Mahender Yadav; Vaibhav Aggarwal; Narender Verma
International Journal of Diplomacy and Economy, Vol. 10, No. 1 (2024) pp. 39 - 56
Title sponsorship of the Indian Premier League 2022-2023 has been given to Tata Group (an Indian Corporate Giant). The main aim of this study is to investigate the impact of the event on each of the listed entities within the Tata Group and identify which among them is the most reactive to this event. The closing prices of 17 stocks and the market index were collected from the Prowess database. The event study methodology was used to study the objective. The study employed the 21 days event window and 224 days estimation window to estimate the returns. The results indicate that Tata Communication Ltd. and Indian Hotels Co. Ltd. have a significant positive abnormal return on the event day. Overall, the average abnormal return of all stocks was found to be significantly positive on the next day of the event. The findings indicate that the market was optimistic regarding the communication and hospitality segment of the Tata Group during the IPL tournament.]]>
10.1504/IJDIPE.2024.137093
International Journal of Diplomacy and Economy, Vol. 10, No. 1 (2024) pp. 39 - 56
Mohit Saini
Shallu Batra
Mahender Yadav
Vaibhav Aggarwal
Narender Verma
Department of Commerce, Maharshi Dayanand University, Rohtak, Haryana, India ' Department of Commerce, Maharshi Dayanand University, Rohtak, Haryana, India ' Department of Commerce, Maharshi Dayanand University, Rohtak, Haryana, India ' O.P. Jindal Global University, Sonipat, Haryana, India ' Evalueserve Private Limited, Gurugram, Haryana, India
Indian premier league
stock return
event study
Tata Group
2024-03-01T23:20:50-05:00
Copyright © 2024 Inderscience Enterprises Ltd.
10
1
39
56
2024-03-01T23:20:50-05:00
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India's largest fintech IPO: a case study of Paytm
http://www.inderscience.com/link.php?id=137100
India's momentous Initial Public Offering (IPO) year has been 2021. This case talks about the star of the show, Paytm IPO. One of the largest fintech IPOs in the Asia-Pacific region failed horribly on the stock market. Even though the company successfully raised the desired amount, investor enthusiasm for Paytm's offer was relatively low compared to other tech firms. The present study discusses the reasons for the debacle of the Paytm IPO, including excessively inflated pricing, Fear of Missing Out (FOMO), etc. The case discusses in depth the emergence of fintech and Paytm. The learnings from the case study follow this. It also highlights the modifications that the Securities and Exchange Board of India (SEBI) brought to tighten the IPO process. The regulator wants new-age IT businesses to tell precisely how they valued their stocks for IPOs, compare it to pre-IPO share sales and upload all pre-IPO investor briefings to enable investors to make educated decisions.
India's largest fintech IPO: a case study of Paytm
Barkha Dhingra; Mohit Saini; Mahender Yadav; Megha Saini
International Journal of Diplomacy and Economy, Vol. 10, No. 1 (2024) pp. 57 - 77
India's momentous Initial Public Offering (IPO) year has been 2021. This case talks about the star of the show, Paytm IPO. One of the largest fintech IPOs in the Asia-Pacific region failed horribly on the stock market. Even though the company successfully raised the desired amount, investor enthusiasm for Paytm's offer was relatively low compared to other tech firms. The present study discusses the reasons for the debacle of the Paytm IPO, including excessively inflated pricing, Fear of Missing Out (FOMO), etc. The case discusses in depth the emergence of fintech and Paytm. The learnings from the case study follow this. It also highlights the modifications that the Securities and Exchange Board of India (SEBI) brought to tighten the IPO process. The regulator wants new-age IT businesses to tell precisely how they valued their stocks for IPOs, compare it to pre-IPO share sales and upload all pre-IPO investor briefings to enable investors to make educated decisions.]]>
10.1504/IJDIPE.2024.137100
International Journal of Diplomacy and Economy, Vol. 10, No. 1 (2024) pp. 57 - 77
Barkha Dhingra
Mohit Saini
Mahender Yadav
Megha Saini
Department of Commerce, Maharshi Dayanand University, Rohtak, Haryana, India ' Department of Commerce, Maharshi Dayanand University, Rohtak, Haryana, India ' Department of Commerce, Maharshi Dayanand University, Rohtak, Haryana, India ' N.B.G.S.M. (Nirankari Baba Gurbachan Singh Memorial) College (Sohna), Sohna, Gurugram, Haryana, India
fintech
Paytm
IPO
book building
case study
2024-03-01T23:20:50-05:00
Copyright © 2024 Inderscience Enterprises Ltd.
10
1
57
77
2024-03-01T23:20:50-05:00
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Impact of cryptocurrencies on inflation: evidence from BICS countries
http://www.inderscience.com/link.php?id=137099
Academic research on cryptos has exploded over the past decade; however, the impact of cryptocurrency on inflation in emerging markets is an underexplored research area. This study addresses this by investigating the impact of two major cryptocurrencies - Bitcoin and Ethereum, on inflation in four major emerging countries - Brazil, India, China and South Africa (BICS). Monthly data on cryptocurrencies and inflation (WPI and CPI) is taken from Oct 2017 to Nov 2022. The Vector Auto-Regression (VAR) findings indicate that in BICS countries, there is no significant impact of cryptocurrencies - Bitcoin and Ethereum on the inflation of BICS. The results of this study can be useful for policymakers regarding inflation management and the risks and challenges associated with cryptocurrency adoption.
Impact of cryptocurrencies on inflation: evidence from BICS countries
Vaibhav Aggarwal; Mohit Saini; Pankaj Kumar; Mahender Yadav; Adesh Doifode
International Journal of Diplomacy and Economy, Vol. 10, No. 1 (2024) pp. 78 - 91
Academic research on cryptos has exploded over the past decade; however, the impact of cryptocurrency on inflation in emerging markets is an underexplored research area. This study addresses this by investigating the impact of two major cryptocurrencies - Bitcoin and Ethereum, on inflation in four major emerging countries - Brazil, India, China and South Africa (BICS). Monthly data on cryptocurrencies and inflation (WPI and CPI) is taken from Oct 2017 to Nov 2022. The Vector Auto-Regression (VAR) findings indicate that in BICS countries, there is no significant impact of cryptocurrencies - Bitcoin and Ethereum on the inflation of BICS. The results of this study can be useful for policymakers regarding inflation management and the risks and challenges associated with cryptocurrency adoption.]]>
10.1504/IJDIPE.2024.137099
International Journal of Diplomacy and Economy, Vol. 10, No. 1 (2024) pp. 78 - 91
Vaibhav Aggarwal
Mohit Saini
Pankaj Kumar
Mahender Yadav
Adesh Doifode
O.P. Jindal Global University, Sonipat, Haryana, India ' Department of Commerce, Maharshi Dayanand University, Rohtak, Haryana, India ' Department of Management Studies, Deenbandhu Chhotu Ram University of Science and Technology, Murthal, Haryana, India ' Department of Commerce, Maharshi Dayanand University, Rohtak, Haryana, India ' Symbiosis School of Banking and Finance, Symbiosis International (Deemed University), Pune, Maharashtra, India
crypto
Bitcoin
emerging market
VAR
VECM
2024-03-01T23:20:50-05:00
Copyright © 2024 Inderscience Enterprises Ltd.
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1
78
91
2024-03-01T23:20:50-05:00
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The war in Ukraine: some international legal and political aspects
http://www.inderscience.com/link.php?id=137127
This paper addresses the ongoing war in Ukraine. It argues that Russia's use of force against Ukraine, both in 2014 with the annexation of the Crimean Peninsula, and today as we witness the aggression launched by the Russian Federation in February 2022, signifies a breach of international law, and provides no sound or justifiable reasons for its legitimacy. Even though the United Nations Security Council is paralysed and thus cannot adopt a 'hard' resolution exercising its primary responsibility for international peace and security, the vast support of the international community for Ukraine's efforts and a broad condemnation of Russian aggression are evident in the General Assembly's 'soft' resolutions. The paper concludes with a discussion of some of the political considerations triggered by Russia's aggression against Ukraine, and some thoughts on the need for a lasting, just, and indeed a sustainable peace.
The war in Ukraine: some international legal and political aspects
Ernest PetriÄ; Katarina Vatovec
International Journal of Diplomacy and Economy, Vol. 10, No. 1 (2024) pp. 92 - 109
This paper addresses the ongoing war in Ukraine. It argues that Russia's use of force against Ukraine, both in 2014 with the annexation of the Crimean Peninsula, and today as we witness the aggression launched by the Russian Federation in February 2022, signifies a breach of international law, and provides no sound or justifiable reasons for its legitimacy. Even though the United Nations Security Council is paralysed and thus cannot adopt a 'hard' resolution exercising its primary responsibility for international peace and security, the vast support of the international community for Ukraine's efforts and a broad condemnation of Russian aggression are evident in the General Assembly's 'soft' resolutions. The paper concludes with a discussion of some of the political considerations triggered by Russia's aggression against Ukraine, and some thoughts on the need for a lasting, just, and indeed a sustainable peace.]]>
10.1504/IJDIPE.2024.137127
International Journal of Diplomacy and Economy, Vol. 10, No. 1 (2024) pp. 92 - 109
Ernest PetriÄ
Katarina Vatovec
European Faculty of Law, New University, Ljubljana, Slovenia ' European Faculty of Law, New University, Ljubljana, Slovenia
use of force
aggression
international law
international politics
Ukraine
Russian Federation
2024-03-01T23:20:50-05:00
Copyright © 2024 Inderscience Enterprises Ltd.
10
1
92
109
2024-03-01T23:20:50-05:00