Forthcoming articles

 


Asian Journal of Management Science and Applications

 

These articles have been peer-reviewed and accepted for publication in AJMSA, but are pending final changes, are not yet published and may not appear here in their final order of publication until they are assigned to issues. Therefore, the content conforms to our standards but the presentation (e.g. typesetting and proof-reading) is not necessarily up to the Inderscience standard. Additionally, titles, authors, abstracts and keywords may change before publication. Articles will not be published until the final proofs are validated by their authors.

 

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Asian J. of Management Science and Applications (2 papers in press)

 

Regular Issues

 

  • Information Embedded in Options Open Interest and their Utility in Directional Trading   Order a copy of this article
    by Avinash ., T. Mallikarjunappa 
    Abstract: This paper investigates whether information embedded in open interest is informative in directional trading using daily data on Nifty50 options and 10 popular company stock options listed at NSE for the financial year between 2011 and 2016. We then predicted stock price at the options expiration based on OI distribution. We assume option market is informationally efficient based on empirical evidence and then compare the performance of three directional trading strategies with its non-directional variant. The results show that the OI based active strategies perform better than passive strategies and hence, they can be used to predict the direction of price movement and to strategise direction based trading using stock and options.
    Keywords: Active Strategy; Directional Trading; Non-price; Open Interest; Options; Passive Strategy; Prediction; Price Movement.

  • IDENTIFYING THE KEY INDICATORS OF FINANCIAL STABILITY AND FINANCIAL DEVELOPMENT: A REVIEW OF FINANCIAL SERVICE SECTOR   Order a copy of this article
    by Rahul Dhiman 
    Abstract: Abstract: The present study makes an attempt to study the major indicators used in the previous studies for examining the financial development and financial stability in order to select the market. This study is conducted as a systematic review based on an assessment of papers on international published in academic journals between 1991 and 2015. The findings of the study reveal that there is the existence of mixed proxies/indicators of financial development and financial stability in the literature of financial services sector. The variable that has received much attention in the empirical literature on financial development is a private credit to GDP ratio. Similarly, foreign currency loans as a percentage of total loans and loan to deposit ratio are indicators to examine financial stability. The common methodological trends found in the literature are Granger causality tests and disclose the existence of unidirectional, bidirectional or no causality. In order to examine the long-run relationship, Johansen co-integration tests are used in the literature. The study recommends that in the countries where the financial system is weak, and where immediate, full-fledged financial sector liberalisation is not advisable, can open up certain types of financial services trade, and hence may not finalise that nation as a select market.
    Keywords: Strategic framework; Financial Services; Financial development; financial stability.