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Competition Impacts on the Financial Distress of Firms in the Healthcare Sector in India
Venkata Mrudula BHIMAVARAPU(Venkata Mrudula BHIMAVARAPU ),Jagjeevan KANOUJIYA(Jagjeevan KANOUJIYA ),Vikas TRIPATI(Vikas TRIPATI ),Pracheta TEJASMAYEE(Pracheta TEJASMAYEE ),Rameesha KALRA(Rameesha KALR 한국유통과학회 2023 The Journal of Asian Finance, Economics and Busine Vol.10 No.2
Competition assures improved products and services to meet customers’ needs. The soundness of a firm’s financial health is crucial for the country’s economic well-being. Distressed companies cause investor panic, which has a knock-on effect on the economy and leads to a deterioration in the image and value of the companies. This paper aims to empirically investigate the influence of competition on financial distress (FD) in the healthcare industry using the Altman Zscore values as the proxy for FD. This study uses secondary data from ten healthcare companies operating in India between 2016 and 2020. The study’s findings indicate a significant negative relation with the exogenous variables of the study, implying that a higher level of competition enhances a firm’s FD or adversely affects financial health. The main implication of the study is two-pronged. Firstly, the firms’ managers and decision-makers need not worry about competition as a deterrent to stability. Secondly, the policymakers need not be concerned that high competition may lead to financial stress for the firms. Therefore, this paper concludes that competition is good for firms operating in India.
The Impact of Competition on the Profitability and Risk-Taking of Commercial Banks in India
Shailesh RASTOGI,Jagjeevan KANOUJIYA,Venkata Mrudula BHIMAVARAPU,Rahul Singh GAUTAM 한국유통과학회 2022 The Journal of Asian Finance, Economics and Busine Vol.9 No.5
The purpose of this article is to investigate the impact of competition on the performance of Indian banks. The survey includes banks from both the public and private sectors. The study will collect data for four years, from 2015 to 2019. Dynamic and static panel data are applied to estimate the association between competition and the bank’s performance. Profitability and risk-taking are the performance measures used in the study. The study’s main findings are that competition does not impact the banks’ profitability in India. However, the findings concerning risk-taking are mixed. Therefore, it can be inferred that overall competition does not impact the banks’ performance in India. Other measures of performance of the banks could have been used in the study. It is a limitation to use data of four years. Data for a much more extended period could have also been used. This is one of the few papers on the subject. Therefore, its contribution is very significant. The gap in studies on the topic of competition versus performance of the banks is veritably filled by the current study’s findings.
Financial Inclusion - An Impetus to the Digitalization of Payment Services (UPI) in India
SHARMA, Arpita,BHIMAVARAPU, Venkata Mrudula,KANOUJIYA, Jagjeevan,BARGE, Prashant,RASTOGI, Shailesh Korea Distribution Science Association 2022 The Journal of Asian Finance, Economics and Busine Vol.9 No.9
The ecosystem for digital payments in India has expanded quickly during the last decade. A synthesis of technical advancements and progressive governmental laws and regulations has fuelled this expansion. Particularly, the UPI system has assisted India in transitioning from a nation heavily reliant on cash for daily transactions to one with fewer cash transactions. The study attempted to determine how Financial Inclusion (FI) through a socio-techno-ecosystem impacts digital payment systems. FI involves ensuring financial services, products, and an adequate amount of credit without discrimination against the weaker section of society. The study has established that FI impacts the UPI. The finance infrastructure thus helps to develop an ecosystem where financial access and the awareness level help people to transit to new channels of payment. We have used secondary data of 27 banks for sixteen quarters and four years, i.e., for the financial years 2016-17 to 2019-20. It is observed from the current study that the offsite_ATM plays a significant role in the value creation of the UPI. Our study implies that it will help retailers, individuals, and business houses to use UPI platforms for swift payments without hassle. Also helpful for industries that are still not digitally disrupted and industry-specific UPI transactions.