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Publications

The Center publishes conference proceedings, working papers by the Institute’s finance faculty and affiliated researchers, cases and monographs.

Working Papers:

The Center brings out a working paper series by affiliated scholars. A partial list of current papers is given below:

  • Mukherjee, S. and Mahakud, J, “Dynamic Adjustment towards Target Capital Structure: Evidence from Indian Firms”, 2010
  • Mukherjee, S. and Mahakud, J, “Growth Opportunity and Capital Structure Dynamics: Evidence from Indian Manufacturing Companies”, 2010
  • Mahakud, J. and Mukherjee, S, “Determinants of Financial Performance of Indian Companies: A Panel Data Analysis”, 2010
  • Vinay Asthana, Asset Prices, Rare Disasters, and the Spirit of Capitalism, 2010
  • Vinay Asthana, Asset Pricing and ‘Street Wisdom’, 2010
  • Vinay Asthana, Annuity Participation Puzzle and Direct Preference for Wealth, 2011
  • Vinay Asthana, The Equity Premium Puzzle: Time to Celebrate Silver Jubilee, 2011
  • Vishwanath S R, Chandrasekhar Krishnamurti and Tiyong Yang Thong, Does Certification Work in Emerging Markets? Evidence from the Indian IPO Market, 2009
  • Vishwanath S R, Chandrasekhar Krishnamurti and Tiyong Yang Thong, Grey Market for Indian IPOs: Investor Sentiment and After-market Performance, 2010
  • Vishwanath S R, The Information Content of Grey market Prices of Indian IPOs, 2011
  • Vishwanath S R, The Value of Analyst Recommendations before the IPO: Evidence from Indian IPOs, 2011
  • Mandal, S.K., Madheswaran, S., Technological Progress and Scale Effect and Total Factor Productivity Growth, in Indian Cement Industry: Panel Estimation of Stochastic Production Frontier, 2009
  • Mandal, S.K., Madheswaran, S., Environmental efficiency of the Indian Cement Industry: An interstate analysis, 2009
  • Mandal, S.K., Madheswaran, S., Energy use efficiency in Indian cement industry: Application of Data Envelopment Analysis and Directional Distance Function, 2009
  • Mandal, S.K., Madheswaran, S., Measuring Energy Use Efficiency in Presence of Undesirable output: An application of Data Envelopment Analysis to Indian Cement industry, 2010
  • Mandal, S.K., Madheswaran, S., Causality Between Energy Consumption and Output Growth in Indian Cement Industry: An Application of Panel Vector Error Correction Model, 2010
  • Mandal, S.K., Does win-win opportunity always result in pollution abatement? Evidence from Indian cement industry, 2011

Case Development:

Due to the emphasis on experiential learning in TAPMI, one of the key aspects of teaching here involves case writing and teaching. The Center publishes cases in all areas of finance. It also accepts cases written by faculty members of other B-schools for publication.

The Centre’s faculty has already developed 30 cases on all areas of corporate finance. Several of these cases have been in the top ten in the Social Sciences Research Network. The Institute’s faculty has published cases in International Case Research Journals like Asian Case Research Journal and in international conferences like North American Case Research Association Annual meeting. Some of the popular cases written by the Institute’s finance faculty are:

  • Tata Steel (A): The Bid for Corus
  • Tata Steel (B): Financing the Corus Acquisition
  • EVA Financial Management at Godrej Consumer Products
  • Hindalco: The Novelis Acquisition
  • Hindustan Unilever Ltd
  • Satyam Computer Services Ltd
  • Reliance Capital
  • Value Based Management at Marico
  • Restructuring Steel Authority of India
  • Tata Motors Dual Capitalization
  • Shree Cement

Books:

The Center also promotes the publication of books in finance. At present, the Institute’s faculty is working on the following books:

  • Mergers, Acquisitions and Corporate Restructuring, 2nd edition, Sage Publications.
  • Financial Management in Emerging Markets: A Case Book.
  • Financial Instruments, Markets and Institutions: Text and Cases

Policy briefs:

Policy briefs are short articles that summarize research on popular research themes which are of interest to executives. Examples include Principles of Good Governance, ethics, codes, etc.