• Title/Summary/Keyword: Korea, India

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Reassessment of Volatility Transmission Among South Asian Equity Markets

  • AZIZ, Tariq;MARWAT, Jahanzeb;MUSTAFA, Sheraz;KUMAR, Vikesh;AL-HADDAD, Lara
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.1
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    • pp.587-597
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    • 2021
  • This study investigates the nexus among the South Asian economies. Effects of shocks in the equity market of one country on the equity market of the other country are examined. For empirical analysis, the time series monthly data is used for the period from February 2013 to August 2019. The study focuses on the four larger economies of the region, namely, India, Bangladesh, Pakistan, and Sri Lanka. To investigate for asymmetric effects of positive and negative shocks, EGARCH model is used. The findings show the mix nature of the spillovers between the various pairs of countries. The equity market of Pakistan has two-way spillover effects with the equity market of Bangladesh, but has no association with the equity markets of India and Sri Lanka. The volatility in the equity market of India significantly influences the volatility of the financial markets of Bangladesh and Sri Lanka. Similarly, the capital market of Sri Lanka has a negative association with the equity market of India as well as Bangladesh, but does not affect the equity market of any other country. These findings validate the argument in the literature that geographic location influences the nexus among equity markets. The findings are important for policy-makers and investors.

Variation of Crude Protein and Amino Acids Concentrations in Corn, Wheat, and Barley from Different Countries

  • An, Su Hyun;Kong, Changsu
    • Korean Journal of Poultry Science
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    • v.49 no.2
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    • pp.79-87
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    • 2022
  • The objective of this study was to investigate the variability in crude protein (CP) and amino acids (AA) content in cereal grains imported from different origins in Korea from 2006 to 2015. The values of CP and AA contents in corn, wheat, and barley were obtained from 430 and 325 samples from six countries, 83 and 56 samples from seven countries, and 60 and 58 samples from three countries, respectively. The CP concentrations in corn, wheat, and barley ranged from 7.12 (Brazil) to 7.68% (India), 10.55 (Ukraine) to 13.26% (Brazil), and 9.46 (India) to 10.49% (Ukraine), respectively. The Lys concentrations in the corn, wheat, and barley ranged from 0.18 (Argentina) to 0.24% (China), 0.26 (India) to 0.34% (China), and 0.23 (India) to 0.31% (Australia), respectively. The concentrations of CP and AA varied among different countries of origin (P<0.05), except for Met in wheat and CP in barley. The coefficients of variation for CP were 3.26, 9.06, and 5.36 from corn, wheat, and barley, respectively. The correlation coefficients (r) between CP and Lys concentrations in corn, wheat, and barley were positively correlated and were 0.322, 0.277, and 0.542, respectively. In conclusion, CP and AA concentrations varied not only from different countries of origins but also within the same country due to the geographic region in which they are produced.

Competition Impacts on the Financial Distress of Firms in the Healthcare Sector in India

  • Venkata Mrudula, BHIMAVARAPU;Jagjeevan, KANOUJIYA;Vikas, TRIPATI;Pracheta, TEJASMAYEE;Rameesha, KALRA;Sanjeev, KADAM;Poornima, TAPAS;Shailesh, RASTOGI
    • The Journal of Asian Finance, Economics and Business
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    • v.10 no.2
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    • pp.175-181
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    • 2023
  • 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.

Financial Inclusion - An Impetus to the Digitalization of Payment Services (UPI) in India

  • SHARMA, Arpita;BHIMAVARAPU, Venkata Mrudula;KANOUJIYA, Jagjeevan;BARGE, Prashant;RASTOGI, Shailesh
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.9
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    • pp.191-203
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    • 2022
  • 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.

Modeling the Spatial Distribution of Black-Necked Cranes in Ladakh Using Maximum Entropy

  • Meenakshi Chauhan;Randeep Singh;Puneet Pandey
    • Proceedings of the National Institute of Ecology of the Republic of Korea
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    • v.4 no.2
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    • pp.79-85
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    • 2023
  • The Tibetan Plateau is home to the only alpine crane species, the black-necked crane (Grus nigricollis). Conservation efforts are severely hampered by a lack of knowledge on the spatial distribution and breeding habitats of this species. The ecological niche modeling framework used to predict the spatial distribution of this species, based on the maximum entropy and occurrence record data, allowed us to generate a species-specific spatial distribution map in Ladakh, Trans-Himalaya, India. The model was created by assimilating species occurrence data from 486 geographical sites with 24 topographic and bioclimatic variables. Fourteen variables helped forecast the distribution of black-necked cranes by 96.2%. The area under the curve score for the model training data was high (0.98), indicating the accuracy and predictive performance of the model. Of the total study area, the areas with high and moderate habitat suitability for black-necked cranes were anticipated to be 8,156 km2 and 6,759 km2, respectively. The area with high habitat suitability within the protected areas was 5,335 km2. The spatial distribution predicted using our model showed that the majority of speculated conservation areas bordered the existing protected areas of the Changthang Wildlife Sanctuary. Hence, we believe, that by increasing the current study area, we can account for these gaps in conservation areas, more effectively.

Validation and Modeling of Drivers and Barriers of Multivendor ATM Technology in India from Suppliers' Perspectives

  • Jyotiranjan Hota;Saboohi Nasim
    • Asia pacific journal of information systems
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    • v.30 no.2
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    • pp.374-396
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    • 2020
  • The purpose of the paper is to apply Total Interpretive Structural Modeling (TISM) used to develop a hierarchy among the key drivers and barriers to multivendor ATM Technology adoption in India from the perspectives of suppliers. TISM approach is an extension of Warfield's (IEEE Transactions: System, Man & Cybernetics 4:405-17, 1974) Interpretive Structural Modeling(ISM) approach. Based on the literature, drivers and barriers for adoption of Multivendor ATM Technology are identified. TISM is used to develop a hierarchical model which states the interpretation of relationship among these drivers and barriers. Hierarchies of all relevant drivers and barriers are developed and significant interrelationship was found out. Implications for the researchers and Industry Practitioner are highlighted. For Researchers, TISM methodology facilitates to further carry out exploratory studies by identifying the factors in technology adoption domain and focus their interactions through hierarchical structures. For Practitioners with suppliers, a list of relevant barriers and drivers to adoption of this technology in India are indications to take a decision to adopt Multivendor ATM Technology in their respective suppliers. The proposed Model developed through qualitative Modeling technique has been accomplished from the perspectives of suppliers in India in the domain of multivendor ATM Technology for the first time in ATM Banking as a contribution to the Literature.

A Study on Intention to Adopt Digital Payment Systems in India: Impact of COVID-19 Pandemic

  • Kavita Jain;Rupal Chowdhary
    • Asia pacific journal of information systems
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    • v.31 no.1
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    • pp.76-101
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    • 2021
  • Digitalization and digital transformations have metamorphized the face of Financial Inclusion globally, more so, in cash obsessed economies like India. The purpose of our study is to empirically analyze the users' intention to adopt digital payment systems, post Demonetisation, during the COVID-19 pandemic in India. The conceptual framework for the study is based on the Unified Theory of Acceptance and Use of Technology (UTAUT) adoption model with added operationalized constructs of Perceived Risk and Stickiness to use Cash. A total of 326 respondents were surveyed using a pre-tested questionnaire during the Nationwide Lockdown 3.0 in India. These responses were analyzed using Partial Least Squares - Structural Equation Modelling (PLS-SEM) technique. The findings of the study revealed that performance expectancy and facilitating conditions directly influence the intention of individuals to use digital payment systems, whereas the effect of perceived ease of use on digital payment systems is mediated through the attitude towards the digital payment systems during COVID-19 pandemic situation. Implications of the proposed adoption model are discussed. This will enable the other developing economies to formulate a digital ecosystem, that is here to stay even after the pandemic.

Genetic Polymorphisms in VIR Genes among Indian Plasmodium vivax Populations

  • Gupta, Purva;Pande, Veena;Das, Aparup;Singh, Vineeta
    • Parasites, Hosts and Diseases
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    • v.52 no.5
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    • pp.557-564
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    • 2014
  • The vir genes are antigenic genes and are considered to be possible vaccine targets. Since India is highly endemic to Plasmodium vivax, we sequenced 5 different vir genes and investigated DNA sequence variations in 93 single-clonal P. vivax isolates. High variability was observed in all the 5 vir genes; the vir 1/9 gene was highly diverged across Indian populations. The patterns of genetic diversity do not follow geographical locations, as geographically distant populations were found to be genetically similar. The results in general present complex genetic diversity patterns in India, requiring further in-depth population genetic and functional studies.

Understanding negotiating dynamics across cultures by Indian businessmen (성공적인 국제거래를 위한 인도상인과의 협상전략에 관한 연구)

  • Park, Yang-Sup
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.43
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    • pp.457-480
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    • 2009
  • The objective of this study is to understand negotiating dynamics across cultures by Indian businessmen and suggest proper negotiating strategies to Korean businessmen when they make a deal with Indian firms. The study proposes, as a result, twelve countermeasures as effective negotiating strategies against negotiating cultures of Indian businessmen. Better understanding on business cultures of the country with which Korea makes international transactions leads more fruitful outcome in concluding the international agreement. So cross-cultural studies are very much required for successful negotiations. Recently many Korean firms want to try to penetrate into Indian market and do successful operation because India becomes a compulsory subject for most of Korean firms. To increase possibilities of success in India, such Korean firms may consider applying the suggested negotiating strategies to the Indian business fields.

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Allelopathic Effects of Extracts from Ficus Bengalensis L. (Ficus bengalensis L.의 알레로파시 효과)

  • Jayakumar, M.;Manikandan, M.;Eyini, M.
    • The Korean Journal of Ecology
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    • v.21 no.2
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    • pp.133-137
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    • 1998
  • Well grown trees of ficus bengalensis produce one or more potential inhibitors of seed germination and seedling growth. The aqueous extract of ficus leaf and bark enhanced the shoot length aqueous leaf extract of F. bengalensis. Bark extract of F. bengalensis inhibited the shoot length and root length of the plant at high concentration. Both the bark and leaf extract inhibited the seed germination. The postemergence and preemergence treatment of bark and leaf extract of F. bengalensis reduced the shoot biomass. The result suggest that F. bengalensis may have potential allelochemicals which may be developed as natural herbicides.

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