Abstract
Dear Readers
The special issue is Recent Trends in Finance and Economics, covering diverse topics, such as sustainability, credit rating, circular economy, and related themes. An attempt is made to give the readers a bouquet of papers, enabling more comprehensive readability.
Jasrotia, Patel, and Kamila, in their study “Impact of Sustainable Tourism on Tourist’s Satisfaction: Evidence from India,” have studied the four dimensions of sustainable tourism (Economic Sustainability, Environmental Sustainability, Socio-cultural Sustainability, and Institutional Sustainability) which impact tourist satisfaction. The finding indicates that dimensions of environmental, socio-cultural, and institutional sustainability are essential for tourist satisfaction and should be included in a holistic approach to planning and monitoring sustainable tourism development.
Dawar, Bhatia, and Bindal, in their paper, “Does Credit Rating Revisions Affect the Price of Common Stock: A study of Indian Capital Market,” attempted to assess the effect of credit assessment changes on the share prices of Indian companies from 2009 to 2019. The data of the top 100 companies listed on NSE across 10 industries were collected from CMIE databases.
Sayed and Gayathri, in their study “Factors Determining the Exchange Rate Exposure of Firms—Evidence From India,” examines the exchange rate exposure of 271 constituent firms from the BSE S&P 500 index during the period from 2001 to 2020 divided into sub-periods around the financial crises of 2008.
In the study “COVID-19 Lockdown Restrictions and Small Business Survival Strategy: Government Supporting Schemes,” Assefa analyzed the impact of COVID-19 lockdown restrictions and government-supporting schemes on small business survival. The study also highlights the measure that would support the economic recovery of a state.
Malpani and Ghosh, in their paper “Corporate Social Responsibility (CSR) Practices: A Strategy for Indian Startups to Sustain,” have attempted an empirical study of promoters of startups in a developing economy, India, to test the linkages between CSR practices and startup success.
Nautiyal, Belwal, and Belwal, in the study “Assessment, Interaction and the Transmission Process of Twin Deficit Hypothesis: Fresh Evidence from India,” have focused on the phenomenon of the Twin Deficit Hypothesis. This study makes a timely and fresh revisit, especially in the backdrop of the fiscal expansions to curb the recent recessionary situation and engulf the economy. To this end, an econometric exercise was undertaken on quarterly data for the financial year from 2000 to 2019.
In the study “Direct Cash Transfers in Emerging Economies: The Case of India,” Dar, Sethi, and Baby focus on India’s direct benefit transfer (DBT) system, which has existed for the past 5-years with 316 schemes under its aegis now. This research is a unique attempt to explore and identify variables that determine and impact DBT transfers at the Indian state level. This study contributes to the current literature on social welfare systems and highlights the importance of development architecture in emerging economies.
Ahmed, Islam, Ahmed, and Amin, in the case study “Extending Resource Value-based Circular Economy Business Model in Emerging Economies: Lessons from India,” have focused the attention on the linear economic model fuelled by a misconception about our limited resources leading us to extract, produce, consume, and dispose of materials faster than regeneration chain. As a solution, the authors have highlighted the circular economy business model through the case study of the Paperman Foundation. Paperman Foundation has successfully implemented a circularity business model based on resource value extension in one of the largest cities in India.
The issue is exciting and application-oriented and is curated for readers’ satisfaction.