An economy's prosperity is generally measured by specific indicators like international prices, costs of external financing, capital flows and trade flows. Rise in interest rates, tightening monetary conditions, nevertheless, natural calamities and disasters like the 9/11 and the resultant global imbalances in recent times have led economists worldwide to think of an impending recession. The year 2006 saw the US stating a Current Account Deficit of more than ...
It is often said in the world of finance and management that the role of the CEO of an enterprise encompasses something more than just delivering profits. It stretches to the intention of creating and maximizing shareholder value. In this context, value-based management has come a long way in helping enterprises and managers create, measure and enhance shareholder value. It has prescribed many an antidote to overcome major hindrances in processes, operations and ...
In a globalized economy, the need of the hour for investors is total transparency in disclosure practices. It is expected that corporate financial reporting, a disclosure process through which a business enterprise communicates with third parties, should serve that purpose. It is gaining importance because only through corporate financial reporting would the investors gain genuine knowledge about a company’s performance. In the era of transparency and strict ...
The financial services marketer of today must have the intent to understand the customers’ needs, their financial priorities and the resultant increase in the financial institution’s profit. For this purpose, strategies like cross-selling, third party selling and many other techniques have been developed by financial institutions. Marketing financial services has become a retail trend in India and has been attracting many investors into its domain, due to ...