Inventi Impact - Microfinance & Banking
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Journal Scope:
Quarterly published in print and online ‘Inventi Rapid/Impact: Microfinance & Banking’ publishes high quality unpublished as well as high impact pre-published research and reviews catering to the needs of researchers and professionals. The journal welcomes papers in all the areas of banking and finance with particular emphasis on alternative investments, banking efficiency, banking regulation, bank solvency and capital structure, behavioural finance, corporate finance, credit rating, empirical finance, financial applications of decision theory or game theory, financial economics, financial engineering, financial forecasting, financial risk management and analysis etc.
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THE EFFECT OF CONSUMPTION ON AN INVESTOR’S STRATEGY UNDER ORNSTEIN-UHLENBECK MODEL: THE CASE OF NON-CORRELATING BROWNIAN MOTIONS
An investor’s portfolio is considered to comprise two assets-a risk-free asset governed by stochastic interest rate of return and a risky asset that has its price process driven by the geometric Brownian motion in a financial market where consumption, taxes, transaction costs and dividends are charged and paid. The goal was to find the effect of consumption on an investor’s trading strategy un...
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CASHLESS INDIA IMPLEMENTATION USING IOT
In this paper, the possible business models that can implement IoT in a cashless are examined. In India, cash is the main mode of payment. This makes the country to be heavily cash- based economy. The main objective of IoT is connecting various types of electronic devices together for a great experience in the day-to-day activities. Integration of internet and connectivity into more devices along ...
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OPTIMAL INVESTMENT PROBLEM OF AN INSURER WITH CONSUMPTION AND DIVIDENDS UNDER PROPORTIONAL REINSURANCE AND EXPONENTIAL UTILITY PREFERENCE: THE IMPLICATION OF MODE OF TAXATION AND TRANSACTION COSTS CHARGING
In this study, the implication of mode of taxation and transaction costs charging on an insurer’s investment when dividends, consumption and reinsurance are involved was investigated. The associated H-J-B equation in the optimization problem was established using Ito’s lemma. The insurer’s surplus process was approximated by a Brownian motion with drift. Solving the H-J-B equations, obtained...
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THE PORTFOLIOS OF AN INSURER AND A REINSURER UNDER EXPONENTIAL UTILITY FUNCTION, CONSTANT RATE OF RETURNS AND PROPORTIONAL REINSURANCE
This work assumed that an insurer’s and a reinsurer’s surplus processes were approximated by brownian motion with drift and the insurer could purchase proportional reinsurance from the reinsurer and tackled their optimal portfolio selection problem. It was further assumed that the risk reserves of the insurer and the reinsurer followed brownian motion with drift. Both the insurer and the reins...
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DETERMINANTS OF LOAN REPAYMENT: EXPERIENCE FROM INDIAN MICROCREDIT PROGRAMME
This paper provide an empirical analysis of the impact of monitoring within group based lending programmes on moral hazard behavior of its participants, based on the data from an extensive questionnaire held in Uttar Pradesh, India among 200 participants. Study finds new information that agent who is outsider of the group, it may be credit officer or other who nurtured and form the group, may be a...
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THE IMPACT OF LEADERSHIP AND CHANGE MANAGEMENT STRATEGY ON ORGANIZATIONAL CULTURE
In this paper, we present the impact of leadership and change management strategy on organizational culture. At first, we present the notion of culture. There are many attempts to describe “organizational culture”, many of which are presented in this paper. After an assessment of organizational culture, the role of leader is pinpointed. We favor the view that strategic leadership needs to...
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