PC Padhan

Email: pcpadhan@xlri.ac.in

PC PadhanPC Padhan is an Associate Professor (Economics), at XLRI, Xavier School of Management Jamshedpur, India. He has been teaching to Economics and Business Management students at Post-graduate level. He has published several research paper, participated in various conferences and workshop both at national and international level. He has been constantly working as a reviewer in various international journals. His main research areas are dynamic inter-linkages between financial markets, monetary policy transmission mechanism –the stock market channel, liquidity adjustment facility. He has more than 15 years of research as well as professional experience in the broad area of macro-monetary economics, financial markets, applied econometrics & time series analysis. He has conducted several corporate taring program, completed few private and government projects.

Papers Published in World Economics:

Measuring the Performance of the Bombay Stock Exchange: The Impact of Demutualisation

The literature on the impact of the demutualization of stock exchanges on performance is growing since the percentage of demutualized exchanges has risen from 10% in the mid-1990s to 63% in 2002. The Bombay Stock Exchange, established in 1875, demutualised in 2005 to follow the “for profit company” model of the National Stock Exchange incorporated in 1992. The performance of the Bombay Stock Exchange is analysed using data from 1998 until 2016 to cover pre and post demutualization, but a significant relation between demutualisation and performance could not be found. Comparing the Bombay Stock Exchange with performance data from the National Stock Exchange showed the latter having a significantly higher performance implying that the value enhancing effects of demutualisation is yet to be fully achieved.

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