Rajesha Thekkekutt Mathukutti
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Are global Exchange Traded Fund pretentious on exchange rate fluctuation? A study using GARCH model
Geetha E. , Iqbal Thonse Hawaldar , G. Vidya Bai , Suhan Mendon , Rajesha Thekkekutt Mathukutti doi: http://dx.doi.org/10.21511/imfi.17(4).2020.30Investment Management and Financial Innovations Volume 17, 2020 Issue #4 pp. 356-366
Views: 697 Downloads: 176 TO CITE АНОТАЦІЯInvestors invest in a foreign market to reap the benefits of currency differences. The change in the value of underlying assets affects these hedged funds and, at the same time, restricts investors from higher return possible in unhedged funds. This study aims to examine the performance of most actively traded shares in Exchange Traded Fund and any influence, along with tracking the information from the index. This study also analyzes the currency fluctuation and its impact on returns and volatility of ETF and index. The equity ETF, which tracks NASDAQ (NDX 100), is chosen for the study, and the data analysis is carried out using statistical methods such as correlation, regression, and GARCH model. The study utilizes the currency rate data from 2013 to 2018 of USD, GBP, and INR and examines its effect on the NDX (NASDAQ). The study emphasizes whether the ETF as a basket of securities is insensitive to currency rate fluctuations. It is found that the response of ETF to the currency movements is likely due to its underlying index. The study concludes that Motilal Oswal shares in NASDAQ 100 ETF are highly sensitive to the NDX 100 movements; thus, there is no direct impact between ETF and index performance through exchange rate fluctuation.
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Manifestation of idiosyncratic rater effect in employee performance appraisal
Athmeeya Hunuganahalli Paramesh , Vishal Samartha , Rajesha Thekkekutt Mathukutti , Iqbal Thonse Hawaldar doi: http://dx.doi.org/10.21511/ppm.18(3).2020.19Problems and Perspectives in Management Volume 18, 2020 Issue #3 pp. 224-232
Views: 1235 Downloads: 260 TO CITE АНОТАЦІЯPerformance appraisal is the bedrock of talent management and has received much attention from scholars and researchers alike in their pursuit to develop accurate, objective, and robust Performance Management Systems (PMS). Through survey questionnaire the present study examines the prevalence of idiosyncratic rater biases on the performance appraisal systems and evaluates the measure of its impact. The correlations between the personality traits and the similarities of the raters’ workplace characteristics with the raters’ performance ratings are also determined. The study has provided empirical evidence of the manifestation of idiosyncratic rater bias in the company under study. The idiosyncratic rater tendencies showed a significant impact on performance ratings. It was seen that about one-third of the variations in the ratings were resultant of the idiosyncratic factors, such as similarities in the personality traits and workplace identities. It is also found that there exists a positive correlation between the similarities in the identities, as well as the personality traits of the raters and the ratees, and the way the rating awarded by the rater.
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