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Purpose: The purpose of this study is twofold: first, to examine the relationship between foreign ownership and stock return volatility and second, to explore how COVID-19 impacts such a relationship. Design/methodology/approach: This empirical research is based on the non-financial firms of the BSE-100 index over the 2013–2022 period. The ordinary least squares, fixed effects and system GMM (Generalized method of moment) techniques are used to analyze the effect of oversea investors on stock return volatility. Findings: Results indicate an inverse association between foreign ownership and stock return volatility. The outcomes of the pre-and during-COVID-19 period show a negative but insignificant relationship between foreign ownership and stock return volatility. These results reflect foreign investors sold their stocks pessimistically, which badly affected the Indian stock market. Originality/value: This study enriches the previous literature by exploring the impact of foreign investors on the stock return volatility of Indian firms. To date, no study has captured the impact of foreign ownership on stock return volatility during the COVID-19 pandemic. Peer review: The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-03-2023-0179 [ABSTRACT FROM AUTHOR]

Purpose: Fintech plays a prominent role in augmenting the financial inclusion of the population and increasing the money supply, which calls for the intervention of monetary policy. This article is an attempt to examine the relationship between the financial inclusion, fintech and monetary policy effectiveness of the Indian economy, within the framework of wealth creation and transmission mechanism through the cost of capital. Design/methodology/approach: On the quarterly data retrieved from multiple sources, autoregressive distributed lagged regression is used to examine the relationship between different variables as explained in four set models; after which the Toda–Yamamoto causality test is employed to capture the direction of the relationship. Findings: The study finds a positive relationship between financial inclusion, fintech and inflation taken as a proxy for Monetary Policy Effectiveness (MPE) in the short as well as in the long run. However, the relationship between fintech and inflation is negative once the cost of capital is included in the models. The causality test exhibits the uni-directional causality from fintech to MPE and MPE to financial inclusion. Bi-directional causality exists between wealth and MPE. Similarly, bank rate and interbank rate are bound by bi-directional causality. Research limitations/implications: Being financially included facilitates ease and boosts public access to more financial services and credit, leading to increased demand and hence inflation. Hence government and regulators need to take mindful measures to enhance the fintech development and financial inclusion to make the monetary policy effective. Originality/value: As per the author's best knowledge, this is the first study to examine the relationship between fintech, financial inclusion and monetary policy effectiveness in the context of the Indian economy. [ABSTRACT FROM AUTHOR]

Corporate governance encompasses a broad spectrum of mechanisms intended to reduce agency problems by directing and controlling management activities. Major corporate scandals and failures at the international level, like Enron, WorldCom, Tyco, HealthSouth, and others, have increased the need for strengthening the governance system in companies. This paper aims to review the research on the impact of corporate governance on firm risk. Through literature review, the paper finds that most studies considered internal corporate governance variables like board independence, number of members on board, role of women directors on board, CEO duality, and institutional ownership. The paper guides policymakers, regulators, investors, and managers by providing evidence on corporate governance mechanisms and their role in reducing firm risk. [ABSTRACT FROM AUTHOR]

With the growth of the Internet, the scope for online shopping has also grown tremendously. But growth of online shopping has made the transferring of money online an important issue for the potential customers. This study is conducted with the objective to find out the problems and challenges of restricting online consumers to adopt cashless payment mode. Data from 600 respondents were collected by using a structured questionnaire. By applying t-Test and ANOVA, it was found that demographic variables, except gender, have no significant effect on adoption of cashless payment mode by online consumers. By applying factor analysis, five factors, namely, complex system, perceived risk and lack of trust, habit of cash payments, self-inefficacy and security issues, were extracted and by applying Multiple Regression Analysis, it was found that all these factors significantly affect the adoption of cashless payment mode by the online consumers and restrict consumers to pay online for their online purchases. [ABSTRACT FROM AUTHOR]

The present paper examines the causal relationship between trading volume and stock market returns using daily data of the S&P CNX NIFTY and Sensitivity index (SENSEX) for the period from April 1, 2002 to March 31, 2012. Using descriptive statistics, correlation analysis, unit root tests and Granger causality test, the study shows that in SENSEX, the causality runs both ways, while in the case of S&P CNX NIFTY, causality runs one way. On the basis of the above findings, the participants in the stock markets, i.e., brokers, investors, regulators, policy makers, portfolio managers and academicians, can frame strategies to deal with market volatility. [ABSTRACT FROM AUTHOR]