Ushus Journal of Business Management

Editorial Note

2025-02-03T04:06:35+00:00

Factors affecting the adoption of CBDCs for financial transactions

2024-11-30T06:06:12+00:00

One important development in payments and finance is the emergence of central bank digital currencies, or CBDCs. India is at a turning point in its contemplation of implementing CBDCs because of its quickly expanding digital economy. Through primary research and data analysis, this study investigates the factors impacting the use of CBDCs for financial transactions in India. A mixed-approaches research methodology is used in this work, integrating quantitative and qualitative data collection methods. Aspects of CBDC adoption such as awareness, attitudes, perceived benefits, and concerns are all included in the survey questionnaire. The findings focus on privacy issues and lack of awareness in CBDC adoption tactics.

Financial Performance Analysis of Small Plastic Manufacturing Businesses in Indonesia - A Case Study Approach

2024-11-30T07:15:57+00:00

This case study examines the financial performance of small and medium-sized plastic manufacturing enterprises in Indonesia. The research has a sample size of five companies. The investigation spans seven years, encompassing annual financial statements from January 2016 to December 2022. This case study focuses on analysing the financial performance of Small Plastic Manufacturing Businesses in Indonesia using various financial statement analysis methodologies such as vertical and horizontal ratio analysis, DuPont analysis, Peer Analysis, and hypothesis testing. The case study's findings indicate that business liquidity of few companies is improving generally, but profitability growth is stagnating.

Relationship between the Altman Z Score and Stock Prices of Indian Manufacturing Firms

2024-11-30T18:08:29+00:00

Purpose
This study investigates the relationship between the Altman Z-Score and stock prices of Indian manufacturing firms to evaluate its efficacy as a predictor of financial distress and aid in investment decision-making.

Methodology
The research employed an explanatory design, analyzing financial data of 18 randomly selected listed manufacturing firms in India over five years. Altman Z-Scores were calculated using financial ratios, and their trends were compared with stock price movements. Hypothesis testing was conducted to establish correlations between Z-Scores and stock prices.

Findings

The analysis revealed that the Altman Z-Score effectively predicts corporate financial health. Firms with declining Z-Scores showed signs of financial instability, often entering the distress zone, while firms with stable or improving Z-Scores demonstrated financial resilience. A significant correlation was observed between Z-Scores and stock price trends, underscoring its predictive reliability.

Practical Implications

The Altman Z-Score provides investors and corporate decision-makers with a robust tool for assessing financial health, identifying warning signs of potential distress, and formulating strategic responses. It also supports more informed investment choices based on a company’s financial stability.

Future Research Direction
Further studies can expand the application of the Altman Z-Score to other industries, integrate non-financial variables such as management practices, and compare its predictive accuracy with alternative financial models across diverse economic contexts

The Impact of Israel-Hamas War on The Various Sectors of Indian Stock Market

2025-01-13T15:17:59+00:00

This study investigates the impact of the Israel-Hamas conflict of October 2023 on the Indian stock indices and sector-based companies with a particular focus on the steel, oil and gas, defence, and pharmaceutical sectors. Employing an event study methodology, the research analyses the effects of the conflict on the respective Nifty indices and individual stocks within these critical sectors. The findings unveil a tapestry of sector-specific impacts, ranging from heightened volatility in the Nifty Oil and Gas Index due to surging crude prices to an uptick in the Nifty Defence Index, reflecting heightened security concerns. Abnormal return analyses capture the undulating market sentiments, while cumulative abnormal returns underscore the differential impact across sectors over time. The study offers invaluable insights for investors, policymakers, and stakeholders, highlighting the imperative for a nuanced, dynamic approach to investment decision-making amidst geopolitical disruptions