IDEAS home Printed from https://ideas.repec.org/h/spr/isbchp/978-981-13-8141-6_3.html
   My bibliography  Save this book chapter

Normative Framework for Risk Index and Its Empirical Analysis

In: Understanding Corporate Risk

Author

Listed:
  • M. V. Shivaani

    (Indian Institute of Management (IIM), VNIT Campus)

  • P. K. Jain

    (Indian Institute of Technology Delhi)

  • Surendra S. Yadav

    (Indian Institute of Technology Delhi)

Abstract

This chapter aims to provide a normative framework (primarily based on accounting information) for measurement of corporate risk. The index is based on nine risks and has been developed using expert opinion. In the process two new ratios, namely, modified defensive interval ratio and contingency coverage ratio have been developed. The index has been then empirically computed for sample 429 non-financial companies for each of the 10 years from 2005 to 2015. In addition an aggregative analysis, focussing on phase-wise, age-wise, and industry-wise analysisIndustry-wise analysis has been carried out. Further, a dis-aggregative (risk-wise) detailed analysis has been carried out to develop deeper understanding of risks surrounding the Indian corporates.

Suggested Citation

  • M. V. Shivaani & P. K. Jain & Surendra S. Yadav, 2019. "Normative Framework for Risk Index and Its Empirical Analysis," India Studies in Business and Economics, in: Understanding Corporate Risk, chapter 0, pages 21-63, Springer.
    • Handle: RePEc:spr:isbchp:978-981-13-8141-6_3
    DOI: 10.1007/978-981-13-8141-6_3
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:isbchp:978-981-13-8141-6_3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.