Publication Type:

Conference Paper

Source:

International Conference on Communication and Signal Processing, ICCSP 2016, Institute of Electrical and Electronics Engineers Inc. (2016)

ISBN:

9781509003969

URL:

https://www.scopus.com/inward/record.uri?eid=2-s2.0-85006716884&doi=10.1109%2fICCSP.2016.7754478&partnerID=40&md5=e16aba7b858dbe085588f34462a99133

Keywords:

Efficiency, Finance, Financial crisis, Metal industries, Metallurgy, Metals, performance, Pooled OLS, Random effects model, random processes, Regression analysis, Signal processing

Abstract:

The collapse of the housing sector in 2007-2008 offset the global financial crisis which lead to the decoupling of most economies around the world leading to a spillover which affected most countries. India was also impacted by this crisis and especially the trade channel had a greater effect. This study focuses on understanding the impact of the financial crisis on the basic metal industry. A sample of 4384 basic metal firms were analyzed using both pooled OLS and Random effects model. The study found that significant impact of the financial crisis, depreciation intensity and firm size on performance and efficiency of firms across both the regression models. The implications of the study have been discussed further.

Cite this Research Publication

P. J. Prakash and Dr. Sangeetha G, “Random Effect Approach: Global Financial Crisis Impact on Indian Basic Metal Industry”, in International Conference on Communication and Signal Processing, ICCSP 2016, 2016.