Distress In India Research Articles

On the prediction of financial distress in developed and emerging markets: Does the choice of accounting and market information matter? A comparison of UK and Indian Firms

We assess the contribution of accounting and market-driven information to the prediction of bankruptcy for UK and Indian firms to investigate whether the variables that predict financial distress well for US firms predict financial distress in another developed market and in an emerging market. For the UK we find a hazard model that combines book leverage and three equity market-based variables describes best the probability of corporate financial distress in UK and outperforms several competing models that include Z-score or its accounting ratio components, the expected default frequency (EDF), a model that combines Z-score and EDF and a model that uses three equity market predictors. However, we find that this model does not perform well in India as market information fails to predict bankruptcy. A model with two accounting ratios best estimates the probability of corporate financial distress in India. In-sample and out-of-sample forecasts confirm our core findings for both UK and Indian firms.

Identity Distress During the Era of Globalization: A Cross-National Comparative Study of India, China, and the United States

In recent decades, globalization has become a growing concern for developing countries. Eastern countries in particular, who have traditionally adhered to group-focused interests and the development of an interpersonal sense of identity, have endured sweeping changes as Western values, opinions, and attitudes begin to pervade its younger generations. With the ease of connection that technological advances such as the Internet provides, late adolescents and emerging adults must negotiate between adopting an identity that is based on the traditional viewpoints of their local culture and adopting an identity that is consistent with the values of a global culture. In this study, the identity distress reported by 422 late-adolescent college students in India, China, and the United States was compared as it relates to the endorsement of individualistic and collectivistic value systems. Identity distress was found to significantly vary by country, with participants from China and India scoring significantly higher than those in the United States. Collectivism was associated with less identity distress in India and more distress in China. Reasons for this disparity are explored and questions for future research are discussed.

Taking Stock: Agrarian distress in India - poor Indian farmers, suicides and government

IndIa has a populatIon of over 1 billion people. Two-thirds live in rural areas and more than half subsist mainly from farming. About 150,000 Indian farmers are said to have taken their own lives in the 10 years between 1996 and 2006, and according to the daily The Hindu (12 December 2008) a total of 16,632 farmers committed suicide in 2007. These suicides have attracted much attention, even outside India. Sadly, suicide is a common phenomenon. Data from the World Health Organisation shows that it is more common in some countries than in others. Reported suicide rates per 100,000 people vary from over 80 per year to less than 1. Recent figures for Mexico and Brazil were about 4, while Japan and Russia were about 24, the United Kingdom was about 9,

The Gendered Impact of Rural Distress in India

The Gendered Impact of Rural Distress in India

Have diesel price hikes actually led to farmer distress in India?

The current study shows that the recent diesel price hike had an insignificant impact on irrigation costs incurred by diesel well owners in eastern India. Further, analysis of the farming enterprises of diesel well owners and water buyers from both diesel and electric wells confronted with a differential cost of irrigation water showed that farmers would be able to cope with a very high rise in irrigation costs through irrigation efficiency improvements and allocating more area to crops that give higher returns per unit of land and water. By doing this, they are able to maintain the farm returns.

Freedom in the Imperial Imagination: Mental Asylums, Ideology, and Political Economy in Colonial India

Mental hospitals in India, mostly established by the colonial state, remain the backbone of the state's response to mental distress. However, the quantum and quality of care in these hospitals are in urgent need of improvement. In attempting to answer why this is so, this paper responds to the thesis that the popularity of the colonial asylums was in large part due to the social control functions which they performed. It is argued that asylums exist because they are embedded in a discourse of care, improvement, and freedom of the mentally distressed which originated in imperial Britain and Europe. In a nuanced and complex manner the combination of 'care and cure' and 'control and emancipation' was introduced in India through lunatic asylums. This ideology of freedom, however, gained widespread legitimacy because it was nestled within a larger discourse on freedom which was articulated keenly by the emerging political economy. Listening thus to the ideology of freedom in mental asylums and in political economy helps us in understanding the continued reliance on mental hospitals as the frontline in the battle against mental distress in India.

British Reforms, Commercial Agriculture, and Agrarian Distress in India

The best laid plans for social and economic transformation often fail, fare badly, suffer poor implementation, take a century or more to succeed, or deceptively mask other motivations. Those deviat...

Household Structure, Satisfaction And Distress In India And The United States: A Comparative Cultural Examination

In this research, we examine the different relationships between household structure, household satisfaction and distress in samples from the United States and India. Results show that while marriage is consistently the strongest predictor of well-being in the United States, marriage is less important for Indian well-being in comparison to socio-economic variables such as education and income. Children have the effect of decreasing home satisfaction for United States women, while increasing home satisfaction for Indian women. Finally, while work is a significant positive predictor for home satisfaction in India for men, it does not predict Indian men’s distress. Alternatively, while work does not affect Indian women’s household satisfaction, it does significantly decrease their levels of distress. These results are interpreted in light of the cultural and social differences between countries in the cultural construction of the meaning of love and intimacy, along with the differing nature of gender roles within the family

Sir Prafulla Chandra Ray

WE have received from India some press accounts of the celebration organised by the Lahore branch of the Indian Chemical Society of the seventieth birthday of Sir P. C. Rây, who is well known as a chemist. The great services rendered to India both in a scientific and national capacity by Sir P. C. Rây were emphasised by the speakers. His students have been active in furthering the cause of chemical science and education in India along the lines laid down by their teacher, and the foundation and growth of the Indian Chemical Society may be regarded as indications of the development of the methods which guided his activities in the promotion of chemical science in India. Sir P. C. Rây's experimental work is well known in Europe, and his “History of Hindu Chemistry” is the only work of its kind in a European language. The reports also lay stress on his excellent work in the relief of distress in India, and in encouraging and helping poor students in Bengal especially. A portrait of Sir P. C. Rây was unveiled in the Library of the University Chemical Laboratory at Lahore, and a fund is to be started for the assistance of students. In a communication from Calcutta, it is stated that a memorial volume of about 500 pages in English and native languages and dealing with several subjects is to be published.