Dependence between Sugar Industry Specific Factors and Sugar Companies Share Prices: Evidence from India
- Title
- Dependence between Sugar Industry Specific Factors and Sugar Companies Share Prices: Evidence from India
- Creator
- Faniband M.; Patil P.; Naykawade T.; Chellaswamy K.P.
- Description
- We assess the effects of sugar industry-specific macroeconomic factors on share prices of sugar companies in India using quantile regression approach from January 2001 to December 2017. We detect grounds to affirm the dependence between sugar industry specific macroeconomic factors and sugar companies share prices. The results indicate that the change in sugarcane cultivation area has both positive and negative effect on the share prices of sugar companies. Further, it shows that the impact of sugar production on share prices of sugar companies varies across the different quantiles except an insignificant effect on two companies for all quantiles. Moreover, most of the companies share prices are highly and positively influenced by sugar import. The study pointed out that the risk of sugar industry specific macroeconomic factors noticed in the sugar companies share prices is heterogenous. Indian Institute of Finance Vol. XXXVI No. 4, December 2022.
- Source
- Finance India, Vol-36, No. 4, pp. 1381-1394.
- Date
- 2022-01-01
- Publisher
- Indian Institute of Finance
- Subject
- India; Macroeconomic Factors; Ordinary Least Squares; Quantile Regression; Share Prices; Sugar Companies; Sugar Industry
- Coverage
- Faniband M., CHRIST (Deemed to be University), The School of Comerce, Finance and Accountancy, Karnataka, Bengaluru, 560029, India; Patil P., Ministry of Commerce and Industry (APEDA) Government of India, India; Naykawade T., Department of Commerce and Management, Shivaji University, Maharashtra, Kolhapur, 416004, India; Chellaswamy K.P., CHRIST (Deemed to be University), The School of Comerce, Finance and Accountancy, Karnataka, Bengaluru, 560029, India
- Rights
- Restricted Access
- Relation
- ISSN: 9703772
- Format
- Online
- Language
- English
- Type
- Article
Collection
Citation
Faniband M.; Patil P.; Naykawade T.; Chellaswamy K.P., “Dependence between Sugar Industry Specific Factors and Sugar Companies Share Prices: Evidence from India,” CHRIST (Deemed To Be University) Institutional Repository, accessed February 24, 2025, https://archives.christuniversity.in/items/show/14717.