About Journal Indexing / Abstracting About AMCPL Our Journals Editor-in-Chief (EiC): Dr. Raj Kumar Singh Editorial Director: Priyanka Gilani Publisher:Associated Management Consultants Private Limited ISSN: 0973 - 8711 Frequency : Monthly Publication Since: 2007 Indian Journal of Finance is a member of and subscribes to the principles of the Committee on Publication Ethics (COPE). Indexed in Scopus (Q2), Included in UGC's - CARE List of Journals (Group II), Included in ABDC Journal List (Rating : C) ; (Published since 2007 ; Frequency : Monthly ; Language : English) a source of sophisticated analysis of developments in the rapidly expanding world of finance, is a double blind peer reviewed refereed monthly journal that publishes articles on a wide variety of topics ranging from corporate to personal finance, insurance to financial economics, and derivatives. It provides a forum for exchange of ideas and techniques among academicians and practitioners and thereby, advances applied research in financial management. The journal, with its mission to promote thinking on various facets of finance, is targeted at academicians, scholars, and professionals associated with the field of finance to promote pragmatic research by disseminating the results of research in finance, accounting, financial economics, and sub - areas such as theory and analysis of fiscal markets and instruments, financial derivatives research, insurance, portfolio selection, credit and market risk, statistical and empirical financial studies based on advanced stochastic methods, financial instruments for risk management, uncertainty, and information in relation to finance. We are sure that you would like to subscribe to Indian Journal of Finance. The annual subscription charges are 4,500/-, which are payable in advance through NEFT/RTGS/ demand draft/multicity or payable at par cheque drawn in favor of Indian Journal of Finance, payable at New Delhi. We will start sending you the copies on receipt of your subscription remittance. 1.9 2024CiteScore 54th percentile Powered by MISSION STATEMENT In the research field, there is always a need to evaluate and re-evaluate the changing phenomenon, envisage new ideas, judge the results on different parameters, and then evaluate again. For this purpose, a constant effort is required to update and upgrade the knowledge. Furthermore, it necessitates raising a platform from where we can hear from eminent persons, professional managers, scholars, and researchers, and thus, plug-in the information gaps. Associated Management Consultants Private Limited (https://amcon.co.in/) strives to promote excellence by publishing cutting-edge and insightful research of the highest quality in the field of business management and engineering in the 21st century, with a specific focus on India. Our vision is to provide a world-class platform (in the form of research journals) for authors, professors, and scholars to publish their research. Our journals have built a corpus where different stakeholders unite and debate upon diverse issues related to business management and engineering, provide well-researched and tested benchmarks for academia and industry, and also provide new directions for further research. The Journals have been publishing insightful research of the highest quality, and the subject scope reflects and has kept pace with the evolving research activities in the field of business management and engineering. Our journals have also maintained their high standards with their rigorous but fair blind-peer review procedures. OUR JOURNALS Associated Management Consultants Private Limited (AMCPL) (https://amcon.co.in/) is running eight very successful double-blind peer-reviewed refereed research journals: Indian Journal of Marketing (Frequency: Monthly) Indian Journal of Finance (Frequency: Monthly) Prabandhan: Indian Journal of Management (Frequency: Monthly) Arthshastra Indian Journal of Economics & Research (Frequency: Quarterly) Indian Journal of Research in Capital Markets (Frequency: Quarterly) Indian Journal of Computer Science (Frequency: Bi-Monthly) AMC Indian Journal of Entrepreneurship (Frequency: Bi-Annual) AMC Indian Journal of Civil Engineering (Frequency: Bi-Annual) DISTRIBUTION CHANNELS: THROUGH SUBSCRIPTION PUBLISHER: ASSOCIATED MANAGEMENT CONSULTANTS PRIVATE LIMITED, NEW DELHI (https://amcon.co.in/) These eight journals are the leading research journals in India in the field of business management and engineering and are an excellent forum for intra-disciplinary and interdisciplinary study of various aspects of business management and engineering. Our journals have a pan-India presence, reaching even the hinterlands of India. Our journals have a subscriber base that extends from Kashmir to Kanyakumari and from the North East to far-flung areas of Gujarat. OUR HISTORY Mr. Jagdish Chander Gilani founded Associated Management Corporation (now Associated Management Consultants Private Limited) (https://amcon.co.in/) in 1964. The Company is a privately owned firm with dedicated, experienced cross-country, and cross-functional resources focused on helping organizations and businesses grow and expand as well as operate more effectively and profitably. This firm has conducted Management Development Programmes and Office Management Programmes for junior, middle management, and senior management programmes; programmes on Indian Labour Laws for Supervisors, Managers, and Executives; and Salesmanship Programmes for Salespersons. Over more than 200,000 professionals have attended these programmes from different parts of India and abroad. Associated Management Consultants Private Limited (AMCPL) (https://amcon.co.in/) has over four decades of consulting and industry expertise in the following areas: Organizational Studies: Re-organize your management and organization and draw up administrative methods to improve the efficiency of your organization. Personnel Selection: Advise on the proper selection of executive and non-executive personnel for your organization. Marketing Research: Undertake Market surveys for consumer/industrial products to increase your sales. Management Development Programmes: Conduct MDPs in Marketing Management, Modern Salesmanship, Personnel Management etc., for staff training for organizations like Nestle, Air India, HUL, and so on. Event Management Programmes: Organized conferences and promotional events for the Corporate sector. READERSHIP + 500,000 for each journal KEY AUDIENCE Professors/ Lecturers/ Academicians in various capacities and levels with research interests in business management and engineering. Research Scholars of business management and engineering. Corporate and Academic Librarians serving the needs of business management and engineering disciplines. Industry experts, business managers, consultants, policy makers and practitioners of business management and engineering disciplines in India and abroad. Top B-schools, Universities in India and abroad. Undergraduate and post-graduate management and engineering colleges in India and abroad. INDEXING OF OUR JOURNALS At AMCPL (https://amcon.co.in/), we aim to continuously expand the coverage of our publications within the following main academic databases: Scopus Web of Science UGC – CARE List of Journals Australian Business Deans Council (ABDC) ABS In addition to the main databases, we also focus on ensuring coverage of our journals within as many scope-specific databases as possible in order to increase visibility for our authors and further disseminate their impactful data. Furthermore, our eight journals are digitally preserved on our website and are available for subscription on i-Scholar (http://www.i-scholar.in/), which is a full-text digital library of peer-reviewed Indian journals that facilitates institutions and individual users to browse and subscribe to the listed journals, ensuring long-term archival of all of our publications. Read More 1.9 2024CiteScore 54th percentile Powered by Scopus (Elsevier) (Quartile : Q2) Source Normalized Impact per Paper (SNIP) : 0.566 SCImago Journal Rank (SJR) : 0.213 Scopus CiteScore = 1.9 (Scopus Journal CiteScore Rank : 119/260 and 195/333) UGC - CARE List of Journals (Group II) Included in ABDC Journal List (Rating : C) Ulrich's International Periodicals Directory, USA ISSN (0973-8711) <!--li>NAAS Score (National Academy of Agricultural Sciences, A Govt. of India Institute) = 3.60/10</li--> Indian Science Abstracts (ISA - NISCAIR) Google Scholar [Google Scholar h5-index : 12 ; Google Scholar h5-median : 17 ; Google Scholar Citations : 4,000 plus citation Cabell's Journalytics J-Gate 1.9 2024CiteScore 54th percentile Powered by <!--div style="width: 165px; margin: 0px auto;"> </div--> This journal is a member of and subscribes to the principles of the Committee on Publication Ethics Prabandhan: Indian Journal of Management (PIJM) Indian Journal of Marketing (IJM) Indian Journal of Finance (IJF) Arthshastra: Indian Journal of Economics and Research (AIJER) Indian Journal of Research in Capital Markets (IJRCM) Indian Journal of Computer Science (IJCS) AMC Indian Journal of Civil Engineering AMC Indian Journal of Entrepreneurship
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Can FinTech Spark the Green Revolution in ESG Investing?
Purpose : Financial Technology (FinTech) has transformed the financial landscape by making financial services more accessible, transparent, and efficient, while environmental, social, and governance (ESG) investing has become an integral part of sustainable economic growth. Although digital financial platforms grew rapidly, the impact of technological, institutional, and behavioral factors on ESG investment decisions had received little empirical attention, especially in emerging markets. This study examined the effects of FinTech Ease, Government Support, AI Impact, and Trust on perceived ESG value among retail investors in India. Design/Methodology/Approach : A quantitative, cross-sectional research design was adopted. Data were collected from 323 retail investors, FinTech users, mutual fund investors, and finance professionals through a structured online questionnaire. Partial Least Squares Structural Equation Modeling (PLS-SEM) in SmartPLS 4.0 was used to test the proposed research model. Findings : The results indicated that FinTech ease, government support, and AI impact all had a significant positive effect on trust, and that FinTech ease, government support, AI impact, and trust had a significant positive effect on ESG value, with FinTech ease showing the strongest total impact. Practical Implications : The study offered actionable recommendations for FinTech companies, policymakers, and ESG investment platforms to strengthen digital investment ecosystems, improve transparency, foster investor confidence, and encourage broader sustainable-investing adoption in emerging markets. Originality/Value : The study was among the first to integrate the technology acceptance model and stakeholder theory into a single framework explaining how technological ease, institutional support, and AI-enabled decision support jointly shaped ESG value through investor trust, using empirical evidence from a fast-growing digital financial market that had been largely overlooked in prior sustainable-finance research.
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Public Debt Dynamics and Fiscal Sustainability in India
Purpose : This study aimed to investigate the trends and sustainability of public debt in India from 1980 to 2022. Design/Methodology/Approach : A moving average and graphical approach were employed to capture the trend in India’s internal, external, and total debt. The fiscal reaction function (FRF) and indicators-based approach were applied to examine the sustainability of public debt under the autoregressive distributed lag model. Findings : The graphical and moving average results indicated that India’s overall public debt-to-GDP ratio increased over the study period. A significant decline was observed in the external debt-to-GDP ratio, particularly after the 1991 economic reforms. In contrast, the internal debt-to-GDP ratio indicated an upward trend. The indicator-based approaches showed mixed results. The FRF results indicated that during the study period, public debt in India remained sustainable due to a favorable interest-growth differential rather than a positive primary balance. Practical Implications : The findings of the present study improved the understanding of public debt behavior and sustainability concerns in India. Originality/Value : This study contributed to the literature by conducting trend analysis of public debt and debt components and sustainability, examined through an indicator-based approach and the FRF. It made a valuable contribution to the literature on public debt trends and sustainability, using a theoretical and empirical methodological framework. Additionally, it explored how macroeconomic variables over the five phases of the study period determined debt sustainability in India.
Geopolitical Risk Forecasting for Indian Agricultural Commodity Markets
Purpose : In this study, we investigated whether a geopolitical risk index (GRI) was a better predictor of Indian commodity prices than traditional econometric models and whether machine-learning models could have improved forecasting performance relative to conventional econometric approaches. Methodology : In India, the daily wholesale prices of cotton and turmeric were analyzed using the Caldara and Iacoviello global GRI. Risk transmission was quantified using measures of Granger causality and connectedness analysis. Three machine-learning architectures were estimated in both plain and risk-augmented variants and compared with linear econometric benchmarks. The accuracy of the forecasts was evaluated on a held-out partition and was also tested using a rolling-origin cross-validation approach. Findings : Geopolitical risk was a significant predictor of turmeric prices, but not cotton prices, which is perhaps understandable given that cotton benefits from government price-support mechanisms. For both commodities, the models based on recurrent neural networks were superior to the gradient boosting and linear benchmark models, and adding a geopolitical risk variable enhanced the accuracy of forecasts in almost all models evaluated. Practical Implications : There is a potential for the inclusion of geopolitical risk indicators in commodity price monitoring systems in emerging markets, with special emphasis on commodities that trade in open, unregulated markets where the predictive relationship was clearly established. Originality : The study provided evidence of geopolitical risk transmission to structurally contrasting Indian agricultural commodities using daily-frequency data and compared the forecasting performance of machine-learning and econometric models in the context of risk augmentation.
How Financial Literacy Shapes Financial Planning Practices : A PLS-SEM Study of Higher Education Teachers
Purpose : This study examined the impact of financial knowledge (FK), attitude, and behavior on financial planning practice adoption among higher education teachers. Research Design/Methodology/Approach : Data were collected from 246 faculty members across different academic disciplines for the proposed issue of study, and their responses were considered the main data for analysis. For hypothesis testing of the proposed study, partial least squares structural equation modeling was executed to explore the different correlations among the variables. The study is guided by the theory of planned behavior for understanding financial planning practices, with specific emphasis on the role of financial attitudes (FA) and behavior in shaping financial decision-making. Findings : The results showed that financial behavior (FB) and knowledge are the main determinants of financial planning practices. However, FA acts as a mediator in the sequential relationship between FK and financial planning practices through FB. Practical Implications : The results of this study guided policymakers and educational institutions in designing faculty development programs and training programs on financial literacy. Originality/Value : This study contributed to the financial literacy literature by focusing on the relatively underexplored context of higher education teachers in India. It examined the interactive effects of FK, attitude, and behavior on financial planning practices and empirically validated the role of FA in this relationship as sequential mediation.