FM - Sustainability

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Browsing FM - Sustainability by Author "Birău, Ramona"

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    Crude oil futures to manage the price risk of textile equities : an empirical evidence from India
    (The National Research-Development Institute for Textile and Leather (INCDTP), 2022) Kumar, B. R. Pradeep; Kumar, K. Abhaya; Pinto, Prakash; Hawaldar, Iqbal Thonse; Spulbar, Cristi; Birău, Ramona; Anghel, Lucian Claudiu
    The textile sector in India is the oldest manufacturing sector. As the raw materials for this sector are sourced from the petrochemical industries, the earnings of Indian textile companies are dependent on the crude oil price. The crude price in the international market has become more volatile and hence, the equity price of Indian textile companies has become more volatile. This study aims to develop two price risk management strategies for Indian textile equities. Using the vector autoregressive (VAR) model, a price forecast model, further the possibility of cross hedge for textile equities with the help of crude futures is examined using the Granger causality test and Pearson correlation statistics. The results of the study showed that crude futures price in India is one of the price determinants of textile industry stock prices.
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    The impact of OECD's Development Assistance Committee (DAC) aid commitments for education on human development in Asian countries and its implications for textile industry
    (The National Research-Development Institute for Textile and Leather (INCDTP) , 2022-10) Gilliani, Durdana Qaiser; Naeem, Muhammad Zahid; Spulbar, Cristi; Ejaz, Abdullah; Birău, Ramona; Anghel, Lucian Claudiu; Florescu, Ion
    Education and health are considered a cornerstone for obtaining targeted development in any society. Moreover, both sectors promote prosperity greatly. In this changeable epoch, people are thought out as the real wealth of any nation and this wealth with good human capital serves the economy very efficiently and productively. This research study aims to analyse how Development Assistance Committee (DAC) aid commitment for education along with institutional quality is effective for the human development of selected Asian economies. A panel data set over 2011–2018 is used for this analysis in Asian countries. GMM results show a significant and positive relationship between aid commitment for education and the human development of these economies. A more interesting result is that financial development seems to boost up human deployment in the selected Asian economies. The development of the textile industry is significantly influenced by education, especially considering the effects of OECD's Development Assistance Committee (DAC) Aid Commitments for education on human development in Asian countries. There is a dire need to reconsider more allocation of resources and aid to education and health to utilize these inflows at the maximum level for targeted development.