Editorial

Abstract

I am delighted to bring you the second issue of 2016 with its collection of research articlesand review. This year the journal has added yet another feather in its cap by being includedin the EBSCO ultimate database - a proud moment for all of us.The first article by David Sam & Sultan has made an attempt to study the normality andnon-normality for returns of industries listed in BSE. The study reveals the possibility ofinvesting wisely the high risk investments wisely. Also, taking proper decisions will yieldgood returns over the invested amount.Jubna Kuchal and Shijin Shantakumar investigate the role of change in dividend under bothadverse and favorable market conditions. The study explains the signaling effects surroundingthe dividend announcement. The study reveals that the market perceives the announcementas good or bad depending on the firms which may result in positive or negative postannouncement drift.