Measuring and managing liquidity risk is one of the most crucial activities of commercial banks all over the world, as liquidity risk hovers around a bank like an invisible eternal phantom and is often accompanied by interest rate risk. RBI's first guidelines on asset-liability management in 1999, revised guidelines in 2007 and November 2012 guidelines on liquidity risk management strengthened the liquidity risk handling. In this paper, we examine and compare the status of liquidity position of selected public and private sector banks through stock and flow approaches for the period 2013-14 to 2015-16. Under stock approach, loan to deposit ratio and liquid assets to total assets ratio are used. Loan to deposit ratio exhibits the higher loans given by private sector banks as compared to selected public sector banks, and liquid assets to total assets ratio shows that public sector banks hold more liquid assets as compared to their counterparts. Under flow approach, maturity pattern of risk-sensitive assets and liabilities of public and private sector banks are assessed by calculating gap ratios for selected public and private banks, which revealed that banks are exposed to liquidity risk. Overall, public sector banks are more exposed to liquidity risk due to their negative mismatches, whereas private sector banks are managing their liquidity risk, even short-term liquidity, in a better way as compared to their counterparts.

The present study examines the impact of corporate governance on the efficiency of working capital management. For this purpose, manufacturing firms listed on Pakistan Stock Exchange (PSX) are selected for the period 2013 to 2017. The results indicate that Corporate Governance Index (CGI) consists of working capital like cash, current ratio, accounts receivable turnover and inventory turnover. The board with more independent directors, dual leadership, and director ownership contributes efficiently in managing working capital. The internal audit committee and external (big four) auditor keep a check on firms' accounts.

A sharp debate in the context of life cycle literature is whether older homeowners look at their housing wealth as a means to satisfy post-retirement income needs. Little empirical evidence exists in the Indian context which investigates whether Indian older homeowners save or dissave home equity in later life. The present paper attempts to examine statistically the impact of demographic variables on various housing decumulation choices: downsizing, moving to rented home and opting for reverse mortgage loan. The data is collected through survey method from 200 urban older homeowners of Delhi. The survey results report that renting home is a common culture in India irrespective of demographic profile, while evidence for moving to rented home is not found. Logistic regression demonstrates that to be childless or having a girl child is significantly positive, while to be less educated is significantly negative associated with the willingness to sell the home and downsize. Logistic regression shows to be older, less educated, having poor health, childless or having a girl child only, living alone and with spouse only, and long life expectancy are significant and positively associated with opting for reverse mortgage loan. The study concludes that Indian older homeowners do not dissave housing wealth with a rate suggested by Life Cycle Hypothesis (LCH) and they demographically significantly vary in housing choices to fund their later life.