| July 2015 |
| Name | : | Editorial |
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| Name | : | Acceptance of Online Shopping in West Bengal: Customer's Perception |
| Author | : | Indrajit Ghosal, Debansu Chatterjee, Meghdoot Ghosh |
| Abstract | : |
Online shopping is a well-known trend around the world. West Bengal is not so far
behind. A good number of online shopping portals are getting launched. The present
online market scenario and behaviors among the internet users of West Bengal are
presented in the study. The reasons and inhibitions are also analyzed. A proposal
to the online shop owners has also been given at the end of this study. This research
study investigated the preferences influencing the usage pattern of Online Shopping
in West Bengal, India. This research study would also help in understanding various
reasons for this resistance (reluctance) and would be useful for organizations in
formulating strategies aimed at increasing the overall usage of the technology.
From this empirical research, first, we discussed the acceptance of the technology
from the consumer perception and then their effect on consumers' buying behavior
in online shopping decision-making in west Bengal.
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| Name | : | Stress Causing Factors among Women and Strategies to Cope Up |
| Authorhor | : | Dr. Shakeel-ul-rehman |
| Abstract | : |
Stress is a psychological, physical or emotional reaction, resulting from an individual's
response to environmental anxiety, conflicts, pressures and similar other stimuli
that intimidate a person's ability to manage. When a person face a situation which
brain is incapable of handling, it puts the body on alert by secreting required
hormones for fight-or-flight situation, such as, rapid heartbeat, increased blood
pressure, condensed blood supply to the skin, increased respiration, and additional
release of sugar into the system to coup up with the additional energy requirement.
The word Stress is derived from the Latin word “Stringer” meaning to draw tight.
There are many definitions of stress, such as tension or pressure to medical explanation
for the physiological response of human body to certain stimuli. Stress has different
meanings to different people. From a common perspective, stress can be described
as feeling tense, anxious or worried, or having the depression. Scientifically these
feelings are manifestations of the stress experienced an intriguingly complex programmed
response to the perceived threat that can have both positive and negative results
(Ivancevich & Matteson, 1996). Murtaza & Siddiqui, (2011) describes that causes
of stress are diverse but include: Social Stressors (associated with family life,
marital relationships, isolation, rejection etc), Occupational Stressors (too much
or too little work, over promotion or under promotion, conflicting job demands,
incompetent superiors, working accessing hours and interactions between work and
family commitments etc), and Environmental Stressors (arising from extremes of temperatures
and humidity, inadequate lighting and ventilation, noise etc). In context to this
the present research is survey based and intends to study stress causing factors
among women in Salem city through a structured questionnaire. Major dimensions of
stressors like; sociological factors, psychosomatic factors and family and relationship
related factors have been investigated, moreover some mental and physical stress
management strategies to cope up adopted by women have also been covered under the
study.
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| Name | : | An Empirical Study on Relationship between Selected Financial Measures and Market Value Added of Infrastructural Companies in India |
| Author | : | Dr. Hanuman Prasad, Kapil Shrimal |
| Abstract | : |
Market Value Added (MVA) is the best peripheral performance measure as it indicates
the market assessment of the effectiveness with which a company's managers have
used the scarce resources under their control. The present study is focused to find
the relationship between financial measures and MVA. Thus, the objective of the
study is to know one of the internal measures, which can influence the MVA. To examine
MVA is taken as a dependent variable and the profitability ratio (GPM, NPM, ROCE,
ROE and RONW) and market value ratios (EPS, PER and DPR) variables are selected
as independent variables. Sample of 23 listed infrastructural companies of CNX Infrastructure
Index have been taken for the study. The period of the study is 5 years (F.Y. 2009-10
to F.Y. 2013-14). The study reveals that there is positive relationship between
MVA and financial performance measures of selected infrastructural companies during
the period. Result shows that there is significant relationship between ROCE, ROE
and EPS with MVA.
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| Name | : | An Empirical Study of Impact of Demographic Variables on Quality of Work Life among Insurance Sector Employees in Indore Division |
| Author | : | Dr. Barkha Gupta |
| Abstract | : |
Quality of work life (QWL) is one of the major parts for the employees' motivation
in organizations. People can deliver their best potential if the QWL is improved
and satisfactory. The concept of Quality of Work Life deals with the issue of how
rewarding or satisfying the time spent in the workplace is. As such, Quality of
Work Life may reflect working conditions and contextual issues such as relationships
with work colleagues and the intrinsic satisfaction of the job itself. Growth of
Insurance sector is expected to be US$ 350-400 by 2020 and it is also expected that
Indian Insurance market will reach the top 3 insurance market in the world. To achieve
those insurance companies must have to reduce the attrition rate, which is very
high in present conditions. This research study attempted to find out the impact
of age, income, gender and experience on Quality of Work Life of Insurance sector
employees. Data was collected from 151 Insurance sector employees of Indore city.
T-test and One way Anova was used for data analysis.
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| Name | : | Procrastination Patterns of Transactional and Transformational Leaders |
| Author | : | Sandeep Singh, Dr. Ran Singh Dhaliwal |
| Abstract | : |
In this modern era creation of surplus or maximization of profits has emerged as
a prime focus of organizational performance. In recent past decades procrastination
and leadership style had been studied as an influencing factor in relation to performance.
Enormous studied were conducting on leadership styles and procrastination with behavioural
variables but no study established directly relationship of procrastination with
leadership styles. The present study was an attempt to fill this gap and an effort
to study relationship between procrastination and Leadership styles. The data was
collected from 15 Textile Factories which were selected conveniently from five district
of Punjab. The number of respondents was 100 managers. Simple random (probability)
sampling technique was conducted to collect the responses. The demographic information
was also gathered from the respondents. Two questionnaires Pure Procrastination
Scale (Steel, 2010) and Multifactor Leadership Questionnaire (MLQ) Leaders Rater
Form short (Bass & Avolio, 2004) were used at five point Likert scale. The reliability
of questionnaires was also tested by Cronabach's alpha which was moderate. Descriptive
Statistics was performed. Correlation and Regression were used to test the hypothesis.
There was positive and highly significant relationship was found between procrastination
and transformational leadership style. Regression analysis was showing that transformational
leadership had significant relationship and impact on the procrastination. Limitations
of study, implication and scope of research in future were also discussed in the
study.
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| Name | : | Shareholder's Value Creation in M&A- A Case of Indian Construction Industry |
| Author | : | Jayanta K Mohapatra |
| Abstract | : |
The Indian Government has identified infrastructure as one of the key sectors for
economic development. 45% investment of infrastructure goes towards construction
and it is the major employer also. The construction sector contributes around 10%
to the Indian GDP. The industry is growing at a high rate with 40% funding coming
from private sector. India is poised to be the third largest construction market
by 2025.the industry also has witnessed several business combinations small or big
in the form of mergers and acquisitions and is about to increase further. This study
provides an overview of the most recent M&A in construction industry and expectations
for the future. The data of the construction industry M&A has been collected from
CMIE database. The event study methodology has been used to find the abnormal return
to the bidder shareholders and their expectations from the deal. It has been found
that the M&A activity has increased the value to the shareholders of the bidder
firm to an extent of 2.2% cumulative abnormal return over a period of 180 days around
the merger. This study helps to understand the rational of M&A in construction industry
and guides the practice managers about M&A decisions. When M&A is mostly understood
as value destroying for bidders, construction industry proves to be an exception.
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| Name | : | The Effects of Public Debt on Economic Growth and Gross Investment in India: An Empirical Evidence |
| Author | : | Amanpreet Kaur, Dr. Baljit Kaur |
| Abstract | : |
Public borrowing is one of the major instruments of resource mobilization which
divert the flow of resources into right channels, especially in case of developing
economies. Given the current drive towards government borrowings there is a need
to have an understanding of the factors which influence public debt. The aim of
the present paper is to analyze the empirical relationship between public debt and
economic growth in India. The present study covers the period of 32 years (i.e.,
from 1981-82 to 2012-13). To achieve this objective, the trends in public debt,
investment and GDP for a period of 32 years' regular time series have been analyzed.
Granger's causality analysis has been carried out in order to examine the cause
and effect relationship between economic growth and public debt. Furthermore, Multiple
Regression has been worked out to investigate the indirect relationship between
economic growth and public debt. The present study provides us the evidence of positive,
but indirect relationship between public debt and economic growth via investment.
The results show the positive and statistically significant relationship between
public debt and investment and also Public debt effects the economic growth significantly.
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| Name | : | Value Chains, Challenges and Concerns of Waste Based Business – A Study of Northern India |
| Author | : | Dr. Sukhmani, Dr. Sandeep Kapur |
| Abstract | : |
Waste has been a major environmental issue everywhere since the industrial revolution.
Besides the waste created at home, schools and other public places it is also generated
by various sectors like hospitals, industries, farm and other sources. Waste based
business helps in addressing the problem of waste to a great extent. The present
study analyses various actors in the value chain of waste business and perception
of manufacturers regarding challenges and concerns of such business. The total sample
size comprised of 156 manufacturers dealing in waste based business units from Northern
India i.e. Punjab, Haryana and Himachal Pradesh.The study concluded that in waste
based business, 13 different value chains were followed. The major challenges and
concerns were found to be inadequate supply of electricity, shortage of raw material
availability followed by shortage of labor, low demand of end product, rising prices
of raw material, restriction on use of plastic, high taxes, high competition due
to new entrants and excess interference by the government.
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| Name | : | A Study on Impulse Buying and its Determinants: A Literature Review |
| Author | : | Pooja Luniya, Dr. Manoj Verghese |
| Abstract | : |
This paper tries to know how consumer's traditional planned shopping behaviour is
shifting to impulse behaviour. Through this study we tried to find what impulse
buying is, its types and various factors influencing impulse buying behaviour. For
this we have reviewed the literature to gain insights of impulse buying behaviour.
Findings show that there are various determinants which compel or force a consumer
to act in an impulsive manner.
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| Name | : | A Study on Relationship between Profitability and Dividend Payment in Iron & Steel Industries in India |
| Author | : | Dr. Biswajit Prasad Chhatoi |
| Abstract | : |
Purpose: The purpose of this paper is to measure/assess relationship between profitability
and dividend payment in select Indian iron & steel industry.
Design/Methodology/Approach: The researchers collect, compile and analyze publically available data like; EPS, DPS, and Payout Ratio of selected companies from the annual reports over the period 2004 to 2012. Descriptive as well as inferential statistical tools are used to arrive at any conclusion. The hypotheses are tested with 95% of significance level. Findings: The results suggest that the dividend decision is greatly influenced by profitability of the firm. Research Limitations: The study depends more on empirical procedures rather than a theoretical justification in the anomalies on dividend policy. The research is totally based on publically available information and limited with regard to the time span and sample size. Practical Implications: Dividend decision is directly associated to the financing and investment decision, it becomes crucial for a firm to decide optimum dividend decision to the shareholders. This also makes a judicious balance between the retention and shareholders' satisfaction. Originality: The present study concentrates on matters like; do the companies belonging to the same industry declare similar percentage of dividend? Is the growth rate fluctuate, when dividend is declared? Do the dividends declared by the companies differ significantly from one company to other? |
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| Name | : | FIIs Foreign Exchange Reserve,nexus in India |
| Author | : | Dr. Rekha Mehta, Akansha Jain |
| Abstract | : |
The foreign institutional investment had a very significant impact on the domestic
stock market and real economy since their arrival in India in 1993. FII investment
in India is responsible factor in determining foreign exchange reserve in India.
Fluctuation in FOREX, actually disturb the economic stability through this paper
we study the impact of FII on Foreign exchange reserve and examine the causal relationship
between these two factor. For this purpose Granger Causality test is used with unit
root test. Along with these test, statistical tool are also used.
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| Name | : | Evaluating the Impact of Advertisement on Buying Behavior: A Study of Financial Service Sector |
| Author | : | Pallavi, Dr. Rishi Raj Sharma |
| Abstract | : |
The wide spread of media provides a lot of awareness among the public regarding
all the changes and innovations that are taking place all around the globe. The
technology when combined with the media makes it more easily to reach to the maximum
number of customers. Therefore, the present paper intended to find the influence
of the advertisement on the buying behavior towards banking and financial sector.
The paper tries to explore the various factors which will affect the customers when
they select the specific banking and financial services. Further, the paper will
find the single factor which has the highest impact on the customers purchase decisions.
The research objectives of the paper will be obtained by applying the Factor Analysis
on the collected data and afterwards the regression analysis in order to find the
relationship between the various factors and to identify the single prominent factor
which has highest impact.
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| Name | : | A Demographic Study of Buying Impulsiveness among Online Shoppers |
| Author | : | Dr. Satnam Kaur Ubeja, Devendra Jain, Dr. Vipin Choudhary, Vikas Chauhan |
| Abstract | : |
Online shopping has increased tremendously in the past few years in India. It has
improved the lifestyle of people in the country. Consumers tend to be attracted
by the offers on the online shopping portals. This had resulted in the increase
in impulsiveness among the buyers online. The present study is an attempt to understand
the effect of impulsiveness among online buyers. For the purpose of study, online
shoppers from Indore city were taken. The study indicated the fact that various
factors contributed to the impulsiveness among buyers while they do online shopping.
Among them unplanned tendency online shopping mood and online shopping experience
were major identified factors. Demographic factors like age, gender and occupation
of shoppers were also analyzed to know its effect on online impulsive behavior.
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| Name | : | Program Evaluation through Kirkpatrick's Framework |
| Author | : | Ömer Gökhan ULUM |
| Abstract | : |
Being purposeful, systematic and carefully implemented, evaluation is a continuous
process and it is performed as the very basic part of the program activities to
attain data to conclude if there is a need to make changes or eliminations, or accept
something in it. Program evaluation is a kind of examination in social research
field and it checks the sufficiency of educational programs. The broadest purpose
of evaluation is to contribute judgments about the worth of an evaluated program
or to point to the value of the program or just a section of it. The evaluators
choose an evaluation model among several ones, each of which has its own characteristics
or way of approaching the evaluation. One of these models is Fourlevel Evaluation
Model by Kirkpatrick. This study was conducted based on the Document Analysis Technique
by means of inquiring Kirkpatrick's framework from various sources of academic books
and articles. From the analysis, one can conclude that Kirkpatrick's four-level
model of program evaluation is one of the mostly employed models by the program
evaluators. Besides, this study offers a documented data of how Kirkpatrick's framework
that is easy to be implemented functions and what its features are.
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| Name | : | Goods and Service Tax (GST) – A Welcome Step to Tax Reform |
| Author | : | Dr. Hemant Kaduniya |
| Abstract | : |
As Goods and Service Tax is likely to be imposed from 1st April, 2016, in this article
an attempt has been made for the change. GST is the requirement of current economy
of India. By GST application there will be a single indirect tax rate, single authority,
uniform structure. In this article I have tried the compilations of pros and cons
of GST. There will be a dual GST structure and Credit of each is available with
certain conditions. So as per analysis, GST will improve efficiency, uniformity
and administration of Indirect taxation of India.
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| Name | : | corporate snapshot |
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| Name | : | Economic Update |
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| Name | : | Stats Window |
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