Pacific B usiness R eview I nternational
A Refereed Monthly International Journal of Management Indexed With THOMSON REUTERS(ESCI)
| January 2018 |
| Name | : | Index |
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| Name | : | Analysis of Investment Behaviour of Individual Investors of Stock Market: A Study in Selected Districts of West Bengal |
| Author | : | Arup Kumar Sarkar, Dr. Tarak Nath Sahu |
| Abstract | : |
The study is an analysis of investment behaviour of individual
investors of stock market to enquire whether there is any impact of
three independent variables namely Demographic Factors, Awareness
and Perceived Risk Attitude on only one dependent variable
Investment Behaviour. The study has collected primary data from 400
randomly selected individual investors of stock market from various
districts of West Bengal using a structured questionnaire on five point
Likert scale. The study finds that the awareness levels of the individual
investors are on moderate level and financial awareness is more than
social learning. Perceived Risk Attitude is mainly guided by Affect
rather than Cognition. The analysis indicate that Demographic Factors,
Awareness and Perceived Risk Attitude significantly influence
Investment Behaviour of individual investors of stock market.
Keywords: Stock Market, Behavioural Finance, Demographic
Factors, Awareness, Perceived Risk Attitude
JEL classification: G1, G02
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| Name | : | A Multiple Comparison of E-banking Quality Dimensions using Tukey's Post Hoc test : A Study on Selected Banks |
| Author | : | Deepjyoti Choudhury, Dibyojyoti Bhattacharjee, |
| Abstract | : |
The study attempts to investigate and compare the selected banks on
Electronic Banking Quality attributes. Later the study prepares an
index based on the performance of banks. A sample of 400 respondents
were collected from the districts of Southern Assam, India based on
post stratified random sampling. Descriptive statistics were used to
measure the performance mean scores. For developing the overall
performance index simple arithmetic calculations were conducted.
Later to find out whether the means obtained are significantly
different, one way ANOVA have been calculated and further
investigation is done with the help of Tukey's Post Hoc Test. The
results revealed that there is a significant difference of performances of
the selected banks on different quality attributes. As a result indexing
of the banks based on performance was possible. An overall
performance index has been computed to find the overall position of
the banks under study based on the quality dimensions .The index
obtained is very helpful in identifying the position or overall status of
E-banking service of a particular bank under study. From the mean
scores obtained the banking organizations can identify and measure
the difference in scores from the top position and differences of scores
with its competitors.
Keywords: E-banking, Performance, Index, Qualitative Dimensions,
Post Hoc Test
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| Name | : | Association among Occupational Stress factors and Performance at workplace among Agricultural Research Sector Employees at Hyderabad, India |
| Author | : | K.D.V. Prasad, Rajesh Vaidya, V Anil Kumar |
| Abstract | : |
This study reports the results on the association among occupational
stress factors and employee performance at workplace using a survey
of 756 employees of agricultural research sector in Hyderabad Metro,
India. The seven independent occupational stress causing factors shift
work, working hours, high on job demand, lack of job control, social
support, job insecurity, lack of salary rewards and the dependent
variable employee performance measured. The data collected using
the structured self-reported and undisguised questionnaire on
agricultural research sector employees working in and around
Hyderabad Metro. Using the questionnaire data was collected on
general characteristics, health related issues using dichotomous
variables and job characteristics – that is occupational stress factors
using statements measured on a 5-point likert type scale. The chisquare
test and multivariate logistic regression analysis were applied to
measure to observe if any statistically significant association among
the seven occupational stress factors and employee performance. The
reliability of the scale used for the study and internal consistencies of
the study instrument were measured using the reliability statistic
Cronbach’s alpha (C-Alpha). The overall C-Alpha value for the
measured at Men 0.83 and for women 0.79 and for all eight factors the
C-alpha values ranged from 0.67 to 0.83 for Men and from 0.64 to 0.86
for Women. The results suggested that there was a statistically
significant association between occupational stress factors like
working hours/week (51-60 hrs, OR=1.41, 95% CI 1.09-1.71, p<0.01;
>60 hrs/week, OR=1.94, 95% CI 1.65-2.44, p<0.01), job insecurity
(OR=3.42, 95% CI 2.86-6.83, p<0.01 and social support (OR=4.42,
95% CI, 2.76-6.74, p<0.01)) effecting the performance. There are no
significant differences were observed on odd rations in adjusted
model.
Keywords: Performance, Occupational stress, Working hours, Shift
work, Social support
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| Name | : | A Study on Challenges Faced & the Support Received during Project Stage by Women Entrepreneurs |
| Author | : | Dr Shaila Srivastava |
| Abstract | : |
Purpose: The core objective of this study is to make an attempt to
analyze the key problems and challenges faced by women
entrepreneurs during project stage and the nature of support received in
their demographic and professional background.
Research methodology: The present study is exploratory and
descriptive in nature. Pre-coded as well as open ended questionnaire
were filled through email, post and personal visit to generate relevant
information Sample women entrepreneurs were randomly picked from
the MSMEs registration list. Study was limited to 131 women
entrepreneurs of manufacturing and ancillary units located in Mumbai
and urban suburb. Simple statistical tools i.e. percentage, frequency,
mean and rank were used to analyze the data.
Findings: The findings of the study indicate that very few women
entrepreneurs had professional qualification and undergone formal
trainings. Also most women were house-wives before induction in to
the business and were lacking practical experience. The majority of
women entrepreneurs have faced problem in financial area, fulfilment
of regulatory requirements and technical matters including project
report and received support from family including spouse.
Originality/value: There are not many studies available on challenges
faced during initial stage of business life cycle by women
entrepreneurs. This study intends to fulfill that gap.
Keywords: Women Entrepreneurs, Startup Problems, Project
Planning
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| Name | : | The Job Content of Post reform Growth in North Eastern Region of India |
| Author | : | Rabichandra Singh Elangbam |
| Abstract | : |
The economic reforms initiated in the early 90s were a watershed in
Indian planning. Never before did we have such systemic and
substantial reforms in our economic policies. The reforms were
ranging and it was considered that it had covered the aspect of short
term crisis management as well as the long term structural changes
which can improve the efficiency and the productivity of an economy
and also putting the economy to the sustainable path of growth with
equity and social justice.
After two decades of the reforms, this paper discuss the relevant
changes in terms of employment content all over India as well as the
north eastern states of India namely Arunachal Pradesh, Assam,
Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura. Took
the help of NSSO rounds from 1993-94 (50th round) to 2011-12 (68th
round) and used the Shapeley decomposition method as well as
employment elasticity to see the situation.
It has been found that all India as well as NER has been largely jobless
growth. It is the increase in output per worker across the country and
NER states that have led to the growth in per capita income. The
negative contributions of demographic factors imply burden of
dependency on the workers. The contribution of growth in
employment rate has been negligible.
Keywords: Economic Growth, Jobless Growth, Shapeley
Decomposition
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| Name | : | An Entrepreneurship Development Initiative - A Project Designed, Developed and Executed for Indian Army Personnel |
| Author | : | Dr. Rajesh N. Pahurkar,Dr.(Capt.) C.M. Chitale, Dr. Surbhi Jain |
| Abstract | : |
The present study is a case of Social Entrepreneurship. This study was
conducted in three phases spanning for almost one year time. The first
phase was to understand the extent of entrepreneurial skills and
abilities possessed by the differently-abled soldiers and the about to
retire soldiers of the Indian Army and also to understand the areas in
which the soldiers would like to start their enterprise. An extensive
survey to understand the same was done. It was found through the
research that the soldiers possessed several characteristics of an
entrepreneur. They showed a keen interest in Entrepreneurship. Hence
in the second phase of the research the researchers developed an
Entrepreneurship Development (ED) capsule taking into view the
interests of the soldiers. The course was conducted for two batches of
retiring soldiers and one program was conducted for the differentlyabled
soldiers who are inmates of the paraphegic house and those who
were doing various courses at Queen Mary’s Technical Institute at
Khadki, Pune during their study leave. In the third phase (Impact
evaluation of ED training) the researchers tried to understand the
practical applicability of the program by reverting back to the soldiers
who had attended the programme. After interacting with the
participants (Soldiers) it was found out that out of 67 retired soldiers
whom the researchers were able to contact, 26 had engaged themselves
in some entrepreneurial activity and for many the programme was an
eye opener and kindled the spark of entrepreneurship in them
Keywords –Entrepreneurship Development, Training, Impact.
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| Name | : | Human Resource Development Mechanisms and Organizational Performance: Measuring a Causal Link |
| Author | : | Umer Shareef Sheikh |
| Abstract | : |
A good research base asserts that effective performance is more often
driven by organizational environment, size, design, strong
organizational cultures, good management practices, effective
communication networks, and also by rules and regulation, procedures
and pay scales. However, a very sparse and scant research is available
that has investigated the effects of a particular system or process or set
of mechanisms on the performance of an organization. This particular
research is therefore, intended to study HRD in relation to
performance. It is aimed at creating a measurable link between HRD
systems and performance of an organization. The underlying
consideration is that since human resources in any organization
occupies a pivotal place and are considered as the primary source of
competitive advantage, it becomes inevitably important from
managerial as well as research point of view to judge the viability of
existing HRD systems within organizations and the impact such
systems have on overall performance. Two hundred and eighty five
(285) employees working in ten selected district hospitals of Kashmir
actively took part in research. The analysis of responses revealed
positive influences of various HRD mechanisms on the overall
performance of the organizations under study. Accordingly, it is
concluded that any significant change in the existing structure of HRD
in hospitals would respond significantly by way of performance
Keywords: Human Resource Development, HRD mechanisms,
Performance appraisal, training, employee welfare, organization
development, feedback and counseling, organizational performance.
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| Name | : | Consumer Switching from Traditional to Electronic Channel: A Literature Analysis |
| Author | : | Ajay Kumar |
| Abstract | : |
The trend of shopping in India are changing rapidly from brick-mortar
model to modern click-model (online shopping). Online shopping
refers to buying of goods or services form from the seller over the
internet using a web browser. This study attempts to identify the
motivation factors that highlighted from empirical researches
regarding online shopping behaviour.The study also focuses on major
factors that are responsible to consumers switching from traditional to
electronic i.e. changing shopping behaviour towards online shopping
from brick and mortar.This is conceptual study. Based on theoretical
construct researcher providesthe managerial recommendation to
understand the gap between traditional shopping and electronic
shopping mode and to come up with compelling marketing strategies.
Keywords: shopping behaviour, online shopping, traditional
shopping, and motivation factor identification.
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| Name | : | Effects of Demonetization on the Real Estate Sector |
| Author | : | Ajinkya Bhagwat, Sujaan Masani, Harshet Sharma, Geetha Iyer |
| Abstract | : |
On 8 November 2016, the Government of India announced he
demonetisation of all 500 and 1,000 banknotes of the Mahatma Gandhi
Series. This paper elucidates the impact of such a move on the
availability of credit, spending and level of activity in the Real Estate
sector of the country. Initially, we referred to diverse articles to
understand and evaluate the short run and medium-term impacts that
such a shock is expected to have on the economy. This was followed by
first formulating a framework and then a hypothesis which listed the
possible factors that could be most affected by the demonetization. A
questionnaire was prepared and 50+ responses were recorded. A
reliability test was conducted to ascertain the dependence on the data
set. The responses were analyzed using factor analysis and regression.
It was found that demonetization did not primarily have a significant
effect on the real estate sector because existing slump in the sector
spanning the last three years.
Keywords: Demonetization, Real Estate Sector, India
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| Name | : | Impact of New Product Announcements on Stock Prices (Evidence from the Indian Automobile Industry) |
| Author | : | Jagandeep Singh |
| Abstract | : |
New products are often seen as a sine qua non for fuelling future
success of any organization. Designing, manufacturing and marketing
new and innovative products has the potency to lend competitive
advantage to a firm. The contribution of new products to the top-line as
well as the bottom-line can be accurately gauged after they have been
launched and are made available to the target market. At the outset
however, the importance of the new product to the organization and the
stakeholder’s sentiment can be captured in the stock price when the
new product announcement is made.
The present study analyzes the market reaction to new product
announcements made in the Indian automobile industry. A total of 19
new product announcements made between 2010 and 2016 by 3
different automobile manufacturers in India have been examined in the
study.
The standard event study methodology has been used to examine
whether cumulative abnormal returns accrue to the firm when new
product launch announcements are made. The study findings suggest
that market reaction to various new product announcements can be
termed as a mixed bag so far as individual manufacturers are
concerned. However, collectively the automobile manufacturing
companies have benefitted on the announcement date and (-2, +2)
event window.
Keywords: New Product Announcements, New Product Launch,
CAR, Cumulative Abnormal Returns, Event Study, Indian Automobile
Sector
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| Name | : | An Empirical Investigation of Service Quality Gaps in NBFCs using SERVQUAL Model |
| Author | : | Joby Joy,Jisha J. |
| Abstract | : |
Financial Institutions like Non-Banking Financial Companies
(NBFCs) have a major role in the financial sector, in a booming
economy like India. But in today's world, financial institutions have to
look beyond the traditional mode of mere servicing to their customers.
This research investigates how perceived service quality is important
in analyzing gaps based on the SERVQUAL model. The research also
highlights the major expectations of the customers in connection with
the services provided by NBFCs. The research draws insights into the
attributes of service quality which are important in providing
satisfaction to customers and areas where significant gaps existed. The
research identifies that empathy shown to the customers while
addressing their needs coupled with procedural simplicity do play
crucial roles and hence, these should be areas of vital concern for
NBFCs to ensure customer satisfaction. The role of NBFCs is
extremely significant to our economy, so are the services offered to its
customers at par with their diverse financial needs and expectations, in
order to foster economic development.
Keywords: NBFCs, Customer Satisfaction, Servqual, Gap Analysis
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| Name | : | Anchoring Bias a Criterion for Explain Profitability of 52-Weeks High and Momentum Strategies |
| Author | : | Mohammad hesam Jahanmiri, Fraydoon Rahnama Roodposhti, Hashem Nikoomaram |
| Abstract | : |
The aim of this study is to investigate the anchoring bias as a criterion
to explain stock returns by a behavioral approach at uncertainty
situation for 52-high week strategy to the companies listed on the
Tehran Stock Exchange. The information uncertainty criteria include
the book value to market value (BV / MV), company age (Age), the
size of the entity (MV), lowest price to the highest price of the stock
ratio (LHR), the standard deviation of stock returns (STD) and the
standard deviation of operating cash flow (CFVOLA). To investigate
this issue a main hypothesis and four sub-hypotheses developed for
this purpose and data of 99 companies of Tehran Stock Exchange was
analyzed for the period 2007 to 2014. Results show that for all the
variables except for STD (standard deviation of stock returns), by
increasing the degree of information uncertainty, stock returns trend
increases for winning portfolios.
Keywords: 52- high week, Stock Returns, Anchoring bias, Behavioral
Finance.
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| Name | : | Bank Specific and Macro Determinants Influencing Non Performing Assets in Indian Public Sector Banks |
| Author | : | Manvir Kaur, Rohit Kumar |
| Abstract | : |
The objective of the paper was to study the theoretical framework of
NPAs and also study the impact of NPAs on bank specific variables on
NPAs. The sample consists of 10 banks from the public sector banks on
the basis of size and sample has been decided by applying quartile
deviation The period of the study covers from 2001-02 to 2013-14.
Data has been analysed with the help of panel data. Secondary data has
been used and gathered from the various reports of RBI. The study
found that Bank specific determinants and macro determinant
influence the level of gross non-performing assets of public sector
banks.
Keywords: NPAs, Return on Assets, Return on Equity, Credit Deposit
Ratio, WALR, NDS
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| Name | : | A Case on - Delicious Catering Services |
| Author | : | Dr. Manisha Singhai, Dr. Raksha Thakur, Dr. Kalpana Agrawal, Dr. Raksha Chauhan, Dr. Manjari Soni |
| Abstract | : |
This case is about a very young entrepreneur, Gaurav Singh, 25 years of age. Gaurav was a management Graduate who
always had entrepreneurial orientation and an intense urge towards business and growth in life. He started showing his
entrepreneurial talent when he was in class tenth. He started his career as a distributor for 'Ayurvedic Life' by taking a
franchisee in his first year of graduation in 2011 based at Indore, Madhya Pradesh, India. In due course of time he became the
manager of Manmeet Garden in 2013. In 2015, he took up the contract of canteen in the institute where he was doing his post
graduation. Gaurav had also planned a mobile restaurant on truck targeting students mainly at two prime locations of the city
with a catchy name, “Smart Restaurant” and a menu as per preference of majority of youth in Indore city. Apart from this he
also had big expansion plans for near future. This case is focusing on entrepreneurial talent of Gaurav and challenges being
faced by him in establishing his business and expansion plans so as to provide a practical exposure to the students about
entrepreneurship and its challenges. The name of the organizations and their officials has been disguised so as to avoid any
conflict.
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| Name | : | Economic Update |
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| Name | : | Stats Window |
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| Name | : | Corporate Snapshot |
| Corporate Snapshot | : |
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| Name | : | Editorial |
| Editorial | : |
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