bluuebunny/crossref_metadata_2025 huggingface dataset:
Stability of Alphas and Betas over Bull and Bear Markets: An Empirical Examination
Authors: Chawla Deepak
Published: August 2011

This paper examines the influence of bull and bear markets on the stability of alpha and beta for the single index market model. The data for the study is collected for the period March 01, 1996 to March 31, 2001. The data pertains to the adjusted daily closing prices of 74 scrips that form a part of BSE-100 index. Two definitions of bull and bear markets are used. The analysis is carried out by estimating dummy variable regression, conducting a joint test (F-test) on alphas and betas, test for correlation coefficient and the paired t-test. The results indicate that alpha varies over both definitions of bull and bear market conditions whereas beta varies for one definition and is stable for the other. The variability of beta also dependents upon specific industry groups. However, one should take large samples from each industry group to draw any generalizations. The implications of the results for a portfolio manager are explained. It is also observed that the stability of alpha and beta depends upon the choice of bull and bear market conditions.
Market innovative Strategy a Case of LG Electronics
Authors: Bhatt P R
Published: August 2011

LG Electronics (LGE) is the third in the rank of three largest chaebols after Hyundai and Samsung in South Korea. LGE has got more than 70 subsidiaries in 40 countries. The thrust of LGE was on home appliances, PC related multimedia products, electronic products and telecommunication products such as handsets, mobile systems and network system. LGE aimed at attaining top position in digital TV and telecommunication equipments in the world. It also aimed at strengthening its core competency as ‘Digital Leader’ in electronic products and equipment in this digital era. Bon Moo Koo, after taking over as Chairman of LG group in 1995, has adopted “Leap 2005” as the basic philosophy of LGE group. According to the principle of “Leap 2005”, LG group was to grow from around US $38 billion in 1994 to US $380 billion by 2005 with 50% coming from international sales. LGE has adopted a differentiation strategy to concentrate on the high end of the entire products segment it enters. It cultivated an image for both technology and quality. Globalisation and innovation were the major strategies of LGE through mergers, acquisitions, divestures and alliances.
Anti-Dumping Mechanism as a Trade Remedial Measure under WTO
Authors: Ahuja Shobha
Published: August 2011

The purpose of the paper is to ascertain whether the anti-dumping legislation, in its present form, has served as an effective instrument of protection against unfair trade practices under WTO. The ultimate aim is to assess whether the measure has succeeded in conferring net welfare gains to participating countries by facilitating trade and commercial interaction between trading partners. While analysing the administration of anti-dumping duties, the paper concludes that while the action may have been successful in curbing the practice of predatory pricing in a few cases, there are certain systemic deficiencies in the legislation which could be exploited to restrict market access. It is in this context that reform in anti-dumping legislation assumes special significance. The analysis shows that India is increasingly resorting to use of anti-dumping legislation to protect its domestic industry against unfair competition. This is resulting in retaliatory action by trading partners resulting in adverse implications on global trade. Reforms are sought in the area of simplification of agreement, treatment to developing countries, provision of time limit, role of dispute settlement mechanism among others. Nevertheless, even though it would be unrealistic to expect major changes in the anti-dumping regime in the forthcoming Round at Mexico, developing countries like India would do well to press for reform in the anti-dumping legislation. After all, even a limited progress in the pursuit of reform would be a significant step forward in the direction of free and fair trade.
A Comparison of Forecast Errors Using Technical Analysis: An Experiment with ICICI Share Prices
Authors: Mishra P.
Published: August 2011

Planners and decision makers in the present day, fast changing economic environment prefer educated guesses on the future movement of the business related variables. Forecasting of macro and micro variables are increasingly being considered necessary for the decision makers. Several forecasting methods are available and forecasting for the short term as well as long term is easily done thanks to the present development in statistical packages and high speed computers. Researchers often use forecast errors to evaluate the efficiency of the forecasting methods. The present study is an attempt in this regard. It explains the meaning and relevance of statistical/technical analysis in forecasting share prices in the stock market in the short run. Forecast has been done for the weekly share price of ICICI Bank. The results obtained using three extrapolative statistical methods have been compared with the actual share prices of ICICI Bank in the forecast period.
Employee Empowerment and Retention Strategies in Diverse Corporate Culture: A Prognostic Study
Authors: Punia B. K.
Published: August 2011

The recent times have evinced a very high degree of diversity and uncertainty in the business environment. Workplace of today witnesses the co-existence of employees from the various socio-cultural backgrounds making the corporate culture a complete diverse one. The progressive companies of today look for diverse workforce who can bring and help in managing diverse talents, interests, and viewpoints and that too in the continuously changing business environment. This diverse corporate culture has further affected the employment relations by not keeping it confined to traditional issues, rather concerns like empowerment, effectiveness, retention, development, managing cross-cultural diversity, management of gender issues, organisational learning, change management, etc. have emerged as contemporary challenges leading to new paradigms in corporate culture. The present paper attempts to address the specific contemporary challenges of employees' retention and empowerment in the light of organisational changes taking place. This paper brings to light the fact that Indian organizations are finding it difficult to retain the talent and are resorting to newer strategies of empowerment to retain the best talent.
Product Market Competence: The New Paradigm
Authors: Graver S. K.
Published: August 2011

Product is at the core of any business activity. Product is a basis for satisfying the customer needs and wants. However, strategic product decisions extend beyond the customer needs and wants; they affect the way of competing and help define the business. Most Indian firms are multi-product firms as a matter of competitive survival. The other two dimensions-the customer needs and wants, and the business definition - provide useful links to enhance such competitive dimension. The product life cycle through product rejuvenation or withdrawal might mean continual life to reap competitive benefits, or might result in demise of products. The present article attempts to determine competitive options - whether to find new market, new product and new competence, or to improve products packaging/design/positioning in the existing market, with existing product or existing competence. The combination of the two extremes brings us closer to a new paradigm for formulating, evaluating and deploying product strategies.
Review Essay
Authors: Sahay A.
Published: August 2011

Aparna Sawhney, The New Phase of Environmental Management in India, Aldershot: Ashgate, 2004, X+ 156 pp. $47.95 hard
Hotline Technologies: Competing for Local Dominance
Authors: Jayasimha K.R.
Published: August 2011

For many years, local assemblers had dominated the Indian PC industry. By the end of 2003 they still continue to hold over 50 per cent share of the overall PC market. The structural environment was characterized by the presence of large number of small assemblers. The underlying economic causes seem to favor the present structural environment.

The case is about an assembler, Hotline Technologies, based in Bangalore, India that was seeking local dominance in its geographical area of operation.
The Indian Business Scene, Challenges of Change, and Capacity-Building through People-Management Strategy
Authors: Saini Debi S.
Published: August 2011

In today's business world of chaotic high incidence of competition, managing change is one of the most critical factors for corporate success. Studies show that Indian corporate leaders of the pre-reform era have not been able to sustain their growth rate in sales and profit. They have not been able to withstand the winds of change caused by the new economic realities. Even those players who have demonstrated greater incidence of success have not been seriously considering internationalization of their businesses. This paper discusses the opportunities offered by the new economic policy (NEP) to corporates in India; some of the achievements attained by them; and the problems and challenges they face in this regard. It identifies the need for change as a corporate strategic priority. The paper argues that for organizational capacity-building for performance excellence, Indian companies need to invest in learning and benchmarking in different spheres of organizational working; and also resort to leveraging the empowerment model of human resource management (HRM) strategy as a way of organizational life.
Sex-Oriented Advertising and its Impact on Attitude of Teenagers: Application of Behaviuoral Intention Model across Product Categories
Authors: Panda Tapan K.
Published: August 2011

Use of Sex in advertising continues despite the public outcry against it. Exposing mature adults to sex based advertising often invites lesser criticism compared to advertising that targets teenagers. Its use in advertising is no more confined to adult programs on television or adult literature; its consequences are far reaching in the context of exposure through mass media. Although some level of sex content might help in selling, the real questions are: how much sex content is appropriate; when is the use of such content appropriate, and for which target audience. The present research aims to explore some of these questions through consumer data in which teenagers are shown a series of print and television advertisements with different degree of sex content for different product categories. This paper attempts to find out the effectiveness of sex based advertising on the overall attitude and behavioural intention of respondents by application of Fishbien Behavioural Intention Model. The paper tries to find out the relationship between the use of sex content in advertisements for commercial and non-commercial product category at different levels of depiction and behavioural intention towards product categories. The results show that the respondents find sex-content based advertisement to be in bad taste in the context of family setting and there is a relatively moderating effect on the behavioural intention of consumers upon exposure to commercial product advertisements.
India, China and ASEAN: Strategic Trade Engagement
Authors: Agrawal Raj
Published: August 2011

Growing economic engagement among India, China and ASEAN nations are strategically important impetus for increasing regional cooperation in Asia. China, India and ASEAN should recognize that much of the future growth in the region could come from within, given the success of other regional trading blocs such as NAFTA and the EU. China, India and ASEAN form a huge market that is growing faster than any other region in the world. China, India and ASEAN, as regional trade partners offer a huge and attractive, geographically contiguous market, of more than 3.9 billion people. This provides a compelling rationale for strengthening the business relationships among China, India and ASEAN. The Asian region combines the fastest growing economies in the world. This paper is an attempt to explore substantial profitable opportunities among India, China and ASEAN countries by identifying the sector-specific opportunities that can drive trade and investment flows among these countries and by formulating the key strategic issues for the promotion of trade and investment in this region.
Achieving Inter-Gender Communication Effectiveness in Organizations
Authors: Gaur Shubhra P.
Published: August 2011

At the beginning of the 21st century, we have before us a complex and contradictory picture of organisations from the viewpoint of gender equality. On the one hand we find that the gender divisions at workplace are diminishing while on the other hand, familiar issues still persist—inequalities, under-representation in the upper echelons and over-representation in the lower. Irrespective of the contradictions in the picture, the business reality today is that there are enormous economic pressures and increasingly large number of women in the workforce. Thus it is imperative that men and women work together for achieving organisational goals and one of the critical requirements for which is effective inter-gender communication. Against this backdrop, the paper presents a model to understand the manifestation of gender stereotypes on inter-gender communication in organizations and discusses the impact of these manifestations for organizational effectiveness. The model is based on the findings of three inter-related empirical studies conducted by the author.
Institutional Climate Audit from Communication Perspective with Reference to the Select IT Institutions: An Empirical Study
Authors: Jain Ravindra , Chatterjee Rajat
Published: August 2011

A favourable institutional climate not only shapes personality traits, positive attitudes and abilities related to creative intelligence but it also profoundly affects their behaviours. The following are the key characteristics of favourable institutional climate: An open culture where effective communication in all directions is ensured; a live environment where open-ended activities are going-on with the active involvement of both students and faculty; an encouraging milieu in which creativity and innovativeness flourish; a positive atmosphere in which informal interaction, collaboration for mutual development and experimentation for learning is promoted; a learning climate in which opportunities for the students to have mutually satisfying interactions with the relevant experts and practicing professionals are available; and a favourable setting where learning is reinforced by the system and practice of active reception, supportive feedback and timely appreciation of favourable results. In order to check to what extent the climates in the selected IT institutions incorporate such characteristics therein, the present empirical study had been carried out and ended with the finding of by and large moderate degree of such climates prevail in the selected institutions.
Clear Mind Communicates Clearly
Authors: Chaturvedi Mukesh
Published: August 2011

The paper submits that a manager knows that his written communication must convey exactly and be understood exactly. It should also be responded to as desired. The entire concern of his writing is to see he gets it right. But, not many managers would be so gifted that they produce the first draft of their communication so good that there is no need to change it. In fact, few persons think so precisely and logically that a direct transcription of their ideas would make a purposeful communication. Only through a series of changes in language, tone, and ideas, a person is able to produce a good draft. As he reworks his style of writing, he keeps rethinking his ideas as well. The two processes go on together. The effort is to say what he means, and means what he says. But, how? The paper shows how this could be best understood through an analysis of a concrete case of writing, revising, and rewriting a memo until an effective draft is ready to be released.
Modelling the Growth of Mobile Telephony Services in India
Authors: Sridhar V.
Published: August 2011

Quick deployments, competition, advancement in technologies and reduced cost of access have propelled the growth of mobile services in India. Predicting growth of subscriber base is critical for service providers so that they can plan their network investments accordingly. Accurate forecast of subscriber base will also help policy makers and regulators to formulate appropriate policies and guidelines for sustainable growth of mobile services. It is the objective of the study to forecast better the penetration of mobile services. We demonstrate the use of internal influence based logistic model and constant rate exponential model for predicting growth of mobile services. We indicate that though these models forecast with reasonable amount of accuracy the early stages of mobile service diffusion in the country as we are currently witnessing, comprehensive models which take into consideration various external factors that affect growth of the sector need to be developed.
Visionary Leadership: A Survey of Literature and Case Study of Dr A. P. J. Abdul Kalam at Drdl
Authors: Dwivedi R. S.
Published: August 2011

Visionary leadership has emerged as a key determinant of corporate survival, success and growth in today's turbulent environment. Successful leaders of the 21st century have the capacity to create vision and also translate it into reality. Visionary leadership is transformative and based on the power of inspiration. It is characterized by: a commitment to core spiritual values, with a clear vision, respect for empowering relationship, followed by courageous and innovative action. From an Indian perspective, it is marked by an act of leading from the front, benevolence from within, respectful pluralism, continuous introspection and focus on legacy. It involves a dynamic, interactive process.

As a visionary leader, Dr. A. P. J. Abdul Kalam substantially changed the organizational climate of DRDL prior to launching Integrated Guided Missile Development Programme (IGMDP) using effective communication and providing clear direction to the various teams involved. Later on, a highly performing climate emerged, when he used further indigenous techniques to manage technology for accomplishing outstanding performance. The techniques used were technology-oriented structure, search for capable project leaders, Science Council (Panchayat), collaborative (partnership) effort, transformation of organizational dynamics by empowering scientists, motivation, etc. The outstanding success of DRDL is evidenced by the fact that the country acquired the capability of making five state-of-the-art missile systems in record time. The visionary leadership style of Dr. Kalam is comparable to that of George Washington, the founding father of the USA, having far-reaching implications for the guidance of new age leaders engaged in developmental tasks globally.
An Analysis of the Dynamics of Information Risk in Supply Chains of Select SME Clusters
Authors: Faisal Mohd Nishat , Banwetm D. K. , Shankar Ravi
Published: August 2011

Virtual integration of supply chains is on the agenda of most organizations as there is a growing need to reduce inventories at each echelon to maximize the value for the ultimate customer. In this context, information has emerged as the most important asset to create competitive advantage. Thus availability of correct and timely information to all the partners of supply chain is an imperative achieved through the adoption of the latest IT tools. But along with the advantages of IT enablement, there are also risks which, if not tackled properly, can bring the whole supply chain to a halt. The purpose of this paper is to understand various information risks from a supply chain perspective. Case study method is applied to three small and medium enterprises (SMEs) clusters in India to understand how these information risks could impact the supply chain. Further using Interpretive Structural Modelling (ISM,) a hierarchy of enablers for information risks mitigation is developed. This helps focus on those areas that are most effective for minimizing information risks in a supply chain.
Deakins India Pvt. Ltd.: Human Resource Issues in a Small-Scale Unit
Authors: Saini Debi S.
Published: August 2011

Deakins was a Delhi-based leather garments manufacturing small-scale enterprise (SME), which operated exclusively in the exports sector by employing mostly piece-rated workers. The company had recently begun facing severe competition from the Chinese. It noticed threats on the employee relations front too. It did not have any system of formal training. The company's two directors were aware of the need for change of mindsets and professionalism even as they were diametrically opposite in their management style—while one was considerate and paternalistic, the other believed in control and discipline. The former's style enabled the company to use its “loyal workers” in diluting the designs of the outsider union activists so far. The company did not strictly follow many of the labour laws applicable to its workers. It was exploring ways for competing with the Chinese. It noticed that some Indian competitors had established themselves in European market where the influence of Chinese suppliers in these products was negligible. Some had recently left for China to set up joint ventures there with the Chinese operators; some others had gone into production of high-quality customized leather garments. The two directors were wondering what strategies and styles should be adopted by them to continue to remain and grow in business in view of the current crisis. They were exploring whether the company's business model and people-management policies needed any change. They were also asking whether there was any relationship between people management issues and employee relations dynamics
Market Orientation and Business Performance: The Case of Indian Manufacturing Firms>
Authors: Jain Sanjay K. , Bhatia Manju
Published: August 2011

Market orientation has come to be recognized as a key concept in marketing literature. Researches in other countries point to the presence of a positive relationship between market orientation and business performance. In the Indian context, however, little evidence exists to demonstrate that market orientation is an activity worth pursuing by the business firms. Based on an empirical investigation, the present paper reports a strong relationship existing between market orientation and various financial and non-financial measures of business performance among manufacturing firms in India. Adjusting for the effects of various moderating and control variables, the authors find this relationship to be holding true, irrespective of market conditions. The obvious managerial implication of the study is that it is worth investing resources in making organizations more market-oriented as all this gets amply paid by way of superior business performance
Marketing of Library and Information Services: A Strategic Perspective
Authors: Jose Antony , Bhat Ishwara
Published: August 2011

In today's knowledge economy, library and information services are viewed as saleable products. More importantly, libraries have started treating their users as ‘customers.’ The paper analyzes the need for marketing of library and information services (LIS). It discusses the strategic planning required for LIS marketing. This conceptual paper also attempts to analyze the extended marketing mix or ‘seven Ps’ in the context of LIS marketing.
ICT Education and Training Services: Current Scenario and Future Prospects in India
Authors: Jain Ravindra , Agrawal Richa
Published: August 2011

In the current decade, there has been a tremendous growth of ICT & ITES industry worldwide and India has an impressive presence in the world trade of ICT & ITES. Indian ICT industry is a fast growing industry in terms of its annual growth in production, domestic market share, export, offshore outsourcing and investment. As a result, Indian ICT industry requires a large number of well-qualified and well-trained ICT professionals of all categories. However, a huge gap between the demand and supply of manpower currently exists. In order to narrow down such a gap, ICT education & training system needs to play a crucial role. Further, looking at the worldwide considerable growth of ICT/ITES demand, ICT training may be considered as a potential area to which India can diversify largely and where ICT can leverage to gain competitive edge over its overseas rivals. Though, India has all round favourable climate; system maturity and wide network for ICT education & training; however, such a system suffers from the deficiencies like insufficient investment by the concerned stakeholders, shortage of competent core faculty, little collaboration between academics and user-industries, infrequently up-gradation of course-curriculum, focus on mass higher education with less consideration to quality, liberal evaluation of the academic institutions for quality accreditation, lack of initiatives on the part of the Indian corporates and institutional climate dominated by the dependency motive. This paper presents current status of ICT industry as well as of ICT education & training (E & T) system incorporating the issues mentioned above. It also gives future projections regarding the same, overviews the practices pertaining to E & T in ICT, indicates towards the deficiencies in the said system & practices. Finally, the paper ends with a few suggestions that are relevant for system improvement.
Corporate Philanthropy: A Study of Consumer Perceptions
Authors: Rampal Megha , Bawa Anupam
Published: August 2011

The purpose of this research is to examine the perceptions that consumers have about corporate philanthropy and to determine the similarity or differences in perception across different socio demographic groups. Perceptions have been examined with the help of the model of information processing for consumer decision making.

This research assumes importance because of lack of similar research in India and the likelihood of increasing corporate philanthropy in India. Data was collected from 102 respondents selected randomly through multistage area sampling. Nine hypotheses were tested. In addition answers were sought to two research questions.

The study reveals that while the Indian consumers perceive corporate philanthropy to be important they attach more importance to quality, price and brand popularity than to corporate philanthropy. The interpretation of corporate philanthropic activities is mixed. The motive for corporate philanthropy is largely perceived to be self interest although on some counts corporate philanthropy leads to gain in reputation. Corporate philanthropy is not likely to translate into greater patronage from consumers. The perceptions of different socio demographic groups are largely similar.

While the communication of corporate philanthropic efforts needs to be improved the corporate philanthropic efforts themselves may be designed keeping in mind people's preference for progressive and secular issues.
Innovations and Evolution of Software SMEs: Exploring the Trajectories for Sustainable Growth
Authors: Nirjar Abhishek
Published: August 2011

This paper aims to understand the role of innovativeness in ensuring the sustained performance of entrepreneurial enterprises. The paper is set in the high technology industry and focuses on the Indian small and medium sized enterprises engaged in software development. Based on the options of growth available to firms in the software sector, the paper sets out to present a model of evolution for indicating the stages of firms' growth vis-à-vis its innovative capability.

The innovation capability of the firm is being represented by an ‘index of innovativeness’ which is derived from data on measures of firm innovativeness collected through a questionnaire survey of 244 software firms across India. The dimensions of technological growth adopted in this research are concerned with performing technologically more complex tasks by means of (i) moving up the software value ladder and/or (ii) by entering new industry sectors. The model and index can be utilised for further studies on high technology firms.
An Interaction in Original
Authors: Chaturvedi Niraj Kr.
Published: August 2011

The joint venture concern of a collaboration of two companies hires a new HR Manager The former company is an Indian concern dealing in the transportation sector and the later on deals on international logistics. This joint venture provides logistics services to an automobile concern from Japan. An email from Officer EXIM to the HR Manager of the company leads to the initiative of an interaction that involves all staffs from top to bottom hence a general meeting is called. The issues are of haphazard work conditions in the venture and the souring relationship of a senior staff with his junior counterpart. More importantly, besides looking into the arenas to initiate cordial work atmosphere, behaviour traits too are discussed. It is focused that seniors should maintain the decorum and the juniors should accept their responsibilities and work accordingly. The emphasis is ‘seniors must not talk loosely’ whatever the circumstances are in the organisation. An organisation sustains upon respecting the sentiments and potentials of every worker from top to the bottom. The interaction ends, and the yearly appraisals, a year later, yields the results - an outcome of cordial behaviour and self respect.
Price Performance following Share Buyback Announcements in India
Authors: Hyderabad R. L.
Published: August 2011

Share buy backs, also known as share repurchases in the West, were permitted in India in 1998 through a change in the provisions of the Companies Act, 1956. This method is used for several purposes; prominent amongst them is correcting market undervaluation. Several studies in the US have tested the market correction ability of buy backs by computing abnormal returns. The studies have found an average announcement return of 3 percent to 3.5 percent. Such positive reactions are also observed in the UK and other European countries. The present study is an attempt to test the signaling ability of buy backs in the Indian context. Taking a sample of 68 buy back announcements for which complete information was available, the study computes event returns both method-wise and year-wise over several window periods. The analysis shows that average abnormal return (AAR) on the date of announcement is 2.83 percent while cumulative abnormal return (CAR) is about 6 percent on the announcement date with an overall CAR 5.16 percent for 41-day event window. The market reaction in India is relatively higher than what the studies in the US and the UK have found, indicating that Indian capital markets are more undervalued and there is a greater degree of information asymmetry. The study also analyses the year-wise movement in AAR and CAR and observes that CAR is lower in years of both lower and higher number buyback announcements. This independence of CAR to number of buyback announcements indicates that CAR is explained by some other factors. An analysis of methods of buyback shows that open market repurchases have greater signaling ability than the fixed price tender offers in the Indian context, contradicting what the US studies have found.
Consumer Evaluation of Brand Extensions: An Empirical Assessment in the Indian Context
Authors: Bapat Dhananjay , Panwar J. S.
Published: August 2011

Marketers are increasingly leveraging the strength of Brand to enter into various product categories. Using an extensive survey, the authors examine the evaluation of brand extensions for real brands in hypothetical product categories. Comparison of success evaluation is obtained for the following products: Lux and Nirma brands into deodorant, Amul and Maggi brands into potato chips; LIC and Reliance into banking sector; Tata Motors (four wheeler) venturing into bikes (two wheeler); and Bajaj Auto Limited (two wheeler) entering in car. The findings show that extensions into similar categories tend to be more readily accepted. These findings are consistent across various product and service categories. Based on regression analysis, the study identifies brand relevance success factors. The findings indicate that success of brand extensions depends not only on strong parent brand associations but also on extendable category borrowed brand association.
A Survey of Capital Budgeting Practices in Corporate India
Authors: Verma Satish , Gupta Sanjeev , Batra Roopali
Published: August 2011

The present study aims to unveil the status of capital budgeting in India particularly after the advent of full-fledged globalisation and in the era of cutthroat competition, where companies are being exposed to various degrees of risk. For the above objective a comprehensive primary survey was conducted of 30 CFOs/CEOs of manufacturing companies in India, so as to find out which capital budgeting techniques is more preferred, discounted or non-discounted. The study also aims at examining the capital budgeting methods used for incorporating risk in investment proposals. It further endeavours to evaluate the impact of different factors or variables on the selection of a particular capital budgeting technique. For example, it was investigated that whether there exists any relationship between a size of company's capital budget and the method of capital budgeting adopted by it. Similarly it was discovered that is there any systematic relationship between different company related factors like age of a company, CEO education/qualification and the capital budgeting method adopted by it.
Stock Market Behaviour: Evidences from Indian Market
Authors: Mittal Satish K. , Jain Sonal
Published: August 2011

Market efficiency has always been the concern of market regulators, investors, and researchers. Market efficiency tests showed different and mixed evidences in the developing markets. The present study deals with the testing of weak form of efficiency and the efficient market hypothesis on Indian stock market in the form of random walk, during the period of 2007–2008 based on closing prices and daily returns on the Indian stock market three representative indices: S&P CNX 500, CNX 100, and BSE 200. The paper discusses and examines three types of anomalies namely Monday Effect, Friday Effect and Day of the Week effect. The findings of this study bring out that none of the above anomalies exist in the Indian stock market as information ally efficient. Serial correlation and run test also support the Random Walk Theory and market efficiency hypothesis.
The Influence of Work Motivation on Emotional Intelligence and Team Effectiveness Relationship
Authors: Othman Abdul Kadir , Abdullah Hazman Shah , Ahmad Jasmine
Published: August 2011

Empirical evidence on the role of Emotional Intelligence (EI) in service providers' team role effectiveness is inconclusive despite the obvious conceptual link. The purpose of this paper is to look into the moderating effect of work motivation on the relationship between EI factors (Self Emotional Appraisal, Others' Emotion Appraisal, Regulation of Emotion, and Use of Emotion) and team role effectiveness. Analyses of 167 responses from service providers and their superiors revealed that the interactions between work motivation and Self Emotional Appraisal (SEA) and between work motivation and Others' Emotional Appraisal (OEA) have significant affect on service providers' team role effectiveness. The effect of SEA on team role effectiveness is positive for those with low work motivation while for the high work motivation group, the effect is initially positive but turns negative at high SEA levels. The effect of OEA on team role effectiveness is higher for low work motivation group and for both low and high motivation groups, the moderation effect is positive at the low to moderate levels of OEA but becomes negative at high levels of OEA. The findings indicate that the effect of SEA and OEA on service provider's team role effectiveness is moderated by work motivation, the effect is complex and counter-intuitive. Implications for managerial practices and future research are discussed.
Women Empowerment through Transformational Leadership: Case of Satya Jyoti
Authors: Mukherji Shoma , Jain Neera
Published: August 2011

This case was undertaken to explore how the efforts of a woman who was seeking an alternative lifestyle embedded in the sustainable living resulted in the empowerment of a group of destitute women. This model could perhaps be adopted by other persons and groups as well to bring about the transformation in the society thereby resulting into a social and economic development. The case describes the power of transformational leaders and looks at what leaders can do and achieve for the community, with their limited resources.
Confirmatory Study on Brand Equity and Brand Loyalty: A Special Look at the Impact of Attitudinal and Behavioural Loyalty
Authors: Chahal Hardeep , Bala Madhu
Published: August 2011

The purpose of the study is to examine relationships between brand equity and brand loyalty (comprising attitudinal and behavioural) which is not well explained in the marketing literature. Should brand loyalty be considered as dimension of brand equity or an outcome of brand equity or as a moderating factor that acts as a mediator between attitudinal loyalty and behavioural loyalty need to be confirmed? The present research is pursued to confirm such relationships. A total sample of 300 respondents was selected from Jammu city in India to gather data on brand loyalty and brand equity from the users of Jammu healthcare services. Scale-item analysis, both EFA and CFA analysis were applied for finalisation of scale and model testing respectively. The findings of the study support all three hypotheses i.e. brand equity is the resultant factor of attitudinal loyalty and results in behavioural loyalty (Model 1), brand loyalty viz. both attitudinal loyalty and behavioural loyalty can be considered as an indicator as well as an outcome of brand equity in healthcare sector (Model 2 and Model 3). Major limitation of the study is the use of convenient sampling since no comprehensive and proper list was available for the persons residing in Jammu city. But at the same time respondents selected were appropriate as they have adequate knowledge about hospitals, being associated with them for more than one year.
Displaying Employees’ Organisational Citizenship Behaviour at the Workplace: The Impact of Superior's Emotional Intelligence and Moderating Impact of Leader - Member Exchange
Authors: Yunus Noorlaila Hj. , Ishak Noormala Amir , Mustapha Raja Munirah Raja , Othman Abdul Kadir
Published: August 2011

The aim of this study is to examine the impact of superior's emotional intelligence (EI) and leader-member exchange (LMX) on organisational citizenship behaviour (OCB). Using a sample of 200 supervisor-subordinates dyads working in four financial institutions located in Klang Valley, Malaysia, this study hypothesised that emotional intelligence and leader-member exchange would have a stronger relationship to organisational citizenship behaviour. The results revealed that use of emotions (UOE), other's emotions appraisal (OEA), and regulation of emotion (ROE) were the dimensions of emotional intelligence to predict employee organisational citizenship behaviour. Both UOE and OEA shared the same findings with 52.7% of the variance on conscientiousness respectively. On the other hand, OEA was also found to be significantly influencing sportsmanship with only 6.3% of the variance and ROE was found to predict civic virtue with 26.7% of the variance. Meanwhile, LMX of subordinates was found to moderate the relationships between only one EI dimension and OCB-civic virtue. A difference between male and female emotional intelligence and organisational citizenship behaviour were also analysed. Future research and practical implications are also discussed.
Employer Brand for Talent Acquisition: An Exploration towards its Measurement
Authors: Srivastava Pallavi , Bhatnagar Jyotsna
Published: August 2011

This paper addresses the concerns associated with talent acquisition and how employer brand can overcome some of them. Based on the literature review and supported with the first stage sequential mixed method exploratory research, the paper summarises and aggregates the results of a pilot study conducted on a section of prospective employees of India. The study contributes to the sparse academic and empirical work on employer branding. The empirical results are initial steps towards the development of a scale for measuring employer brand in a later stage. The current study will further facilitate development of the unique employee value proposition based on the person-need fit of talent. The research is based in an Indian setting which makes it all the more relevant in current economic scenario. The paper concludes with theoretical and practical implications followed by directions for the future research.
Factors Supporting Corporate Entrepreneurship: An Exploratory Study
Authors: Srivastava Nidhi , Agrawal Anand
Published: August 2011

This study aims at exploring the factors supporting corporate entrepreneurs hip as perceived by the employees. A pool of variables was formed and refined using literature survey. The questionnaire designed from this pool was administered to the managers of three firms having a successful record of corporate entrepreneur ship. The data analysis suggests four dimensions supporting corporate entrepreneurship - organisational system, team spirit, leaders' support and empowerment. The results further suggest that firms need not to overemphasise rewards and freedom to employee, rather strive to create a supportive organisational structure along with a collaborative work environment and support from leaders in the entrepreneurial initiatives. The implications of the study and future research directions are also discussed in this paper.
Analysis of Investment Behaviour during Recovery Phase among Youth Investors of Indian Stock Market
Authors: Shah Mrinalini , Verma Anurag
Published: August 2011

The world has seen the worst recession of the century. As per a study (2010), youth from the age group of 25–35 years is the second highest earning population of India. High disposable income and less family responsibility make the youth segment a careless investor. The study is an attempt to investigate the behavioural aspect of Indian youth investors during recovery phase of Indian stock market. The study investigates the impact of demographics on sources of information collection. The article explores the portfolio of investors during recession and recovery phase and tries to find the difference between the two. Based on the behavioural aspect youth investors are divided into groups (clusters), which may help the companies/financial institutions to strategize themselves for attracting prospective investors in company shares and decide the mode of communication for them.
Culture: The Forgotten Factor in Human Resource Management
Authors: Mendonca Manuel , Kanungo Rabindra N. , Aycan Zeynep
Published: August 2011

This paper emphasizes the need to understand the precise way in which culture influences the effectiveness of the organisation's human resource management (HRM) practices. For this purpose, it first describes the findings of a series of conceptual and empirical studies that explain why a set of HRM practices might be effective in one societal culture and not in another. The paper explores the practical implications of these findings for the design of performance management - a most critical activity in managing human resources. It proposes practical strategies to tailor this activity to fit the societal and work cultures of most of the countries with emerging markets - referred to in this paper as emerging countries.
Attitude of Indian Business Executives towards Managerial Decision Making
Authors: Singh Deepali , Varshney J. C.
Published: August 2011

Effective and productive decisions are the mechanisms through which an organisation reduces the gap between actual and desired states, reaches new heights and indicates its present growth and success. As decision makers are constantly faced with complex, critical and challenging problems, business executives have to value and emphasise the process of decision making, acquaint themselves with adequate knowledge and facts, possess high degree of positive attitude towards importance of managerial decision making and problem solving capabilities.

This paper examines the attitude of Indian business executives towards Executive Decision Making, compares the attitude of top and middle level executives, analyses reasons for the differences and suggests the measures to reduce this gap.
Managing Offshore Branch Campuses
Authors: Shams Farshid , Huisman Jeroen
Published: August 2011

The aim of this article is to develop a framework that encapsulates the key managerial complexities of running offshore branch campuses. In the transnational higher education (TNHE) literature, several managerial ramifications and impediments have been addressed by scholars and practitioners. However, the strands of the literature are highly scattered and not addressing the issues coherently and consistently. Therefore, in the first section of this article, we review the literature and highlight this fragmentation. In the second section, we borrow and explore a paradigm from the strategic management literature, known as the dichotomy of global integration (I) versus local responsiveness (R). This paradigm leads us to construct a multidimensional framework that proposes a perceptive insight into the field by reframing, reconceptualizing, and synthesizing the managerial complexities from a strategic perspective. It also highlights the hazards of taking polarized strategic stances (global integration or local responsiveness); the analysis suggests a “both-and” approach. We argue that the framework could be used as an analytical tool for TNHE institutions to reflect on their positions and potential change strategies.
Comparison of two commercial enzyme-linked immunosorbent assays for detection of Influenza A virus antibodies
Authors: Lebarbenchon Camille , Brown Justin D. , Luttrell M. Page , Stallknecht David E.
Published: August 2011

Serologic tools for Influenza A virus (FLUAV) antibody testing of wild birds are currently limited. In the present study, 2 commercial enzyme-linked immunosorbent assays (ELISAs) for detection of FLUAV antibodies, the IDEXX AI MultiS-Screen Ab Test and the ID VET ID Screen Influenza A Antibody Competition, were compared. Sera obtained from mallards ( Anas platyrhynchos), experimentally infected with 8 FLUAV subtypes (N = 48), and field serum samples, collected from 11 wild bird species (N = 247), were tested. Overall, a substantial agreement was obtained between the 2 assays as applied to both experimental (86.5% agreement, κ = 0.69) and field samples (89.9% agreement, κ = 0.78). Based on the current study, doubtful results obtained with the ID VET assay should be re-tested to confirm their antibody status. Additionally, increasing the incubation period for the ID VET assay increases the test sensitivity but also increases the likelihood of generating false-positive results. Overall, it is concluded that the 2 ELISAs can be used for FLUAV antibody screening in wild birds and that the sensitivity of the ID VET assay can be increased with slight modifications of the manufacturer’s instructions.