Pub Date : 2015-01-01DOI: 10.1016/j.psrb.2015.12.001
K.S. Reddy , En Xie , Rajat Agrawal
This paper aims to revisit and reinforce the early development of Farmers Fox Theory (Reddy et al., 2014a) by analysing three cases in the cross-border inbound acquisitions stream. A qualitative case method is adopted to explore the findings from the sample cases, which are the Vodafone–Hutchison telecom deal, the Bharti Airtel–MTN broken telecom deal, and the Vedanta–Cairn India oil deal. We highlight discussions on organizational factors, due diligence issues, deal characteristics, and country-specific determinants. Importantly, we test various theories propounded in the economics and management literature, and establish an interdisciplinary setting to both redefine the theory and reframe the propositions. The study eventually suggests that government officials' erratic nature and the ruling political party's influence were found to be severe in foreign inward deals characterized by a higher bid value, a listed target company, cash payments, and stronger government control in the industry. The findings of this research not only help researchers in strategy and international business but also managers participating in cross-border negotiations.
{"title":"Revisiting and reinforcing the Farmers Fox Theory: A study (test) of three cases of cross-border inbound acquisition transactions","authors":"K.S. Reddy , En Xie , Rajat Agrawal","doi":"10.1016/j.psrb.2015.12.001","DOIUrl":"10.1016/j.psrb.2015.12.001","url":null,"abstract":"<div><p>This paper aims to revisit and reinforce the early development of <em>Farmers Fox Theory</em> (Reddy et al., 2014a) by analysing three cases in the cross-border inbound acquisitions stream. A qualitative case method is adopted to explore the findings from the sample cases, which are the Vodafone–Hutchison telecom deal, the Bharti Airtel–MTN broken telecom deal, and the Vedanta–Cairn India oil deal. We highlight discussions on organizational factors, due diligence issues, deal characteristics, and country-specific determinants. Importantly, we test various theories propounded in the economics and management literature, and establish an interdisciplinary setting to both redefine the theory and reframe the propositions. The study eventually suggests that government officials' erratic nature and the ruling political party's influence were found to be severe in foreign inward deals characterized by a higher bid value, a listed target company, cash payments, and stronger government control in the industry. The findings of this research not only help researchers in strategy and international business but also managers participating in cross-border negotiations.</p></div>","PeriodicalId":101000,"journal":{"name":"Pacific Science Review B: Humanities and Social Sciences","volume":"1 1","pages":"Pages 22-44"},"PeriodicalIF":0.0,"publicationDate":"2015-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.psrb.2015.12.001","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75959489","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2015-01-01DOI: 10.1016/j.psrb.2016.02.001
Kottala Sri Yogi
This research paper investigates the level of product quality based on the dimensions of quality. Customers' priorities when purchasing a two wheeler have been analysed for different manufacturers using a structured questionnaire. This study uses both an empirical and a fuzzy logic approach to accomplish the research objectives. Among the different brands that are available in the Indian two wheeler market, customers have given priority to high trade-in value, power to climb hilly areas, ease of modification, availability of many accessories, and high pick up during overtaking. This research highlights the effect of high trade value on performance, an effective braking system effect on reliability, and engine life on durability; among two wheeler customers, a two wheeler's conformance to specifications has a positive relationship with lower maintenance during the purchasing process. This study has proposed a framework for product quality and purchasing strategies for customers when buying two wheelers that takes into account the factors affecting the purchase of two wheelers in the Indian market.
{"title":"An empirical and fuzzy logic approach to product quality and purchase intention of customers in two wheelers","authors":"Kottala Sri Yogi","doi":"10.1016/j.psrb.2016.02.001","DOIUrl":"10.1016/j.psrb.2016.02.001","url":null,"abstract":"<div><p>This research paper investigates the level of product quality based on the dimensions of quality. Customers' priorities when purchasing a two wheeler have been analysed for different manufacturers using a structured questionnaire. This study uses both an empirical and a fuzzy logic approach to accomplish the research objectives. Among the different brands that are available in the Indian two wheeler market, customers have given priority to high trade-in value, power to climb hilly areas, ease of modification, availability of many accessories, and high pick up during overtaking. This research highlights the effect of high trade value on performance, an effective braking system effect on reliability, and engine life on durability; among two wheeler customers, a two wheeler's conformance to specifications has a positive relationship with lower maintenance during the purchasing process. This study has proposed a framework for product quality and purchasing strategies for customers when buying two wheelers that takes into account the factors affecting the purchase of two wheelers in the Indian market.</p></div>","PeriodicalId":101000,"journal":{"name":"Pacific Science Review B: Humanities and Social Sciences","volume":"1 1","pages":"Pages 57-69"},"PeriodicalIF":0.0,"publicationDate":"2015-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.psrb.2016.02.001","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74513172","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2015-01-01DOI: 10.1016/j.psrb.2015.11.002
Shib Sankar Sana , Shibaji Panda , Nikunja Mohan Modak
The paper addresses an inventory model of pharmaceutical products where the demand rate of the customers increases with the volume of the initiatives of the sales team. In this model, the deterioration of the product varies depending on on-hand inventory. The volume of sales team initiatives is a control variable. It is dependent on on-hand inventory and vice versa. The profit function of the farm is formulated by the trading of inventory costs, purchasing costs, losses due to deterioration and sales team initiative costs, considering inflation and the time value of the monetary cost and profit parameters. Finally, the profit function is maximized by a variation of the calculus method. A numerical example is given to justify our model.
{"title":"Optimal replenishment and sales team initiatives for pharmaceutical products – A mathematical model","authors":"Shib Sankar Sana , Shibaji Panda , Nikunja Mohan Modak","doi":"10.1016/j.psrb.2015.11.002","DOIUrl":"10.1016/j.psrb.2015.11.002","url":null,"abstract":"<div><p>The paper addresses an inventory model of pharmaceutical products where the demand rate of the customers increases with the volume of the initiatives of the sales team. In this model, the deterioration of the product varies depending on on-hand inventory. The volume of sales team initiatives is a control variable. It is dependent on on-hand inventory and vice versa. The profit function of the farm is formulated by the trading of inventory costs, purchasing costs, losses due to deterioration and sales team initiative costs, considering inflation and the time value of the monetary cost and profit parameters. Finally, the profit function is maximized by a variation of the calculus method. A numerical example is given to justify our model.</p></div>","PeriodicalId":101000,"journal":{"name":"Pacific Science Review B: Humanities and Social Sciences","volume":"1 1","pages":"Pages 15-21"},"PeriodicalIF":0.0,"publicationDate":"2015-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.psrb.2015.11.002","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72435233","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2015-01-01DOI: 10.1016/j.psrb.2016.01.001
Khalid Zaman
Globally, the rules and regulations of higher education are for the betterment of economies and social uplift. The objective of this study is to develop a link between governance indicators and educational outcomes, particularly in relation to the internationalization of our universities. The current study proposes a framework for the internationalization of universities using three broad categories of governance indicators, i.e., political governance, economic governance and an institutional dimension of governance; these three categories are accompanied by six educational factors: higher education expenditures, higher education enrolment, higher education expenditures per student, literacy rate, research & development expenditures and economic growth during the period of 1996–2012. The panel fixed effect model is employed for estimating the possible links between governance indicators and educational outcomes. The results reveal that governance indicators act as a strong contributor for increasing educational effects, which further assist in formulating the policies towards the internationalization of universities. It is concluded that greater Voice and Accountability, political stability, government effectiveness, regulatory quality, rule of law and control of corruption enhance educational outcomes, which ultimately benefit the major regions of the world that have internationalized their universities.
{"title":"Quality guidelines for good governance in higher education across the globe","authors":"Khalid Zaman","doi":"10.1016/j.psrb.2016.01.001","DOIUrl":"10.1016/j.psrb.2016.01.001","url":null,"abstract":"<div><p>Globally, the rules and regulations of higher education are for the betterment of economies and social uplift. The objective of this study is to develop a link between governance indicators and educational outcomes, particularly in relation to the internationalization of our universities. The current study proposes a framework for the internationalization of universities using three broad categories of governance indicators, i.e., political governance, economic governance and an institutional dimension of governance; these three categories are accompanied by six educational factors: higher education expenditures, higher education enrolment, higher education expenditures per student, literacy rate, research & development expenditures and economic growth during the period of 1996–2012. The panel fixed effect model is employed for estimating the possible links between governance indicators and educational outcomes. The results reveal that governance indicators act as a strong contributor for increasing educational effects, which further assist in formulating the policies towards the internationalization of universities. It is concluded that greater Voice and Accountability, political stability, government effectiveness, regulatory quality, rule of law and control of corruption enhance educational outcomes, which ultimately benefit the major regions of the world that have internationalized their universities.</p></div>","PeriodicalId":101000,"journal":{"name":"Pacific Science Review B: Humanities and Social Sciences","volume":"1 1","pages":"Pages 1-7"},"PeriodicalIF":0.0,"publicationDate":"2015-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.psrb.2016.01.001","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84173271","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2015-01-01DOI: 10.1016/j.psrb.2015.12.002
Sharda Haryani , Bharti Motwani
Advancements in communication technology have given rise to the evolution of a new electronic form of word-of-mouth publicity i.e., viral marketing communication. Internet induced viral marketing is a highly effective tool available to marketers today. Online marketing has been used by various organizations via platforms, such as blogs, company websites, and social networking sites. Online marketing is helping organizations to grow their business by adopting strategies to reach out to their customers. Such marketing can be used to generate brand awareness among large populations in a short span of time; in addition, consumers can refer brands to others. Word of mouth publicity can be a powerful factor to influence the purchasing decision of customers. This paper is an attempt to predict the buying intention of consumers as a result of internet induced viral marketing techniques. The study was performed on primary data collected through self-structured questionnaire based on a five-point Likert Scale. Non-probability judgemental sampling was used. Discriminate analysis was performed using statistical software SPSS 16.0. The study determines the important factors that predict customer buying behaviour. Marketing managers should understand these factors and appropriately target the customer. Appropriate use of these factors can help the managers' businesses flourish. In this study, we found that the factors immense efficacy, professed security and escalating brand were significant predictors of the consumer's buying intention.
{"title":"Discriminant model for online viral marketing influencing consumers behavioural intention","authors":"Sharda Haryani , Bharti Motwani","doi":"10.1016/j.psrb.2015.12.002","DOIUrl":"10.1016/j.psrb.2015.12.002","url":null,"abstract":"<div><p>Advancements in communication technology have given rise to the evolution of a new electronic form of word-of-mouth publicity i.e., viral marketing communication. Internet induced viral marketing is a highly effective tool available to marketers today. Online marketing has been used by various organizations via platforms, such as blogs, company websites, and social networking sites. Online marketing is helping organizations to grow their business by adopting strategies to reach out to their customers. Such marketing can be used to generate brand awareness among large populations in a short span of time; in addition, consumers can refer brands to others. Word of mouth publicity can be a powerful factor to influence the purchasing decision of customers. This paper is an attempt to predict the buying intention of consumers as a result of internet induced viral marketing techniques. The study was performed on primary data collected through self-structured questionnaire based on a five-point Likert Scale. Non-probability judgemental sampling was used. Discriminate analysis was performed using statistical software SPSS 16.0. The study determines the important factors that predict customer buying behaviour. Marketing managers should understand these factors and appropriately target the customer. Appropriate use of these factors can help the managers' businesses flourish. In this study, we found that the factors immense efficacy, professed security and escalating brand were significant predictors of the consumer's buying intention.</p></div>","PeriodicalId":101000,"journal":{"name":"Pacific Science Review B: Humanities and Social Sciences","volume":"1 1","pages":"Pages 49-56"},"PeriodicalIF":0.0,"publicationDate":"2015-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.psrb.2015.12.002","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82283526","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2015-01-01DOI: 10.1016/j.psrb.2015.11.001
Arpita Roy , Shib Sankar Sana , Kripasindhu Chaudhuri
This paper analyses a two-echelon supply chain composed of one supplier and one retailer. The market demand is assumed to be uncertain and considered to be retail price dependent and dependent on the supplier's service level and on the retailer's promotional effort. The unsold items at the retailer are repurchased by the supplier at a price less than the sales prices. Conversely, the retailer encounters shortages because the demand is naturally uncertain. The optimal order quantity, selling price, promotional effort and service level are evaluated analytically as well as numerically for single period news-vendor-type demand patterns. The profit functions of the supplier and the retailer are analysed and compared in accordance with Stakelberg and integrated approaches. Computational results show that an integrated system is always beneficial for the members of the chain.
{"title":"A joint venturing of single supplier and single retailer under variable price, promotional effort and service level","authors":"Arpita Roy , Shib Sankar Sana , Kripasindhu Chaudhuri","doi":"10.1016/j.psrb.2015.11.001","DOIUrl":"10.1016/j.psrb.2015.11.001","url":null,"abstract":"<div><p>This paper analyses a two-echelon supply chain composed of one supplier and one retailer. The market demand is assumed to be uncertain and considered to be retail price dependent and dependent on the supplier's service level and on the retailer's promotional effort. The unsold items at the retailer are repurchased by the supplier at a price less than the sales prices. Conversely, the retailer encounters shortages because the demand is naturally uncertain. The optimal order quantity, selling price, promotional effort and service level are evaluated analytically as well as numerically for single period news-vendor-type demand patterns. The profit functions of the supplier and the retailer are analysed and compared in accordance with Stakelberg and integrated approaches. Computational results show that an integrated system is always beneficial for the members of the chain.</p></div>","PeriodicalId":101000,"journal":{"name":"Pacific Science Review B: Humanities and Social Sciences","volume":"1 1","pages":"Pages 8-14"},"PeriodicalIF":0.0,"publicationDate":"2015-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.psrb.2015.11.001","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76628597","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2015-01-01DOI: 10.1016/j.psrb.2016.01.002
Andrey S. Golobokov
A number of multilateral cooperation projects in Central Asia relate to the development of the interaction between China, Russia and other states in the region in the frame of the Shanghai Cooperation Organization (SCO). In 2015, the organization increased the number of its members for the 1st time since 2001 and stressed the development of non-governmental structures including an energy club or a business club as one of the key factors.
The energy market of Shanghai Cooperation Organization has great potential for China and Russia. Furthermore, the widening of this market accompanies the will of the SCO participants to defend their national interests.
The role of the Energy Club, as a universal mechanism to develop integration ties in a Eurasian energy policy, is examined in the paper. The various aspects and tendencies of China, Russia and other member states' strategy in the SCO's Energy Club are analysed in the article. This paper is of interest to economists, political experts, planners, lecturers and students interested in Asia Pacific and Central Asia affairs.
{"title":"Various forms and mechanisms of Chinese-Russian cooperation in the energy sphere and the role of non-governmental structures","authors":"Andrey S. Golobokov","doi":"10.1016/j.psrb.2016.01.002","DOIUrl":"10.1016/j.psrb.2016.01.002","url":null,"abstract":"<div><p>A number of multilateral cooperation projects in Central Asia relate to the development of the interaction between China, Russia and other states in the region in the frame of the Shanghai Cooperation Organization (SCO). In 2015, the organization increased the number of its members for the 1st time since 2001 and stressed the development of non-governmental structures including an energy club or a business club as one of the key factors.</p><p>The energy market of Shanghai Cooperation Organization has great potential for China and Russia. Furthermore, the widening of this market accompanies the will of the SCO participants to defend their national interests.</p><p>The role of the Energy Club, as a universal mechanism to develop integration ties in a Eurasian energy policy, is examined in the paper. The various aspects and tendencies of China, Russia and other member states' strategy in the SCO's Energy Club are analysed in the article. This paper is of interest to economists, political experts, planners, lecturers and students interested in Asia Pacific and Central Asia affairs.</p></div>","PeriodicalId":101000,"journal":{"name":"Pacific Science Review B: Humanities and Social Sciences","volume":"1 1","pages":"Pages 45-48"},"PeriodicalIF":0.0,"publicationDate":"2015-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.psrb.2016.01.002","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83357064","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}