Pub Date : 2023-12-22DOI: 10.35530/it.074.06.2022136
Pouria ROSTAMI CHERI, Rezvan Pourmansouri, Elham Masteri Farahani, Ramona Birau, C. Spulbar, Anca Ioana IACOB (TROTO)
Information and Communication Technology (ICT) plays a vital role in sharing information and greater participation in exchanges and trading of investors' shares. Because the use of information and communication technology in financial markets reduces marketing costs, it has a significant role. Therefore, the primary purpose of this research article is to investigate the impact of ICT on capital market uncertainty in Iran. In this study, the GARCH model has been used to estimate the capital market uncertainty index. The results of ARDL model estimation using quarterly data in the period 2011: 1 to 2020: 4 in the short and long term showed the effect of the ratio of online transactions to the total volume of transactions as an ICT indicator on capital market uncertainty in the short term. Long-term are different. In the short run, increasing the ratio of online transactions to the total volume of transactions has increased capital market uncertainty. It has reduced capital market uncertainty in the long run. Other model results showed that inflation, economic growth, and exchange rate significantly affect the performance uncertainty of the total stock exchange index as an indicator of capital market uncertainty. And it takes about 7.5 seasons on average to completely offset the imbalance in capital market uncertainty.
{"title":"Investigating the effects of Information and Communication Technology (ICT) on capital market uncertainty by considering its impact on the textile industry: a case study for Iran","authors":"Pouria ROSTAMI CHERI, Rezvan Pourmansouri, Elham Masteri Farahani, Ramona Birau, C. Spulbar, Anca Ioana IACOB (TROTO)","doi":"10.35530/it.074.06.2022136","DOIUrl":"https://doi.org/10.35530/it.074.06.2022136","url":null,"abstract":"Information and Communication Technology (ICT) plays a vital role in sharing information and greater participation in exchanges and trading of investors' shares. Because the use of information and communication technology in financial markets reduces marketing costs, it has a significant role. Therefore, the primary purpose of this research article is to investigate the impact of ICT on capital market uncertainty in Iran. In this study, the GARCH model has been used to estimate the capital market uncertainty index. The results of ARDL model estimation using quarterly data in the period 2011: 1 to 2020: 4 in the short and long term showed the effect of the ratio of online transactions to the total volume of transactions as an ICT indicator on capital market uncertainty in the short term. Long-term are different. In the short run, increasing the ratio of online transactions to the total volume of transactions has increased capital market uncertainty. It has reduced capital market uncertainty in the long run. Other model results showed that inflation, economic growth, and exchange rate significantly affect the performance uncertainty of the total stock exchange index as an indicator of capital market uncertainty. And it takes about 7.5 seasons on average to completely offset the imbalance in capital market uncertainty.","PeriodicalId":13638,"journal":{"name":"Industria Textila","volume":"99 4","pages":""},"PeriodicalIF":1.4,"publicationDate":"2023-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139163962","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study aims to explore ability-motivation-opportunity (AMO) practices to enhance sustainable HRM in the electronic environment. The authors further investigated whether sustainable e-HRM (SEHRM) may improve firm performance. Data was collected from the employees of the Saudi Arabian garment sector. Collected data was analyzed by applying structure equation modelling (SEM) by using smart-PLS. Results indicate that three dimensions of e-HRM positively and significantly impact firm performance. Results further suggest that SEHRM substantially mediates the relationship between e-HRM practices and firm performance. To establish SEHRM systems, an emphasis must be placed on e-HRM practices that improve employees' abilities and motivation. Once employees comprehend the importance of EHRM, they will be attracted towards this system routinely for activities such as goal planning and performance evaluation. Creating SEHRM helps improve the functions of the business. This study will help business professionals to adapt EHRM to improve the firm performance.
{"title":"An investigation of firm performance via electronic ability-motivation-opportunity enhancing practices towards Saudi Arabian garment sector employees","authors":"Awwad Saad Alshammari, Fraih Falah Alhamdhawi, Saqib Muneer","doi":"10.35530/it.074.06.2022143","DOIUrl":"https://doi.org/10.35530/it.074.06.2022143","url":null,"abstract":"This study aims to explore ability-motivation-opportunity (AMO) practices to enhance sustainable HRM in the electronic environment. The authors further investigated whether sustainable e-HRM (SEHRM) may improve firm performance. Data was collected from the employees of the Saudi Arabian garment sector. Collected data was analyzed by applying structure equation modelling (SEM) by using smart-PLS. Results indicate that three dimensions of e-HRM positively and significantly impact firm performance. Results further suggest that SEHRM substantially mediates the relationship between e-HRM practices and firm performance. To establish SEHRM systems, an emphasis must be placed on e-HRM practices that improve employees' abilities and motivation. Once employees comprehend the importance of EHRM, they will be attracted towards this system routinely for activities such as goal planning and performance evaluation. Creating SEHRM helps improve the functions of the business. This study will help business professionals to adapt EHRM to improve the firm performance.","PeriodicalId":13638,"journal":{"name":"Industria Textila","volume":"31 5","pages":""},"PeriodicalIF":1.4,"publicationDate":"2023-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139164885","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-12-22DOI: 10.35530/it.074.06.20233
Gul Kaykioglu, Derman Vatansever Bayramol, A. Yıldız
In this study, Fe3O4 and humic acid-modified Fe3O4 (Fe3O4@HA) magnetic nanoparticles were synthesized and used for the removal of Acid Red 114 (AR114) dyestuff from aqueous. The batch adsorption method was used for the experiments. The magnetic nanoparticles, synthesised by an inexpensive and environmentally friendly precipitation process, were characterised by FTIR, SEM-EDX, BET surface area, and XRD analyses. The optimum pH values determined for Fe3O4 and Fe 3O4@HA were the original pH (6.4) and 4, respectively. The equilibrium state was reached after 60 minutes for both adsorbents. The values for Fe 3O4 and Fe3O4@HA were determined as 3.4 mg/g and 3.1 mg/g, respectively, when 10 mg/l initial dyestuff concentration and 2 g adsorbent were used. The results obtained in the adsorption experiments performed for both adsorbents were compatible with the Freundlich isotherm and pseudo- second-order kinetic model. Fe3O4 was found to be more efficient than Fe3O4@HA in terms of reuse and Fe3O4 can be used 5 times without any significant loss of adsorption capacity. The results showed that Fe3O4 and Fe3O4@HA can be environmentally friendly alternative adsorbents for the removal of hazardous azo dyestuffs from water, and have regeneration possibilities.
{"title":"Adsorption of AR114 onto humic acid-modified Fe3O4 nanoparticles","authors":"Gul Kaykioglu, Derman Vatansever Bayramol, A. Yıldız","doi":"10.35530/it.074.06.20233","DOIUrl":"https://doi.org/10.35530/it.074.06.20233","url":null,"abstract":"In this study, Fe3O4 and humic acid-modified Fe3O4 (Fe3O4@HA) magnetic nanoparticles were synthesized and used for the removal of Acid Red 114 (AR114) dyestuff from aqueous. The batch adsorption method was used for the experiments. The magnetic nanoparticles, synthesised by an inexpensive and environmentally friendly precipitation process, were characterised by FTIR, SEM-EDX, BET surface area, and XRD analyses. The optimum pH values determined for Fe3O4 and Fe 3O4@HA were the original pH (6.4) and 4, respectively. The equilibrium state was reached after 60 minutes for both adsorbents. The values for Fe 3O4 and Fe3O4@HA were determined as 3.4 mg/g and 3.1 mg/g, respectively, when 10 mg/l initial dyestuff concentration and 2 g adsorbent were used. The results obtained in the adsorption experiments performed for both adsorbents were compatible with the Freundlich isotherm and pseudo- second-order kinetic model. Fe3O4 was found to be more efficient than Fe3O4@HA in terms of reuse and Fe3O4 can be used 5 times without any significant loss of adsorption capacity. The results showed that Fe3O4 and Fe3O4@HA can be environmentally friendly alternative adsorbents for the removal of hazardous azo dyestuffs from water, and have regeneration possibilities.","PeriodicalId":13638,"journal":{"name":"Industria Textila","volume":"35 9","pages":""},"PeriodicalIF":1.4,"publicationDate":"2023-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139164588","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-12-22DOI: 10.35530/it.074.06.202327
Sinem Yelkovan, Erhan KENAN ÇEVEN, Gizem Karakan Günaydın, Laura Chirilă
This study aims to provide an investigation regarding the effect of fibre cross-sectional shape, incorporated TiO2 amount (%) during polyester yarn production, and the weft density parameters respectively, on thermal comfort, moisture management, water vapour permeability, and air permeability properties of polyester drapery fabrics. Completely randomized three-factor analysis of variance (ANOVA) was conducted at the significance level of 0.05. SNK tests were also performed to observe the means of each parameter. Some of the weft yarn production parameters and the weft density (picks/cm) factors were found as significant factors in some thermal comfort and moisture management, water vapour, and air permeability properties of drapery samples.
{"title":"Research on thermal comfort and moisture management properties of drapery fabrics produced with polyester yarns having different fibre cross-sectional shapes and TiO2 amount","authors":"Sinem Yelkovan, Erhan KENAN ÇEVEN, Gizem Karakan Günaydın, Laura Chirilă","doi":"10.35530/it.074.06.202327","DOIUrl":"https://doi.org/10.35530/it.074.06.202327","url":null,"abstract":"This study aims to provide an investigation regarding the effect of fibre cross-sectional shape, incorporated TiO2 amount (%) during polyester yarn production, and the weft density parameters respectively, on thermal comfort, moisture management, water vapour permeability, and air permeability properties of polyester drapery fabrics. Completely randomized three-factor analysis of variance (ANOVA) was conducted at the significance level of 0.05. SNK tests were also performed to observe the means of each parameter. Some of the weft yarn production parameters and the weft density (picks/cm) factors were found as significant factors in some thermal comfort and moisture management, water vapour, and air permeability properties of drapery samples.","PeriodicalId":13638,"journal":{"name":"Industria Textila","volume":"16 3","pages":""},"PeriodicalIF":1.4,"publicationDate":"2023-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139165069","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-12-22DOI: 10.35530/it.074.06.2022140
Rıza Atav, Ahmet ÖZGÜR AĞIRGAN, A. Yıldız, D. V. Bayramol, Uğur Ergünay
Humic acid is a material formed as a result of the degradation of animal and plant wastes, it cleans heavy metals which are industrial wastes that threaten both the environment and human health. In part I of this study, the Fe3O4@HA@Ag compound was synthesized, its inclusion complex with β-cyclodextrin was prepared by using the kneading technique and obtained inclusion complexes were characterized. In this study, part II, nanowebs were formed from the inclusion of complex-containing polymer solution via the electrospinning method. The electrospinning solution consisted of β-CD:Fe3O4@HA@Ag inclusion complexes at the rate of 5%, 7.5% and 10% by weight and the polyvinylpyrrolidone (PVP) polymer as the carrier. The obtained nanoweb material was characterized by instrumental methods such as SEM, FTIR, XRD, and TGA. The results obtained from FTIR, XRD and TGA revealed that β-CD:Fe3O4@HA@Ag inclusion complexes containing nanowebs were successfully produced. The uniform fibre formation was detected from SEM images. The average fibre diameter of 5%, 7.5% and 10% β-CD:Fe3O4@HA@Ag inclusion complex containing nanowebs were measured to be 612.5 nm, 610.8 nm and 431.2 nm, respectively.
{"title":"Inclusion complexes of β-cyclodextrıne with Fe3O4@HA@Ag Part II: Their use in the production of PVP nanowebs","authors":"Rıza Atav, Ahmet ÖZGÜR AĞIRGAN, A. Yıldız, D. V. Bayramol, Uğur Ergünay","doi":"10.35530/it.074.06.2022140","DOIUrl":"https://doi.org/10.35530/it.074.06.2022140","url":null,"abstract":"Humic acid is a material formed as a result of the degradation of animal and plant wastes, it cleans heavy metals which are industrial wastes that threaten both the environment and human health. In part I of this study, the Fe3O4@HA@Ag compound was synthesized, its inclusion complex with β-cyclodextrin was prepared by using the kneading technique and obtained inclusion complexes were characterized. In this study, part II, nanowebs were formed from the inclusion of complex-containing polymer solution via the electrospinning method. The electrospinning solution consisted of β-CD:Fe3O4@HA@Ag inclusion complexes at the rate of 5%, 7.5% and 10% by weight and the polyvinylpyrrolidone (PVP) polymer as the carrier. The obtained nanoweb material was characterized by instrumental methods such as SEM, FTIR, XRD, and TGA. The results obtained from FTIR, XRD and TGA revealed that β-CD:Fe3O4@HA@Ag inclusion complexes containing nanowebs were successfully produced. The uniform fibre formation was detected from SEM images. The average fibre diameter of 5%, 7.5% and 10% β-CD:Fe3O4@HA@Ag inclusion complex containing nanowebs were measured to be 612.5 nm, 610.8 nm and 431.2 nm, respectively.","PeriodicalId":13638,"journal":{"name":"Industria Textila","volume":"100 4","pages":""},"PeriodicalIF":1.4,"publicationDate":"2023-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139163961","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-12-22DOI: 10.35530/it.074.06.2022112
Diadie Sacko, Hua Cheng
The world's cotton industry plays a significant role in the global economy, with cotton being used in around 50% of all clothing, household items, and other products. However, the production of cotton is also known to have a significant impact on the environment, particularly freshwater resources. Sub-Saharan Africa is particularly vulnerable, with 40% of the world's water-deprived people living in the region. Cotton is a vital cash crop in sub-Saharan Africa, serving as the main source of livelihood for over 2 million rural families, but its production is also water-intensive, requiring around 20,000 litters of water per kg of cotton yield. In addition, cotton farming in the region is largely dependent on rain, but countries are looking to expand their production and acreage through increased irrigation, putting further pressure on already stretched water resources. This essay investigates the sustainability of sub-Saharan Africa's cotton industry, using Mali as a case study. The region can increase its output significantly, but this must be done sustainably to avoid exacerbating the negative impact on freshwater resources. The study also discusses the water crisis in sub-Saharan Africa, cotton farming in Mali and the region, and the potential consequences of increased cotton production on families and the environment. Mali, currently the highest cotton producer on the continent is a convenient case study reflecting conditions in other sub-Saharan countries. By studying the scientific literature on the progression of cotton production and attendant problems in Mali and some other West African countries, I hope to inform policymakers in the region about some proven ways to improve cotton yield and processing while leaving water resources pristine. The plan centres on producing cotton in an eco-friendly manner through the adoption of organic cotton, and GM cotton and irrigation in suitable areas. At the same time, there is a need to reduce the grey water footprint by reducing chemical usage and treating effluents before discharge.
{"title":"Water sustainability of sub-Saharan African cotton industry: evidence from Mali","authors":"Diadie Sacko, Hua Cheng","doi":"10.35530/it.074.06.2022112","DOIUrl":"https://doi.org/10.35530/it.074.06.2022112","url":null,"abstract":"The world's cotton industry plays a significant role in the global economy, with cotton being used in around 50% of all clothing, household items, and other products. However, the production of cotton is also known to have a significant impact on the environment, particularly freshwater resources. Sub-Saharan Africa is particularly vulnerable, with 40% of the world's water-deprived people living in the region. Cotton is a vital cash crop in sub-Saharan Africa, serving as the main source of livelihood for over 2 million rural families, but its production is also water-intensive, requiring around 20,000 litters of water per kg of cotton yield. In addition, cotton farming in the region is largely dependent on rain, but countries are looking to expand their production and acreage through increased irrigation, putting further pressure on already stretched water resources. This essay investigates the sustainability of sub-Saharan Africa's cotton industry, using Mali as a case study. The region can increase its output significantly, but this must be done sustainably to avoid exacerbating the negative impact on freshwater resources. The study also discusses the water crisis in sub-Saharan Africa, cotton farming in Mali and the region, and the potential consequences of increased cotton production on families and the environment. Mali, currently the highest cotton producer on the continent is a convenient case study reflecting conditions in other sub-Saharan countries. By studying the scientific literature on the progression of cotton production and attendant problems in Mali and some other West African countries, I hope to inform policymakers in the region about some proven ways to improve cotton yield and processing while leaving water resources pristine. The plan centres on producing cotton in an eco-friendly manner through the adoption of organic cotton, and GM cotton and irrigation in suitable areas. At the same time, there is a need to reduce the grey water footprint by reducing chemical usage and treating effluents before discharge.","PeriodicalId":13638,"journal":{"name":"Industria Textila","volume":"14 6","pages":""},"PeriodicalIF":1.4,"publicationDate":"2023-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139165312","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-12-22DOI: 10.35530/it.074.06.2022129
S. Shahidi, Mansoureh Ziaee, Ana Khajehnezhad, Seyed Mohammad Elahi, R. Mongkholrattanasit
In this research, the magnetic fabric was fabricated using in situ synthesizing of Iron oxide nanoparticles. To have cotton fabrics covered by magnetic nanoparticles, prepared Iron Oxide nanoparticles were deposited on it using an in situ method with 3 different concentrations of precursors while other factors such as pH, temperature, NaOH concentration, reaction container volume, and the chemical reaction time remained constant. FeCl3 and FeSO47H2O were used as precursors. The results confirmed that magnetite nanoparticles with cubic structure, spherical shape and uniform distribution were deposited on the surface of cotton fabrics. The vibrating sample magnetometer (VSM) results revealed that the cotton fabric was covered by superparamagnetic magnetite nanoparticles.
{"title":"In-situ synthesis of magnetite nanoparticles on cotton fabrics – structural and magnetic properties","authors":"S. Shahidi, Mansoureh Ziaee, Ana Khajehnezhad, Seyed Mohammad Elahi, R. Mongkholrattanasit","doi":"10.35530/it.074.06.2022129","DOIUrl":"https://doi.org/10.35530/it.074.06.2022129","url":null,"abstract":"In this research, the magnetic fabric was fabricated using in situ synthesizing of Iron oxide nanoparticles. To have cotton fabrics covered by magnetic nanoparticles, prepared Iron Oxide nanoparticles were deposited on it using an in situ method with 3 different concentrations of precursors while other factors such as pH, temperature, NaOH concentration, reaction container volume, and the chemical reaction time remained constant. FeCl3 and FeSO47H2O were used as precursors. The results confirmed that magnetite nanoparticles with cubic structure, spherical shape and uniform distribution were deposited on the surface of cotton fabrics. The vibrating sample magnetometer (VSM) results revealed that the cotton fabric was covered by superparamagnetic magnetite nanoparticles.","PeriodicalId":13638,"journal":{"name":"Industria Textila","volume":"12 3","pages":""},"PeriodicalIF":1.4,"publicationDate":"2023-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139164447","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The textile sector in India has good fundamentals and has become an interesting sector for equity investors. The performance of textile companies in India is volatile in the market for various reasons. This study aims to examine the dependence of Indian textile company performance on macroeconomic variables. Based on the market capitalisation, the top 10 textile companies were selected as samples for the study, the annual net profit ratio, return on asset ratio, operating ratio and the earning per share data of selected companies were collected from 31st March 2004 to 31 st March 2021. For the same period, the Inflation, Crude oil price, GDP of the service sector, GDP of the manufacturing sector and the GDP of the agricultural sector in India were gathered. The results of multivariate regression analysis revealed that the changes in Inflation, GDP from agriculture and GDP from the service sector are affecting the performance of textile companies in India.
{"title":"Examining the dependence of textile company performance on macroeconomic variables","authors":"Jain Akshathraj, Carina-Elena Stegăroiu, V. Stegăroiu, Shetty Pratik Narendra, Kepulaje ABHAYA KUMAR","doi":"10.35530/it.074.06.2022141","DOIUrl":"https://doi.org/10.35530/it.074.06.2022141","url":null,"abstract":"The textile sector in India has good fundamentals and has become an interesting sector for equity investors. The performance of textile companies in India is volatile in the market for various reasons. This study aims to examine the dependence of Indian textile company performance on macroeconomic variables. Based on the market capitalisation, the top 10 textile companies were selected as samples for the study, the annual net profit ratio, return on asset ratio, operating ratio and the earning per share data of selected companies were collected from 31st March 2004 to 31 st March 2021. For the same period, the Inflation, Crude oil price, GDP of the service sector, GDP of the manufacturing sector and the GDP of the agricultural sector in India were gathered. The results of multivariate regression analysis revealed that the changes in Inflation, GDP from agriculture and GDP from the service sector are affecting the performance of textile companies in India.","PeriodicalId":13638,"journal":{"name":"Industria Textila","volume":"39 8","pages":""},"PeriodicalIF":1.4,"publicationDate":"2023-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139164455","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-12-22DOI: 10.35530/it.074.06.202311
Bharat Kumar Meher, G. Puntambekar, Ramona Birau, Iqbal Thonse Hawaldar, C. Spulbar, M. Simion
The domestic textiles and apparel industry stood at $152 billion in 2021, growing at a CAGR of 12% to reach $225 billion by 2025. The textiles and apparel industry in India has strengths across the entire value chain from fibre, yarn, and fabric to apparel. On the other hand, many FinTech companies gained enough importance and attention during the Demonetization and COVID-19 pandemic situation where most people are dependent and prefer cashless payments and receipts over hard cash payments and receipts. Due to the growth of FinTech companies in India, consumer lending FinTech companies in India make up 17% of total FinTech enterprises. Many angel investors are coming forward to invest in such FinTech companies as this industry has much potential to grow in future. As there is enough scope for the expansion of FinTech companies in India, retail investors come forward to invest in the stocks of listed FinTech companies. As retail investors always look forward to returns either in the form of dividends or appreciation of stock prices, it is also necessary to analyse and model the stock price volatility of FinTech companies in India before investing. Hence, this research study is an attempt to use high-frequency data i.e. 1-minute closing prices, to formulate suitable GARCH (Generalised Autoregressive Conditional Heteroscedasticity) models for stock price volatility of listed textiles and FinTech companies that could also capture the asymmetric volatility if it exists due to third phase of COVID-19 pandemic and Russia-Ukraine war. The results concluded that there is a presence of positive shocks which might be due to the third wave of the COVID-19 pandemic that might have again shot the demand for financial products and services of these FinTech companies namely Paytm and PolicyBazaar and there is no negative shock of Russia-Ukraine war.
{"title":"Comparative investment decisions in emerging textile and FinTech industries in India using GARCH models with high-frequency data","authors":"Bharat Kumar Meher, G. Puntambekar, Ramona Birau, Iqbal Thonse Hawaldar, C. Spulbar, M. Simion","doi":"10.35530/it.074.06.202311","DOIUrl":"https://doi.org/10.35530/it.074.06.202311","url":null,"abstract":"The domestic textiles and apparel industry stood at $152 billion in 2021, growing at a CAGR of 12% to reach $225 billion by 2025. The textiles and apparel industry in India has strengths across the entire value chain from fibre, yarn, and fabric to apparel. On the other hand, many FinTech companies gained enough importance and attention during the Demonetization and COVID-19 pandemic situation where most people are dependent and prefer cashless payments and receipts over hard cash payments and receipts. Due to the growth of FinTech companies in India, consumer lending FinTech companies in India make up 17% of total FinTech enterprises. Many angel investors are coming forward to invest in such FinTech companies as this industry has much potential to grow in future. As there is enough scope for the expansion of FinTech companies in India, retail investors come forward to invest in the stocks of listed FinTech companies. As retail investors always look forward to returns either in the form of dividends or appreciation of stock prices, it is also necessary to analyse and model the stock price volatility of FinTech companies in India before investing. Hence, this research study is an attempt to use high-frequency data i.e. 1-minute closing prices, to formulate suitable GARCH (Generalised Autoregressive Conditional Heteroscedasticity) models for stock price volatility of listed textiles and FinTech companies that could also capture the asymmetric volatility if it exists due to third phase of COVID-19 pandemic and Russia-Ukraine war. The results concluded that there is a presence of positive shocks which might be due to the third wave of the COVID-19 pandemic that might have again shot the demand for financial products and services of these FinTech companies namely Paytm and PolicyBazaar and there is no negative shock of Russia-Ukraine war.","PeriodicalId":13638,"journal":{"name":"Industria Textila","volume":"17 4","pages":""},"PeriodicalIF":1.4,"publicationDate":"2023-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139165010","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-12-22DOI: 10.35530/it.074.06.202364
I. Bhuvaneshwarri, V. Ilango
Blockchain technology and IoT have been beneficial for information sharing, supply-chain management, product tracking and device control in multiple fields. Now, their combined potential has become an emerging concept, one that can be implemented in the textile industry. In most cases, textile industries are the backbone of the economy of a country. The major textile fibres are cotton, jute, wool, silk, bamboo, linen, etc. In theory, the fibre producers’ profit and their products’ market price may vary depending on the fibre’s demand, aggregate supply and the current market structure. But, in real-life textile markets, intermediaries between the producers and buyers lead to significant decreases in the producers’ profit. This results in the producer incurring losses and not being able to get back their initial investments as revenue. This research paper aims to provide a solution to the above-stated critical issue. In this paper, we have proposed an Online Blockchain-based Sustainable Logistics Management System (OBSLMS) for textile businesses. The implementation mechanism of the OBSLMS consists of blockchain based business transactions, an IoT based GPS tracking system and a unique QR (Quick Response) code verification for the endpoint delivery of textile fibres from producers to buyers. This sustainable solution also has a bidding feature. Moreover, OBSLMS has been programmed, implemented and tested. The OBSLMS uses the availability and efficiency of the openly available online platform, blockchain technology and IoT to help both the textile fibre producers and the buyers gain a fair profit.
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