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Can CSR Impact the Reputation of a Company? From the Eyes of Different Stakeholders 企业社会责任会影响企业声誉吗?从不同利益相关者的角度
Pub Date : 2022-10-11 DOI: 10.1177/22786821221127673
Loopamudra Baruah, N. Panda
This study investigates the impact of CSR on different stakeholder reputations. For this purpose, we consider reputation from the eyes of three major stakeholders—employees, investors, and customers. Content analysis technique based on a four-point scale was used to measure the CSR of the sample companies, whereas reputation was measured using an appropriate proxy from different stakeholders’ perspectives. System generalized method of moments (GMM) was employed to study the impact of CSR on different stakeholder reputation. The results pointed out that CSR has an insignificant impact on different stakeholder reputations. There is a need for Indian companies to disclose more quality information about their CSR actions to capitalize on its benefits in improving their reputation.
本研究探讨企业社会责任对不同利益相关者声誉的影响。为此,我们从三个主要利益相关者——员工、投资者和客户——的角度来考虑声誉。基于四分制的内容分析技术被用来衡量样本公司的企业社会责任,而声誉则是从不同利益相关者的角度使用适当的代理来衡量。采用系统广义矩量法(GMM)研究企业社会责任对不同利益相关者声誉的影响。结果表明,企业社会责任对不同利益相关者声誉的影响不显著。印度公司有必要披露更多关于其企业社会责任行动的高质量信息,以利用其在提高其声誉方面的好处。
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引用次数: 0
Impact of COVID-19 on the Performance of Indian Stock Market: An Empirical Analysis 新冠肺炎疫情对印度股市表现影响的实证分析
Pub Date : 2022-10-11 DOI: 10.1177/22786821221127734
Manu K. S., A. Shetty
The outbreak of COVID-19 epidemic had not only brought destruction to the human lives but also destabilized the financial markets across the world. Although there were some studies conducted on the impact of COVID-19 on the financial markets in the developed economies, very few studies were conducted on the developing economies like India. Hence, this study intends to measure the impact of COVID-19 on the Indian stock market, especially on NIFTY50, and all the major sectorial indices of National Stock Exchange (NSE). The study also makes an attempt to analyze the impact of COVID-19 on the Indian stock market in various time periods (lockdown, pre-lockdown, and full sample time periods). For this purpose, the researchers have used EGARCH and regression models to measure the sectoral impact of COVID-19 on NIFTY. The study finds asymmetrical reactions on positive and negative shocks in the Indian stock market. The β2 coefficient, which explains asymmetric volatility, is significant and positive for FMCG, realty, oil and gas, and consumer durables, suggesting the presence of asymmetric effect, but has no leverage effect. It implies that positive news has greater effects on volatility than negative news. In other words, investors are more prone to positive shocks than negative shocks with the same magnitude. While β2 is found to be significant and negative for NIFTY, bank, information technology, and financial services, which clearly depicts the presence of leverage effect. It suggests the presence of asymmetrical reactions on unfavorable shocks in these indices.
新冠肺炎疫情的爆发不仅给人类生命带来了破坏,也给全球金融市场带来了不稳定。虽然有一些关于COVID-19对发达经济体金融市场影响的研究,但对印度等发展中经济体的研究很少。因此,本研究旨在衡量COVID-19对印度股票市场的影响,特别是对NIFTY50和国家证券交易所(NSE)所有主要行业指数的影响。该研究还试图分析COVID-19在不同时间段(封锁、封锁前和完整样本时间段)对印度股市的影响。为此,研究人员使用EGARCH和回归模型来衡量COVID-19对NIFTY的部门影响。研究发现,印度股市对正面和负面冲击的反应是不对称的。快速消费品、房地产、石油天然气和耐用消费品的β2系数显著且正,说明存在不对称效应,但不存在杠杆效应。这意味着正面消息比负面消息对波动性的影响更大。换句话说,在相同程度的情况下,投资者更容易受到正面冲击而非负面冲击。而在NIFTY、银行、信息技术和金融服务业中,β2显著且为负,说明杠杆效应的存在。这表明在这些指数中存在对不利冲击的不对称反应。
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引用次数: 0
Turnaround of a Multi-Unit Indian Hospital: A Study on Its Interventions 印度一家多单元医院的转型:干预措施研究
Pub Date : 2022-10-11 DOI: 10.1177/22786821221127747
Prasanjit Dasgupta
For a long time, organizational turnaround was a subject of interest; literature on the financial turnaround of hospitals that faced decline after a major disaster like death due to fire is scarce. An Indian hospital group incurred losses for years after death due to a fire in one of its units and earned an operational surplus for the last few years. This case study explores the strategies for its financial turnaround; hospital documents and interviews with managers provided data for it. The purpose of the study is to investigate the interventions taken by the organization for its financial turnaround. The theoretical framework of the study relied on the turnaround model of Maheshwari (2000), Khandwalla (2001), Chowdhury (2002), Jacobs et al. (2013), and Sylkin et al. (2019). The pragmatism theories advocated by Kahneman and Klein (2009), Ansell and Boin (2019), and Boin and Lodge (2021) were also relied upon.This study contributes to the organizational change literature by highlighting that though the theories of turnaround serve as a foundation, managerial intuition and continuous evaluation are strong driving forces for a financial turnaround.
长期以来,组织转型一直是人们感兴趣的话题;在发生火灾死亡等重大灾难后,医院的财务状况好转的文献很少。印度一家医院集团因其一个部门发生火灾而死亡后,多年来一直亏损,并在最近几年获得了运营盈余。本案例探讨了其财务扭亏为盈的策略;医院文件和对管理人员的采访为研究提供了数据。本研究的目的是调查该组织为其财务周转所采取的干预措施。本研究的理论框架依赖于Maheshwari(2000)、Khandwalla(2001)、Chowdhury(2002)、Jacobs等人(2013)和Sylkin等人(2019)的周转模型。Kahneman and Klein(2009)、Ansell and Boin(2019)、Boin and Lodge(2021)所倡导的实用主义理论也得到了借鉴。本研究对组织变革文献的贡献在于强调,尽管周转理论是基础,但管理直觉和持续评估是财务周转的强大驱动力。
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引用次数: 0
Role of Outward Foreign Direct Investment in Economic Growth of India: Evidence from Non-linear ARDL Approach 对外直接投资在印度经济增长中的作用:来自非线性ARDL方法的证据
Pub Date : 2022-10-08 DOI: 10.1177/22786821221127670
N. Kumar, Nidhi Singhal
The study investigates the relationship between outward foreign direct investment (OFDI) and economic growth of India using time series data covering the period of 1990–2019. It develops three models, including variables such as OFDI, economic growth, inward foreign direct investment, exports, and gross fixed capital formation. It applies non-linear ARDL approach and uses GDP per capita as proxy of economic growth. Broadly, it finds a positive long-run and short-run bi-variate relationship between OFDI and economic growth of India. But with the introduction of domestic fixed capital formation variable, the relationship turns negative. The study recommends the policymakers to focus on country’s gross fixed capital formation and invite investments from abroad, rather than directing funds to foreign countries.
该研究使用1990-2019年的时间序列数据调查了印度对外直接投资(OFDI)与经济增长之间的关系。它开发了三个模型,包括对外直接投资、经济增长、外来直接投资、出口和固定资本形成总额等变量。它采用非线性ARDL方法,以人均GDP作为经济增长的代表。总体而言,研究发现印度对外直接投资与经济增长之间存在长期和短期正相关的双变量关系。但随着国内固定资本形成变量的引入,二者的关系变为负相关。该研究建议政策制定者关注国家的固定资本形成总额,并邀请国外投资,而不是将资金直接投向国外。
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引用次数: 2
Turnover Intentions of IT Repatriates in India: Exploring the Role of Organizational Commitment 印度IT回国人员的离职意向:组织承诺的作用探讨
Pub Date : 2022-10-07 DOI: 10.1177/22786821221127729
M. Saxena, Sudeep Kumar Das
The turnover intention of repatriates in the IT sector requires immediate attention due to the rapid rise of India as a global market. To survive in an environment of cut-throat competition, organizations are required to have a proper understanding of the reasons for repatriate turnover in the IT sector and of the solutions to overcome this problem. Factors such as repatriate adjustment, job satisfaction, and organizational commitment are the key to understand the intentions for repatriate turnover. The primary objective of this study was to compare the role of organizational commitment as a mediator and as an independent variable for explaining the intent to leave. Feedback from IT repatriates in Indian organizations were generated. The items of the questionnaires were adapted from various previous studies to generate the relevant data. Data was generated from a sample of 273 respondents. Appropriate tools were employed for the purpose of refining and analysis of data. Study findings supported that organizational commitment role as a mediator is more important than as an independent variable in explaining the intentions of repatriate regarding the turnover. The study will provide useful insights to the practitioners and policymakers in understanding the process of repatriate adjustment and, hence, can assist in reducing the turnover intentions among the repatriates. Indian IT sector faces considerable high attrition. It has been observed that employees after returning from their foreign assignments find it difficult to readjust and thereafter eventually quit the organization. The turnover intention of repatriation in the IT sector requires immediate attention to arrest this kind of attrition. There is a paucity of studies focusing on turnover intention of repatriates in the Indian context. This study aims to fill that gap.
由于印度作为一个全球市场的迅速崛起,IT行业的回流意向需要立即引起关注。为了在激烈的竞争环境中生存,组织必须正确理解IT行业人员流失的原因,以及克服这一问题的解决方案。归国调整、工作满意度和组织承诺等因素是理解归国离职意图的关键。本研究的主要目的是比较组织承诺作为中介和作为解释离职意图的自变量的作用。从印度组织的IT回国人员那里得到反馈。调查问卷的项目是根据以往的各种研究改编的,以产生相关的数据。数据来自273名受访者的样本。采用了适当的工具来精炼和分析数据。研究结果表明,组织承诺作为中介的作用比作为独立变量的作用更能解释离职回国的意向。该研究将为从业人员和政策制定者了解遣返调整过程提供有用的见解,从而有助于减少遣返人员的离职意图。印度IT行业面临着相当高的人员流失率。据观察,从国外派遣回来的员工很难重新适应,最终辞职。IT部门的回流意图需要立即注意阻止这种人员流失。在印度的背景下,关注回国人员离职意向的研究很少。这项研究旨在填补这一空白。
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引用次数: 0
COVID-19 and Coping Strategies: A Study Among the Salaried Employees in Kerala COVID-19与应对策略:喀拉拉邦受薪员工的研究
Pub Date : 2022-04-21 DOI: 10.1177/22786821221091787
J. Kumar, J. S. Bhagavathi
COVID-19 has become of the most fatal pandemics in the century. It has widely spread among different countries in the world. Also, the pandemic has affected different sections of the society. It has psychologically and financially affected the individuals also. In this scenario, it is important to analyze the feeding and income coping strategies of the salaried class employees. For this, a questionnaire was developed using Google Form and was sent across different salaried class employees of Kerala. A total of 100 samples were taken and the analysis was done. The findings of the study indicated that most of them did stock up food during COVID-19, and those who did not preferred home deliveries from supermarkets. When financial strategies are considered, a higher strain and a lower emergency saving was witnessed among those of the lower income group. The palliative measures by the Government were equally welcomed by all the income groups except the medical facility.
COVID-19已成为本世纪最致命的流行病之一。它在世界上不同的国家广泛传播。此外,这一流行病还影响到社会的不同阶层。它也对个人产生了心理和经济上的影响。在这种情况下,分析工薪阶层员工的喂养和收入应对策略是很重要的。为此,使用谷歌表单开发了一份调查问卷,并在喀拉拉邦的不同工薪阶层员工中发送。共采集100个样本进行分析。研究结果表明,他们中的大多数人在COVID-19期间确实囤积了食物,而那些不喜欢从超市送货上门的人。当考虑到财务策略时,低收入群体的压力更大,应急储蓄更少。政府采取的缓和措施受到除医疗设施以外的所有收入群体的同样欢迎。
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引用次数: 0
Timing and Selectivity Performance of Mutual Fund Managers: Application of Conditional Models to Indian Equity Diversified Mutual funds 共同基金经理的时机与选择性表现:条件模型在印度股票型多元化共同基金中的应用
Pub Date : 2022-04-18 DOI: 10.1177/22786821221084937
Akshatha Suvarna
Investors prefer to invest in the mutual funds as the fund managers may augment the returns through their security selection and market timing skills. Both conditional and unconditional evaluation approaches are used in the assessment of these two skills. The conditional performance appraisal methodology eliminates some of the biases that affect conventional unconditional measures when assessing these two skills. This study analyses the security selection and market timing ability of 52 selected Indian equity diversified mutual fund (growth) schemes using conditional approaches. Study found that stock selectivity and market timing coefficients were positive and significant in less than 25% of sampled funds. However, one interesting thing is that study could not find any significantly negative stock selector. With respect to macro-forecasting or timing the market, evidence, however, was strong for “wrong” or “perverse” market timing. The negative correlation between stock picking and market timing coefficients indicates that Indian equity diversified scheme fund managers are unable to demonstrate prowess in both capabilities at the same time.
投资者更愿意投资于共同基金,因为基金经理可以通过他们的证券选择和市场时机技巧来增加回报。在评估这两种技能时,条件评价和无条件评价两种方法都被使用。在评估这两种技能时,条件绩效评估方法消除了影响传统无条件评估的一些偏见。本文采用条件分析方法,分析了52个印度股票多元化共同基金(成长型)方案的证券选择和市场择时能力。研究发现,在不到25%的样本基金中,股票选择和市场时机系数是显著的。然而,有趣的是,研究没有发现任何显著负的股票选择器。然而,在宏观预测或市场时机选择方面,“错误”或“反常”的市场时机选择的证据非常充分。选股和择时系数之间的负相关表明,印度股票多元化计划基金经理无法同时展现出在这两方面的实力。
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引用次数: 2
An Empirical Analysis Using Machine Learning to Identify Features Influencing the Green Economy of India 利用机器学习识别影响印度绿色经济特征的实证分析
Pub Date : 2022-04-18 DOI: 10.1177/22786821221082611
Boris Raj Borgohain, K. Singh
Due to the vast changes being experienced in the current world climate, sustainable development and green economy have become key terms as counters to the experienced climate changes. As such, this article analyzes the features of green economy that would be key in the world’s development towards a green economy and a sustainable environment. The article uses the conceptualization of green GDP as an indicator of green economic development for the analysis. The article uses dimension reduction techniques and machine learning algorithms to identify the features with high importance in green economy. Results of the analysis show that the defined factor technological investment has the highest importance on development of green economy, and economic growth also exhibits a considerable amount of importance. The study provides suggestions on the direction of policy development by stakeholders for increasing the green GDP, which acts as the indicator of green economic development.
由于当前世界气候正经历着巨大的变化,可持续发展和绿色经济已成为应对气候变化的关键术语。因此,本文分析了绿色经济的特征,这将是世界向绿色经济和可持续环境发展的关键。本文采用绿色GDP的概念作为绿色经济发展的指标进行分析。本文利用降维技术和机器学习算法来识别绿色经济中重要的特征。分析结果表明,技术投资对绿色经济发展的重要性最高,经济增长对绿色经济发展的重要性也相当大。研究为利益相关者提高绿色GDP的政策制定方向提供了建议,绿色GDP作为绿色经济发展的指标。
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引用次数: 1
RaGA and Tala of Research Productivity: A Study of Leading Business School in India 研究生产力的拉加和塔拉:对印度顶尖商学院的研究
Pub Date : 2022-03-19 DOI: 10.1177/22786821221082915
S. Ramkumar
Research productivity at business schools is of interest to academicians, policy-makers, and other stakeholders. This study attempts to understand stratification in research productivity in a business school and explores the individual (rank, gender) and departmental (area of discipline) characteristics (RaGA), covering a dataset of 4,013 research outputs spanning the research themes (themes) of academic, practice-oriented, and pedagogic and (a la carte) (Tala) from 2011 to 2020. Theme-wise, the quantum and direction of research indicated that academic research > practice-oriented research > pedagogic development during 2010–2015 and 2015–2020. The major findings include: professors had higher per-capita productivity (PCP) across the themes, followed by assistant professors. In terms of a la carte, professors had higher PCP in scientific presentations/invited talks, books, chapters in books, articles in periodicals/dailies, and teaching cases. Assistant professors participated more in working papers and research projects. Associate professors had higher PCP in articles in academic journals and doctoral students advising. Female faculty fared well in academic research and male faculty in pedagogic development. Mixed trend was seen in practice-oriented research. Economic and social sciences outperformed other disciplinary areas in academic (working papers and scientific presentations) and practice-oriented research (research projects, books, chapters in books, and articles in dailies). Marketing, decision sciences, strategy, production, and operations management were better in pedagogic development. The higher production in articles in academic journals came from organization behavior, public policy, and production and operations management. This study has takeaways for policy-makers and emphasizes having a clear research agenda that can combine academic rigor with practice.
商学院的研究效率是学者、政策制定者和其他利益相关者感兴趣的问题。本研究试图了解商学院研究生产力的分层,并探索个人(级别、性别)和部门(学科领域)特征(RaGA),涵盖2011年至2020年学术、实践导向、教学和(点菜)(Tala)研究主题(主题)的4,013项研究成果的数据集。从研究的数量和方向来看,2010-2015年和2015-2020年学术研究>实践研究>教学发展。主要发现包括:教授在各学科的人均生产率(PCP)较高,其次是助理教授。在点菜方面,教授在科学报告/邀请演讲、书籍、书籍章节、期刊/日报文章和教学案例中具有较高的PCP。助理教授更多地参与工作论文和研究项目。副教授在学术期刊文章和博士生指导中PCP较高。女性教师在学术研究方面表现良好,男性教师在教学发展方面表现良好。在以实践为导向的研究中,出现了混合趋势。经济和社会科学在学术(工作论文和科学报告)和实践研究(研究项目、书籍、书籍章节和日报文章)方面的表现优于其他学科领域。市场营销、决策科学、战略、生产和运营管理在教学发展方面表现较好。学术期刊论文产量较高的领域为组织行为、公共政策和生产经营管理。这项研究为政策制定者提供了启示,并强调有一个明确的研究议程,可以将学术严谨性与实践结合起来。
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引用次数: 0
Impact of Organizational Culture on the Effectiveness of Organizations: A Case Study of Some Service Sector Organizations in Manipur 组织文化对组织效能的影响:以曼尼普尔一些服务业组织为例
Pub Date : 2022-03-16 DOI: 10.1177/22786821221082592
Bridget Nungchensha Nungchim, Jibon Kumar Sharma Leihaothabam
Background: It may be understood to assume that the performance and effectiveness of an organization solely depend on the setup of organizational culture as it (organizational culture) embodies the vision and mission of the organization including the attitudes and behaviors of the employees and the organization’s manner of functioning in the organization. Nonetheless, the association between the organizational culture and its effectiveness in service sector organizations appears to vary from one organization to the other with varying degrees and directions within the state. Aims and objectives: To assess the impact of organizational culture on the overall effectiveness and to evaluate the association between each component of organizational culture and its effectiveness of service sector organizations. Materials and methods: The present study is based on a primary sample of 140 employees selected from Manipur in Northeast India. The sample size is estimated on the findings of the pilot survey, and stratified random sampling is adopted as the type of sampling. The paired t-test is used as the statistical formula for testing of significance between the mean percentage scores; and Karl Pearson correlation co-efficient r is applied to establish the correlation between overall effectiveness of service sector organization and overall and each facet of organizational culture separately. Results: The findings of the study conclude that the better the organizational culture the better the effectiveness of the organization.
背景:可以理解为认为组织的绩效和有效性完全取决于组织文化的设置,因为它(组织文化)体现了组织的愿景和使命,包括员工的态度和行为以及组织在组织中的运作方式。然而,在服务部门组织中,组织文化与其有效性之间的联系似乎因组织而异,其程度和方向在国家内部有所不同。目的和目标:评估组织文化对服务部门组织整体有效性的影响,并评估组织文化各组成部分与其有效性之间的关联。材料和方法:目前的研究是基于一个主要样本的140名员工选择从曼尼普尔在印度东北部。样本量根据试点调查结果估计,抽样方式采用分层随机抽样。使用配对t检验作为统计公式来检验平均百分比分数之间的显著性;运用卡尔·皮尔逊相关系数r分别建立了服务业组织整体有效性与组织文化整体和各方面之间的相关性。结果:研究结果表明,组织文化越好,组织的有效性越高。
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引用次数: 0
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Jindal Journal of Business Research
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