Pub Date : 2023-03-31DOI: 10.52711/2321-5763.2023.00005
Dur Khan
Introduction-The Corona Virus Pandemic and consequent lockdown in many countries across the globe resulted in travel restrictions. In India also, the corporate sector had to close its offices and employees were completely working from home. Due to technological advances in the connected era, the employees were remotely connected, and in attempts to avoid loss of productivity the work was getting done completely on virtual platforms. The employees working remotely and were not traveling to their offices since offices were completely shut. The sudden shift from office-based work, to a complete work from home scenario resulted in mixed feelings for many stakeholders. Purpose: This research attempts to capture the perception of employees (from the Indian Corporate Sector) on working from home/‘working online’ during the lockdown because of the Corona Virus pandemic. To understand the satisfaction, among employees towards a complete Work from home scenario and the benefits and challenges of working from home. It also tries to understand the factors influencing the effectiveness of working from home. Methodology: Secondary research involved a review of literature from various national and international journals. The primary study included a survey among employees of the Corporate Sector (mainly from Mumbai City) to understand their perceptions and attitudes toward working from home. A sample of 240 respondents is taken into consideration. The Survey questions consisted of a mix of open-ended and close-ended questions. Findings: The study on understanding working from Home during the Corona Virus pandemic outbreak and consequent lockdown gave the following results. The majority of employees can complete a large extent of their work responsibilities online, indicating a greater scope of remote working in the post-pandemic world. There is average satisfaction (67%) among employees working from home. Employees still regard offices as a better work arrangement for many factors like better productivity, better engagement and teamwork, high task variety, and better monitoring and discipline. Contribution: Study contribute to the understanding of Working from Home during the Corona Virus pandemic outbreak and consequent lockdown.
{"title":"A Study on understanding the benefits and challenges of ‘Working from home’ amid Covid-19 Lockdown","authors":"Dur Khan","doi":"10.52711/2321-5763.2023.00005","DOIUrl":"https://doi.org/10.52711/2321-5763.2023.00005","url":null,"abstract":"Introduction-The Corona Virus Pandemic and consequent lockdown in many countries across the globe resulted in travel restrictions. In India also, the corporate sector had to close its offices and employees were completely working from home. Due to technological advances in the connected era, the employees were remotely connected, and in attempts to avoid loss of productivity the work was getting done completely on virtual platforms. The employees working remotely and were not traveling to their offices since offices were completely shut. The sudden shift from office-based work, to a complete work from home scenario resulted in mixed feelings for many stakeholders. Purpose: This research attempts to capture the perception of employees (from the Indian Corporate Sector) on working from home/‘working online’ during the lockdown because of the Corona Virus pandemic. To understand the satisfaction, among employees towards a complete Work from home scenario and the benefits and challenges of working from home. It also tries to understand the factors influencing the effectiveness of working from home. Methodology: Secondary research involved a review of literature from various national and international journals. The primary study included a survey among employees of the Corporate Sector (mainly from Mumbai City) to understand their perceptions and attitudes toward working from home. A sample of 240 respondents is taken into consideration. The Survey questions consisted of a mix of open-ended and close-ended questions. Findings: The study on understanding working from Home during the Corona Virus pandemic outbreak and consequent lockdown gave the following results. The majority of employees can complete a large extent of their work responsibilities online, indicating a greater scope of remote working in the post-pandemic world. There is average satisfaction (67%) among employees working from home. Employees still regard offices as a better work arrangement for many factors like better productivity, better engagement and teamwork, high task variety, and better monitoring and discipline. Contribution: Study contribute to the understanding of Working from Home during the Corona Virus pandemic outbreak and consequent lockdown.","PeriodicalId":41247,"journal":{"name":"Asian Journal of Management Cases","volume":"147 1","pages":""},"PeriodicalIF":0.2,"publicationDate":"2023-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86102419","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-31DOI: 10.52711/2321-5763.2023.00006
Ummay Sumaiya Mutiatur Rasul, M. S. Uddin
Ramadan not only has a religious value to the community but also adds value to the economy through both formal, structured as well as informal unstructured employment. As during Ramadan, food consumption patterns change as well as people's tendency to buy religious items also heightens, it is an important month for the street vendors and impacts their socio-economic position for the year. This paper deals with gaining insight on social orientation, business modality, perception on the effect of festivals and the real effect of Ramadan and pandemic on the revenue and cost. The evidence suggests that despite the presence of other religious and non-religious festivals, Ramadan remains the most critical time for street vendors to generate additional revenue. However, the effect is greater for carts selling processed foods and religious items. The selling of religious items usually face a steep downhill during non-Ramadan times which makes it unsustainable throughout the year. However, although the pandemic hit the regular review of the street vendor, during Ramadan times they didn’t have to lower the prices of items being sold due to the persistent demand.
{"title":"Blessings on a Cart: Ramadan and Street Vendors in Dhaka","authors":"Ummay Sumaiya Mutiatur Rasul, M. S. Uddin","doi":"10.52711/2321-5763.2023.00006","DOIUrl":"https://doi.org/10.52711/2321-5763.2023.00006","url":null,"abstract":"Ramadan not only has a religious value to the community but also adds value to the economy through both formal, structured as well as informal unstructured employment. As during Ramadan, food consumption patterns change as well as people's tendency to buy religious items also heightens, it is an important month for the street vendors and impacts their socio-economic position for the year. This paper deals with gaining insight on social orientation, business modality, perception on the effect of festivals and the real effect of Ramadan and pandemic on the revenue and cost. The evidence suggests that despite the presence of other religious and non-religious festivals, Ramadan remains the most critical time for street vendors to generate additional revenue. However, the effect is greater for carts selling processed foods and religious items. The selling of religious items usually face a steep downhill during non-Ramadan times which makes it unsustainable throughout the year. However, although the pandemic hit the regular review of the street vendor, during Ramadan times they didn’t have to lower the prices of items being sold due to the persistent demand.","PeriodicalId":41247,"journal":{"name":"Asian Journal of Management Cases","volume":"140 1","pages":""},"PeriodicalIF":0.2,"publicationDate":"2023-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82879459","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-31DOI: 10.52711/2321-5763.2023.00011
M. Narayanan, S. Chandrasekaran
This Paper Provides an outline of in experienced banking initiatives as an emerging trend for banking enterprise in India. The banking quarter systematic upgrade and blessings for banking system. The Indian banking region provide services in clients. The economic improvement and aggressive economic help with public area banks and private area banks in southern districts of Tamilnadu. The customer’s cognizance and utilization of green banking initiatives to evaluate the practices and progress of the banking sports in sustainable development of banking quarter. The fundamental goals of the have a look at the purchaser usage of green banking projects and consciousness of the services. The have a look at conceptual evaluation that green banking initiatives across the sustainable improvement of the banking quarter. The inexperienced banking offerings and tasks cognizance and conceptual sustainable increase environmental activities. The examine subsequently concludes the banking zone greater than awareness programme and projects associated activities. It diversification of sports in green banking projects have lot extra efforts from banking area in each public sector and private area banks in the examine vicinity.
{"title":"A Study on Public Sector Banks and Private Sector Banks: Customer Usage of Green Banking Initiatives – A Special Reference TO Internet Banking","authors":"M. Narayanan, S. Chandrasekaran","doi":"10.52711/2321-5763.2023.00011","DOIUrl":"https://doi.org/10.52711/2321-5763.2023.00011","url":null,"abstract":"This Paper Provides an outline of in experienced banking initiatives as an emerging trend for banking enterprise in India. The banking quarter systematic upgrade and blessings for banking system. The Indian banking region provide services in clients. The economic improvement and aggressive economic help with public area banks and private area banks in southern districts of Tamilnadu. The customer’s cognizance and utilization of green banking initiatives to evaluate the practices and progress of the banking sports in sustainable development of banking quarter. The fundamental goals of the have a look at the purchaser usage of green banking projects and consciousness of the services. The have a look at conceptual evaluation that green banking initiatives across the sustainable improvement of the banking quarter. The inexperienced banking offerings and tasks cognizance and conceptual sustainable increase environmental activities. The examine subsequently concludes the banking zone greater than awareness programme and projects associated activities. It diversification of sports in green banking projects have lot extra efforts from banking area in each public sector and private area banks in the examine vicinity.","PeriodicalId":41247,"journal":{"name":"Asian Journal of Management Cases","volume":"26 1","pages":""},"PeriodicalIF":0.2,"publicationDate":"2023-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77257218","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-31DOI: 10.52711/2321-5763.2023.00008
Anil Kumar Gope, Wasif Ali
The study is intended to explore the antecedents and consequences of quality of work life across the organizations and sectors. The existing work falls in the category of exploratory research based on systematic literature review. Relevant highly cited literature has been downloaded and reviewed from popular data bases such as Emerald Insight, Elsevier’s Science Direct, Google Scholar, Scopus, Taylor and Francis, Inderscience Publishers, and Web of Science etc. The qualitative method of analysis was adopted for interpreting the works with critical thinking. The critical antecedents and consequences of QWL are explained with the help of systematic literature review. The study revealed eight QWL antecedents namely Adequate and Fair Compensation, Safe and Healthy Working Conditions, Opportunity to Develop Human Capacities, Opportunity for Career Growth and Security, Social Integration at Work Place, Constitutionalism at Work Organization, Work and Total Life Space, Social Relevance of Work Life. Further, the study also found that better QWL practices are positively associated with Job Satisfaction Organizational Commitment, Employee Performance, Employee Engagement, Reduced Turnover Intension, Decreased Absenteeism, Reduces Grievances, Increased Productivity, Employee Well-Being, Career Balance and Satisfaction. The article addresses the paucity of structured literature on the antecedents and consequences of QWL and presents an in-depth comprehensive review and offers a proposed conceptual framework for future research endeavours.
本研究旨在探讨跨组织和部门的工作生活质量的前因和后果。现有工作属于基于系统文献综述的探索性研究范畴。相关高被引文献已从Emerald Insight、Elsevier’s Science Direct、Google Scholar、Scopus、Taylor and Francis、Inderscience Publishers、Web of Science等热门数据库中下载并审阅。采用定性分析的方法，以批判性思维解读作品。通过系统的文献回顾，解释了QWL的关键前因和后果。研究揭示了8个前因，即充分和公平的报酬、安全和健康的工作条件、发展人的能力的机会、职业成长和安全的机会、工作场所的社会融合、工作组织的宪政主义、工作和总体生活空间、工作生活的社会相关性。此外，研究还发现，更好的QWL实践与工作满意度、组织承诺、员工绩效、员工敬业度、减少离职强度、减少缺勤、减少不满、提高生产力、员工幸福感、职业平衡和满意度呈正相关。本文解决了关于QWL的前因和后果的结构化文献的缺乏，并提出了深入全面的审查，并为未来的研究工作提供了一个拟议的概念框架。
{"title":"Antecedents and Consequences of Quality of Work Life: An In-depth Review for Future Research Agenda","authors":"Anil Kumar Gope, Wasif Ali","doi":"10.52711/2321-5763.2023.00008","DOIUrl":"https://doi.org/10.52711/2321-5763.2023.00008","url":null,"abstract":"The study is intended to explore the antecedents and consequences of quality of work life across the organizations and sectors. The existing work falls in the category of exploratory research based on systematic literature review. Relevant highly cited literature has been downloaded and reviewed from popular data bases such as Emerald Insight, Elsevier’s Science Direct, Google Scholar, Scopus, Taylor and Francis, Inderscience Publishers, and Web of Science etc. The qualitative method of analysis was adopted for interpreting the works with critical thinking. The critical antecedents and consequences of QWL are explained with the help of systematic literature review. The study revealed eight QWL antecedents namely Adequate and Fair Compensation, Safe and Healthy Working Conditions, Opportunity to Develop Human Capacities, Opportunity for Career Growth and Security, Social Integration at Work Place, Constitutionalism at Work Organization, Work and Total Life Space, Social Relevance of Work Life. Further, the study also found that better QWL practices are positively associated with Job Satisfaction Organizational Commitment, Employee Performance, Employee Engagement, Reduced Turnover Intension, Decreased Absenteeism, Reduces Grievances, Increased Productivity, Employee Well-Being, Career Balance and Satisfaction. The article addresses the paucity of structured literature on the antecedents and consequences of QWL and presents an in-depth comprehensive review and offers a proposed conceptual framework for future research endeavours.","PeriodicalId":41247,"journal":{"name":"Asian Journal of Management Cases","volume":"1 1","pages":""},"PeriodicalIF":0.2,"publicationDate":"2023-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78604921","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-31DOI: 10.52711/2321-5763.2023.00012
E. Devi, S. Rajamohan
The emergence and development of entrepreneurship is not a spontaneous one but a dependent phenomenon of economic, social, political and technological factors. Nowadays, many college graduates prefer to work as employee in a company or becoming government employee. Only few of them think to create self-employment or become entrepreneur due to lack of confidence in their skill and capital. These conditions may have both positive and negative influences on the emergence of entrepreneurship. For this and many reason, the disabled people involve themselves in entrepreneurial activities. The study implies that political, economical, social and technological factors(PEST analysis) such as family, friends, labour, government, field experience and so on together with motivational influences affect the entrepreneurship among the differently abled people for their start-ups.
{"title":"Factors affecting Entrepreneurship among the Disable people in Southern Districts of Tamilnadu - A Study","authors":"E. Devi, S. Rajamohan","doi":"10.52711/2321-5763.2023.00012","DOIUrl":"https://doi.org/10.52711/2321-5763.2023.00012","url":null,"abstract":"The emergence and development of entrepreneurship is not a spontaneous one but a dependent phenomenon of economic, social, political and technological factors. Nowadays, many college graduates prefer to work as employee in a company or becoming government employee. Only few of them think to create self-employment or become entrepreneur due to lack of confidence in their skill and capital. These conditions may have both positive and negative influences on the emergence of entrepreneurship. For this and many reason, the disabled people involve themselves in entrepreneurial activities. The study implies that political, economical, social and technological factors(PEST analysis) such as family, friends, labour, government, field experience and so on together with motivational influences affect the entrepreneurship among the differently abled people for their start-ups.","PeriodicalId":41247,"journal":{"name":"Asian Journal of Management Cases","volume":"1 1","pages":""},"PeriodicalIF":0.2,"publicationDate":"2023-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89733399","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-31DOI: 10.52711/2321-5763.2023.00015
Azeeza Begum, Janet Jyothi Dsouza, Dinesh K
The study deals with stock performance of Indian companies. To measure the stock market performance, the study applied Sharpe and Treynor ratio. The sample of BSE-100 stocks for the period of 10 years are used. The results show that Aurobindo Pharma (0.760373807) and Axis Bank (117.4119294) are the top ranked companies in terms of performance. This study will help the retail investors to anlyse the stock market investment for the long run.
{"title":"A Study on Stock Market Performance by using Sharpe and Treynor Ratio","authors":"Azeeza Begum, Janet Jyothi Dsouza, Dinesh K","doi":"10.52711/2321-5763.2023.00015","DOIUrl":"https://doi.org/10.52711/2321-5763.2023.00015","url":null,"abstract":"The study deals with stock performance of Indian companies. To measure the stock market performance, the study applied Sharpe and Treynor ratio. The sample of BSE-100 stocks for the period of 10 years are used. The results show that Aurobindo Pharma (0.760373807) and Axis Bank (117.4119294) are the top ranked companies in terms of performance. This study will help the retail investors to anlyse the stock market investment for the long run.","PeriodicalId":41247,"journal":{"name":"Asian Journal of Management Cases","volume":"103 1","pages":""},"PeriodicalIF":0.2,"publicationDate":"2023-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75686828","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-08DOI: 10.1177/09728201221146859
Abhinav Nath
The case is about the turnaround story of Palash Logistics, a third-party logistics company providing delivery solutions to one of India’s biggest online retail companies. It discusses the genesis of Palash Logistics, its problems and how it finally emerged to become one of the strongest players in the region in its segment. The case tries to present and discuss the importance of building trust between the employer and the employee, which ultimately leads to an exceptional organizational work culture. Besides this, the case also tries to highlight the significance of the role of an external management consultant who was brought into the system and how he made a successful turnaround by pulling Palash Logistics out of deep troubles and converting it into not only a successful and profitable company but also a formidable player in its segment in various states of North India.
{"title":"Turnaround of Palash Logistics","authors":"Abhinav Nath","doi":"10.1177/09728201221146859","DOIUrl":"https://doi.org/10.1177/09728201221146859","url":null,"abstract":"The case is about the turnaround story of Palash Logistics, a third-party logistics company providing delivery solutions to one of India’s biggest online retail companies. It discusses the genesis of Palash Logistics, its problems and how it finally emerged to become one of the strongest players in the region in its segment. The case tries to present and discuss the importance of building trust between the employer and the employee, which ultimately leads to an exceptional organizational work culture. Besides this, the case also tries to highlight the significance of the role of an external management consultant who was brought into the system and how he made a successful turnaround by pulling Palash Logistics out of deep troubles and converting it into not only a successful and profitable company but also a formidable player in its segment in various states of North India.","PeriodicalId":41247,"journal":{"name":"Asian Journal of Management Cases","volume":" ","pages":""},"PeriodicalIF":0.2,"publicationDate":"2023-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46024116","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-01DOI: 10.1177/09728201221148273
T. Kumar, P. Mishra
The knowledge centres (KC) established by Development Research Foundation (DRF) were part of an ambitious project to disseminate valuable information to the rural masses. The KCs purpose was to bridge the digital divide, which was supposed to be run by the local community. The Vikaspur KC initiative had a lot of potentials, but due to local politics and conflict among a few stakeholders, it faced many problems. The differences among the volunteers were the core issues that ultimately led to the lockout of the KC. There was a lack of proper managerial structure at the ground level. The local village dynamics also influenced this issue. The political structures and dynamics also influenced the conflict at the Vikaspur KC at the micro-level (village level) and the meso-level (provincial level).
{"title":"Vikaspur Knowledge Centre: Micro-Politics in a Community-Based Organization","authors":"T. Kumar, P. Mishra","doi":"10.1177/09728201221148273","DOIUrl":"https://doi.org/10.1177/09728201221148273","url":null,"abstract":"The knowledge centres (KC) established by Development Research Foundation (DRF) were part of an ambitious project to disseminate valuable information to the rural masses. The KCs purpose was to bridge the digital divide, which was supposed to be run by the local community. The Vikaspur KC initiative had a lot of potentials, but due to local politics and conflict among a few stakeholders, it faced many problems. The differences among the volunteers were the core issues that ultimately led to the lockout of the KC. There was a lack of proper managerial structure at the ground level. The local village dynamics also influenced this issue. The political structures and dynamics also influenced the conflict at the Vikaspur KC at the micro-level (village level) and the meso-level (provincial level).","PeriodicalId":41247,"journal":{"name":"Asian Journal of Management Cases","volume":" ","pages":""},"PeriodicalIF":0.2,"publicationDate":"2023-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43546627","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-01DOI: 10.1177/09728201221144109
A. Sinha, D. Satish
Burger King India (BKI), a master franchisee of the leading global quick service restaurant (QSR) chain Burger King US, filed its red herring prospectus (RHP) on 5 November 2019, with the Securities Exchange Board of India (SEBI) expressing its interest in going public. BKI was a major franchise of a multinational QSR, and its going public in India showed the confidence that large global QSRs had in the Indian markets. Despite the volatility caused by the global COVID-19 pandemic, BKI launched its IPO on 2 December 2020. The case study captures the complexity and challenges faced by the growing Indian QSR market and its diverse players and provides information for industry analysis. The case also provides strategic and financial information along with initial public offer (IPO) information to assess BKI’s performance and debate whether the price set is appropriate given that BKI was a loss-making firm and the uncertainty surrounding the pandemic continued.
{"title":"Burger King India IPO: Investment Dilemma","authors":"A. Sinha, D. Satish","doi":"10.1177/09728201221144109","DOIUrl":"https://doi.org/10.1177/09728201221144109","url":null,"abstract":"Burger King India (BKI), a master franchisee of the leading global quick service restaurant (QSR) chain Burger King US, filed its red herring prospectus (RHP) on 5 November 2019, with the Securities Exchange Board of India (SEBI) expressing its interest in going public. BKI was a major franchise of a multinational QSR, and its going public in India showed the confidence that large global QSRs had in the Indian markets. Despite the volatility caused by the global COVID-19 pandemic, BKI launched its IPO on 2 December 2020. The case study captures the complexity and challenges faced by the growing Indian QSR market and its diverse players and provides information for industry analysis. The case also provides strategic and financial information along with initial public offer (IPO) information to assess BKI’s performance and debate whether the price set is appropriate given that BKI was a loss-making firm and the uncertainty surrounding the pandemic continued.","PeriodicalId":41247,"journal":{"name":"Asian Journal of Management Cases","volume":"1 1","pages":""},"PeriodicalIF":0.2,"publicationDate":"2023-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43206105","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-07DOI: 10.1177/09728201221142386
M. Sriram
The case examines the valuation conundrum faced by the largest airline in terms of market share in the civil aviation industry in India. Indigo, a brand owned by Interglobe Aviation Limited, owned 47.2% of the total market share in India in 2019. The airline had done exceedingly well in terms of revenue growth. The share price also saw a meteoric rise from ₹1,000 to ₹1,800 in a short span of 4 years. Determining the intrinsic value of the airline’s share became imperative against the backdrop of the outbreak of the global COVID-19 pandemic. The global pandemic loomed large and seemed likely to disrupt the economy with a possible nationwide lockdown beginning in the last quarter of 2019–2020. All business activities were expected to come to a standstill. The airline industry was likely to be hit the worst, with economies across the globe restricting air travel (domestic and international). Valuation approaches such as discounted cash flow (DCF) technique and relative valuation multiples were employed to estimate the share’s intrinsic value. The intrinsic value was compared with the current market price to assess whether the airline stock was undervalued or overvalued. Questions on whether the airline could sustain this valuation in the future also came up. Tim Rogers, a recruit with an investment banking firm, was entrusted with the responsibility of analysing and valuing Indigo Airlines and preparing a recommendation report.
{"title":"Interglobe Aviation Limited: The Valuation Conundrum","authors":"M. Sriram","doi":"10.1177/09728201221142386","DOIUrl":"https://doi.org/10.1177/09728201221142386","url":null,"abstract":"The case examines the valuation conundrum faced by the largest airline in terms of market share in the civil aviation industry in India. Indigo, a brand owned by Interglobe Aviation Limited, owned 47.2% of the total market share in India in 2019. The airline had done exceedingly well in terms of revenue growth. The share price also saw a meteoric rise from ₹1,000 to ₹1,800 in a short span of 4 years. Determining the intrinsic value of the airline’s share became imperative against the backdrop of the outbreak of the global COVID-19 pandemic. The global pandemic loomed large and seemed likely to disrupt the economy with a possible nationwide lockdown beginning in the last quarter of 2019–2020. All business activities were expected to come to a standstill. The airline industry was likely to be hit the worst, with economies across the globe restricting air travel (domestic and international). Valuation approaches such as discounted cash flow (DCF) technique and relative valuation multiples were employed to estimate the share’s intrinsic value. The intrinsic value was compared with the current market price to assess whether the airline stock was undervalued or overvalued. Questions on whether the airline could sustain this valuation in the future also came up. Tim Rogers, a recruit with an investment banking firm, was entrusted with the responsibility of analysing and valuing Indigo Airlines and preparing a recommendation report.","PeriodicalId":41247,"journal":{"name":"Asian Journal of Management Cases","volume":" ","pages":""},"PeriodicalIF":0.2,"publicationDate":"2023-01-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47270905","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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