May 2016 |
Name | : | Testing Volatility for selected Indian Indices |
Author | : | A. Muthusamy ,S. Vevek |
Abstract | : |
Volatility can be estimated in two ways viz., historical and implied, whereas historical
volatility shows the past and the implied volatility shows the future movements
of the market. Estimation of implied volatility (IV) will be helpful for the market
participants including hedgers, arbitrageurs and speculators. The study attempts
to approximate IV of Index options of National stock exchange of India using three
different models viz. the Corrado-Miller's Model (1996), Brenner-Subrahmanyam's
Model (1988) and Bharadia-Christopher- Salkin's Model (1996) and to estimate the
market behaviour by comparing calculated IV with the India VIX on four option index
namely S&P CNX Nifty options, Nifty Midcap 50 options, Bank Nifty options and CNX
IT options. Near month At-the-money contract were chosen for the period of five
years and ten months from 2nd March 2009 to 31st December 2014 for all the four
indices. The findings of the study reveal that in most of the contracts the calculated
IV is different from the India VIX. The market participants could make their investment
strategies based on the calculated volatility appropriately (whether underpriced
or overpriced). The speculators especially are interested in the volatility trading
this could help them in a big way to position them-self in the market movement.
Keywords: Implied volatility (IV), India Volatility Index (VIX), Corrado-Miller's
Model, Brenner-Subrahmanyam's Model, Bharadia- Christopher-Salkin's Model
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Name | : | A Study of Relationship between Job Satisfaction and Emotional Intelligence among School Teachers of Kangra District of Himachal Pradesh |
Author | : | Shinu ,Renu Bala,Lalita Kumari |
Abstract | : |
Job satisfaction is the favorable and unfavorable subjective feelings with which
employs view their work. The aim of this study to study the job satisfaction among
secondary school teachers in relation to their emotional intelligence with special
reference to Kangra district of Himachal Pradesh. A sample of 220 respondents is
selected which is further divided in male and female in 1:1 ratio. 2*2 factorial
design (ANOVA) test is used. The result shows that there is significant difference
among male and female respondents regarding their job satisfaction and there is
job satisfaction among teachers of high Emotional intelligence and low Emotional
intelligence in schools. The result also shows that there is no significant interactional
effect of the gender and emotional intelligence on job satisfaction of secondary
school teacher. The results of this study may be helpful for human resource managers
especially in schools to satisfied and retained their talented and loyal workforce.
Keywords: Job Staisfaction, Emotional Intelligence, H R managers.
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Name | : | Investors' Awareness About Investment in Stock Market |
Authorhor | : | Dr. K. Banumathy,Dr. R. Azhagaiah |
Abstract | : |
Abstract The present study aims at to study the awareness of investors on stock
market investment. The data were collected from 290 stock market investors of Puducherry
using structured questionnaire. The analysis is made using Mann-Whitney U test and
Kruskal-Wallis H Test. The study proves that there is a significant difference between
male and female investors on awareness of stock market investment; there is a significant
difference among the age, educational and occupational groups with respect to awareness;
there is also a significant difference among the investors of different age and
occupational groups, in respect of awareness. Keywords: Awareness, behavioural finance,
BSE, investment decision, stock market. JEL Classification: G11, G02 and G10.
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Name | : | Measuring Customer Satisfaction and Factors Affecting it in Banking Sector: A Case Study of Banks in Bhubaneswar City |
Author | : | Dr. Suresh Chandra Bihari , Shovita Mahapatra |
Abstract | : |
With the economic growth of country being on accelerating mode, role of banking
industry is also important in this growth. Today, banking is regarded as a consumer-oriented
service industry and banks have started realizing that their business increasingly
depends on the quality of the consumer service provided and overall satisfaction
of the customer. The service quality has been regarded as the important factor in
order to succeed and have endurance in banking industry, especially when there has
been continuously growing competition. The purpose of this paper is to identify
the factors affecting customer satisfaction in retail banking and to measure the
level of customer satisfaction. This is an empirical study using mainly primary
data collected through a wellstructured questionnaire. It is hoped that this research
paper would help the banks in improving the overall level of customer satisfaction,
thereby helping the banks to retain and expand their overall customer base. Keywords:
Customer Satisfaction, Banks, Service Quality
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Name | : | Analytical Study of Psychological Contract and its Impact on Employees Retention |
Author | : | Ms. Sonal Bisht , Prof (Dr.) D.S. Chaubey,Mr. SP Thapliyal |
Abstract | : |
dynamic change in the HR approach for managing employee and employer relationship.
Employee's retention has become the major concern for the management. The Psychological
Contract has been of increasing interest for HR departments as it can be used to
measure factors impacting behavior in the workplace. The present research work aims
at examining the relationship between psychological contract and employee's retention.
This is done by integrating finding of different factor of Psychological contract
on retention management. In the present study a sample of 83 employees working in
service organization was taken up. The components of Psychological contract and
their attitude toward retention policies and their outcome were rated at 1 to 5
Likert scale. The results of study are discussed and implications for HR managers
are highlighted. Key Words: Psychological Contract, Employees Retention, Retention
Management,
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Name | : | Changing Buying Perception towards Branded Durable Products Through E-advertising |
Author | : | Dr. Kapil Raj Chandoriya,Dr. (Mrs.) Kamlesh Singh,Prof. K. S. Thakur |
Abstract | : |
Current research paper has been diverting perception of consumers on Durable Products
Brands through E-Advertising in rural as well as urban markets by using a regression
analysis. In general word consumer perception is cognitive or thinking process and
an individual's activities, emotions, feelings etc. are based on his perception
of his surroundings or environment. This research will help many marketers to understand
consumer perception in today's cut throat competition. Keyword: Consumer perception,
Durables products, Brands, Marketing.
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Name | : | Role of Brand Equity and Brand Identity on Preferences of Smartphones among Students |
Author | : | Dr. M. Jyothsna,Dr. S. Mahalakshmi,Mr. P. Naga Sandeep |
Abstract | : |
Brands are one of the most valuable assets of a company . High brand equity levels
are known to lead to higher consumer preferences and purchase intentions. Brand
Equity measures like Brand Awareness , Perceived Quality, Price and Brand Association
and Brand Identity Measures like culture, self image and personality are considered
for the purpose of this study.When a consumer perceives high brand equity he is
willing to pay premium prices. Brand loyal customers act as advocates for a brand
by engaging in positive word of mouth. Self image includes the attributions a consumer
makes and a consumer thinks that others make to the typical user of the brand. Brand
personality traits in a product are akin to a person's traits. Today there is stiff
competition among smartphone companies. To stay ahead of competition they should
take regular feedback from customers. Marketing strategy must be carefully chalked
out. The purpose of this research is to understand how different components of brand
equity and brand identity measures influence students in their preference between
Apple and Samsung Smartphones. Primary data was obtained through questionnaires
collected from 200 students. Likert scale and weighted average was used to arrive
at the results. Key Words: Brand Equity ,Brand Identity Measures ,Brand Personality
, Marketing Strategy,Smartphone.
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Name | : | Involvement of Children in the Family Buying: A Review |
Author | : | Dr. Monica Chaudhary |
Abstract | : |
This paper reviews the literature on my research area “Role of Children in the family
buying process. This extensive review attempts to understand the growing role of
children in the family buying process. From a mere user, children have grown to
influencer and now to a real buyer. With growing purchasing power children's role
is very rapidly shifting from influencer to buyer. This conceptual review is very
detailed in terms of different methodologies adopted by the researchers. Also this
review is deductive in nature where the various factors affecting the child's role
in the family buying process re identified. Key words: Family buying, Role of children,
India
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Name | : | Impact of Microfinance on Tribal Development in Telangana |
Author | : | Dr. I Anand Pawar |
Abstract | : |
The existing rural credit system in India has failed to live up to the expectations
and development of the poorer sections of the society. Many empirical evidences
bear sufficient testimony to this. Further, the banking system too has failed to
deliver when it comes to meeting the needs of the weaker sections of the society
especially the women. Therefore, an effective credit delivery mechanism, which could
ensure credit delivery in a sustainable manner, has become a necessity. In this
paper an attempt has been made to analyze the impact of microfinance on Tribal Development
in Telangana State in terms of household income; assets acquired and employment
generation before and after joining SHG and availing micro credit. Keywords: Microfinance,
Self Help Groups, Bank linkage model, Tribal Development.
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Name | : | Corporate Governance Reporting Practices Effect on Shareholder Value: A Study of Private Sector Banks in India |
Author | : | Ravneet Kaur , Dr. Rajinder Kaur |
Abstract | : |
Corporate Governance is a set of systems and processes which ensures that the company
is managed in the best interests of all the stakeholders. The basic objective of
corporate governance is to maximise the shareholders value while protecting the
interests of stakeholders. In other, words the main objective of corporate governance
is to lay stress on profit maximisation as well as social responsibility and towards
the wealth maximisation of shareholders. In the present study an attempt has been
made to study the effect of corporate governance practices on shareholder value
creation. Keywords: Corporate Governance, Private Banks, Wealth Maximisation.
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Name | : | Public Transport Service Quality and Passenger Satisfaction: A Case of UPSRTC, Agra, India |
Author | : | Manoj Kumar,Vikas Anand,Anup Srivastava |
Abstract | : |
Public services are offered by government to the public for their wellbeing and
are offered to them on the basis of the principle of equality. This study measures
the level of customer satisfaction with the quality of services offered by Uttar
Pradesh State Public Transport Corporation (UPSRTC), Uttar Pradesh State in India.
The study was conducted on over 2,000 passengers during June 2015 and October 2015.
The various dimensions that are considered include safety, behavior, facilities,
response to quarries, comfort, cost, availability etc. The study results reveal
that while the passengers highly dissatisfied from attributes such as “Overall conditions
of the buses” and “Behavior of the bus drivers and conductors”, the other attributes
viz., “Cleanliness of bus stand amenities”, “Economy in travel by buses of UPSRTC”
and “Comfort inside buses while travelling“ etc also contributed in overall high
degree of dissatisfaction among them. The study concluded with the findings of highly
dissatisfied customers of UPSRTC and many scopes of improvements in the services
being offered by UPSRTC. Keywords: Public Transportation, Services, Quality, Satisfaction,
UPSRTC, India
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Name | : | An Empirical Research on Stock Split: Volatility Measure of Stock Price |
Author | : | Dr. Chetna Parmar |
Abstract | : |
The study is to test on stock split that means the division of shares into a large
number of shares with lower unit value. There is no change in the proportional holding
of shares. A stock split has no immediate effect on a stockholder's equity. The
prime objective of this paper is to analyze the information impact of the stock
split on the BSE 500 of Bombay Stock Exchange. Data collection is based on secondary
type, form website www.bseindia.com. The study is based on the stock split which
is listed in the NSE and BSE of those companies which are included in the NSE 50
and the BSE 30 companies who splits their shares during the 1st January, 2001 to
30th January, 2015. Analysis of the stock split effect on the price and volume,
have to be scrutinized Cumulative Abnormal Return (CAR), Average Abnormal Return
(AAR), Mean Cumulative Abnormal Return (MCAR), Mean Average Abnormal Return (MAAR).
The last test on whether the investor can make an above normal return by relying
on public information impound in stock split. There is no significant trading volume
difference on day before stock split but there is huge volume on the split date
and after that. Keywords: BSE 500, Stock Split, Cumulative Abnormal Return (CAR),
Average Abnormal Return (ABR), Mean Cumulative Abnormal Return (MCAR), Mean Average
Abnormal Return (MAAR). Estimation Windows, R-Square, Alpha, Beta, Expected Return,
Abnormal Return.
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Name | : | What Causes Stress among Academic Administrators: An Empirical Investigation |
Author | : | Dr. Seema Malik |
Abstract | : |
Purpose: The administrators like principals, head of the departments, deans & chairpersons
play a very important role in achieving educational objectives in their respective
educational institutions. This paper makes an empirical investigation about the
major causes of stress for the administrators and presents the overall level of
stress. Design/Methodology/Approach: A sample of 200 administrators was taken and
different statements regarding causes of stress were asked. Factor analysis was
applied to these statements to extract the main factor contributing to stress so
that most important factors will be identified in order to make the effective strategies
to cope up stress. Findings: The study revealed that the factor Role conflicts &
Role ambiguity is the main stressor contributing more towards overall stress. Staff
related problems are the second dimension contributing to the stress level. Work
overload is considered as 3rd stressor while High self expectations and poor working
conditions are ranked as 4th & 5th stressor. The overall stress level is 3.762 which
indicated that administrators are having high level of stress on their positions.
Key words: Stress, Administrators, Work, Conflict.
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Name | : | 4Ps Framework of Unorganized Marketing in Pilgrim Centres of Chittoor District in Andhra Pradesh. |
Author | : | K.S. Ram,Dr. M. Munirami Reddy |
Abstract | : |
Pilgrim Centre shopping complexes are part of unorganized sector. In this study
the 4Ps –Product, Price, Promotion and Place, at pilgrim market place are examined
and analyzed to show how they operate. Key words: Unorganized market, pilgrim visits,
and motive, sacred, secular and locality special products, Four Ps in unorganized
markets, Store layout and image, Niche market, advantages and disadvantages. Survival
of pilgrim shopping complexes.
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Name | : | Lord Shiva: The Greatest Management Guru of All Times Ms. Sweety Gupta |
Author | : | Mr. Shiv Gupta |
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Name | : | Corporate Snapshot: INDIA |
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Name | : | ECONOMIC UPDATE |
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Name | : | Editorial |
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Name | : | STATS WINDOW |
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