April 2018 |
Name | : | Index |
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Name | : | Exploring the Unexplored India: An Opportunity in Tourism Industry (With Special Reference to Eastern States in India) |
Author | : | Dr. Laxmi Goritiyal, Ms. Sweta Basu |
Abstract | : |
Globally, it is perceived that India is all about visiting one of the wonders of
the world, however, India has much more to offer. There is an India beyond the Taj
Mahal, which is more enthralling, rewarding and beautiful. The mind-set of domestic
tourists has always been to ‘save for the rainy day’ and hence majority of the population
does not like spending much on tourism. However, the millennials are more open to
exploring new locations as they feel confident, connected and are more open to change.
As per the Govt. of India reports tourism contributed 9.6% to the GDP, and it is
projected to grow further but has not been realized to its full extent. Every state
in India has very unique and different flavors to offer to each tourist depending
on the travelers interests, be it leisure, spiritual, adventurous, cultural etc.
To make tourism a value for money expenditure for both international and domestic
travelers, grouping of certain locations in India which are in close proximity and
are well-connected by airways and/or roadways could be great as it would help in
increasing employment opportunities and also generate revenue for the government.
Initially, the government will have to make some investments at the unexplored locations
in terms of adequate infrastructure, food and hygiene, safety of the tourists, spots
around the place and phone towers. Government initiatives encouraging ease of doing
business in the tourism and hospitality sector in the country has attracted FDI
and has also helped in getting investments from many companies in this arena. This
paper aims to explore the prospects of locations in India which are unfamiliar to
the international as well as domestic tourists.
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Name | : | What Prompts a Customer to Search and Shop Online – A Study of Punjab |
Author | : | Savneet Kaur |
Abstract | : |
Shopping has gone to a new dimension with the presence of stores selling products
and services through internet. E-commerce and online shopping has expanded like
a forest fire in last few years. Most of the traditional retailers have become e-tailers
along with traditional brick and mortar business houses. There are several factors
which motivate the consumers to shift from the physical stores to online stores.
Since, likes and preferences varies from person to person, it’s not necessary that
same factors affect the consumers buying behaviour in the same manner. What needs
to be answered is - how the behaviour and expectations of the consumers will change
when they shift from traditional physical markets to virtual markets. What’s more
challenging is to compare the two different sets of consumers with regards to their
preferences towards online shopping. The present study was conducted among the rural
and urban consumers of Punjab. Two cities and two villages falling under the districts
of the selected cities were selected as per the convenience of the researcher for
the purpose of the study. A hypothesis was tested to understand the impact of motivating
factors on the online purchase behaviour of the rural and urban consumers in Punjab.
The collected data was analyzed using KMO factor analysis, Pearson’s correlation
and stepwise multiple regression analysis. The results indicated that rural consumers
in Punjab have better online behaviour as compared to their urban counterparts i.e.
rural consumers are more satisfied with their online purchases.
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Name | : | Changing Consumption Basket in Rural and Urban Areas- A Journey from Conventional Food to Convenience Food |
Author | : | Dr Kiran Mor, Savneet Sethia |
Abstract | : |
Purpose- The purpose of this study is to explore and study the awareness and determinants
(demographics and psychographics) impacting consumers food choice towards Traditional
food and convenience Food and reasons for shifting towards processed Food.
Design/Methodology/Approach- Food choice variables have been explored using literature reviews and exploratory survey of consumers in the rural and urban areas. Data obtained from the reliable sources (e.g. World Health Organization, NSSO data, Euro monitor International and Data monitor International) has been used to study the implications of consumer food choice and growing trend towards Cereal Convenience Food Products. Findings- Based on literature reviews and exploratory surveys, the key determinants impacting consumers food choice are passion for eating, ambience, taste and convenience for dual-income families in urban. Findings indicate that food companies can no longer rely on convenience as USP in India, unless the implications of same on consumers health is given equal importance in the years to come. Research Limitations /Implications- Data obtained from the probability systematic random sampling and literature reviews has been generalized for inferring consumption patterns of Indian consumers in rural and urban areas. Practical Implications- This case study focus on growing trends towards Convenience food and reasons for shifting from Traditional Food to Convenience Food. Originality/ value- This paper focus on determining a food choice model in wake of changing food and eating habits in rural and urban areas, using literature reviews, exploratory survey and reliable data sources. |
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Name | : | Corporate Governance Disclosure Practices: The Potrait of Gail |
Author | : | Dr. Meenu Maheshwari |
Abstract | : |
Research Issue : The last years have witnessed a dramatic collapse of major corporate,
across the world. This has brought to the fore a major lacunae in the Corporate
Governance system. Hence the focus of the governments, regulators, companies, investors
and the general public has shifted to updating the efficacy of the Corporate Governance
system. Good Corporate Governance is simply Good Business. This study associates
the Corporate Governance Disclosure Practices of GAIL which is included in BSE SENSEX.
Following objectives of this study are-
1. To determine the Corporate Governance Disclosure Practices in GAIL included in BSE SENSEX. (For three financial years 2014-15, 2015-16, 2016-17). 2. To identify the areas where in further improvement in terms of Corporate Governance is necessary. Research Findings: As per SEBI’s Regulation 2015 GAIL constituted statutory committee viz., Audit Committee, Stakeholders, Relationship Committee and Nomination and Remuneration Committee but GAIL has no proper combination between Executive Director, Non- Executive Director and Independent Director in all three years. GAIL also did not have one woman director in all three years. Research Suggestions: Gail should have ½ of the Board of Director as Independent Directors. The Chairman of the company should be NED for the compliance of SEBI’s Regulation 2015. Directors of the company should be present in all board meeting. They also should be attending AGM to answer the queries of stakeholders. GAIL should have at least three Non-Executer Directors and at least half of the members should be Independent Directors. The Chairman of the Committee should be Independent Director. |
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Name | : | Impact of Financial Management Decisions on Profitability-A Study of Steel Companies in India |
Author | : | Dr. Sangeeta Mittal, Minaxi Mittal, Lavina |
Abstract | : |
The present study analyzes the impact of financial management decisions namely financing
decision, dividend decision and working capital management decision on profitability
of selected 20 steel companies for the period of 10 years starting from 2007-2016.
Current ratio, debtor turnover ratio, debt equity ratio, interest coverage ratio
and total dividend as % of profit after tax collectively represent the financial
management decisions. Profitability of steel companies has been measured by return
on assets. Panel data regression model has been applied for analyzing the results.
The empirical results found that current ratio, debtor turnover ratio, debt equity
ratio, interest coverage ratio are significant while total dividend as % of profit
after tax is a non- significant determinant of profitability of steel companies.
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Name | : | Perception of Farmers towards Agriculture Insurance Schemes |
Author | : | Dr. Apeksha Bhatnagar |
Abstract | : |
Agriculture Insurance is a risk management technique for farmers to save them from
the effect of the losses that are occurred due to some unforeseen or unpredictable
phenomenon. Unfortunately agriculture has it as a necessity. Agriculture is mostly
affected by such factors, as it is dependent on weather for its production. Loss
in production results in loss in revenue from the sector. This leads to a number
of unfavorable outcomes for the economy such as farmers leaving the sector for their
survival, GDP contribution from agriculture is also decreasing that restricts the
development of agriculture sector in India, unemployment and poverty. Hence the
development of agriculture sector is essential for the development of Indian economy,
because agriculture sector provide employment to a major part of population; this
sector also is the third largest contributor to Indian GDP. Whatever growth expectations
cannot be achieved without developing the agriculture sector. in development of
the sector, there are certain issues which can not be eliminated completely, loss
in production due to adverse weather conditions is one of those issues. Weather
changes are not completely predictable, specially in India which has such a vast
variety of weather conditions in different regions, therefore the revenue from the
sector cannot be stable, it varies according to the effect of weather conditions.
To control the effect of these losses on farmers’ financial status, to motivate
them to not to leave the sector, Agriculture Insurance schemes were launched. Government
has been taking steps in this regard since independence yet these efforts are not
successful in mitigating these risks as these risks are uncertain and unpredictable.
First Agriculture Insurance was launched in India in 1972. Since then there have
been different agriculture insurance schemes implemented in India. These schemes
were launched with the aim of compensating the losses occurred in agriculture production,
which they could not achieve and the sector is struggling for growth. The researcher
wants to find out the reasons for the failure of these schemes and how farmers perceive
such insurance schemes. To analyze their perception researcher went to some farmers
and some insurance agents.
This paper aims to find out the perception of the end user i.e. farmers towards the agriculture insurance scheme and what they think are the reasons for the failure of these schemes so far. For this research interviewed some of the farmers and people related to administration of agriculture insurance in Udaipur. Responses of farmers and insurance agents were analyzed and conclusion was drawn by qualitative research. Farmers responses on different factors like premium awareness, willingness to purchase the scheme, claim settlement, weather station all three current schemes overall impact and their satisfaction with them was taken. |
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Name | : | The Relationship of Net Asset Growth and Profitability Index with Stock Returns Evidence from Tehran Stock Exchange |
Author | : | Nasser Saki , Ali EsmaeilzadehMaghari, Mahtab Arab, Reza Heidari |
Abstract | : |
The purpose of the present researchwas to examine the potential relationship of
asset growth and profitability indexwith the expected stock returnsin the listed
companies on Tehran Stock Exchange (TSE). Three types of variable were involved:net
asset growth, profitability, profitability index derived from net asset growth,
and growth opportunities were the independent variables;expected stock return was
the dependent or outcome variable; and firm value, free cash flows (FCFs), and earnings
were used as control variables.The data analysison a sample of450 firm-yearsfromTehran
Stock Exchangein the period 2009-2014 indicated net asset growth (QInvi,t), profitability
(Proi,t), and profitability index derived from net asset growth (ProqInvi,t) as
the covariates ofthe firmexpected stock returns.
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Name | : | Impact of Monetary and Financial Policy on the Volume of Trading in the Tehran Stock Exchange |
Author | : | Mahdi Yaghoubi, Alireza Moradi, Babak Jamshidinavid, Mehrdad Ghanbari Gupta |
Abstract | : |
Monetary and financial policies are one of the most important macroeconomic policies
that affect stock market to large extent. The knowledge of how these policies influence
is the important step in national and regional planning and development. The purpose
of this research is analyzing the impact of the monetary and fiscal policies on
Iran's capital market since 25 years. The data in this research is taken from the
period ranging from year 1991 to year 2016. The number of observations of this research
was 100 observations. This research is analytical and quasi-experimental. The research
design is descriptive and applied. , in terms of purpose is applied, in terms of
implementation logic is deductive, in terms of. In this research, out of 360 models,
2 final models were extracted and analyzed. In analyzing the data to determine the
effect of the independent variable on the dependent variable multiple Regression
was used, as well as to compare the different governments the Wald test was used
and to test the root of the Dickey Fuller test are used. The results of this study
showed that the effect of the monetary and financial policies on volume of transactions
in the capital market is significant.
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Name | : | Online & Offline Consumer Buying Behavior (With reference to Udaipur City) |
Author | : | Dr. Rimpi Saluja, Dr. Ritu Soni, Dr. Shilpa Vardia |
Abstract | : |
In last 20 years there has been seen a big transformation in terms of lifestyle,
preferences and buying trends among Indian consumers. Consumer buying behavior is
influenced by many factors like personal, social, environmental, psychological and
technological. Rapid advancement in technology and use of internet has brought a
drastic change in consumer buying behavior. More and more consumers are shifting
to online shopping due to its various advantages. Present study examines the factors
that motivate consumers to decide whether to do online shopping or go for offline
shopping. A comparative study is done to find the satisfaction level with experience
of consumer buying online and also to analyze the preferences of male and female
for online shopping. The research is based on primary data collected through close
ended structured questionnaire. Consumers are purposively selected of different
age groups includes students, working professionals, housewives and business class
people etc.
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Name | : | Adoption of E-wallets: A Post Demonetisation Study in Ahmedabad City |
Author | : | Dr. Jasmin Padiya , Prof. Ashok Bantwa |
Abstract | : |
On 8th November 2016 honorable prime minister of India took a phenomenal step by
declaring that two highest denomination currency notes in India (500 rupee notes
and 1000 rupee notes) will not remain legal tender. Demonetization decision coupled
with government’s initiative to make India a cashless economy is expected to bring
a phenomenal transformation in the way people make payments and expected to increase
inclination towards online payment. Among the various modes of online payments the
mode gaining popularity during present time is E-wallets. In a nation such as India
where larger part of clients still favors Cash-On-Delivery, it is difficult to fasten
the pace of process of innovation diffusion such as digital wallets. This generates
research interest to study the readiness of people to use E-wallets and factors
influencing the adoption of E-wallets including the factors refraining the usage
of it, during the post demonetization period. This research paper is aimed at examining
the adoption of E-wallets as a mode of payment in Ahmedabad City and to ascertain
the factors encouraging and preventing the usage of E-wallets during the post demonetization
period. This paper also throws light on adjuvant issues like impact of demonetization
decision on preference for online payments, impact of various demographic factors
on usage of E-wallets, problems faced by people while using E-wallets etc. The study
is based on 318 valid responses received through a structured questionnaire. Data
collected was analyzed by using percentages, cross tabulation and statistical tools
like ANOVA. Through this study researchers found that, E-wallet users give very
high level of importance to attributes like security, privacy concerns and pricing
(Fees). The major problems frequently encountered by the respondents while using
E-wallet are long transaction time taken by E-wallet for processing the transaction,
security breach and delayed payment. Demonetization drive of government of India
has contributed immensely towards awareness, usage and acceptance of online payment.
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Name | : | Existence of Relation between Performance of Banking Sector and Internal Process |
Author | : | Shikha Goyal, Dr Ambika Bhatia |
Abstract | : |
Banking Sector, being a main player of Money and Capital market in India, performs
an essential role in the economic development of the country. Now a day, banks are
engaged in wide range of activities, offering variety of financial products and
services to huge number of customers. They have also entered into the consultation
market and provide comprehensive service package to individual customers and corporate.
These customers and corporate need special responsiveness and services that will
lead to high customer satisfaction and loyalty and that will lead to high earnings
and growth. Focus on upgradation of internal business process is a primary strategic
objective to survive in the fierce competition. This paper describes the impact
of internal business process perspective while analyzing banks’ performance by taking
4 public sector banks and investigating whether this perspective was same across
all the banks. Also the significant variables under internal business process perspective
were taken out from the analysis on which banks should focus more.
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Name | : | Obstacles Faced by Small Medium Enterprises in Imparting Training: An Empirical Study on Textile Industry |
Author | : | Alpa Sethi |
Abstract | : |
In this growing globalized environment where a fast innovative and technical changes
entering into markets, products and processes somewhere affecting the sustainability
& growth of SME’s. Therefore, most of them are either closed or are on the verge
of closing. Thus, it becomes imperative for SME’s to refocused on their factors
of production especially skill set of labour and training is the best medium for
enhancing and updating skills of human resource. But in SMEs there are so many reasons
that create hurdles in the path of organizing effective training for SMEs employees.
So, the aim of his paper is to focus on relevant constraints faced by SME’s in conducting
effective skill enhancement programs. For this purpose, a survey questionnaire method
was used to gather data from 76 small medium enterprises owners located in Bhilwara
district of Rajasthan .Several descriptive statistical analysis method like central
tendency, percentage etc were used. Further, factor analysis method (Principal component
method) was applied to get factors from set of observed variables which constraint
the training. Moreover, Bartlett’s test and KMO test was applied to know the applicability
of Factor analysis. Further, it was found that after applying factor analysis on
13 obstacles, there are three major reasons: Manpower risk, scarcity of resources
and training awareness which actually create obstacles for SMEs in imparting training.
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Name | : | The Effect of Social Media Use at Work on Employees' Performance by Considering the Mediating Role of Trust, Shared vision, Network ties and Knowledge Transfer: An Empirical Case Study |
Author | : | Mohammad Delavari, Ali Badizadeh |
Abstract | : |
Due to the increased popularity of social media for sharing information and increasing
communication, organizations have started to think about the employment of these
communication tools at their workplace for various purposes. In this regard, this
study tended to determine the effect of social media use at work on employee performance,
considering the mediating role of trust, shared vision, network ties and knowledge
transfer in Irancell Services Center. Hypotheses evaluated the effect of social
media use at work on three dimensions of social capital (shared vision development,
trust and network links), knowledge transfer, and eventually employee performance.
The studied population consisted of all managers, experts and employees of Irancell
Telecommunications Service Co; 300 samples were randomly selected and measured.
The instrument used for collecting data was a 37-question standard questionnaire.
Validity was measured by C.V.R content validity and Cronbach's alpha was used to
measure reliability. To test hypotheses, structural equation modeling was done by
Amos 23 software. The results showed that social media had a positive effect on
shared vision (44%), network ties (30%) and trust (73%); shared vision of employees
had a positive effect on knowledge transfer (22%). Moreover, trust had a positive
effect on knowledge transfer (34%); however, network ties had no positive effect
on knowledge transfer. Finally, shared vision, network ties and knowledge transfer
had no positive effect on employee performance, while trust had a positive effect
on employee performance (26%).
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Name | : | Globalisation and its Influential Factors: An Analysis on India |
Author | : | Somnath Das |
Abstract | : |
Globalisation of a country signifies the connectivity with various nations through
different forms of trading. Globalisation has been measured by Globalisation index
(GCI). Generally, it focuses on the flow of trade, capital, information and human
being of nations. Globalisation of a country may be influenced by various macro
environmental elements; like, Human Development Index (HDI), Corruption Perception
Index (CPI) and Global Terrorism Index (GTI) etc. Objective of this study is to
identify and analysis the effect of the above mention environmental elements on
globalisation index of India. Multiple Regression model has been implemented on
forty seven years (1970 to 2016) related data of macro environmental elements and
globalisation index for calculation of results. Result of the study reveals that
some determinants have positive impact on globalisation of India during the sample
period and some have not.
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Name | : | Factors affecting the Customers' Purchase Decision of Sportswear in Tehran City |
Author | : | Saghar Zarinkamar, Dr. Vahid Reza Mirabi |
Abstract | : |
The main purpose of this research is to investigate the factors affecting customer
purchasing decision in the sports wear industry based on the marketing mix model.
The statistical population is about 2600 people. Random stratified sampling method
was used as the sample in this study. A sample with 335 people was obtained using
Morgan's table due to the limited population. In this research, after the retrieval
of the questionnaires and the one-sample t-test was applied. According to the applied
test and normalization of the data, the results were as follows:
1- The product attributes affects the customers’ decision to purchase sportswear in Tehran City. 2- The price offered affects the customers’ decision to purchase sportswear in Tehran City. 3- The place of supply and distribution of goods affects the customers’ decision to purchase sportswear in Tehran City. 4- The advertisements affect the customers’ decision to purchase sportswear in Tehran City. |
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Name | : | E- Shopping using Mobile Apps and the Emerging Consumer in the Digital Age of Retail Hyper personalization: An Insight |
Author | : | Parag Sunil Shukla, Dr. Priti V. Nigam |
Abstract | : |
Driven forward by technological innovation, the retail paradigm is in the midst
of a significant shift. The proliferation of shopping channels has fundamentally
impacted consumer behaviour, creating a more diffused shopping experience that is
increasingly being carried out over multiple channels. Mobile capabilities are at
the centre of this diffusion; their ubiquity has opened up a wealth of new opportunities
for retailers to market to and engage with consumers. Mobile has become a formidable
commercial channel. Moreover, through innovative mobile tools like shopping apps,
location-based services, and mobile wallets, retailers can deliver hyper-contextual
marketing messages to consumers, wherever they may be. Thanks to smartphones, brands
are more embedded than ever in consumers’ daily lives. As the rapid growth of smart
devices, the development of mobile applications (App) has been gradually become
the focal point which the enterprises pay attention. Since the “mobile applications”
owns the characteristics of entertainment, functionality, information, socialization
as well as intellectual stimulation and so on, therefore it gradually becomes the
emerging innovative marketing tools for marketing. In this research paper, an attempt
has been made to understand the key linkages between experiential value and usage
attitude of the shoppers’ who prefer to use shopping applications. In this study
an attempt has been made conceptually understand the complicated courtship between
the connected consumers in today’s digital age and the emergence online shopping
using mobile apps. This research paper aims to provide a valuable reference for
enterprises which are initiating or conducting the implementation of mobile shopping
applications, and for researchers interested in the technological innovations in
the future.
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Name | : | Economic Update |
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Name | : | Stats Window |
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Name | : | Corporate Snapshot |
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