ISSN: 0974-438X
Imapct factor(SJIF): 5.889

Home | About Us| Invitation For Manuscript| Review Process| Indexing| Subscription | Disclaimer

 

 

PBRI is now indexed in ESCI by THOMSON REUTERS. Pacific Business Review International is included in the UGC List of Recommended Journals (D.O. No. F. 1-1/2016 (PS) Amendment dated 10th January 2017) (S.No. 28633).

 
Editorial Board A Refereed Monthly International Journal of Management
Prof. B. P. Sharma
(Editor in Chief)
Prof. Mahima Birla
(Editor)
Prof. Harshita Shrimali
(Consultative Editor)
Dr. Khushbu Agarwal
(Additional Editor)
Ms. Asha Galundia
(Circulation Manager)

 Editorial Team

Dr. Devendra Shrimali
Dr. Dharmesh Motwani
Mr. Jinendra Vyas
 
                                              
June 2016

 Name : Factors Affecting the Purchase Intension of Smartphone: A Study of Young Consumers in the City of Lucknow
 Author : Dr. S. K. Kaushal ,Rakesh Kumar
 Abstract :
Background & Objectives: The present study tries to explore the factors affecting consumer's purchase intension of Smartphone. The study also attempts to find out if there is any significant difference between the responses of male and female with respect to the factors (Relative Advantage, Dependency, Compatibility, Convenience, Product Features, Price, Brand name and Social Influence) which generally affect consumer's purchase of Smartphone. Methods: Data was collected through a structured questionnaire which was developed from previous studies, on 7-point Likert scale. A sample of 159 respondents was selected from among the students and young professionals residing in the city of Lucknow using nonprobability sampling technique. Multiple Regressions was used to find out the relationship between the above mentioned factors and purchase intension and Mann-Whitney U-test was applied to compare the responses of male and female consumers on the above factors. Results: The study reveals that only Compatibility, Dependency and Social Influence were the factors which significantly affect the purchase intension of the Smartphone consumers. The significant difference was found in the responses of male and female only for the convenience factor. Conclusions: There are number of the factors which affect consumer's purchase intension of smart phones but only compatibility, dependency and social influence are the factors which are responsible to motivate consumers to purchase smart phones. Generally male and female both considers all the factors equally except the convenience factor
 In Html : Read More
 Download :

 Name : Estimating the impact of Service Quality on Customer Perception in Private Sector Life Insurance Companies in West Bengal – A SERVQUAL based approach
 Author : Meghdoot Ghosh
 Abstract :
The quality of the service is a pre-requisite for any service organization's market performance and subsequently, economic performance. Service Providers are under perfect competition to promote that they are providing customer-focused service and that continuous performance improvement is being delivered. Given the financial and resource constraints under which service organizations must manage, it is now becoming almost mandatory that customer expectations are clearly understood and measured and that, from the customers ' perspective, any gaps in service quality are identified. Measuring Service Quality becomes indispensable for any service organization to monitor and control the quality of service delivery and enjoy competitive advantage (Ghosh, Ghosal, Handbook of Research on Promotional Strategies and Consumer Influence in the Service Sector 2016).This study aims to measure the gaps in life insurance service quality by applying a framework developed by Parasuraman et al.(1985), SERVQUAL. Keywords: Life Insurance, GAP Model, SERVQUAL, Perceived Value, Expected Value, Customer satisfaction.
 In Html : Read More
 Download :  

 Name : An Empirical Study on the adoption of Green Management Practices at the Workplace
 Authorhor : Ms. Sweety Gupta,Ms. Shikha Dua,Ms. Pooja Kalra
 Abstract :
With time, the business activities have gone a sea change and the impact of all these activities can be easily seen on the nature, society and the surroundings. In order to survive in the long run, it is vital that the human and business activities are carried in a way that they cause minimum harm on the society and the surroundings. As such, the importance of adopting Green management practices has gained popularity at the workplace. Today, Corporates and the employees are paying attention towards adopting Green Practices at the work place in order to make the world a better place. Sustainable development has to become an integral part so that we can have a better and safe future. In this research paper, an attempt has been made to find out the adoption of green practices at the workplace by the employees. Questionnaire was sent to 200 respondents and their response was obtained on Likert's scale on a parameter of 1-5. Responses have been obtained regarding the different Green Practices adopted by the employees and their impact on overall adoption of Green management Practice. Keywords: Green Management, green initiatives, green practices, environment, go green, sustainable development.
 In Html : Read More
 Download :  

 Name : A Conceptual Framework for Adoption of Education Card in India – Student's Perception
 Author : Rahul Kumar Ghosh ,Prof. Meghdoot Ghosh
 Abstract :
In the state-of-the-art era convinced modernizations in the field of usually known Integrated Circuit (IC) cards have focused ondelivering of an actually mobile computing platform which is acknowledged as the SMARTCARD, which on one side integrate the broadly distributed, separate systems formingscalability intrinsic hooked on the information system, and on the other side it offers an exposed frame to perfectly plugin anyvendordefinite, technologydefinite or platforms definite add-ons into the system without any obligationof amending the present ones. This paper identifies the factors affecting the adaptability of the EDUCATION CARD in the Indian education system from student perspective. Keywords: Education Card, Indian Education System, Information Technology (IT)
 In Html : Read More
 Download :  

 Name : Nature, Problems and Prospects of Rural Tourism in Punjab: An Analysis
 Author : Dr. Neeru Chadha , Pooja Choudhary
 Abstract :
The impressive growth profile of the tourism sector observed over the last two decades appears to be continuing.Tourism has become a major and integral part of economic, social, cultural and physical development in all the developing countries. The developing countries, in particular, promote tourism as a means of generating foreign exchange, increasing employment opportunities, attracting development capital, increasing government revenue and enhancing economic independence. Apart from being an instrument for generating employment opportunities, tourism has significant linkages with several other sectors like agriculture, horticulture, poultry, handicrafts, and construction and so on. Hence it generates more inclusive growth than other sectors. Tourism is defined as a journey by the tourist on his free will, and in search of enjoyment. Punjab has very attractive heritage sites and religious places, which attract both domestic and foreign tourists and has significant potential for becoming a major global tourist destination. Golden Temple, Amritsar has become internationally famous and popular among the tourists and is being recommended to UNESCO for World Heritage Monument Status. In this context, the problems and prospects of rural tourism in Indian economy is the thrust area of the present study. Keywords: Rural Tourism, Punjab, opportunities, problems.
 In Html : Read More
 Download :  


 Name : Measuring Retail Service Quality Using RSQS Model
 Author : Dr. Shashi Singhal
 Abstract :
Amid the previous couple of decades service quality has turned into a significant range of consideration regarding specialists, managers and analysts. It has solid effect on business execution, lower expenses, consumer loyalty, client satisfaction and productivity. This study pointed at assessing of retail service quality measurements at retail locations in Jaipur. The reason for this study was to discover how customer sees the general retail benefit quality in a retail store. The three stores that have been selected for study are SHOPPERS STOP, CENTRAL and LIFESTYLE in Jaipur. A survey of 120 customers visiting these stores in Jaipur was taken to evaluate the retail service quality according to Retail Service Quality Scale (RSQS) which composes of 6 dimensions namely Physical Look, Convenience, Reliability, Personal Interaction, Problem Solving Solution, and General Policy. The analysis part includes multivariate test of variance, reliability test and descriptive analysis. The multivariate test of variance or MANOVA was mainly presenting item-wise correlations between the two stores. The reliability analysis was done to find out whether the selected dimension or scales are reliable or not. The descriptive analysis was mainly presenting the viability and efficiency answered by the customers for the general conclusions. The findings are that the respondents were more satisfied with LIFESTYLE, CENTRAL in reference to all the dimensions of service quality as compared to SHOPPERS STOP. Consumer's perception of service quality was significant in all dimensions, the stores selection helped in interpreting the customer's perceptions towards the retail stores in Jaipur. Keywords: Service Quality, Retail Service Quality, RSQS, Retail stores, Jaipur.
 In Html : Read More
 Download :  

 Name : A Consumer Behaviour Perspective on Nutritious Biscuits
 Author : Dr. Jigna Chandrakant Trivedi,Dr. Bindiya Kunal Soni
 Abstract :
Biscuits Industry in India is the largest among all the food industries. India is known to be the second largest manufacturer of biscuits after USA. Biscuit is a hygienically packaged nutritious snack food available at very competitive prices, volumes and different tastes. Rising incidence of health conditions, growing media coverage on health, increasing concerns over physical appearance, changing lifestyle and soaring costs of healthcare have led the biscuits and cookies market to move towards a healthier path.Considering the demand and potential for nutritious biscuits, the present study checks upon the consumption and buying pattern of biscuits among the users in Gandhinagar city. The research discovered that the respondents are willing to change over to healthier variant of biscuits. They appreciate the benefits attached with consumption of biscuits made from other than white refined flour. The findings of the study could be considered by the existing players and the new entrepreneurs to launch such nutritious biscuits in future. Key Words: Nutritious, Biscuits, Processed Food, Consumption Pattern, Snack Item JEL Classification: C91
 In Html : Read More
 Download :  

 Name : Restructuring the SERVQUAL Dimensions in Banking Service: A Factor Analysis Approach in Indian Context
 Author : Dr. Naveen K. Sharma
 Abstract :
Purpose: This research is an empirical study within the field of management, focused upon restructures the dimension of Servqual in banking service through factor analyses in Indian context. Methodology: It is solely based upon data research which includes quantitative and deductive reasoning. The data for the study collected from the primary as well as secondary sources, with the help of questionnaire. Data was collected from 309 banking customers located in different cities of Rajasthan. Statistical tools such as Karl Pearson's Coefficient of Correlation, Principal Component Analysis, The Kaiser-Meyer-Olkin (KMO) Measure of Sampling Adequacy test, Bartlett's sphericity test, Chi-square, Cronbach's alpha test of Reliability and Factor Analysis was used to test the hypothetical relationships among variables. Findings: This study reveals five different dimensions from the original Servqual scale. Modified Servqual therefore is a recommended instrument for future research when measuring banking service quality In Indian context as it specifically addressed the multidimensional character of banking service in Indian context. Research Implications: The findings from this study provide important information that can be used in the future research on service quality in banking arena by the industry, researchers and academia. Key Words: - Servqual, Service Quality, Expectation, Perception, Indian Context
 In Html : Read More
 Download :  

 Name : Impact of Leadership Style on Employee Engagement
 Author : Dr.V.Rama Devi,Mrs. P. Lakshmi Narayanamma
 Abstract :
The main purpose of the study is to investigate the impact of leadership style (Transactional/ Transformational) on employee engagement. Survey was conducted among 55 subjects in a beverages company using questionnaire. The Utrecht Work Engagement Scale, developed by Schaufeli et al. (2002) was used to measure employee engagement. The Multifactor Leadership Questionnaire (Bass, Avolio, 2000) was used to measure leadership style. The data collected was analyzed using various statistical tools – Mean, Correlation, Regression and Chi-square test with the help of SPSS. The findings revealed that there is significant positive correlation between transactional leadership and employee engagement as well as between transformational leadership and employee engagement. It is also found that transformational leadership is a better predictor of employee engagement when compared to transactional leadership. The study also concluded that the demographic variables influence employee engagement. Key words: Employee engagement, Transformational leadership, Transactional leadership.
 In Html : Read More
 Download :  

 Name : A Study of Power Sector of India with Focus on Wind Energy to Meet India's Requirements of Low Cost Renewable Energy
 Author : Jitendra Shreemali
 Abstract :
This study was carried out in the form a desk research to understand issues relating to Indian power sector. The study highlights some key achievements of Indian power sector after establishing a link between power production and economic performance. While the achievements are noteworthy, the rate of electrification is neither fast enough nor is it reaching the poorest of the poor. India witnessed a percentage increase of households with no lighting in 22 states/Union Territories out of 35 listed during the period from 2001 to 2011. Key problems of the power sector are presented here. Wind energy is presented as an option that permits providing power at a low cost as compared to other renewable energy options. Further, India has great strengths in its use and would not depend upon external expertise or technology in tapping wind energy. Key Words: Electric power, T & D losses, Renewable energy, Wind energy
 In Html : Read More
 Download :  

 Name : Corelates of Service Quality in Public and Private Sector Banks
 Author : Dr. Harshita Bhatnagar
 Abstract :
This is an empirical research paper which examined the demographic pattern of the customers using services at private and public sector bank and to know that how much banks focuses on correlates of service quality which plays prime role in customer satisfaction and loyalty. Survey was conducted on 200 customers to know the correlates. It is found that customers prefer reputed bank providing quick and effective services. SBI leads among Public sector banks and ICICI among Private Sector Banks. The Private Banks make their customers more aware about the grievance redressal system, about additional products, complaints status. Private Banks seem to have satisfied its customers with good services and they have been successful in retaining its customers by providing better facilities than Public sector Banks. But still Private Banks need to go a long way to become customer's first preference. Public sector banks enjoy the trust of the customers, which they have been leveraging to stay in the race however they need to improve their service quality by improving their physical facility, infrastructure and giving proper soft skill trainings to their employees. Key words: Service correlates, grievance redressal system, additional bank products
 In Html : Read More
 Download :  

 Name : Economic Growth Impact of Indian Stock Market: An Econometric Investigation
 Author : Attahir Babaji Abubakar
 Abstract :
This study investigates the Impact of stock market on economic growth of India. ADF Unit Root test result shows all variables to be integrated of order one, that is they became stationary after taking first difference. Johansen Cointegration test shows the presence of long run relationship among the variables. Long run estimation result showed a positive and significant relationship between investment, labour and education with GDP, while stock market and GDP were found to be negatively related. Vector Error Correction Model (VECM) short run dynamics showed stock market to have a short run positive impact on economic growth of India. Impulse Response Function (IRF) shows the response of GDP to a shock in stock market and interest rate to be negative, while the response to shocks in labour, investment and education was positive. Policy recommendations includes putting in place measures aimed at reducing shocks in the stock market and making it have a positive impact on the economic growth of India. Key Words: Stock Market, Economic Growth, India JEL Classification: O16, G10
 In Html : Read More
 Download :  

 Name : A Study on Determinants of Dividend Policy: Empirical Evidence from FMCG Sector in India
 Author : Dr. N. S. Pandey,Ashvini. N
 Abstract :
The objective of this paper is to analyse the determinants of dividend policy (DP) of FMCG sector in India. FMCG companies included in CNX FMCG the sectoral index for NSE are 15. Only 12 companies have been taken for the study. The period of study has been considered for 10 years i.e. from 2003-04 to 2012-13.The present paper is an attempt to empirically analyze the determinants of DP of FMCG Sector in India. For this purpose, various factors affecting DP such as dividend payout ratio (DPR), debt equity ratio (DER), earnings (ERN), corporate tax (CT), earnings per share (EPS) and firm size(FS) are considered for analysis. The empirical evidence from the study reveals that DPR, DER,ERN,CT has significant impact on EPS and also good predictors of dividend payout in FMCG sector.Ordinary least square models(OLS) are used to estimate the impact of DER, DPR, ERN, FS, EPS and on the DP. The DP of overall FMCG sector is strongly influenced by DPR, DER, EPS, and CT, which reveals that the DP of FMCG sector is significantly influenced by the selected financial variables during the period of the study.The overall regression analysis shows that the determinants of DP is significantly and positively influenced by the DPR, DER and EPS Key words: Dividend per share (DPS), Dividend policy (DP), Debt equity ratio (DER), Earnings (ERN), Earnings per share (EPS)
 In Html : Read More
 Download :  

 Name : Performance Analysis of Major Public Sector Banks in India.
 Author : Dr. Shishir Kumar Gujrati
 Abstract :
Banks are the arteries of any financial system. Their performance widely reflects the economic scene of the country. The consistent performance evaluation of these banks gives an overview of the ongoing economic conditions. Present paper is a study to compare major banks operating in India. Top 5 banks, based on their net profits in FY 14-15, have been taken up for study. Parameters like business indicators, staff productivity, efficiency and assets quality have been considered for performance analysis. Ranking have been used to evaluate these 5 banks and accordingly they have been overall ranked. Key Words: CASA Ratio, CAR, NIM and NPA
 In Html : Read More
 Download :  

 Name : S & P BSE Sensex Vs CNX Nifty – Yield Comparison
 Author : Dr. Jaspal Singh,Sidharath Seth
 Abstract :
This study aims at making a comparison between CNX NIFTY and S&P BSE SENSEX, the two most popular large cap indices of Indian stock market, using monthly closing values from 3rd November 1995 till 31st march 2014. The performance has been evaluated using annualized return, annualized standard deviation, annualized Sharpe ratio and capital asset pricing model. Based on analysis, it was found that statistically, there is no significant difference in the relative risk and return of both the indices. The non-rejection of joint hypothesis shows that both of them can be used in reciprocity to each other. Considering the economic significance, higher annualized return, slightly lower annualized standard deviation, positive value of alpha, relatively lesser beta and superior Sharpe ratio of CNX NIFTY suggest that it is a better index to invest than S&P BSE SENSEX for a long term Keywords: Index, India, CNX Nifty, S&P BSE SENSEX, Performance comparison
 In Html : Read More
 Download :  

 Name : The Macro-economic Determinants of Corporate Bond Market in India
 Author : Ajeet Kumar Maurya ,Onkar Nath Mishra
 Abstract :
The aim of this study is to examine the influence of macro-economic variables on the corporate bond market in India covering the period of 23 years i.e. from 1990-91 to 2012-13. Macro-economic indicators reflect the state of economy and influence the issuance of fixed income securities by the corporate. The study provides the evidence that issuance in corporate bond market is significantly correlated with the foreign exchange reserves. Using multiple regression analysis, we arrive at the conclusion that all the selected variables but GDP and Trade openness, significantly explain the volumes of corporate bonds. Keywords: Capital Market, Corporate Bond Market, Government Bond, Macroeconomic Variables, Unit Root Test, Regression Analysis JEL Classification: G10, G12, G21, G28
 In Html : Read More
 Download :

 Name : Financial Efficiency of the Public-sector General Insurance Firms in India
 Author : Joy Chakraborty
 Abstract :
Deregulation of the Indian general insurance sector has brought in a lot of opportunities and challenges. In the pre-reform era, the publicsector general insurers dominated the Indian non-life Insurance market with a market share close to 100 per cent. But the situation drastically changed since the enactment of the Insurance Regulatory and Development Authority of India (IRDAI) Act in 1999. At the end of the FY 2014-15, the collective market share of the four public-sector general insurance firms, carrying on multi-line operations, stood at 50.24 per cent with the number of players having risen to 28 in the country's general insurance sector. One of the reasons for such a decline in the market share of the public-sector general insurers during the post-reform period could be attributed to the rising presence of the private players in the country's general insurance sector. In addition to this, the performances of the country's general insurance firms suffered a setback owing to the contagion effects of the global financial crisis since 2007-08. The present study provides an assessment of the financial efficiencies of the 04 public-sector general insurance firms in India during the postderegulation study-period from 2008-09 to 2014-15, against the backdrop of the US financial crisis of 2007-08. In this regard, the ratiobased CARAMELS framework has been used in line with the financial soundness indicators (FSIs) for the general insurance firms, as recommended by Das, Davies and Podpiera (2003) of the International Monetary Fund (IMF). The study has pointed out the United India general insurance company as the best performer among the publicsector general insurance firms in India. Key Words: General Insurance, CARAMELS, financial crisis, IRDAI
 In Html : Read More
 Download :  

 Name : Performance Evaluation of Gold Loan NBFCs using CAMEL Model
 Authorhor : Jasvinderjit Kaur
 Abstract :
India is known to be the largest importer of gold in the world. Indians have strong fascination and high sentiments to possess the gold. Resultant, the gold loan market also shown vigorous growth in the recent years. Gold loan NBFCs has created a remarkable position for themselves in the process of economic development and financial inclusion by monetizing the idle gold stock of the country on one hand. On the other hand gold loan NBFCs meet the consumption and financing needs especially of the rural and under banked populaces. But on the same time the robust growth of these gold loan NBFCs and their aggressiveness in tapping the potential gold loan market necessitated that their operations should be closely monitored. So, the present study is an endeavor to analyze and compare the financial performance of the two giant gold loan NBFCs namely Manappuram Finance Ltd. and Muthoot Finance Ltd. on the basis of CAMEL model. Overall, the study resulted that both the gold loan NBFCs perform on the same lines on the parameters of CAMEL model. But Manappuram Finance Ltd. is better performer in context of capital adequacy parameter while Muthoot Finance Ltd. is gaining lead in context of management efficiency. Keywords: Gold, Gold Loan, NBFCs, CAMEL Model.
 In Html : Read More
 Download :  

 Name : Impact of Working Capital Management on the Profitability of Automobile Industry in India- An Empirical Study of Selected Automobile Companies
 Author : Syed Noorul Shajar ,Saleem Akhtar Farooqi
 Abstract :
Working capital management is the discipline of management which is inevitable in all walks of economic life whether in a household or in an enterprise, in the public domain or in private domain,profit oriented or not .The efficient working capital management is most crucial factor in maintaining survival,liquidity,solvency and profitability of any business organization. Moreover, an optimal working capital management positively contributes to the firm's value. Theprofitability and the efficiency of every sector in the nation have direct bearing on the prosperity of economy which can be primarily achieved through efficient working capital management practices. It helps in designing a framework to smoothen the financial constraints of business so as to make effective use of its resources.Keeping in mind the significance of working capital management an attempt has been made to examine its impact on the profitability of Indian automobile industry. The Indian automobile industry is one of the largest in the world with an annual production of 23.36 million vehicles in FY 2014-15.The Automobile industry accounts for 22 per cent of the country's manufacturing gross domestic product (GDP).For the purpose of this research paper threeIndian Automobile company namely Tata motors ltd., Maruti SuzukiIndia ltd and Mahindra & Mahindra ltd. are taken ,as these are the giants companies in Indian Automobile industry and plays a pivotal role in growth of Indianeconomy. For analyzing the result ROCE is used as dependent proxy variable for profitability. Whereas CR, DTR, ITR are used as independent proxy variable for substantiating the impact of working capital management on the profitability of companies. Keywords : Working capital management, Automobile industry, ROCE, CR, DTR, ITR
 In Html : Read More
 Download :  

 Name : Evaluating Index Fund Performance and Measuring Tracking Error in India
 Author : Falguni Pandya
 Abstract :
Exchange Traded Funds or popularly known as ETFs is very popular in foreign markets, but in India it is still at its initial growth phase. This paper examines the characteristics and performance indicators of all 40 exchange traded funds floated and traded on Indian stock market. The study reveals that on an average the ETFs coming under the index categories, reported better performance than Gold ETFs. Further, it was inferred that international ETFs were found to be most appropriate and efficient that traces the underlying benchmark more accurately. Key words: Index Fund, Tracking Error
 In Html : Read More
 Download :  


 Name : An Empirical Analysis on Long Term Relationship between India VIX and IVIX Futures
 Author : Anil Kothari,Ranjana Kothari
 Abstract :
Indian VIX (IVIX) and IVIX futures contract prices. IVIX is a measure of implied volatility which reflects markets' expectation of future short-term stock market volatility in India. NSE launched India VIX futures for traders who are willing to trade on volatility on February, 26th, 2014. The study is based on daily time series data from 26th Feb, 2014 to 26th Feb, 2016 comprising of a total of 491 observations. The study uses Engle Granger Cointegration test and error correction model (ECM) to empirically investigate existence of long-term relationship and short term dynamics between IVIX and IVIX futures. The results reveal that the IVIX and IVIX futures prices exhibit significant co-movement, however, the spot IVIX values are more volatile than IVIX futures contract prices. The price for IVIX futures with longer expiration period is higher and liquidity lower in comparison to short expiry contracts. The spread of IVIX and IVIX futures is mostly positive with the spread increasing with maturity period of the futures contracts. The study finds that the spot IVIX and IVIX futures price have positive relationship and are cointegrated revealing long-term equilibrium relationship between them. However, the degree of cointegration depends on the expiration period. Shorter maturity futures contract prices have higher cointegration with IVIX. The speed of adjustment of the IVIX and IVIX futures values to equilibrium is slow. It indicates lack of liquidity and arbitrage forces in the IVIX futures market. Keywords: India Volatility Index, IVIX Futures, Spot and Futures Price, Cointegration
 In Html : Read More
 Download :  

 Name : Investors Knowledge on Trading Applications: ODIN and NEST
 Author : Dr. S. Rajamohan,G. Arivalagan
 Abstract :
In derivative markets, the investors are participated based on their own knowledge, past experiences and with the help of financial experts. The derivative exchanges have been performing various functions such as trading applications, back office process and settlement of the trade and so on. The sub brokers also provide value added services to their clients such as payment gateway, online trading, mobile trading, short message service alert and so on. his study aims to find out the capability of the investors proficiency in trading applications. The researcher has made a survey from various brokering firms’ retail investors in Madurai. In this study the data have been analysed by using statistical tools such as percentage, chi square test and one-way anova. keywords: investors, trading parameter, brokers, online services
 In Html : Read More
 Download :  

 Name : The Role of Behavioral Finance in Modern Age Investment
 Author : Sandeep Singh
 Abstract :
Decision making process is very complex task that involves various activities like industry and company analysis along with analysis of past performance of individual stocks/assets. Asunder from this, one of the most important factors that influence the individual's investment decision is cognitive illusions. Individual investor's behavior is influenced by various heuristic and biases, which are brought to light by the emerging field of behavioral finance. This paper provides a conceptual framework of the various principles of Behavioral Finance including cognitive illusion: Heuristics, Overconfidence, Representativeness, Anchoring, Gambler's Fallacy, Prospect Theory, Loss Aversion, Regret Aversion, Mental Accounting and Disposition Effect. Key Words: Standard finance, Behavioral Finance, Cognitive illusions, Heuristics and Biases
 In Html : Read More
 Download :  

 Name : Maggi – An Entangled Tale Case Study
 Author : Anumeha Mathur,Dr Vaishali Trivedi
 Abstract :
Maggi Noodles was launched in India in 1980s and since then it has captured the Indian hearts, it has been synonym for noodles in India. Maggi suffered losses for the first time when Food safety and Drug administration (FDA) said high lead content was found 17.2 ppm(parts per million) about seven times more than the permissible limits and high level of MSG Taste enhancer in all the two dozen packs used for routine checking. This paper tries to understand maggi controversy and examines action taken by the company. Keywords: Food Safety and Drug Administration, Health, Nutrition.
 In Html : Read More
 Download :  

 Name : Work-Life Balance: State Interventions in India
 Author : Dr Reena Shah
 Abstract :
Work-life balance (WLB) is generating a lot of interest in academics and practices. Countries across the world have acknowledged its importance and framed important WLB programmes and processes. The paper aims to provide a global overview of the universally accepted WLB State interventions and establish India's position on these State interventions on the global platform. First the paper reviews various WLB State interventions in terms work hour policies, annual leaves and public holidays, maternity leaves, paternity leaves and child care facilities. These interventions are analysed in relation to ILO recommendations and the progressive and non-progressive measures taken by countries across the world. An attempt is then made to probe into State interventions made in India both in terms of enactment and actual practice. The initial findings reveal that on the continuum of high to low State involvement, the post-independence, labour laws firmly positions India in the middle of the continuum. Further investigation in terms of the gap between enactment and implementation of labour laws essentially leaves State WLB support in India at the lower end of the continuum. The paper concludes that post-liberalisation in the market driven economy, WLB is not an important agenda for the Indian State and the issue is largely left to individual discretion. In order to ensure support to the pertinent issue of WLB a 'business case' of linking WLB programmes in organisations to performance is recommended. Keywords: Work-life Balance, State Interventions, India
 In Html : Read More
 Download :  

 Name : Creative Dimensions of Entrepreneurship: A Key to Business Innovation
 Author : Dr Manpreet Arora
 Abstract :
Most of the entrepreneurial ventures are based on developing new and innovative products and take the lead in grabbing new opportunities which are risky and based on uncertain market situations. Entrepreneurial ventures are based on seeking and grabbing opportunities and use the potential to transform them into ventures. Thereby entrepreneurship is the key to creativity and innovation. Business environments are ever changing and are dynamic, entrepreneurs have divine inspiration to face such dynamism and uncertainty thorough their creative thought processes. This paper tries to analyse the importance of communication in entrepreneurial behaviour and proposes a model in entrepreneurship which can promote creativity and innovation. Keywords: Entrepreneurial Ventures, Business Environment, Innovation
 In Html : Read More
 Download :  

 Name : Shrinking Exports and Growing Deficit with China
 Author : Prof. Bhagwati Prakash Sharma
 In Html : Read More
 Download :  

 Name : Efficiency, Productivity and Profitability Changes in the Indian Food Processing Industry: A Firm Level Analysis
 Author : Navreet Kaur,Dr. Kuldip Kaur
 Abstract :
This paper analyses efficiency and productivity changes in 50 firms of food manufacturing industry during the time period of 1988 to 2011.The firms included belong to different sectors of food processing which are mainly Sugar, Bakery Products, Beer and Alcohol, Dairy Products, Processed Food and Vegetable Oil and Products. The nonparametric Data Envelopment Analysis (DEA) approach is used to compute the Malmquist Total Factor Productivity (TFP) change, which has been further decomposed into efficiency and technical change. Profitability has been calculated with two different measures. Analysis has been done over four time periods that is 1988 to 1993, 1994 to 1999, 2000 to 2005 and 2006 to 2011. Based on the findings, the paper gives suggestions that can be used by policy makers and food processors in making decisions regarding various technical and managerial aspects to improve productivity and efficiency. Keywords: Technical Efficiency, Total Factor Productivity, Profitability, Food Processing, Data Envelopment Analysis.
 In Html : Read More
 Download :  

 Name : Summary of “The Economics of Small Firms.
 Author : Ms. Nidhi Gautam
 Abstract :
Peter Johnson, Emeritus Professor of Business Economics in the Centre for Entrepreneurship at Durham University. He has published a wide range of studies on new and small firms. Year of publication: 2007 Publisher: Routledge Taylor and Francis Group, London and New York
 In Html : Read More
 Download :  

 Name : Corporate Snapshot: INDIA
 Download :  

 Name : ECONOMIC UPDATE
 Download :  

 Name : Editorial
 Download :  

 Name : STATS WINDOW
 Download :  



 
 

Pacific Institute of Management, Pacific Hills, Airport Road, Udaipur - 313001, E-mail: edit@pbr.co.in
Phone : +91-294-2494506, +91-294-2494507

©Pbr.co.in, All Right Reserved IT Department , Pacific Group