{"title":"An Empirical Study on Forecasting Stock Returns of Tata Consultancy Services","authors":"Vaishali Agrawal","doi":"10.54063/ojc.2022.v43i02.07","DOIUrl":"https://doi.org/10.54063/ojc.2022.v43i02.07","url":null,"abstract":"Forecasting of stock returns is always a vitally important financial notion confronted by investors. Due to existing fluctuations in the stock returns, investors are always keen to show their interest as they want to take the advantage of potential returns from the organization by way of investing in stocks. Hence, it becomes a matter of concern for investors to predict future stock returns so that they can attain their objective of wealth maximization. This reason creates an urge to explore the forecasting of stock returns empirically. This paper employed the ARIMA model, developed by Box and Jenkins in 1970, which relies on the previous values of the variable itself. In the paper, this methodology is applied to the stock returns of one of the top IT companies listed on NSE i.e. Tata Consultancy Services Ltd. Data of daily returns were collected from 1 April 2008 to 31st March 2021. Results concluded that the ARIMA model had a strong capability of forecasting in the short run.","PeriodicalId":119023,"journal":{"name":"Orissa Journal of Commerce","volume":"291 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114641777","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}
{"title":"Impact of Financial Leverage on Shareholders Return and Financial Performance: Evidence from Top 100 Listed Companies in National Stock Exchange","authors":"A. Rifana, D. Geetha","doi":"10.54063/ojc.2022.v43i02.09","DOIUrl":"https://doi.org/10.54063/ojc.2022.v43i02.09","url":null,"abstract":"Financial management’s key objective is to enrich capital structure and financial decisions. The vital issue during capital structure decision-making is determining a firm’s proper balance of owed and owned capital. One globally accepted issue is financial leverage, popularly known as the “Double-edged Sword”. It can maximize the shareholders’ benefit and boost the company’s financial performance and vice versa. So an effort made “to find out the impact of financial leverage on shareholders return and financial performance of Top 100 National Stock Exchange companies in India”. National Stock Exchange registered companies as per market capitalization were obtained. The Descriptive Statistics, Panel-Data Regression Analysis (Breusch-Pagan LM Test, Hausman Test) and Structural Equation Model (SEM) were analyzed from 2017 to 2021. The Outcome illustrates that DER has a positive influence on ROE, CR and NPR which relating to the “Trade-off Theory”. DER has negative impact on EPS, ICR and TATR supporting “Pecking order Theory”. The framed empirical SEM act as a theoretical contribution to the future researchers.","PeriodicalId":119023,"journal":{"name":"Orissa Journal of Commerce","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133985407","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}
{"title":"Work-Life Balance of Nurses and Its Antecedents: A Systematic Literature Review","authors":"C. Rani, Randeep Kaur, P. Goel","doi":"10.54063/ojc.2022.v43i02.11","DOIUrl":"https://doi.org/10.54063/ojc.2022.v43i02.11","url":null,"abstract":"The present work intends to collate the existing research on worklife balance (WLB), particularly in the healthcare industry. This paper provides an antecedents-outcome theoretical framework of WLB.The current review extracts the studies from Scopus and Web of Science databases. The period of this review paper is from 2011 to2021.This study synthesizes various antecedents affecting WLB, such as demographic, socio-economic, organizational, and individual factors. Additionally, the prominent outcomes of WLB namely emotional exhaustion, turnover intention, job stress, burnout, organizational cynicism, organizational effectiveness, and psychological health were identified. This study is an attempt to present an antecedent-outcome framework of WLB in the healthcare industry. By synthesizing the literature, this study aims to suggest future research for academicians.","PeriodicalId":119023,"journal":{"name":"Orissa Journal of Commerce","volume":"107 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131096871","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}
{"title":"Occupational Stress of University Teachers of Assam: Does Ownership Status of Universities Matter?","authors":"Dharitri Baishya, N. M. Panda","doi":"10.54063/ojc.2022.v43i02.10","DOIUrl":"https://doi.org/10.54063/ojc.2022.v43i02.10","url":null,"abstract":"This paper aims to measure and compare the occupational stress level of teachers in central, state, and private universities of Assam, a large state located in Northeast India. It also intends to investigate the relative intensity of various stressors among the teachers. Administering a structured questionnaire-based survey, we collected data from 536 university teachers and analyzed it by deploying Kruskal-Wallis H- test. Our findings indicate that teachers in central universities experience a higher level of occupational stress than their counterparts in state and private universities. While teachers’ lack of control and student related issues are the critical stress sources in state and private universities, workload, excessive formalities, and lack of recognition are the major stressors in central universities. While unfolding the relative intensity of various stressors in different types of universities, the paper’s empirical findings contribute to stress research by offering insights into the stress issues encountered by university teachers.","PeriodicalId":119023,"journal":{"name":"Orissa Journal of Commerce","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132440095","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}
{"title":"Effectiveness of Debt Recovery Tribunals in Resolving NPAs of Banks in India: A Critical Analysis","authors":"J. Sharma, Kamal Vagrecha","doi":"10.54063/ojc.2022.v43i02.06","DOIUrl":"https://doi.org/10.54063/ojc.2022.v43i02.06","url":null,"abstract":"Debt Recovery Tribunals (DRTs) were established in the country in a phased under the recovery of debts due to Banks and Financial Institutions Act, 1993. DRTs were established to expedite recovery from non-performing assets (NPAs) in case of Banks and Financial Institutions (FIs). Even though initially DRTs were quite effective but over the years their effectiveness has reduced. The present study has been conducted to evaluate the effectiveness of DRTs in terms of recovery percentage and disposal time. An attempt has also been made to find the deficiencies in DRTs which are affecting their effectiveness and give recommendation for addressing the same. The study has relied on primary data as well secondary data from 2011-2019. The secondary data has been collected from DRT website and RBI publications. The study has concluded that DRTs have not remained an effective mechanism for recovery of NPAs. It has identified the deficiencies in DRTs affecting their effectiveness and given suggestions for improving the same.","PeriodicalId":119023,"journal":{"name":"Orissa Journal of Commerce","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130119023","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}
{"title":"Debt Financing and Capital Structure Influencing the Firm’s Financial Performance: A Bibliometric Analysis","authors":"Modi Surbhi, Priti Sharma","doi":"10.54063/ojc.2022.v43i02.08","DOIUrl":"https://doi.org/10.54063/ojc.2022.v43i02.08","url":null,"abstract":"Debt financing plays a prominent role in deciding future growth and the earning capacity of any company. Debt financing is a part of capital structure; hence both terms are interlinked with each other. The main aim of this study is to provide widespread view of previous studies associated with debt financing and capital structure. For this purpose, a Bibliometric analysis is performed with the aid of Bibliometrix Library along with BiblioShiny tools in R Studio software. Web of Science is elected as main database consisting data of 21 years from 2002-2022, gathered by using keywords “debt financing”, “capital structure”, “financial leverage”, “financial performance” and “profitability”. USA and China has been found as top contributing countries. Most of the authors belong to the USA, China, Canada, UK etc. Texas Christian University from United Statusis discovered as most active institute in writing documents/articles related to this field.","PeriodicalId":119023,"journal":{"name":"Orissa Journal of Commerce","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125545203","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}
{"title":"Family Firm IPOs: A Bibliometric Analysis and Systematic Literature Review","authors":"Amit Kumar Singh, P. Rani, Rinki Gour","doi":"10.54063/ojc.2022.v43i02.05","DOIUrl":"https://doi.org/10.54063/ojc.2022.v43i02.05","url":null,"abstract":"The principal method of raising public funds by a private firm is Initial Public Offerings (IPOs). This area has attracted researcher’s attention (40,559 publications) because when private firms go public, they have different decision-making processes, goals, attitudes, performance and corporate governance. We examined the publication trend in the field of family firm IPOs with the help of bibliometric data extracted from Scopus because familyownership is a prominent feature of firms worldwide. The search string used includes “Family Firm” and a wildcard “IPO”, which yielded only 64 peerreviewed articles written in English Language. Thus, family firm IPOs is an under-researched area but have been growing rapidly. The paper has done bibliometric analysis using VOS viewer software and systematic literature review to objectively identify influential authors, seminal works, emerging topics and directions for future research.The study has identified a significant scope for future research given the limited number of influential articles mainly by developed nations focusing on Agency, SEW(Socio-Emotional Wealth) and Signaling theory only.","PeriodicalId":119023,"journal":{"name":"Orissa Journal of Commerce","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116285346","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}
{"title":"Impact of Pandemic on the Financing of MSME Sector in Odisha with Reference to SBI","authors":"Abhipsa Panda, S. Acharya","doi":"10.54063/ojc.2022.v43i02.04","DOIUrl":"https://doi.org/10.54063/ojc.2022.v43i02.04","url":null,"abstract":"The Covid-19 pandemic has been a tough challenge for the entire industrial sector. Many industries suffered a lot due to the lockdown and many lost their jobs. The business organisations could not afford to pay salaries to the staff members due to lack of revenue, and, hence, with the downfall of industries, the personal growth of individuals was also stuck. The State Bank of India provided has remarkably supported in this aspect. This paper mainly focuses on the steps taken by the State Bank of India for the growth of entrepreneurship in the country. This paper also aims at identifying the areas considered by the State Bank of India in this direction. Though it is a theoretical paper, it deals primarily with various schemes offered by the State Bank of India for entrepreneurship development and highlights the logical grounds on the basis of which provision for appropriate financial accommodation can be made. This is a policy cum review paper and hence, no tool and technique have been used.","PeriodicalId":119023,"journal":{"name":"Orissa Journal of Commerce","volume":"64 5","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114060259","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}
{"title":"\"Practices and Challenges of Household Plastic Waste Disposal: An Evaluation of Waste Management System in Kerala \"","authors":"Vipin Benny","doi":"10.54063/ojc.2022.v43i02.03","DOIUrl":"https://doi.org/10.54063/ojc.2022.v43i02.03","url":null,"abstract":"Plastic Waste Management (PWM) is a significant challenge in every region for local governments / legislatures in emerging nations. Local bodies are facing with the restricted financial policies and deterrents with the assortment of waste, absence of legitimate machinery, use of technology, and sporadic collection by agencies. These snags lead to additional issues, such as littering and illicit unloading in remote and rural regions especially in Kerala. This research attempts to identify the PWM practices by the government on household plastic disposal practices and challenges, by analyzing the study conducted in 203 sample units of households in Kerala. The structured equation modeling technique is used to measure the effectiveness of programme developed by the government to manage households’ plastic disposal practices and challenges. The findings of this study are that the Government of Kerala should invest in effective waste management practices in each district and should try to reduce plastic waste by adapting innovative measures and encouraging sustainable plastic waste management technologies at regional level.","PeriodicalId":119023,"journal":{"name":"Orissa Journal of Commerce","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129588395","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}
{"title":"Growth and Performance Measurement of ESG-themed Mutual Funds in India: An Empirical Investigation","authors":"Shikha Gupta","doi":"10.54063/ojc.2022.v43i02.02","DOIUrl":"https://doi.org/10.54063/ojc.2022.v43i02.02","url":null,"abstract":"The world is witnessing a stupendous rise in Environmental, Social, and Governance (ESG) investment practices due to changing dimensions of risks and consequent clamour for the adoption of sustainable practices. In this scenario, ESG-themed mutual funds have provided an alternative route to ESG investing. This study aims to analyse the growth of ESG mutual funds in India and evaluate their performance using standalone return and risk measures as well as widely recognised risk-adjusted measures, namely, Sharpe Index, Treynor Ratio, Sortino Measure, and Jensen’s Alpha. With respect to growth, the study found that the industry is still in its infancy though a steady and positve momentum is seen both in terms of number as well as assets under their management. Without taking into account the social perks of sustainable investment, the results of the performance analysis revealed Quant ESG Equity Fund to be the best performer. Interestingly, the study also found that all the sample funds have ‘beaten the market’ and earned superior returns. The findings of the study substantiate that ESG investing not only leads to the accomplishment of sustainability goals of investors but also affords them returns higher than the traditional route to investing.","PeriodicalId":119023,"journal":{"name":"Orissa Journal of Commerce","volume":"47 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129927761","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}