{"title":"Testing the Existence and Stability of Phillips Curve in India","authors":"N. Kubendran","doi":"10.54063/ojc.2023.v44i01.04","DOIUrl":"https://doi.org/10.54063/ojc.2023.v44i01.04","url":null,"abstract":": The major objective of this study is to test the empirical applicability of Philips Curve in the Indian context with a focus on short-run as well as long-run relationships. For empirical analysis, the study uses five decades of data from 1968 to 2018 and applied Vector Error Correction Model (VECM) after running ADF Unit root and Johansen’s cointegration. Based on the empirical analysis, the present study has observed that there is a long-run correlation between Money Supply, Inflation and Unemployment proving the relevance of the Philips curve. But, the study has observed a direct correlation between inflation and unemployment which invalidates the presence of Philips Curve in India and posed challenges to expansionary monetary policy to curb unemployment. The novelty of the study is that it provides concrete evidence for the relevance of Philips curve in the short-run as well as in the long-run using the VECM model for India since the 70s.","PeriodicalId":119023,"journal":{"name":"Orissa Journal of Commerce","volume":"167 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132290437","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 Organizational Commitment on Organizational Citizenship Behaviours: An Empirical Analysis","authors":"Silpy Gupta, S. Tamhankar","doi":"10.54063/ojc.2023.v44i01.07","DOIUrl":"https://doi.org/10.54063/ojc.2023.v44i01.07","url":null,"abstract":": The aim of this particular research is to investigate and understand the association between Organizational Commitment (OC) and Organizational Citizenship Behaviour (OCB). The elements of organizational commitment are categorized as affective, normative and continuance. All these three components has been considered and measured in this study. The Organizational Citizenship Behaviour scale used here measures all its five dimensions such as altruism, conscientiousness, courtesy, sportsmanship and civic virtue. Dataset of 167 members, under four different sectors belonging to 28 organizations in India is taken for the study. The method of data collection employed here is through the use of a questionnaire. Results show that the elements of organizational commitment are significantly and positively related to the five dimensions OCB (p value < 0.01). However only the Affective Commitment and in some cases Normative Commitment affects the five dimensions of OCB (p value < 0.01). Various implications of the analysis outcome has been discussed.","PeriodicalId":119023,"journal":{"name":"Orissa Journal of Commerce","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130381630","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 CSR Committee on ESG Reporting Quality: Evidence from India","authors":"Rahul Matta, H. Purohit, Deba R. Mohanty","doi":"10.54063/ojc.2022.v43i04.13","DOIUrl":"https://doi.org/10.54063/ojc.2022.v43i04.13","url":null,"abstract":"","PeriodicalId":119023,"journal":{"name":"Orissa Journal of Commerce","volume":"35S 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115834187","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":"Influence of Firm Characteristics on Cash Holdings: Evidence from Indian Iron & Steel Industry","authors":"Maheswar Sethi, R. Swain, Sakti Ranjan Dash","doi":"10.54063/ojc.2022.v43i03.08","DOIUrl":"https://doi.org/10.54063/ojc.2022.v43i03.08","url":null,"abstract":"","PeriodicalId":119023,"journal":{"name":"Orissa Journal of Commerce","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125380624","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}
M. K. Mohanty, A. Mohapatra, Pradeepta Kumar, S. S., G. Agrawal
{"title":"Exploring Metaverse: A Virtual Ecosystem from Management Perspective","authors":"M. K. Mohanty, A. Mohapatra, Pradeepta Kumar, S. S., G. Agrawal","doi":"10.54063/ojc.2022.v43i04.01","DOIUrl":"https://doi.org/10.54063/ojc.2022.v43i04.01","url":null,"abstract":"","PeriodicalId":119023,"journal":{"name":"Orissa Journal of Commerce","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125456221","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":"Perceived Risk and Online Purchase Intention of Online Buying and its Affinity: Perceived Behavioral Control as a Moderator","authors":"Shaira Bi Abdul, Vasanthi Soundararajan","doi":"10.54063/ojc.2022.v43i03.04","DOIUrl":"https://doi.org/10.54063/ojc.2022.v43i03.04","url":null,"abstract":"","PeriodicalId":119023,"journal":{"name":"Orissa Journal of Commerce","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125720002","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":"Cryptoverse and its Unflinching Cog of Fickleness","authors":"S. Jain, Ritika Grover, Aditya Vikram, S. Goel","doi":"10.54063/ojc.2023.v44i01.01","DOIUrl":"https://doi.org/10.54063/ojc.2023.v44i01.01","url":null,"abstract":": Investing in crypto currencies is highly risky and speculative because it is not backed by any economic fundamentals. This paper is an attempt to check if the volatility in cryptocurrency market is influenced by the volatile behaviour of three other markets, namely, Indian stock market, Volatility index and movement in the Oil prices. The time period of study ranges from February 28, 2017 to March 31, 2022 with daily frequency of data. A break point has also been identified to study the sub period movements. ARCH","PeriodicalId":119023,"journal":{"name":"Orissa Journal of Commerce","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127630034","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":"Corporate Reporting Reforms in 21st Century and Value Creation: A Study of Select Companies in India","authors":"Tulika Bal","doi":"10.54063/ojc.2022.v43i04.12","DOIUrl":"https://doi.org/10.54063/ojc.2022.v43i04.12","url":null,"abstract":"","PeriodicalId":119023,"journal":{"name":"Orissa Journal of Commerce","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123724586","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":"A Study of Financial Sustainability under ESG Approach: An Empirical Analysis of Nifty 100 Index Companies","authors":"Chandan Kakri","doi":"10.54063/ojc.2023.v44i01.08","DOIUrl":"https://doi.org/10.54063/ojc.2023.v44i01.08","url":null,"abstract":": With Securities and Exchange Board of India (SEBI) circular dated 10 May 2021 on business responsibility and sustainability reporting disclosures of listed entities, it is inevitable to undertake a study on the determinants impacting the sustainability of the companies with emphasis on Environment, Society and Governance (ESG) approach. The objective of the paper is to analyze financial sustainability of the Nifty 100 Index Companies for the period 2014-2015 to 2019-2020 with especial focus on ESG phenomenon. The Panel data is modeled in term of regression equation. The variables modeled are capital structure, employee size, size of the business, liquidity, social responsibility, environment, governance and return on asset. The findings are out of eight variables taken into study six are significant and impacting the financial sustainability. The variables employee size, society and governance are positive significant. The variables size, liquidity and environment are negatively impacting the financial sustainability. The findings are relevant both for the corporate world and the government.","PeriodicalId":119023,"journal":{"name":"Orissa Journal of Commerce","volume":"125 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115169427","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}