{"title":"Evaluation of Risk as Conducive Environment for Earning Manipulation and Moderation Effect of Corporate Governance: Empirical Study of Listed Indian Firms","authors":"S. Busru, Shanmugasundaram G, Saumya Singh","doi":"10.1177/2319510X221136689","DOIUrl":"https://doi.org/10.1177/2319510X221136689","url":null,"abstract":"Separation of decision-making and risk-bearing functions in dispersed ownership structures offer scope for opportunistic behaviour of managers. Hence necessitate proactive governing mechanism for ratification and monitoring of decisions from the initiation and implementation of the decisions for protection of shareholders as well as stake holders interest. The motive of this paper is to evaluate whether risky behaviour provide conducive environment for earning manipulation and analyze the moderating effect of corporate governance (CG) and ownership attributes in reducing earnings management practices in high risk conditions. A structural Partial least square (PLS) equations model was developed to analyze the relationship and CG constructs moderating role was evaluated. Based on a sample of 270 listed Indian firms in NSE during the period of 9 years from 2007–2008 to 2015–2016 using smart-PLS, it was detected that market risk, financing and investing risk manifold opportunities of managers to maximise their own benefits by manipulating the information in their discretion (discretionary accruals measured through modified Jones Model). CG mechanism constructs like audit, risk and compensation committees, board activities, board characteristics, transparency have been found significant in moderating the relationship between risk and earning management while board composition and ownership structure have failed to restrain the opportunistic behaviour of managers in favourable risky environment contradicting acceptance of efficient monitoring hypothesis and resource based view in India corporate setting.","PeriodicalId":283517,"journal":{"name":"Asia Pacific Journal of Management Research and Innovation","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130210261","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}
J. Ahmed, Rifat Iqbal, Q. T. Islam, M. Gazi, Asma Ahmed
{"title":"P&O Cruises: The Case of Pursuing Sustainability Goal","authors":"J. Ahmed, Rifat Iqbal, Q. T. Islam, M. Gazi, Asma Ahmed","doi":"10.1177/2319510X221136693","DOIUrl":"https://doi.org/10.1177/2319510X221136693","url":null,"abstract":"Tourism is one of the major industries around the world, having a direct and indirect contribution to the global GDP. The cruise industry is among the vital components of the tourism industry that has an impact on the water-based transportation system. Among all the cruise companies, the oldest one that is still running successfully in the market is P&O Cruises. The main focus of this case is to explore how the oldest cruise company of the world follows sustainable tourism practices to achieve a competitive advantage in the developed country context. Theoretically, the economic, environmental and social components of sustainable tourism have been incorporated with the business practice of the company. The case finds that raising environmental awareness embedded with competition has led to the practices of reduced carbon and water waste, ethical procurement policy and increased use of renewable energy that can help companies to attain sustainability goals 2020 and beyond.","PeriodicalId":283517,"journal":{"name":"Asia Pacific Journal of Management Research and Innovation","volume":"59 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123803595","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":"Factors Affecting Social and Financial Efficiency of MFIs: DEA and Tobit Approach","authors":"S. Chauhan","doi":"10.1177/2319510X221141257","DOIUrl":"https://doi.org/10.1177/2319510X221141257","url":null,"abstract":"This study aims to examine the factors that affect the social and financial efficiency of Indian Microfinance Institutions (MFIs). Relative efficiency of 38 non-banking financial companies (NBFC)-MFIs has been measured using the non-parametric data envelopment analysis (DEA) approach. The determinants of social and financial efficiency of MFIs have been identified using censored Tobit regression. The study findings indicate that NBFC-MFIs are financially more efficient than social. Regression analysis results reveal that age and size are important variables of financial efficiency while leverage and size are social efficiencies. This may be the first extensive study measuring the determinants of efficiency on financial and social dimensions separately for Indian NBFC-MFIs. This study contributes to the scarce literature by providing the role of efficiency in the sustainability of MFIs in the long run.","PeriodicalId":283517,"journal":{"name":"Asia Pacific Journal of Management Research and Innovation","volume":"44 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130741106","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}
Somayya Madakam, Takahiro Uchiya, S. Mark, Yotam Lurie
{"title":"Artificial Intelligence, Machine Learning and Deep Learning (Literature: Review and Metrics)","authors":"Somayya Madakam, Takahiro Uchiya, S. Mark, Yotam Lurie","doi":"10.1177/2319510X221136682","DOIUrl":"https://doi.org/10.1177/2319510X221136682","url":null,"abstract":"Nowadays the ‘Artificial Intelligence (AI)’ research phenomena is exponentially growing due to its immense applications in all disciplines. That is why all the business corporates are in development of AI products and services in a bigger way. The humanoid robot Sophia, supply chain logistics drones, the Amazon voice recognition Alexa, and Tesla’s self-driving cars are some of the AI and its sister technological footprints in our life. Hollywood movies also witnessed the inevitable role of AI and its solicitations in human life. Hence, to provide quality of life to human beings as well as quality of service in professional life, there need to be more AI innovative solutions. As the concept is contemporary, the study comes under exploratory study however, data have been collected from online databases including Web of Science, Scopus, EBSCO and Google Scholar. The aim of this research paper is to give an overview of AI and its sister technologies of Machine Learning and Deep Learning. Through an in-depth literature review, the manuscript explored many business applications of these technologies. The study revealed that AI, ML and DL applications are exponentially growing in many sectors including banking, insurance, healthcare, e-commerce, social media networking and transportation to name a few. Moreover, the authors also provided VOSviewer’s functionality for displaying bibliometric maps on AI, ML and DL literature analysis. This shows the importance of the phenomenon, authors, countries, journals and year of publications.","PeriodicalId":283517,"journal":{"name":"Asia Pacific Journal of Management Research and Innovation","volume":"54 57 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132057876","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":"An Empirical Study of Motivational and Driving Factors on Women Entrepreneurship Venturing in India","authors":"K. Khan","doi":"10.1177/2319510X221142907","DOIUrl":"https://doi.org/10.1177/2319510X221142907","url":null,"abstract":"Globally, the rate of women entrepreneurship has been growing at more than 10% each year. In fact, women have started to open their own business. Women entrepreneurs create job for themselves as well as for others too. Women in India are gaining importance in the era of economic, liberalisation, privatisation and globalisation. The institutional policy and framework for developing entrepreneurial skills and providing training and education to the women have opened the door for economic development, as well as in empowering the women. One can see a plethora of successful women entrepreneurs successfully venturing in India both in social as well as economic fields. There are number of schemes started by government of India to uplift women. Such schemes are such as National Skill Development Policy, Mudra Yojna Schemes, National Skill Development Mission, Mahila Udyam Nidhi Scheme, Stree Shakti Package, Annapurna Scheme and many more. Women entrepreneurship can be regarded as one of the most important tools to empower women in India. Still the women face gender base problem in starting and growing their venture. This article generally explores the motivational and driving factors that help women entrepreneurs to venture in India. Random sampling techniques have been used on 80 women entrepreneurs while conducting the research. The researcher has used Pearson correlations and Regression Analysis for testing the hypothesis. The overall result of this article depicts that there is a significant effect of pull motivation factors and marginal effect of push motivational factors on women entrepreneurs who are venturing their business in India.","PeriodicalId":283517,"journal":{"name":"Asia Pacific Journal of Management Research and Innovation","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114206215","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":"Elements of Innovation Culture Influencing Individual Research and Development (R&D) Performance in Public Higher Education Institutions in the Philippines","authors":"Paul Jersey G. Leron, R. Baconguis","doi":"10.1177/2319510X221135662","DOIUrl":"https://doi.org/10.1177/2319510X221135662","url":null,"abstract":"This study explored the elements of innovation culture influencing individual performance of research and development (R&D) personnel. It employed quantitative research wherein innovation culture and R&D performance assessment tools were developed and administered to 115 R&D personnel in public higher education institutions (HEIs). Individual performance in terms of quantity of R&D outputs such as inventions, utility models, other intellectual property (IP) and creations, and scientific publications were assessed. Spearman’s rank-order correlation test showed significant association between inclusivity, continuous improvement, creativity, learning organization, innovativeness, communication system, innovation process, and the innovative teams and groups and performance of R&D personnel. Furthermore, the ordinal logistic regression analysis showed that freedom, orientation to technological innovation, innovation process, creativity, flexibility, openness, continuous improvement, learning organization, innovative teams/groups and individuals can influence individual performance of R&D personnel in public HEIs. This study added to our understanding of innovation culture in public or government organizations by providing empirical information on its validity and applicability, which can help analyse its elements in relation to individual performance. It gave insights on how each element of innovation culture can influence individual performance, particularly the production of R&D outputs in public HEIs.","PeriodicalId":283517,"journal":{"name":"Asia Pacific Journal of Management Research and Innovation","volume":"14 29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124741399","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":"Central Bank Independence: A Pseudo de Facto Case of Reserve Bank of India","authors":"A. Bhat, J. Khan","doi":"10.1177/2319510X221136680","DOIUrl":"https://doi.org/10.1177/2319510X221136680","url":null,"abstract":"The trend of studies dealing with the correlation between central bank independence and inflation rose to prominence in the last twentieth century, 1980’s. These phenomena lead to development of certain empirical indices for measuring CBI across the countries. This study tries to evaluate the central bank independence in India using the index modelled on the lines of Jasmine Mona and Talla with minor modification regarding price stability objective. The study covers the time period from 1990–1991 till 2018–2019. The results found were that CBI has in India has more or less increased but improved significantly since the adoption of inflation targeting and formation of monetary policy committee post 2016.","PeriodicalId":283517,"journal":{"name":"Asia Pacific Journal of Management Research and Innovation","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126081603","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":"Affective States and Emotional Exhaustion: Mediating Role of Depersonalisation and Personal Accomplishment","authors":"K. Sudha, M. Saxena","doi":"10.1177/2319510X221135947","DOIUrl":"https://doi.org/10.1177/2319510X221135947","url":null,"abstract":"The purpose of the study is to analyse the relationship of positive and negative affect with emotional exhaustion through the mediating effect of depersonalisation and personal accomplishment (undertaken as coping resources). It was posited that both depersonalisation and personal accomplishment will have an indirect effect on emotional exhaustion as they differ so profoundly. A sample of 291 from the manufacturing and IT sector participated in the study. To analyse the direct and indirect effects, IBM SPSS 25 and SmartPLS 2.0 were used. The findings reflect that affective states stimulate depersonalisation and personal accomplishment distinctly. Depersonalisation was a significant mediator linking affective states and emotional exhaustion. The binges of positive affect and emotion regulation are elaborated through the Broad and Build theory. Personal accomplishment marginally mediated emotional exhaustion. The results also provide support for questionable sequential measurement of burnout and affective bipolarity. The study empirically tested the developmental pathways between affective states and emotional exhaustion in the human services sector, and highlighted a more nuanced understanding of emotional regulation and dealing with burnout. Practical implications, as well as theoretical concerns, were highlighted.","PeriodicalId":283517,"journal":{"name":"Asia Pacific Journal of Management Research and Innovation","volume":"74 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125367341","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":"Mergers and Acquisitions in the Bombay Stock Exchange: Testing for Market Efficiency Using Panel Regression","authors":"Neha Rohra, Anita","doi":"10.1177/2319510X221135749","DOIUrl":"https://doi.org/10.1177/2319510X221135749","url":null,"abstract":"M&As are inorganic growth strategies which are not only related to accounting measures of performance of firms but also affect the wealth of shareholders either positively or negatively. According to the hubris hypothesis (Roll, 1986), M&A announcements result in a decrease in the stock price of the acquiring firm, leading to a fall in its value. On the other hand, the synergy hypothesis states that the two firms merge to take advantage of economic gains that result from sharing of resources, resulting in increased returns to the shareholders of both firms. The purpose of this paper is to find out whether there is any difference in the stock price and returns before and after the announcement of M&A. Also, it has been found that Indian stock market is efficient in a semi-strong form in the event of successful merger announcements.","PeriodicalId":283517,"journal":{"name":"Asia Pacific Journal of Management Research and Innovation","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127396000","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":"The Experiences, Challenges and Acceptance of Online Food Application by the Consumers and the Enhancement of Value Through Blockchain Technology","authors":"P. Mathur, V. Mathur","doi":"10.1177/2319510X221135746","DOIUrl":"https://doi.org/10.1177/2319510X221135746","url":null,"abstract":"Technology has played a role to revolutionise the food delivery service from phone based to online ordering to satiate consumers’ ever-shifting demands, making its way to the top. Today, the business of food delivery services is one of the fastest segments of e-commerce. This study is conducted to know how consumer expectations from online food service providers. Customer value creation is the utmost requirement for the sustainability of these services. To create value the bottlenecks need to be removed from the service process to enhance highest quality of customer experience through the application of blockchain technology. This paper studies the relationship between information quality and availability at various levels with customer satisfaction through a technology adoption model and value creation through blockchain.","PeriodicalId":283517,"journal":{"name":"Asia Pacific Journal of Management Research and Innovation","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130798722","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}