Amanjot Singh Syan, Vikas Kumar, V. Sandhu, B. S. Hundal
{"title":"Empirical Analysis of Farmers’ Intention to Adopt Sustainable Agricultural Practices","authors":"Amanjot Singh Syan, Vikas Kumar, V. Sandhu, B. S. Hundal","doi":"10.1177/2319510X19848857","DOIUrl":"https://doi.org/10.1177/2319510X19848857","url":null,"abstract":"The present research aims to study the farmers' intention to adopt sustainable agriculture practices. The sample size of 283 respondents has been considered and responses have been recorded from different areas of Punjab state (India) using a research schedule. The study considered six dimensions namely perceived usefulness; self efficacy; extension services; social capital; facilitating conditions and compatibility have been taken from the existing literature. The data thus collected, has been analysed using exploratory factor analysis, confirmatory factor analysis, and multiple regression analysis. The results of the study confirmed that perceived usefulness, self efficacy and extension services play a significant role whereas social capital, facilitating conditions, and compatibility have no significant impact on the decisions to implement sustainable Agricultural practices.","PeriodicalId":283517,"journal":{"name":"Asia Pacific Journal of Management Research and Innovation","volume":"140 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132439707","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":"Online Banking and Customer Satisfaction: Evidence from India","authors":"A. Banu, N. Mohamed, Satyanarayana Parayitam","doi":"10.1177/2319510X19849730","DOIUrl":"https://doi.org/10.1177/2319510X19849730","url":null,"abstract":"On the basis of technology acceptance model (TAM) and decomposed theory of planned behaviour (DTPB), the present study is aimed at studying customer satisfaction in online banking in India. Data collected from 750 respondents from both public and private sector banks were used to test the mediated model using the hierarchical regression. The results supported that perceived usefulness acted as a partial mediator in the relationship between various independent variables, such as awareness of online banking services, security, knowledge of Internet, self-efficacy, intention to adopt, trust, easy to use, and dependent variable, that is, customer satisfaction. Implications for research and practising managers are discussed.","PeriodicalId":283517,"journal":{"name":"Asia Pacific Journal of Management Research and Innovation","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127695415","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":"Foreign Direct Investment and Economic Growth in India: A Sector-specific Analysis","authors":"S. Jana, T. N. Sahu, K. Pandey","doi":"10.1177/2319510X19849731","DOIUrl":"https://doi.org/10.1177/2319510X19849731","url":null,"abstract":"The motivation behind this empirical investigation comes from the inconclusive evidence produced by a flurry of previous empirical studies on foreign direct investment (FDI)-growth nexus. The study recognises the fact that the treatment of FDI inflows in an aggregate form instead of a sector-specific approach while correlating it with economic growth remains the most tenuous assumption of the previously conducted studies. Driven by the impetus of filling this gap, this study applies a time-varying parameter model with vector autoregressive specification to examine as to how sector-wise FDI inflows can affect the growth of respective sectors in the context of an emerging economy like India. The study uses a number of econometric tests, such as Johansen’s cointegration test, vector error correction model, Granger causality test, variance decomposition analysis and impulse response analysis, to arrive at robust results. The study evidences the inward FDI to be non-contributive to the agricultural output growth. However, a reverse causality is evidenced wherein agricultural output is found to be attracting more FDI into the sector. It also documents interesting evidence for manufacturing sector where the FDI inflow is found to affect its output positively for a couple of years. Regarding service sector, the study confirms a bidirectional causality between FDI and growth both for the short and long run. On the basis of the findings, the study suggests economic policymakers to rejuvenate the primary sector of India so that it can attract and absorb more FDI and ensure sustainable economic growth. Besides, the agriculture-led economic growth policy might be more reliant than service which is largely vulnerable to external shocks.","PeriodicalId":283517,"journal":{"name":"Asia Pacific Journal of Management Research and Innovation","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127853007","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 Effect of Dividend Policy on Stock Price: Evidence from the Indian Market","authors":"N. Singh, Aakarsh Tandon","doi":"10.1177/2319510X19825729","DOIUrl":"https://doi.org/10.1177/2319510X19825729","url":null,"abstract":"One of the most debated issue in the field of corporate finance is the relationship between dividend policy and market price of share. There is good amount of literature for and against this issue. The present study has been undertaken to evaluate the effect of dividend policy on market prices of shares of Nifty 50 companies listed on the National Stock Exchange (NSE) for 2008–2017. The data have been analysed by employing multiple panel data regression models namely pooled regression, fixed effect model and random effect model. The Hausman test has been used to suggest the most appropriate regression model. The result of the Hausman test indicates that random effect model is more relevant in describing the relationship among the given variables. The results of the random effect regression model support the relevant approaches of dividend policy. Thus, we conclude that there is significant effect of dividend policy on the stock price of firms.","PeriodicalId":283517,"journal":{"name":"Asia Pacific Journal of Management Research and Innovation","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117179890","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":"Brick or Click? Channel Choice Disruptions in Travel Industry","authors":"S. Jasrotia, H. Mishra, S. Koul","doi":"10.1177/2319510X19829308","DOIUrl":"https://doi.org/10.1177/2319510X19829308","url":null,"abstract":"In the current era of digital infusion, customer behaviour is highly fluctuating. This has resulted retailers to be in a confused situation. The current need of the situation is to understand this change in customer behaviour and strategise accordingly. The purpose of the current study is to investigate the drivers of the channel choice, in relevance to travel industry. The study presents a conceptual model that reflects the antecedents to customer channel choice in travel industry. The article is based on a qualitative research analysis using semi-structured interviews to systematically collect and analyse the data. A sample of 25 retailers and 27 customers were selected and interviewed. A grounded theory approach has been adopted to generate a conceptual model. The article identifies several antecedents to channel choice in travel industry. Factors such as customer awareness, urgency of purchase, promotions and facilities have been highlighted and elaborated through the three-staged coding process. The other antecedents of the channel choice that have been highlighted through the verbatim are catchment area, family influences and affordability. In travel industry, channel structures have been well-studied. These studies dominantly focus on the players of the channel or the role of the middleman. The current study is unique in the way it explores the channel choice of customers after understanding both the extremes of the channel, that is, retailers and the customers. Also the methodology used is unique in its own way.","PeriodicalId":283517,"journal":{"name":"Asia Pacific Journal of Management Research and Innovation","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130677639","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":"Buyback Announcement and Its Impact on Shareholders’ Wealth: A Study on Bombay Stock Exchange","authors":"S. K. Pradhan, R. Kasilingam","doi":"10.1177/2319510X18819652","DOIUrl":"https://doi.org/10.1177/2319510X18819652","url":null,"abstract":"Buyback announcement is a programme through which companies buy back its own shares from the public due to many reasons such as undervaluation of share, market situation, lack of investment opportunity and so on. In fact, it may affect the share price movement and company’s performance. In the last couple of years, there is a significant increase of funds offered for buyback in the Indian capital market. Therefore, the study attempts to find out its impact on shareholders’ wealth. To know this impact, buyback announcement are analysed industry-wise using companies of BSE 500 index. The samples are selected based on prescribed criteria made by the researcher which are exclusively related to the number of times buyback programmes are announced by companies under a particular industry. The study analyses the share price movement of sampled companies for 30 days before and 30 days after the announcement. The market adjusted model is used to calculate the abnormal returns (AR). The statistical tools such as paired sample t-test and analysis of variance are used for the analysis. The study concludes that buyback affects the share price of health care industry, fast-moving consumer goods (FMCG) industry, chemical and petrochemical industry, capital goods industry and finance industry, but it is not applicable to other industries such as agriculture industry and transport equipment industry, which are not significant. The reasons behind this may be the size of the buyback offer, mode of the buyback offer and market situation. The study also concludes that AR earned by the investors are not different according to the nature of the industries. This study proves that buyback announcement is irrelevant to shareholders’ wealth.","PeriodicalId":283517,"journal":{"name":"Asia Pacific Journal of Management Research and Innovation","volume":"31 7","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132782505","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":"Taking Two Steps to Reinvent Management Education","authors":"S. Singh","doi":"10.1177/2319510X18817581","DOIUrl":"https://doi.org/10.1177/2319510X18817581","url":null,"abstract":"","PeriodicalId":283517,"journal":{"name":"Asia Pacific Journal of Management Research and Innovation","volume":"144 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132960480","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":"Credit Risk Control at Cameroonian Banks’ Board of Directors: The Problems of the Presence of Directors Representing the State and the Nationality of Chairman","authors":"André Tioumagneng, Rostand Yota","doi":"10.1177/2319510X18817973","DOIUrl":"https://doi.org/10.1177/2319510X18817973","url":null,"abstract":"The evolution of fears related to possible crises reinforces the search of governance, guaranteeing the prudence of banks notably in developing countries. This article discusses the board of directors by proposing to explore the conditions under which it can master the control of bank credit risk. The mobilised conceptualisation pleads for a systemic vision of governance and rejects the relevance of evaluating in isolation the effectiveness of the board of directors. Data used are from a sample of 12 Cameroonian banks for the period 2006–2015. Results highlight that the presence of directors representing the state, unlike the existence of a chairman who is an expatriate, promotes the credit risk. The managerial implication of these results, for possible reforms, is the depoliticisation of the functioning of the board.","PeriodicalId":283517,"journal":{"name":"Asia Pacific Journal of Management Research and Innovation","volume":"44 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116249451","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}
Merugu Venugopal, M. RavindarReddy, Bhanu Prakash, G. Sharma
{"title":"Shareholder Value Creation: A Review of the Theoretical and Empirical Literature","authors":"Merugu Venugopal, M. RavindarReddy, Bhanu Prakash, G. Sharma","doi":"10.1177/2319510X18817189","DOIUrl":"https://doi.org/10.1177/2319510X18817189","url":null,"abstract":"The article attempts to study in detail the significance of shareholder value creation in the companies in emerging markets and reviews the research articles and studies available in categories such as importance, empirical evidence and drivers of shareholder value creation. The purpose of this article is to give an insight into shareholder value in the first section followed by the empirical evidence and drivers of the shareholder value. For this purpose of review, the article considers various studies made on shareholder value creation published by various recognised and other recognised sources. It is observed that shareholder value creation is the most important objective in this competitive business environment to maintain the long-term relationship with the investors. The empirical evidence attempts to prove that value-based measures outperform the traditional accounting measures. The article tries to investigate the need for finding the superior measure among the shareholder value performance measures and recommends the need for reviewing the traditional performance methods.","PeriodicalId":283517,"journal":{"name":"Asia Pacific Journal of Management Research and Innovation","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125645478","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":"FDI Inflows in India: An Analysis of the Trend During 2004–2018 and Future Projections for the Next Decade","authors":"Rachna Madaan, J. Bhandari, Shraddha Mishra","doi":"10.1177/2319510X18816487","DOIUrl":"https://doi.org/10.1177/2319510X18816487","url":null,"abstract":"Developing economies have been seeing an exhaustive rise of foreign direct investment (FDI) inflows all through the past two decades. Traditionally, India has pursued an enormously cautious approach; however, in 1991, India initiated the process of economic reforms towards a more open economy and got the sequence of processes to draw more FDI. The present study depends on the secondary data, and the time of the study is from 2004 to 2018. The FDI inflows have increased from US$5,777.8 million in 2004 to US$61,963.1 million in 2018. This article aims to present the descriptive analysis of FDI inflows in India during the selected period and also describes the long-term trend as well as the growth history of FDI inflows. The motivation behind this article is to make an effort to forecast the FDI Inflows in India for the coming years with the help of growth analysis, trend analysis and ARIMA (Autoregressive integrated Moving Average) forecasting. The result of future projections shows a positive trend indicating manifold increase in FDI inflows in India in the coming years.","PeriodicalId":283517,"journal":{"name":"Asia Pacific Journal of Management Research and Innovation","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123887536","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}