Asia Pacific Journal of Management Research and Innovation最新文献_第9页

IPO’s Underpricing: Trends, Determinants and Role of Underwriters IPO定价过低:趋势、决定因素和承销商的作用

Asia Pacific Journal of Management Research and Innovation Pub Date : 2018-09-01 DOI: 10.1177/2319510X18817450

A. Singh, Mohit Kumar

{"title":"IPO’s Underpricing: Trends, Determinants and Role of Underwriters","authors":"A. Singh, Mohit Kumar","doi":"10.1177/2319510X18817450","DOIUrl":"https://doi.org/10.1177/2319510X18817450","url":null,"abstract":"In this study, we examine the trends of the initial public offering (IPO) market, a relationship between the composition of underwriters and size of firms and determinants of underpricing in small, medium and large firms. The sample data period is from November 2003 to March 2018. We have found that large firms have been deploying book-running lead managers (BRLMs) twice as much as in medium and small firms. Similarly, the total number of underwriters in IPOs of large firms are found to be more than small and medium size IPOs. However, uses of syndicate services do not seem to have much difference among all categories of the firms. The IPOs are growing in terms of number of IPOs, size of IPOs (fund raised) and the average size of IPOs. Offer subscription has been found to be a common determinant to explain underpricing across the categories. It can be concluded that advertisement seems to reduce information asymmetry in a large market but does the opposite in a medium-sized market. Age of public firms can reduce the information asymmetry, but statistical shreds of evidence have been found only in case of large-sized firms. For medium-sized firms, BRLMs can help to reduce information asymmetry and consequently have low underpriced IPO offer.","PeriodicalId":283517,"journal":{"name":"Asia Pacific Journal of Management Research and Innovation","volume":"1 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":"114934384","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}

引用次数: 2

Factors Determining the Innovation Types of Manufacturing SMEs in India 决定印度制造业中小企业创新类型的因素

Asia Pacific Journal of Management Research and Innovation Pub Date : 2018-09-01 DOI: 10.1177/2319510X18817647

Mubarak Rahman P., V. Kavida

引用次数: 3

Workplace Spirituality, Grit and Work Engagement 职场精神、勇气和工作投入

Asia Pacific Journal of Management Research and Innovation Pub Date : 2018-03-01 DOI: 10.1177/2319510X18811776

Jasmeet Singh, V. Chopra

{"title":"Workplace Spirituality, Grit and Work Engagement","authors":"Jasmeet Singh, V. Chopra","doi":"10.1177/2319510X18811776","DOIUrl":"https://doi.org/10.1177/2319510X18811776","url":null,"abstract":"Workplace spirituality and grit are gaining momentum among researchers, academicians and business professionals. While workplace spirituality is an extrinsic factor which refers to a supportive working environment, grit is an internal factor which refers to passion and perseverance. The aim of this article is to examine the impact of workplace spirituality and grit on work engagement. Data were collected using standardised questionnaires from 275 full-time employees working in various government, private and public–private organisations in Delhi-NCR, India. Correlational analysis showed a positive correlation between components of workplace spirituality (inner life, meaningful work and community) and components of work engagement (attention and absorption) and between components of grit (consistency of interest and perseverance) and components of work engagement (attention and absorption). Hierarchical multiple regression analysis showed that meaningful work, consistency of interest and perseverance significantly predicted work engagement after controlling for gender, age, tenure and educational qualification. This implies that organisations should hire employees with high grit and provide them with meaningful work to enhance their engagement. Practical and theoretical implications, along with the limitations of the study, are discussed.","PeriodicalId":283517,"journal":{"name":"Asia Pacific Journal of Management Research and Innovation","volume":"57 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129588096","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}

引用次数: 20

Incremental Innovations in Ghanaian SMEs: Propensity, Types, Performance and Management Challenges 加纳中小企业的渐进式创新:倾向、类型、绩效和管理挑战

Asia Pacific Journal of Management Research and Innovation Pub Date : 2018-03-01 DOI: 10.1177/2319510X18810034

S. Oduro, K. Nyarku

{"title":"Incremental Innovations in Ghanaian SMEs: Propensity, Types, Performance and Management Challenges","authors":"S. Oduro, K. Nyarku","doi":"10.1177/2319510X18810034","DOIUrl":"https://doi.org/10.1177/2319510X18810034","url":null,"abstract":"Incremental innovation has been recognised as a key factor to SMEs’ survival and growth in today’s hyper-competitive business world. Notwithstanding this inspired recognition, analytical and empirical studies on SMEs’ incremental innovation practices are still measly in emerging economies. Drawing from the dynamic capabilities theory, the present study sought to examine SMEs’ incremental innovation practices in Accra, Ghana. The study followed a multiple-case qualitative methodology using a semi-structured interview and a simple random sampling method to select 17 SMEs for the study while an inductive approach was used to analyse the transcribed data from the informants. The findings disclosed that the incremental innovation propensity and innovation types in the SMEs differ from small firms to medium firms and from manufacturing firms to service firms. It was further disclosed that the incremental innovation practices have improved the performance of the SMEs in terms of increased customer satisfaction and loyalty, sales growth, competitiveness, and global market reach, while their paramount innovation management challenges were lack of financial resources, infrastructure, specialized personnel, and information on technology. These findings add to SMEs theory and practice and offer novel theoretical insights for researchers and valuable managerial implications for SMEs’ managers in emerging economies.","PeriodicalId":283517,"journal":{"name":"Asia Pacific Journal of Management Research and Innovation","volume":"1049 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116279677","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}

引用次数: 11

Analysis of the Effect of Working Capital Management on Profitability of the Firm: Evidence from Indian Steel Industry 营运资金管理对企业盈利能力的影响分析:来自印度钢铁行业的证据

Asia Pacific Journal of Management Research and Innovation Pub Date : 2018-03-01 DOI: 10.1177/2319510X18812142

Pinku Paul, Paroma Mitra

{"title":"Analysis of the Effect of Working Capital Management on Profitability of the Firm: Evidence from Indian Steel Industry","authors":"Pinku Paul, Paroma Mitra","doi":"10.1177/2319510X18812142","DOIUrl":"https://doi.org/10.1177/2319510X18812142","url":null,"abstract":"Working capital is one of the important measures of a firm’s efficiency and represents the total liquid assets available with a firm. It reflects a firms’ ability to meet day-to-day operating expenses and also acts as an indicator of a firm’s short-term financial health. So a firm has to plan the effective utilisation of its working capital in order to maintain equilibrium between liquidity and profitability of the business. Therefore, the present article tries to examine the impact of working capital management on profitability of the firms of Indian steel industry. The study has taken into consideration four independent variables, that is, Current ratio, Quick ratio, Debtors turnover ratio and Finished goods turnover ratio which act as the indicators of working capital use in the industry. Return on total assets represents the profitability of the industry and acts as a dependent variable to develop an empirical model in order to establish relationship between working capital management and profitability of the steel industry in India by using panel data regression. The period of study is 17 years, that is, 2000–2016. The result of the study indicates that the impact of working capital management on profitability of the firms of Indian steel industry has been significant.","PeriodicalId":283517,"journal":{"name":"Asia Pacific Journal of Management Research and Innovation","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125309096","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}

引用次数: 17

An Examination of the Factors Affecting Employee Motivation in the Higher Education Sector 高等教育部门员工激励的影响因素研究

Asia Pacific Journal of Management Research and Innovation Pub Date : 2018-03-01 DOI: 10.1177/2319510X18810626

J. Hanaysha, S. Hussain

引用次数: 13

Investment Decision-Making Process between Different Groups of Investors: A Study of Indian Stock Market 不同投资者群体之间的投资决策过程:印度股票市场的研究

Asia Pacific Journal of Management Research and Innovation Pub Date : 2018-03-01 DOI: 10.1177/2319510X18813770

R. Raut, R. Kumar

引用次数: 10

Taking Asia–Pacific Journal of Management Research and Innovation to the Next Level 《亚太管理研究与创新期刊》再创辉煌

Asia Pacific Journal of Management Research and Innovation Pub Date : 2018-03-01 DOI: 10.1177/2319510X18814324

S. Singh

引用次数: 0

Mediating Effect of Engagement on Workplace Spirituality–Job Involvement Relationship: A Study among Generation Y Professionals 工作投入对职场灵性-工作投入关系的中介作用:Y世代专业人士的研究

Asia Pacific Journal of Management Research and Innovation Pub Date : 2018-03-01 DOI: 10.1177/2319510X18810995

Manju Mahipalan, Sheena S.

{"title":"Mediating Effect of Engagement on Workplace Spirituality–Job Involvement Relationship: A Study among Generation Y Professionals","authors":"Manju Mahipalan, Sheena S.","doi":"10.1177/2319510X18810995","DOIUrl":"https://doi.org/10.1177/2319510X18810995","url":null,"abstract":"The complexity of today’s world reflects on the professional lives of people as well. This complexity and its subsequent impact on work–life balance have necessitated organisations to thoughtfully consider the spiritual dimension of individuals at work, which has been neglected for years. The purpose of this study is to examine the interrelationships among workplace spirituality (WS), employee engagement and job involvement among Generation Y employees. Accordingly, a model is proposed which delineates the interactions among these constructs. Specifically, the mediating effect of employee engagement on the relationship between WS and job involvement is explored. The study uses two different forms of employee engagement, namely, job and organisational engagement. A questionnaire-based survey is adopted to test the aforementioned model, and data was collected from 353 professional consultants working in different sectors. The results of regression analyses support all the stated relationships, as well as provide evidence for the mediational effect of engagement. The findings of the study suggest the existence of significant relationships between spirituality and job and organisational engagement. Both forms of engagement partially mediate the relationship between WS and job involvement. The study illustrates that spirituality could be a significant predictor of employee engagement and job involvement among employees in the service sector. Based on the findings, it is reasonable to assume that spirituality could be a vital element in managing the work attitudes of Generation Y workers.","PeriodicalId":283517,"journal":{"name":"Asia Pacific Journal of Management Research and Innovation","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132422438","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}

引用次数: 14

Investments, Market Timing and Portfolio Performance across Indian Bull and Bear Markets 印度牛市和熊市的投资、市场时机和投资组合表现

Asia Pacific Journal of Management Research and Innovation Pub Date : 2017-09-01 DOI: 10.1177/2319510X18776403

Sunaina Kanojia, N. Arora

{"title":"Investments, Market Timing and Portfolio Performance across Indian Bull and Bear Markets","authors":"Sunaina Kanojia, N. Arora","doi":"10.1177/2319510X18776403","DOIUrl":"https://doi.org/10.1177/2319510X18776403","url":null,"abstract":"The returns generated from an investment alternative are exponentially higher when espoused with appropriate timings. This article expound on the market timing used by investors to formulate profitable investment strategies in the stock market, which requires gathering of information at both micro- and macro-levels along with market trends to make timely decisions and evaluating the universe of stocks available. The market trends are been broadly classified into bull and bear phases, which have dynamic influence on buying and selling in the stock market. Further, the study supports the retail investors’ participation in the market for long-term to generate higher returns as compared to other conventional alternatives. The study attempts to identify bull and bear market turning points using a formal turning point identification procedure and formulate a profitable investment strategy in bull or bear market phases to maximise the returns. Hence, the present study provides to understand how the two phases influence investment decisions and determine the implications of bull and bear market phases on investors’ investment strategy.","PeriodicalId":283517,"journal":{"name":"Asia Pacific Journal of Management Research and Innovation","volume":"46 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127840559","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}

引用次数: 3