Management Today, Vol.9, No.2, April-June 2019,Publication Information
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Editorial |
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Vol.9, No.2, April-June 2019, Article:1 |
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Title |
Investigation of the Causality Relationship between Receipts and Expenditure of Punjab State Government |
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Authors |
Rashpaljeet Kaur1 and Rajinder Kaur 2 |
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Affiliation |
1 Assistant Professor, PG Dept. of Commerce, Mata Gujri College, Fatehgarh Sahib, Email id: rashpalseerha@gmail.com / Professor, Dept. of Commerce, Punjabi University, Patiala. Email id:rajindergb@yahoo.com / Postal Address: Rashpaljeet Kaur W/O- Adv. Jaspreet Singh, Vill.- Jhambali Khas, PO- Bhadson, Teh.- Nabha, District- Patiala, Pin Code- 147202 |
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DOI |
http://dx.doi.org/10.11127/gmt.2019.06.01 |
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Page Nos. |
77-83 |
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Keywords |
Receipts; expenditure; government, Punjab; Toda-Yamamoto. |
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Abstract |
The relationship between revenue and expenditure of government has attracted a lot of interest particularly with respect to budget deficits. The goal of this paper is to investigate evidence for causality between Punjab government receipts and expenditure within a trivariate framework by modeling them together with gross state domestic product (GSDP). The study uses the annual time series data. The data are analyzed to determine its stationary using Augmented Dickey Fuller (ADF) unit root test. The four schools of thoughts have been included in this paper on the basis of vast literature available about this relation. Our application of the Toda and Yamamoto (1995) test for Granger causality reveals support for the "institutional separation" hypothesis for Punjab state. On the other hand, there is a strong bidirectional causality relationship between total expenditure and GSDP of Punjab state. Similarly, the evidence of bidirectional causality relation between state government receipts and GSDP of Punjab is found. |
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Vol.9, No.2, April-June 2019, Article:2 |
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Title |
Stock Market Reaction towards Demonetization in India: An Empirical Study |
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Authors |
Garima Baluja |
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Affiliation |
Assistant Professor, DAV University, Punjab, garima.baluja@gmail.com |
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DOI |
http://dx.doi.org/10.11127/gmt.2019.06.02 |
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Page Nos. |
84-90 |
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Keywords |
Demonetization; digital financial inclusion; independent sample t test; Indian stock market; Mann Whitney Wilcoxon test. |
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Abstract |
This paper aims to empirically examine the reaction of Indian stock market towards demonetization with special reference to BSE Sensex and NSE Nifty. Demonetization has been one of the major moves of Government of India, which was initiated to curb black money and to ensure the digital financial inclusion in the country. This step has affected several sectors of the economy and one of the major sectors that have seen huge volatility during this period of demonetization is Indian stock market. Several studies have explored the fluctuations in Indian stock market against various micro and macro factors of the economy; however, there is a dearth of statistical evidence on the effect of recent demonetization on it. Hence, the present study is an attempt to explore the reaction of stock market during the period of demonetization in India. For the purpose of this study, the data on BSE Sensex and NSE Nifty has been collected for 45 days pre and 45 days post demonetization period, i.e. 1st September to 8th November 2016 and 9th November, 2016 till 12th January 2017. Further, the returns are computed for both the indices. Using Independent sample t test and Mann Whitney Wilcoxon test, the study exhibits a significant difference in the values of pre and post demonetization in both Sensex as well as Nifty. However, no significant results are obtained for pre and post demonetization returns on these indices. This shows that although Sensex and Nifty have significantly fluctuated due to this event, yet the overall returns have remained unaffected. The findings of this study have fruitful implications for investors, companies, and market at large. |
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Vol.9, No.2, April-June 2019, Article: 3 |
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Title |
Revisiting Multi Factor Leadership Questionnaire and Subsequent Development of a New Leadership Scale |
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Authors |
Asima Mushtaq |
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Affiliation |
Researcher, Department of Management Studies, University of Kashmir, Srinagar, J&K, India 190001, dr.asima786@gmail.com |
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DOI |
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Page Nos. |
91-99 |
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Keywords |
Leadership; multi factor leadership questionnaire (MLQ); Kashmir. |
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Abstract |
The paper seeks to revisit the Multifactor Leadership Questionnaire MLQ so as to check its adoptability in the present scenarios of the businesses. Apart from the three leadership styles of MLQ, i.e., transformational leadership, transactional leadership and laissez-faire leadership, the study has included autocratic leadership as well for examination as this style is perceived to be prevalent still in some businesses. The final questionnaire has been framed after performing series of psychometric tests. |
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Vol.9, No.2, April-June 2019, Article:4 |
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Title |
Limited Impact of Information and Communication Technologies (ICTs) on Adoption for Cashless Transactions in Unorganized Retail Sector - Demonetization in Indian Context |
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Authors |
Sudha Vemaraju |
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Affiliation |
Assistant Professor, Hyderabad Business School, GITAM University, Hyderabad, E-Mail ID: diwan.sudha@gmail.com |
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DOI |
http://dx.doi.org/10.11127/gmt.2019.06.04 |
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Page Nos. |
100-107 |
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Keywords |
Demonetization; information & communication technology (ICT); unorganized retail sector; fish bone diagram; cashless transactions. |
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Abstract |
The informal sector in specific is mostly affected by demonetization move, as significant proportions of the transactions are made using cash. Against this backdrop, the current paper aimed to comprehend the view point of retailers and customers on demonetization move, and its impact on their adoption of cashless transaction in Indian unorganized retail context. This objective is accomplished through gathering data using structured questionnaire from sixty retailers and sixty customers through qualitative interviews in Uttar Pradesh State, India. Hierarchical multiple regression was used to test the proposed model for the retailer's data and Fish Bone Model was developed for customer's data. Findings from retailers view point indicated that , awareness on perceived benefits, impact on business, human capital and level of profits to be significantly predicting the adoption of cashless transactions. Further, when Information and Communication Technology (ICTs) Ownership & Usage is included to the above variables, the prediction was improved. ICTs ownership and usage was found to have a limited impact on adoption of cashless transactions. The qualitative findings from customers view point revealed that factors related to retailers, Government, level of expertise and buyers (customers) restrained them from adapting to cashless modes of payments. Information from this study aids retailers, Government and also customers in understanding the impact on such move. This study explored the hardly researched area, as the facts are unclear, and further the impact of such a move would vary in its extent, type of public and geographical area. |
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Vol.9, No.2, April-June 2019, Article:5 |
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Title |
High Performance Work System and Employee Deviant Behavior: A Study of Selected IT Organizations
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Authors |
Shivani Thapliyal1 and Patiraj Kumari 2 |
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Affiliation |
1 Research Scholar (Corresponding Author), 2 Professor, Department of Management Studies, Kanya Gurukul Campus, Gurukul Kangri Vishwavidyalaya, Dehradun, Email: shivani_thapliyal@yahoo.co.in / drpkumari3@rediffmail.com |
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DOI |
http://dx.doi.org/10.11127/gmt.2019.06.05 |
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Page Nos. |
108-113 |
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Keywords |
Employee deviant behavior; high performance work system; IT firms. |
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Abstract |
In present scenario the deviant behavior of employees in organizations has become a serious concern in human resources management. There is growing interest among researchers concerning the causes and consequences of deviant workplace behaviors. This study explores the effect of high performance work systems (HPWS) on employee deviant behaviors in selected IT organizations. For measuring the influence of high performance work system on employee deviant behavior a sample of 150 IT employees have been selected for getting responses by using a structured questionnaire. Statistical techniques like correlation, multiple regression and linear regression is performed with the help of SPSS software to analyze the collected data. It was found that high performance work systems have a strong negative influence on employee withdrawal behaviors. The present paper is divided into six sections wherein the first section consists of a brief introduction of the variables under study. The second section of the paper covers the review of literature which consists research studies of high performance work system and employee deviant behavior. Third section comprises of research methodology which includes the formulated hypotheses, data collection and sampling. The fourth section consists of data analysis and interpretation and the fifth section covers the findings and discussions of the study. The conclusion and implications have been included in the last section of the research paper. |
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Vol.9, No.2, April-June 2019, Article:6 |
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Title |
A Framework to Enhance Employee-Manager Relationship in South African Municipalities - The Case of the Nelson Mandela Bay Municipality in Port Elizabeth, South Africa |
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Authors |
Louis Mosake Njomo |
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Affiliation |
Department of Marketing, University of Douala (ESSEC), lmnjomo@gmail.com |
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DOI |
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Page Nos. |
114-128 |
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Keywords |
Employee-manager relationship; South African Municipalities; Nelson Mandela Bay Municipality; respect; transparency; involvement; recognition; communication. |
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Abstract |
The life of a business is its employees. Thus businesses wishing to compete globally must understand the human side of their organization and business processes. Therefore ensuring effective employee-manager relationship in organizations is more important. The art of developing and keeping successful relationships is paramount to success in the business world. The present paper is an attempt to develop a framework to enhance manager-employee relationship at the Nelson Mandela Bay Municipality. This study has used five variables (respect, transparency, involvement, communication and recognition) to examine employee-manager relationship at Nelson Mandela Bay Municipality. After conducting and analyzing the content of 71 questionnaires the study concludes that there was a significant level of disrespect, lack of transparency, miscommunication, lack of recognition, and minimal employee involvement in the relationship between employees and managers at the Nelson Mandela Bay Municipality. |
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Vol.9, No.2, April-June 2019, Article:7 |
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Title |
A 'Qualitative' Analysis of Critics on Qualitative Research in Management |
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Authors |
Guoxin Ma1 and Olaleye Oluwabunmi Olayinka2 |
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Affiliation |
1 Anhui University of Finance and Economics, Associate Professor, Postal Address: No. 962, Caoshan Road, Bengbu, Anhui, China, E-mail: mgxb1314@163.com (corresponding author) / 2Theo and Philips Consult, Title: Private Business Consultant, Postal Address: 1164, Brightoncrest Green, South East, Calgary, T2Z 1G9, Alberta, Canada |
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DOI |
http://dx.doi.org/10.11127/gmt.2019.06.07 |
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Page Nos. |
129-135 |
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Keywords |
Qualitative research; research quality; research rigour; management research. |
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Abstract |
This paper is inspired by, and in part in responding to, a widely observed tendency that management research is predominantly built on quantitative research, and an accompanying general sentiment that qualitative research is oftentimes not worth taking seriously. In passionately depending its applications, we review some pertinent dialogues on quality and rigour of qualitative research which leads us to advocate a view that the final test for qualitative research is usefulness, reflected in its rigour in research processes passing the judgement of authority and validity to audience, rather than the quantitatively constructed concept of rigour in its findings. |
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Vol.9, No.2, April-June 2019, Article:8 |
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Title |
Book Review |
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Authors |
Annavajhula J.C. Bose |
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Affiliation |
Department of Economics, Shri Ram College of Commerce, Delhi (ajc.bose@srcc.du.ac.in) |
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DOI |
http://dx.doi.org/10.11127/gmt.2019.06.08 |
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Page Nos. |
136-138 |
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Keywords |
Work; workers; degradation; destruction; dehumanization; capitalist management; social sustainability. |
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Abstract |
Books Reviewed: (1) Making Cars in the New India: Industry, Precarity and Informality (Barnes, Tom. 2018. Cambridge University Press. Paperback. pp. 261. Price: INR 499); (2) The Sweatshop Regime: Labouring Bodies, Exploitation and Garments Made in India (Mezzadri, Alessandra. 2017. Cambridge University Press. Paperback. Pp.246. Price: INR 550). |
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For full texts of the articles please visit http://indianjournals.com/ijor.aspx?target=ijor:mgt&type=home |
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