Management Today, Vol.8, No.2, April-June 2018, Publication Information
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Editorial |
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Vol.8, No.2, April-June 2018, Article:1 |
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Title |
Moral Failure in Economics: Journey toward Feminizing Alternatives? |
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Authors |
Annavajhula J. C. Bose |
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Affiliation |
Associate Professor, 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.2018.06.01 |
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Page Nos. |
119-128 |
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Keywords |
Economics; ethical deficits; gender problem; women's values; next evolution. |
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Abstract |
By and large, mainstream male professional economists have produced unethical economics of harm to society. By contrast, women in economics, business and in general are found to be more ethical than men, and from this vantage point, there is scope for useful transformation of society as variously proposed by some female as also male non-economists and maverick as also real world economists. In light of this, students entering economics or management education need not become either cynical or emerge as narrow minded and dangerous to society. On the contrary, they can learn something useful and view the ethical possibilities of economics as socially beneficial and on that basis even aspire to and enjoy becoming life enhancing, socially uplifting leaders. This note is a rough and shallow sketch on these lines. |
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Vol.8, No.2, April-June 2018, Article:2 |
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Title |
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Authors |
Matewos Kebede Refera1, Navkiranjit Kaur Dahliwal2 and Jasmindeep Kaur3 |
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Affiliation |
1 Lecturer, Department of Accounting and Finance, Jimma University, Ethiopia, Corresponding author, E-mail: matewoskrefera@gmail.com or matiwosekebede@gmail.com ; 2Professor, Department of Commerce, Punjabi University, Patiala, India; 3 Professor and Head, Department of Commerce, Punjabi University, Patiala, India |
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DOI |
http://dx.doi.org/10.11127/gmt.2018.06.02 |
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Page Nos. |
129-140 |
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Keywords |
Financial literacy; personal financial management practices. |
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Abstract |
The study was conducted to examine the relationship between level of financial literacy and personal financial management practices. Based on the analysis of primary data collected from 402 urban dwellers in Addis Ababa, Ethiopia, this study has showed that there is a positive relationship between financial literacy and financial behaviour. Financial literacy was measured using three indicators, namely: Financial knowledge, financial attitude, and confidence in personal financial decisions. After controlling the effects of demographic and socio-economic variables, the study found that financial attitude and confidence in financial decision making have a statistically significant positive effect on financial management behaviour of urban dwellers in Addis Ababa. Unlike the findings of other studies, this study didn't find statistically significant effect of financial knowledge. It is, therefore, suggested that financial education programs should be given more weight to financial attitude than financial knowledge. Moreover, the study suggests the need for comprehensive national studies to incorporate the context of rural population in order to support the ongoing financial literacy enhancement efforts in Ethiopia. |
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Vol.8, No.2, April-June 2018, Article:3 |
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Title |
A Study on the Sector wise Analysis of FDI Equity Inflows in India |
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Authors |
Nithya Kala, K.1 and Aruna P. Remesh 2 |
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Affiliation |
1 Assistant Professor, PSGR Krishnammal College for Women, Coimbatore, Tamilnadu; 2Ph.D. Research Scholar (FT), PSGR Krishnammal College for Women, Coimbatore, Tamilnadu. aruna.premesh@gmail.com |
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DOI |
http://dx.doi.org/10.11127/gmt.2018.06.03 |
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Page Nos. |
141-144 |
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Keywords |
FDI; Inflows; Sectors. |
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Abstract |
FDI (Foreign Direct Investment) is a type of investment made by an investor who is a non-resident. FDI has played an import role in the growth and development of a nation like India. It acts as a major source of finance to our country. FDI in several sectors is a resource which helps in promoting domestic manufacturing and job creation. India's trade in services have increased overtime and services accounts for the largest share in India's foreign direct investment inflows and outflows. Investments in service activities e.g. education, research & development, information &communication technology etc. is essential for nation. This paper focuses on the sector wise analysis of FDI inflows into India. |
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Vol.8, No.2, April-June 2018, Article:4 |
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Title |
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Authors |
Demis Alamirew Getahun |
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Affiliation |
Asst. Professor, Dept. of Management University of Gondar, Ethiopia, Email: demis501@yahoo.com |
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DOI |
http://dx.doi.org/10.11127/gmt.2018.06.04 |
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Page Nos. |
145-158 |
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Keywords |
Transformational leadership; transactional leadership; organizational citizenship behavior. |
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Abstract |
This study aims to examine the most common leadership styles practiced in the corporation as well as to investigate the relationship between leadership behavior and organizational citizenship behavior. First, five zones were clustered and three zones were selected through simple random sample. Descriptive statistics were employed to investigate the most common leadership styles practiced in the corporation. To examine the relationship between the two constructs, Pearson's correlation method was applied. All study samples (359) were planned to collect out of 860 employees. However, only 347 questionnaires were distributed, finally, after all the screening process and the elimination of outliers, only 210 questionnaires were used to analyze data. The data were analyzed by using SPSS version 21 and the goodness of fit of the model was tested by using AMOS software. The literature suggest that the value greater than 0.90 exhibits a good fit for the model so that for this study i.e., comparative fit index , Normed Fit Index, Relative Fit Index, Incremental Fit Index and Tucker-Lewis index was applied. All fit indexes show a good fit which was greater than .90. The Pearson product moment result indicated that transformational and transactional leaderships were weak but statistically significant relationship with organizational citizenship behavior (r=.166, p<.01; r=.160, p<.05) respectively. |
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Vol.8, No.2, April-June 2018, Article:5 |
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Title |
Assessing Organizational Effectiveness of Member-owned Enterprises in the northeast United States |
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Authors |
Sanjib Bhuyan |
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Affiliation |
Department of Agricultural, Food & Resource Economics, Rutgers University, New Jersey, USA |
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DOI |
http://dx.doi.org/10.11127/gmt.2018.06.05 |
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Page Nos. |
159-168 |
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Keywords |
Organizational effectiveness; member-owned; United States. |
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Abstract |
Organizational effectiveness (OE) is the concept of how effectively an organization achieves its goals. For example, for a for-profit business organization such a goal may include making profit or achieving a certain growth rate while such goals for a non-profit or an educational institution would be different. Given the importance of OE in managing an organization, it is surprising that the issue of OE is ignored or overlooked in both management literature and the literature related to member-owned enterprises, such as on cooperatives. Despite their widespread participation in U.S. economy, little is known about the organizational effectiveness of these member-owned enterprises. Using survey-based primary data, we assess OE in member-owned enterprises in the northeast United States. Our results show that most of the member-owned enterprises were effective in achieving most of their multidimensional goals. Such results give insights into the organizational effectiveness of member-owned enterprises and how they could be more effective in reaching their organizations' missions and goals. It was clear from this exercise that there is no single approach to evaluate organizational effectiveness in member-owned enterprises. This research addresses gaps in both business management and the literature related to member-owned enterprises, such as cooperatives and mutuals. |
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Vol.8, No.2, April-June 2018, Article:6 |
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Title |
Use of Methods to Determine the Cost of Capital in Sri Lankan Companies |
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Authors |
Lingesiya Kengatharan |
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Affiliation |
Department of Financial Management, University of Jaffna, Sri Lanka, lingesiya@univ.jfn.ac.lk |
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DOI |
http://dx.doi.org/10.11127/gmt.2018.06.06 |
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Page Nos. |
169-176 |
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Keywords |
WACC; CAPM; CD; firm characteristics. |
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Abstract |
The aim of the study is to find out the use of methods to determine the cost of capital in Sri Lankan companies. A comprehensive primary survey was conducted of 38 out of 150 financial officers of companies listed on the Colombo Stock Exchange (CSE) in Sri Lanka. Stratified random sampling method was used to select the sample from listed companies in Sri Lanka. Collected data were then analysed by applying mean, percentage analysis and Chi-square test. This study presents the results of survey of 38 financial officers in terms of methods to compute the cost of capital in investment decision making. Results of the study revealed that WACC was the most dominant method to determine the discount rate/cut off rate followed by CAPM and Cost of Debt. Further current study evaluates whether the firm characteristics make differences in the choice of cost of capital methods. Results of the study further revealed that the market capitalization influenced the use of methods to determine the cost of capital in terms of CAPM, Arbitrary Rate, Earnings Yield and Average Historical Rate of Return. There was also significant differences between the types of industry and the use of WACC, CAPM, Cost of Debt and Earnings Yield. However, there was no significant differences of the use of Arbitrary Rate and Average Historical Rate of Return with type of industry. Financial officers with more experience were always and often used WACC and CAPM in comparison with less experience of CFOs. Further, it was implied that in case of Cost of Debt, Arbitrary Rate, Earnings Yield and Average Historical Rate of Return were not affected by experience of financial officers. It was observed that significant differences between the level of educational qualification and use of WACC, Cost of Debt and an Arbitrary Rate. |
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Vol.8, No.2, April-June 2018, Article:7 |
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Title |
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Authors |
Sricharan, K. |
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Affiliation |
Faculty, AMET University, Chennai, Email: ksricharan@yahoo.com |
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DOI |
http://dx.doi.org/10.11127/gmt.2018.06.07 |
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Page Nos. |
177-183 |
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Keywords |
Container transshipment; hub port; Indian sub-continent. |
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Abstract |
A strategically located seaport contributes immensely to the overall economic development of the region. This paper studies the Indian Sub-Continent container sea borne trade and attempts to find the factors contributing to the growth and development of container hub seaports in the region. The ports of Colombo, Vallarpadam, Vizhinjam and Enayam are compared in terms of potentiality, implication and benefits. Transshipment port identification, development and selection involves a huge variety of decisions based on complex information, cognitive and social constraints. These decisions impact the economy of the nation and the regions involved. The factors that influence these decisions and ultimately operational processes are an intriguing field of study and an attempt is made to discuss their influence in the development and growth of the four ports considered in this paper. The study is visualized to provide information to all stake holders involved in the port development decision making process and to highlight the overall impact to the sub - continent.. |
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Vol.8, No.2, April-June 2018, Article:8 |
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Title |
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Authors |
Manoharan, S. |
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Affiliation |
Associate Professor, Department of Management Studies and Research Centre, BMS College of Engineering, Bull Temple Road, Bangalore- 560019. E-mail: manoharans.mba@bmsce.ac.in |
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DOI |
http://dx.doi.org/10.11127/gmt.2018.06.08 |
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Page Nos. |
184-187 |
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Keywords |
Personal branding; political; brand equity. |
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Abstract |
A leader who has humungous followers with a cult image did realize the power of personal branding at an apt time when needed. The creation of AMMA brand was well crafted and seen as a great move by many political pundits and brand gurus. The personal branding strategy was not only well planned but very well executed. The strategy connected with the masses and the needy in the right means to reverberate as a great brand. The brand equity grew stronger with time and its variety of essential products launched. Needless to say how Dr. J. Jayalalitha leveraged her personal brand and enchased the benefits to her political career. This research is a conceptual paper based on secondary information spanning across the developments in Tamil Nadu during 2016-17. |
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Vol.8, No.2, April-June 2018, Article:9 |
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Title |
Analyzing Infrastructure for Improving Trade Performance - an Empirical Analysis |
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Authors |
Saswati Tripathi1 and Rangarajan, K. 2 |
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Affiliation |
1 Associate Professor, Indian Institute of Foreign Trade, E mail: saswati@iift.edu / 2Professor, Indian Institute of Foreign Trade, E mail: rangarajan@iift.edu |
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DOI |
http://dx.doi.org/10.11127/gmt.2018.06.09 |
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Page Nos. |
188-207 |
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Keywords |
O 180: Infrastructure; Regional Development; H 540: Trade infrastructure; Infrastructure Index; O 240: Trade Policy (Based on JEL Classification) |
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Abstract |
Infrastructure is an architecture of facilities which enables smooth flow of goods and services to the public. Thus they act as facilitators for socio-economic activities rather than directly producing goods or services. Infrastructure includes roads, bridges, railways, and similar public works which boost economic activities in a country. In the context of India, infrastructure investments are highly difficult to be projected due to the geo-physical status of the country. The Country has ports, railways and roads across different physical states like hilly regions of North and North East, Coastal regions of South with low draft, coastal regions of West like Maharashtra and Gujarat. Hence, the planned development of the Infrastructure of the country depends upon the State level requirements, plans and execution. It is a matter of fact that a state's prosperity depends largely on its Infrastructure and a good Infrastructure makes a state richer and richer through increasing trades. In this paper an attempt is made to analyze the infrastructure of a Central Indian State - Madhya Pradesh through Infrastructure Index which highlights the imbalances and areas for growth the smoothen the flow of trade. |
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Vol.8, No.2, April-June 2018, Article:10 |
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Title |
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Authors |
Annavajhula J. C. Bose |
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Affiliation |
Associate Professor, Department of Economics, Shri Ram College of Commerce, University of Delhi, Delhi. ajc.bose@srcc.du.ac.in |
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DOI |
http://dx.doi.org/10.11127/gmt.2018.06.10 |
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Page Nos. |
208-209 |
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Keywords |
To bee or not to bee; winning against all odds; six degrees of education; teaching in Mumbai; investment research. |
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Abstract |
Sid Mittra (2015). To Bee or Not to Bee: Winning against all Odds. Sage Publications India Pvt. Ltd., New Delhi, a nd Ignatius Chithelen (2016). Six Degrees of Education: From Teaching in Mumbai to Investment Research in New York. Bryant Park Publishers, New York. |
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Vol.8, No.2, April-June 2018, Article:11 |
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Title |
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Page Nos. |
210-212 |
Management Today