Developing One's Ethical Awareness: Using Scripture As A Touchstone

Vol.8  No.4

Year : 2014

Issue : Mar-May

Title : Developing One's Ethical Awareness: Using Scripture As A Touchstone

Author Name : Hershey Friedman, James A. Lynch, Toby Birnbaum

Synopsis :

We live in a world where integrity, courage, humility, and compassion on the part of leaders are no longer a luxury. The authors demonstrate how the Hebrew Bible can be used by all kinds of leaders to provide timeless and inspiring messages. These ideals include integrity, courage, industriousness, compassion, truth, justice, and concern for others. Ignoring the plight of the weak and helpless is something numerous prophets railed at. A country or organization that wishes to prosper has to be built on the above-mentioned foundations. We have seen the financial devastation that results when institutions follow a “greed is good” and/or a “maximization of shareholder value” approach to leadership.

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Current Pricing Of IPOS: Is It Genuine To The Investors?

Vol.8  No.4

Year : 2014

Issue : Mar-May

Title : Current Pricing Of IPOS: Is It Genuine To The Investors?

Author Name : Suresh Chandra Bihari, Pratiksha Barik

Synopsis :

The study deals with finding whether the current pricings of IPOs are genuine to the investors or not, i.e. whether or not the companies are worthy of receiving premium. Securities are fairly priced in the capital markets if they are efficient and genuine. Pricing of securities (IPOs) is an essential factor to gain investors' confidence and aid in the companies' development and overall growth of an economy. IPO details, both book building and fixed price, issued since 1st January 2011 till 29th April 2014 are collected. The IPOs are categorized on the basis of their issue prices vs. market prices, and their paid up capitals. Fundamental analysis, using Dividend Discount Model, is done on selected 9 companies belonging to each category, to find the intrinsic values of the IPOs. Then, the financial conditions of the companies viz. EPS, P/E ratio, Dividend per share, Net worth, Reserves and surplus, Net profit and ROE, 2 years prior to the issue till FY 2013, are analysed to check the genuineness of the IPO pricing. The IPOs issued at premium are found to be genuine. The IPOs whose issue prices are less than their intrinsic values are also justified. Any false pricing is automatically rectified in a few years and the market either punishes or rewards the company in due course of time.

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Reducing Employee Turnover in Apparel Manufacturing Industry: Case Study

Vol.8  No.3

Year: 2014

Issue: Dec-Feb

Title : Reducing Employee Turnover in Apparel Manufacturing Industry: Case Study

Author Name : M.G ELLEPOLA

Synopsis :

Finding viable solutions for employee turnover is a main concern in the apparel manufacturing industry. Since employee turnover cannot be completely eliminated it's important to find out to how it can be minimized. Importantly in the present context, when labor is considered as a resource rather than a cost, the measures taken to do so may vary depending on the size of the operation. The apparel manufacturing industry is highly labor intensive and by minimizing turnover helps improvements in productivity, reduction of recruitment cost, prevent skill drain etc. Especially in a highly competitive environment: local and global, it is essential to search for more and more ways in cutting down costs that contribution from labor turnover is high among other factors. This paper discusses reasons for labor turnover and suggestions to reduce turnover & improve retention with a proactive approach.

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Corporate Governance, Profile of the Executive Directors and the Rate of Refunding of Microcredits in the case of the Tunisian Associations of Microfinance

Vol.8  No.3

Year: 2014

Issue: Dec-Feb

Title : Corporate Governance, Profile of the Executive Directors and the Rate of Refunding of Microcredits in the case of the Tunisian Associations of Microfinance

Author Name : Mighri Zouhayer, AKACHI SAMIR , JARBOUI ANIS

Synopsis :

The objective of this paper is to analyze the role allotted to the mechanism in the determination of the financial performances of associations of microcredit in the specific case of Tunisia. In this respect, the authors have integrated the characteristics of Executive Directors and have transposed the various instruments of governance largely treated in the case of banks to the sector of microfinance. Moreover, they resort to the rate of refunding as an indicator of the financial performance of associations of microcredit.

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Meeting the Challenges of Banking Services in a Technological Arena

Vol.8  No.3

Year: 2014

Issue: Dec-Feb

Title : Meeting the Challenges of Banking Services in a Technological Arena

Author Name : Darling Selvi

Synopsis :

Technology has opened up new markets, new products, new services and efficient delivery channels for the banking industry. Online electronics banking, mobile banking and internet banking are just a few examples. Technological innovation not only enables a broader reach for consumer banking and financial services, but also enhances its capacity for continued and inclusive growth. The penetration of bank offices in India has grown wider covering even to the rural villages. North Eastern regions are yet to be covered as the coverage is very low. As at end-March 2012, 99 per cent of the identified villages have been provided with banking outlets. Extension of banking services through Automatic Teller Machines has been carried by all types of banks except Cooperative Banks. A survey which has been conducted among 200 sample respondents from Kanyakumari District of Tamilnadu who have bank accounts revealed that they have good experience in banking transactions. The selection of banks depends on the better services, economy in transactions, Convenience, Attraction towards various schemes and to get Overseas Transactions. Though the sample respondents got aware of various technological advancement taking place in the banking transactions, only 62 percent have the habit of using them. The service quality of banking services was measured in five dimensions and it is noted that the average gap is positive and more for the dimension Reliability (0.5), Empathy (0.42) and Responsiveness (0.09) while the other two dimensions Assurance (-0.20) and Tangible (-0.40)are negative. The researcher has applied Trend analysis, Correlation analysis, SERQUAL technique, Factor analysis and percentage analysis and the results are highlighted.

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Gender Difference In Purchase Behaviour Towards Branded Apparels: An Empirical Investigation

Vol.8  No.3

Year: 2014

Issue: Dec-Feb

Title : Gender Difference In Purchase Behaviour Towards Branded Apparels: An Empirical Investigation

Author Name : syed irfan shafi, C. Madhavaiah

Synopsis :

The Indian growing retail market is the second biggest market after China. Ready-to-wear apparel is a part of the textile industry and it accounts for about half of India's fabric trade. India's customer market for ready-to-wear apparel has become varied by flow of more fashionable brands. India is becoming the favoured target for outsourcing ready-towear apparels for the international market. Many international brands are also sourced from the Indian ready-to-wear apparel market. This present study aims to examine the gender differences in consumers' apparel buying decision. Data were gathered from regular buyers of branded apparel using a structured questionnaire from a Metro city Bangalore with a sample size of 150 consumers. Convenience sampling was used for data collection. The data collected from respondents were analysed using SPSS 20.0. The results indicated that there is no significant difference between brand awareness, shopping frequency and shopping expenditure among male and female perceptive.

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A Study On Analyzing The Impact Of Organization Commitment On Job Satisfaction And Role Stress (With Reference To Employees Working In Cement Industry In Madhya Pradesh Region)

Vol.8  No.3

Year: 2014

Issue: Dec-Feb

Title : A Study On Analyzing The Impact Of Organization Commitment On Job Satisfaction And Role Stress (With Reference To Employees Working In Cement Industry In Madhya Pradesh Region)

Author Name : Vijit Chaturvedi

Synopsis :

The present paper focuses on identifying how different components of organizational commitment (Continuance, Normative and Affective) affect the level of job satisfaction and the job stress experienced by different middle level managers in Cement industry in M.P region. Organizational commitment being an important variable affecting largely the possible stay of talented employees and also the job performance of an individual and hence affects organization performance largely. An attempt has been made to analyze that with high level of job satisfaction employees experience low job stress and driving high organization commitment in employees. The conclusions drawn for this study are on the basis of empirical study conducted on 150 employees working in 10 different cement units in Madhya Pradesh Region. The data collected were analyzed using tools like Correlation, Multiple regression and ANOVA. From the study it was concluded that there is a significant impact of organization commitment on job satisfaction and role stress of employees working in Cement industry. It was seen that organization commitment is negatively related with dimensions of job stress and has significant correlation with job satisfaction. This study in some way contributed towards understanding the psychological perspective of employees and also understanding ways by which job can be redesigned.

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