Journal of Management Research and Analysis

24-34

Authors: Najmus Sahar Sayed, Gazia Sayed

The banking industry in India has a huge canvas of history, which covers the traditional banking practices right from nationalization to privatization of banks and now to multinational banks in India. Therefore, Banking in India has been through a long journey. Banking industry in India has also achieved a new height with the changing times. The use of technology has brought a revolution in the working style of the banks. However, with the changing dynamics, banking business has brought a new kind of risk exposure. Majority of the banks are successful in keeping with the confidence of the shareholders as well as other stakeholders but not all the banks are able to live up to the expectation of the shareholders. In order to grow and gain the faith of shareholders, organizations should try to improve the long-term financial performance and create wealth for the shareholders. Creating wealth or value for the shareholders is the core principle on which the economic system is based on. The main objective on any organization is ‘Maximizing the Shareholders wealth’. No enterprise survives or grows if it fails to generate value for its stakeholders. The companies, which gave low preference to the shareholder inquisitiveness, are now bestowing the utmost inclination to it. In order to help companies to generate value to its shareholders, various value-based management systems have been developed. One of such model is MVA (Market Value Added) to measure the value added by the organization. We have chosen this tool to evaluate the performance of the Indian Banks. After deciding the measurement tool, we have chosen those banks which are listed on the Bombay Stock Exchange (BSE) and for which the data is available in the Ace Equity database. In this research paper, the researchers have made an attempt to study the Market Value Added performance in the Indian banking industry as well as the researchers tried to explore the extend of relationship between MVA and other related variables namely, Dividend Pay/Out Ratio, Profit After Tax Margin, Cash Profit Margin, Return on Asset, Return on Equity, Return On Capital Employed, Net Sales Growth, Return on Net Worth, Dividend Yield, Capital Adequacy Ratio, Non-Performing Assets etc. MVA analysis revealed that most of the public sector banks had eroded the wealth of shareholders. Multiple regression analysis using backward method was used to find the dependent variables. The research showed that MVA depends on Dividend Yield and Dividend Pay/Out Ratio. Thus, it implies that wealth creation is strongly influenced by the returns provided to the shareholders. Jel Codes: C02, C35, C88, G17, G21

43-49

Authors: Wangjinjin, Song Wei, Zhu Dongyun, Peng Xiaobao, Zhao Shuliang

The similarity of regional innovation strategy in China leads to similarity innovation environment and results, hinder the flow of innovation elements and results. In this paper, we use multidimensional scaling to analysis the regional innovation based on the data of 2012, find that the particular position of Beijing and Shanghai, causing the innovation is different with other provinces, while Zhejiang, Jiangsu, Shandong and Guangdong with the coastal location advantage and economic support innovation mode is similar to with each other; others are taking the imitative innovation and absorption.

63-71

Authors: Rekha Sharma, Jyoti Bansal

Retailing sector of India is an emerging sector and back bone of Indian economy. The contribution of this sector is 14 to 15 percent in the total GDP. The retail market of India is estimated to be US$ 500 billion and one of the top five retail markets in the world by economic value. Indian retail market is getting very popularity over the world with 1.2 billion people. As of 2013, India's retailing industry was essentially owner manned small shops. In 2010, larger format convenience stores and supermarkets accounted for about 4 percent of the industry, and these were present only in large urban centers. There are 40 million Indians (3.3% of Indian population) engaged with Indian's retail and logistics industries. From 1991, Foreign Direct Investment (FDI) was limited to only a few sectors like manufacturing, infrastructure etc. But In July 2011, the government of India has recommended 51% FDI in Multi - Brand Retail and 100% FDI in Single - Brand Retail. The main objective of this study is to find out the impact of FDI on retail sector.

81-86

Authors: Velimir Srića

The first part of the article deals with a short overview of the key conflict management issues in business. Various conflict triggers are discussed, followed by a brief analysis of the best methods and techniques of conflict resolution. The second part of the article is dedicated to the Fellowship game. It is a simple game developed by the author to be used in teaching and consulting managers, executives and leaders how to deal with conflicts in a harmonious way. The aim of the game, which is based on the Prisoner's Dilemma from the Game Theory, is to increase awareness and improve understanding of the key approaches involved in any conflict situation.

98-107

Authors: Şükrü Ada Mohsen Ghaffarzadeh

Information has become an essential resource for managing modern organizations. This is so because today’s business environment is volatile, dynamic, turbulent and necessitates the burgeoning demand for accurate, relevant, complete, timely and economical information needed to drive the decision-making process in order to accentuate organizational abilities to manage opportunities and threat. MIS work on online mode with an average processing speed. Generally, it is used by low level management. Decision support system are powerful tool that assist corporate executives, administrators and other senior officials in making decision regarding the problem. Management Information Systems is a useful tool that provided organized and summarized information in a proper time to decision makers and enable making accurate decision for managers in organizations. This paper will discuss the concept, characteristics, types of MIS, the MIS model, and in particular it will highlight the impact and role of MIS on decision making.

9-18

Authors: Dr. R. Ganapathi

The growth of the capital market has acquired momentum in the Indian sub-continent for the past 3 decades. The present work highlights the salient features of the capital market investment. It gives much importance to the awareness of the public towards capital market investment with special reference to JRF securities of Hyderabad. One of the objectives of the study identifies the key factors influencing the investment decision of the people. The study is based on both primary and secondary data. The researcher selected 150 investors and from them collected needed information by a questionnaire. Though the study was limited to Hyderabad city only the study did definitely yield the expected results. The researcher has given a number of suggestions towards the end which will open new / vistas for future study.

27-41

Authors: Dr. Garima Singh

Journal of Management Research and Analysis (JMRA) is a peer-reviewed journal that provides a specialized academic medium and important reference for the encouragement and dissemination of research and practice in management research. JMRA carries theoretical and empirical papers, case studies, research notes, executive experience sharing and review articles, and it aims at disseminating new knowledge in the field of different domain areas of management, information technology and related disciplines. It provides a forum for deliberations and exchange of knowledge among academics, industries, researchers, planners and the practitioners who are concerned with the management, financial institutions, public and private organizations, as well as voluntary organizations. Our editorial policy is that the journal serves the profession by publishing significant new scholarly research in management discipline areas that are of the highest quality.

57-65

Authors: Prof. Sarwade Walmik Kachru

Previous studies do not investigate the factors affecting small and medium enterprises (SMEs) competitive intelligence through Facebook in the context of Malaysia. This article surveys the use of Facebook for Competitive Intelligence in the context of Malaysia. Data were collected based on the following factors: Logo, wallpaper, Pictures and Description, Inbound Communication, Aesthetics and Visual Quality, Network Scope and Reach, Interaction Quality and Language Use through Facebook. Five SMEs located in Malaysia were selected for the research. It was found that Pizza Hut Facebook page has the largest network scope and reach with 763,114 followers. The success of having this followership could be attributed to competitive prices and promotions offered by the SMEs, Use of translator to translate Chines language to English which makes it possible to communicate with other races not necessarily in Malaysia, quality and description of pictures displayed on the cover page of Pizza Hut’s Facebook page, short and minimally interactive post on the Facebook page. The major factors that deserved more attention from SMEs for successful competitive intelligence are Language use, quality pictures and description, inbound communication and, aesthetics and visual Quality.

77-82

Authors: Dr. Rakesh Guglani

India, with its preponderance of youth full of new vigor, hope and positive outlook, looks forward to attain economic power in the years to come. This paper analyzes whether the country is ready for it and how other socio-economic factors are going to affect positively as well as negatively in the process of attaining economic power. The paper finds out the role of financial intelligence in make our country economically stronger and robust when its youth is still struggling with the iniquity of unemployment, corruption, lack of civic sense, gender, caste and spatial discrimination. The study details the prospects and suggests suitable strategy to promote financial intelligence across the boundaries of geographical regions, cultural diversities and varied heritage of the sub-continent.

100-112

Authors: Dr. Ashok Kumar Panigrahi

Working capital management as a financial strategy has its effects on liquidity as well as profitability of the firm. The present study investigates the relationship among the aggressive/conservative working capital policies and profitability of Lupin Limited for the period of 2010-2014. The effect of different variables of working capital management including current ratio and collection days on profitability was used for analysis. The study shows that there is a positive correlation between liquidity and profitability of the firm. It indicates that the investment in current assets lies in such a specified domain that increase in liquidity leads to an increase in profitability and vice-versa. The relationship between cash conversion cycle and ROCE indicate positive but insignificant relationship. Thus, the management may increase its investment in current assets up to that point of liquidity-profitability frontier where the curve changes its curvature from zero to negative because after that point the relationship between liquidity and profitability would become negative which is not desirable. The study investigated the relationship between the aggressive/conservative working capital policies of Lupin Ltd. We found a positive relationship between the profitability measures of the company and degree of conservativeness of working capital investment and financing policies. The company yields a positive return if it follows a conservative working capital policy i.e. with more short-term funds.