The Institute has a unique distinction of publishing a bi-annual International journal DIAS Technology Review – The International Journal for Business and IT. The Editorial Board comprises of eminent persons from all over the globe. It is a refereed journal containing well-researched articles in diverse fields written by eminent academicians & professionals across the globe. The journal is listed in the Cabell’s Directory, USA, Social Science Research Network (SSRN) & Ulrich’s Periodical Directory.
Market Timing Abilities Of Indian Mutual Fund Managers
During the recent period the growth of mutual fund industry is tremendous. Competition is increasing as more and more companies are entering this industry. Hence, it is very much important for the fund manager to have market timing skills in addition to stock selection skills. These skills help the fund manager to generate superior returns by careful micro security selection efforts, but also by engaging in successful macro market timing activities. This enables the fund managers of judging direction of the market correctly, whether bull or bear. This study is aimed at examining the market timing abilities of Indian mutual fund managers of 137 selected open ended mutual fund schemes on the basis of the monthly returns from January 2000 to December 2009 by using Jensen & Mazuy Model and Henri ksson and Merton model. BSE30 has been used as benchmark proxy and 91 days T-bills rate has been used as a proxy to risk free return. The study finds that the Indian fund managers do not seriously engaged in correct market timing activities at all and are relying on stock selection skills and they have not been successful in earning returns in excess of the market, rather they are timing the market in the wrong direction.
Copyright (c) 2012 DIAS Technology Review https://creativecommons.org/licenses/by-nc-nd/4.0
Marketing Strategies And Practices of Readymade Garment Retailers
The world is changing and India is also keeping pace with it. Liberalization and the steady economic growth have mainly driven a vast change in India. Industrial and technological growth has made a significant impact on the lives of consumers. The lifestyle of consumer is changing due to increase in mobility, increase in disposable income, media exposure, and increase in international exposure. Today's consumer is more knowledgeable and more demanding and one such industry, which has made a phenomenal impact on our daily lives, is retail. This industry touches our lives as an end consumer by providing us with the products and services for consumption.
Copyright (c) 2025 DIAS Technology Review https://creativecommons.org/licenses/by-nc-nd/4.0
Manpower Planning Optimization: A Study on Haryana Roadways
Manpower planning is the process by which an organization ensures getting the right number and right kind of people, at right place, at right time, capable of effectively and efficiently completing those tasks, that will help the organization to achieve its overall objectives. Manpower planning has always been the crucial part of all the industries as it helps in performing the managerial functions in the organization. It also helps in effective utilization of manpower, motivates the employees to perform their jobs well and stabilizes human relations in an organization. This research deals with certain factors or variables like periodic and realistic manpower needs, staff costs, optimum productivity and overall growth for the optimization of the manpower in the organization. In the present study, manpower planning optimization in the Haryana Roadways, has been analysed. The focus of this study has been on the lower level of management of this transportation industry, i.e., the level below the general managers. It includes: works manager, traffic manager, store purchase officer, accounts officer, superintendent and assistant district attorney. The periodic and realistic manpower needs have been determined, measures have been taken to regulate the staff cost to ensure optimum productivity and overall growth of the organization. And finally a model has been developed for the optimum utilization of the manpower recruited.
Copyright (c) 2017 DIAS Technology Review https://creativecommons.org/licenses/by-nc-nd/4.0
A Study of the Relationship Between Corporate Social Responsibility Initiatives, Their Disclosures, and the Corporate Financial Performance of Select Companies in the Automotive Sector in India.
A recent upsurge of illegal and ethical misconduct incidents spanning the globe has intensified public scrutiny of corporate behavior. Corporate Social Responsibility (CSR) is not a mere business buzzword or a fad, rather it is one of the most promising management topics of mounting significance for businesses. Proponents argue that there is a robust business case for CSR, as the corporations benefit in multiple ways by operating with a wider perspective which goes beyond their short-term profits. Some critics argue that CSR sidetracks from the essential economic role of businesses; others opine that it is nothing more than artificial window-dressing; others yet are of the belief that it is an endeavor to pre-empt the role of governments as a watchdog over influential multinational corporations. In the foreign studies studied till date, possibly the maximum studied facet of CSR has been its link to Corporate Financial Performance.
Copyright (c) 2006 DIAS Technology Review https://creativecommons.org/licenses/by-nc-nd/4.0
An Empirical Study on Work Life Balance of Dual Career Couples in Service Sector
Indian culture and society have always been hierarchical and stratified. The several hierarchies and stratification within the family was based on age, sex, ordinal position and within the community- it was of caste, lineage, wealth, learning, occupation. All this have been maintained by ‘a complex combination of custom, functionality, and religious belief. Indian society is known for each individual lives by the ‘ascribed’ rather than the ‘achieved’ status. The classic and traditional Hindu family ascribed the status of ‘Pativrata’ to the wife. ‘Pativrata’ literally translates as ‘one who is vowed to her husband.’ It implies that a wife must accept as her given (beholden) duty the service and devotion to her husband and family .
Comparative Credit Risk Assessment Structures in Indian Banking Industry DOCTO
Bankruptcy is a state of insolvency wherein the company or the person is not able to repay the creditors the debt amount.The purpose of this research is to develop and compare the performance of bankruptcy prediction models using multiple discriminant analysis, logistic regression and neural network for listed companies in India. These bankruptcy prediction models were tested, over the three years prior to bankruptcy using financial ratios. The sample consists of 72 bankrupt and 72 non-bankrupt companies over the period 1991-2016. The results indicate that as compared to multiple discriminant analysis and logistic regression, neural network has the highest classification accuracy for all the three years prior to bankruptcy
Copyright (c) 2018 DIAS Technology Review https://creativecommons.org/licenses/by-nc-nd/4.0
Enhanced Data Models for Geographic Information Systems
Geographic Information Systems (GIS) are becoming essential tools for analyzing and geographically transferring the information about the world. GIS incorporates, both spatial and non spatial data, and has the capability for searches, overlays, association and display output in 2D/3D incorporating non spatial data. In addition to spatial data a GIS systems contain geo referenced information which enables near true representation of geography and capability to provide measurements, variations etc. These features make the technology different from the CAD systems and conventional database applications. The capabilities of GIS have brought a paradigm shift in the approach to the presentation of information.
Copyright (c) 2015 DIAS Technology Review https://creativecommons.org/licenses/by-nc-nd/4.0
Workplace Spirituality, Organizational Politics and Employee Wellness : A Research Agenda
Spirituality in workplace has caught snowballing attention of the popular literature and organizational practitioners; however it still is far away from being considered an established theory in management sciences. . Although there are innumerable articles available on workplace spirituality, still it lacks a comprehensive definition and elucidation of the concept owing to the complexity of the construct. In this article, the authors review various literature streams to explore what dimensions and attributes are considered to be important and effective in terms of authors review various literature streams to explore what dimensions and attributes are considered to be important and effective in terms of practical applications of spirituality in the workplace.. It also provide a conceptual framework that covers the research in workplace spirituality and its relationship with the comparatively under-researched constructs of organizational politics and employee wellness. The spirituality and its relationship with the comparatively under-researched constructs of organizational politics and employee wellness. The paper concludes with a discussion on the gap areas across the various research domains and a discussion of the important areas for future paper concludes with a discussion on the gap areas across the various research domains and a discussion of the important areas for future research.
Prevention of SQL Injection Attacks Using Colour Passwords
The biggest challenge nowadays is to secure the website against cyber-attacks. Structured Query Language Injection Attack(SQLIA) is one of the most critical cyber-attack. As a result of SQLIA an attacker can have the access control on the database of an application and accordingly can make changes in the critical data stored on the database server of the website. Authentication plays an important role in securing critical data. Generally, alphanumeric passwords are most commonly used for authenticating users in computer systems but they are highly prone to cyber-attacks. However, graphical authentication systems have been proposed as a relevant and possible alternative solution to the traditionally used text-based (alphanumeric) authentication and the idea is motivated particularly by the fact that human brain has the ability to remember images better than text. Graphical passwords are mainly created by clicking or dragging activities on the pictures or certain parts of a picture rather than conventional typing of textual characters. The main objective of the paper is to highlight the various SQL injection attacks and SQL injection vulnerabilities on website databases, to study and analyse existing authentication systems and to propose a secure mechanism of authentication through color code graphical passwords.
User Keywords: SQLIA - SQL Injection Attacks
An Analysis of Retail Supply Chains: Time Based Simulation in Neural Networks and Maximum Flow Networks
Contemporary supply chain management systems need not only be adaptive to changing needs of to consumers but also to the varying terms amongst the members of the supply chain. Moreover, the on time availability of services and goods is imperative for retaining customers. Hence, irrespectiespective of a new supplier supplier becoming a partner of the supply chain or an old supplier exiting the business, the demand must be met keeping cost constraints into account. Supply chain management is a cross-functional approach that involves managing the movement of raw materials materials into an organization, processing of materials into finished goods and finally finally providing finished goods to the end consumers. In this paper, the concept of SCM has been perused with the approach of network flows applying applying maximum flow network algorithm of graph.
Consumer Responses to Brand Image and Purchase Intention: The Moderating Role of Green and Non Green Appeals in Advertising
The concept of green advertising has assumed many synonyms, each suggesting products and production processes that consume less energy, recycle materials and reduce waste or pollution. The present paper examines issues in understanding the role played by green and non-green advertising on brand Image and Intention to purchase. The research examined the relationship between attitude towards the ad and brand image and purchase intention with the moderating effect of type of ads in the context of stationary product. Hypotheses developed on the basis of literature were developed and tested in two different experiments. One group considered a “green” appeal which emphasized the environmental attributes of the product. Another group considered the “non green” appeal for the same product category. We measured each group's attitude toward the ad and brand image. Results from a survey of 150 consumers suggest that type of ad significantly moderates the positive relation between attitude toward the ad and brand image but does not moderate the relation between ad attitude and purchase intention
Green Advertising, Attitude toward Advertising, Brand Image, Intention to Purchase, Moderation
Mobile phones have become ubiquitous today. As they evolve, they are packing more and more functionality. The feature phone to Smartphone transition marks a major leap. As with every technological change, new companies are emerging to take advantage of the changes in market. Some of them may simply be imitating what others before them have done. Once in a while, emerges a company that seeks to change the very fundamentals of a market. It may be in terms of innovating new products, like Apple did by introducing iphone a few years ago. It may also be in terms of offering value at a price point which may have been considered impossible so far. Xiaomi is one such company that has come up in the last four years. It has offered features to customers at less than half the price that its competitors are offering. To make it possible, it has utilized hitherto unheard business models that are made possible by emerging technology. By eliminating entire heads from its cost structure, it is able to offer smartphones at unbelievably low prices. Xiaomi was initially considered to be pursuing a non-scalable and non-sustainable business model and its critics were waiting for the forces of gravity to catch up with the company. However Xiaomi has defied expectations by capturing the numerouno slot in world's biggest Smartphone market – China. As it expands its footprint to more countries, including India, it will be more closely examined. This case study is an attempt to understand the things that make Xiaomi distinct and potentially a game changer.
Game changer, mobile, smartphone, business strategy, marketing, sales, Feature phone
Copyright (c) 2014 DIAS Technology Review https://creativecommons.org/licenses/by-nc-nd/4.0
Emerging Trends in System Software Market: A Case Study of Operating System Software
Information Technology has evolved over a period of time from Electronic Data Processors (EDP) to Cloud based technologies. Software is a critical component in this industry. The core product component in software is the set of instructions in the form of source code. During inception of the industry, source code was accessible at no cost. In the next era of information technology (1970's & 1980's), programs which were earlier available free of cost were sold at a price through licensing. During mid and early 1980's open source and hardware integrated software emerged. Similar trend was visible in system software market, especially in the operating system software market. Over a period of time Microsoft operating system emerged as one of the dominant players in the market. However, in the recent past Microsoft has considerably lost its market share in operating system products from 94.38% in June 2007 to 84% in May 2014. This paper captures the trend in operating system software market and analyses customers' preference to switch over from the current operating system. The trend in the market was analyzed through secondary data on market share and the customer preference to switch over was captured through a survey of engineers at various multinational IT firms in Bangalore. The study identified that the current trend could be moving towards open source or hardware integrated operating system from proprietary operating software. The survey identified that higher percentage of users preferred to switch over from the current operating system on desktops, laptops and workstations to either open source or hardware integrated operating system except servers.
Open Source Applications, Operating System Products, Linux products, Business Model of Operating System
Correlates of Technology Orientation, Social Media Usage and Ethical Disposition of Generation Y Employees in Delhi NCR
This paper attempts at studying the frequency and pattern of Social media usage by generation Y workforce; specially focussing on their perceptions regarding allowing the use of social media by the employer. The study was conducted in Delhi NCR region on a sample of select employees from companies in IT, Finance, Consultancy and Education sectors (N=103). Data was collected by administering self made questionnaire. The study specifically targets those employees who have spent a few years of employment– employees from lower and middle management level. The analysis aimed at investigating varying levels of perceptions between male and female respondents on their technological orientation as well as their ethical disposition.
Work life Policies, Women Executives, Social and Family Problems, Personal Support System, NCR.
Improving Productivity Using Lean Six-Sigma
Lean Six-Sigma is usual advocated as a process for quality improvement and productivity is viewed as a by-product of the process. This paper explores the use of Lean Six-Sigma as a methodology for productivity improvement as a major goal. The metrics for success must necessarily incorporate productivity. The paper provides a measurement approach that explicitly targets productivity improvements for the firm while meeting customer demand for quality.
Quality, Productivity Improvement, Six-Sigma, Lean Philosophy
The Impact of Job Satisfaction on Job Performance of Employees in Haryana Roadways
Employee's attitude is important to management because it helps in determining the behavior of workers in the organization. A satisfied work force creates a pleasant atmosphere within the organization to perform well. Hence job satisfaction has become a major topic for research studies. The specific problem addressed in this study is to examine the impact of job satisfaction on performance. It considered which rewards (intrinsic and extrinsic) determine job satisfaction of an employee. Data were collected through a field survey using a questionnaire from three employee groups, namely Managers, Non-managers and drivers from three districts of Haryana. The analysis data revealed that there is a positive correlation between job satisfaction and performance of employees.
Influence of E-delivery Channels on Productivity of Commercial Banks in India
Technological progress in the banking industry is important because of the key roles of banks in providing financing, deposits and payment services to other sectors of the economy. So, This paper brings out the impact of use of e-delivery channels on the employee productivity and branch productivity of commercial banks in India. The commercial banks are divided into five broad groups- Foreign banks, Nationalized banks, New Private banks, Old Private banks, SBI and its Associates. For the purpose of this study six productivity ratios have been taken for a five year duration ranging from 2007-08 to 2011-12. Regression analysis has been made to bring out the impact of e-delivery channels on productivity performance. SPSS (version 19) is applied for statistical data analysis. The findings indicated that the productivity has positive relationship with the use of ATMs and Credit cards.
Co-Movements of and Linkages between National Stock Exchange (NSE) and New York Stock Exchange (NYSE)
The financial markets have now become more closely interlinked in the world over than ever before despite the differences in risk perceptions of the markets or the country profiles. The dynamics of cross-country trade and payments have evolved to such an extent that the economic slowdown of a country is bound to affect its trading partners as is clearly discernable from the leading movement in the global stock prices. In the current context of globalization and the subsequent integration of the global markets, this study captures the trends, similarities and patterns in the activities and movements of the National Stock Exchange of India (NSE) in comparison to the New York Stock Exchange (NYSE). The prime objective of the study is to check the long term association and cause & effect relationship between the indices of Indian stock market and New York Stock Exchange. Johansen's co integration test and Granger Wald Causality test are used for examining the long term relationship between both the stock markets, and to know the cause and effect relationship between the variables selected. The GARCH (1,1) model has been used to capture the main characteristics of financial time series such as stationarity, fat-tails, and volatility clustering. The paper tests the correlation between the two exchanges to prove that the Indian markets have become more integrated with their global counterparts and their reactions are in tandem with what are seen globally.
Regulatory Mechanism for Financial Markets: Emerging Trends and Managerial implications
Financial markets have significantly developed in the last decade around the globe and cross border capital flows have increased many folds as a result of liberalization and globalization o f these markets. Regulatory failures causing financial crisis have also occurred with greater frequency in the last ten years or so in both advanced and emerging economies. This has created a need for a strong institutional regulatory mechanism capable of handling the challenges o f globalization and arrests the incidences o f financial irregularities and scams. In this background the present paper is an attempt to address the issues pertaining to financial sector regulation
Copyright (c) 2004 DIAS Technology Review https://creativecommons.org/licenses/by-nc-nd/4.0
A Lucrative Export – Engineering D Ross, H Ku, P Penfold
Education has becom e an Australian lucrative export. It is therefore necessary to write this pap er to tell readers m ore abou t this export. A lot o f literature has been fo u n d to describe education in prim ary an d secondaiy education in Australia but only one abou t engineering education up to first degree level is available an d it was pu blished in 1990, i.e. pre-D aw kin era in higher education. This p ap er m entions the program s av ailable fo r year 10 school leavers to professional engineers holding master's degrees; it starts with Techn ical an 4 Further Education (TAEE) colleges, follow ed by the newly fo rm ed Australian Technical Colleges. Universities were lastly m entioned an d the description was divided into three sections o f first degree, master's degree an d doctorate degree. It appears that Australian Technical Colleges w ould likely be absorbed into the TAFE system by the actions taken by the present government. The future education an d training o f professional engineers are likely to end up with the 3+2 year bachelor-m aster m odel. Professional engineering doctorate will likely becom e widely available to future professional engineers but Doctor o f Philosophy (PhD) program will still be there.
Bachelor of Engineering Technology Associate Degree
Copyright (c) 2008 DIAS Technology Review https://creativecommons.org/licenses/by-nc-nd/4.0
Total Quality Management in Small and Medium Scale Manufacturers: Development of Measurement Instruments
The objective o f our paper is to identify factors an d develop constructs that could be used to develop a conceptual Total Quality Management (TQM) model that is applicable to small an d medium scale manufacturers in the United States. The data for this study was collected from a m ail survey targeted to managers in the manufacturing plants. Responses were analyzed and factor analysis was used to develop measurement instruments.
A Fuzzy Approach for Integrated Measure of Object Oriented Software Complexity
Many methods can be used to measure the complexity of a Object Oriented software, but none o f them takes care of all the characteristics o f the software. Various metrics used in measurement o f OO software complexity are Weighted Methods per Class (WMC), Response for a Class (RFC), Lack of Cohesion of Methods (LCOM), Coupling Between Objects (CBO), Depth Inheritance Tree (DIT) and Number of Children (NOC), but none o f them is alone sufficient to give an overall reflection of software complexity. Different metrics try to measure different characteristics o f the software such as efficiency, complexity, understandability, reusability, testability and maintainability. Depending upon the characteristics o f the software to be measured a subset o f thkse metrics should be used. This paper proposes a fuzzy model for complexity measurement that integrates the effect of subset o f these metrics i.e. WMC, RFC, CBO and DIT. The paper is about an approach to combine OO software metric values into a single overall value that can be used to rank classes according to their' complexity. The approach uses fuzzy techniques and concepts, vizfuzzification of crisp metric values, inference and aggregation, defuzzification of fuzzy output etc.
Complexity, Probability of Failure, Object Oriented
Copyright (c) 2005 DIAS Technology Review https://creativecommons.org/licenses/by-nc-nd/4.0
Culture’s Influence on the Perceived Characteristics of Employees: Comparing the Views of U.S. And Chilean Workers
As noted in previous work (Kim & Sikula, 2005; Kim & Sikula, 2006; Kim, Sikula & Smith, 2006; Kim, Cho & Sikula, 2007), there are three types of people in the workplace: “Necessities/’ “Commoners,” and “Parasites.” A person o f Necessity is irreplaceable and crucial to the functioning o f an organization. A C om m oner is a person o f normal ability and talent who has no significant impact on organizational success. Parasites are detrimental freeloaders who d am age the functioning o f an organization. Kim & Sikula (2005) asked 25 students in an MBA Organizational B ehavior class an d 13 working managers (all o f w hom live an d work in the United States) for their views on the leading traits an d behaviors o f Necessities, Commoners, an d Parasites. In this paper we replicate th e2005 study in a different cultured setting, by surveying a sam ple o f Executive MBA students in Vina d el Mar, Chile. We then com pare thegesults. The leading traits an d behaviors that characterize Necessities an d Parasites in both data sets are very similar. The Chilean an d U.S. subjects, however, differ significantly on w hat defines a Commoner. One potential explanation fo r this difference, we conclude, can be traced to differences in the respondents' cultural backgrounds.
A Road to Open Innovation: A Model of Technological Innovativeness of Youth
Innovation is one o f the last key drivers of competitiveness and growth for the U.S. in the twenty-first century. Open innovation is a buzzword when it comes to new product development. While customers have been regularly involved in the research and development process using various qualitative and quantitative marketing research methods, they were never considered co-creators o f products an d services. Scholarly research in marketing has focused on the adoption an d use o f new products with limited research on the design an d creation process. The advent of the internet a n d its facilities for information access an d symmetry has resulted in an increase in direct customer participation in the value discovery an d value creation process. Certain customers are not just lead users but lead contributors of ideas for the next generation of products. Further, the usage behaviors o f younger consumers when it comes on online an d new media technologies set them up as market bellwethers. This study defines and measures the technological innovativeness o f youth an d considers the impact of key variables on this measure. Using Multiple Linear Regression, significant impact o f the three independent variables - Creative, Passion, an d Expertise on the dependent variable - propensity for Technological Innovations was found . Future research directions to expand the conceptual model and managerial implications o f the research are also forwarded.
Technology Development in India : An Evaluation
Technology is a key driver of economic growth, and its role in the growth process has attracted considerable attention in the literature. Although countries may achieve a higher standard of living, for example through a higher rate of capital accumulation, they cannot sustain high economic growth without continuous technological progress. The present paper attempts to examine the various phases of technological development in India since independence. It reveals that India relied on a policy of import substitution for a long period, which resulted in slow economic growth for many years. The paper also examines the crucial role of foreign direct investment (FDI) as a channel for gaining access to technologies developed abroad. It is observed that FDI has been widely recognized as a key modality for the acquisition of sophisticated and advanced technologies by developing nations. Moreover, it helps to increase the productive capacity of the economy. Although the Government of India introduced a paradigm shift in FDI policy in 1991, further efforts are still required to encourage foreign investors.
Control in Business Process Outsourcing: A Transaction Cost Perspective
The better service levels an d cost-savings prom ise o f business process outsourcing is m akin g it one o f the fastest-grow ing practices in the m arket today. The greatest challenge in this m anagem ent tool, however, is one o f 'control'. M anagers are accustom ed to having direct control over the resources to deliver the results fo r which they're accountable. With BPO, these controls are in the hands o f the provider. How the control issue is han dled can m ean the difference betiveen adequ ate results an d high perform ing outsourcing that delivers beyond expectations. This paper adopts a transaction cost framework to advance the understanding o f the im pact o f the nature o f the outsourced activity on the structure o f the control portfolio an d the relationship betw een control an d outsourcing success.
Optimism: Individual Contribution and the Inability to Accurately Perceive Optimism in Virtual Communication
Authors from multiple disciplines have discussed the importance of personality/ attributes an d the effect these attributes have on group experiences an d the overlying impact o f personality on organizational performance. Seventy-four five-person team s (equally divided into face to face, WebCf, and email groups) each analyzed three managerial cases in this study. Using two previously validated instruments (LOT-R an d PGOT), the study confirm s that traditional face to face group members can accurately identify> the level o f optimism in a group. Further, the study finds that members o f technology driven (mediated) virtual groups (both WebCT an d Email) lack the ability to identify the level of optimism in a group.
O ptim ism , Virtual C om m u n ication , Teams, Group Experiences
U.S. Manufacturing Industry: A study of Relationship between the Total Quality Management and Organizational Performances
Our to those who have not. Using article compares the performances of manufacturers who have won quality related award svarious accounting indices as indicators o f performance, we test few o f the arguments being currently made in manufacturing strategy literature. Studies suggest that quality is now just a “qualifier,” as opposed to being an “order w inner” (Colyer, 2006; Hill 2000, page 36). To the extent, performance of award winners com pared to non-winners is better, quality can still be considered to have conferred advantage. Furthermore, insignificant differences in performances reinforce the notion o f quality as a qualifier. Another argument made in the literature is that companies that have implemented the TQM are also expected to be lean manufacturer (Hill, 2000 page 36; Easton an d Jarrell, 1998; Hendricks and Singhal, 1997). We have used some financial indices as indicators of leanness to test the differences between quality award winners an d non-winners.
Empowerment as an Effective Instrument of Modern Organizations to Face the GlobalisedLiberalised Challenges: A Study
there is dire need for paradigmatic shifts in management strategies for business organizations in India, in today's highly competitive global scenario. Empowerment is a recent managerial 'mantra' for managing and facilitating human development. It is important to scrutinize the changing roles and attitudes of human resource for public and private sector which coexist on Indian scene. The present study on empowerment of executive! managers of four well- performing Indian organizations (two each from public and private sectors) belonging to four vital sectors of economy, namely banking, oil & energy, electronics& communication and automobiles has been undertaken. The study has shown that public sector units are as well or even better tuned to meet the challenges of business by empowered, committed professionalism of the executives/managers. They> are at pains to train and teach themselves to meet the demands of time for survival and prosperity for themselves and their organizations. Our findings are corroborated by certain other recent HRM studies of public sector organizations elsewhere in India.
Impact of Agency Effect on Corporate Performance: An Empirical Study
No promoter would like to share his power with other shareholders, be it managers, workers, government, public or institutional investors. But in order to succeed, he has to choose between growth versus con trol. In order to grow at a rapid pace, promoters have to raise capital from the capital market, which will certainly dilute their control. The stake of different shareholders affects the core competencies of the company, which holds the key to success. The current article tries to find the similarities in the nature of agency effect among top five companies within each sector. The objective behind this study is to help promoters and government decide the optimal agency effect, which can lead to corporate success. Un ique agency effect for each company plays a key role in its acquiring core competencies. Companies can formulate their strategies based on their core competencies and resources availability, which are affected by the nature of agency effect that the promoters are willing to accept. The current study captures this effect by adopting the methodology o f the discriminant analysis.