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.
Simple Strategies for Avoiding Grade Inflation
In the current environment of rampant grade inflation at all educational levels, faculty members are slowly losing sight of the primary purpose of grades as an accurate indicator/assessment measure of student performance in a course. This paper discusses grading, in general, and the causes and effects of grade inflation in detail. More importantly, the paper seeks to revive the sanctity and importance of tying grades to performance and presents some useful guidelines on how one can grade fairly and accurately while avoiding grade inflation.
Indiana University of Pennsylvania (USA)
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Managing the Attrition Rate of Faculty Members in Self Financed Professional Institutions in Delhi and NCR
Liberalization of the Indian economy and rationalization of business procedures has ensured a high economic growth with a rapidly expanding base for the manufacturing and hi end service sectors like finance, telecommunication, information technology etc. leading to the growth of higher education sector. In order to meet the demand, lots of private higher education players have entered into the education sector with a variety of courses and specialization. At present India is striving to compete as a globalized economy in areas that require highly qualified and trained professionals, and thus the quality of higher education has become increasingly important.
Copyright (c) 2013 DIAS Technology Review https://creativecommons.org/licenses/by-nc-nd/4.0
The Entrepreneurial Attitudes, Process and Innovation in the Success of Small Start up Food Retail Businesses in the UK.
The aim of this paper is to explore the role of the entrepreneurial behaviour, process and innovation in the successful establishment and growth of food retail stores, especially convenience shops, by interviewing owners of food retail shops in the area of North West London. Previous researches revealed that entrepreneurship consists of the entrepreneurial attitudes and behaviour of the owner, the entrepreneurial process which is the progress of the business from the opportunity identification until the establishment of the business, and the changes and innovations made in order to improve and expand the business. Therefore, to examine the topic qualitative research methods and techniques were employed. The sample of food retail shops was separated into two groups, 'food specialists' and 'convenience store owners'. The analysis of the findings identified that distinctive differences exist between the two groups on the subject and specifically in the three aspects of entrepreneurship. Finally from these dissimilarities a number of conclusions were drawn for clear understanding.
Entrepreneurial, Attitudes, Process, Innovation, Retail and Business.
Investment Performance of Derivative Based Investment Strategies: Empirical Evidence
Empirical literature on finance indicates numerous investment strategies based on fundamental factors such as price-earnings ratio, book to market ratio, size effect, value premium etc. to magnify the returns of investor in investment jargon. In the present paper, an attempt has been made to examine the profitability associated with derivatives based investment strategies i.e. Long Future (Naked), Covered Call, Long Straddle, Short Straddle in Indian capital market during the period of June 2000 to December 2010. The empirical results exhibited that average monthly returns of all the four investment strategies studied for the whole study period were noted higher than the average riskless return and benchmark index. The long straddle investment strategy scored highest average monthly return (18.88 percent) among all the derivative investment strategies and long future (naked) investment strategy delivered lowest average monthly performance (4.63 percent) in this regard. On the other hand, the present paper reveals none of the strategies generated lower variability of returns than the market portfolio i.e. CNX Nifty-50 during the entire study period. The information inputs depict the long straddle investment strategy as highest risky (92.87 percent) investment strategy among all the derivative investment strategies and short straddle investment strategy delivered lowest variability of monthly returns (10.54 percent) in this regard. The performance outcomes in terms of risk adjusted performance i.e. Sharpe ratio reveals that the majority of investment strategies (3 out of 4) have outperformed the benchmark market proxy. The average Sharpe ratio of short straddle investment strategy (1.63) was observed highest among all the investment strategies. On the other hand, long straddle emerged as looser investment strategy (0.09) during the whole study period. Thus, the present paper documents evidences of superior investment performance that could be constructed better than that of the passive benchmark portfolio. On the whole, the study indicates the ability of the derivative based investment managers to meet the expectations of the investors.
Price Discovery Via Long Run Causality of Future and Spot Prices in Commodity Market in India
Price discovery is one of the imperative functions of commodity derivative market. Its mechanism is established by long run and causal relationship between two variables. The present treatise is an attempt to examine the price discovery mechanism of commodity market in India. This paper evaluates the performance of Multiple Commodity Exchange in price discovery by statistically testing the cointegration and causality between future prices and spot prices of two precious metals i.e. gold and silver. The results of Johansen cointegration test indicate that cointegration exists between spot prices and future prices of gold and silver. Vector error correction mechanism confirms the presence of feedback relationship between spot and future market in case of gold and silver. There is bidirectional causality between future returns and spot returns. However, stronger causal relation from future market to spot market exists as compared to spot market to future market for gold as well as silver.
stationarity and vector error correction mechanism
Copyright (c) 2025 DIAS Technology Review https://creativecommons.org/licenses/by-nc-nd/4.0
Permission Marketing An Innovative Approach to Electronic-Marketing
Courtesy is the gift of treating others with warmth and respect. It means according dignity to people by being considerate, responsive, and kind in our dealings with them. This had been well understood by marketing professional and hence came the term 'Permission Marketing'. Due to increase in the advancement of information technology, all smart business companies around the world now practice advanced technology and innovative techniques to persuade the behavior of consumers. Internet today is an integral part of marketing collaterals. Permission marketing is an approach to selling goods and services in which a prospect explicitly agrees in advance to receive marketing information of their choice. Advocates of permission marketing argue that it is effective because the prospect is more receptive to a message that has been requested in advance and more cost-efficient because the prospect is already identified and targeted. In a world of information overload, automated telemarketing, and spams, most people welcome the idea of permission marketing. This research article is an attempt to critically analyse the concept, the existing models of permission marketing, and to understand the cost-benefit conceptual framework. Through an empirical study the last section shows the impact of permission marketing in terms of the parameters trust, price and convenience on the purchase decisions of the online –shoppers.
Permission marketing, consumer interest, customer participation, cost-benefit, trust, convenience, permission intensity.
Determinants of Dividends-A Study of Indian Companies Listed in BSE 100 Index
This paper investigates the determinants of dividend decisions of the firms listed in BSE100 index. The impact of fundamental variables like profitability, size, risk, growth and liquidity on dividend payout is examined. Statistical techniques of correlation and regression have been used to explore the relationship between the key variables. The findings provide a strong support to the argument that profitability and risk of a firm have a significant impact on the dividend policy decisions of firms. The risk of a firm is also observed to be an important contributor in the dividend decisions and has a significant negative correlation with the dividend payout. It can also be concluded that other variables like liquidity, size and growth do not have a significant impact on the dividend decisions of BSE100 Index companies.
Understanding Business Student Differences Internationally and Inter-culturally: Analysis of Chinese,Indian, and Korean Student Expectations
This paper presents the combined results of four surveys conducted in three countries. The surveys elicited information concerning the sociodemographic backgrounds, opinions and expectations of students studying business. The first three surveys were conducted in English language classrooms in China, India, and South Korea. The fourth survey was conducted in a Korean-language classroom in South Korea. We find evidence that expectations about family, career, national success, world stability, and future business climates differ substantially by nationality across Asian students of the same age, and studying the same general material. Further we find that even within one nationality there are substantial differences between students who study in different languages. These differences are shown to be statistically significant even after controlling for socio-demographic factors which are not strictly associated with nationality and language. This paper recommends college instructors develop a greater level of understanding of these differences. A simple survey technique is recommended.
An Empirical Study on The Factors Influencing Faculty Intention to Stay at Management Institutions
Education sector in the 21st century has seen sweeping changes, through the governmental policies. There has been a spurt in the educational institutions, leading to a challenge in attracting and retaining the faculty. Faculty satisfaction leads to quality improvement and reduced costs. Intention to stay indicates the extent of employee's commitment to his organization and the willingness to remain employed. The study aims to comprehend the faculty intention to stay in autonomous PGDBM institutions with respect to four factors- work environment, training and development, compensation and role of HOD. The paper reveals that all the four factors have a positive role in the intention to stay of the faculty with compensation being rated as the most important parameter affecting the faculty's intention to stay
Work Environment, Compensation, Training & Development, Role of HOD, Institutions, Intention to stay.
Copyright (c) 2012 DIAS Technology Review https://creativecommons.org/licenses/by-nc-nd/4.0
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.
GDP Composition and Sector-Wise Growth Trends in India: Evidences from Post-Reform Period
Economic growth models have emphasized upon the need for increase in investment leading to the rise in the rate of capital formation as the means for the development of any backward region/country. Considering this need of investment, economic reforms (liberalization, privatization and globalization (LPG)) gained major significance in India from July 24, 1991. These reforms introduced high investment to stimulate economic growth and average economic growth in India since then has been around 6.66% per annum (calculated form Handbook of Statistics on Indian Economy, RBI, 2011-1). However, these reforms have also led to change in the composition of gross domestic product (GDP) and growth rates of different sectors have been different during the post reform period. This paper aims at (1) examining the changes in GDP composition, (2) studying sector-wise growth rates using compound average growth rate (CAGR) and average annual growth rate (AAGR) and (3) finding the impact of gross capital formation (GCF) and labour employed on economic growth using multiple regression analysis in India during post-reform period i.e. 1991-92 to 2011-12. It has been found that the service sector contributes the highest and the agriculture & allied activities sector contributes the lowest share in GDP while the contribution of the industry sector has remained almost constant. As far as the sub-sector analysis is concerned, the trade, hotel, transport & communication sub-sector contributes the highest share in total output. GCF growth rate has found a significant determinant of economic growth and an 1% increase in the GCF growth rate leads to 0.91% increase in the GDP growth rate, while employment does not significantly affect the GDP growth rate.
economic reforms, GDP composition, growth trends, gross capital formation, labour employed, CAGR, and AAGR
Understanding “India Way” From “Blue Ocean Strategy” Perspective
The purpose of this paper is to analyze the business practices prevalent in Indian enterprises, which is described as the “India way” by Cappelli, Singh, and Useem (2010),and understand how their unique business practices and situations bestow them with distinctive advantages in innovations. It uses the concepts of “blue ocean strategy” (Kim and Mauborgne, 2005 and 2005a) and “disruptive innovation” (Christensen, 1997) for understanding aspects Indian business practices. Our analysis shows that the Indian businesses' abilities to function in the face of lots of hurdles, such as lack of resources and entangled bureaucratic red tapes, plus their interest in contributing to the improvements of lives of general mass provide them with unique opportunities to innovate.
Measuring Retail Service Quality, Customer Satisfaction, and Behavioural Intentions in Organised Retail Sector
To face the dynamic and volatile competition, retailers have to deliver high quality of services to its customers. Retail outlets offer the combination of product and services, but service quality is likely to have more impact on customers than product quality. This present paper aims to identify the applicability of RSQS in Indian food retail. Exploratory factor analysis has identified seven dimensions of retail service quality. The results of the study indicate that RSQS is not a generic scale. “Appearance” was the most important factor and the main determinant of behavioural intentions of shoppers (food outlets). The effect of demographic characteristics on various service quality dimensions was also identified
Organized food retail, Service quality, Behavioural Intentions
Neuro Fuzzy Modeling of The Impact of Real Economic Indicators on Stock Market Behaviour: Some Reflections from National Stock Exchange of India
The modeling of stock market behaviour is one of the key areas of present financial research as stock market is the main determinant of economic development of a country. Worldwide a number of researches have been conducted on the modeling of relationship between macroeconomic indicators and stock market behaviour. But in the context of India not many researches can be traced in the literature. These are primarily based on statistical and econometric analysis, which are not much reliable because of lack of accuracy and non-linearity in the system. In the present study the researchers have made an attempt to develop the neuro fuzzy model, which is not been previously done by researchers in India. The model is based on the data for the period from April 1999 to March 2010. The study considered daily index of S&P CNX Nifty as an indicator of stock market behaviour and the real macroeconomic indicators (Gross Domestic Product, Index of Industrial Production and Inflation) as determining variables. The study finds that neuro fuzzy model developed for stock market behaviour is quite suited for this application.
Stock Market behaviour, Real Economic Indicators, Fuzzy Logic, Adaptive Neuro-Fuzzy
Factors Affecting Customer Satisfaction: An Empirical Investigation on Online Banking Services
The abstract is of the thesis "Factors Affecting Customer Satisfaction: An Empirical Investigation of Online Banking Services" submitted by Dr. Rohit Mahajan for the award of Ph.D. degree from GGSIPU University, Delhi, India. The supervisors were Dr. Vinod Kumar, Guide, and Dr. N. Malati, Co-Guide and Professor & Director, Delhi Institute of Advanced Studies, GGSIPU, Delhi, India. The University awarded the Doctorate to the research scholar in the year 2024.
Copyright (c) 2023 DIAS Technology Review https://creativecommons.org/licenses/by-nc-nd/4.0
Volatility in the Banking Sector: A Multivariate Study of FPI and Key Economic Indicators
The increasing integration of global financial markets has made emerging economies more vulnerable to cross-border capital movements, especially Foreign Portfolio Investment (FPI). In countries like India, where the banking sector forms a critical pillar of the financial system, the volatility induced by sudden FPI inflows or outflows poses a serious challenge to financial stability. Moreover, macroeconomic conditions such as inflation, interest rates, and exchange rate further compound this volatility. Despite the significance of these variables, limited empirical research has holistically examined how FPI and key economic indicators together influence volatility in the banking sector. This study has investigated the impact of Foreign Portfolio Investment (FPI) and key macroeconomic indicators on volatility in the banking sector. Using a multivariate analytical framework, the research has analyzed the interplay between FPI flows and variables such as interest rates, inflation, and exchange rates. The findings reveal that fluctuations in FPI significantly influenced banking sector volatility, often amplifying market uncertainty during periods of economic or political instability. Additionally, macroeconomic indicators play a critical role in shaping investor behavior and sector performance, with all variables exhibiting stronger correlations with volatility. The study concludes that while FPI has enhanced market liquidity, it has also introduced risks that required careful management through effective regulatory oversight and sound economic policy. The insights provided by this research aimed to assist policymakers and financial institutions in developing strategies to mitigate risk and promote stability within the banking sector.
Organizational Commitment Among Gen Z: The Role of Job Security, Development, and Well-being
This study investigates the influence of job security, training and development opportunities, compensation practices, and employee mental well-being on organizational commitment among Generation Z professionals in the Delhi NCR region. Adopting a mixed methods approach, both qualitative and quantitative data were gathered to explore the multidimensional nature of organizational commitment. The research employed exploratory and confirmatory factor analysis to validate the factor structure, followed by structural equation modelling to examine relationships among constructs. The results indicate that job security and training and development have a significant positive impact on employee mental well-being, which, in turn, positively influences organizational commitment. Compensation, while initially considered, did not emerge as a significant direct predictor in the final structural model. Mediation analysis revealed that employee mental well-being fully mediates the relationship between training and development and organizational commitment and partially mediates the relationship between job security and commitment. These findings align with the Job Demands-Resources (JD-R) model and highlight the growing importance of psychological resources in driving commitment, especially for Gen Z employees who prioritize mental health, personal development, and value-based engagement over traditional job tenures. The study provides actionable insights for organizations to design evidence-based HR strategies that support psychological well-being and foster long-term organizational loyalty in the emerging workforce.
Herding in Factor Portfolios: A Regime-Switching Perspective on the Indian Market
The current research investigated dynamic herd behavior in different factor portfolios for the Indian Stock Market. The study is conducted on three factors: market size, volume and profit-book ratio from 2009-2023. Using the three-regime Markov model, the study documented notable results. We observed herding for large, high-volume, and value stocks with extremely high volatile regimes. These results exhibit that the type of stocks matters while investing in the stock markets. Investors behave differently for various types of stocks and impact the market trend, especially in times of unprecedented situations. These results have implications for investors, market regulators, and portfolio managers.
The Study of Factors Influencing the Adoption of mHealth Applications among the Consumers of HealthServices
Mobile-enabled health technologies let individuals obtain clinical guidance and assessments without an in-person visit and give public health agencies a powerful channel for distributing programmes throughout a community. This study investigates how users’ motivation to avoid perceived threats interacts with their attitudes to shape intentions to adopt mobile-health (mHealth) apps. To capture both acceptance and avoidance dynamics, the research unites the Technology Acceptance Model (TAM) with Technology Threat Avoidance Theory (TTAT). In the integrated framework, threat- and coping-appraisal processes feed avoidance motivation, whereas perceived ease of use and perceived usefulness foster a favourable attitude. The hypothesised paths are assessed with Partial Least Squares Structural Equation Modelling (PLS-SEM). By highlighting the most influential mHealth determinants from the perspective of key stakeholders, the findings offer actionable guidance for practitioners and policymakers overseeing mHealth roll-outs.
Contributing to the Sharing Economy: A Bibliometric Mapping of Fashion Rental Services
Along with other constituents of the sharing economy, fashion sharing services have the potential to make valuable contributions towards sustainable consumption and production. However, there is a dearth of studies on the linkages amongst the prominent research units of analysis and development of scholarship on fashion rental services. This study aims to map the evolution and structure of the discourse on fashion rental services through bibliometric analysis and to identify the major challenges impeding the growth of fashion rental services. A total of 133 papers have been analyzed through Biblioshiny and VOS viewer software to identify the prominent contributors including authors, journals, institutions, and countries. Co-citation analysis, author collaboration network, and keyword co-occurrence analysis have been undertaken. Thematic mapping indicates collaborative fashion consumption and fashion as motor themes and sharing economy and clothing as basic themes. Sustainable consumption and sustainable fashion are emerging themes and luxury fashion and fashion leadership are niche themes. A content analyis of the top highly cited papers in the domain indicate a lack of awareness and trust amongst consumers, perceived risks, and inadequate infrastructure as challenges impeding the growth of fashion rental services. The study lays down a roadmap for future research on fashion rental services and outlines a set of recommendations for stakeholders.
Web-based artificial intelligence agents
This paper discusses implementations of Artificial Intelligence (AI) technologies over the World Wide Web. The implementations include a pilot agent with natural language processing and rule-based AI that recommends IBM products, a planning agent that can be used by dispersed Army Small Units, and a learning apprentice for the Web that can help users to locate desired Web sites. The potential for the use of the AI technology, in light of the latest development in Internet and Web 2.0 technologies, is high for both corporations and every day users.
Artificial Intelligence, Intelligent Agents, Natural Language Agents, Agents on the Internet
Mixed nationalities impact on safety in container ships
The growing consensus among safety researchers and professionals is that safety culture plays an important role in creating a safe and reliable working environment. In order to evaluate the safety culture of an organization, critical safety factors that influence human behavior, attitude, perception, and performance are identified and studied. This study is an attempt to identify safety factors in the shipping industry, particularly in container ships. Surveys were sent to 250 container ships out of 300. Researchers received 789 shipboard responses from 110 container vessels representing a 44% response rate. A fifty six question survey was developed and for each question the answer ranged along a five point Likert scale: “Disagree”, “Slightly Disagree”, “Neutral”, “Slightly Agree”, and “Agree”. The individual safety factor questionnaire contained items on the organizational safety factors, shipboard, and individual safety factors, as well as items on individual demographic and general information such as nationality, age, gender, and experience (three levels). The Kruskal-Wallis non parametric statistical test revealed that significant differences between the safety factors were identified. The Mann-Whitney pair-wise comparisons also revealed significant differences based on nationality. The study provides details of statistical analyses of the findings.
Safety Culture at Sea; Mixed Nationality Perception; Kruskal-Wallis; Mann-Whitney, Safety Factors, Safety Perception.
An elucidation of investment preferences and investment objectives of individual stock investors of punjab
The present paper is an attempt to have an insight into the influence of five key attributes that is Safety of principal, Liquidity, Stability of Income, Capital Growth and inflation resistance on the investment decisions of individual stock investors of Punjab while choosing a particular investment and also identifies their major investment objectives. Additionally, the study gauges if there is any significant difference in the investment objectives of investors across their age groups. A pre-tested, well structured questionnaire was administered personally to 200 individual stock investors in Punjab and their responses were sought in terms of frequencies, percentages and weighted average scores. Chi-square test has been applied to test the difference between investment objectives across age groups. Gold is found as the highly preferred investment among individual investors in Punjab for four attributes that is safety of principal, liquidity, capital growth and inflation resistance revealing that they consider gold as most effective investment which is better on each of the above mentioned attributes than all the other potential investments. However, securities market is second highly preferred investment for three attributes that is liquidity, capital growth and inflation resistance but as far as attributes such as safety of principal and stability of income are concerned, bank fixed deposits is the second most preferred investment by individual stock investors for these attributes. Retirement planning is found as the major objective of individual stock investors of Punjab for making investments. The above findings will be helpful for the financial service providers in offering more effective advice to the investors by understanding their current stated investment objectives and the importance of key attributes to them while choosing among various investment options.
Individual Stock Investors, Key Attributes, Investment Objectives, Weighted Average Scores, Chi-Square Statistics
Inter linkages between organizational culture and quality management system: a study of small and medium enterprises in indian auto component sector
Indian Auto component sector is one of the fastest growing within the Small and Medium Enterprise (SME) category of industries. This study investigates the relationship between cultural values and implementation of quality management principles in Indian Auto component manufacturing SMEs. Empirical data was collected via a questionnaire survey, and 61 Indian Auto component manufacturing SMEs located in Delhi and National Capital Region were studied. Statistical analysis revealed a significant difference between 'small' and 'medium' enterprises in relation to the prevalence of Cultural values like-Openness, Confrontation, Trust and Pro-action. However, no significant difference was found in the extent of practice on each of Quality Management factors between 'small and medium enterprises. An interesting aspect that has been highlighted is that both small and medium companies have shown a higher level of implementation of all quality principles. The results indicate three cultural dimensions -Openness, Confrontation & Pro-action which exhibited a significant positive association with all the quality management factors. Similarly, Experimentation, Collaboration, Authenticity and Trust exhibited positive significant correlation with most of the Quality Management factors. However, Autonomy is the only cultural dimension which was found to have non-significant low negative correlation with four Quality factors. The findings suggest that the cultural dimensions -Openness, Confrontation and Pro-action should be emphasized more given their association with all Quality Management factors. This paper presents new results evidencing the importance of OCTAPACE values in TQM implementation. Overall, the research findings provide a useful reference for Indian Auto component SMEs in their efforts to sustain global competitiveness.
Quality Management, Organizational Culture, Auto Component SMEs
Mediating role of value delivery in value delivery-user satisfaction relationship in organised retail stores in city of ludhiana (punjab)
The Indian retail industry has scaled impeccable growth over the last decade with an amiable acceptance to organised retailing formats. The industry is maturing towards modern concept of retailing, cornering the conventional unorganised family-owned businesses. As per US-based global management consulting firm, A T Kearney, India has been ranked as the fourth most attractive nation for retail investment among 30 emerging markets. The retail consumer is becoming very perceptive and challenging in the context of day to day lifestyle. As a result there is stiff competition among Indian and foreign retailers to attract customers and retain them. In this tug-of-war, quality retailing, delivering value to user has emerged as the solution. The retailer who provides quality products and services along with a quality shopping experience keeping in mind the value framework succeeds in the long run. The performance of organized retailing primarily depends upon service delivery & quality of service delivery. In all service firms, customers' perceived value delivery is taken as an important element of business success. This paper empirically examines the value delivery-customer satisfaction relationship in organised retail outlets in Punjab's commercial capital, Ludhiana. Results indicate that value delivery has a significant impact on customer satisfaction.
Assessment of Good Governance in Delhi: A Study of Stakeholder's Perception
The changing social, political and economic scenario in the world as well as in India has brought about changes in the aspirations and expectations in governance. Assessment of good governance is essential to keep the development relevant, purposeful and focused. Good governance helps create an environment in which sustained economic growth becomes achievable. Conditions of good governance allow citizens to maximize their returns on investment. Delhi as a cosmopolitan city represents a large section of citizens of the country and as a capital city state is unique in governance. The concern for good governance in Delhi becomes even more important because as capital it is the face of the country to the world and reference for the rest of the country. With this premise the present study aimed at assessing the perception of stakeholders about the good governance in Delhi. Views and perceptions of all stakeholders are taken for nine government departments/ agencies with which citizens have maximum interaction. Stakeholders are classified in five categories and studied for their response in three different age groups and both the genders equally. The result indicated that except official categories, the rest of the stakeholders did not agree that identification of initiatives and priorities was satisfactory. Only two agencies are perceived to have system in place to the satisfaction of stakeholders. There was uniformity in the opinion expressed by stakeholders in all age groups and both the genders with few exceptions that much more is required to be done to improve transparency, accountability and efficiency of the administrative system. These results indicated that stakeholders intend to have more participation in identification of priorities, more transparency and improvements in the system.
Good Governance, Stakeholders, Perception, Accountability, Assessment
Corporate governance - a tool for effective financial reporting & control
The article examines the emergence of the concept corporate governance through a historical discussion. It briefly describes the emergence of certain global institutions enunciating the basic principles of good Corporate Governance. It discusses the role of Four main authorities involved in corporate governance in India. A critical evaluation of different corporate governance measures has also been done. It finally concludes that proper implementation of the code of corporate governance requires a judicious mix of stakeholders' vigilance, effective legislative measures, positive institutional support and self-regulation by the professional accountants and the top managerial personnel involved in this process.
Copyright (c) 2011 DIAS Technology Review https://creativecommons.org/licenses/by-nc-nd/4.0
Trade openness, exports and economic growth relationship in india: an econometric analysis
Drastic changes have taken place at the global level during the last two decades of liberalization and globalization. In the light of global changes, the Indian government also initiated the process of domestic and external economic reforms in the early 1990s. A shift took place in regard to trade liberalization with special emphasis on export-led growth policy. The present study has been designed to examine the validity of the export-led growth (ELG) hypothesis implemented in India during the Post WTO Period. The study is based upon quarterly time series data covering the period from 1996-97 to 2008-09. An attempt has been made to analyze the relationship between three variables i.e., trade openness, export growth and its impact on economic growth within the framework of Vector Error Correction Model (VECM) using the Johansen Technique of Co-integration and the Block Exogeneity Wald Test. The study found that there is bi-directional causality running from GDP to export growth and vice versa for India. The ELG and GLE hypothesis is valid for India and empirical evidence supports the existence of long-run equilibrium relationship between export growth and economic growth. Unidirectional causality has also been observed between trade openness and economic growth (GDP), which is running from trade openness to GDP. In the light of above findings, the present study supports the hypothesis that there is a positive correlation between export growth and economic growth in India during the post reforms period.
An Empirical Study of Employer Branding in Information Technology Companies
The demand for qualified personnel is increasing faster than the available supply. Competition in the market has intensified, compelling companies to show an ever-increasing interest in formulating strategies to differentiate themselves. Strong demand for specific skills, along with tight labor markets, has made it much more difficult to retain current employees and recruit new ones. Employer branding is often referred to as the “hottest strategy in employment.” An employer brand represents the image of an organization as a “great place to work” in the minds of current employees and other key stakeholders in the external market. Focusing on common images found both externally and internally has therefore become imperative. To develop a strong employer brand, it is necessary to highlight what is unique about an organization and its culture. Awareness of existing similarities and differences in attitudes among various groups can make employer branding strategies more effective. The objective of this research paper is to examine the similarities and differences between the external and internal employer brand images of three IT companies—Infosys, TCS, and Wipro. The survey was primarily based on fifteen parameters that prospective and current employees commonly consider when evaluating an organization. These parameters include competitive compensation, career growth opportunities, financial strength, and effective management and leadership styles. The findings reveal that the employer branding activities of TCS and Infosys have been rated more favorably than those of Wipro.
An Empirical Test of Fundamental Analysis in India
Fundamental analysis examines the relation between financial statement data and returns. Previous studies show a link between fundamental signals (which include ratios and other financial performance measures) and returns in the US capital markets. This study extends this line of research by examining the relation between fundamental signals and returns in India. Indian accounting standards and capital markets differ significantly from those in the US. Using the methodology developed by Lev and Thiagarajan (1993), we examine the relationship between these financial measures and returns in India. Our results reveal a significant relationship between fundamental signals and returns in India, suggesting that investors in Indian stock markets find fundamental signals relevant in making investment decisions. Comparison o f results obtained using Indian data to those studies based in the US provides insight into the differences between the two countries