Journal articles on the topic 'Indian Companies'
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Poornimarani and Diana. "INDIAN ENTREPRENEURS COMPEITATION BEFORE MULTINATIONAL COMPANIES." International Journal of Research -GRANTHAALAYAH 4, no. 8(SE) (August 31, 2016): 10–15. http://dx.doi.org/10.29121/granthaalayah.v4.i8(se).2016.2581.
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MNCS are big challenges before local Indian entrepreneurs. Indian entrepreneurs are now finding it difficult to compete with multinational companies. Indian ersare trying to internationalize in their response. In this study 123 ers are examined, the purpose of the study is to identify the problems and competition before India ers. However there is a need of more support to enable them to survive and grow.
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Beal, Brian. "Indian companies ignoring HR issues." Human Resource Management International Digest 24, no. 4 (June 13, 2016): 29–31. http://dx.doi.org/10.1108/hrmid-03-2016-0032.
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Purpose The purpose of this paper is to investigate the extent of corporate disclosure on human resources (HR) in the annual reports of top-performing Indian companies. Design/methodology/approach The paper explores the extent to which top 82 companies from India present information about HR in their annual reports. This paper examines the annual reports of each of the top Indian firms listed on the Bombay Stock Exchange, using the “content analysis” method. Statistical tests have been performed to analyze the difference between the HR disclosure score across public and private sectors and disclosure variations among various industrial sectors. Findings In-house training programmers has been noticed to be the favorite item of disclosure followed by safety awards/certifications and statements regarding cordial relations with the employees/unions. A majority of the Indian firms have ignored significant HR issues such as employee welfare fund, maternity/paternity leaves, holiday benefits, employee loans, adopting old age homes, etc. Overall, the paper reflects low HR-related disclosures. Originality/value This is the first paper on the disclosure of HR by the Indian corporate sector in the CSR domain with a disclosure analysis for a period of nine years. This paper provides new directions for the literature in this area and may promote comparative studies on HR-based studies from different perspectives.
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Tawiah, Vincent, and Pran Boolaky. "Consequences and determinants of IFRS convergence in India." International Journal of Accounting & Information Management 28, no. 2 (March 7, 2020): 303–22. http://dx.doi.org/10.1108/ijaim-06-2019-0062.
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Purpose The purpose of this paper is to provide evidence of how convergence to International Financial Reporting Standards (IFRS) impacts accounting values and the determinants of variation in equity adjustments among Indian companies. Design/methodology/approach Using a sample of 323 listed companies, the authors empirically test whether there is a significant difference between converged IFRS (Ind.AS) and Indian Generally Accepted Accounting Principles (GAAP) (AS) reported figures and ratios and why companies adjust differently. Findings This paper reveals that fair valuation under Ind.AS causes a significant decrease in goodwill. A substantial decrease in both current and long-term liabilities because of non-recognition of proposed dividend, discounting of long-term provision per Ind.AS was also found. The variations in equity adjustment were significantly influenced by capital structure, level of family control and auditor type. Practical implications This paper provides insights to users who are interested in historical data, that Ind.AS brings significant changes in the accounting values and ratios and the impact differs among companies based on capital structure, ownership and auditor type. Originality/value This paper contributes to the literature of IFRS convergence in India by providing rational analysis of the differences between IFRS, Indian converged GAAP and Indian local GAAP among companies and its impact on accounting values.
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Anand, Manoj, B. S. Sahay, and Subhashish Saha. "Balanced Scorecard in Indian Companies." Vikalpa: The Journal for Decision Makers 30, no. 2 (April 2005): 11–26. http://dx.doi.org/10.1177/0256090920050202.
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There has been growing criticism of financial measures in performance evaluation system in postreform India as they are historic in nature and lack futuristic outlook. Their relevance in the information age, when the companies are building internal assets and capabilities, is questioned. The situation may worsen when the firm is compelled to pursue short-term goals at the cost of the organization's long-term objectives. Kaplan and Norton developed an innovative and multi-dimensional corporate performance scorecard known as the Balanced Scorecard. It compels the firm to align its performance measurement and controls from the customers' perspective, internal business processes, and learning and growth perspectives and investigate their impact on the financial indicators. There are arguments that the Balanced Scorecard should be ‘unbalanced’ based on the strategy followed by the firm. The corporate experiences with the implementation of the Balanced Scorecard suggest mixed results. In this article, the authors a) identify the extent of the usage of the Balanced Scorecard by corporate India; b) explore whether Indian firms use all the four perspectives, namely, customer, financial, internal business, and learning and growth in their performance scorecard; c) capture the management motivations for implementation of the Balanced Scorecard; d) identify the key performance indicators in different perspectives of the performance scorecard; and e) evaluate the performance of the Balanced Scorecard as a management tool. The major findings of this study are as follows: The Balanced Scorecard adoption rate is 45.28 per cent in corporate India which compares favourably with 43.90 per cent in the US. The financial perspective has been found to be the most important perspective followed by customers' perspective, shareholders' perspective, internal business perspective, and learning and growth perspective. The environmental, social, and employees' perspectives also figure in it. The expense centre budgets, brand revenue/market share monitoring, profit centre, and transfer pricing mechanism are the other performance management tools used by the Indian companies. Corporate India monitors the indicators as per ISO 14000 norms in the environmental and social perspectives of the performance scorecard. The difficulty in assigning ‘weightage’ to the different perspectives and in ‘establishing cause and effect relationship among these perspectives’ has been found to be the most critical issue in the implementation of the Balanced Scorecard in corporate India. Most companies claimed that the implementation of the Balanced Scorecard has led to the identification of cost reduction opportunities in their organizations which, in turn, has resulted in improvement in the bottom line. Insights from such an analysis can be useful to both management practitioners and management accounting academics.
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Ciemniewski, Marcin. "Indian spooks: What Indian Comic Books Readers Are Afraid of." Politeja 16, no. 2(59) (December 31, 2019): 161–76. http://dx.doi.org/10.12797/politeja.16.2019.59.11.
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The comic book industry in India began in 1950. Back then leading American comic books like The Phantom, Flash Gordon and Rip Kirby started to be published in India and translated into local languages. Indian youngsters in no time became interested in the new medium, especially in superhero comics known from the American popular culture. The success of these translations encouraged local publishers and cartoonists to create Indian themed comic books, set in India with Indian heroes (and superheroes) − even though Indian comics were still strongly influenced by American ones, mainly in terms of esthetics. However, around 1950, American comics publishing companies also tried to attract adult readers by presenting more adult content in a form of horror and thriller stories. Publishers in India quickly adapted this trend launching a very popular comic book series in Hindi of thrill, horror and suspense. In this way horror – till then almost completely absent from Indian literature and popular culture – was introduced to the local audience. The question remains, how different are those local spooks from the American ones and finally: what are Indians afraid of?
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Singh, Punam, and Shulagna Sarkar. "CSR Guidelines for Indian Companies." Indian Journal of Corporate Governance 6, no. 1 (January 2013): 76–89. http://dx.doi.org/10.1177/0974686220130106.
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RUPESH SONI, RASHMI, IQBAL THONSE HAWALDAR, ANJU SUNNY VASWANI, CRISTI SPULBAR, RAMONA BIRAU, ELENA LOREDANA MINEA, SUHAN MENDON, and MARIA MAGDALENA CRIVEANU. "Predicting financial distress in the Indian textile sector." Industria Textila 72, no. 05 (October 30, 2021): 503–8. http://dx.doi.org/10.35530/it.072.05.20214.
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The purpose of this paper is to predict the financial distress of companies of the Indian textile sector using Altman Z score. The analysis conducted on 161 listed textile companies in India for a period of 10 years from 2009 to 2018. All the listed companies are categorized into large, medium, and small using the median split method based on the size of total assets. Kruskal Wallis test is applied to test whether the mean z-score is different for each category of companies. This research study shows that majority of the companies in the Indian textile sector are facing financial distress. Further, it shows that the z score of small, medium, and large-scale textile companies in India is significantly different.
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Abraham, Santhosh, Claire Marston, and Edward Jones. "Disclosure by Indian companies following corporate governance reform." Journal of Applied Accounting Research 16, no. 1 (May 11, 2015): 114–37. http://dx.doi.org/10.1108/jaar-05-2012-0042.
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Purpose – The purpose of this paper is to investigate Indian companies’ compliance with the mandatory and voluntary corporate governance disclosure requirements of the Stock Exchange Board of India’s Clause 49. Design/methodology/approach – The authors develop a corporate governance disclosure index and sub-indices based on Clause 49. Annual reports of listed Indian companies are scored according to their disclosures in two periods – pre and post amendments to Clause 49. Findings – Indian companies are highly compliant with corporate governance disclosure requirements of Clause 49. Disclosure increases significantly after amendments to Clause 49 as the penalties for non-compliance increase in severity. Government controlled firms disclose significantly less than privately owned firms. Research limitations/implications – The findings are consistent with bonding theory and the authors note that the presence of an independent regulator (with powers to take action against violators) provides corporate India with additional incentives to comply with corporate governance reform. Practical implications – These findings have important implications for policy makers and regulators as they contribute to the debate on the choice between formal corporate governance regulation versus informal self-regulation. The study also has implications for understanding factors associated with the adoption of disclosure practices in general. Originality/value – This is the first study to examine disclosure compliance in a major developing country pre and post amendments to mandatory corporate governance requirements. Prior evidence indicates a low level of disclosure in India but our results demonstrate an improvement in line with our theoretical predictions that suggests, India is converging towards an Anglo-Saxon model of corporate governance.
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Jena, Arpita. "CSR – Provisions in Indian Companies Act 2013." Journal of Advanced Research in Dynamical and Control Systems 12, SP7 (July 25, 2020): 2389–94. http://dx.doi.org/10.5373/jardcs/v12sp7/20202367.
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Reddy, Dr M. Sateeshnadha, and Prof V. Balakrishnama Naidu. "Production Performance of Selected Indian Cement Companies." Indian Journal of Applied Research 3, no. 5 (October 1, 2011): 149–52. http://dx.doi.org/10.15373/2249555x/may2013/45.
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Tewari, Ruchi, and Darshana Dave. "Corporate Social Responsibility: Communication through Sustainability Reports by Indian and Multinational Companies." Global Business Review 13, no. 3 (October 2012): 393–405. http://dx.doi.org/10.1177/097215091201300303.
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Purpose: To understand Corporate Social Responsibility (CSR) communication made through the use of sustainability reports and to compare the CSR communication made by the Indian Companies and the Multinational Companies (MNCs) through the medium of sustainability reports. Design/Methodology/Approach: Sustainability reports of the top 100 companies operating in the Information and Technology sector in India were taken and content analysis techniques of visual communication were used to compare the performance of the Indian and the MNCs in terms of CSR disclosure. Further, guidelines stated by the Global Reporting Initiatives (GRT) were taken as a measure of comparison to gauge the standardization of the sustainability reports published by the Indian companies and the MNCs. Findings: The total number of Indian companies in the IT sector publishing sustainability reports is few but the quality of reports is of global standards and the international benchmarks stated by GRI are achieved by a larger percentage of the Indian companies as against the MNCs operating in India in the IT sector. Research Limitations/Implications: The paper considers the sustainability reports only and no other medium of CSR communication. The study is limited to the companies operating in the IT sector only. Originality/Value: Sustainability reports as a medium of CSR communication is highly ignored and therefore the findings will supplement and enhance the understanding of CSR communication.
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Singh, Gagandeep. "A Move Towards Intelligent Economy: Indian Evidence." Management and Labour Studies 46, no. 2 (February 25, 2021): 192–203. http://dx.doi.org/10.1177/0258042x21989941.
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The current study accounts for a transitional move initiated by NITI Aayog and Securities and Exchange Board of India (SEBI) recently in the form of adoption of artificial intelligence (AI) in Indian economy. Empirical analysis of data of top 500 Indian companies reveals that adoption of this transformation is likely to enhance firm performance. The annual reports of Indian companies mention the use of AI in the business, which clearly indicates that Indian economy has initiated a move towards intelligent economy. It is observed that the banking companies are using AI and chatbots at a wider scale. Firms belonging to other sectors are gradually following the adoption of AI in the business process which results in improved financial performance. The findings of the study suggest that Indian legislators should gradually move towards mandatory adoption of AI in business economy at large in line with the global trend, which began its footprints through Digital India.
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Sidhu, Amarjit Singh, and Neha Verma. "Unveiling the Factors Affecting Profitability of Reinsurance Companies." Management and Labour Studies 42, no. 3 (August 2017): 190–204. http://dx.doi.org/10.1177/0258042x17720062.
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General Insurance Corporation or GIC Re is a quintessential reinsurer of India. The company is among the premier financial institutions of the country. It has been the only domestic reinsurer of India since many years. Recently from December 2016, with the approval of Insurance Regulatory and Development Authority (IRDA), many unassailable international reinsurers have made their foray into the Indian market. Besotted by the recent supple regulations of the Indian reinsurance market, many other international reinsurers are interested to carve a niche in the Indian market. As such it becomes imperative to keep an eye on our own unfettered reinsurer which has to confront the competition posed by these highly adept reinsurers in the changing scenario. In this article, an attempt is made to ascertain the factors affecting the profitability of GIC Re. Profitability has been chosen as it is often considered as the salient parameter of a company’s success. For this purpose, Auto Regressive Distributed Lag (ARDL) model has been used on the quarterly data of GIC Re from 2005 to 2016. It is found that investment income, underwriting profitability and premium growth significantly affect the profitability of GIC Re both in the short and long run.
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Chakraborty, Prabal. "Indian Pharmaceuticals Industry in Global Scenario: An Appraisal." Journal of Health Management 22, no. 3 (August 6, 2020): 424–29. http://dx.doi.org/10.1177/0972063420937939.
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Today, the Indian pharmaceuticals industry is recognised the world over due to the quality and cost-effectiveness of its products. At present, globally it is one of the fastest-growing industries and contributes 2.4 per cent value wise and 10 per cent volume wise globally. India alone accounts for 20 per cent of global exports in generics. In 2016, the Indian pharma industry exported USD16.89 billion and is expected to touch USD40 billion by 2020. The present generics market has immense potentiality for foreign direct investment (FDI) inflows, and worth USD14.53 billion of FDI inflows came in between April 2000 and December 2016. We have witnessed that Indian pharma companies go for joint ventures with multinational companies, make strategic alliances and co-promotions, contract research and manufacturing services, export, acquisitions and mergers, focus on new markets other than the USA and Europe, buy offshore plants and increase stakes in other companies. India is also becoming an attractive investment for the clinical trials market. The objective of this paper is to analyse the Indian pharmaceuticals industry—opportunity and threats, strategies of the Indian companies particularly after trade-related aspects of intellectual property rights (TRIPS).
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Rao, Pramila. "Investment and collaboration: the Indian model for “best” HRM practices." Journal of Asia Business Studies 10, no. 2 (May 3, 2016): 125–47. http://dx.doi.org/10.1108/jabs-03-2015-0033.
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Purpose The purpose of this paper is to examine human resource management (HRM) practices of the top 25 companies identified as “best” in India in 2011. This paper provides insights into HRM practices of a leading country in Asia that is playing a very important role in the global economy. Design/methodology/approach This conceptual paper will use for its research analysis the business reports of the Outlook Business Magazine and AON Hewitt. AON Hewitt is a global human resource consulting company and is an established authority in identifying “best” companies in India since 2004. A qualitative content analysis was done of the business report to identify predominant themes. Findings The analysis identified how the “best” 25 Indian companies offer progressive HRM practices that required careful investment and collaboration. This research showcases seven specific HRM themes that include elaborate staffing, investment in learning, work–life balance, egalitarian practices, developmental performance culture, generous benefits and engagement initiatives. Practical implications This paper provides preliminary guidelines for global practitioners who may be interested in doing business in India. It also provides a model of “best” HRM practices adopted by 25 companies that could help other organizations identify successful HRM practices in India. Among the 25 companies, 16 are Indian companies and 9 are subsidiaries of multinationals. Originality/value This paper outlines HRM “best” practices of organizations in an emerging Asian economy that has not been addressed before. This paper hopes to bridge this paucity in the extant literature by showcasing the “best” HRM practices from 25 “best” companies in India. It also provides an Indian model of “best” HRM practices that can be tested by other scholars for future studies.
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Kumar, N. Senthil, and K. Selvamani. "LIFE INSURANCE INDUSTRY IN INDIA-AN OVERVIEW." International Journal of Research -GRANTHAALAYAH 4, no. 10(SE) (October 31, 2016): 30–36. http://dx.doi.org/10.29121/granthaalayah.v4.i10(se).2016.2466.
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The first insurer of life was the marine insurance underwriters who started issuing life insurance policies on the life of master and crew of the ship, and the merchants. The first insurance policy was issued on 18th June 1583,on the life of WILLIAM GIBBONS for the period of 12 months. The oriental life insurance company is the first insurance companies in India which is started on 1818 by Europeans at Kolkata. The Indian Life Assurance Companies Act, 1912 was the first statutory measure to regulate life business. In 1928, the Indian Insurance Companies Act was enacted to enable the Government to collect statistical information about both life and non-life business transacted in India by Indian and foreign insurers including provident insurance societies. In 1938, with a view to protecting the interest of the Insurance public, the earlier legislation was consolidated and amended by the Insurance Act, 1938 with comprehensive provisions for effective control over the activities of insurers. In 1956 the life insurance companies was nationalized. The LIC absorbed 154 Indian, 16 non-Indian insurers as also 75 provident societies—245 Indian and foreign insurers in all. The LIC had monopoly till the late 90s when the Insurance sector was reopened to the private sector.
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Tripathy, Amit, and Shigufta Hena Uzma. "Factors influencing liquidity position of Indian manufacturing companies." Journal of Accounting in Emerging Economies 10, no. 2 (April 9, 2020): 243–60. http://dx.doi.org/10.1108/jaee-02-2019-0053.
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PurposeThe purpose of this paper is to investigate the increasing demand for corporate liquidity and examines the various factors influencing the cash position of firms in India. The financial policy to hold cash gained impetus after the financial crisis when the companies faced a severe cash crunch. However, the firms operating in emerging nations have an imperfect market mechanism with stringent regulatory norms. Thus, this paper attempts to examine the determinants of corporate cash holdings in an emerging country like India.Design/methodology/approachThe paper focuses on the impact of various factors (leverage, firm size, profitability, growth along with other variables), on the cash structure of all the manufacturing companies listed on the Bombay stock exchange. The study employs panel data methodologies over a sample of 323 firms over a period of eight years from 2010 to 2017.FindingsSignificant estimators affecting cash holdings of a firm are the size of a firm, debt levels, tangibility, sales growth and research and development expense. Overall, the study finds evidence on the existence of Pecking Order theory in explaining the determinants of cash holdings in the Indian market.Research limitations/implicationsThe study attempts to explore the critical determinants of cash in the Indian context which can be useful for managers and academicians to understand how the key theories of cash holdings operate in an emerging economy like India.Originality/valueIndia is an emerging economy and has recently gained global attention and has become a hotspot for foreign investments. Thus, this paper explores pieces of evidence on the critical factors affecting cash holdings in India. The study would provide an understanding of the existing cash policy in the Indian context and attempts to find the changes in the financing structure adopted by the manufacturing industry in the given period.
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Abhishek, N., and M. S. Divyashree. "Integrated Reporting Practices in Indian Companies." FOCUS : Journal of International Business 6, no. 1 (June 1, 2019): 140. http://dx.doi.org/10.17492/focus.v6i1.182825.
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Sreeja, K. "Blue Ocean Strategies and Indian Companies." Asian Review of Social Sciences 9, no. 1 (May 5, 2020): 23–26. http://dx.doi.org/10.51983/arss-2020.9.1.1611.
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The Blue Ocean Strategy is relatively a new concept propounded by Kim and Mauborgne in 2005 in their famous book “Blue Ocean Strategy: How to Create Uncontested Market Space and Make the Competition Irrelevant”. Blue oceans are the unexplored market space where no competition exists at present. This is a concept paper based on content exploration and no scientific enquiry is carried out as part of this study. The present paper explains the concept of Blue Ocean Strategy by illustrating the examples of some companies using this strategy
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Batra, Roopali, and Satish Verma. "Capital budgeting practices in Indian companies." IIMB Management Review 29, no. 1 (March 2017): 29–44. http://dx.doi.org/10.1016/j.iimb.2017.02.001.
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Batra, Roopali, and Satish Verma. "Capital Budgeting Practices in Indian Companies." IIMB Management Review 29, no. 1 (March 2017): 4. http://dx.doi.org/10.1016/j.iimb.2017.03.005.
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Sinha, Ram Pratap, Violeta Cvetkoska, and Filip Peovski. "Efficiency of Indian General Insurance Companies." Croatian operational research review 13, no. 2 (December 22, 2022): 187–201. http://dx.doi.org/10.17535/crorr.2022.0014.
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In the current millennium, the Indian general insurance market has witnessed major structural changes because of the establishment of a market regulator and the initiation of entry deregulation. The present study evaluates the efficiency performance of fifteen Indian general insurance companies for the period 2011/12 - 2016/17 using a robust nonparametric approach. The study also seeks to explain efficiency by considering the influence of environmental variables on the efficiency scores. The results indicate that efficiency is positively related to ownership, insurer age, market share, and return on equity but negatively related to size.
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Raghavan, Achal. "Going Global and Taking Charge: The Road Ahead for the Indian Manager." Vikalpa: The Journal for Decision Makers 33, no. 4 (October 2008): 61–68. http://dx.doi.org/10.1177/0256090920080405.
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Till a few years back, the term “MNC” (Multinational Corporation) in India meant an organization with its headquarters located outside of India, and having a presence in India as a part of its global network. In other words, in Indian eyes, “MNC” meant a “foreign” company which has come into India. In recent times, however, the business world has seen the emergence of a new breed of companies which is beginning to be referred to as “Indian MNCs.” The Indian MNC is a company which is Indian in origin, now spreading its wings to set up operations in various markets around the world. Increasingly, Indian MNCs have resorted to mergers and acquisitions (M&As) as a favourite method for jump-starting their global expansion. Tata Steel, Hindalco, Suzlon, Bharat Forge, and Sundram Fasteners are typical examples of such Indian companies. As more Indian companies push ahead with their aggressive global growth strategies, many middle and senior management personnel in these organizations are faced with significant challenges. They have to “go global and take charge” in a very short time, and learn how to manage complex businesses on a global scale. They need to acquire the managerial skills needed to deal with varied customer needs and diverse competitive forces; learn to work with team members from different cultural backgrounds; and also learn how to manage the companies that have been acquired through the M&A route. In this article, we take a look at these new challenges the Indian manager has to face in this era of globalisation of emerging Indian MNCs, and suggest some strategies to cope with them. We examine the elements of the “global mindset” that is becoming essential for the Indian manager's success, and explain the key dimensions of three research-based models that will help him understand cultural differences that prevail across the globe. We also examine some real-life examples of the strategies that Indian MNCs have begun to adopt, as they pursue their vision of becoming global leaders in their industries.
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Kumar, Arvind. "A Commentary on Corporate Social Responsibility and Natural Disasters in India." Asia-Pacific Journal of Management Research and Innovation 13, no. 3-4 (September 2017): 132–40. http://dx.doi.org/10.1177/2319510x18776397.
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The purpose of this study was to evaluate the role of top 100 Indian companies in natural disasters and identify best practices of corporations in India. Results are derived from secondary data collected from websites, newsletters and annual reports of the companies. Three natural disasters were taken for the study from the year 2013–15. It is observed that most of the companies have been engaged in disaster relief activities for social and ethical reasoning. These activities included financial help, stake holder consultation and partnerships with NGOs, non-profit organizations (NPOs) and the government. Corporations also help in disaster management simply by engaging in their regular business. This study analyzes the role of corporations in natural disasters from a corporate social responsibility (CSR) perspective and discusses the possible way of coping with natural disasters by Indian companies. The research findings will be very useful for Indian companies, Confederation of Indian Industries (CII), National Disaster Management Authority (NDMA), and Government, after the enactment of Companies Act 2013. It would be very helpful for normalcy of human life and business. It analyses only top 100 Indian company’s contribution. It lacks the reflections of the other countries.
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Wang, Jenny, and Keith Hooper. "“To be or not to be”: Impairment practices among Indian listed companies." Corporate Ownership and Control 11, no. 4 (2014): 184–92. http://dx.doi.org/10.22495/cocv11i4c1p3.
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India is converging its practices to be consistent with IFRS, but in the case of goodwill impairment how much consistency is there among Indian companies and auditors, and how much impairment has been disclosed. The paper investigates these questions. Arguably, the issue of how India writes-down goodwill is important as Indian companies and the Indian share market are influential throughout the world. It is a question of recognition, measurement and disclosure. The findings are that different methods of writing down goodwill are recognised implying different methods of measurement. There is even more inconsistency around disclosure as nearly half of the top 50 companies analysed on the Bombay exchange failed to mention any write down of goodwill. Some companies claimed that they were testing for impairment but no case of actual impairment was reported. This, in spite of some compaines reporting declining earnings and share price
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Singhania, Monica, and P. K. Gupta. "Globalisation of accounting standards and competitive posture of Indian companies." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 59, no. 2 (2011): 279–90. http://dx.doi.org/10.11118/actaun201159020279.
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Unification of the global financial reporting system is essential to enable comparability of financial statements at the international level in post crisis competitive environment. IFRSs are increasingly gaining acceptance as global accounting standards. With European Union adopting the IFRS in 2005, as on date over 116 countries have already either converged their accounting standards with IFRS or adopted IFRS as such and many more are in the process. Countries refusing IFRS are likely to be viewed as more risky by the international investors thereby affecting the inflow of capital to such countries. In India, the Institute of Chartered Accountants of India (ICAI) the apex body dealing with accounting standards has declared the roadmap of IFRS convergence in a phased manner from April 1, 2011. Our paper highlights the status of Indian accounting standards converging to IFRS as of now. In addition, a full fledged theoretical framework is developed showcasing, the convergence timeline, the major differences in the treatment of select items under these two alternative accounting environments, exact stage at which the Indian accounting standards are today in view of the announced convergence to IFRS and the legal and regulatory issues in converging to IFRS in India. We investigate the case of 150 odd firms and show the impact of convergence on financial ratios and the related valuation concerns. Finally, we indicate the strategic implications of IFRS adoption to Indian companies.
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Pandey, Ajay Kumar, and Manjushree Ghodke. "Barriers to viability of Indian power distribution companies." International Journal of Energy Sector Management 13, no. 4 (November 4, 2019): 916–34. http://dx.doi.org/10.1108/ijesm-10-2018-0006.
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Purpose The purpose of this paper is to develop an interpretive structural modeling (ISM) of barriers related to viability of Power Distribution Companies (discoms) in India. Design/methodology/approach Feedback from the Experts of Indian power sector has been taken as the basis to develop the model for barriers to viability of discoms, where major barriers have been identified through extent review of literature and through discussions with experts in the power sector keeping the viability of discoms in focus, and the hierarchical structure of barriers has been developed using ISM. Findings An interpretive structural model has been developed for discom-related factors (barriers) affecting its viability. The hierarchical structure portrays the impeding factors of viability and showcases that lack of regulatory effectiveness, inadequate tariffs and lack of government’s expenditures on power sector are the key barriers. Research limitations/implications This paper has implications for both practitioners and academics. For practitioners, it provides an indicative list of major barriers affecting the viability of Indian discoms. For academics, the methodology used provides a mechanism to conduct an exploratory study by identifying the key variables of interest and emphasizing their interactions through hierarchical structures. Originality/value The proposed model for barriers to viability of discoms developed through qualitative modeling technique is a pioneering effort altogether in the context of power distribution companies in India. Understanding contextual relationships among key barriers to viability of discom’s is neglected in existing literature, and this paper makes a contribution in this regard.
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Bhattacharya, Sanjay, Kirankumar S. Momaya, and K. C. Iyer. "Bridging the gaps for business growth among Indian construction companies." Built Environment Project and Asset Management 11, no. 2 (February 12, 2021): 231–50. http://dx.doi.org/10.1108/bepam-08-2020-0135.
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PurposeSuccessful handling and delivery of projects requires commensurate growth in the business capabilities of construction companies. The current scenario of exponential infrastructure boom in India necessitates scaling up to meet the challenges of competitiveness. The objectives of this study are to (1) identify the enablers of sustainable business growth among Indian construction companies, (2) identify gaps in the deployment of the enablers in comparison to competitive successful international construction companies and (3) suggest strategic initiatives to top management of companies and policymakers for promoting business growth and industry competitiveness.Design/methodology/approachA detailed literature review first identifies an adapted framework for enablers of growth and growth performance of successful international construction companies on basis of industry trends. Thereafter, a questionnaire survey was administered on the leading construction companies in India to assess the deployment of enablers and gaps thereof. A total of 108 valid responses were obtained from top management executives of the companies and analysed through descriptive statistics and hypothesis testing.FindingsStudies indicate that anticipation of new demands and capabilities; business opportunity scanning and human resource skills and capabilities are among the most important enablers of growth. The role of leadership vision and focus on development of human resources is critical to competitiveness and growth. The successful international construction companies have delivered growth utilising their ability to deploy multiple strategies, diversification and new business opportunities. These are sparingly deployed by Indian companies.Research limitations/implicationsThe study is limited to the opinion and perceptions of the top management personnel of the construction companies.Practical implicationsHigh economic growth context offers a unique opportunity for domestic Indian construction companies to leverage. The valuable insights gained from this study provide hints to the top management of these companies to draw managerial implications for facing the challenges ahead and delivering projects in the dynamic and hyper-competitive construction industry. The policymakers on their part are responsible to support and promote initiatives for sustainable growth.Originality/valueThe study suggests business growth enablers to construction companies in India to improve their international competitiveness.
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Singh, N. P. "Competitive Landscape of Mobile Telecommunications Tower Companies in India." International Journal of Interdisciplinary Telecommunications and Networking 2, no. 1 (January 2010): 49–81. http://dx.doi.org/10.4018/jitn.2010010104.
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With the entry of 3G and WiMAX players, the Indian mobile subscriber base is expected to reach 1110 million by the end of 2015. To meet mobile infrastructure demand, India will require approximately 350,000 to 400,000 mobile telecommunications towers in the next 7 to 8 years. Presently only 40% of mobile telecommunications towers are shared in India. The high growth of subscribers and initial cost of mobile telecommunications towers and license conditions will force mobile network operators to share infrastructure with other mobile network operators, specifically with new operators. The Indian government has allowed sharing of passive and active components of mobile telecommunication infrastructure. With the changing demand of the telecommunications infrastructure, many new telecommunications tower business entities and companies and mobile telecommunications tower business models are being explored. In this paper, the author presents the landscape of the mobile telecommunications tower industry in India, which consists of four types of companies and trends with respect to the strategies of telecommunication tower companies, especially tenancy ratio. Emerging features of the mobile telecommunication towers industry in India are also presented.
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Mansi, Mansi, Rakesh Pandey, and Carolyn Stringer. "Biodiversity reporting in India: a view from the top." Corporate Ownership and Control 12, no. 1 (2014): 418–27. http://dx.doi.org/10.22495/cocv12i1c4p5.
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The purpose of this study is to explore the biodiversity reporting practices inside Indian companies. Biodiversity reporting studies across Indian companies are important because India has a wealth of biodiversity assets, that is, wildlife, flora, fauna, natural habitats, rare and endangered species and biological resources, and accounts for 7.8% of the global recorded species (Biological Diversity Act, the Biodiversity Rules, Andhra Pradesh Biodiversity Board, 2009). There are approximately 45,500 species of plants, 91,200 species of animals and 5,550 microbial species documented in India (National Biodiversity Authority, 2014). The International Union for the Conservation of Nature (IUCN) has listed 132 species of animals and plants in the Critically Endangered Category (Sudhi, 2012). To date, the literature omits to explore the biodiversity reporting practices inside Indian companies. Another important reason to conduct is this study is that India has alarming population levels; thus there is a huge demand for land, energy, and resources, which leads to massive biodiversity loss, deforestation, and habitat destruction. It is very likely that with the limited land mass and increasing population in India, several ecosystems, wildlife, flora and fauna will be/have been exploited, disturbed, and endangered. Given the high potential impact on biodiversity by industries, we are concerned that there is a dearth of biodiversity reporting studies within the Indian subcontinent. We concentrate on the largest companies (based on market capitalisation) because similar to Van Liempd and Busch (2013), we also expect that the largest companies have the greatest impact on biodiversity; therefore, they are expected to show more accountability to their stakeholders. Therefore it is worth exploring how Indian companies are engaging in biodiversity reporting practices (e.g. biodiversity conservation, biodiversity protection, habitat and ecosystem conservation); and whether these organisations are disclosing their impact(s) (both in quantity and quality) on biodiversity (such as wildlife, flora and fauna). Moreover, India has also been classified as one of 17 mega-diversity countries by The World Conservation Monitoring Centre which account for more than 70% of the planet’s species (Williams, 2001). All these reasons make this study timely and important.
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Swadia, Bhavik U. "A Comparative Study of Profitability of Selected Pharma Companies of India." Journal of Business Administration Research 7, no. 1 (March 27, 2018): 27. http://dx.doi.org/10.5430/jbar.v7n1p27.
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The Indian pharmaceutical industry is growing rapidly in the number of production, value, quantity, units and there are two main things that appear to conform to the story of the full growth of the Indian economy. Second, there has been a major change in the very basic system of pharmaceutical business in India. By issuing a patent ordinance, India fulfills WTO's commitment to identify foreign product patents from January 1, 2005, the culmination of the 10-year process. In this new scenario, Indian pharmaceutical manufacturers will not be able to manufacture patented drugs, which they have been doing for a long time, though by another process. This study has been done for important evaluation of India's pharmaceutical industry. This study focus on to analyse the profitability of the selected pharmaceutical companies of India and to study the relation between the pharmaceutical companies for various measures of profitability. The study period is ten years from 2007-08 to 2016-17. Based on the study it can be seen that pharmaceutical companies had a very good profitability in 2008, while the weakest profitability of all time in year 2015.
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Ganguly, Aniruddha. "HR Dynamics in Family-managed Businesses in India." NHRD Network Journal 13, no. 1 (January 2020): 48–61. http://dx.doi.org/10.1177/2631454119894742.
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Out of the 100 largest companies listed in India in terms of market cap, more than 50 per cent are family managed. Indian family-managed companies have a distinct organisational culture. Organisational culture shapes and re-shapes people management, influenced by several factors—stage of evolution of the organisation, environmental/economic challenges and owner family culture. The way the owner family conducts itself embodies family governance. Family governance influences corporate governance. Human resource management (HRM) is an essential element of corporate governance. Nature of HRM in family-managed companies is significantly influenced by the way the owner family drives it. Some of the large Indian family-owned companies are consistently high on market cap because they are able to attract and retain the best talent. They can do this consistently because the best talent gets attracted to the best HR practices in an organisation. There is increased awareness of this among Indian owner families and they are now adopting world-class people practices to attract the best talent from the market. Soon we shall have many more Indian family-owned companies indistinguishable from western family-owned companies in terms of people practices.
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Mohamed, Dr P. Chilar, and R. Guru Murthy. "Life Assurance Industry in India: A Study on Marketing Strategies of Indian Insurance Companies." Indian Journal of Applied Research 2, no. 2 (October 1, 2011): 24–26. http://dx.doi.org/10.15373/2249555x/nov2012/9.
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Rowden, Rick. "Indian Companies Engaged in Agricultural “Land Grabbing” in Africa: The Need for Indo-african Solidarity Linkages." Human Geography 4, no. 3 (November 2011): 72–87. http://dx.doi.org/10.1177/194277861100400305.
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Indian agricultural companies have been involved in the recent trend in large-scale overseas acquisitions of farmland, criticized as “land grabbing”. India has joined China, Kuwait, Saudi Arabia and South Korea among other nations heavily investing in large-scale agricultural projects in Africa and elsewhere. Several factors are driving India's effort to “outsource its food production,” including the Government's growing strategic concerns about ensuring long-term food security and concerns about falling ground water tables. Eager developing country governments have also courted Indian agricultural investors, offering special incentives, including offers to lease massive tracts of arable land on very generous terms at much cheaper rates than land and water in India. The Indian Government has supported this trend through high-level trade diplomacy, foreign aid, and subsidized credit for its agricultural companies investing overseas. Critics call the trend “land grabbing” and claim there have been negative impacts on local peoples, who are often displaced in the process. The public disclosure of lease contracts between the Ethiopian Government and five Indian investors sheds light on the negative ethical, political, human rights and environmental consequences for local people in host countries. New and ongoing advocacy strategies are discussed, including the idea to establish international advocacy linkages between Indian activists fighting for small farmers rights and addressing “land grabbing” actions within India, and small farmers in Africa and elsewhere facing similar problems. One idea is for such linkages to inform Indian citizens who can take action to address the problem of land-grabbing by Indian companies operating overseas. International land rights advocates see a common struggle in which land deals must involve transparent and participatory relations between governments, companies and local democratic communities.
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Dash, Mihir, and Arpana Muthyala. "Cost Efficiency of Indian Life Insurance Service Providers using Data Envelopment Analysis." Asian Journal of Finance & Accounting 10, no. 1 (March 8, 2018): 59. http://dx.doi.org/10.5296/ajfa.v10i1.12199.
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This study examines the cost efficiency of Indian life insurance service providers using Data Envelopment Analysis. The study was performed for a sample of fifteen of the major life insurance companies in India, accounting for 94.77% of the total market for life insurance in India, over the period of 2010-17. The study extends the scope of cost efficiency by disaggregating the premium collection into components. Also, to provide more detailed insights, the efficiency of the life insurance companies is also analysed with respect to each input and output individually.The results of the study show that the most efficient Indian life insurance companies are Life Insurance Corporation, which has been consistently 100% efficient throughout the research period, followed by SBI Life and ICICI Prudential Life, which have also shown consistently high efficiency over the research period. On the other hand, the least efficient life insurance companies are Max New York Life, followed by PNB Met Life, Reliance Life, and Bharati AXA Life. The results of the study also indicate the strengths and weaknesses of the Indian life insurance providers.
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Uzma, Shigufta Hena. "Corporate governance practices: global convergence and Indian perspective." Qualitative Research in Financial Markets 10, no. 3 (August 6, 2018): 285–308. http://dx.doi.org/10.1108/qrfm-12-2016-0049.
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Purpose This paper aims to study from three perspectives: the developed countries corporate governance (CG) practices, the role of OECD in the global convergence of CG standards and India as an emerging country. Design/methodology/approach The paper reviews the various CG codes and regulations enacted in the Indian paradigm with special reference to the Indian Companies Act 2013 (cited as Act 2013). Findings The Act 2013 endeavours to provide a governance landscape in India with reforms. The new CG codes comprehensively introduce more accountability, transparency and stringent disclosure requirements. However, these changes are affected by the ownership structure, the level of enforcement and regulatory compliance of CG disclosure practices imposed on companies. Research limitations/implications Further research can be carried out in three domains in emerging countries: ownership structure, the effect of legal and regulatory environment and impact of mandatory compliance. Practical implications Legal and regulatory environment are notable extent that can effectively govern the CG codes. An increase in the board size, investor protection and gender diversity, with strong governance structure, can enhance the transparency of companies. Originality/value The paper examines the prominence of CG norms with the ratification of the Indian Companies Act 2013, which is analogous with global CG policies and regulations.
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Kamble, Dr Nabha. "An analytical study on impact of international financial reporting standards on financial statements and ratios of Indian companies." YMER Digital 21, no. 01 (January 17, 2022): 261–66. http://dx.doi.org/10.37896/ymer21.01/24.
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India is one of the emerging economies in the world. For economic development, foreign direct investment (FDI) is needed, to facilitate the investment climate. There is a need to integrate its financial reporting with rest of the economies of the globe so that investors from outside will appreciate the financial results and financial positions of the companies. This will provide uniformity and comparability of financial statements with the financial statements prepared in other countries. At present, Indian companies are preparing their financial statements as per Generally Accepted Accounting Principles in India (Indian GAAP). These Principles are based on IFRS issued by International Accounting Standard Board (IASB). However, these principles were modified substantially as per Indian laws and practices.
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Sahoo, Bimal Kishore. "Ownership, size, and efficiency: evidence from software companies in India." Benchmarking: An International Journal 23, no. 2 (March 7, 2016): 313–28. http://dx.doi.org/10.1108/bij-02-2013-0024.
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Purpose – The purpose of this paper is to discuss the trends in relative efficiency of software companies in India during 1999-2008 by applying input-oriented data envelopment analysis (DEA) model. Based upon the PROWESS Database of Centre for Monitoring Indian Economy (CMIE), the efficiencies were estimated for the Indian, multinational and group companies. Also, relationship between efficiency and size is examined. Design/methodology/approach – The study applied DEA to measure relative efficiencies of software companies and two different DEA models, CCR and BCC, were applied to evaluate the relative efficiency of the sample software companies in India. Comparisons of efficiency scores based on ownership were carried out by applying ANOVA and t-statistics. Findings – The mean overall technical efficiency (OTE) of the software industry in India during 1999-2008 was low at 0.477. The mean pure technical efficiency for the industry for the study period was found to be 0.654 suggesting that software firms, on an average, were wasting 35 per cent of their inputs. It was observed that the Indian-owned companies have relatively high OTE score as compared to foreign owned and group owned companies. The mean OTE score of PI companies was found to be greater than the other two categories. In terms of, size it is observed that medium sized companies performance better. Practical implications – Software companies can use DEA to examine their performance against the best performers in the industry. Software industry in India, which is doted by large number of small firms in the lower part of the size pyramid, needs to increase their size to improve their efficiency. Originality/value – Research on measurement of service sector export oriented industry efficiency is limited. This paper is one of the few published studies examined service sector performance. This paper fills the gap in the literature by applying DEA in software industry in India and compares performance in terms of ownership and size.
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Daizy, Daizy, and Niladri Das. "Sustainability Reporting Practices In Indian Mining Companies." Current World Environment 10, no. 2 (August 24, 2015): 641–55. http://dx.doi.org/10.12944/cwe.10.2.30.
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Nowadays sustainability reporting can be used for communication purpose in marketing and to show transparency of the company (Kolk, 2000). These types of reports published by organization to disclosed more information on non-financial performance. These report highlighted the company’s commitment towards stakeholders. Various industries throughout the world started disclosing non-financial performance (sustainability reporting) by using various different types of frameworks like Dow Jones index or global Reporting Initiative. In the 21st century sustainability reporting becomes important but in India it’s still in nascent stage. Out of all industries mining should be disclose information on the non-financial performance because of put direct negative impact on society and environment. Moreover mining is considered as one of the most polluting industries in the world. The objective of this paper is to examine and compare the level of sustainability reporting of sample private mining companies and sample public mining companies as GRI framework. It involves an explorative research design to understand the trend and variation in the quality and extent of sustainability disclosure information by top 100 Indian mining companies.
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Ramachandran, J., Habil F. Khorakiwala, Jerry Rao, Pramod Khera, Niraj Dawar, B. N. Kalyani, and Rajnish Karki. "Indian Companies in Overseas Markets: Perspectives, Patterns, and Implications." Vikalpa: The Journal for Decision Makers 29, no. 4 (October 2004): 93–112. http://dx.doi.org/10.1177/0256090920040408.
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During the previous decade, the nature and dynamics of Indian companies' engagement with the overseas markets have gone through a shift. Overseas expansion and competitiveness are increasingly dependent on firm level capabilities rather than on national endowments in traditional products or commodities. Two meta-trends are driving the presence, growth, and competitiveness of Indian companies in overseas markets. One, the process of liberalization and globalization of Indian economy has led to the development of competitive capabilities by Indian companies and has brought about intensive interaction with global corporations, professionals, capital, ideas, and practices. Two, the transforming impact of information and communication technology (ICT) on the world of business has resulted in the emergence of new types of businesses and new ways of organizing. The context and timing bestow Indian companies with a set of advantages and challenges. This panel discussion has the benefit of six cogent contributions-from academics who have intimately researched the phenomenon to practitioners who have led their organizations and have created substantial presence in overseas markets. Some of the major patterns and conclusions that the colloquium converges upon are as follows: From comparative to competitive advantage: With shift towards advantages based on availability, lower cost and skills of the technical and scientific manpower, Indian companies' need to create complementary skills and the success are governed by competencies developed within a company and aspirations of its top management. Favourable ‘push’ and ‘pull’ conditions for overseas successes: For an increasing number of industries, Indian companies are reaching the point of having global advantages-favourable factor conditions, domestic demand characteristics comparable to that overseas, presence of ancillary and supportive skills, and pervasive confidence for looking beyond domestic markets. On the ‘pull’ side, from the situation of Indian origin being a handicap, the world has come to acknowledge ‘India advantage.’ Three strategy types for Indian companies in overseas markets: ‘Outsourcing,’ where the domestic market is either very small or unattractive; ‘Internationalization,’ where companies are aiming to expand market or balance business downturns and risks of domestic market; and, ‘Multinationalization,’ where companies are aiming to create sustainable competitive position in several geographies. Differing requirements of the institutional and the retail customers: Joint ventures are generally not viable for institutional customers, while being a useful option for reaching the latter-with benefits related to local knowledge, capital, brand, and distribution. Organizing for growth and capability building: Structure for the three strategy types is different and a ‘dual-core’ model could balance requirements of risk-taking in new areas with efficiency in stabilized activities. While carrying Indian imprint, the culture will be company-specific and should be allowed to evolve in a directed way. Critical role of conviction-laden leadership: This is a common element across all the Indian companies that have made overseas breakthroughs and the leadership traits of being clear, fundamentals oriented, and planned need to be supplemented with international orientation and preparedness for longer haul for success in overseas markets. While the first meta-trend has just started manifesting itself in overseas expansions of Indian companies, ICT positions and embodies them with powerful competitive advantages internationally. The events of last decade are just the beginning towards the emergence of Indian corporations that operate worldwide and, more importantly, hold significant and leading positions globally in a large number of industries.
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Murmura, Federica, and Laura Bravi. "Developing a Corporate Social Responsibility Strategy in India Using the SA 8000 Standard." Sustainability 12, no. 8 (April 24, 2020): 3481. http://dx.doi.org/10.3390/su12083481.
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In today’s global markets, issues related to Corporate Social Responsibility have greater importance on business performance, and international standards are defined as tools for companies to internalize their sustainability requests. The aim of this paper is to understand how the Social Accountability 8000 (SA 8000) standard is managed by developing countries, focusing on Indian certified companies, analyzing, in detail, of the motivations and benefits that prompted them to certification and barriers to its implementation. The research is based on a qualitative multiple case study. A total number of six companies participated in the research. The study showed that one of the main reasons for Indian companies of being SA 8000 certified is the willingness to satisfy the request for greater transparency on the part of stakeholders and the market in general. The study shows that by certifying SA 8000, Indian textile companies want to be promoters of a more sustainable and ethical way of doing business. The value of the research lies in the decision to focus on the Indian market, and in the textile sector, since India is the first country with the largest number of SA 8000 certified companies among developing countries and its textile industry is relevant all around the world.
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Rao, Dr M. Venkateswara, and Dr V. Narayana Rao. "Challenges for Indian Companies in the Financial Services KPO BusinessChallenges for Indian Companies in the Financial Services KPO Business." Indian Journal of Applied Research 3, no. 12 (October 1, 2011): 330–32. http://dx.doi.org/10.15373/2249555x/dec2013/100.
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Uma Mageswari, S. D., R. Chitra Sivasubramanian, and T. N. Srikantha Dath. "A comprehensive analysis of knowledge management in Indian manufacturing companies." Journal of Manufacturing Technology Management 28, no. 4 (May 2, 2017): 506–30. http://dx.doi.org/10.1108/jmtm-08-2016-0107.
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Purpose The purpose of this paper is to ascertain the current status of knowledge management (KM) adoption in the Indian manufacturing organizations and to develop a comprehensive research model to investigate the impact of enabling conditions for KM and the impact of KM on organizational performance through structural equation modelling. Design/methodology/approach A descriptive research design is adopted and primary data are collected through structured questionnaire. In total, 251 responses were obtained from the top- and middle-level managers and the structural relationships in the research model were tested using the partial least squares method. Findings The results revealed a moderate adoption of KM by the manufacturing companies. Also, a significant impact of the enablers on KM processes is observed. It is found that Indian manufacturing is operating in labour-intensive traditional methods and KM is still in its infancy. The impact of KM on the performance is moderate and contradicting the extant literature, the impact of KM on innovation is found to be weak. Research limitations/implications The study is carried out in companies located in India and hence generalizing the findings should be done with caution. The sample is dominated by small- and medium-sized enterprises (SMEs) which may have implications for the findings. Practical implications As manufacturing companies in the developing countries such as India experience a greater competition in the globalized economy, adoption of KM will perk up the performance of the organizations. Practicing managers need to create a culture that facilitates KM adoption. Policy makers shall support SMEs in technology adoption, R&D, skill development and so on. Originality/value Previous KM studies in India are fragmented and analysed KM processes and KM enablers in isolation. Also, the holistic studies on KM literature focussed only on one or two facets of KM. A study which investigates the interactions between KM enablers, KM processes and organizational performance and innovation is scarce. The scarcity of empirical studies on KM and a dearth of understanding of the KM concept led to this maiden attempt to provide a comprehensive understanding of KM framework in the Indian manufacturing sector. A validated structured questionnaire for exploring KM practices in the Indian context is developed. Though the importance of the influence of external factors is theoretically emphasized, an empirical investigation is first of its kind.
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Bhatia, Meena, and Bhawna Agarwal. "Intellectual Capital Disclosures in IPO Prospectuses of Indian Companies." International Journal of Social Sciences and Management 2, no. 1 (January 25, 2015): 40–51. http://dx.doi.org/10.3126/ijssm.v2i1.11685.
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The study is based on companies that went through IPO on the Bombay Stock Exchange (BSE) and/or National Stock Exchange in the period 2011-2012. The paper applied a disclosure index comprising of 78 items to quantify the amount of information regarding intellectual capital included in the IPO prospectuses of Indian companies. The sum of disclosed score is divided by 78 to arrive at the index. For disclosure index content analysis is used. Multiple regression model and Correlation is used to examine the significance and association between disclosure index with independent variables. The main objective of this paper is to study the extent of intellectual capital disclosures in Initial Public offering (IPO) prospectus of Indian companies and also to examine the factors that influence the intellectual capital disclosure. The regression results reveal that of all the independent variables studied i.e. Board size Board independence Size Age Leverage Managerial ownership and Industry differences; Intellectual capital disclosure is influenced by industry differences. India is considered as knowledge economy and has highest contribution in gross domestic product from services sector wherein intellectual capital plays the most important role. As regards intellectual capital the studies have been insufficient. To our knowledge this is the first research on intellectual capital disclosures in IPO prospectuses of Indian companies.DOI: http://dx.doi.org/10.3126/ijssm.v2i1.11685 Int. J. Soc. Sci. Manage. Vol-2, issue-1: 40-51
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Singh, Harvinder, Rashmi Kumar Aggarwal, and Bikramjit Rishi. "Patanjali Ayurved Limited: role reversal in competitive advertising." Emerald Emerging Markets Case Studies 12, no. 2 (April 5, 2022): 1–28. http://dx.doi.org/10.1108/eemcs-01-2021-0027.
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Learning outcomes Leraning outcomes are as follows: demonstrating how companies in the Indian market are using competitive advertising; giving participants an overview of the regulatory framework for advertising in India; highlighting the complexities arising out of the multiplicity of advertising regulations and institutions in India; appreciating the legal and ethical perspectives of advertisements and self-regulation; and evaluating the stance taken by both the parties in this particular case to develop multi-stakeholder perspective. Case overview/Synopsis A recent advertisement by international conglomerate Hindustan Unilever Limited was severely criticized for insulting Indian values by Baba Ramdev, promoter of India's largest Ayurvedic Company selling Indian indigenous and natural alternate medicinal products. It was in a complete reversal of the scenario between 2015 and 2018 when other Indian consumer goods companies complained against advertisements released by Patanjali. Indian fast moving consumer goods sector is witnessing a trend of competitive advertising in which companies are downplaying and criticizing the competitors. Though quite old, this trend caught momentum when Patanjali Ayurved Limited, a new player in the market, started advertising aggressively in 2015–2016. It resulted in many complaints by the aggrieved parties in the industry bodies and different courts of law in India. A part of the confusion comes from the diversity of advertising regulations across different Indian platforms and the absence of a clearly defined institutional framework for resolving such disputes. Consequently, most such disputes land up in the court of law in India. The case study builds an understanding of the legal framework within which companies are governed for brand promotions and creates a contextual ethical dilemma to drive the discourse on advertising through self-regulation in India. Complexity academic level This case is meant to benefit students pursuing a graduate or upper-level undergraduate degree in management or law/business law. Supplementary materials Teaching notes are available for educators only. Subject code CSS 8: Marketing.
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Kumar, Sanjay, Jiangxia Liu, and Jess Scutella. "The impact of supply chain disruptions on stockholder wealth in India." International Journal of Physical Distribution & Logistics Management 45, no. 9/10 (October 5, 2015): 938–58. http://dx.doi.org/10.1108/ijpdlm-09-2013-0247.
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Purpose – Supply chain structure, characteristics, and applicable policies differ between developing and developed countries. While most supply chain management research is directed toward supply chains in developed countries, the authors wish to explore the financial impact of disruptions on supply chains in a developing country. The purpose of this paper is to highlight the importance of effective supply chain management practices that could help avoid or mitigate disruptions in Indian companies. The authors study the stock market impact of supply chain disruptions in Indian companies. The authors also aim to understand the difference in financial implications from disruptions between companies in India and the USA. Design/methodology/approach – Event study methodology is applied on supply chain disruptions data from Indian companies. The data are compiled from public news release in Indian press. A data set of 301 disruptions for a ten-year period from 2003-2012 is analyzed. Stock valuation of a company is used to assess the financial impact. Findings – The results show that Indian companies on average lose −2.88 percent of shareholder wealth in an 11-day window covering the event day and five days pre- and post-disruption announcement. A significant stock decline was observed as early as three days prior to announcement, indicating possibility of insider trading and information differentials between investors. Irrespective of the location and responsibility of a disruption, companies experience significant negative returns. Company size, book-to-market ratio, and debt-to-equity ratio were found to be insignificant in affecting the stock market reactions to disruptions. The authors also compiled supply chain disruptions data for US companies. When compared to the US companies, Indian companies register a significantly higher stock decline in the event of a disruption. Research limitations/implications – Supply chain disruptions data from India and the USA are analyzed. Broad applicability of results across countries may require studying other developing countries. The research demonstrates potential effectiveness of investment in supply chain management initiatives. It also motivates research focussed specifically on supply chains in developing countries. Practical implications – Supply chain decision makers in India could benefit from investment in disruptions management and mitigation practices. The results provide a valuation of effective supply chain management. The findings provide guidance for investors in making decisions when supply chains face disruptions. Originality/value – The paper studies the financial consequences of supply chain disruptions in a developing country. The study is valuable because of increasing globalization, outsourcing, and the economic role of developing countries.
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Kumar, Mohnish. "EXPERIMENTATION IN THE INDIAN KNOWLEDGE CREATING COMPANIES." Effulgence-A Management Journal 18, no. 1 (January 1, 2020): 1. http://dx.doi.org/10.33601/effulgence.rdias/v18/i1/2020/1-10.
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Krishnaswamy, Aishwarya. "Sustainability Reporting and Performance of Indian Companies." Management Accountant Journal 54, no. 8 (August 31, 2019): 86. http://dx.doi.org/10.33516/maj.v54i8.86-90p.
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Shin, Jinyoung, Jaesin Oh, and Dae-Yul Jeong*. "Analyzing Social Marketing Characteristics of Indian Companies." International Journal of Business Policy and Strategy Management 7, no. 1 (June 30, 2020): 17–24. http://dx.doi.org/10.21742/ijbpsm.2020.7.1.02.
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Haldar, Arunima, Reeta Shah, and S. V. D. Nageswara Rao. "Gender diversity in large listed Indian companies." Corporate Ownership and Control 12, no. 3 (2015): 573–80. http://dx.doi.org/10.22495/cocv12i3c5p8.
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This paper aims to examine the effectiveness of gender diverse boards on financial performance in large listed Indian companies by taking a resource dependency perspective. Gender diverse board is measured by presence of the independent female director on the board. Further, financial performance is measured by the market performance measure taking Tobin’s Q. This relationship is examined by collecting information for eleven financial years from 2003 -13. Panel regression model is employed to assess the proposed relationship. The analysis confirms that independent gender diverse boards significantly affect financial performance. Another important revelation of the study is that the financial performance of company having gender diverse boards increases with board size