Abstract

Although the antecedents of governance mechanisms have been studied in depth in manufacturer-distributor and procurement literatures, using transaction cost, resource-based view, and socio-political frameworks. Do the guidelines provided by these frameworks hold true for logistics-based exchanges as well? Regression analysis is used to test a key relationship-driver from each of these frameworks, namely, asset specificity, logistics capability, and dependence and their relationships with two social governance mechanisms of commitment and information sharing. In order of importance, logistics capability is positively related to both the dependent variables; asset specificity is of secondary importance and positively related to information sharing only. The impact of dependence is non-significant.

Abstract

The central variables of this paper are value, net income (wealth creation), book values (wealth accumulated), and dividends (wealth distribution). This paper provides a conceptually useful foundation for the study of net income, book values, and dividends as to how these variables relate to equity value. The discussion makes the case that the analysis is also of empirical interest. This paper systemized overview of the Ohlson 1995(O95) literatures. The paper considers situations in which price equal capitalized forward net income add growth in net income and book values. Accounting, or the financial reporting model, has its own rules, and these make their presence felt all the time. The CSR has a role to interlock the book values and net income. Book values differ from net income because the latter need a capitalization factor to be of the same order of scale as book values. Dividends decrease market value on a dollar-for-dollar basis as dividends (A) decrease book value similarly on a dollar-for-dollar basis but (B) do not affect the expected residual income series. This paper shows further that the value replacement property tangles closely with the idea that dividends decrease subsequent periods’ expected earnings. That is, the more the dividends today pay out; the less the book values accumulate today. The less the book values accumulate today; the less the future net income will come tomorrow. Finally, this paper studies two simple ideas. First, one can use residual income valuation model to predict stock value. Second, mathematical zero-sum series equality provides the analytical starting point and ensures analytical simplicity. These two ideas combine to yield many closed- form valuation models. Without violating the PVED precept, one obtains explicit and basic models relating market value to book value and income.

Abstract

The benefits of information and communication technologies (ICTs) have flowed mainly to particular groups: to the rich rather than the poor; more to men rather than women.  However, there are signs that ICTs may be able to reach across these divisions, delivering both economic and social benefits to some of the most excluded groups, such as women in poor communities. In this research paper we are only focusing and analyzing the major activities of the ICT based micro enterprises under the aegis of Kudumbashree, demographic profile of women members working ICT micro enterprises, analysis on member strength and average sales performance ICT micro enterprises, analysis on women ICT micro enterprises relationship with  stakeholders and support of agency  to ICT enterprises.

Abstract

This study investigates the impact of shareholders’ fund on bank performance in the Nigerian deposit money banks (formerly known as commercial banks- 1986-2006). The study captured their performance indicators and employed cross sectional and time series of bank data obtained from Central Bank of Nigeria (CBN).The formulated models were estimated using ordinary least square regression method. The study identified a positive relationship between shareholders fund and bank loan. We also find that there is significant relationship between shareholders’ fund and banks’ liquidity, bank deposits, and bank loans. The efficiency of management measured by operating expenses is negatively related to return on capital. The implication of this study, among others, is that adequate shareholders fund can serve as a veritable stimulant in strengthening the performance of Nigeria deposit money banks and also heighten the confidence of customers especially in this era of global economic melt-down that has taken its toll in the Nigerian financial system.

Abstract

Conflict, though often unsettling, is a natural part of collective human experience. It can leave participants ill at ease, so it is often avoided and suppressed. Yet conflict, when well managed, breathes life and energy into relationships and can cause individuals to be more innovative and productive. Conflict is present everywhere whether we like it or not. Researchers must find ways to legitimize critique and controversy within organizational life. This paper examines cognitive conflict within the context of different industrial sectors. Here conflict is employed as a means to promote individual and organizational learning and growth.

Abstract

Financial markets play an important role in the process of economic growth and development by     facilitating savings and channeling funds from savers to investors. There are various factors that influence the functioning of the financial markets. Thus, Stock prices are subjected to fluctuations. These fluctuations can be caused by either any event occurred inside the company or by any macroeconomic factor. This project studies few of the many such events that influences stock market returns.

The Sector Chosen for this is the Indian IT Sector and the Companies chosen are Infosys, Wipro, TCS and HCL. The Indian IT Sector is one of the Sunshine Sectors in India. The Indian Information Technology (IT) Industry has played a major role in putting India on the global map and is now slated to become a US$ 225 Billion Industry by 2020.Over the past decade, the Indian IT-BPO sector has become the country’s prime growth engine, achieving quite a few milestone in terms of Revenue Growth, Value Creation and Employment Generation in addition to becoming the Global brand ambassador for India.

The paper tracks the stock market returns before and after the Company specific events like Earnings Guidance Announcement, Bonus Issue and Dividend of the various IT companies of India for the past 5 years. The paper then tries to explain the movement of such stock returns due to the impact of these events and see how volatile the market becomes. The methodology used in the paper is “Standard Event Technique” which is specially used to track event based studies. The metric used is Average Abnormal Return and Average Security Returns Variability.