Jatin Goyal, Rajdeep Singh, Harpreet Kaur and Kanwaljeet Singh
The purpose of this study is to comprehend the efficiency levels of the Indian textile industry and also its sub-sectors in the light of changing global and national business…
Abstract
Purpose
The purpose of this study is to comprehend the efficiency levels of the Indian textile industry and also its sub-sectors in the light of changing global and national business environment. It is imperative to study the efficiency levels of textile industry for an emerging economy like India, where the industry contributes up to 13 per cent in export earnings, 10 per cent in total industrial production and 2 per cent in gross domestic product (GDP). The study holds an important place in the wake of phasing out of the quota regime existing under the Multi Fibre Agreement (MFA) and the rising competition being faced from countries such as Bangladesh, Vietnam and Cambodia.
Design/methodology/approach
The present study attempts to have an in-depth analysis of the efficiency levels in the Indian textile industry using meta-frontier data envelopment analysis, which is a non-parametric linear programming based frontier technique.
Findings
The findings highlight that the Indian textile industry is inefficient and has a huge scope of improvement in terms of efficiency. It also confirms the existence of different production functions among the sub-sectors of the industry. Among the different sub-sectors, the proximity of production frontier of readymade garments is the closest to meta-frontier followed by cotton and blended yarn, man-made fibre, cloth and others.
Practical implications
The findings bear strong implications for the policymakers in their attempt to regain the lost competitive position of the Indian textile industry and to enhance its contribution in the economy. As per the findings, policymakers should target the relatively inefficient sub-sectors of textile industry (cloth, man-made fibre, cotton and blended yarn) to infuse more efficiency in these sectors to enhance the market share of the Indian textile industry in the global textiles market.
Originality/value
The current study is a unique addition to the sparse literature on managing efficiencies in the textile industry, particularly of emerging economy like India. Looking at the methodological and geographical coverage of the previous work, it was found that no study has explored and analysed the efficiencies of the sub-sectors in the Indian textile industry using meta-frontier analysis. Therefore, this study will be the first of its kind which seeks to fill such gaps and intends to enrich the available literature.
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Dinesh Jaisinghani, Harwinder Kaur, Jatin Goyal and Mahesh Joshi
The purpose of this paper is to examine the degree of persistence of firm performance for publicly listed firms in Indonesia. The study also explores the impact of marketing…
Abstract
Purpose
The purpose of this paper is to examine the degree of persistence of firm performance for publicly listed firms in Indonesia. The study also explores the impact of marketing expenditure on firm’s performance.
Design/methodology/approach
The data comprise 165 listed firms operating in Indonesia over the period 2007–2016. Dynamic panel regression estimations using Arellano and Bond (1991) and Blundell and Bond (1998) techniques have been deployed to generate the results.
Findings
The findings show the existence of positive persistence and sub-optimal level of competition in the performance of Indonesian firms. The results highlight that marketing intensity has a positive and significant impact on firm performance. The positive persistence hints at creation of substantial entry and exit barriers by the Indonesian firms and also indicate that Indonesian firms are able to create behavioral inertia among their consumers by properly directing their marketing efforts.
Practical implications
There is a need on the part of management to strengthen the short-term profit capabilities to nurture long-term benefits of profit maximization. On the regulators part, the authorities should frame the policies to foster long-run competition.
Originality/value
The current study contributes to the sparse literature on persistence of firm performance in the context of emerging economies like Indonesia. This is the first study on persistence of firm performance for publicly listed firms in Indonesia.
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Keywords
Religion plays an important role in promoting and inhibiting consumption of goods and services. Halal food, for instance, represents one such food permitted by Islam. Within a…
Abstract
Purpose
Religion plays an important role in promoting and inhibiting consumption of goods and services. Halal food, for instance, represents one such food permitted by Islam. Within a broader category of consumers for religiously sanctioned products such as halal food, young consumers represent an important segment, as they have a high lifetime value, thereby requiring special attention. This study aims to identify and examine individual and social factors that can foster young consumer’s engagement for halal products.
Design/methodology/approach
An inductive research approach using the Gioia method has been used to develop broader themes for discussion. The authors have also proposed a model for engaging young consumers for religiously sanctioned dietary products.
Findings
The paper provides empirical insights into the interplay of identities and value sources that encourages or forbids consumer engagement for halal products.
Practical implications
Globally, the halal food industry has been estimated to be worth $580bn, and it is growing at an average rate of 7 per cent annually. Marketers, thus, need to be aware of diverse consumers’ needs to provide a customized offering; they have to cater to adherent customers of these religiously sanctioned products by being sensitive to intricacies that make such food items consumable. The study will help marketers to better align their promotional strategies with the needs and requirement of young consumers.
Originality/value
In this paper, the authors have operationalized repeated interaction and associated consumption in the context of halal food to understand how religion and other factors play a role in strengthening or weakening consumer engagement. To the best of the authors’ knowledge, no study has been done to understand young consumer’s engagement for halal food products in the Indian context. India being a land of multi-religion and multi-culture, such studies can provide rich insights.