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1 – 10 of 23Debadutta Kumar Panda, Kaushik Bhattacharjee, Debmallya Chatterjee and Sankarshan Basu
Primary agricultural cooperative credit societies (PACSs) in India are considered to be the backbone of the last mile delivery of rural credit for landless and marginal farmers…
Abstract
Purpose
Primary agricultural cooperative credit societies (PACSs) in India are considered to be the backbone of the last mile delivery of rural credit for landless and marginal farmers and the poorest sections of the society. Contribution of PACS in social welfare is well documented. However, in spite of being such important form of organization at the grass root level, the authors find a typical baffling phenomenon which is fluctuating growth of PACS. Given that PACS have not been able to establish a consistent growth rate, thus hindering its trajectory to become a strong and consolidated organizational form, it is natural to investigate and identify those success factors that are critical for a newly formed PACS to survive and sustain. Hence it is necessary to undertake a strategic assessment of the function of PACS and hence identify those critical success factors (CSFs). This paper aims to address this issue.
Design/methodology/approach
The authors review the existing literature and conduct interview with experts and other stakeholders with the purpose to gain a view of the strategic situation of PACS in India, especially with respect to their birth and death processes and identify a set of factors that are critical to the survival and sustenance of PACS. Based on the inputs from the experts, we modelled the interrelationships amongst these CSFs using interpretive structural modelling (ISM). Further, fuzzy Matriced’ Impacts Croise's Multiplication Appliquée a UN Classement (MICMAC) analysis is performed to cluster these CSFs into four quadrants based on their influence and dependence in the system.
Findings
The findings point out that a hierarchical interconnected structure exists amongst the CSFs that influence the survival and sustenance of the PACSs. “Quality and Motivation of Management” was found to be driving all other factors so far the survival of any PACS is considered. Also the authors have found that “Loan Recovery” is the most sensitive factor that needs to be taken care of for the sustenance of PACS. These findings are in the expected line and commensurate with the conventional wisdom yet to be documented till date.
Originality/value
It is a forward-looking analysis that tries to find out the CSFs for the survival of PACS in order to face the changing economic scenario of India which is still agrarian in nature. Both in terms of research question as well as methodology, to the best of the authors’ knowledge, this is first of its kind so far PACS are concerned being one of the most important but neglected entities in India; so far the last mile rural agricultural credit delivery is concerned, this study will help the policy makers to develop a holistic viewpoint in relation to long term sustenance of PACS.
Peer review
The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-05-2022-0331
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Geeta Singh, Kaushik Bhattacharjee and Satish Kumar
The purpose if this paper is to examine the turn-of-the-month effect in the equity market of three major emerging countries – Brazil, India and China – from January 2000 to…
Abstract
Purpose
The purpose if this paper is to examine the turn-of-the-month effect in the equity market of three major emerging countries – Brazil, India and China – from January 2000 to December 2017.
Design/methodology/approach
Ordinary least square regression analysis is used to examine the presence of the turn-of-the-month effect and to test the efficiency of the emerging stock markets. The characteristics of the returns during the turn-of-the-month days are compared with that of the non-turn-of-the-month trading days.
Findings
The average returns during turn-of-the-month days for all the considered emerging market indices are significantly higher than the non-turn-of-the-month days for the full sample. For the subsample analysis, the average returns for Brazil and India for pre-GFC period are higher on the turn-of-the-month days than on the non-turn-of-the-month days. However, the effect disappears in China during the GFC period. During the crisis period, the results show that the turn-of-the-month effect disappears in Brazil and India, whereas for China, the effect is significant. For the post-GFC period, the-turn-of-the-month effect reappears for all the countries.
Practical implications
The results have important implications for both traders and investors. The authors’ results indicate that the market participants can time the stock markets of these countries by taking long positions especially during the times when the turn-of-the-month effect is highly significant.
Originality/value
To the best of the authors’ knowledge, this paper is the first to study the turn-of-the-month effect, in the key emerging countries such as Brazil, China and India. Second, the authors divide the sample into three subperiods based on the 2008 GFC such as pre-GFC, GFC and post-GFC to understand the dynamic behavior of turn-of-the-month effect over time. Most importantly, the authors control for the day-of-the-week effect while examining the turn-of-the-month effect.
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Qiquan Chen, Ji Weng, Stephen Corcoran and Chenhao Fan
The performance of the building envelope of a large-scale public building significantly influences the energy consumption of such a building. This study aims to determine the best…
Abstract
The performance of the building envelope of a large-scale public building significantly influences the energy consumption of such a building. This study aims to determine the best strategy for the envelope by examining the engineering design of the building in Nanchang University. The building shape coefficient, sun-shading strategies, window–wall ratio, roof, and walls were studied through a method involving multilayer feed-forward neural network model simulations. Results show that the optimum shape coefficient value is 0.32. The combination of interior and exterior blinds and electrochromic glass is the ideal option to reduce the increase in the energy consumption of the architecture caused by solar radiation. Maintaining the window–wall ratio at 0.4 is ideal. A green roof exerts a minimal effect on building energy consumption decrease (only 0.4%). Applying the strategy of vertical greening to the external wall can reduce cooling energy consumption by as much as 5.4%. Adopting the best envelope strategy combination can further decrease energy consumption by 20.8%. This strategy is also applicable to the middle and lower reaches of Yangtze River in China, which flow through Nanchang and have a climate similar to that of the said area. Future research should be directed toward applying artificial neural networks to quantitatively evaluate the effects of a design strategy and produce the best design strategy combination.
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Dev Narayan Sarkar, Kaushik Kundu and Himadri Roy Chaudhuri
The present study is aimed at understanding the survival strategies of Subsistence-type Rural Independent retailers, henceforth called SRIs, in the Bottom-of-the-Pyramid (BoP…
Abstract
The present study is aimed at understanding the survival strategies of Subsistence-type Rural Independent retailers, henceforth called SRIs, in the Bottom-of-the-Pyramid (BoP) markets of developing economies through a qualitative study. SRIs constitute a pivotal channel of distribution of goods to BoP consumers living in the rural areas of developing economies. A process of long interviews was chosen for data gathering to allow SRIs to go into details to allow them to expound upon their beliefs, life-situations, and societal norms. Narratives were collected verbatim from SRIs. The concept of socio-economic embeddedness is used as the central concept to interpret and connect the elements, discerned from the narratives, into a conceptual framework. The aforesaid theory combines the neo-classical economic concept of utility maximization with behavioral economics and economic sociology. The analysis of the narratives is interpretive against the identified elements of the concept of economic embeddedness. The survival strategies of SRIs seem to stem from sociological, psychological, and utility-maximizing behaviors. The elements of SRIs’ responses to its environment provide valuable insights into their purchase motivations.
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Anindita Bhattacharjee, Neeru Sidana, Richa Goel, Anagha Shukre and Tilottama Singh
The study will add to the current discourse on the Israel-Hamas conflict by examining the impact of the war on the stock markets of trading partners. Stock market returns…
Abstract
Purpose
The study will add to the current discourse on the Israel-Hamas conflict by examining the impact of the war on the stock markets of trading partners. Stock market returns inevitably rise as globalization keeps integrating financial markets and economies around the world. Thus, the impact of war is assessed across a range of indicators that are similar in some way, such as geographic location, political climate or economic standing. Thus, the goal of this study is to investigate how the Israel-Hamas war affects trading partner countries' stock performance.
Design/methodology/approach
Event study methodology is applied using Morgan Stanley Capital Index (MSCI) as a benchmark index. The influence of the Israel-Hamas war on the world's major stock markets is evaluated using a market model. The study takes into account Israel and its 23 trading partners. To capture the locational asymmetry in the outcome, the countries are further categorized according to their geographic locations. The official declaration of war came on October 7, 2023, a non-trading day. Consequently, October 9, 2023, is designated as the event day in this study. The data was gathered between January 1, 2023, and December 31, 2023, with an estimation period of 140 days taken into account to minimize bias.
Findings
Asymmetric response is shown among the nations due to their economic standing, geographic proximity and trading links with Israel. While Austria, Greece, Egypt, Palestine and Israel had the greatest negative effects, Argentina, Japan and Chile saw significant beneficial effects. The remaining nations had little effect. The market quickly adjusted itself, eliminating anomalous returns.
Research limitations/implications
Taking into account the topic's criticality, the current work has certain limits. The study has used the daily data to limit its reach to the stock market exclusively. In the future, academics can combine high-frequency stock market data with data from other macroeconomic variables, such as currency or different commodities markets, to further their research. Furthermore, a cross-national comparison of the impact in terms of direction and intensity regarding developing global groups such as I2U2, LEVANT, BRICS, MIKTA, SCO, NATO, SAARC and OECD can provide a more comprehensive understanding in this context. To gain insight into the durability and adaptation of financial systems over time, longitudinal studies could be conducted to monitor the long-term effects of geopolitical crises on the stock markets of trading partner countries.
Practical implications
By better managing investment portfolios and evaluating potential risks associated with trading partners involved in such conflicts, investors and businesses can lessen the impact of geopolitical tensions on stock market performance. These results contribute to our understanding of how geopolitical conflicts affect stock markets.
Originality/value
This research provides an extensive analysis of the global impact of Israel-Hamas tensions on stock market volatility by taking into account trading partners. This allows for the investigation of how various market structures and economic systems react to geopolitical turmoil. The present study is one of the first attempts to look into how disturbances in one region might affect continents to better understand the dynamics of global trade and economic interdependencies.
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Kaushik Samaddar and Aradhana Gandhi
The study explores and builds theories in Customer Perceived Values (CPVs) that drive counterfeit buying intention, using a Grounded Theory Approach (GTA) in an emerging market…
Abstract
Purpose
The study explores and builds theories in Customer Perceived Values (CPVs) that drive counterfeit buying intention, using a Grounded Theory Approach (GTA) in an emerging market, India.
Design/methodology/approach
Counterfeit studies have either resorted to a survey approach or modelling approach in investigating various aspects and dimensions. This study, among a few, attempted a GTA in building theory on CPVs. Based on the observations and recorded responses that emerged through several Focus Group Discussions (FGDs); conducted in two metropolitan cities (India), newer insights into this illicit phenomenon of “Counterfeiting” were derived.
Findings
Adding to the counterfeit literature, the study presents a comprehensive view of the CPVs. Findings reveal economic, socio-normative, pleasure-based, euphemistic, acquisition-centrality, self-regulating, situational and sustainable consumption values that influence counterfeit attitudes and in turn impact counterfeit buying intentions. Although Economic Values (ECV) have been the primary motivation for counterfeit purchase, complex and newer values that emerged through this research study bears significance.
Practical implications
As a single point of reference, this study will provide impetus to scholars and academicians in expanding the counterfeit research domain. While aiding policymakers and marketers in further understanding this illicit practice, it will also guide brand managers in strategizing their offerings and reaching out to the masses with strong brand aesthetic values.
Originality/value
Based on a systematic literature review using the 4 Ws framework, this study is one of the few attempts that has adopted a GTA to explore and develop theories on CPVs in counterfeit research.
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Rajasshrie Pillai, Brijesh Sivathanu, Bhimaraya Metri and Neeraj Kaushik
The purpose of this paper is to investigate students' adoption intention (ADI) and actual usage (ATU) of artificial intelligence (AI)-based teacher bots (T-bots) for learning…
Abstract
Purpose
The purpose of this paper is to investigate students' adoption intention (ADI) and actual usage (ATU) of artificial intelligence (AI)-based teacher bots (T-bots) for learning using technology adoption model (TAM) and context-specific variables.
Design/methodology/approach
A mixed-method design is used wherein the quantitative and qualitative approaches were used to explore the adoption of T-bots for learning. Overall, 45 principals/directors/deans/professors were interviewed and NVivo 8.0 was used for interview data analysis. Overall, 1,380 students of higher education institutes were surveyed, and the collected data was analyzed using the Partial Least Squares Structural Equation Modeling (PLS-SEM) technique.
Findings
The T-bot's ADI’s antecedents found were perceived ease of use, perceived usefulness, personalization, interactivity, perceived trust, anthropomorphism and perceived intelligence. The ADI influences the ATU of T-bots, and its relationship is negatively moderated by stickiness to learn from human teachers in the classroom. It comprehends the insights of senior authorities of the higher education institutions in India toward the adoption of T-bots.
Practical implications
The research provides distinctive insights for principals, directors and professors in higher education institutes to understand the factors affecting the students' behavioral intention and use of T-bots. The developers and designers of T-bots need to ensure that T-bots are more interactive, provide personalized information to students and ensure the anthropomorphic characteristics of T-bots. The education policymakers can also comprehend the factors of T-bot adoption for developing the policies related to T-bots and their implications in education.
Originality/value
T-bot is a new disruptive technology in the education sector, and this is the first step in exploring the adoption factors. The TAM model is extended with context-specific factors related to T-bot technology to offer a comprehensive explanatory power to the proposed model. The research outcome provides the unique antecedents of the adoption of T-bots.
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Samiksha Vyas, Jitendra Singh Rathore and Vinod Kumar
This study aims to conduct a systematic literature review on mobile application experience, recognizing its growing importance in research and practical applications. The purpose…
Abstract
Purpose
This study aims to conduct a systematic literature review on mobile application experience, recognizing its growing importance in research and practical applications. The purpose is to address the factors influencing customer mobile application experience in this dynamic environment.
Design/methodology/approach
The study uses the theories, context, characteristics, methodology (TCCM) review framework. This research meticulously analyzes 42 articles published between 2015 and 2023. The selected articles are sourced from prominent journals in widely recognized databases, including Scopus and the Australian Business Deans Council.
Findings
The examination of the pertinent literature culminates in the formulation of the TCCM framework, shedding light on the antecedents, mediators, moderators and outcomes, related to the mobile application experience.
Research limitations/implications
This study pioneers a unified framework for mobile application experience, shedding light on unexplored territories and shaping the trajectory of future mobile application experience investigations. Its emphasis on a strong academic foundation enriches technological marketing literature, offering managers actionable insights aligned with TCCM. This study marks a pivotal contribution, bridging theoretical advancements with practical strategies for the dynamic landscape of mobile applications experience.
Originality/value
This research uncovers overlooked areas and proposes discerning research directions to advance the understanding of mobile applications experience. It addresses a crucial gap in current knowledge and motivates further investigation into the intricate dynamics of mobile application experience.
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Peder Veng Søberg and Brian Vejrum Wæhrens
This paper aims to explore the effect of subsidiary autonomy on knowledge transfers during captive offshoring to emerging markets.
Abstract
Purpose
This paper aims to explore the effect of subsidiary autonomy on knowledge transfers during captive offshoring to emerging markets.
Design/methodology/approach
Five longitudinal cases of captive R&D and manufacturing offshoring to emerging markets.
Findings
The propositions entail the dual effect of operational subsidiary autonomy on primary knowledge transfer and reverse knowledge transfer. For newly established subsidiaries, operational subsidiary autonomy has a mainly negative effect on primary knowledge transfer and a mainly positive effect on reverse knowledge transfer and local collaboration activities increase this effect. Strategic subsidiary autonomy is mainly negative for primary and reverse knowledge transfer.
Research limitations/implications
Limitations concerning the applied exploratory case study approach suggest that further research should test the identified relationships using surveys, after the initial pilot study.
Practical implications
A gradual increase of operational subsidiary autonomy as the subsidiary capability level increases is beneficial to ensure primary knowledge transfer. Allowing subsidiaries to collaborate locally within the confines of their mandates benefits reverse knowledge transfer.
Originality/value
This paper extends the secondary knowledge transfer concept to include knowledge flows with local collaboration partners, not only other subsidiaries and clarifies the distinction between operational and strategic autonomy concerning local collaboration. A subsidiary asserts operational autonomy when its collaboration with local partners relates to its existing mandate. A subsidiary asserts strategic autonomy when it collaborates with local partners beyond this mandate.
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Jayashree Bhattacharjee and Ranjit Singh
The purpose of this paper is to systematically review the literature published on the various aspects of awareness about equity investment. The paper highlights the major issues…
Abstract
Purpose
The purpose of this paper is to systematically review the literature published on the various aspects of awareness about equity investment. The paper highlights the major issues and aspects with respect to equity investment awareness. It also aims to raise specific questions for future research.
Design/methodology/approach
The study is based on secondary information collected primarily through the review of existing literature.
Findings
It is found that the important determinants of equity awareness are demographic, socio-economic and psychological factors. Financial well-being is attributable largely to financial awareness. Growth of the financial market can be credited to equity awareness. Equity awareness enables an investor to make better financial decisions, to appreciate their rights and responsibilities and to understand and manage the risk as an investor.
Practical implications
Policy makers can design the equity awareness campaign considering the different demographic and socio-economic factors. While designing such a campaign, the impact and importance of equity awareness should be illustrated, considering their demographic and socio-economic profile.
Originality/value
This study is the first one using the literature review method in the area of equity investment awareness, in particular, and financial awareness in general. This paper will be useful to researchers, academicians and those working in the area of equity investment awareness and in their understanding about the various aspects of awareness about equity investment. The paper is first of its kind, hence original in nature.
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