Ramaa Arun Kumar and Mahua Paul
This study aims to estimate total factor productivity (TFP) growth for the post-2008 period for selected industries in the manufacturing sector at NIC 3-digit. Total factor…
Abstract
Purpose
This study aims to estimate total factor productivity (TFP) growth for the post-2008 period for selected industries in the manufacturing sector at NIC 3-digit. Total factor productivity growth (TFPG) estimates are based on the theoretical framework provided by studies such Hall (1988), Abraham et al. (2009) and Crepon et al. (2005) that incorporate market imperfection in labour and product market, thereby modifying the traditional TFP estimation as Solow Residual.
Design/methodology/approach
Based on the theoretical model that incorporates market imperfections in labour as well as product market in modifying the TFP estimates using the Levinsohn–Petrin framework of empirical estimation, the authors have calculated industry wise TFPG for 62 industries at NIC 3-digit level.
Findings
The study finds three distinct trends: first, there are considerable industrial disparities in productivity growth in terms of TFP. The estimates have been found to be higher than the conventional Solow Residual for most industries, indicating the role played by market imperfections in affecting the conventional measure of productivity growth. Second, estimates of bargaining power are found to be lower than those compared to the earlier estimates in Maiti (2013) for the Indian organised manufacturing case for 1998-2005. This observation is commensurate with the observation in recent years of a falling share in labour wage in total output in organised manufacturing sector. Finally, the study also found a statistically significant contribution of greater mechanisation on TFPG while an adverse effect of the rising dependence of organised manufacturing on contractual labour.
Originality/value
The role of market imperfections in measuring TFPG has been undertaken, and it has been found to be an important factor, as the estimated measures vary from the conventional measures of TFPG. Moreover, the study has considered a very recent period from 2008-2015 in estimating TFPG, as well as analysing the factors behind the trends in TFPG at industrial level.
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The purpose of this paper is to synthesize the diverse literature on board demographic diversity and to provide avenues for future research.
Abstract
Purpose
The purpose of this paper is to synthesize the diverse literature on board demographic diversity and to provide avenues for future research.
Design/methodology/approach
The study provides a comprehensive literature review of theoretical and empirical studies published in leading management journals from 1989 to 2015.
Findings
The literature review revealed several aspects that are related to board demographic diversity. These aspects have been classified into: definitions and types of board diversity, dimensions of board demographic diversity, measurement and outcomes of board diversity, reasons for existing conflicting empirical findings about the relationship between board diversity and firm dynamics, and research on mediators and moderators.
Originality/value
Issues pertaining to board demographic diversity identified in this paper have theoretical and practical implications, and include avenues for future research.
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Abstract
Purpose
This paper aims to provide a detailed review of various cutting fluids (CFs).
Design/methodology/approach
Friction and wear are inevitable in machine parts in motion. The industrial sector uses various kinds of lubricants, which include engine oils, CFs, hydraulic fluids, greases, etc. to control friction and wear. The main purpose of using CF is to remove heat produced during machining and to reduce cutting forces, tool wear and energy associated with it. Thus, it increases the productivity and quality of the manufacturing process. But more than 80% of the CFs used in the industries now are mineral oil-based. These mineral oils and additives are highly undesirable because of their toxicity, nonbiodegradability, pollution and ecological problems. Hence, these petroleum-based oils in the lubrication system can be substituted with alternatives such as vegetable-based CF. Several studies are being conducted in the field of eco-friendly CFs. Because of the variance in fatty acid profile and availability, the selection of vegetable oils (VOs) is another problem faced nowadays. The present study is focused on bio-based oils and many eco-friendly additives. Various machining processes and comparisons relating to the same have also been made. The aim is to minimize the use of mineral oil and thereby introduce sustainability in production.
Findings
In this present study, bio-based oils, additives and various characteristic behavior of them in machining are being discussed. The VOs are found to be a potential base oil for industrial CFs.
Originality/value
This paper describes the importance of sustainable CFs.
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In the wake of inconsistent findings between board diversity and firm performance, the purpose of this paper is to advance the research by examining the linear and non-linear…
Abstract
Purpose
In the wake of inconsistent findings between board diversity and firm performance, the purpose of this paper is to advance the research by examining the linear and non-linear nature of the relationship between board demographic diversity (gender, age, tenure, and education) and firm performance in Indian knowledge-intensive firms (KIFs).
Design/methodology/approach
This study uses a panel data set of top KIFs in India that is listed in National Stock Exchange’s Top-200 list for the period 2010-2014.
Findings
Results indicate that there exists a positive linear relationship between the overall board demographic diversity index (board gender, age, tenure, and education) and firm performance. Among the effects of individual board diversity variables, the authors have found that board age diversity positively whereas education diversity negatively influences firm performance. Furthermore, gender diversity and tenure diversity do not significantly influence the firm performance.
Research limitations/implications
This study is based on the following demographic factors: gender, age, tenure, and level of education. The authors did not include other demographic variables such as nationality and language.
Practical implications
This research would help knowledge-intensive companies in designing their corporate boards. The results indicate that companies should have more diverse boards to enhance firm performance.
Originality/value
To the best of the authors’ knowledge, this is the first research to examine the effect of the overall board diversity index and individual board demographic diversity indices (gender, age, education, and tenure) on firm performance in the context of KIFs in India.
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Justin Paul, Arun Mittal and Garima Srivastav
In today’s world, with increased competition, service quality has become one of the most popular areas of academic investigation. The purpose of this paper is to examine the…
Abstract
Purpose
In today’s world, with increased competition, service quality has become one of the most popular areas of academic investigation. The purpose of this paper is to examine the impact of various service quality variables on the overall satisfaction of customers and compare the private and public sector banks using a sample from India.
Design/methodology/approach
With the help of forward stepwise regression, the authors explain how a variety of variables are both negatively and positively influencing customer satisfaction. The authors collected data from 500 respondents in India; 250 of which were customers of private sector banks, and 250 of which were customers of public sector banks. The authors had a response rate of 65 percent.
Findings
In the case of private sector banks, knowledge of products, response to need, solving questions, fast service, quick connection to the right person, and efforts to reduce queuing time were found to be the factors that are positively associated with overall satisfaction. Assistance to the customer, appearance, and follow up are negatively associated with customer satisfaction. On the other hand, in the case of public sector banks, knowledge of the product and fast service are the factors which are associated positively and appearance is the only factor that is negatively associated.
Originality/value
The components of service quality that are positively associated are not the same in public sector banks as they are in private sector banks.
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Minati Sahoo, Dharmabrata Mohapatra and Dukhabandhu Sahoo
The purpose of this paper is to study the impact of mining on the livelihood of the inhabitants of Keonjhar district in Odisha, through creation of physical and financial capital…
Abstract
Purpose
The purpose of this paper is to study the impact of mining on the livelihood of the inhabitants of Keonjhar district in Odisha, through creation of physical and financial capital using the sustainable livelihoods framework.
Design/methodology/approach
Principal component analysis technique and discriminant analysis were used to assess the impact of mining on the financial capital. A cross-tabulation analysis with χ2-test has also been carried out to find its impact on physical capital.
Findings
The study reveals that though iron ore mining helps in the augmentation of financial capital of the households, its impact on physical capital is mixed. Households in mining villages enjoy higher average annual and per capita income than those in nonmining villages. There is also a significant difference in the financial capital index of mining and nonmining villages. Even owning of physical assets like TV and motorcycle is significantly higher in mining villages than its nonmining counterparts. But mining has failed to develop the infrastructural facilities and has rendered most of the agricultural land uncultivated.
Originality/value
It is difficult to sustain the benefits arising out of mining over long run due to its finite life span and calls for policy interventions that can lead to sustainable livelihood to the local inhabitants.
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Subhadip Roy and Subhalaxmi Mohapatra
The present case study discusses the multi-branded strategy of hotels by the Indian Hotels Company Limited (IHCL) in 2012. The brand architecture of the group in 2012 consisted of…
Abstract
Synopsis
The present case study discusses the multi-branded strategy of hotels by the Indian Hotels Company Limited (IHCL) in 2012. The brand architecture of the group in 2012 consisted of four brands, namely Taj, Vivanta, Gateway and Ginger. However such brand architecture posed quite a few challenges for the group such as positioning, sustain the different brands and avoiding brand dilution since both The Gateway and Vivanta had a tag “by Taj” which could erode the premium associations of the parent brand.
Research methodology
The case is based on secondary research and has been developed using published information collected from online and offline sources. Wherever required, written permission has been obtained from the copyright holders (Exhibits VII-IX). Direct quotes have been properly cited from original sources.
Relevant courses and levels
This case could be a part of the Marketing Management course in an undergraduate Program in Business Management. The specific topics which could be facilitated through this case are Segmenting, Targeting and Positioning. The case could also be a part of a Brand Management course in the same program for specialized subjects where it could illustrate the concept of Brand Architecture. In case of an Executive Education Program, this case can be used to facilitate issues in Marketing as well as Brand Management.