Amitava Mondal and Santanu Kumar Ghosh
The purpose of this study is to investigate empirically the relationship between intellectual capital and financial performance of 65 Indian banks for a period of ten years from…
Abstract
Purpose
The purpose of this study is to investigate empirically the relationship between intellectual capital and financial performance of 65 Indian banks for a period of ten years from 1999 to 2008.
Design/methodology/approach
Reserve Bank of India's database and Annual reports, especially the profit and loss accounts and balance sheets of the banks for the relevant years have been used to obtain the data. Value added intellectual coefficient (VAIC™) method is applied for measuring the value based performance of banks. Return on assets (ROA) and return on equity (ROE) are used to measure the profitability and productivity of Indian banks, measured by assets turnover ratio (ATO). The intellectual capital (human capital and structural capital) and physical capital of selected banks have been analyzed and their impact on corporate performance has been measured using multiple regression technique.
Findings
The analysis indicates that the relationships between the performance of a bank's intellectual capital, and financial performance indicators, namely profitability and productivity, are varied. The study results suggest that banks’ intellectual capital is vital for their competitive advantage.
Research limitations/implications
The study uses only 65 leading Indian banks, including foreign banks operating in India. The value added intellectual coefficient (VAIC™), introduced by Pulic, is used in this study as a basic methodology to measure the IC performance of banks.
Practical implications
The VAIC™ method can be used as an important tool by the decision makers in the knowledge economy to integrate the intellectual capital in the decision making process.
Originality/value
This is one of the first empirical researches in India that examines the impact of IC on financial performance of the Indian banking sector in the long term.
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Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination of some…
Abstract
Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination of some legal aspects concerning MNEs, cyberspace and e‐commerce as the means of expression of the digital economy. The whole effort of the author is focused on the examination of various aspects of MNEs and their impact upon globalisation and vice versa and how and if we are moving towards a global digital economy.
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Health-care supply chains must focus on efficient deployment of resources for ensuring optimal supply chain performance. With efficient supply chain (SC) performance, health-care…
Abstract
Purpose
Health-care supply chains must focus on efficient deployment of resources for ensuring optimal supply chain performance. With efficient supply chain (SC) performance, health-care entities would be able to address their patients’ requirements with great speed. This is the essence of health-care agility. Hence, the purpose of this paper is to focus on developing health-care agility through human capital, that is, innovative idea generation capabilities and specialised knowledge possessed by the firm employees. Because information technology (IT) capabilities play a dominant role in information exchange crucial to supply chain operations; the study considered the moderating role of three IT capabilities, viz. outside-in, spanning and inside-out IT capabilities on human capital and health-care SC performance association, and on health-care supply chain performance and health-care agility association.
Design/methodology/approach
Because the constructs used in the study mainly deals with issues specifically related to hospitals and their associated supply chains, the study collected perceptual responses from senior hospital managers. Perceptual responses were received through face-to-face interviews with 212 hospital managers working in different hospitals. The collected responses were analysed using confirmatory factor analysis and structural equation modelling.
Findings
Findings suggests positive influences of human capital on health-care SC performance and health-care agility. Furthermore, health-care SC performance was also found to result in enhanced health-care agility. The study further revealed positive moderation of outside-in, spanning and inside-out IT capabilities on human capital and health-care SC performance association and on health-care SC performance and health-care agility association.
Originality/value
The study addressed the importance of human capital in providing faster services to patients (i.e. agility) in health-care supply chains through improved SC performance. Furthermore, the study addressed the importance of different IT capabilities that enhance the importance of human capital in providing efficient and faster services through efficient SC performance.
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Vishakha Pareek, Santanu Chaudhury and Sanjay Singh
The electronic nose is an array of chemical or gas sensors and associated with a pattern-recognition framework competent in identifying and classifying odorant or non-odorant and…
Abstract
Purpose
The electronic nose is an array of chemical or gas sensors and associated with a pattern-recognition framework competent in identifying and classifying odorant or non-odorant and simple or complex gases. Despite more than 30 years of research, the robust e-nose device is still limited. Most of the challenges towards reliable e-nose devices are associated with the non-stationary environment and non-stationary sensor behaviour. Data distribution of sensor array response evolves with time, referred to as non-stationarity. The purpose of this paper is to provide a comprehensive introduction to challenges related to non-stationarity in e-nose design and to review the existing literature from an application, system and algorithm perspective to provide an integrated and practical view.
Design/methodology/approach
The authors discuss the non-stationary data in general and the challenges related to the non-stationarity environment in e-nose design or non-stationary sensor behaviour. The challenges are categorised and discussed with the perspective of learning with data obtained from the sensor systems. Later, the e-nose technology is reviewed with the system, application and algorithmic point of view to discuss the current status.
Findings
The discussed challenges in e-nose design will be beneficial for researchers, as well as practitioners as it presents a comprehensive view on multiple aspects of non-stationary learning, system, algorithms and applications for e-nose. The paper presents a review of the pattern-recognition techniques, public data sets that are commonly referred to as olfactory research. Generic techniques for learning in the non-stationary environment are also presented. The authors discuss the future direction of research and major open problems related to handling non-stationarity in e-nose design.
Originality/value
The authors first time review the existing literature related to learning with e-nose in a non-stationary environment and existing generic pattern-recognition algorithms for learning in the non-stationary environment to bridge the gap between these two. The authors also present details of publicly available sensor array data sets, which will benefit the upcoming researchers in this field. The authors further emphasise several open problems and future directions, which should be considered to provide efficient solutions that can handle non-stationarity to make e-nose the next everyday device.
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The importance of big data analytics (BDA) on the development of supply chain (SC) resilience is not clearly understood. To address this, the purpose of this paper is to explore…
Abstract
Purpose
The importance of big data analytics (BDA) on the development of supply chain (SC) resilience is not clearly understood. To address this, the purpose of this paper is to explore the impact of BDA management capabilities, namely, BDA planning, BDA investment decision making, BDA coordination and BDA control on SC resilience dimensions, namely, SC preparedness, SC alertness and SC agility.
Design/methodology/approach
The study relied on perceptual measures to test the proposed associations. Using extant measures, the scales for all the constructs were contextualized based on expert feedback. Using online survey, 249 complete responses were collected and were analyzed using partial least squares in SmartPLS 2.0.M3. The study targeted professionals with sufficient experience in analytics in different industry sectors for survey participation.
Findings
Results indicate BDA planning, BDA coordination and BDA control are critical enablers of SC preparedness, SC alertness and SC agility. BDA investment decision making did not have any prominent influence on any of the SC resilience dimensions.
Originality/value
The study is important as it addresses the contribution of BDA capabilities on the development of SC resilience, an important gap in the extant literature.
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– This paper aims to examine whether Andersen’s audit quality in the five years preceding its collapse lagged that of other Big-Five auditors.
Abstract
Purpose
This paper aims to examine whether Andersen’s audit quality in the five years preceding its collapse lagged that of other Big-Five auditors.
Design/methodology/approach
This paper compares Andersen’s audit quality and the other Big-Five auditors using five methodologies, namely, earnings response coefficients, magnitudes of abnormal accruals, propensities to issue going-concern opinions, usefulness of going-concern opinions in predicting bankruptcy and the frequency of Accounting and Auditing Enforcement Releases. The comparisons are based on both pooled samples of all observations and propensity-score-based matched-pairs.
Findings
The preponderance of evidence shows that Andersen’s audit quality did not differ materially in audit quality from other Big-Five auditors prior to its failure. However, it was found that Andersen’s independence was compromised in the year leading to its collapse (2000), as indicated by the lower likelihood to issue going-concern opinions.
Originality/value
This paper complements and improves on Cahan et al. (2011) by using more measures of audit quality, as no one measure is perfect, showing that their results using discretionary accruals are sensitive to the model used and showing that there is a more powerful direct measure of audit quality, namely, going-concern opinions.