Management Journal for Advanced Research
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How Job Satisfaction is Influenced by Work Place Environment: An Empirical Study
Get PDFThis study refers to how job characteristics, work environment, pay satisfaction, and advancement opportunities influence employee’s job satisfaction. The study results showed that job clarity, effective communications with management, a participatory management approach, organizational support of career development, opportunities for advancement, and family-friendly policies are all significant variables affecting the job satisfaction of employees. The effect of pay satisfaction on employee job satisfaction was not significant. This study also found gender differences in factors affecting employee’s job satisfaction.
The purpose of this research was to measure the effect of work motivation on employee job satisfaction in Madhyanchal Vidyut Vitran Nigam Limited (MVVNL), Lucknow. A Self-administered questionnaire consisting of several measures was employed to gather data from the technical and supporting employees who work in different sections of the MVVNL like the distribution, maintenance, office, area chief engineer and sub Stores of Lucknow. The gathered data were utilized to test the model using the PLS-SEM approach with Smart PLS. The results showed that the essential features of work motivation are manager’s leadership styles, motivation practices, employee job expectations, reward management system and working environment, whereas the identified consequence was employee job satisfaction. All five variables had a positive effect on job satisfaction and among them, employee job expectations and manager’s leadership style had the highest influence and the reward management system had the least influence on job satisfaction. Further, this study offers thoughts for managers by pinpointing the critical factors influencing that motivate employees in MVVNL
Contribution of All India Investment Institutions (LIC, UTI and GIC) in the Development Finance: Case of India
Get PDFThe paper examines the performance of All India Investment Institutions contributed to development finance from 1970 to 2022. The secondary data from IDBI Development Bank Report and RBI annual report is retrieved and analysed. Simple descriptive techniques are used in the analysis of assistance sanctioned and disbursed to obtain output. The trends of financial assistance sanctioned and disbursed, growth patterns of assistance sanctioned and disbursed, pattern of sanction-disbursement ratio, and unused funds of investment institutions are analysed. Life Insurance Corporation (LIC), Unit Trust of India (UTI) and General Insurance Corporation (GIC) have played important roles as an all-India investment institution. The result reflects that Unit Trust of India contributed fifty per cent of the total loan contribution followed by LIC till the financial year 2002-03. UTI stopped contribution from 2003-04, then the burden shifted to LIC and GIC. The LIC has been bearing the maximum burden of investment contribution from 2003-04 and has touched a hundred per cent. The GIC never touched the line of UTI and LIC, and since 2017-18 it has stopped investment contributions. Currently, only LIC is contributing to institutional investment for development projects as an All-India Investment Institution. Other investment firms of the government and private sector must take lessons from the successful journey of LIC on one side, and understand the causes of the UTI crisis on the other side
Reviewing the Factors Distressing Consumers Buying Behaviour During COVID-19 Pandemic with Special Reference to Kolkata using Principal Component Analysis
Get PDFThe authors make an effort to empirically reviews the factors distressing consumers buying behaviour during the COVID-19 pandemic with special reference to Kolkata by applying the principal component analysis. The study is conducted from August 29, 2022, to February 6, 2023, using a convenient sampling technique. Different statistical tests like principal component analysis (PCA), Cronbach’s alpha, along with frequency statistics are used for the analysis of the data using IBM SPSS Statistics 21. The study is both primary and secondary in nature. The Kaiser-Meyer-Olkin Measure of Sampling Adequacy is close to 1 and Bartlett\u27s Test of Sphericity is significant in nature. Moreover, 9 factors were retrieved from the existing 38 questions. Hence, it was concluded that the factors of taste and preferences, discouraging offline purchases, after-sale service, purchasing decision, the role of reference groups, change in purchase behaviour, searching the information, the role of family members, and meeting expectations are the decisive factors distressing the consumer buying behaviour in Kolkata during the COVID-19 pandemic
A Study of Recent Accounting Trends in India\u27s Corporate Sector with Special Reference to International Financial Reporting Standards
Get PDFAccounting is the process of keeping track of monetary transactions and data in a structured, consistent, and understandable style so that stakeholders in a business or organization may make informed economic decisions. Early forms of accounting used clay tokens to keep track of products and livestock, but the discipline has since evolved into a sophisticated system for recording a wide variety of financial transactions and details. The first step toward IAS, or International Accounting Standards, was done in 1959. Since then, accounting groups and others have collaborated to form the International Accounting Standards Committee. In 1997, the IASC was restructured to better enable the convergence of various national accounting standards and practices toward a single, high-quality set of global accounting standards. Established in 1973, it issued the foundational documents for what is now known as International Accounting Standards until the year 2000. As the International Accounting Standards Committee (IASC) was abolished in 2001, the International Accounting Standards Board (IASB) was tasked with publishing international accounting standards. The integration of global financial markets and the need of investors for more uniformity in the financial reports of multinational firms both demand the globalization of IFRS
Working Capital Management and Firm Profitability: An Empirical Review
Get PDFWorking capital management is very important for the survival of a company no matter the size of that company. Inadequate working capital or illiquidity is a major issue confronting Many Nigerian companies. The main objectives of this study is to review the impact of working capital management on the profitability. The variables used in the study were cash conversion cycle, accounts receivable, inventory and accounts payable proxies to working capital management while, return on equity and return on assets as proxies to profitability. The study adopted conceptual approach where data collected from already existing data on the impact of working capital management on profitability. it is quite clear that a positive correlation exists between working capital management and firms’ profitability. Finally, a company which maintain sufficiently low inventory levels will reduce the holding cost of the inventory which results to higher profitability. The managements of companies should improve their cash conversion cycle, focus more on credit transactions with their vendors, and decrease their receivables days’ by offering a discount to those who paid early and those paid in advance, and should maintain optimum level of inventory in order to maximize their profitability
The Goals, Structures, and Student Motivation: An Active Learning Approach
Get PDFSince India gained its independence, the necessity for management education has become increasingly apparent, and the number of educational institutions offering management education has skyrocketed. In fact, the knowledge substance of the curriculum becomes less significant in the postmodern model of higher education, where knowledge is frequently out of date before it can be employed (Kinman et al., 2007), compared to the significance of motivation to study management and the capacity to always stay current. Due to the modern business environment, internationalization of management education is another alternative that has been taken into consideration. A lot of work is now being done in relation to the depth, scope, and delivery of modules
Systematic Literature Review: On Green Innovation
Get PDFGreen innovations (GI) help reduce the negative impact on the environment. Because of their dynamic activities and resulting in more economic performance, customers are willing to pay the premium price for environmental health products. Hence, GI is an important tool for businesses to increase their market share and sustainability. The objective of this article is to identify research gaps in green Innovation and to discuss future implications. This study used the systematic literature review (SLR) methodology and the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) guidelines. Following the predetermined inclusion criteria, 60 articles from the Google Scholar and lens.org databases, were included for review as the findings research gaps were identified namely theoretical gaps, thematic area gaps (empirical gaps) contextual gaps, and methodological gaps. Further, it provides some theoretical and future research implications. This study contributes to the body of knowledge on green innovation by addressing significant knowledge gaps. This knowledge contributes to future researchers designing and carrying out a study to fill these identified research gaps and practitioners who need to benefit from an understanding of the different aspects of GI
ARIMA-Based Forecasting of S&P BSE SENSEX Returns
Get PDFInvestment in the stock market requires a delicate balance between profitability and risk management, with risk aversion playing a vital role. This study explores the ARIMA forecasting method to predict S&P BSE SENSEX returns, providing valuable insights for investors and financial experts. Using a 3-year dataset, the ARIMA (3,1,1) model was identified as the optimal choice. Diagnostic checks confirmed its reliability, ensuring unbiased and accurate forecasts. In static forecasting, the model exhibited high-quality performance with low error rates. Dynamic forecasting further revealed precision in predicting future values. While the ARIMA model aids in making informed financial decisions, it\u27s crucial to acknowledge its limitations. This research contributes to the understanding of stock market forecasting methodologies, benefiting investors and analysts in navigating this dynamic landscape
Financial Inclusion and the Growth of Micro and Small Businesses
Get PDFFinancial inclusion participants are those individuals or businesses involved in either direction of a financial transaction, whether they are financially included or financially excluded. Money often travels through the banking system, post offices, insurance, and FBFC channels. The MSE operates savings, current, or loan accounts with banks and engages in financial transactions with other government financial agencies as well as some NBFCs in the private sector. Through a number of recent initiatives from the Indian government and banking sector, including MNREGS, Jandhan, Atal Pension Yojna, MUDRA, and others, financial inclusion has performed better than before. Exclusive financial inclusion programmes for MSE credit include the MUDRA plan, credit programmes for MSE, KVIC, and Coir businesses, the Kishan credit card, and the General Credit Card. Less than 40% of MSEs receive benefits from scheduled commercial banks; as of 2017–18, the lending institutions only provided credit facilities totaling Rs. 1337 billion. The current situation and possibilities for financial inclusion at a certain level of employment and unit density are examined in the article
Human Resource (HR) Practices - A Comprehensive Review
Get PDFThe Human Resource (HR) practices are critical cornerstone in contemporary organizational management. The field of HR has evolved significantly over the years, transitioning from a primarily administrative function to a strategic partner in achieving business objectives. Today, HR professionals are responsible for aligning HR practices with the organization\u27s goals, ensuring that the right talent is in place, and creating a culture that supports high performance and employee well-being. Amidst the world of Technology, even HR is having its analytical wing and almost all function of HR is getting routed through the HR Analytics domain.
This comprehensive review, led by researchers, delves into the multifaceted landscape of HR practices, exploring their significance, evolution, and benefits on organizational success. With a focus on both theoretical frameworks and real-world applications, the researchers examine the spectrum of HR practices, ranging from recruitment and selection to performance management and employee development. Employing a Descriptive and Exploratory Research design, this study encompasses both Primary and Secondary data. Primary data takes the form of interviews with HR Heads from five companies, offering insights into the HR practices of organizations. The research aims to understand the essence and significance of HR practices, while also investigating the benefits these practices bring to organizations. This study provides valuable insights into HR practices and highlights their adaptive nature in various organizational contexts. The analysis presented in this paper serves as a resource for HR professionals, managers, and researchers seeking to enhance their understanding of HR practices that drive organizational excellence. By critically assessing best practices, challenges, and emerging trends, this research contributes to the broader discussion on HR practices\u27 impact on organizational success