Asia-Pacific Business Review

Articles

Vol. 5, No. 1, January-March

Editor's Note
It is a real pleasure to present the first special issue of ABR with theme "Entrepreneurship and Innovation". The call for papers for the special issue got a tremendous response and we received papers from different domains of Entrepreneurship and...
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Science, Engineering and Technology Education: Innovative Paradigm Shift
Introduction World economy is fast changing to 'Knowledge Economy'(1) (Houghton and Sheenan, 2000) and therefore skill trained 'Human Resources' (HR) and scientific and technological Intellectual Properties (IP) related to product and process development...
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Entrepreneurship and Innovation
Introduction According to the National Knowledge Commission (2008), Entrepreneurship is defined as the professional application of knowledge, skills and competencies and / or of monetizing a new idea, by an individual or a set of people by launching...
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Discovering Social Entrepreneurship
Introduction The Art and Science of Entrepreneurship is a major contribution in the area of entrepreneurship. Churchill, (1986) contends that increasing consensus has been attained on the concept of entrepreneurship as the process of uncovering...
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Entrepreneurship and Development Challenges in Papua New Guinea
Introduction The innovation of products, services and processes and the formation of new business enterprises are crucially important to every economy. Innovation and new business development can be initiated by independent individuals or by existing...
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SMEs as Learning Organisations: A Study on Employee Emancipation in Central India
Introduction Emergent India, spurred by its indomitable spirit of globalisation, has accepted the global challenges as opportunities and the role of medium and small entrepreneurs in accelerating the pace of growth. The focus of the government towards...
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Entrepreneurial Characteristics and Behaviour Demonstration-A Comparative Study between Small Scale Manufacturing Entrepreneurs and Service Entrepreneurs
Introduction While policy makers and small-scale entrepreneurs in manufacturing attribute obsolete technologies and management practice as a major barrier for growth and progress, the service sector without doubt has proved that attitude, adaptability,...
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Barriers to Change: A Case Study of Selected Units of Southern Rajasthan
Introduction Driven by internal as well as external factors, Indian organizations are resorting to strategic changes through organizational restructuring, opening new vistas for experts, strengthening the market strategies, distribution network,...
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How Empowering Is Micro Entrepreneurship Developed through Microfinance?
Introduction Entrepreneurship development is seen as one of the important tool to alleviate poverty and reduce gender biases in an economy. As a result, more and more Micro Finance Institutions (MFIs) are providing micro credit to poor people especially...
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Micro Finance-A Tool for Elevation of Social Entrepreneurship through Women Empowerment
Introduction Entrepreneurship as a distinct factor of production contributes to the economic development of an economy. The wide range of significant contributions that entrepreneurship makes to the economic development include promotion of capital...
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A Comparative Study of Opportunities, Growth and Problems of Women Entrepreneurs
Introduction Entrepreneurship has long been recognized as the key to economic growth. The role of entrepreneurs, especially the small scale entrepreneurs who successfully exploit the industrial and commercial opportunities on a small scale can not...
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Influence of Motivational Factors on Women Entrepreneurs in SMEs
Introduction Women entrepreneurs may be defined as the women or a group of women who initiate, organize and operate a business enterprise. The Government of India has defined a woman entrepreneurship as "an enterprise owned and controlled by a woman...
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Women Entrepreneurs: Motivational Factors and Problems (with Special Reference to Western Region in Tamilnadu)
Introduction The Indian traditional set up made a distinction between "Men's" work and Women's work, particularly that of the women with family responsibility. It curtailed the employment opportunity for women in conventional and unconventional...
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Role of Venture Capital in Spurring Innovation and Entrepreneurship
Introduction Venture capital is an investment in the form of equity, quasi-equity and sometimes debt, straight or conditional (interest and principal payable when the venture starts generating sales), made in a new or untried technology, or high...
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Coping with Failure, Mental Health and Career Intentions among Failed Entrepreneurs
Introduction The ratio of research studies on entrepreneurs are more predominantly tilted towards determinants of entrepreneurial success stories than exploration of failures and its effect on entrepreneurs life style (Shepherd, 2003; Minniti and...
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Entrepreneurship as a Strategic Development Intervention to Accelerate Rural Development: The Case of Drishtee
Introduction Drishtee Development and Communications Ltd (DDCL) (1) is a rural distribution network, which is delivering need based products and services to the rural community. The fastest growing high-tech company is Drishtee Dot Com Limited,...
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Vol. 4, No. 4, October-December

Benefits of Privacy-Enhancing Identity Management
Introduction In everyday life, individuals are frequently and naturally playing different roles, for example as family members, citizens or patients. Typically, when a person is performing a certain role, he does not reveal all personal data...
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Integrating Talent Engagement as a Strategy to High Performance and Retention
Introduction Talent is one of the most important assets of an organization. An efficient workforce determines the level of productivity of the organization and thus determines the effectiveness of organizational systems and processes. Any organization,...
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Determinants of Initial and Long-Run Performance of IPOs in Indian Stock Market
Introduction Initial public offerings (IPOs) provide an opportunity to the fast growing companies to raise necessary capital to facilitate future growth. The investors also consider IPOs an attractive investment alternative as these are believed...
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Testing Gibrat's Law: An Empirical Evidence from Indian Industry
Introduction The pursuit of growth is one of the major management objectives of joint stock companies (Narayan, 1998; Kalirajan and Bhide, 2003), characterized by the separation between ownership and control. For decades, enterprises had led...
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Volatility of Indian Stock Market: An Emperical Evidence
Introduction The study of volatility is always a serious concern for analysts and researchers because high degree of volatility can affect the smooth functioning of any stock market. It may also affect the economic growth and development of the...
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Development of Plastic Cards Market: Past, Present and Future Scenario in Indian Banks
Introduction Indian economy has flourished with the advent of Liberlisation, Privatisation and Globalisation. Banking sector is not an exception too. These reforms have presented a challenge before Indian banking sector to shake hands with the...
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A Comparative Study on TQM Implementation, among Certified and Noncertified Auto Component Manufacturers
Introduction Post liberalization and new economic reforms in 1992, Indian auto industries in specific, started to gear up to meet the requirements of their global customers. The entry of foreign auto companies during the early 90's changed quality...
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Impact of Pharmaceutical Industry Promotion Mix on Doctor's Prescribing Behaviour
Introduction Pharmaceutical marketing is unique as the decision making of buying the medicine lies in the hand of intermediate customer (doctor) rather than final consumer (patient). Thus pharmaceutical companies try to influence the customer...
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Modeling of Motor Vehicle Claims Using Extreme Value Methodology and Monte Carlo Stimulation: A Comparative Study
Introduction The whole idea of Extreme value theory and Monte Carlo simulation is to forecast the possible claims at certain level of confidence or to permit capital allocation to guard against extreme conditions. What they do in reality is to...
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Relevance of Signaling and Smoothing Approaches to Dividend: A Study of Indian IT Sector
Introduction Wealth maximization and value creation is a wellthought and crystallized goal of any good enterprise. It is a commonly accepted belief that shareholder wealth maximization is mirrored in the company's share prices and thus it can...
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A Simulation Based Approach for Software Release and Support Management
Introduction An important problem in the development of software system is to decide when to stop testing and release the software product to the customer. In general, the longer the testing phase, higher the reliability and lower the operating...
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FDI Retail Sector in India: Opportunities and Challenges in the Present Scenario
Introduction An important aspect of the current economic scenario in India is the emergence of organized retail. There has been considerable growth in organized retailing business in recent years and it is poised for much faster growth in the...
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Balram Dogra & Karminder Ghuman (2008): Rural Marketing-Concept and Practices
Balram Dogra & Karminder Ghuman (2008) Rural Marketing--Concept and Practices Tata McGraw-Hill Publishing Company Limited, New Delhi Price: 265/- Pages: 352 With about 72% of population living in the villages and generating nearly half of...
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Paul Collier (2008): "The Bottom Billion", Why the Poorest Countries Are Failing and What Can Be Done about It
Paul Collier (2008) "The Bottom Billion", Why the poorest countries are failing and what can be done about it. Oxford University Press, New Delhi Price: 745/- Pages: 224 The Third World has shrunk. For forty years, the development has been a...
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Dan O' Hair, Gustav W. Friedrich, Lynda Dee Dixon, (2008): Strategic Communication in Business and the Professions
Dan O' Hair, Gustav W. Friedrich, Lynda Dee Dixon, (2008) Strategic Communication in Business and the Professions Pearson Education, New Delhi Price: 350/- Pages: 479 Among the several books published in the area of Business Communication, 'Strategic...
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Vol. 4, No. 3, July-September

Assuring Input Quality under TQM Practices: A Comparative Analysis of Four Major Indian Passenger Car Companies
Introduction Indian automobile industry has in recent years, flourished and displayed extra ordinary growth capabilities. This has become possible mainly because of improvement in living standards of Indian middle class and increase in their...
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An Integrated Model of AHP and TOPSIS for 3PL Evaluation
Introduction The importance of 3PL services has been continuously increasing due to growing number of firms and globalization of their business. The flexibility in service, accuracy in order, and on-time delivery are just prerequisites to compete,...
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Compliance Costs of Individual Income Tax Laws in India and US: An Empirical Evidence
Introduction The compliance cost, particularly of the Indian individual income tax has remained a neglected area for a long period of time. However, some praiseworthy efforts have been made in this regard by researchers like Chattopadhyay and...
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The Dynamics of Capital Structure
Introduction Most of UK studies have been concerned with cross-sectional variations in gearing (see Bennett and Donnelly (1993), Rajan and Zingales (1995), Bevan and Danbolt (2002). With the exception of Ozkan (2001), there is no other UK study...
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Empirical Testing of Strong Form of Market Efficiency
Introduction The Efficient Market Hypothesis (EMH) evolved in the 1960s from the Ph.D. dissertation of Eugene Fama (1965). He persuasively argued that in an active market, including many well-informed and intelligent investors, securities will...
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Investors' Perception towards Capital Market Operations-An Empirical Study
Introduction The Indian capital market witnessed radical changes as a result of liberalization initiative, characterized by institutional build up, technological advancements, modernization and transparent trading practices. The change in the...
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Day-of-the-Week Effect: Further Empirical Evidence
Introduction Numerous studies have been conducted to test the common stock return behaviour and document the extensive evidence of the randomness in stock prices across the world. Efficient market hypothesis (EMH) states that no investor can...
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Editor's Note
Present issue of ABR covers different domains of business and management, however a number of articles focus on the capital market and finance. This has a lot of relevance as markets are having a slowdown around the globe and people are looking...
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Performance of the Indian Mutual Funds: A Study with Special Reference to Growth Schemes
Introduction Globalization, economic liberalization and financial sector reforms generated and augmented the interest of Indian investors in equity. With the growing institutionalization, retail investors have started to keep out of the primary...
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Signaling in CNX Nifty Futures: A Perceptual Approach
Introduction The Indian futures trading system exists with passive day orders through the hierarchy of clearing members, branch managers, dealers, brokers and sub-brokers. Depending on the valid order entry in the market, clearing entities execute...
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Comparative Study of Promotional Strategies Adopted by Public and Private Sector Banks in India
Introduction In financial services, people are primarily bothered about security of their funds and default risks. After the year 1969, the deposits of banks increased more than 80 times as a result of the nationalisation of banks. Paul Cox,...
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Examining Rural-Urban Purchase Behaviour towards Washing Machines: An Empirical Study in Punjab
Introduction Rural economy and its healthy growth are the significant pre-requisites for progress and development of India. The rural market is emerging stronger with a gradual increase in disposable income of the rural folk. The structure of...
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Potential of Bamboo in Sustainable Development
Introduction Sustainable development (Carlos J. Castro, 2004) is widely acknowledged as a key concept for humanities future. Sustainability calls for balancing short term business interest and long term development of both the society and company...
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Barriers in Career Growth of Women Managers: An Indian Scenario
Introduction The number of women in administrative and managerial occupations has increased over decades, but the proportion of women employed and moved as top level managers still remains small. Therefore it is important to understand why women...
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Effects of Working Environment on the Performance of Executives
Introduction The economic growth of a country depends on its rate of industrialization. But, excellence of industrialization may not be achieved in the absence of any one of the factors namely, land, labour, capital and organization. Though all...
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Corporate Governance Practices by Indian Corporates
Introduction Last few years have witnessed a dramatic collapse of major corporate across the world. This has brought to the fore a major lacunae in the corporate governance system. Hence the focus of the governments, regulators, companies, investors...
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Kogent Solutions Inc. (2008): Maya 2008 in Simple Steps
Kogent Solutions Inc. (2008) Maya 2008 In Simple Steps Dreamtech Press, New Delhi Pages: 269, Price: Rs. 179 Maya is not only one of the most powerful 3D software packages available, but it is one of the most complicated software from...
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P. L. Mehta (2008): Managing Economics-Analysis, Problems and Cases
P. L. Mehta (2008) Managing Economics--Analysis, Problems and Cases M/s Sultan Chand & Sons, New Delhi Price: Rs. 335/- Pages: 822 With growing complexities of trade and commerce, turbulence in financial markets and global changes...
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Larry Harris (2008): Trading and Exchanges: Market Microstructure for Practitioners
Larry Harris (2008) Trading and Exchanges: Market Microstructure for Practitioners Oxford University Press, New Delhi Price: Rs. 395 Pages: 643 Financial economics is the area, where one learns mainly through the journal articles. To my...
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Vol. 4, No. 2, April-June

Identification and Ranking of Software Project Risks
Introduction It has almost been a decade since the software industry has detonated. It has witnessed a remarkable growth since and has shown a tremendous escalation not only in the core activities but also in the IT enabled services. Despite...
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Why Do Employees Seek Alternative Employment and What Makes Them Stay: The Case of Indian IT Industry
Introduction Today, more than ever, serious attention, resources, strategy and planning must be given to how to retain the good employees. If the company has good employees, it is worthwhile to do what's necessary to keep them. Once identified,...
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The Impact of New Private Sector Banks on Old Private Sector Banks in India
Introduction Banks are basically service-rendering institutions. The existence and success of banks depend on their ability to meet the various needs and wants of the customers. The new millennium has brought with it challenges as well as opportunities...
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Consumers Attitude and Preferences towards Self Help Group Products
Introduction Empowerment of women groups involves the creation of a political space for these groups by the state and hence liberation from man made bondage through sustained struggle and resistance. The rural women are the marginalized groups...
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The Impact of Capital Adequacy Requirements on Performance of Scheduled Commercial Banks
Introduction Financial Sector Reforms set in motion in 1991 have greatly changed the face of Indian Banking Sector. Banking Industry has moved gradually from a regulated environment to a deregulated market economy. Liberalization has pushed banks...
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The Four Types of Organizational Learning and Their Impact on Innovation
Introduction Evolutionary economics perceives organizations as biological organisms that struggle and compete in hostile environments (Nelson and Winter, 1982). Survival in a dynamically accelerated marketplace requires these organizations to...
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Organizational Role Stress: Confirmatory Factor Analysis Approach
Introduction Work related stress is of growing concern today, than it was two decades ago. This has become a major problem not only for individuals working within an organization but also for the organization itself. Cooper and Marshall (1978)...
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Employees Perception towards Training in IT Sector
Introduction The Indian IT industry has a prominent global presence today largely due to the software sector. Promotion of the software industry and protection of the hardware industry from external competition has resulted in this skewed growth....
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Polymer Banknotes-A Viable Alternative to Paper Banknotes
Introduction Bank notes are made of dense 80 to 90 grams per square meter of 100% cotton paper (also known as ragged paper) which is superior in strength and durability in comparison to wood pulp based papers. The cotton paper is sometimes mixed...
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R. Gopalakrishnan (2007): The Case of the Bonsai Manager-Lessons from Nature on Growing
R. Gopalakrishnan (2007) The Case of the Bonsai Manager-Lessons from Nature on Growing, Penguin Portfolio, New Delhi Pages: 264, Price: Rs. 450.00 Gopalakrishnan has gained a wealth of practical managerial experience during his tenure...
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L.M.Prasad (2008): Strategic Management
L.M.Prasad (2008) Strategic Management, Sultan Chand & Sons, New Delhi Pages: 518, Price: Rs. 235.00 In today's "Post-Industrial Era", economic growth is mainly driven by the accumulation of knowledge and application of strategy....
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C. Jeevanandam (2008): International Business
C. Jeevanandam (2008) International Business M/S. Sultan Chand & Sons, Delhi Pages: 300, Price: Rs. 375 Process of Globalization began in India with the commencement of Economic Reforms, initiated in 1991. The reforms process was thereafter...
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Uppal R. K. and Jatana Rimpi (2007): E-Banking in India-Challenges and Opportunities
Uppal R. K. and Jatana Rimpi (2007) E-banking in India--Challenges and Opportunities. New Century Publications, New Delhi. Pages: 256, Price: Rs. 580.00 Electronic banking encompasses internet banking, telephone banking and mobile banking...
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Ajit Kumar Sinha (2008): New Dimensions of Women Empowerment
Ajit Kumar Sinha (2008) New Dimensions of Women Empowerment Deep & Deep Publications Pvt. Ltd., New Delhi Pages: 755, Price: Rs. 2350 Women empowerment has become crucial for alleviating poverty and procuring over all growth. This...
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Company Attributes and Cross Section of Stock Returns in India
Introduction Identifying the forces that contributes to variations of stock return is probably one of the most researched areas in financial economics. The influence may be systematic, such as economic, political or sociological changes or unsystematic....
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Havells India: A Success Story
Introduction Families are ruling the world of business. Family businesses range in size from small, medium or large businesses in terms of employees and turnover and can be put in two different categories: first, businesses having only the family...
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Effectiveness of OR in Real-Life Applications for Better Returns
Introduction Operations Research (OR) is concerned with scientific and technological thinking on aspects of human affairs with respect to usage of resources in day-to-day human activities arising in commerce, government and industry. In OR, solely...
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Managing Service Quality in Commercial Banks: A Gender Focus
Introduction The Indian banking system was heavily dominated by nationalized commercial banks until the globalization. The financial regulation and credit controls imposed by the Government created a system in which competition was very less....
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An Empirical Analysis of the Impact of Industrialization on Infrastructure Development in Himachal Pradesh
The importance of infrastructure for sustained economic development is well recognized. Infrastructure is a comprehensive term that comprises of necessary inputs, which are said to be the contributing factors in the development process. For the...
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Vol. 4, No. 1, January-March

Editor's Note
It's really a matter of pleasure to present this first quarterly issue of Asia-Pacific Business Review (ABR) in the fourth year of journey. Papers included in the issue cover different aspects of business in the Indian and Global economy. I trust the...
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The Significance of Tax as a Determinant of Leasing: Evidence from UK Tax Changes
This paper analyses the significance of corporation tax as one of the factors that influences leasing activities. I use the UK data and employ the Tobit model to test the debatable substitutional relationship between leasing and debt financing. The...
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An Insight into Factors Influencing Bank Selection Decisions of Indian Customers
Indian banking industry is undergoing metamorphosis in terms on adoption on technology and automation. New generation private sector banks which came into existence in the last ten years have gained a substantial market share and government owned banks...
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Foreign Institutional Investment Flows (FII) in Indian Companies
India has witnessed over a decade of FIIs portfolio flows and with each passing year, these flows have gained in their significance and have played a key role in the overall Indian economy. Investments by foreign institutional investors are typically...
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Determinants of Transformational Leadership and Organizational Citizenship Behavior
Using a sample of 93 superior-subordinate dyads from various organizations in India, this study looked at the relationships between leader's organizational citizenship behavior (OCB), transformational leadership, and follower's OCB. It also looked...
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Role of Involvement in Predicting Brand Loyalty
Creating and maintaining strong brands and loyal customers have become increasingly difficult in today's competitive environment. Brand loyalty has been shown to be associated with higher rates of return on investment through increases in market share....
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A Simulation-Based Approach to Software Project Risk Management
For most software development environments, software aids/automated tools for managing risk factors in software development projects are not available with a generic label. However, a generic class of computer-based automated tools, called ROI (risk...
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Railqual and Passengers Satisfaction: An Empirical Study in Southern Railways
This article identifies the attributes which passengers use to evaluate the service quality of Indian railways and develops a comprehensive instrument namely RAILQUAL. The linkage between Railqual and passengers' satisfaction is also evaluated by the...
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CAPM vs. APT with Macro Economic Variables: Evidence from the Indian Stock Market
This study compares CAPM and APT using macro economic variables to represent the APT factors. Analysis of 158 stocks listed on the Bombay stock exchange from 1991-2002 shows that stock returns are influenced by other variables in addition to the dominant...
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Valuation of Indian Companies-An Analytical Perspective
This research paper focuses on an analytical valuation perspective of Indian companies. Five top companies from each of these sectors were selected on the basis of cumulative sales in the last ten-year period (1997-2006). These five top companies in...
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A Study of General Role Stress among IT/ITeS Professional in India
IT/ITeS industry in India got tremendous boost in the past decade due to factors like liberalisation and globalisation of the Indian economy coupled with favourable government policies. This sector of the sunshine industry brought a new work environment...
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Customer Satisfaction of MEPZ-Special Economic Zone
India is rich in human resources. An effective utilization of human resources can boost the development of India. Hence, both Central Government and State Governments have prepare the number of plans for the economic development. Among the many plans,...
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Shifting Patterns of Global Growth?
The current slowdown in the USA Economy has led many to question whether this will have a knock on effect in destroying global growth. This paper looks at the channels of global growth in 2008 to see whether the above view may be justified. In addition...
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Indian Budget-2008-09
This is the last year before elections. Undoubtedly, Finance Minister is under severe pressure from his colleagues to present a budget so that they can go to their constituents with something positive to say to the voters. Past experience have shown...
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