IOSR-JBM   Volume-17 ~ Issue-3 ~ March-2015

Abstract: Economic liberalisation in the early nineties has helped Indian financial institutions for comprehensive growth. Banking sector in India has been one of the top performers in the markets. Banks opted for mergers and acquisitions (M&A) as tactical means of corporate restructuring. The objective of this study is to explore the overall strategic impact of M&A in this sector. In this paper, we have concentrated on 10 M&A deals in the Indian banking sector during a timeframe spanning from 2000 to 2010. The focus of our study is to measure the change in performance levels of the banks, if any, in the post merger phase as compared to the pre merger ones through selected HR and financial parameters. The findings indicate a non-significant change in performance in the post merger period. Keywords: Banking Sector, HR and Financial Parameters, Mergers and Acquisitions (M&A), t testWilcoxon test...

[1]. http://www.ibef.org/industry/services.aspx retrieved on 5th May, 2014.
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[4]. S. Revathy, Mergers And Acquisitions In The Indian Banking Sector – Financial Implications, Namex International Journal of Management Research, 1(1), 2011, 61-68.
[5]. S. Kuriakose and G.S Gireesh Kumar, Assessing the Strategic and Financial Similarities of Merged Banks: Evidence from Voluntary Amalgamations in Indian Banking Sector, Sci. & Soc, 8(1), 2010, 49-62,
[6]. Dutta and Dawn, Mergers And Acquisitions In Indian Banks After Liberalisation: An Analysis, Indian Journal of Commerce & Management Studies, 3(1), 2012, 108-114.
[7]. Barth, What Determines the Number and Value of Bank Mergers and Acquisitions Around the Globe? , Banking and Finance Review, 1, 2012, 59-76.

Abstract: The purpose of this study is to determine the impact of quality of work life on job satisfaction of school teachers in Udaipur city. Quality of work life is a critical concept with having lots of importance in teacher's life. Quality of work life indicates a proper balance between work and personal life which also ensure organizational productivity and job satisfaction. The method of this study is descriptive research and the survey was conducted among 100 school teachers in Udaipur city. The data collection instrument is a questionnaire and the reliability is based on Pearson's correlation coefficient. In this study, the impact of quality of work life on job satisfaction has been studied based on the demographic variables of gender, age and work experience of teachers.

Keywords: Job Satisfaction, Quality of Work Life, School Teachers.

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Abstract:The BioPharma case study is a transportation problem that requires a problem-solving approach to help in making appropriate decisions. The mathematical model formulated from a linear programming (LP) is a powerful tool and was used to solve the transport problem. In this paper the mathematical model formulated has adopted the concept of the new capacitated transportation model because; the company's shipments are directly from a supply point to a demand point. This is a special transport problem model and is used to determine the optimal total cost from the feasible solution of the decision variables. The model requires input data on prices, demand, and plant capacity to solve for the optimal solution. By help of the Solver Tool, the optimal solution was computed and the new shipment plan was achieved and is illustrated by Figure 4 to portray the optimal network flow. The new shipment plan enables the company to cut down 12% of its cost.

Keywords: LP, transport model, network flow model.

[1]. AIMMS (2009) Paragon Decision Technology
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Abstract: The role of effective corporate governance mechanisms as key components of prudent financial management has become an issue of global significance and has received new urgency due to various corporate scandals and failure. This study seeks to examine the impact of corporate governance mechanisms (audit committee size, board gender diversity and board size) on banks' profitability based on the annual reports of forty two banks in Kenya in the period 2014. The study controls for the effect of bank size and capital of the banks. The study utilized a correlational research design and was based on the agency theory. Using multiple regression as a method of estimation, the results reveal that audit committee size, board gender diversity and bank capital have no significant effect on bank profitability in the selected sample. The regression results indicate that board size negatively influences financial performance; whereas bank size is positively associated with financial performance. The study suggests that banks with effective corporate governance mechanisms may improve financial performance depending on the measure used although not all corporate governance mechanisms are significant. The study is significant because it can aid the policy makers in the formulation of policies, which can be effectively implemented for better and easier regulation of banks. The findings of the study have significant managerial and theoretical implications. Keywords: Board mechanisms, bank profitability, board size, audit committee, Kenya..

[1]. Abdullah, H., & Valentine, B. (2009). Fundamental and ethics theories of corporate governance. Middle Eastern Finance and Economics, 4, 89-96.
[2]. AbdurRouf, Md. (2011). The relationship between corporate governance and value of the firm in developing countries: Evidence from Bangladesh. The International Journal of Applied Economics and Finance, 5, 237-244.
[3]. AbuGhazaleh, N.M., Qasim, A & Roberts, C. (2012). The determinants of Web-based investor relations activities by companies operating in an emerging economy, Journal of Applied Business Research, Vol. 28 (2), 209-225
[4]. Abu-Tapanjeh, A. (2006). Good corporate governance mechanism and firms' operating and financial performance. Insight from the perspective of Jordan industrial companies. Journal of King Saud University, 19(2), 101-121.
[5]. Adusei, M. (2011). Board structure and bank performance in Ghana. Journal of Money, Investment & Banking, 19, 72-84.
[6]. Alchian, A.A. and Demsetz, H. (1972). Production, Information Costs and Economic Organization. American Economic Review, 62, 772-795.

Abstract:Third party payers consist of managed care organizations (MCOs) , insurances and other companies that issue guaranty letters for their staff to seek treatment at the private hospitals. In Malaysia, the growth of the medical and health insurance (MHI) were due to the inflation in medical costs, demographics changes and an increase of medical services utilization and many Malaysians had turned to the private insurance industry to finance their healthcare spending due to the increasing trend of total spending of healthcare. In this study , a qualitative design was selected to conduct a case study of three new private hospitals in Malaysia namely Hospital A, Hospital B and Hospital C. Data were collected from various literatures : Suruhanjaya Syarikat Malaysia (SSM), Finance Manager of Hospital A and Chief Executive Officers of Hospital B and Hospital C. The principle of collecting data was based on the year the hospital started business until the hospital achieved breakeven and generated profit and this principle applied to Hospital A, B and C. For Hospital A, data were collected from year 2005 to year 2008 where as for Hospital B, data were collected from year 2006 to year 2009. In the case of Hospital C, data were collected from year 2009 to year 2011. Based on the finding of this research , it was found that MCOs, Insurance and other companies had contributed to high generation of revenue for Hospital A, Hospital B and Hospital C. For Hospital A, 48.78% was constributed for the first year, reduced to 46.67% in the second year but increased again to 49.01% in third year. For Hospital B, the contribution for the first year was 53%, increased to 56% in second year and 68% in third year. For Hospital C, 63% was contributed by the three sectors in the first year , increased to 68% in second year and 69% in third year. According to life insurance statistic 2012, medical insurance will enjoy continuous growth as Malaysia moving towards high income nation. Therefore new private hospitals must move quickly to be registered as hospital panel for insurance companies to enjoy the benefit.

Keywords: case study, Hospital A, B and C, MCOs, insurances and other companies,break even and profit.

[1]. Bank Negara Malaysia, insurance key indicators (online).http://www.bnm.gov.my/index. php? ch=statistic &pg=stats _insurance&eId=box2 &lang=en&ac=100 (1 November 2013)

[2]. Bayarsaikhan, D.2003. Information on private insurance. Personal communication with N. Sekhri

[3]. Chollet, D.J.and Lewis, M.1997. Private insurance: principles and practice : innovations in health care financing. Washington, D.C: The World Bank.

[4]. Colombo ,F. and Tapay, N.2004. Private health insurance in Australia a case study: Working Paper no.8 and private health insurance in Ireland a case study : working paper no. 10 .OECD

[5]. Docteur, E., Suppanz, H. and Woo, J.2003. The US health system: an assessment and prospective directions for reform. Economics Department Working

Abstract: Service sector is one of the fastest growing sectors, it provides opportunity for employment and banking sector is one of the biggest service sectors in India. . It is now experiencing drastic change due to globalization, privatization and technological advancement. Banking is not confined to nationalized public sector banks. It has been recorded a rapid rise of the new private sector banks and it has tracked the transformation of the public sector banks to cope up with multinational led environment. Forward-thinking organizations know that high performance and sustainable business results require attention to employees. Human resource is the most valuable asset for any organization .In this competitive world, only those organization can survive, which are able to retain high performers and performance depends upon the job satisfaction level of the employees.

[1]. M. A. Moufeed and M. G. Yousef, Employees Benefits Pay Satisfaction in the Banking System in Palestine: An Empirical Study, An-Najah Univ., J. Res. (H. Sc), 16(1), 2002 , 335-357.
[2]. B. Bhuyan and, M. Choudhary, Job satisfaction of college teachers, Psycho-lingua, 32(2), 2003, 123-127.
[3]. S. Sobia and B. Faryal, Impact of work life balance in private banking sector of Karachi., Journal of Management and social sciences ,7(2), 2011, 8-15.
[4]. K. Sundar and K. Ashok, Demographic factors and Job satisfaction of employees in Life Insurance Corporation of India, Asia Pacific Journal of Marketing & Management Review, 3, 2012.

Abstract: The purpose for this research paper is to analyze the impact of organizational change towards employee performance in the banking sector of Pakistan. In this study Primary and secondary data collection techniques were used for obtaining data. Questionnaires were used for primary data collection. Leadership, Communication, Procedural justice, Employee development, Tolerance to change are the variables considered for this study. The sample size for this research is (n=252) hence descriptive statistics and correlation analysis techniques were used for the analysis of data in SPSS software. The results show that organizational change has a positive significant impact on employee's performance in banking sector of Pakistan. The study suggests that further research should be conducted in various sectors and also by increasing factors of organizational change in order to observe the overall impact of organizational change towards employee performance.

Keywords: Organizational change, Employee performance, Banking sector, Leadership, Communication, Procedural justice, Employee development, Tolerance to change.

[1]. Harrington, J. (2003). Training adds up, Incentive. 177 (6), 22.
[2]. Batool, B. F. ( 2013). An Empirical Study on Effect of Transformational Leadership. IOSR Journal of Business and Management (IOSR-JBM) , 38-44.
[3]. Kozarevic, E., Peric, A., & Delic, A. (2014). Job Satisfaction of Banking Sector Employees in the Federation of Bosnia and Herzegovina. Economia. Seria Management , 17 (1).
[4]. Dulger, M. (2009). Human side of change: A conceptual model. Journal of Economics , 1-28.
[5]. Nicolaidis, C., & Katsaros, K. (2007). Emotions towards change. A case of northen Greek ICT industry. 7th Global Conference on Business & Economics , 1-30.

Abstract: Merger is an attractive strategy to the bank that is able to face the global challanges such as restructuring assets, efficiency and productivity. Some researchers argue the motive efficiencies gained through financial synergy. Whether financial synergy give the effect on the excellence of bank financial performance. This study has been implemented with develop 4 hypothesis and to investigate empirically financial synergy effects and advantages of post-merger. The model consist of a generating variable, dynamic variable and social-environment variable. The samples were involved is about 116 small bank at Central Java, Indonesia. The result show that the model solution for obtaining some variable positive effect on excellently of bank financial performance. This study is proven that financial synergy through the mediation of the rural community recognitions has positive effect on the bank financial performance. Keywords – merger, the rural community recognitions with integrity, small bank, bank financial performance, financial synergy

[1]. D. Douglas, Efanoff and E. Ors, The Competitive Dynamics of Geographic Deregulation in Banking: Implications for Productive Efficiency, Journal of Money, Credit and Banking, 40(2), 2008, 897-928.
[2]. A.N. Berger, The Economic Effects of Technological Progress: Evidence from the Banking Industry, Journal of Money, Credit and Banking, 35(2), 2002, 141-176.
[3]. F. Sufian, M.Z.A. Majid, and R. Haron, Efficiency and Bank Merger in Singapore: A Joint estimation of Non-parametric, Parametric and Financial Ratios Analysis, Munich Personal RePEc Archive, 2008.
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Abstract: Purchasing entails the activity of acquiring of goods and services at the best cost and quality. Socially responsible purchasing adds sustainability and environmental requirements to the pre-mentioned set of conditions. However there is little knowledge on what organizations can do to ensure social responsibility throughout their supply chain. The study sought to know what organizations can do to ensure social responsibility throughout their supply chain and determined effect of purchasing social responsibility on performance of flower firms in Kenya. The study specifically established the effect of diversity responsibility on flower firms performance, assessed the effect of environment responsibility on flower firms performance, the effect of human rights responsibility on flower firm performance and effect of safety constitute responsibility on flower firm performance.

[1]. Bacallan, J. J. (2000). "Greening the supply chain." Business and Environment 6(5): 11-12.Barner, M. (2007). "Be a Socially Responsible Corporation." Harvard Business Review 85(7-8): 59-60.
[2]. Bowen, F. E., Cousins, P. D., Lamming, R. C. and Faruk, A. C. (2001). "Horses for courses: Explaining the gap between the theory and practice of green supply." Greener Management International 35: 41-59.
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[5]. Carter, C. R. (2004). "Purchasing and Social Responsibility: A Replication and Extension." Journal of Supply Chain Management 40(4): 4-16.
[6]. Carter, C. R. (2005). "Purchasing social responsibility and firm performance: The key mediating roles of organizational learning and supplier performance." International Journal of Physical Distribution & Logistics Management 35(3-4): 177-194.

Abstract: Any economic activity is performed by an organization need to act as what actually people want. Corporate Governance is an effective tool to manage organization's performance. This paper has aim to study effects of corporate governance on organizational performance by taking a case study of banking sector of Pakistan. A five year secondary data from 2009 to 2013 have been collected from various published reports and websites of fifteen selected banks which are listed in Lahore Stock Exchange. For this study, board size, board meetings, non executive directors, bank size and leverage have been taken as independent variables while bank performance has been considered as dependent variable which is measured through return on assets and return of equity. The overall results show that corporate governance has significant relationship with bank performance.

Keywords: Bank Efficiency, Corporate Governance, Board Size, Financial Performance, Capital Structure

[1]. A, Ajanthan., S, Balaputhiran. AndB, Nimalathashan. (2013). Corporate Governance and Banking Performance.A ComparativeStudy between Private and State Banking Sector in Sri Lanka.European Journal of Business and Management, Vol. 5, No. 20.
[2]. Adnan,Akhyar.Muhammad.Htay, Nu Nu. Sheila. Rashid,AbMajdi. Hafiz., And Meera,Mydin,Kameel.Ahamed. (2011). A Panel Data Analysis on the Relationship between Corporate Governance and Bank Efficiency. Journal of Accounting, Finance and Economics, Vol. 1, No.1,Pp 1-15.
[3]. Ahmad, Naveed., Tariq, Suleman. Muhammad.,Hamad, Naqvi., Samad, Sadia. (2014). An Exploration of Corporate Governance and Its Relation with Financial Performance: A case study from Banking Institutions of Pakistan. Arabian Journal of Business and Management Review (Oman Chapter), Vol. 4, No. 1, August, 2014.
[4]. Akhtar, Shamshad. (2006). Syariah Compliant Corporate Governance. Keynote address by the Governor of the State Bank of Pakistan at the Annual Corporate Governance Conference, Dubai, United Arab Emirates.
[5]. Attiya Y. Javid, Robina Iqbal. (2010). Corporate Governance in Pakistan: Corporate Valuation, Ownership and Financing. PIDE Working Papers. Vol. 57.
[6]. Ayorinde, Oladayo.,Ajala. Toyin, Amuda. And Leye, Arulogun. (2012). Evaluating the Effects of Corporate Governance on the performance of Nigerian Banking Structure. Review of Contemporary Business Research, Vol. 1, No. 1, PP 32-42.

Abstract: The study sought to look at Information Technology Outsourcing (ITO) practices in the Kenyan banking sector and the effect it had on performance. Balance Scorecard was used to measure performance as it considers both financial and non-financial aspects. Design/methodology/approach: The study took the form of a descriptive survey design with a target population of 14 commercial banks operating in Kenya. Primary data was collected from structured questionnaires and secondary data was collected from the banks past financial records. Findings: Thestudy revealed that Connectivity and Help desk support were the most outsourced IT functions in the commercial banks. The study also revealed the two main drivers for ITO were strategic focus and cost reduction. The main challenge the commercial banks faced during the ITO process was lack of a proper cost benefit analysis and loss of control. The study further revealed that ITO has a positive and significant effect on financial performance, learning and growth, customer satisfaction and internal processes.

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