IOSR-JBM   Volume-20 ~ Issue-2 ~ February-2018

Paper Type	:	Research Paper
Title	:	Customer Perceived Value as a Predictor of E-Wom on Online Shopping
Country	:	Indonesia
Authors	:	Putu Yudi Setiawan || Komang Agus Satria Pramudana
	:	10.9790/487X-2002090107

Abstract: This research seeks to integrate the relationship between customer perceived value, satisfaction, and E-WOM on customers who shop online in social media. The sample is determined by purposive sampling technique using certain consideration of 110 respondents. A questionnaire used to collect data using Likert scale 5 levels and then analyzed by using SEM analysis. The results showed a significant positive relationship between variables where the customer perceived value affects the satisfaction which further able to create a positive and significant E-WOM. The test results can be used as a reference in preparing an online marketing strategy (e-marketing) that is expected to change in the way of shopping among buyers, so it is expected to better ensure the trust between parties involved in the online transaction process.

 

Keywords: Customer Perceived Value, Customer Satisfaction, E-WOM.

[1]. Alshibly, H. H. 2014. A free simulation experiment to examine the effects of social commerce website quality and customer psychological empowerment on customers' satisfaction. Journal of Business Studies Quarterly, 5(4), 21-40.
[2]. Alshibly, H. H. 2015. Customer Perceived Value in Social Commerce: An Exploration of Its Antecedents and Consequences. Journal of Management Research, 7(1), 17-37.
[3]. Cronin Jr, J. J., Brady, M. K., & Hult, G. T. M. 2000. Assessing the effects of quality, value, and customer satisfaction on consumer behavioral intentions in service environments. Journal of retailing, 76(2), 193-218. http://dx.doi.org/10.1016/S0022-4359(00)00028-2.
[4]. Cheung, C.M.K., Lee, M.K.O., and Rabjohn, N. (2008) The impact of electronic word-of-mouth: The adoption of online opinions in online customer communities. Internet Research, Vol. 18, No. 3, 229 - 247.
[5]. Floh, A. and H. Treiblmaier. 2006. What Keeps The E-Banking Customer Loyal? A Multigroup Analysis of The Moderating Role of Consumer Characteristics on E-Loyalty in The Finansial Service Industry, Journal of Electronic Commerce Research, Vol. 7, No. 2.

Paper Type	:	Research Paper
Title	:	Employment and Income Generation in Brick Industries: A Study in Rangia and Hajo Block of Kamrup(R) District of Assam
Country	:	India
Authors	:	Mayuree Das || Dr. Mridula Devi
	:	10.9790/487X-2002090812

Abstract: Brick making industry is one of the important industries in the unorganised sector mainly confined to rural and semi urban areas. The brick kiln sector is next to the agricultural sector in terms of employment to rural and semi urban workforce. It provides employment opportunities to both the local as well as migrant workers. Though the Kamrup (R) district is not industrially so developed, yet a good number of brick industries have been set up in different parts of the district. Therefore, in this paper, an attempt is made to study the employment absorption capacity of brick industry in Kamrup(R) district and also the income generating capacity of the industry to the workers.

 

Keywords: Brick Industry, Employment, Health, Income structure, Labour.

[1]. Khan R, Vyas H (2008), "A study of impact of brick industries on environment and human health in Ujjain City (India)"; Journal of Environmental Research and Development, Vol.2, no.3, January-March
[2]. Mathur G.C (1990), "Employment potential of Brick Industry", Yojana, Vol.34 (5), pp.14-15
[3]. Das Suman (2014), "Economic condition of migrated Brick workers on the river Haora, West Tripura District, Tripura"; International Journal of Multidisciplinary Approach and Studies, Vol.01, No.5, Page: 112
[4]. Brief Industrial Profile of Kamrup District, Ministry of MSME, Govt. of India
[5]. Census of India, 2011.

Paper Type	:	Research Paper
Title	:	OTC Financial Derivatives Market in India
Country	:	India
Authors	:	Dr O. S. Deol
	:	10.9790/487X-2002091322

Abstract: Derivatives play asignificant role in addressing the risk inborn in financial transactions. They can be used to hedge an existing market exposure (forwards), to obtain downside protection to an exposure even while retaining upside potential (options), to transform the nature of an exposure (swaps), and to obtain insurance against events such as default (credit derivatives). At the same time, derivatives involve incomprehension owning to the complexity of their valuation, design and risk implication. The Global Financial Crisis (2008) has spurned a large volume of literature laying much of the blame for the crisis on indiscriminate use of derivatives, pointing out the dangers integral to derivatives and emphasising the need for further regulation of the market. The OTC derivatives markets all over the world have shown tremendous growth in the recent years. OTC financial derivatives market in India has also grown, but by international standards the total size of the Indian OTC derivatives market still remains...........

 

Keywords: Over the Counter Market, Derivatives, Financial Regulation and Foreign Exchange JEL Classification: G1, G2 and G28.

[1]. www.bis.org
[2]. www.ccil.com
[3]. www.fedai.org.in
[4]. www.fimmda.org.in
[5]. www.rbi.org.in.

Paper Type	:	Research Paper
Title	:	Impact of Growth Strategies on Business Profit A Study of Ashakacem Plc, Gombe-Nigeria
Country	:	Nigeria
Authors	:	S. I. Dugguh, PhD || Aki, Isaac || Isaac, Sunday Oke
	:	10.9790/487X-2002092329

Abstract: Growth is important and key to the survival of any business venture. Competition in a highly regulated and in depressed economy like Nigeria requires that businesses devise means that are capable of increasing its relative market share and profits. Formulating and implementing effective growth strategies to enhance business profit is the concern of any dynamic looking organization. This is the main problem the paper wishes to address. Therefore, the objective of this paper is to review growth strategies with a view to ascertaining whether they could contribute to organizational profit. Secondary source of data was relied upon for the review, methodology and findings............

 

Keywords: Acquisition, Ashakacem, Business Profit, Diversification, Growth Strategy, Karma, Product,Nigeria.

[1]. Foster, J. & Browne, M. (2006). Principles of Strategic Management, London, Macmillan Publishers Ltd
[2]. Hamel, G. (2006), "Strategy as Revolution‟, Harvard Business Review (July–August), 69– 82.
[3]. David, F. R. (2003). Strategic Management: Concepts and Cases (9th Edition). Pearson Education, Inc. Upper Saddle River, New Jersey
[4]. Mintzberg, H. & Quinn, J. B. (2002). The Strategy Process Concepts, Contexts and Cases. Prentice Hall Inc, Engelwood Cliffs N.J.
[5]. Porter, M. E. (2006). Competitive Strategy: Techniques for Analyzing Industries and Competitors, New York: Free Press

Paper Type	:	Research Paper
Title	:	Inclusive and Sustainable Growth in India
Country	:	India
Authors	:	Dr. Lipishree Das
	:	10.9790/487X-2002093037

Abstract: India's economic growth has passed through four major phases over the past 60 years, and is now set to enter a new phase. Inclusive growth besides being the pillar of Eleventh and Twelfth Plan, it has raised a number of issues, particularly the definition of inclusive growth, its measurement and indicators. Actually Twelfth Plan Strategy is based on the outcome during the Eleventh Plan period particularly on poverty incidence and its implications for the Twelfth Plan strategy. As twelfth plan has just started, the analysis is based on the data prior to that i.e., eleventh plan period. It is in this context the paper aims at addressing some issues concerning the inclusive growth approach. Thus, it highlights the definition and concept of "inclusive growth", its characteristics and the challenges India is going to face in achieving "inclusive growth" in the real sense of the term. But it is difficult to assess performance on inclusiveness as it is a multidimensional concept and progress therefore needs to be assessed in many different dimensions.

 

Keywords: Inclusive growth, multidimensional, economic growth.

[1]. Ahluwalia, M.S. (2012). Prospects and Policy Changes in the Twelfth Plan. Yojana., 56, 9-27.
[2]. Ahluwalia, M.S. (2007). Montek Singh on Indian Economy and reforms. Business Standard, June 29, 2007.
[3]. Besley, T. et.al (2007). The Policy Origins of Growth and Poverty in India, in Besley, Timothy and Lousie J. Cord (Eds.): Delivering on the Promise of Pro-Poor Growth, Palgrave Macmillan and the World Bank, New York, 59-78.

Paper Type	:	Research Paper
Title	:	Investing in Mutual funds: Does profession matter?
Country	:	India
Authors	:	Dr. Pallabi Mishra || Dr. Biswajit Prasad Chhatoi
	:	10.9790/487X-2002093844

Abstract: Purpose Mutual fund has of late become a prominent saving tool for people of India. The present study aims to determine the effect of profession of mutual fund investors on selection of mutual funds. Design/methodology/approach The research involves the collection of data from 94 respondents belonging to different profession as classified by the researcher. The research was performed by purposive sampling method. A structured questionnaire was used to collect data from the mutual fund investors...........

 

Keywords: Profession, Mutual Fund, Preference, Selection.

[1]. Amiri, H., & Gil-Lafuente, A. M. (2016). Studying of the Factors Affecting on the Mutual Fund by Individual Investor in Iran, Malaysia, Turkey and US.Modern Applied Science, 10(9), 192.
[2]. Bailey, W., Kumar, A., & Ng, D. (2010). Behavioral biases of mutual fund investors. Management science, 54, 443-459. Annual Report, Capital markets board of Turkey, 2010.
[3]. Bogle J C (1992), "Selecting Equity Mutual Funds", The Journal of Portfolio Management, Vol. 18, No. 2, pp. 94-100.
[4]. Elton, E. J., Gruber, M. J., & Blake, C. R. (1996). The persistence of risk-adjusted mutual fund performance. Journal of Business, 69(2), 133-157.
[5]. Ippolito R A (1992), "Consumer Reaction to Measures of Poor Quality: Evidence from the Mutual Fund Industry", Journal of Law and Economics, Vol. 35, pp. 45-70.

Paper Type	:	Research Paper
Title	:	Does Exposure To A Country's Culture Affect Consumers' Attitude Towards Brands: A Comparative Study Between Japan and Germany
Country	:	India
Authors	:	Dr. Ritty Francis || Hemashree B Sindhe
	:	10.9790/487X-2002094553

Abstract: Many multinational companies manage their consumer perception through the country of brand origin in their promotion campaigns. This research tries to add subject to the literature of brand origin by trying to identify if consumers who are exposed to Japanese culture and consumers who are exposed to German culture through the means of language learning, internet, cultural events and work become factors that influence brand origin recognition and possess varying attitude towards other country brands. Considering two countries: Japan and Germany which are at an equal standing in terms of development, having a perception of being countries that provide high tech and quality goods, brand origin can be a factor which will influence the varying...........

 

Keywords: Brands, Brand origin, Brand origin recognition, Exposure, Language learning.

[1] Almani, A. M., Pournaserani, A., & Pournaserani, F. (2011). Consumers â€TM Brand Origin Recognition Accuracy ( BORA )Scores : an Empirical Study. Australian Journal of Basic and Applied Sciences, 5(8), 361–373.
[2] Ånmo, C., & Tarnovskaya, V. (2010). Brand origin- How does it impact brand awareness and brand image.
[3] Balabanis, G., & Diamantopoulos, A. (2008). Brand Origin Identification by Consumers: A Classification Perspective. Journal of International Marketing, 16(1), 39–71. https://doi.org/10.1509/jimk.16.1.39
[4] Chlivickas, E., & Smaliukienė, R. (n.d.). INTERNATIONAL REGION AS A BRAND ORIGIN: CONCEPTUALIZATION
[5] AND REVIEW. https://doi.org/10.3846/1611-1699.2009.10.141-148

Paper Type	:	Research Paper
Title	:	Factors Affecting To Enhance Foreign Inward Remittances to Sri Lankan Commercial Banks
Country	:	India
Authors	:	Kumarasinghe P J
	:	10.9790/487X-2002095459

Abstract: Remittances, which were more than twice as the size of international aid flows to Sri Lanka are the main foreign exchange earnings. These funds have a major contribution to reduce severity of poverty. It is largely the local banks that are taking the lead in the remittance service market. Investing heavily in various remittance application technologies, credit cards, debit cards, Internet banking, and telebanking the local banks are surely changing the nature of the remittance market. Some banks offer a range of products to migrants including insurance and pre-departure loans at concessional rates to be repaid from remittance proceeds. However, informal remittance services are also attractive to the immigrants to transfer their earnings to Sri Lanka and this was identifying as a main challenge to the Commercial Banks...........

 

Keywords: Inward Remittances, Technology of Commercial Banks

[1]. Angur et al., (1999). M. Angur, R. Nataraajan, J. JaheraSQ in the Banking Industry: an Assessment in a Developing Economy. International Journal of Bank Marketing, 17 (3) , pp. 116-125.
[2]. Alemayehu G., Kibrom T. and Melekt A. (2008). Remittance and Remittance Service Providers in Ethiopia, Institute of African Economic Studies (IAES). Working Paper Serious NO. A02, Addis Ababa, Ethiopia.
[3]. Anon. (2010). Brand Loyalty. [Web]: http://www.businessdictionary.com/definition/brand-loyalty.html. Date of access: 10 January 2016.
[4]. Bryman, A., Bell, E., Mills, A. J, and Yue, A. R.(2011). Business Research Methods. First Canadian Edition. Toronto: Oxford University Press.
[5]. Castro, F. 2011. What is Branding?. [Web]: http://www.brandingdefinition.com/. Date of access: 10 January 2016

Paper Type	:	Research Paper
Title	:	Strategies to Mitigate Behavioural Risk in Investment Decision Making
Country	:	India
Authors	:	Dr. Sunita Kumari Malhotra
	:	10.9790/487X-2002096065

Abstract: An Investment decisions is the most crucial challenge faced by investors. Behavioural Finance is an Art and Science both. It deals with the psychological and emotional phenomenon that influences investors to take rationally or irrationally investment decisions. The present paper helps to identify the Behavioural risk factors that lead investment biases. The study also helps to provide various strategies to mitigate Behavioural risk that affect investors in investment decision making process. For attaining the purpose of the present study secondary data is used to collect the information. Secondary data are collected from Newspapers, Articles, Journals, etc. From the past researches certain factors are identified to develop System Dynamic Model. The causal loop diagram and stock flow diagram is developed for the investors investment decisions. The psychological and emotional aspects effect on investment decisions. It was found that mostly investors are influenced by irrational decision which leads to the investment biases.

 

Keywords: Investment Decision, Irrational Decision, Rational Decision, Behavioral Risk, Causal Loop Diagram, Stock Flow Diagram.

[1]. Apan, M. (2015). Determination of Factors Affecting Individual Investor Behaviours: A Study on Bankers. International Journal of Economics and Financial Issues, 5 (2), 531-543.
[2]. Baker, H. K. (2014). How Biases Affect Investor Behaviour. European Financia Rreview .
[3]. Bansal, D. A. (2015). An Analytical Study of Behavioural Finance in Investment Decisions. International Journal of Research in Finance and Marketing, 5 (4), 107-118.
[4]. Bashir, D. T. (2013). Impact of Behavioral Biases on Investors Decision Making: Male Vs Female. Journal of Business and Management, 10 (3), 60-68.
[5]. Chaudhary, A. K. (2013). Impact of Behaviuoral Finance in Investment Decisions & Strategies. International Journal of Management Research & Business Strategy, 2 (2), 85-92.

Paper Type	:	Research Paper
Title	:	Corporate Governance and the Law Governing the Management of Companies in Zimbabwe
Country	:	Zimbabwe
Authors	:	Sifile Obert || Dangwa Patience
	:	10.9790/487X-2002096670

Abstract: The study assesses the complementarity of corporate governance guidelines in Zimbabwe and the Company' Act (Chapter 24:03). It centres on corporate governance in companies and how company law comes in. A survey was carried out on 28 entities using questionnaires and interviews. The majority of the respondents were not aware of the convergence of corporate governance principles and the law. According to the respondents there are gaps between the Companies Act (24:03) and the National Code of Corporate Governance (ZIMCODE). The research shows that the law has been used to punish those found on the wrong side of corporate governance to a greater extent.

 

Keywords: Companies Act, Corporate governance, Parastatals, ZIMCODE, Zimbabwe

[1]. Bebchuck, L. Cohon, A. and Ferrel, A. (2004). What matters in corporate governance? Working paper. Cambridge: Harvard Law School.
[2]. Company's Act Chapter 24:03
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[4]. Douma, S. and Schreuder, H. (2013) Economic Approaches to Organizations, 5th edition. London: Pearson.
[5]. Franks, J. R, Mayer, C., Rossi, S. and Street, P. E. (2004). Spending Less Time with the Family. The Decline of Family Ownership in the UK. NBER Working Paper.

Paper Type	:	Research Paper
Title	:	New Product Development Time Reduction In Indian Bearing Industry By Concurrent Engineering Between Tool Design and Tool Manufacturing
Country	:	India
Authors	:	Sandeep Naga || Meenal Dadarwal || Man Mohan Singh Sodhi || Victor Gambhir
	:	10.9790/487X-2002097177

Abstract: Bearings are essential components in mechanical systems involving relative motions. The purpose of using these mechanical devices is to minimize friction between rotating components. The industrialization has started with invention of the steam engine and currently the technology has advanced to the electrical devices. With the advancement in technologies, especially that of automobile industry, bearing design also needs to be changed to complement the new vehicle designs and new bearings need to be developed from the new designs. This entire process is quite time consuming but the same should be executed at a great pace to match the pace of changing market needs and wants. The critical issue is the excessive time being used for new product development. However, this issue can be addressed by adapting transition from sequential engineering to concurrent engineering at various stages of New Product Development; the article presents the concurrent tool design and development process..........

 

Keywords:Concurrent Engineering, New Product Development (NPD), Time reduction, Bearing.

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Paper Type	:	Research Paper
Title	:	Indian Luxury Industry Challenges and Growth
Country	:	India
Authors	:	Rakesh Naru || Arvind Kumar Jain
	:	10.9790/487X-2002097887

Abstract: Luxury good is a product for which demand increases more than proportionally as the income rises, and is a contrast to a "necessity good", for which demand increases proportionally less than income. Luxury goods are often synonymous with superior goods and Veblen goods. In India , Luxury is defined by 1)Prices and perception of Product Quality 2) Co-branding Pricing Strategy 3) Perceived Value of brand's product should be coherent with its price point. (Uggla, 2017) .The reason which drives customer satisfaction in Luxury is Price, heritage and Brand Value. (Jain, 2013). However due to current economical rationalization in infrastructure issues , and other.........

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