Work alienation of marketing employees: Influence of task,supervisory, and organizational structure factors

This study presents an integrated work alienation model that includes a number of relevant exogenous antecedents from the task, supervisory, and organizational structure domains. The study hypothesizes that these antecedents influence work alienation of marketing employees both directly and indirectly because of the effects they have on employees’ role stress and commitment to the organization. Simultaneous inclusion of relevant antecedents enables the study to establish the relative importance of each antecedent for work alienation of employees. The study also includes a comparative evaluation of the applicability of the proposed model for subgroups of employees stratified by gender. He obtained his Ph.D. at the University of Texas at Austin and has several years of practical experience in sales management. His research interests are in the areas of sales management, marketing strategy, and international marketing. He has previously published in the International Journal of Research in Marketing, Journal of Economic Behavior and Organization, Journal of International Business Studies, Journal of Personal Selling and Sales Management, and a number of other marketing/international journals. He obtained his Ph.D. at Ohio State University. His practical experience includes international trade of merchandise and sales and supply of industrial plants and equipment. His research interests are in the areas of international marketing and sales management. He has previously published in Advances in International Marketing, International Trade Journal, Journal of International Business Studies, and Journal of Personal Selling and Sales Management, and has contributed to several national and international conference proceedings. He obtained his Ph.D. at the University of Texas at Austin and has several years of practical experience in advertising management. His research interests are in the areas of advertising, marketing strategy, and international marketing. He has previously published in the Journal of Advertising Research and has contributed to several national conference proceedings.     

Currency futures, news releases, and uncertainty resolution

The effects of domestic macroeconomic news releases on futures on the British Pound (BP), Canadian Dollar (CD), Deutsche Mark (DM), Japanese Yen (JY), and Swiss Franc (SF) are examined. The results show that all five futures respond to the release of macroeconomic news, especially the first set of news releases issued at 7:30 a.m. (CST). Results of tests that identify the effects of individual announcements suggest that news in the Employment Report, the Trade Deficit, Industrial Production, and Capacity Utilization affects all five futures. Other announcements do not have such widespread effects. Volatility increases following the announcements persist for some time. Such increases are not uniform across the five instruments. For instance, following the 7:30-a.m. announcements, for the JY, BP, and SF, higher variance is observed for 30 min. However, for the DM and CD, the increase is 45 and 15 min, respectively.     

One explanation for the demographic transition in developing countries

This paper considers, in an overlapping generations model, thefertility choice of parents confronted with the possibilityof child mortality. The motive for having children is assumedto be old age security and, therefore, not altruistic It isshown first in a partial equilibrium setting that reductionsin child mortality can induce a demographic transition. In ageneral equilibrium setting, it is shown that a marginal reductionin child mortality can raise or lower the standard of livingof the steady-state equilibrium population, depending on theinitial level of child mortality. Finally the paper draws somerelevant policy implications.     

Capital-enhanced equilibrium exchange rate: evidence from India

This article examines the validity of the capital-enhanced equilibrium exchange rate (CHEER) approach using quarterly data ranging from 1993Q1 to 2016Q2. Using unit root break test and structural break cointegration technique, our overall results indicated that the CHEER is invalidated once a structural break is accounted for in the cointegration relationship. The rejection of the validity could be attributed to the asymmetry in the capital flows and exchange rates being not fully flexible.     

Herding by Foreign Institutional Investors: An Evidential Exploration for Persistence and Predictability

The primary objective of the study is to explore the predictability of herding patterns of foreign institutional investors in the Indian market using high frequency data over a period from January 2003 to June 2014. Herding of an individual stock was measured estimating a simple volume based ratio and persistence of trends was detected using the runs test (Wald and Wolfowitz [1940 Wald, A., and J. Wolfowitz. “On a Test Whether Two Samples are from the Same Population.” The Annals of Mathematical Statistics, 11, (1940), pp. 147–162.[Crossref] , [Google Scholar]]) on that ratio. Predictability of herding behavior has been successfully modeled by applying 7 data mining models using various measures of performance. Market regulators may consider our findings to regulate the foreign institutional investors trading to make the financial system more transparent and robust.     

Benchmarking Indian banks using DEA in post-reform period: a progressive time-weighted mean approach

The ranking of banks based on single period data could mislead the management as well as customers, as many one-time influences may wrongly portray banks with lasting strategy. This study uses data envelopment analysis (DEA) models to rank Indian banks based on their performance over 13 years of post-reform period by using the progressive time-weighted means of variable benchmarking super-efficiency scores. Furthermore, the relative performances of these banks are evaluated against the ‘best practice’ bank by using the fixed benchmarking DEA model. The results show no statistical evidence of dominance of either public sector banks over private sector banks or vice-versa when their efficiencies are evaluated with the common frontier. However, the variations in efficiency across the public sector banks are comparatively less as compared with private sector banks. The efficiency based on the ownership frontier further supports our argument that the public sector banks are relatively more consistent in their performance over the years as well as across the banks. The results show a huge difference in the ranking of some of the banks when the usual method of ranking is compared with progressive time-weighted mean approach, where the performance of the banks over the years is taken into account.     

Cross-border insolvency law in India: Are the principles of comity of courts and inherent common law jurisdiction relevant?

Deliberations are in the final stages for enacting a cross-border insolvency law in India based on the UNCITRAL Model Law on Cross Border Insolvency 1997 (‘Model Law’). The cross-border insolvency regime in India will provide an avenue for recognising foreign insolvency proceedings in India. Although it is a matter of time before India adopts the Model Law, it is important to examine whether there remains an independent basis in addition to the Model Law for recognising and providing assistance to cross-border insolvency proceedings in India. This is crucial on account of the following reasons: first, the Model Law does not provide that it is the exclusive pathway for foreign creditors to seek remedies under domestic law. The Model Law, as reflected in Article 7, was intended by its drafters to be an additional gateway to those provided under local laws. The proposed Indian law in Article 5 of Draft Part Z of the Insolvency and Bankruptcy Code 2016 also does not depart expressly from this principle. Second, there may be instances where neither the ‘Centre of Main Interests’ nor an establishment of a corporate debtor is situated in India; therefore, assistance and cooperation in respect of such cross-border insolvency proceeding can only be based on the inherent common law jurisdiction, if available. Third, the cross-border insolvency framework in India will be premised on the requirement for reciprocity and, therefore, countries that do not meet the reciprocity requirement may find it beneficial if such an independent basis for recognition exists in India. This article argues that foreign representatives should be encouraged to explore the possibility of seeking assistance from the commercial courts in India under the common law principles governing cross-border insolvency and that the courts in India should be open to this possibility.