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1 – 10 of 18
Open Access
Article
Publication date: 28 June 2021

Moirangthem Hemanta Meitei and Haobijam Bonny Singh

The paper aims to analyze the coverage of health insurance and its correlates in the north-eastern region of India.

1762

Abstract

Purpose

The paper aims to analyze the coverage of health insurance and its correlates in the north-eastern region of India.

Design/methodology/approach

The study accessed the raw data of the National Family Health Survey (NFHS-4) (2015–16), which was an extensive, multiround survey conducted in a representative sample of households throughout India, which included socioeconomic, demographic and information on coverage of health insurance of any member of the household. The multivariate analysis of logistic regression was adopted to find the correlates of health insurance for all the eight (8) north-eastern states of India.

Findings

The results observed that among the north-eastern states, the coverage of health insurance was highest in Arunachal Pradesh (59%) followed by Tripura (58%), Mizoram (47%) surpassing the all India level of 27%, whereas the lowest was in Manipur (4%) followed by Nagaland (6%) and Assam (10%). The multivariate analysis of logistic regression found that the socioeconomic and demographic factors, households with a bank account and below poverty line (BPL) cardholders played a significant role in the coverage of health insurance in the north-eastern states of India.

Research limitations/implications

The study focuses only on the coverage and correlates of health insurance. Further evaluation studies on each scheme of the social health insurance are needed for proper assessment of the health insurance schemes in the region.

Practical implications

There has been evidence around the world (South Korea, Taiwan and Thailand) that health insurance could be a protective shield from the entrapment into poverty due to high health expenditure. The NFHS-4 put up the finding that in the north-eastern part of India, the coverage of health insurance had been low. This implied that the region could fall into poverty due to high medical expenses on health. Taking account of multiple health insurance providers, risk pooling and consolidation of health insurance providers have become the need of the hour.

Originality/value

The study is different from other studies of health insurance since it covered all the eight (8) north-eastern states of India, which are ethnically, culturally and historically distinct from the rest of India in general and within the region and states in particular and examines the impact of each of the independent variables with the dependent variables. The study has shown that the variation in health insurance coverage associated with socioeconomic and other household-level demographic attributes (although not very strong).

Details

Journal of Health Research, vol. 36 no. 6
Type: Research Article
ISSN: 0857-4421

Keywords

Open Access
Article
Publication date: 10 February 2021

Rajat Deb

This study aims to explain the Indian taxpayers’ harassment saga in the name of revenue collections by the taxmen.

1410

Abstract

Purpose

This study aims to explain the Indian taxpayers’ harassment saga in the name of revenue collections by the taxmen.

Design/methodology/approach

The study gas adopted descriptive viewpoints supported by empirical evidence.

Findings

Pursuant to the recent amendments in the Act, a good number of Sections such as 132(1), 132(1 A) and 153 A have empowered the tax officials to conduct raids without explaining the reasons, call for papers for reopening assessments of cases of a decade old and has increased the quantum of penalty for the default period substantially.

Originality/value

The paper is an original one and free from plagiarism.

Details

Vilakshan - XIMB Journal of Management, vol. 18 no. 2
Type: Research Article
ISSN: 0973-1954

Keywords

Open Access
Article
Publication date: 13 December 2022

Animesh Bhattacharjee and Joy Das

The present study examines the long-run and short-run effects of monetary factors (money supply, interest rate, inflation and foreign currency exchange rate) on the Indian stock…

1909

Abstract

Purpose

The present study examines the long-run and short-run effects of monetary factors (money supply, interest rate, inflation and foreign currency exchange rate) on the Indian stock market.

Design/methodology/approach

The study used sophisticated econometric tools to analyse monthly observations from January 1993 to December 2019.

Findings

The augmented Dickey–Fuller (ADF) test indicates that the variables involved in the present study are either I(0) or I(1). The Bai–Perron test multiple break point test identifies four breakpoint dates in the Indian stock market index series. The breakpoint dates are incorporated as different dummy variables in the autoregressive distributed lag-error correction model (ARDL-ECM) regression. The F-bounds test reveals that the variables in the study are cointegrated within the time period under consideration. This study’s findings show that the interest rate, which is a proxy for monetary policy instrument, and the foreign currency exchange rate have a negative impact on the Indian stock market. Furthermore, the authors find that structural changes significantly affect the performance of Indian stock market.

Practical implications

The study's outcomes indicate that economic factors should be taken into account by investors and portfolio managers when formulating long-term investment strategies. The government, through the Reserve Bank of India, should exercise caution in avoiding discretionary actions that could increase interest rates since the flow of funds to the stock market will be disrupted. To reduce risk, investors should keep a close eye on how interest rates and foreign exchange rates are rising.

Originality/value

The study covers a long period of time, which the majority of previous work did not consider. Furthermore, the study uses different dummy variables in the ARDL model to represent structural breaks (as determined by the Bai–Perron multiple break point test).

Details

IIM Ranchi journal of management studies, vol. 2 no. 1
Type: Research Article
ISSN: 2754-0138

Keywords

Open Access
Article
Publication date: 23 November 2023

Muhammad Saiful Islam

After the fall of Burma on 10 March 1942 the British government extensively implemented scorched-earth policies in Bengal like denial of rice and boats. The British government had…

Abstract

Purpose

After the fall of Burma on 10 March 1942 the British government extensively implemented scorched-earth policies in Bengal like denial of rice and boats. The British government had inadequate defense equipment to resist Japanese attack in Bengal. After the Japanese invasion supply of Burmese rice suddenly stopped. Faridpur district used to import rice from Burma. The Burmese conquest created an immediate and serious crisis for several rice imported districts and coastal districts of Bengal. Hence, none of the districts of East Bengal could escape its brutal clutches and severity recorded in Chittagong, Dhaka, Faridpur, Tripura, Noakhali, Bakargonj and so on.

Design/methodology/approach

Among the affected districts of Bengal, Faridpur has been chosen as study area due to severity of famine. This study addresses the famine scenario of Faridpur. Data has been collected from primary and secondary sources. Content Analysis Research method is used to test reliability and validity of the data. Historical Analysis Research method has been followed in this study.

Findings

Finding of the study shows that the government relief issues, ignorance of warnings, political nepotism and denial policy of British government intensified the famine of Faridpur district. The wartime tactics adopted by the colonial government aggravated the famine situation. This article has shed light on the government war time policy, activity and some impacts of British decline in Burma that fueled the famine in Faridpur district.

Originality/value

This study is my original research work and has not been published else where.

Details

Southeast Asia: A Multidisciplinary Journal, vol. 24 no. 1
Type: Research Article
ISSN: 1819-5091

Keywords

Open Access
Article
Publication date: 8 May 2024

Tapas Kumar Sethy and Naliniprava Tripathy

This study aims to explore the impact of systematic liquidity risk on the averaged cross-sectional equity return of the Indian equity market. It also examines the effects of…

Abstract

Purpose

This study aims to explore the impact of systematic liquidity risk on the averaged cross-sectional equity return of the Indian equity market. It also examines the effects of illiquidity and decomposed illiquidity on the conditional volatility of the equity market.

Design/methodology/approach

The present study employs the Liquidity Adjusted Capital Asset Pricing Model (LCAPM) for pricing systematic liquidity risk using the Fama & MacBeth cross-sectional regression model in the Indian stock market from January 1, 2012, to March 31, 2021. Further, the study employed an exponential generalized autoregressive conditional heteroscedastic (1,1) model to observe the impact of decomposed illiquidity on the equity market’s conditional volatility. The study also uses the Ordinary Least Square (OLS) model to illuminate the return-volatility-liquidity relationship.

Findings

The study’s findings indicate that the commonality between individual security liquidity and aggregate liquidity is positive, and the covariance of individual security liquidity and the market return negatively affects the expected return. The study’s outcome specifies that illiquidity time series analysis exhibits the asymmetric effect of directional change in return on illiquidity. Further, the study indicates a significant impact of illiquidity and decomposed illiquidity on conditional volatility. This suggests an asymmetric effect of illiquidity shocks on conditional volatility in the Indian stock market.

Originality/value

This study is one of the few studies that used the World Uncertainty Index (WUI) to measure liquidity and market risks as specified in the LCAPM. Further, the findings of the reverse impact of illiquidity and decomposed higher and lower illiquidity on conditional volatility confirm the presence of price informativeness and its immediate effects on illiquidity in the Indian stock market. The study strengthens earlier studies and offers new insights into stock market liquidity to clarify the association between liquidity and stock return for effective policy and strategy formulation that can benefit investors.

Details

China Accounting and Finance Review, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1029-807X

Keywords

Open Access
Article
Publication date: 21 November 2023

Mahesh Dahal, Amit Sangma, Joy Das and Paulami Ray

The study attempts to examine the impact of mandatory corporate social responsibility (CSR) spending and inclusion of firms into the environment, social and governance (ESG) index…

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Abstract

Purpose

The study attempts to examine the impact of mandatory corporate social responsibility (CSR) spending and inclusion of firms into the environment, social and governance (ESG) index of BSE India on the performance of firms constituting firms under the Bombay Stock Exchange (BSE) 100 Index.

Design/methodology/approach

The stock prices of the firms were collected from the official website of BSE India for a total of 32 firms and the System Generalized Method of Moments (GMM) model was utilized for analyzing the data for the present study.

Findings

The study found that the investors in the Indian market do consider the CSR spending and ESG listing as a factor while framing the investment strategy; however, ESG listing is least preferred. Among the other variables, AGE, DPS, EPS and BVPS have a significant positive bearing on the firm's performance, while SIZE has a significant negative impact on the firm's performance.

Research limitations/implications

Further investigation is needed to understand the factors that influence investment decision-making, including why investors tend to overlook CSR and environmental protection. Future research can identify ways to increase the importance of these factors in investment decision-making. Future research can explore the long-term impact of investing in socially responsible companies, including whether such investments lead to better long-term performance.

Practical implications

There is a need for increased awareness of the importance of CSR among investors. Educational programs and campaigns can be used to inform investors about the potential benefits of considering social responsibility factors in investment decision-making. Companies that prioritize CSR and environmental protection should distinguish themselves from competitors in the eyes of investors. This can lead to higher investment and potentially higher returns for these companies.

Originality/value

Since mandatory CSR expenditure and the launch of the ESG index by the BSE have been introduced in India recently, hardly any study in India has examined the impact of the same on the firm's performance.

Details

Rajagiri Management Journal, vol. 18 no. 2
Type: Research Article
ISSN: 0972-9968

Keywords

Open Access
Article
Publication date: 6 June 2023

Mukesh Nepal and Rajat Deb

The study has endeavored to assay the nexus between the converged version of the International Financial Reporting Standards (IFRS) on the performance of the Indian-listed…

1348

Abstract

Purpose

The study has endeavored to assay the nexus between the converged version of the International Financial Reporting Standards (IFRS) on the performance of the Indian-listed manufacturing firms.

Design/methodology/approach

The study has randomly accessed the data of the Bombay Stock Exchange (BSE) listed Indian manufacturing firms using the Prowess IQ database. It has covered 2014–2016 as pre-IFRS and 2017–2020 as the post-IFRS convergence period. Moreover, the study has followed a longitudinal research design with cross-sectional time-series data and has used the difference-in-difference (DiD) technique to assess the effect of the IFRS convergence on firm performance (FP).

Findings

The results have indicated that the adoption of the Indian Accounting Standards (Ind AS) has unlikely reported better FP. It has concurred policy implications as full adoption rather than convergence could reap the benefits of the IFRS.

Originality/value

It has contributed to the existing body of knowledge by assaying the effect of the IFRS convergence on FP in developing economies like India using the DiD methodology. The study is an original piece of research and is free from plagiarism.

Details

Rajagiri Management Journal, vol. 18 no. 1
Type: Research Article
ISSN: 0972-9968

Keywords

Open Access
Article
Publication date: 15 February 2022

Prasanjit Dasgupta

Nurses need to display organizational citizenship behavior (OCB) for taking care of patients; uninterrupted care to coronavirus disease 2019 (COVID-19) patients in a stressful…

1719

Abstract

Purpose

Nurses need to display organizational citizenship behavior (OCB) for taking care of patients; uninterrupted care to coronavirus disease 2019 (COVID-19) patients in a stressful situation may result in emotional exhaustion and it hinders nurses' exercise of OCB. One perceives support when positive exchanges with team leaders and members (LMX) and team and members (TMX) take place for the benefit of self and the unit and lead to a feeling of commitment to the work team; the exchange facilitates the discharge of OCB. The study aims to explore the mediation effect of team commitments on the relationship between these factors with OCB of nurses in handling COVID patients.

Design/methodology/approach

The cross-sectional exercise attempts to find the impact of emotional exhaustion, LMX and TMX on the OCB of the nurses and mediating effects of team commitments on OCB; correlation analysis and multiple regressions are in use for examining the relationships. The use of Sobel test and bootstrapping exercise confirm the mediation and consistency of mediation results on a larger sample.

Findings

The paper finds that LMX, TMX and team commitments significantly relate to OCB; emotional exhaustion negatively impacts OCB and team commitments fully mediate the relationship between emotional exhaustion and OCB and partially mediate the relation between LMX and TMX with OCB.

Originality/value

Tests demonstrate that team commitments can neutralize the effects of emotional exhaustion resulting from handling COVID-19 patients on OCB of the nurses and is an addition to organizational behavior literature. The study also presents a model that shows how positive LMX, TMX and resultant team commitments support generating OCB and offset the impact of emotional exhaustion. Theoretical and managerial implications, limitations and scope for further research discussed in the paper.

Details

IIM Ranchi journal of management studies, vol. 1 no. 2
Type: Research Article
ISSN: 2754-0138

Keywords

Open Access
Article
Publication date: 29 December 2017

Prasenjit Dey, Aniruddha Bhattacharya and Priyanath Das

This paper reports a new technique for achieving optimized design for power system stabilizers. In any large scale interconnected systems, disturbances of small magnitudes are…

1831

Abstract

This paper reports a new technique for achieving optimized design for power system stabilizers. In any large scale interconnected systems, disturbances of small magnitudes are very common and low frequency oscillations pose a major problem. Hence small signal stability analysis is very important for analyzing system stability and performance. Power System Stabilizers (PSS) are used in these large interconnected systems for damping out low-frequency oscillations by providing auxiliary control signals to the generator excitation input. In this paper, collective decision optimization (CDO) algorithm, a meta-heuristic approach based on the decision making approach of human beings, has been applied for the optimal design of PSS. PSS parameters are tuned for the objective function, involving eigenvalues and damping ratios of the lightly damped electromechanical modes over a wide range of operating conditions. Also, optimal locations for PSS placement have been derived. Comparative study of the results obtained using CDO with those of grey wolf optimizer (GWO), differential Evolution (DE), Whale Optimization Algorithm (WOA) and crow search algorithm (CSA) methods, established the robustness of the algorithm in designing PSS under different operating conditions.

Details

Applied Computing and Informatics, vol. 16 no. 1/2
Type: Research Article
ISSN: 2634-1964

Keywords

Open Access
Article
Publication date: 18 August 2020

Saroni Biswas, Anirban Biswas, Arabinda Das and Saon Banerjee

This study aims to assess the biodiversity of the study area and estimate the carbon stock of two dry deciduous forest ranges of Banka Forest Division, Bihar, India.

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Abstract

Purpose

This study aims to assess the biodiversity of the study area and estimate the carbon stock of two dry deciduous forest ranges of Banka Forest Division, Bihar, India.

Design/methodology/approach

The phytosociological analysis was performed and C stock estimation based on volume determination through nondestructive methods was done.

Findings

Phytosociological analysis found total 18,888 [14,893 < 10 cm (diameter at breast height) dbh] and 2,855 (1,783 < 10 cm dbh) individuals at Banka and Bounsi range with basal area of 181,035.00 cm2 and 32,743.76 cm2, respectively. Importance value index was highest for Shorea robusta in both the ranges. Species diversity index and dominance index, 1.89 and 1.017 at Banka and 1.99 and 5.600 at Bounsi indicated the prevalence of biotic pressure. Decreased dbh and tree height resulted in a lowered growing stock volume as 59,140.40 cm3 ha−1 (Banka) and 71,306.37 cm3 ha−1 (Bounsi). Total C stock at Banka and Bounsi range was 51.8 t ha-1 and 12.56 t ha−1, respectively where the highest C stock is recorded for Shorea robusta in both the ranges (9.8 t ha−1 and 2.54 t ha-1, respectively). A positive correlation between volume, total biomass and basal area of tree species with C stock was observed. R2 value for Banka range was 0.9269 (volume-C stock), 1 (total biomass-C stock) and 0.647 (basal area-C stock). Strong positive correlation was also established at Bounsi range with R2 value of 1. Considering the total forest area enumerated, C sequestration potential was about 194.25 t CO2 (Banka) and 45.9 t CO2 (Bounsi). The valuation of C stock was therefore US$2,525.25 (Banka) and US$596.70 (Bounsi).

Practical implications

The research found the potentiality of the study area to sequester carbon. However, for future, the degraded areas would require intervention of management strategies for restoration of degraded lands and protection of planted trees to increase the carbon sequestration potential of the area.

Originality/value

Present study is the first attempt to assess the phytosociology and estimate the regulatory services of forest with respect to biomass and carbon stock estimation for the Banka forest division of Bihar.

Details

Ecofeminism and Climate Change, vol. 2 no. 1
Type: Research Article
ISSN: 2633-4062

Keywords

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