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Article
Publication date: 4 June 2018

Amarjit Gill, Harvinder Singh Mand, John D. Obradovich and Neil Mathur

The purpose of this paper is to examine the impact of financial support from non-resident family members (FSNRFM) on the financial performance of newer agribusiness firms in India.

Abstract

Purpose

The purpose of this paper is to examine the impact of financial support from non-resident family members (FSNRFM) on the financial performance of newer agribusiness firms in India.

Design/methodology/approach

Owners of newer agribusiness firms (five years old or less) from India were surveyed regarding the perceived impact of FSNRFM on the financial performance of newer agribusiness firms.

Findings

The results show that newer agribusiness firms with FSNRFM perform better than those without FSNRFM; and build higher levels of internal financing sources relative to the newer agribusiness firms without FSNRFM, which, in turn, improves their performance.

Research limitations/implications

This is a co-relational study that investigated the association between FSNRFM and financial performance of newer agribusiness firms. There is not necessarily a causal relationship between the two. The findings of this study may only be generalized to firms similar to those that were included in this research.

Originality/value

The study enriches the literature concerning newer agribusiness firms and the factors that improve their financial performance. The results of this study can be of great significance for owners of these firms, financial managers, farm management consultants, and other stakeholders to understand the impact of FSNRFM on financial performance of newer agribusiness firms.

Details

Journal of Agribusiness in Developing and Emerging Economies, vol. 8 no. 2
Type: Research Article
ISSN: 2044-0839

Keywords

Article
Publication date: 12 April 2018

Harvinder Singh Mand, Meenakshi Atri, Amarjit Gill and Afshin Amiraslany

The purpose of this paper is to examine the impact of bank financing and internal financing sources on women’s motivation for e-entrepreneurship.

Abstract

Purpose

The purpose of this paper is to examine the impact of bank financing and internal financing sources on women’s motivation for e-entrepreneurship.

Design/methodology/approach

Female owners of e-businesses in India were surveyed regarding their perceptions of bank financing, internal financing sources and their motivations for e-entrepreneurship.

Findings

The findings of this study show that bank financing and internal financing sources positively impact women’s motivation for e-entrepreneurship in India. The results show that family status, education, easy access to new business information and location positively impact women’s motivation for e-entrepreneurship in India. The findings also show that bank financing has a higher impact on women’s motivation for e-entrepreneurship compared with internal financing sources.

Research limitations/implications

This is a co-relational study that investigated the relationship between bank financing and women’s motivation for e-entrepreneurship and the relationship between internal financing sources and women’s motivation for e-entrepreneurship. There is not necessarily a causal relationship between the two. The findings of this study may only be generalized to individuals similar to those that were included in this research.

Originality/value

This study contributes to the literature on the impact of bank financing and internal financing sources on women’s motivation for e-entrepreneurship. The findings may be useful for investment advisors, the Indian Government and entrepreneurship consultants.

Details

International Journal of Gender and Entrepreneurship, vol. 10 no. 2
Type: Research Article
ISSN: 1756-6266

Keywords

Article
Publication date: 4 March 2022

Amarjit Gill, Parminder Kang and Afshin Amiraslany

This study aims to test the relationship between information technology investment (IT_INVEST) and working capital management (WCM) efficiency.

Abstract

Purpose

This study aims to test the relationship between information technology investment (IT_INVEST) and working capital management (WCM) efficiency.

Design/methodology/approach

This study utilized a survey research design to collect data from micro, small and medium enterprises (MSMEs) owners in India.

Findings

Empirical results show that perceived IT_INVEST plays a role in improving WCM efficiency by decreasing the inventory holding period and reducing the cash conversion cycle (CCC) in India. A three-stage least square model (3SLS) shows that IT_INVEST decreases CCC directly and indirectly through the inventory holding period, accounts receivable period and accounts payable period. The empirical analysis also shows that IT_INVEST decreases the inventory holding period and CCC by 16.80% and 26.40%, respectively, for the examined firms.

Research limitations/implications

If MSMEs' owners perceive a higher level of IT_INVEST, then the owners perceive a higher WCM efficiency and vice versa.

Originality/value

This study contributes to the literature on the relationship between IT_INVEST and WCM efficiency. This study may encourage further studies of IT investment and WCM efficiency using data from other industries and countries. MSME owners may find empirical results beneficial to improve WCM efficiency. Moreover, financial management consultants may find results helpful to provide consulting services.

Details

South Asian Journal of Business Studies, vol. 12 no. 4
Type: Research Article
ISSN: 2398-628X

Keywords

Article
Publication date: 12 March 2018

Amarjit Gill and Neil Mathur

The purpose of this paper is to investigate the relationship between religious beliefs and socially responsible investment in the Indian agricultural industry.

Abstract

Purpose

The purpose of this paper is to investigate the relationship between religious beliefs and socially responsible investment in the Indian agricultural industry.

Design/methodology/approach

Owners of small agribusiness firms from India were interviewed regarding their perceptions of religious beliefs and socially responsible investment in the agricultural industry.

Findings

The survey indicates that while religious beliefs and internal financing sources increase perceived socially responsible investment, the higher cost of debt capital decreases perceived socially responsible investment in the Indian agricultural industry. The higher level of internal financing sources, however, decreases the perceived cost of debt capital which may increase socially responsible investment in the Indian agricultural industry.

Research limitations/implications

This is a co-relational study that investigated the association between religious beliefs and socially responsible investment. There is not necessarily a causal relationship between the two. The findings of this study may only be generalized to firms similar to those that were included in this research.

Originality/value

This study contributes to the literature on the factors that increase socially responsible investment in the agricultural industry. The study also provides critical policy recommendations to minimize managerial implications. The findings may be useful for financial managers, agribusiness owners (farmers), investors, agribusiness management consultants, and other stakeholders.

Article
Publication date: 23 February 2021

Harvinder S. Mand, Gaganpreet Kaur, Amarjit Gill and Neil Mathur

This study tests the impact of family control on information technology (IT) investment and IT adoption in MSMEs in India.

Abstract

Purpose

This study tests the impact of family control on information technology (IT) investment and IT adoption in MSMEs in India.

Design/methodology/approach

This study employs a survey research design. Micro, small, and medium enterprise (MSME) owners in India were surveyed to test the impact of family control on IT investment and IT adoption.

Findings

Our empirical results show that family control — measured by family ownership, family member firm management, and/or family CEO duality — increases IT investment and IT adoption in India. Family ownership increases the chances of IT investment and IT adoption by 19.24% and 38.40%, respectively. Firm management by family members increases the chances of IT investment and IT adoption by 11.29% and 18.29%, respectively. CEO duality increases the chances of IT investment and IT adoption by 51.13% and 258%, respectively. Thus, CEO duality has a higher impact on IT investment and IT adoption than family ownership and firm management by family members.

Research limitations/implications

The empirical results may be generalized only to MSMEs similar to those surveyed in this study. Additionally, this study relied on the perceptions and judgments of MSME owners.

Originality/value

This study contributes to the literature on the impact of family control on IT investment and IT adoption in the developing economics. This study can help scholars to develop further studies in the family control area. Our findings may help MSME owners to increase family control to survive and prosper into the future. Additionally, MSME management consultants may find the empirical results useful to provide consulting services.

Details

International Journal of Emerging Markets, vol. 17 no. 9
Type: Research Article
ISSN: 1746-8809

Keywords

Article
Publication date: 18 June 2019

Amarjit Gill, Afshin Amiraslany, John Obradovich and Neil Mathur

The purpose of this paper is to investigate the impact of efficient working capital management (WCM) on a firm’s bond quality ratings (BQR) and debt refinancing risk (RFR).

Abstract

Purpose

The purpose of this paper is to investigate the impact of efficient working capital management (WCM) on a firm’s bond quality ratings (BQR) and debt refinancing risk (RFR).

Design/methodology/approach

To fulfill its purpose, this study adopted a co-relational research design. Additionally, the COMPUSTAT of Wharton Research Data Services was used to collect data from American production firms for a period of five years (from 2013 to 2017).

Findings

The results of this study suggest that efficient WCM does, in fact, play a role in improving BQR of American production firms. Furthermore, the findings go on to suggest that efficient WCM plays a very little role in reducing RFR for American production firms.

Research limitations/implications

This is a correlational study that investigated the presence of an association between efficient WCM and firms’ BQR and between efficient WCM and RFR. However, the two do not necessarily share a causal relationship. Moreover, the findings of this study may only be generalized to firms that are similar to those that were included in this research.

Originality/value

This study contributes to the literature on financial factors that improve a firm’s BQR. Firms should consider maintaining an optimal net working capital as it improves BQR. Moreover, the findings of this study may prove useful for financial managers, investors, financial management consultants and other stakeholders.

Details

Managerial Finance, vol. 45 no. 7
Type: Research Article
ISSN: 0307-4358

Keywords

Article
Publication date: 29 November 2018

Amarjit Gill, Harvinder S. Mand, Nahum Biger and Neil Mathur

The purpose of this paper is to examine the influence of the level of religious beliefs and individual spirituality of small business owners on their decision to insure.

Abstract

Purpose

The purpose of this paper is to examine the influence of the level of religious beliefs and individual spirituality of small business owners on their decision to insure.

Design/methodology/approach

Small business owners from India were asked about their perceptions regarding the relationship between their level of religious beliefs and spirituality and their decision to insure.

Findings

The results of this study show that the level of religious beliefs and individual spirituality of small business owners positively influence their decisions to purchase commercial insurance and life insurance to manage financial risk in India.

Research limitations/implications

This is a co-relational study that investigated the association between the level of religious beliefs, spirituality, and decision to insure. There is not necessarily a causal relationship between the two. The findings of this study may only be generalized to individuals similar to those that were included in this research.

Originality/value

This study adds to literature on the relationship between the level of religious beliefs, spirituality, and decision to insure. The findings may be useful for financial planners, small business owners and financial management consultants.

Details

International Journal of Emerging Markets, vol. 13 no. 5
Type: Research Article
ISSN: 1746-8809

Keywords

Article
Publication date: 10 October 2016

Amarjit Gill, Min Thu Maung and Reza H. Chowdhury

The purpose of this paper is to investigate the impact of social capital of non-resident family members on small business debt financing. Recent literature in entrepreneurship…

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Abstract

Purpose

The purpose of this paper is to investigate the impact of social capital of non-resident family members on small business debt financing. Recent literature in entrepreneurship suggests that small businesses can borrow social capital to improve their access to debt financing.

Design/methodology/approach

Micro-entrepreneurs from India were interviewed regarding their ability to raise capital from family members as well as their relationship with banks and politicians.

Findings

The survey indicates that small business entrepreneurs are able to borrow social capital from non-resident Indians. Results also suggest that these small businesses are more likely to be connected to banks and politicians facilitated by their non-resident family members, which not only improves micro-entrepreneurs’ access to debt financing but also reduces their cost of borrowing.

Research limitations/implications

This is a co-relational study that investigates the association between social capital of non-resident family members and small business debt financing. There is not necessarily a causal relationship between the two. The findings of this study may only be generalized to firms similar to those that were included in this research.

Originality/value

This study contributes to the literature on the factors that improve the access to small business debt financing. The findings may be useful for financial managers, investors, financial management consultants, entrepreneurs, and other stakeholders.

Details

International Journal of Managerial Finance, vol. 12 no. 5
Type: Research Article
ISSN: 1743-9132

Keywords

Article
Publication date: 11 January 2013

Amarjit S. Gill and Nahum Biger

The purpose of this study is to investigate the impact of corporate governance on working capital management efficiency. This study also seeks to extend the findings of Gill and…

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Abstract

Purpose

The purpose of this study is to investigate the impact of corporate governance on working capital management efficiency. This study also seeks to extend the findings of Gill and Shah.

Design/methodology/approach

This study applied a co‐relational research design. A sample was selected of 180 American manufacturing firms listed on the New York Stock Exchange (NYSE) for a period of 3 years (from 2009‐2011).

Findings

The findings of this study indicate that corporate governance plays some role in improving the efficiency of working capital management.

Research limitations/implications

This is a co‐relational study that investigated the association between corporate governance and working capital management efficiency. There is not necessarily a causal relationship between the two, although the paper provides some conjectures to the findings. The findings of this study may only be generalized to firms similar to those that were included in this research.

Originality/value

This study contributes to the literature on the factors that improve the efficiency of working capital management, and in particular on the association between several features of corporate governance and the efficiency of working capital management. The findings may be useful for financial managers, investors, financial management consultants, and other stakeholders.

Article
Publication date: 9 March 2010

Amarjit Gill, Stephen Fitzgerald, Smita Bhutani, Harvinder Mand and Suraj Sharma

The purpose of this paper is to examine the relationship between transformational leadership (TL) and employee desire for empowerment (EDFE). This study also aims to extend Gill

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Abstract

Purpose

The purpose of this paper is to examine the relationship between transformational leadership (TL) and employee desire for empowerment (EDFE). This study also aims to extend Gill and Mathur's findings regarding improving employee dedication and pro‐social behavior.

Design/methodology/approach

Hospitality industry employees from Canada and India were surveyed to test the relationship between TL and EDFE in countries that differ substantially in their levels of cultural power distance.

Findings

Results suggest that the improvement in the degree of EDFE is positively related to the improvement in the degree of perceived TL implementation in the hospitality industry in both countries. However, substantial differences in relative impact were observed between restaurant (high in both countries) and hotel/motel workers (low in Canada, high in India). In addition to cultural power distance, levels of TL and EDFE were significantly lower in India than in Canada, and levels of TL were significantly lower among restaurant workers than among hotel/motel workers.

Practical implications

Managers who exhibit TL behaviors are more likely to heighten their employees' desire to be empowered, regardless of cultural context.

Originality/value

The findings help to explain failures in organizational efforts to empower workers by demonstrating the critical role of TL behaviors in heightening EDFE.

Details

International Journal of Contemporary Hospitality Management, vol. 22 no. 2
Type: Research Article
ISSN: 0959-6119

Keywords

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