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Article
Publication date: 5 June 2023

Sakshi Kukreja, Girish Chandra Maheshwari and Archana Singh

This study aims to examine the impact of home–host country distance on the cross-border mergers and acquisitions performance.

Abstract

Purpose

This study aims to examine the impact of home–host country distance on the cross-border mergers and acquisitions performance.

Design/methodology/approach

The results of this study are based on a final sample of 483 completed cross-border deals involving BRICS nation acquirers and targets spread across a set of 27 nations. While controlling for prior experience, among other factors, the impact of nine institutional distance dimensions on deal performance is examined. Cumulative abnormal returns calculated over the select event windows are used as a measure of deal performance.

Findings

The results of this study validate the explanatory power of cross-country distance and exhibit that financial and cultural distance exert a negative influence on deal performance, whereas political and global connectedness distance positively impacts performance. Interestingly, geographic distance is not found to be related to performance outcomes.

Research limitations/implications

The results of this study caution against possible aggregation of the cross-country distance measure and point towards the need to acknowledge and analyse the multi-dimensional nature of distance.

Practical implications

The results of this study are expected to aid managers in devising internationalisation strategies and target selection, maximising their performance and shareholder wealth.

Originality/value

This study contributes to the knowledge of internationalisation and cross-country distance. It presents as one of the first to investigate the impact of institutional distance on deal performance using a substantially large multi-country emerging market data set.

Details

Review of International Business and Strategy, vol. 34 no. 1
Type: Research Article
ISSN: 2059-6014

Keywords

Article
Publication date: 26 August 2021

Meha Joshi, Girish Chandra Maheshwari and Rajan Yadav

This study aims to add to the current understanding of mediation and moderation processes through which employee career orientation (CO) is linked with organizational citizenship…

Abstract

Purpose

This study aims to add to the current understanding of mediation and moderation processes through which employee career orientation (CO) is linked with organizational citizenship behavior (OCB).

Design/methodology/approach

Data were collected from 214 employees working in Delhi and NCR of India. Structural equation modeling (SEM) was used for testing moderated mediation and establishing linkages between CO, CMP and OCB. Drawing on the social exchange theory, our model posits that the effect of CO on the outcome variable OCB is mediated by career management practices (CMPs) and the CMP-mediated relationship between the two is moderated by the gender of employees.

Findings

Overall, data from 214 employees from service organizations in India support the model. This suggests that the enactment of OCB as a consequence of CO and OCB is largely dependent on the gender of employees. The relationship was observed in such a way that for women employees, CMP will have a stronger influence on the CO-OCB relationship. According to bootstrap results, upon the addition of CMP as a mediator, the main effect of CO on OCB among male employees was significant but dropped from the Beta value of 0.281 to 0.196. However, adding CMP as a mediator among women employees caused the CO-OCB relationship to become insignificant (Beta = 0.124; LLCI = 0.415; ULCI = −0.127; p = 0.420), highlighting that CMP would have a more substantial influence on the CO-OCB relationship.

Originality/value

This study explains the mediational role of CMP in the relationship between CO and OCB (explaining how the employees with new CO can trigger the role of CMP, and consequently, CMP can help them enact OCB) and how the gender of employees moderate the mediated impact of CMP in the relationship between CO and OCB (explaining how the mediated relationship varies across genders). The novelty of the study lies in exploring such a relationship that has not been studied so far.

Details

Kybernetes, vol. 51 no. 12
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 28 October 2019

Piyoosh Rautela, Girish Chandra Joshi and Shailesh Ghildiyal

The purpose of this study is to estimate the cost of seismic resilience of identified vulnerable lifeline public buildings in earthquake-prone Himalayan province of Uttarakhand in…

Abstract

Purpose

The purpose of this study is to estimate the cost of seismic resilience of identified vulnerable lifeline public buildings in earthquake-prone Himalayan province of Uttarakhand in India.

Design/methodology/approach

Built area of the identified vulnerable lifeline buildings together with prevalent rate of construction has been considered for assessing the cost of seismic resilience while improvised rapid visual screening (RVS) technique, better suited to the built environment in the region, has been used for assessing seismic vulnerability.

Findings

Investment of US$250.08m is assessed as being required for ensuring seismic safety of 56.3, 62.1, 52.9, 64.6, 71.9 and 61.7% surveyed buildings, respectively, of fire and emergency services, police, health, education, local administration and other departments that are to become non-functional after an earthquake and result in a major socio-political turmoil. A total amount of US$467.71m is estimated as being required for making all the buildings of these departments seismically resilient.

Research limitations/implications

Actual investment estimates and reconstruction/retrofitting plans have to be prepared after detailed investigations as RVS technique only provides a preliminary estimate and helps in prioritising buildings for detailed investigations.

Practical implications

This study is intended to provide a snapshot of the state of seismic vulnerability together with the financial resources required for corrective measures. This is to help the authorities in planning phased mobilisation of financial and technical resources for making the built environment seismically resilient.

Social implications

This study is to bring forth awareness on this important issue and consequent public opinion in favour of safety of public facilities to ensure allocation of appropriate financial resources together with changes in techno-legal regime for the cause of earthquake safety. At the same time, this study is to motivate masses to voluntarily assess safety of their neighbourhood and undertake corrective measures.

Originality/value

This study is based on primary data collected by the authors.

Details

International Journal of Disaster Resilience in the Built Environment, vol. 10 no. 5
Type: Research Article
ISSN: 1759-5908

Keywords

Article
Publication date: 4 September 2020

Shruti Malik, Girish Chandra Maheshwari and Archana Singh

Over the period, the role of finance has emerged significant in the socio-economic development of the women. There are two major types of finances, i.e. formal and informal ones…

Abstract

Purpose

Over the period, the role of finance has emerged significant in the socio-economic development of the women. There are two major types of finances, i.e. formal and informal ones. Thus, the purpose of this paper is to investigate first the determinants of the demand for credit and then the demand for these credit sources by women especially in urban slums.

Design/methodology/approach

In this study, a primary survey was conducted with the help of a structured questionnaire in slums of two major urban cities in India, i.e. Delhi and Mumbai. In total, 450 individuals were interviewed in each city.

Findings

This paper presents a range of significant socio-economic factors affecting the demand for credit and source of credit by women borrower in Delhi and Mumbai. Despite, the greater emphasis by the government to increase the formal credit utilization, the informal credit is still preferred.

Practical implications

The outcomes of the study are expectedly useful to various policymakers and banks in encouraging women to opt more for the formal credit. The government can follow the research outcomes to scale up the programmes and schemes targeted for women empowerment in urban slums.

Originality/value

The study is unique of its kind in doing a comparative analysis in slums of two differently located urban cities with large slum population.

Details

Gender in Management: An International Journal , vol. 36 no. 1
Type: Research Article
ISSN: 1754-2413

Keywords

Open Access
Article
Publication date: 27 July 2020

Girish Chandra, Avinash Jain and Sanjay Kumar

The estimation of market value of intangible benefits of afforestation has always been a challenging task, and the contingent valuation method is a popular method used in…

Abstract

Purpose

The estimation of market value of intangible benefits of afforestation has always been a challenging task, and the contingent valuation method is a popular method used in environmental assessment. The NTPC set up a coal-based power plant in Korba, India and planted 1.6 million trees on 19% of the project area.

Design/methodology/approach

The individual's mean and median willingness to pay (WTP) for four intangible benefits, namely, pollution control (PC), improvement in underground water level (IUGWL), soil conservation and remediation (SCR) in addition to total WTP from the afforestation program of NTPC were estimated using a customized procedure for logit model based upon respondent's age, education, occupation, income and bid amount asked to pay. Stratified multistage random sampling has been used to select the respondents.

Findings

The procedure increases the number of respondents who are willing to pay as compared to conventional CVM. The finding of the study shows that the highest WTP was observed for PC (Rs. 462.84 per month per household) followed by SCR and IUGWL, whereas for total WTP it was Rs. 972.60.

Originality/value

The proposed customized procedure and the results thereof would be useful in improving the WTP estimates for other similar studies in order to conserve the environment.

Details

Forestry Economics Review, vol. 2 no. 1
Type: Research Article
ISSN: 2631-3030

Keywords

Article
Publication date: 19 June 2009

Piyoosh Rautela and Girish Chandra Joshi

Despite being located in earthquake sensitive region and often experiencing seismic tremors the State of Uttarakhand in the Indian Himalayas exhibits an elaborate tradition of…

Abstract

Purpose

Despite being located in earthquake sensitive region and often experiencing seismic tremors the State of Uttarakhand in the Indian Himalayas exhibits an elaborate tradition of constructing multistoreyed houses. Both the local dialects of the State (Kumaoni and Garhwali) have unique words for identifying four different floors of a building. This is suggestive of a common occurrence of multistoreyed structures in the region. This paper attempts to establish that the people inhabiting this rugged earthquake prone terrain have evolved the art of constructing earthquake safe structures well before the evolution of the structural engineering principles governing such a construction.

Design/methodology/approach

Detailed investigations were undertaken in the area to establish the antiquity of the traditional structures, as were also earthquake safety provisions incorporated traditionally in these. Radiocarbon dating of the wood used in the structures was used to establish the time of the construction of these structures.

Findings

Investigations suggest that the region has evolved a distinct, elaborate and magnificent earthquake‐safe construction style. This construction style, designated Koti Banal architecture, attained its zenith around 880 years ago. This architectural style exhibits the existence of elaborate procedures for site selection, preparing the platform for raising the multistoreyed structure, also for the detail of the entire structure that was constructed on principles somewhat akin to that of framed structures of modern times.

Research limitations/implications

The representative structures of this architecture are observed to be deteriorating fast due to lack of patronage, resources and awareness. This article brings forth awareness regarding the heritage value of these structures, enabling organized efforts for the conservation and upkeep of these structures.

Originality/value

This article is the result of original research undertaken by the authors and paves the way for the conservation of the age old traditional structures.

Details

Disaster Prevention and Management: An International Journal, vol. 18 no. 3
Type: Research Article
ISSN: 0965-3562

Keywords

Article
Publication date: 4 October 2011

Piyoosh Rautela, Girish Chandra Joshi and Bhupendra Bhaisora

The purpose of this paper is to attempt to assess the seismic vulnerability of the built environment in the Himalayan township of Mussoorie in the state of Uttarakhand (India)…

Abstract

Purpose

The purpose of this paper is to attempt to assess the seismic vulnerability of the built environment in the Himalayan township of Mussoorie in the state of Uttarakhand (India), paying specific attention to hospitals. Also an attempt is made to assess the magnitude of minimum economic losses, so as to design and undertake measures for reducing human misery in the event of a major disaster.

Design/methodology/approach

Seismic vulnerability of the building stock is evaluated using FEMA technique rapid visual screening and the likely earthquake induced damage is depicted as a function of the damage grades of the European Macroseismic Scale (EMS‐98). In total, 3,344 buildings, including 14 hospitals, are surveyed. In the field the structures are mapped using IKONOS satellite imagery while the collected data are analysed under geographic information system environment.

Findings

It was found that 18 percent of surveyed structures fall in high probability of Grade 5 damage and very high probability of Grade 4 damage class. This is estimated to result in economic loss of US$52.47 million. Almost, 80 percent of the hospitals of Mussoorie are thus likely to be non‐functional in the post‐earthquake phase due to varying degrees of structural and non‐structural damage.

Research limitations/implications

The study does not account for the cost of demolition or ground clearance cost for reconstruction, or losses likely to be incurred by public infrastructure. Thus, it is implied that retrofitting and replacement of vulnerable healthcare infrastructure should be facilitated on a priority basis along with development of suitable plans for mitigating losses in an earthquake event.

Practical implications

The study brings forth the importance of corrective actions (retrofitting/replacement) and detailed vulnerability assessment of all lifeline structures on priority basis.

Social implications

The results are intended to reduce seismic vulnerability and human toll in the event of any earthquake in the area.

Originality/value

The work is based upon the original data generated by the authors through rigorous fieldwork in the area and the results are totally based on these.

Details

International Journal of Disaster Resilience in the Built Environment, vol. 2 no. 3
Type: Research Article
ISSN: 1759-5908

Keywords

Content available
Article
Publication date: 4 October 2011

Nebil Achour and Andrew D.F. Price

891

Abstract

Details

International Journal of Disaster Resilience in the Built Environment, vol. 2 no. 3
Type: Research Article
ISSN: 1759-5908

Article
Publication date: 14 December 2022

Ayush, Amit Gangotia and Biswabhusan Pradhan

This study acclaims the social entrepreneurship based on cow rearing experiential tourism in Himachal Pradesh. This study aims to illustrate the role of indigenous cows in the…

Abstract

Purpose

This study acclaims the social entrepreneurship based on cow rearing experiential tourism in Himachal Pradesh. This study aims to illustrate the role of indigenous cows in the Indian society, especially in the Northern Mountain regions by taking Kangra district of Himachal Pradesh as an exemplar. This study highlights the relevance of experiential tourism that elucidates on the basis of cow tourism pertaining to health, mental and spiritual rejuvenation. Lastly, the paper is an attempt to integrate social entrepreneurship and cow tourism highlighting the relevance of experiential economy in empowering the local community.

Design/methodology/approach

The case study elucidates on the whence of Swadeshi Kamdhenu Gaushala (SKG), an initiative of Mr Rishi Dogra and Mr Rajesh Dogra, their immaculate micro-management and its benefits to the local community. It highlights how SKG is uplifting the socio-economic standards of the local villagers and providing a distinctive learning experience of indigenous knowledge to visitors. This study is qualitative in nature that uses narrative analysis of secondary data to recognise the importance of indigenous Indian cows, and case study analysis of interviews of SKG proprietors to understand the micro-management, production of organic products and community engagement in their social entrepreneurship.

Findings

The SKG is not only helping the local community in their livelihood but also creating value and positioning to the place on the tourist map. This study sheds some light on the importance of cow products in sectors such as agriculture, green energy and for human health and nutrition. The study also crystallizes the challenges faced by the cow rearers, at last the paper sorted out the benefits of cow tourism and how it can result in community empowerment and development.

Originality/value

The case study on SKG helps us in understanding the importance of social entrepreneurs in community empowerment and also the intervention of tourism in the sector that can bring new and different vertical to the tourism industry with experiential learning of the tourist, which results in knowledge sharing about the benefits of Indian cows and helps in creating and placing such destinations on tourist maps. This study attempts towards contributing to the existing knowledge, highlighting the benefits of social entrepreneurship and cow tourism for the society in general and local community in particular.

Details

Journal of Enterprising Communities: People and Places in the Global Economy, vol. 17 no. 6
Type: Research Article
ISSN: 1750-6204

Keywords

Article
Publication date: 22 February 2021

Madhukar Chhimwal, Saurabh Agrawal and Girish Kumar

The circular economy concepts are useful for resource conservation, eliminating waste and enhancing the efficiency of production to improve the sustainability of the system. The…

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Abstract

Purpose

The circular economy concepts are useful for resource conservation, eliminating waste and enhancing the efficiency of production to improve the sustainability of the system. The application of CE in Indian manufacturing industry is in nascent stage. India’s manufacturing sector significantly contributes to the economic development of the nation; therefore, this study aims to identify and analyze the sustainability related challenges faced during the implementation of the circularity concept.

Design/methodology/approach

Comprehensive survey of literature and the use of Pareto analysis yield ten significant challenges which are further analyzed using fuzzy-Decision-Making Trial and Evaluation Laboratory approach.

Findings

Findings revealed that noncompliance of environmental laws, revenue generation, design issues owing to technological limitations and less preference to refurbished and reused product are some of the major challenges to the CE practices in the manufacturing industry.

Research limitations/implications

The results will help the researchers and practitioners in strategic decision-making for the improved application of circularity in the production process.

Originality/value

This paper contributes to the identification and prioritization of sustainability-related challenges faced during the implementation of a novel concept by a developing economy.

Details

Journal of Modelling in Management, vol. 17 no. 4
Type: Research Article
ISSN: 1746-5664

Keywords

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