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1 – 10 of 193Subhra Pattnaik and Susmita Pattnaik
Performance is considered to be a multi-dimensional construct with three underlying dimensions such as Task Performance (TP), Interpersonal Facilitation (IPF), and Job Dedication…
Abstract
Purpose
Performance is considered to be a multi-dimensional construct with three underlying dimensions such as Task Performance (TP), Interpersonal Facilitation (IPF), and Job Dedication (JD). Yet, these dimensions exhibit high inter-correlations in many studies. This study explores the dimensionality of performance as perceived by managers in Indian Public Sector Units (PSUs) and its implications on the sustainability of performance practices in these organizations.
Design/methodology/approach
Performance data of 588 PSU executives was obtained from their respective managers (162 in number) using a pen-paper survey. Exploratory Factor Analysis (EFA) followed by a Confirmatory Factor Analysis (CFA) was employed to test the dimensionality of the performance construct using SPSS 25 and AMOS 24.
Findings
The data obtained had best fit when performance was modelled as a second order factor with the three dimensions drawing on it as first order indicators. However, the measurement model with employee performance modelled as a one-dimensional first order factor had poor fit. This indicates that PSU managers do perceive an implicit differentiation between the performance dimensions, but the performance ratings do not explicitly reflect that differentiation.
Originality/value
To the best of the authors' knowledge, this is the first ever study in Indian context that explores the perception of PSU managers on performance dimensionality. It discusses if Indian PSUs could sustain the dynamism of the future workplace with the present performance management practices and makes relevant suggestions in that direction.
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Priya Mandiratta and G.S. Bhalla
The purpose of this study is to represent an attempt to empirically capture the impact of disinvestment on the financial and operating performance of 26 Bombay Stock Exchange…
Abstract
Purpose
The purpose of this study is to represent an attempt to empirically capture the impact of disinvestment on the financial and operating performance of 26 Bombay Stock Exchange (BSE) listed central public sector enterprises (CPSEs) in India which got divested through stock market mechanism during the time period of 2000–2014.
Design/methodology/approach
Through ratio analysis different ratios such as return on assets, return on equity, net income efficiency, debt equity, dividend payout and employment levels have been computed. Pre- and post disinvestment performance of these firms is examined through Wilcoxon signed-rank test. The present research endeavors to examine the impact of disinvestment through random effect panel data models in order to control the effect of other firm specific variables.
Findings
The overall results of the study indicate statistically significant fall in profitability ratios. The empirical results have not witnessed positive effect of disinvestment on the profitability of the CPSEs; rather, this effect has found to be negative. The possible reasons behind these negative results could be poor pre disinvestment financial health of CPSEs, negative rate of return on capital employed by PSEs and inefficiency which need to be tested empirically by future researchers.
Originality/value
The fact that government-owned firms are typically less proficient or at least less gainful than private-owned firms is widely hypothesized. Therefore, the disinvestment policy aims at dropping the participation of the public sector in the economic actions of the country in order to support the private sector. The present study is a first of its kind to study the impact of disinvestment on the profitability of the firms, which got divested through stock market mechanism since the year 2000 by applying both univariate and multivariate analysis.
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Priya Mandiratta and G.S. Bhalla
The present study aims to examine the short-term effect of disinvestment oriented IPOs and FPOs on the stock market performance of Indian central public sector enterprises…
Abstract
Purpose
The present study aims to examine the short-term effect of disinvestment oriented IPOs and FPOs on the stock market performance of Indian central public sector enterprises (CPSEs), which divested their equity between 2000 and 2017.
Design/methodology/approach
The analysis of stock price reaction is conducted for listing dates only in the case of IPOs and three different dates in the case of FPOs through the event study methodology. The three-event dates related to FPOs are public notification date (PND), issue announcement date (IAD) and price band date (PBD).
Findings
Overall empirical analysis indicates that investor sentiments are generally insignificant prior to and posts the PND (first date). The second major date of announcement that is (IAD) is new information in the market and returns are found to be significantly negative across both the periods that is before and after IAD. Thus, the analysis depicts strongly negative investor sentiments in the case of IAD. These results are further substantiated by negatively significant CAR (cumulative abnormal returns) values for both the pre and post-event windows of PBD as well.
Research limitations/implications
Empirical analysis concludes that investors do not stand a chance to gain abnormal returns through initiating positions in the stocks of CPSEs during the alternative event dates analyzed.
Originality/value
Since the year 2000, disinvestment through public offering has gathered momentum, and this mode accounts for approximately 62% of the collective disinvestment funds generated by the government of India till now. But there have been very limited research studies on the market performance of disinvested CPSEs. This analysis provides new empirical evidence for the market reactions of retail investors in response to the sale of equity by the Indian government in CPSEs.
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Rakhi Tripathi, M.P. Gupta and Jaijit Bhattacharya
The purpose of this research is to examine the impact of organizational factors on the adoption of interoperability technology for Indian portals.
Abstract
Purpose
The purpose of this research is to examine the impact of organizational factors on the adoption of interoperability technology for Indian portals.
Design/methodology/approach
This exploratory study was conducted through a survey questionnaire from 300 portals of government departments and public sector undertakings (PSUs) in India. Data were also collected from portals of Indian companies.
Findings
The study finds that adoption of interoperability for Indian portals is highly associated with certain organizational factors. In addition, multiple regression analysis reveals that the functionalities of government portals in India are significantly related to four organizational factors.
Practical implications
The research provides insights for government officials and practitioners to understand and improve the level of interoperability in government portals. The study also provides a 2 by 2 matrix framework that helps the government officials to focus on the relevant organizational factors.
Originality/value
This study is the first to examine the effect of organizational factors on interoperability adoption in Indian portals. The results lead to a number of recommendations for achieving interoperability for government portals in India.
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Bidhan Mukherjee, Bibhas Chandra and Saumya Singh
In response to scholarly calls, this study aims to explore the persuasive predictors including (job security, autonomy, work-life balance, culture and climate, career growth…
Abstract
Purpose
In response to scholarly calls, this study aims to explore the persuasive predictors including (job security, autonomy, work-life balance, culture and climate, career growth, leadership style and support, training and development and reward, recognition and pay) of talent retention in Indian PSUs by emphasising the commonalities and differences between different category of employees from different cohorts based on their contribution in the prime function of the business.
Design/methodology/approach
A self-administered questionnaire was used to collect data from 472 employees from selected organisations through Multistage sampling technique and Simple random sampling technique. Data were analysed using tests such as logistic regression, MANOVA, post hoc Tukey in SPSS 20.
Findings
Job security, autonomy, career growth and culture and climate are the persuasive predictors of talent retention in Indian PSUs. However, there is a significant interaction effect of age and job standard on job security. Job security and perceived employability do not relate to age for core category employees rather possess identical perception than other employee category. Findings indicate that identifying the position to be retained is more viable than a common retention strategy.
Originality/value
This study contributes to the existing knowledge of talent retention by exploring novel insights in comprehending the commonalities and differences of different employee category at all level from different cohorts, sharing different responsibilities in the prime function of the business that has largely been ignored. The study can succour in improving performance and cost-effective retention strategy.
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Subhra Pattnaik and Santosh Kumar Tripathy
Past studies have proved the effect of justice on performance. However, the findings across studies have been inconsistent and there remains a substantial unexplained variance…
Abstract
Purpose
Past studies have proved the effect of justice on performance. However, the findings across studies have been inconsistent and there remains a substantial unexplained variance between the constructs. Therefore, justice researchers urge for further exploration of the underlying mechanism of the relationship by introducing influencers. This study responds to such call of the researchers by testing the influence of organizational identification (OID) on the justice-performance relationship in the context of Indian Public Sector Units (PSUs).
Design/methodology/approach
The study is grounded in the positivism philosophy. The research hypotheses were tested using cross-sectional data gathered using a pre-tested questionnaire. In this study, the authors have used covariance-based structural equation modeling commercial software (AMOS 24.0).
Findings
OID did not mediate the relationship between justice facets and performance. Rather, informational justice, followed by procedural and distributive justice had direct positive influences on performance. OID, however, moderated the procedural justice-performance such that the relationship strengthened at higher levels of OID and the interpersonal justice-performance relationship such that the relationship dampened at higher levels of OID. Interestingly, the relationship between interpersonal justice and performance was insignificant in the absence of the moderator, showcasing the strongest case of moderation.
Originality/value
The paper explores OID as an influencer to justice-performance relationship in Indian PSU context for the very first time, thereby highlighting unique finings. It contributes to the further understanding of the unexplained variance in the justice-performance relationship.
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The purpose of this paper is to assess whether the e-government stage models that have been developed in last one decade give a true indication of e-government growth in a…
Abstract
Purpose
The purpose of this paper is to assess whether the e-government stage models that have been developed in last one decade give a true indication of e-government growth in a developing country like India.
Design/methodology/approach
This exploratory study was conducted through a survey questionnaire from 300 portals of government departments and public sector undertakings (PSUs) in India.
Findings
Results show that on e-government stage model; only 28 per cent of the surveyed government department have achieved the transactional stage whereas 58 per cent have reached at least a minimum level of vertical integration. On the other hand, 74 per cent PSUs are at transactional level and 69 per cent have achieved at least a minimum level of vertical integration.
Practical implications
For achieving a one-stop government portal, integration stage can be achieved before the transaction level. Reason behind this being nature and requirement of the portal. There are fundamental differences in social and political factors of various countries that demand more customized local models.
Originality/value
This study is the first to examine the evolution of government portals in India. The results lead to a number of insights such as there are few government portals that do not follow the proposed stage models and achieve the integration level before attaining the transaction level.
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Bikram Jit Rishi and D.P. Goyal
Understanding Strategic Information Systems (SIS) implementation is an important challenge to organizations. It is considered important because Information Technology (IT…
Abstract
Understanding Strategic Information Systems (SIS) implementation is an important challenge to organizations. It is considered important because Information Technology (IT) decisions about investment are made worldwide and these decisions have the impact on the survival and growth of the organizations. In this context, SIS should be implemented very carefully so that right, timely and accurate information should be available to the managers, who are responsible for taking strategic decisions. Review of literature indicated the clear gaps existing in the implementation of Strategic Information Systems in general and in the Public Sector Undertakings (PSUs) of India in particular. Keeping the research gaps in this area in mind, we have undertaken this study in Indian PSUs so as to investigate the factors affecting the implementation of SIS. Organizational Culture, High Turnover of Professionals, Management Involvement, Collaboration, Systems Standards, Resources Implementation, Resources Availability, Market Competitition, Organizational Bureaucracy and Organizational Autocracy are emerged as the successful factors which must be taken care of while impelemnting SIS in Indian PSUs.
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Nisha Prakash and Aparna Hawaldar
In 1991, India embarked on market-based economic reforms initiatives pillared on liberalization, privatization and globalization (LPG). The reforms exposed the public sector…
Abstract
Purpose
In 1991, India embarked on market-based economic reforms initiatives pillared on liberalization, privatization and globalization (LPG). The reforms exposed the public sector enterprises to competitive market forces, raising the need to identify and develop the competencies necessary for survival. Executive training programs were initiated to prepare public enterprises for the market-based reforms. Three decades later, the reforms especially privatization is witnessing renewed interest under the current administration. In this context, the article takes a closer look at the structure of management education provided to public sector officers in India. The article also identifies barriers for implementing the learnings from the management courses in the workplaces and suggests approaches for closing the gap.
Design/methodology/approach
The study follows a thematic approach based on unstructured interviews of senior executives of Indian public sector enterprises covering oil and gas, aeronautical, power and transportation sectors. New public management (NPM) is used as a yardstick of “business-like” characteristics of public sector enterprises.
Findings
Despite heavy investment, trainings have had only partial success in implementing the core objective of NPM, i.e. to provide quality services in a professional manner to meet citizen requirements. The study found that though concepts of NPM are introduced at multiple management training programs, the public enterprises lag in the implementation of NPM. The ingrained hierarchical and procedural culture of the enterprises was often highlighted as the challenge to its implementation.
Practical implications
The study will be of significance to Indian policymakers in designing management education programs to public sector employees. It brings out – (1) various models of management education provided to public servants across industries, (2) provide evidence on the extent of NPM implementation, (3) identify barriers for transitioning the learnings from the management courses to workplace and (4) suggest changes for improving effectiveness.
Originality/value
The existing research on LPG in India covers the economic transformation post-implementation and the factors contributing to the success of its implementation. This study adds to the limited literature available on the management education of public servants in the country.
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Rakhi Tripathi, M.P. Gupta and Jaijit Bhattacharya
The purpose of this study is to examine the position of interoperability of government and corporate portals in technological adoption space in India in terms of three critical…
Abstract
Purpose
The purpose of this study is to examine the position of interoperability of government and corporate portals in technological adoption space in India in terms of three critical dimensions: data integration, process integration and communication integration.
Design/methodology/approach
This exploratory study was conducted through a survey questionnaire from 300 portals of government departments and public sector undertakings (PSUs) in India. Data were also collected from portals of Indian companies and the results have been compared with those of the government portals.
Findings
The results show that the majority of government portals in India have initiated integration. Second, the portals of Indian companies are performing better than the portals of government and PSUs for achieving an interoperable position. Third, there is high dispersion in level of integration of government portals in India.
Practical implications
The portals with the lowest level of integration in government in India will determine when government will actually attain full horizontal integration and hence achieve an interoperable portal as there is high dispersion in level of integration of government portals in India. Also, for achieving an interoperable government portal, an organization needs to focus on the weakest factors of each dimension.
Originality/value
This study is the first to examine the position of interoperability in technological adoption space in India. The results lead to a number of recommendations for achieving interoperability for government portals in India. The study also highlights the weakest factors of each dimension that require more improvement than other factors.
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