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1 – 10 of 14Francisco Guzman, Audhesh Paswan and Niranjan Tripathy
Personal finance influences everything we buy and is a key driver of all economies. It has attracted significant research attention, mostly grounded in rational economics…
Abstract
Purpose
Personal finance influences everything we buy and is a key driver of all economies. It has attracted significant research attention, mostly grounded in rational economics. However, it has not received adequate research attention in the consumer behavior literature. This study aims to address this gap by looking at some of the consumer-centric antecedents of short- and long-term personal financial planning, i.e. self-other orientation, cognitive style and time orientation.
Design/methodology/approach
A self-administered survey was used to collect data from full time employees. Hypotheses were tested using multiple regression analyses.
Findings
Both short- and long-term financial planning are positively associated with non-impulsive and analytical decision-making styles; whereas self and other orientation are only associated with short-term financial planning. Intuitive decision-making is not associated to either short- or long-term financial planning.
Research limitations/implications
While analytical and long-term orientation are still important for personal finance, in the short run, consumers are also driven by self and other orientation.
Practical implications
The results are relevant for both products and services that have long-term and short-term financial implications for consumers.
Originality/value
This study explores financial planning decision-making from a consumer behavior perspective, and addresses a gap in consumer behavior literature.
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Darshana D. Palkar and Niranjan Tripathy
Short‐term cash need plays a critical role in equity issuance decisions. Consequently, the ease with which a seasoned equity offer (SEO) is completed can have a direct effect on…
Abstract
Purpose
Short‐term cash need plays a critical role in equity issuance decisions. Consequently, the ease with which a seasoned equity offer (SEO) is completed can have a direct effect on the cost of raising equity. The purpose of this paper is to examine whether liquidity is likely to affect the ease with which an offer is completed, as proxied by the length of the offer.
Design/methodology/approach
This study uses multiple regression analysis to establish the link between liquidity and the duration of the SEO completion cycle. To provide support to the findings, event study methodology is employed to study the abnormal volume turnover during the pre‐SEO announcement period for firms with shorter and longer registration periods.
Findings
The paper finds that firms with greater liquidity come to market sooner. The results indicate a small yet significant effect of liquidity on the duration of the SEO completion cycle. There is also evidence that lower pre‐announcement period volume turnover is associated with a longer registration period – which has some implications for issuance costs. The results are robust to the inclusion of industry or firm effects, use of different regression specifications, and application of alternative liquidity measures.
Originality/value
This paper belongs to the growing literature that examines the link between liquidity and the firm's equity issuance costs. It adds to the literature by: examining the determinants of the time it takes to complete an offering; providing the evidence that liquidity may affect the ease with which investment bankers place new shares; and presenting the evidence using newer measures of liquidity based on low‐frequency data.
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James M. Forjan and Michael S. McCorry
In this paper, the link between stock distribution announcements and capital markets is examined. The results show that stock split announcements result in higher share prices and…
Abstract
In this paper, the link between stock distribution announcements and capital markets is examined. The results show that stock split announcements result in higher share prices and narrower percentage bid‐ask spreads, while stock dividend announcements have little effect on either prices or percentage spreads.
Sumathi Annamalai and LR Niranjan
In India, one in 500 people (Balaji, 2019) are diagnosed with ASD. Around 40 non-governmental organizations cater to Autism Spectrum Disorder (ASD) children; out of that, a few…
Abstract
In India, one in 500 people (Balaji, 2019) are diagnosed with ASD. Around 40 non-governmental organizations cater to Autism Spectrum Disorder (ASD) children; out of that, a few organizations focus on adults providing them vocational training to make them employable. One such exercise was initiated by SAP Labs India, a leading software company, and Enable India, an Indian NGO where they developed a focused training program for people with ASD and placed them in vital technical jobs in SAP Labs India (Karwa, 2016). First, we peek into the lifestyles of a few successful neurodiverse rock stars in India and their journey from becoming aware of their profile to establishing a career and becoming a role model to other people with ASD. Second, we present the autism landscape in India. Third, we explore the organizations that have hired people with ASD, their policies connected to neurodiversity, and the organizations that give training and support. Fourth, we present the potentials and the challenges people with ASD face. Fifth and final, we cover the role of different stakeholders to foster support and up-skill people with ASD for better community development.
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Raj Kumar Pittala, Satish Ben B., Syam Kumar Chokka and Niranjan Prasad
Microcapsule-embedded autonomic healing materials have the ability to repair microcracks when they come into contact with the crack by releasing the healing agent. The…
Abstract
Purpose
Microcapsule-embedded autonomic healing materials have the ability to repair microcracks when they come into contact with the crack by releasing the healing agent. The microcapsules with specific shape and thickness effect in releasing healing agent to the cracked surfaces. Thus, the purpose of this paper is to know the load bearing capacity of the self-healing microcapsules and the stresses developed in the material.
Design/methodology/approach
In the present study, self-healing microcapsule is modelled and integrated with the polymer matrix composite. The aim of the present study is to investigate failure criteria of Poly (methyl methacrylate) microcapsules by varying the shell thickness, capsule diameter and loading conditions. The strength of the capsule is evaluated by keeping the shell thickness as constant and varying the capsule diameter. Uniformly distributed pressure loads were applied on the capsule-reinforced polymer matrix composite to assess the failure strength of capsules and composite.
Findings
It is observed from the results that the load required to break the capsules is increasing with the increase in capsule diameter. The failure strength of microcapsule with 100 µm diameter and 5 µm thickness is observed as 255 MPa. For an applied load range of 40–160 N/mm2 on the capsules embedded composite, the maximum stress developed in the capsules is observed as 308 MPa.
Originality/value
Failure strengths of microcapsules and stresses developed in the microcapsule-reinforced polymer composites were evaluated.
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Aadhaar card is an innovative step taken by the Government of India to facilitate smooth functioning of government welfare programs among the needy citizens of this country. This…
Abstract
Aadhaar card is an innovative step taken by the Government of India to facilitate smooth functioning of government welfare programs among the needy citizens of this country. This chapter deals about the Aadhaar Project of the Central Government, its features, its impact on the welfare schemes of government, etc. Second, it also deals with the challenges and loopholes associated with the Aadhaar scheme which eventually led to the case of Justice K. S. Puttaswamy and Another v. Union of India [Writ Petition (Civil) No. 494 of 2012]. At last, the chapter deals with the potential challenges which the Aadhaar scheme may face even after it has been declared constitutional by the Apex Court in the case of Justice K. S. Puttaswamy and Another v. Union of India [Writ Petition (Civil) No. 494 of 2012].
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Monique Murfield, Christopher A. Boone, Paige Rutner and Rodney Thomas
The purpose of this paper is to investigate the impact of logistics service quality (LSQ) on consumer satisfaction and loyalty in an omni-channel retail environment.
Abstract
Purpose
The purpose of this paper is to investigate the impact of logistics service quality (LSQ) on consumer satisfaction and loyalty in an omni-channel retail environment.
Design/methodology/approach
An empirical, survey-based approach is used to collect data from consumers about experiences with two different omni-channel retail scenarios: buy-online-pickup-in-store (BOPS), and buy-in-store-ship-direct (BSSD). Participants responded to questions regarding the LSQ, consumer satisfaction, and consumer loyalty relative to their actual experience in one of these situations.
Findings
Results suggest that omni-channel consumers are truly unique, and all three dimensions of LSQ (condition, availability, and timeliness) are distinct in their impact on satisfaction and loyalty. Results suggest that in the BOPS sample, consumer satisfaction partially mediates the relationship between condition and loyalty and fully mediates the relationship between timeliness and loyalty. In the BSSD model, consumer satisfaction partially mediates the relationship between timeliness and consumer loyalty.
Research limitations/implications
This research studies LSQ in two different omni-channel scenarios; additional research is needed to explore other omni-channel scenarios and extend the findings to be more generalizable.
Practical implications
Managers should recognize that for omni-channel consumers, timeliness is the essential driver of satisfaction and loyalty. Retailers need to account for this reality and dedicate substantial resources to meet delivery requirements in a timely manner. Logistics service providers need to emphasize speed and reliability of their delivery processes for omni-channel consumers.
Originality/value
This research is the first attempt at conceptualizing LSQ in an omni-channel supply chain, and testing the impact of LSQ on consumer satisfaction and loyalty.
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Patrick Gregori, Patrick Holzmann and Erich J. Schwarz
Entrepreneurial identity aspiration refers to the desire to occupy an entrepreneurial role in the future and is an essential impetus for initially engaging in entrepreneurial…
Abstract
Purpose
Entrepreneurial identity aspiration refers to the desire to occupy an entrepreneurial role in the future and is an essential impetus for initially engaging in entrepreneurial activities. Building on identity theory, the article investigates the effects of personal attitudes, experiences and inclination towards specific practices on the strength of entrepreneurial identity aspiration.
Design/methodology/approach
This article applies multiple linear regression analysis to test the developed hypotheses on an original sample of 127 vocational college students in Austria.
Findings
Results show that risk-taking propensity, proactiveness, entrepreneurial self-efficacy and competitiveness drive entrepreneurial identity aspiration. The effects of innovativeness and need for achievement motivation are nonsignificant. Data further suggest that entrepreneurial identity aspiration is related to gender, while entrepreneurial exposure and previous entrepreneurship education show no or adverse effects.
Practical implications
Based on our findings, the authors argue that education should focus on teaching and discussing the identified attitudes and inclinations to foster the formation of entrepreneurial identities. Doing so increases students' aspirations and provides them with the necessary cognitive underpinnings for subsequent entrepreneurial action. The article suggests action-based teaching to achieve this goal.
Originality/value
This article is the first to investigate antecedents of entrepreneurial identity aspiration by connecting it to essential concepts of entrepreneurship research. The authors extend previous work on entrepreneurial identity and add to the theoretical approaches for research in entrepreneurship education. Furthermore, the article points out central aspects that should receive additional attention in educational settings.
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Weidong Lei, Dandan Ke, Pengyu Yan, Jinsuo Zhang and Jinhang Li
This paper aims to correct the existing mixed integer programming (MIP) model proposed by Yadav et al. (2019) [“Bi-objective optimization for sustainable supply chain network…
Abstract
Purpose
This paper aims to correct the existing mixed integer programming (MIP) model proposed by Yadav et al. (2019) [“Bi-objective optimization for sustainable supply chain network design in omnichannel.”, Journal of Manufacturing Technology Management, Vol. 30 No. 6, pp. 972–986].
Design/methodology/approach
This paper first presents a counterexample to show that the existing MIP model is incorrect and then proposes an improved mixed integer linear programming (MILP) model for the considered problem. Last, a numerical experiment is conducted to test our improved MILP model.
Findings
This paper demonstrates that the formulations of the facility capacity constraints and the product flow balance constraints in the existing MIP model are incorrect and incomplete. Due to this reason, infeasible solutions could be identified as feasible ones by the existing MIP model. Hence, the optimal solution obtained with the existing MIP model could be infeasible. A counter-example is used to verify our observations. Computational results verify the effectiveness of our improved MILP model.
Originality/value
This paper gives a complete and correct formulation of the facility capacity constraints and the product flow balance constraints, and conducts other improvements on the existing MIP model. The improved MILP model can be easily implemented and would help companies to have more effective distribution networks under the omnichannel environment.
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