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1 – 10 of 11Prabhat Kumar Rao and Arindam Biswas
This study aims to assess housing affordability and estimate demand using a hedonic regression model in the context of Lucknow city, India. This study assesses housing…
Abstract
Purpose
This study aims to assess housing affordability and estimate demand using a hedonic regression model in the context of Lucknow city, India. This study assesses housing affordability by considering various housing and household-related variables. This study focuses on the impoverished urban population, as they experience the most severe housing scarcity. This study’s primary objective is to understand the demand dynamics within the market comprehensively. An understanding of housing demand can be achieved through an examination of its characteristics and components. Individuals consider the implicit values associated with various components when deciding to purchase or rent a home. The components and characteristics have been obtained from variables relating to housing and households.
Design/methodology/approach
A socioeconomic survey was conducted for 450 households from slums in Lucknow city. Two-stage regression models were developed for this research paper. A hedonic price index was prepared for the first model to understand the relationship between housing expenditure and various housing characteristics. The housing characteristics considered for the hedonic model are dwelling unit size, typology, condition, amenities and infrastructure. In the second stage, a regression model is created between household characteristics. The household characteristics considered for the demand estimation model are household size, age, education, social category, income, nonhousing expenditure, migration and overcrowding.
Findings
Based on the findings of regression model results, it is evident that the hedonic model is an effective tool for the estimation of housing affordability and housing demand for urban poor. Various housing and household-related variables affect housing expenditure positively or negatively. The two-stage hedonic regression model can define willingness to pay for a particular set of housing with various attributes of a particular household. The results show the significance of dwelling unit size, quality and amenities (R2 > 0.9, p < 0.05) for rent/imputed rent. The demand function shows that income has a direct effect, whereas other variables have mixed effects.
Research limitations/implications
This study is case-specific and uses a data set generated from a primary survey. Although household surveys for a large sample size are resource-intensive exercises, they provide an opportunity to exploit microdata for a better understanding of the complex housing situation in slums.
Practical implications
All the stakeholders can use the findings to create an effective housing policy. The variables that are statistically significant and have a positive relationship with housing costs should be deliberated upon to provide the basic standard of living for the urban poor. The formulation of policies should duly include the housing preferences of the economically disadvantaged population residing in slum areas.
Originality/value
This paper uses primary survey data (collected by the authors) to assess housing affordability for the urban poor of Lucknow city. It makes the results of the study credible and useful for further applications.
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Pankaj Singh, Anees Ahmad, Gyan Prakash and Prabhat Kumar Singh Kushwah
The purpose of this paper is to take the neglected influencing factors in brand alliance research into account based on consumer characteristics theory and discuss the influencing…
Abstract
Purpose
The purpose of this paper is to take the neglected influencing factors in brand alliance research into account based on consumer characteristics theory and discuss the influencing factors' interactive effects on brand alliance.
Design/methodology/approach
Based on the theory of consumer characteristics and the S&R model of brand alliance, an experimental design was conducted to examine the relationship among the various variables and moderators, which can test the changes of the dependent variables by controlling and manipulating one or more single variables. The sample includes 400 college students.
Findings
The results demonstrate that brand knowledge positively moderates the relationship between brand equity and consumer brand alliance, but not significantly affect the relationship between alliance evaluation and joint fit; in contrast, product involvement individually plays a positive moderating role on the relationship between joint fit, brand equity and consumer brand alliance evaluation.
Originality/value
Two consumer characteristic, brand knowledge and product involvement moderate the relationship between brand equity, joint fit and consumer brand alliance evaluation. Several empirical studies on brand alliance have documented mostly positive effects of brand alliance on consumer brand evaluations. Two important consumer characteristics' effect on brand alliance evaluation, brand knowledge and product involvement, were testified to expand the scope of influential factors of brand alliance evaluation on the basis of consumers' characteristic theory.
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Pankaj Kumar Gupta and Prabhat Mittal
This paper aims to develop a framework that aids in achieving the desired state of financial performance for corporate enterprises based on distinct configurations of corporate…
Abstract
Purpose
This paper aims to develop a framework that aids in achieving the desired state of financial performance for corporate enterprises based on distinct configurations of corporate governance (CG) practices.
Design/methodology/approach
This study uses a fuzzy-based system to arrive at a definitive configuration of CG practices that lead to a specific level of firm’s performance.
Findings
This analysis of the panel data of 92 National Stock Exchange–listed companies conducted for RONW on selected CG variables shows that eight fuzzy configurations lead to a particular state of RONW. The authors compare the results with the conventional regression-based scoring models.
Originality/value
Corporate enterprises can use the derived bundles of CG practices leading to a specific set of financial performance (RONW) to aid the decision-making process in defining and implementing their governance structures. The regulators can modify or customize the law-mandated CG practices to reduce redundancies and promote the national agenda of economic efficiency.
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Shalini Srivastava, Aparna Mendiratta, Prabhat Pankaj, Richa Misra and Rajat Mendiratta
Upholding congruency with self-determination theory (SDT), the study intends to analyze the impact of spiritual leadership (SL) on happiness at work (HAW) via affective commitment…
Abstract
Purpose
Upholding congruency with self-determination theory (SDT), the study intends to analyze the impact of spiritual leadership (SL) on happiness at work (HAW) via affective commitment (AC) and prosocial behavior (PSB) in the Indian service sector.
Design/methodology/approach
The data were collected from 324 employees belonging to the service sector of north India. The study utilized AMOS and PROCESS (Hayes, 2013) to test the hypothesized model.
Findings
The findings provided considerable support for the hypothesized relationships between SL, AC, PSB and HAW. The findings advocate the positive association between SL and HAW routing through mediators such as AC and PSB.
Research limitations/implications
Future research studies have the potential to dwell on the topic from a leader's perspective, i.e. the benefits derived through practicing spirituality. The present work in this field is focused on quantitative tools; more studies can be conducted through qualitative analysis. Future works can attempt to compare the differences amongst cultures and sectors concerning SL and its outcomes.
Practical implications
The paper provides some relevant inputs for the Indian service sector to comprehend the criticality of SL in building long-lasting relationships amongst peers leading to creating sustainable and happy workplaces.
Originality/value
The study explores the relationship between SL and HAW which has neither been explored theoretically nor tested empirically.
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Sumant Kumar and Avanish Bhai Patel
COVID-19 lockdown imposed by the government in India affected markets, factories, industries, construction sites, restaurants, transport services, etc. in which migrant workers…
Abstract
Purpose
COVID-19 lockdown imposed by the government in India affected markets, factories, industries, construction sites, restaurants, transport services, etc. in which migrant workers were engaged. Migrant workers expected that after the imposition of the lockdown government will facilitate transportation facilities to their hometowns as they lost their jobs. But due to negligence from both the central and the state governments, neither transportation was arranged nor food, shelter or health facilities were arranged. This paper aims to investigate the causes of the death of migrant workers under the theoretical framework of negligence theory.
Design/methodology/approach
The authors have applied the content analysis method and collected 926 death cases of migrant workers from 28 Indian states. The researchers applied this technique as the newspapers in India are one of the largest and most useful sources to generate a report/record on migrant workers causes during the COVID-19 lockdown. During the lockdown period, due to lack of attention from the government, police atrocities, hunger and accidental cases increased which resulted in the death of migrant workers.
Findings
The finding of the study proves that during the first phase of COVID-19 lockdown the death cases of migrant workers increased due to negligence by the governments. The number of death cases of migrant workers has been analysed through applying negligence theory which included duty, breach, cause, in fact, proximate cause and harm which increased the death cases. It has been noticed that the central government without any prior notice-imposed lockdown all over India, in which all the states were not received any guidelines or communication which indicate what they have to do or how to handle the Covid-19 situation.
Originality/value
To the best of the authors’ knowledge, this is an original work of researchers which is basically based on negligence theory.
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This case describes the challenges faced by Amul in organising dairy farmers into a co-operative and creating continuous opportunities for value addition. Participants in the case…
Abstract
This case describes the challenges faced by Amul in organising dairy farmers into a co-operative and creating continuous opportunities for value addition. Participants in the case discussion are required to review the developments in the organisation and recommend a strategy for the future.
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This study aims to compare the short-run performance of construction and non-construction initial public offerings (IPOs) that are offered in India during 2006–2015. The study…
Abstract
Purpose
This study aims to compare the short-run performance of construction and non-construction initial public offerings (IPOs) that are offered in India during 2006–2015. The study also attempts to investigate the impact of ownership structure (i.e. concentrated ownership in the hand of promoters and institutional ownership) and market sentiment on the performance of construction sector IPOs in short run.
Design/methodology/approach
A total of 281 IPOs were listed at National Stock Exchange, India, during the study period, and 44 of those were from construction sector. The short-run performance of these construction and non-construction IPOs was compared using two indicators, i.e. monthly stock return (SR) and excess return over market benchmark (MAR). To examine the effect of concentrated ownership in the hand of promoters, institutional ownership and market sentiment on IPO performance, systematic dynamic panel regression model was developed.
Findings
The IPOs of construction firms perform significantly better than the non-construction firms. The performance of construction IPOs is significantly driven by the lag effect. This suggests a significant informational inefficiency, which results in a delayed reaction by investors. The market sentiment has a positive influence on the performance of construction sector IPOs, whereas the institutional holding has a negative influence.
Originality/value
To the best of the author’s knowledge, this study is the first attempt to examine the performance of construction sector IPOs in short run. The study uses systematic dynamic panel data regression, which provides better and reliable estimates.
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Mohsen Izadi, Rasul Mohebbi, A. Chamkha and Ioan Pop
The purpose of this paper is to consider natural convection of a nanofluid inside of a C-shaped cavity using Lattice Boltzmann method (LBM).
Abstract
Purpose
The purpose of this paper is to consider natural convection of a nanofluid inside of a C-shaped cavity using Lattice Boltzmann method (LBM).
Design/methodology/approach
Effects of some geometry and flow parameters consisting of the aspect ratio of the cavity, aspect ratio of the heat source; Rayleigh number (Ra = 103 − 106) have been investigated. The validity of the method is checked by comparing the present results with ones from the previously published work.
Findings
The results demonstrate that for Ra = 103, the aspect ratio of the heat source has more influence on the average Nusselt number in contrast to the case of Ra = 106. Contrary to the fact that the average Nusselt number increases non-linearly more than twice because of the increase of the aspect ratio of the enclosure at Ra = 103, the average Nusselt number has a linear relation with the aspect ratio for of Ra = 106. Therefore, upon increasing the Rayleigh number, the efficiency of the aspect ratio of the cavity on the thermal convection, gradually diminishes.
Originality/value
The authors believe that all the results, both numerical and asymptotic, are original and have not been published elsewhere.
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Emad H. Aly and Ioan Pop
The purpose of this study is to present both effective analytic and numerical solutions to MHD flow and heat transfer past a permeable stretching/shrinking sheet in a hybrid…
Abstract
Purpose
The purpose of this study is to present both effective analytic and numerical solutions to MHD flow and heat transfer past a permeable stretching/shrinking sheet in a hybrid nanofluid with suction/injection and convective boundary conditions. Water (base fluid) nanoparticles of alumina and copper were considered as a hybrid nanofluid.
Design/methodology/approach
Proper-similarity variables were applied to transform the system of partial differential equations into a system of ordinary (similarity) differential equations. Exact analytical solutions were then presented for the dimensionless stream and temperature functions. Further, the authors introduce a very nice analytic and numerical solutions for both small and large values of the magnetic parameter.
Findings
It was found that no/unique/two equal/dual physical solutions exist for the investigated boundary value problem. The physically realizable practice of these solutions depends on the range of the governing parameters. For a stretching/shrinking sheet, it was deduced that a hybrid nanofluid works as a cooler on increasing some of the investigated parameters. Moreover, in the case of a shrinking sheet, the first solutions of hybrid nanofluid are stable and physically realizable rather than the nanofluid, while those of the second solutions are not for both hybrid nanofluid and nanofluid.
Originality/value
The present results for the hybrid nanofluids are new and original, as they successfully extend (generalize) the problems previously considered by different authors for the case of nanofluids.
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Iskandar Waini, Anuar Ishak and Ioan Pop
The purpose of this paper is to examine the axisymmetric flow and heat transfer of a hybrid nanofluid over a permeable biaxial stretching/shrinking sheet.
Abstract
Purpose
The purpose of this paper is to examine the axisymmetric flow and heat transfer of a hybrid nanofluid over a permeable biaxial stretching/shrinking sheet.
Design/methodology/approach
In this study, 0.1 solid volume fraction of alumina (Al2O3) is fixed, then consequently, various solid volume fractions of copper (Cu) are added into the mixture with water as the base fluid to form Cu-Al2O3/water hybrid nanofluid. The hybrid nanofluid equations are converted to the similarity equations by using the similarity transformation. The bvp4c solver, which is available in the Matlab software is used for solving the similarity equations numerically. The numerical results for selected values of the parameters are presented in tabular and graphical forms, and are discussed in detail.
Findings
It is found that dual solutions exist up to a certain value of the stretching/shrinking and suction parameters. The critical value λc < 0 for the existence of the dual solutions decreases as nanoparticle volume fractions for copper increase. The temporal stability analysis is performed to analyze the stability of the dual solutions, and it is revealed that only one of them is stable and physically reliable.
Originality/value
The present problem is new, original with many important results for practical problems in the modern industry.
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