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This paper examines whether family control exerts any influence on corporate cash holdings in Indian listed firms. It also examines how this accumulated cash of family firms impacts firm value.

The study uses dynamic panel data regression estimated using two-step system generalized method of moments (GMM) on S&P BSE 500 firms during 2009–2018 for testing the repercussions of family control on the cash levels of a firm. Further, fixed effects regression has been employed for the valuation analysis.

Estimation results showed that family control negatively impacts cash holdings in Indian firms. Further, the cash accumulation by family firms adversely affects the market valuation of the firm. These findings signal a principal–principal (P-P) agency conflict in Indian family firms, i.e. friction between family owners and minority shareholders' interests. Minority shareholders fear that a part of the cash reserves will be used by family members for personal benefits. Thus, they discount cash reserves in family firms.

The study adds to the determinants of corporate cash holdings in emerging markets. To the best of the authors’ knowledge, this is the first study from India investigating family control as a determinant of cash policy. It sheds light on the P-P agency conflict in Indian family firms. P-P agency conflict is less researched in cash holdings literature as opposed to the principal–agent managerial disputes. Also, the study uses a more comprehensive definition of family control rather than just considering the ownership as used in prior cash holding research.

The purpose of this paper is to explore the extent of corruption in India, Fiji and Ethiopia and survey citizen perception of how e‐governance could fight corruption. The main objective is to investigate and explore the potential of e‐governance applications in three countries representing three different regions of Asia, Africa, and Oceania.

A survey was conducted over 918 citizens in India, Ethiopia and Fiji using convenience random sampling. A structured questionnaire was used. The main emphasis of the survey was on citizen perception about corruption and poor service. It further asked respondents on how e‐governance can cut corruption.

Benefits of e‐governance in developing countries are the same as those in developed countries but there are many potential benefits that remain unreaped by developing countries as a consequence of their unlimited use of e‐governance. Based on these assertions, the researchers tried to evaluate and assess the potential of e‐governance initiatives in India, Ethiopia and Fiji. By exploring the role of e‐governance for reducing corruption that has afflicted the entire public sector in these countries, the main finding is that e‐governance is positively related to government, “citizen relationship and corruption reduction”.

This study is highly empirical and does not provide case studies to further extend on the findings.

The implications of the research are that information communication technology (ICT) needs to be effectively integrated in the development agenda of government plans in Ethiopia and Fiji. Government agencies in Ethiopia and Fiji do not seem to be much motivated to build sound government‐citizen partnerships. Citizens can see little of the internal workings of government. However, for India, where there are many e‐governance projects underway, and which is normally considered to be awakening to the challenges of e‐governance and which has to date many success stories relating to e‐governance, it is surprising to see that citizens find various existent formats of corruption and non‐transparent service delivery activities. It is quite evident that bureaucracy is more or less opaque and very little attention has been paid to improving transparency, including through the use of e‐governance processes. Time, cost and red‐tape procedures are major constraints in public service delivery.

The paper explores a problem that is of practical importance using principal‐agent theory, which is very applicable to the public sector context.

Over the years, public sector reforms in emerging economies have focused on improving national budget systems and financial management practices to promote sustainable development. In the context of the COVID-19 crisis, this article examines whether the strength or effectiveness of national budget systems and related financial management practices moderates the impact of fiscal policy measures on economic recovery and resilience.

The article uses bivariate correlations and difference-in-difference analyses to examine the relationship between budget system effectiveness, government stimulus measures and forecasts of economic recovery and resilience. The analysis uses data from the Public Expenditure and Financial Accountability (PEFA) program, International Monetary Fund (IMF) and World Bank.

The article finds that estimates of economic recovery and resilience are higher in countries with more reliable budget processes and more transparent public finances. Also, the strength or effectiveness of the budget system before the pandemic appears to moderate the impact of government stimulus measures on economic recovery and resilience over a medium-term forecast horizon.

This is a prospective analysis based on economic forecasts from the IMF, which are subject to change in the coming years. In addition, the analysis uses subjective budget system indicators, which present measurement challenges that often influence this area of research. Better comparative data in the future, for example, large administrative datasets, will enable researchers to explore these issues with less estimation bias.

The findings are relevant for policymakers and budget officials in developing countries in Africa who are engaged in plans to improve national budget systems and enhance resilience to crises, such as the COVID-19-induced economic crisis. The findings also have implications for developing countries beyond Africa with similar economic and fiscal conditions.

The findings have implications for economic and budgetary planning for the social sector as well as the efficient delivery of public services in developing countries. Public managers have a critical role to play in adapting national budget systems and financial management reforms within complex and evolving economic circumstances even after the coronavirus pandemic.

The authors use novel and latest data on country responses to the COVID-19 pandemic as well as medium-term economic forecasts to examine the relationship between national budget systems and post-pandemic economic recovery and resilience in the African context. Previous research has only addressed these issues in the context of industrialized countries, and a limited number of empirical studies examine these relationships. The findings also have significant value for policymakers outside Africa who are facing similar challenges related to the coronavirus pandemic.

This study aims to extend Bowman's risk–return paradox to Asian emerging markets and explain its causes under the prospect theory.

The study is conducted on a cross-sectional sample of 4,609 firms across nine Asian emerging countries. The two stage least squares (2SLS) estimation technique is used to evaluate the three objectives of the study, i.e. Bowman's risk–return paradox, significance of firm-specific risk and prospect theory explanation of Bowman's paradox.

The authors challenge the two basic financial economics arguments that higher risk is rewarded with higher return, and firm-specific risk is diversifiable. The empirical findings confirm the negative impact of firm-specific and systematic risk on firm return, thus, corroborates the Bowman's explanation of risk–return trade-off. However, the authors did not find empirical evidence to support prospect theory's explanations of Bowman’s paradox in Asian emerging markets.

A holistic approach is adopted to analyze the various aspects of Bowman's paradox and its causes for the same time period, variables and sample. The authors also rectified several methodological limitations observed in previous studies, i.e. the use of same proxies for firm return and risk, endogeneity and survivorship issues. Furthermore, the findings of this study will enable managers to formulate critical viewpoint on firm-specific risk and systematic risk and take informed strategic decisions regarding optimum utilization of their firm's key resources in Asian emerging markets.

This paper aims to investigate the effect of metaphor “Digital India-Power to Empower” on citizens’ intention to adopt the e-governance while taking citizens’ attitude and emotional attachment with Digital India as mediating variables between citizens’ involvement and intention to adopt e-governance.

After reviewing the extant literature and using the learning from Technology Acceptance Model-Extension (TAME), a conceptual model has been proposed. The model is empirically tested on 224 respondents from India using structural equation modeling technique.

The paper suggested that the metaphoric promotion of E-Governance leads to a higher intention to adopt E-Governance. Metaphoric promotion has a positive influence on citizen involvement with E-Governance, which leads to positive attitude toward E-Governance. This positive attitude leads to citizens’ emotional attachment with E-Governance, which in turn leads to citizens’ positive behavioral intention to adopt E-Governance. In addition, there is a significant difference in attitude toward E-Governance with respect to education level and metro city dwelling, but there is no difference in intention to adopt E-Governance with respect to education and metro city dwelling.

As there is a dearth of research on the usage of metaphor by government and its effect on citizens’ adoption of E-Governance, a conceptual model has been prepared by using learning from metaphor studies majorly in non-government services.

As marketing and metaphors are rarely spoken words in E-Governance research, present study starts the much-needed conversation. In the past, adoption of E-Governance is studied in terms of technology attributes using TAM Model. The present study is first to explore the behavioral impact of E-Governance metaphoric promotion on citizens’ intention to adopt E-Governance based on TAME model. It raises the issue of marketing foundation of E-Governance in mobilizing the citizens’ intention to adopt the E-Governance.

This study examines the effects of comparable companies, within the same industry, on cash-holding (CH) levels of a specific firm in the Stock Exchange of Thailand (SET). Peer effects are hypothesized to affect a firm's average CH levels.

The authors use data of listed firms in the Thai stock markets from 1995 to 2018. The sample consists of 5,277 firm-year observations. The authors perform robustness tests by incorporating gross domestic product, economy and competitiveness.

Peer firms' CH levels correspond positively to the specific firm's CH. This strengthens further for firms with high cash flow volatility during periods of high competition. Unfavorable economic periods also motivate the association between a firm's CH and peer firms' CH.

A policy on CH should account for cash held by peer firms. Firms can justify their CH policy as compatible with peers' cash flows, especially during periods of competitiveness and an unfavorable economy.

The authors provide novel evidence on how emerging markets' CH levels differ from those in developed markets and propose adjusted explanations for the rivalry- and information-based theories. The findings add substantial knowledge to corporate finance by arguing that CH policies are based on peer firms' strategic moves.

It has been observed time and again by researchers that one must be highly adaptive in order to be effective. Number of instruments are available, but most of them have been developed and then standardized on western population. To ensure utility of some of the well‐known instruments, it is imperative to testify them on Indian population. The present study is an attempt to re‐examine the factorial structure of the instrument developed by Mott.Design/methodology/approach – The work is based on a broad range of published works, including papers, books and reports.Findings – The findings have revealed that this instrument does not replicate its factors in totality, hence indirectly the impact of culture on managerial effectiveness. The study has established that the instrument developed by Mott does not replicate its factorial structure in Indian context. The original version had three factors, such as productivity, flexibility and adaptability, whereas the present study has shown that there are only two factors, such as functional effectiveness and personal effectiveness in the Indian context.Originality/value – Of value for functional effectiveness and personal effectiveness in the Indian context.

The purpose of this paper is to evaluate project‐based management in the context of interventions to initiate improved organisation performance.

The work draws on literature from project management, change management (CM) and performance management.

Results identify the interrelated aspects of project management, CM, and performance management. Conclusions indicate that improved organizational performance and increased productivity would be achieved by adopting an integrative approach to project‐based interventions.

Further research into specific integrated techniques and tools for delivering change would be valuable with particular focus on technical contributions to CM. Moreover, the PM field could gain from utilising CM processes in implementation of projects.

Whilst a number of theories of CM are widely accepted, literature suggests they are falling short of their endeavours as a result of the theories lacking a useful framework to successfully plan, implement and manage change.

The rapidly changing business environment has required organisations to seek out effective processes, tools and techniques to implement successful change. Whilst there is a significant body of literature surrounding CM, the high failure rate of change interventions suggests improvements could be made to its management, monitoring and control. The analytical focus of this research was in how the common and most utilised CM models could be improved with PM processes, in order to appropriately deliver successful change.

This article critically argues the value of project‐based management in the CM process, with particular focus on the Project Management Book of Knowledge (PMBoK). As such, change interventions to bring about improved organizational performance can be considered a project; as such, a new approach to project‐based change interventions is proposed.

This study aims to verify the significance of Andersen (2008) corporate risk management (CRM) framework in Asian emerging markets (AEMs) to control firm risk and improve firm performance.

The cross-sectional analyses are performed on a sample of 4,609 firms across nine Asian emerging countries using 2SLS estimation technique.

The empirical findings show that the adoption of CRM not only enhances firm performance by increasing the firm ability to capitalize on the market opportunity but also plays a significant role in reducing firm risk. The findings of this study assert that by institutionalizing risk management practices into an integrated CRM framework, the firm can reap multiple benefits by maintaining better contractual agreements and strategic partnerships with key stakeholders.

The study shifts the focus of CRM away from Western countries toward AEMs, which has been afflicted by high risks and uncertainties. The effectiveness of CRM against firm risk is established by dividing firm risk into firm-specific risk and systematic risk. Furthermore, this study also establishes that CRM not only leads to high returns but also reduces firm operational and production costs. Overall, the study provides a compelling argument to implement CRM for improving organizational performance and managing risks in a strategic and integrated manner. The findings are also relevant to risk management practitioners, as well as to academicians interested in the broader fields of corporate finance and strategy.

The article focuses on the magnetohydrodynamic (MHD) convective flow of MoS₂-SiO₂ /ethylene glycol (EG) hybrid nanofluid. The effectiveness of Hall current, periodically heating wall and shape factor of nanoparticles on the magnetized flow of hybrid nanocomposite molybdenum disulfide- silicon dioxide (MoS₂-SiO₂) suspended in ethylene glycol (EG) in a vertical rotating channel under the influence of strong magnetic dipole (Hall effect) and thermal radiation is assessed. One of the channel walls has an oscillatory temperature gradient. Four different shapes (i.e. brick, cylinder, platelet and blade) of nanoparticles disseminated in base fluid (EG) are considered for simulation of the flow.

The analytical solution of governing equations has been presented. Influences of emerging physical parameters on the velocity and temperature profiles, the shear stresses and the rate of heat transfer are pointed out and discussed via graphs and tables.

The analysis revealed that Hall parameter has suppressing behavior on the velocity profiles within the rotating channel. The impact of nanoparticle shape factor advances the temperature characteristics significantly in the rotating channel. Brick-shape nanoparticles put up relatively low-temperature distribution in the rotating channel. The Hall parameter reduces the amplitudes of the shear stresses at the channel wall. However, the radiation parameter enhances the amplitude of the rate of heat transfer at the channel wall.

The important technical advantage of hybrid composition of nanoparticles as a drug carrier is its stability, high thermal conductivity, high load carrying capacity, etc. The proposed model may be beneficial in biomedical engineering, automobile parts, mineral and cleaning oils manufacturing, rubber and plastic industries.

To the best of our knowledge, there is little or no report on the aspects of assessment of the effectiveness of Hall current and nanoparticle shape factor on an MHD flow and heat transfer of an electrically conducting MoS₂-SiO₂/EG ethylene glycol-based hybrid nanofluid confined in a vertical channel with periodically varying wall temperature subject to a rotating frame. The present work furnishes a robust benchmark for the dynamics of nanofluids.