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Article
Publication date: 10 May 2019

Sumita Srivastava, Kanika Satsangi and Nandita Satsangee

The purpose of this paper is to identify the elements of education and training intervention that facilitate occupational transition intentions of undergraduates and encourage…

Abstract

Purpose

The purpose of this paper is to identify the elements of education and training intervention that facilitate occupational transition intentions of undergraduates and encourage them to opt for entrepreneurial pursuit.

Design/methodology/approach

The study, conducted in India, employed the nominal group technique (NGT) – A systems science technique – which considers that users are experts and they must participate in the decision-making process. The application of NGT involved a workshop format; 15 domain experts participated in the workshop. Throughout the process, a democratic process was followed to avoid individual dominance and premature focusing on a single idea.

Findings

The study obtained 63 responses from experts for effective entrepreneurship education in India. The responses were reduced to seven elements after a few thematic iterations. These elements were then segregated into content (knowledge, skills and attitude) and learning interaction on the basis of experts’ responses. An initial draft of the course based upon the elements identified through NGT is presented in this paper.

Originality/value

This study is unique and different from previous research on entrepreneurship education in several ways: It takes cognizance of multiple stakeholders; It provides a theoretical framework along with empirical groundwork; It suggests curriculum contents that have contextual as well as universal relevance. This paper contributes to the emerging dimensions of entrepreneurship literature, which implies a shift from understanding a well-established Western context of entrepreneurship research to transitional societies from the East.

Article
Publication date: 17 July 2019

Rupali Misra, Sumita Srivastava and Devinder Kumar Banwet

In spite of an intuitive appeal regarding association between personality and investment efficacy, there is a dearth of empirical support for the effects of theoretically…

Abstract

Purpose

In spite of an intuitive appeal regarding association between personality and investment efficacy, there is a dearth of empirical support for the effects of theoretically meaningful personality difference on intuitive and analytical ability, which further explains investment efficacy. The current study aims to explore this link using multi-method analysis.

Design/methodology/approach

In Study 1, the experimental protocol captures intuitive responses of naïve investors in four different investment horizons and maps the findings with personality constituents of the Big Five (Costa and McCrae, 1992), while in Study 2, survey of active investors seeks their preference for intuition or deliberation (PID, Betsch, 2004) in decision-making, along with measuring their investment efficacy and analysing the results on the basis their personality Type A vs Type B.

Findings

Subjects with lower extraversion tend to have superior forecasting accuracy for gold and dollar, while those with lower neuroticism have tendency of superior forecasting for dollar and Nifty index in mid-term investment. Further, in Study 2, the results indicate superior intuitive ability, analytical ability and investment efficacy of Type B investors.

Originality/value

The study is unique in two ways. One, it explores the role of personality in ambidextrous decision-making framework, where rationality and intuition iteratively operate in a parallel, yet synchronous, fashion. Two, the study attempts to examine the role of personality in the unique socio-cultural context of an emerging economy such as India with Eastern religious traditions, having strong implications on the personal characteristics of the decision agents.

Details

Qualitative Research in Financial Markets, vol. 12 no. 2
Type: Research Article
ISSN: 1755-4179

Keywords

Article
Publication date: 12 March 2018

Rupali Misra Nigam, Sumita Srivastava and Devinder Kumar Banwet

The purpose of this paper is to review the insights provided by behavioral finance studies conducted in the last decade (2006-2015) examining behavioral variables in financial…

4200

Abstract

Purpose

The purpose of this paper is to review the insights provided by behavioral finance studies conducted in the last decade (2006-2015) examining behavioral variables in financial decision making.

Design/methodology/approach

The literature review assesses 623 qualitative and quantitative studies published in various international refereed journals and identifies possible scope of future work.

Findings

The paper identifies stock market anomalies which contradict rational agents of modern portfolio theory at an aggregate level and behavioral mediators, influencing the financial decision making at an investor level. The paper also attempts to classify different dimensions of risk as professed by the investor.

Originality/value

The authors synthesize the contribution made by behavioral finance studies in extending the knowledge of financial market and investor behavior.

Details

Review of Behavioral Finance, vol. 10 no. 1
Type: Research Article
ISSN: 1940-5979

Keywords

Article
Publication date: 6 October 2021

Rupali Misra, Puneeta Goel and Sumita Srivastava

Even after appreciating multi-faceted merits of retail participation in stock markets and extensive efforts by policymakers and financial service industry to increase it, the…

Abstract

Purpose

Even after appreciating multi-faceted merits of retail participation in stock markets and extensive efforts by policymakers and financial service industry to increase it, the present low retail participation in Indian stock markets is cause of grave concern. The purpose of this paper is to identify plausible drivers and deterrents of prospective and current household individuals through a multi-stage qualitative enquiry.

Design/methodology/approach

Two qualitative studies are conducted. In Study 1, scholarship of stakeholders is engaged through participative diamond model to propose behavioural classification of retail investors based on two-parameter framework. In Study 2, behavioural substructures of retail investors that drive or deter investment intentions and actions are identified through in-depth interviews.

Findings

Financial self-efficacy, past experience (own or peer group), financial eco-system, operational literacy, higher charges by financial experts and low liquidity in the hands of the investors are some key factors that influence investment intension and action of individual investors. Though digital platforms have helped to overcome hurdles faced by an investor but its availability, awareness and ease of use still remain a concern.

Practical implications

The inductive findings of this study uncover some important take-aways for the financial service industry – improve operational literacy, digital awareness, ease of use and incorporate risk assessments in client portfolios – and for the policymakers – improve investment eco-system through digital availability, financial literacy workshops focussed on operations.

Originality/value

To the best of the authors’ knowledge, this study is one of the initial attempts to adopt a multi-stage qualitative enquiry to propose behavioural classification of retail investors and uncover reasons that drive or deter individual investors’ intentions and actions in the context of Indian stock market. Moreover, this study provides necessary impetus to analyse and improve operational literacy (instead of financial literacy) and financial eco-system for higher retail participation.

Details

Qualitative Research in Financial Markets, vol. 13 no. 5
Type: Research Article
ISSN: 1755-4179

Keywords

Article
Publication date: 5 June 2017

Sumita Srivastava and Rupali Misra

The purpose of this study is to identify the antecedents of entrepreneurial intentions of young women in India because currently Indian Government is emphasizing heavily on…

1296

Abstract

Purpose

The purpose of this study is to identify the antecedents of entrepreneurial intentions of young women in India because currently Indian Government is emphasizing heavily on women’s participation in the mainstream of economic activities in the country. This study focuses on entrepreneurial intentions as the most important stage of entrepreneurship process. Based on the theory of planned behavior, propounded by Ajzen (1991), it points out intentions as the most significant predictor of human behavior.¤

Design/methodology/approach

This paper uses multi-method analysis for validation of the model proposed by Linan. In Study 1, an adapted version of Entrepreneurial Intention Questionnaire (EIQ) (Linan and Chen, 2009) was administered to a group of 248 female students studying in under-graduate science, commerce, arts or management courses, who voluntarily participated in the survey. Quantitative data analysis was conducted using partial least square (PLS) path-modeling algorithm. In Study 2, qualitative study was conducted on 110 young female students using focus group interview technique. Framework analysis was used for the data analysis of the qualitative study.

Findings

This study confirms the role of social valuation as an important antecedent of entrepreneurial intentions among women. However, it also identifies that entrepreneurship education is also an important element that affects the entrepreneurial intentions of young women in India.

Originality/value

The study uses multi-method analysis for identifying entrepreneurial intentions among young women in India.

Details

Journal of Entrepreneurship in Emerging Economies, vol. 9 no. 2
Type: Research Article
ISSN: 2053-4604

Keywords

Article
Publication date: 2 March 2015

Sumita Rai

The purpose of this paper is to test the impact of organizational justice on employees’ mental health. This paper is also an attempt to understand the moderating role of…

1844

Abstract

Purpose

The purpose of this paper is to test the impact of organizational justice on employees’ mental health. This paper is also an attempt to understand the moderating role of organizational identification on organizational justice and employee mental health.

Design/methodology/approach

Standard questionnaires were used to collect data. A survey study was conducted in two multinational companies located in northern and southern part of India. The sample size of the study was 321.

Findings

The result of hierarchical regression highlights that distributive and interactional justice were significantly correlated with employee mental health with positive interaction effect in the case of strong identification. Moderating effect of organizational identification on mental health and organizational justice was also found significant.

Research limitations/implications

The theoretical development from this paper will contribute to organizational justice research presenting its impact on employee mental health. The moderating effect of organizational identification will bring a new dimension to understand the relationship of organizational justice and mental health.

Practical implications

This study will provide insight to practicing manager to reinforce organizational justice practices at workplace. This will also help manager and leader to understand the identification level of employee with organization, and its impact on mental health.

Originality/value

This paper explores all the three forms of organizational justice as antecedents. It also studied employee mental health as consequence and the role of organizational identification as moderator on justice and mental health.

Details

South Asian Journal of Global Business Research, vol. 4 no. 1
Type: Research Article
ISSN: 2045-4457

Keywords

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