| Experimental
Research in Behavioral Finance: Perceptions of Indian Researchers
-- P
Krishna Prasanna
Experiments
in behavioral finance are conducted by duplicating or simulating market settings
to observe the decision-making behavior of the investor. Based on such experiments,
researchers across the countries could answer many questions, which was not possible
using conventional methods of data analysis and surveys. Revealed preferences
in experiments may give better insight than the stated preferences in surveys.
Despite its various advantages, the acceptance of experimental design methodology
is not universal. This paper examines the perception of Indian academicians and
researchers on the significance of experiment as a research method, the relevance
of experiments in financial research and the practicability of conducting finance
experiments in the Indian context. This study empirically establishes the academic
conviction that experimental research is an effective method. The results also
confirm the belief that experiments are very useful in financial research, particularly
to understand the behavioral aspects. However, given the market environment in
India, researchers are skeptical about conducting finance experiments in India.
©
2007 IUP . All Rights Resrved.
Quality
of Services in E-Banks and Traditional Banks: An Empirical Study of Employee's
Perceptions in India
-- R
K Uppal and Rimpi Kaur During
the pre-LPG (Liberalization, Privatization and Globalization) era, banks performed
all their functions manually, with little support from computers. As their services
were labor-intensive, banks had to bear heavy establishment costs. This eroded
their profitability, as well productivity, rendering them incompetent in the global
market. With the wave of LPG, banks computerized their operations, resulting in
reduced paperwork, burden of accounts maintenance and hence, improved database
management. With the introduction of the IT Act, banking has undergone an electronic
revolution, known as e-banking. E-banking has enabled banks to compete in the
global market with attractive and innovative products and services. Since the
e-banking system has become a necessity of the current market forces, the move
of the public sector banks to step up towards the same has become a matter of
survival. This paper is an attempt to ascertain the perceptions of as many as
60 e-bank employees about the e-banking services provided to the customers in
urban Punjab. ©
2007 IUP . All Rights Reserved.
Human
Resource Planning Practices: A Comparative Study of Public and Private Sector
-- S
F Chandra Sekhar Human
resource planning as a strategic issue of HRM is considered very crucial for repositioning
organizations in the context of changing business environment. Further, in response
to the ongoing economic restructuring, human resource planning requires integrating
a firm's strategic challenges with human resource strategies and practices. This
study intends to explore the status of human resource planning in a large database
of public and private sector undertakings. HR functionaries from 57 companies
responded to the structured questionnaire which includes scales to measure the
extent to which HRP practices are carried out in their concerns. On comparing
the controlling for the levels of functions across the public and private organizations,
certain startling findings were revealed. The HR functionaries of the public sector
were found to be more active in their HRP activities than their private sector
counterparts. However, the mean variations in their HRP activities have not reached
the statistical levels of significance, indicating that HRP orientation and HRP
activity profile are global in nature, rather than specific to the type of organization.
Implications are drawn for future considerations in the practice of HRP activities.
©
2007 IUP . All Rights Reserved.
A
Study on the Motivating Factors of
Women Entrepreneurs in Chennai
-- M M Shankar and M E
Vijayalakshmi The
concept of entrepreneurship has gained worldwide popularity in recent years. Women
are becoming entrepreneurs at a faster rate as compared to men. It is estimated
that women entrepreneurs presently comprise 10% of the total number of entrepreneurs
in India, and this figure is found to be increasing every year. If the prevailing
trend continues, it is likely that in another five years, women will comprise
20% of the entrepreneurial force. The women-owned enterprises in India have increased
to 7%, with Tamil Nadu recording the highest growth of 18%. With this background,
the research examines the motivating factors of women entrepreneurs in Chennai,
the capital city of Tamil Nadu. The various motivators were categorized into `Pull'
and `Push' factors. The study uses a descriptive research model, with the help
of non-probability sampling design and a convenience method for sampling data
collection. Data were collected from 47 respondents. It was found that many of
the women entrepreneurs in this study were motivated by the `pull' factors. ©
2007 IUP . All Rights Reserved.
Career
in Human Resource Management: A
Student Perspective
-- Diganta Chakrabarti Generally
students graduating from the management institutes opt for careers in the areas
of Marketing, Finance and Systems and a few for Human Resource Management (HRM).
Lack of interest in HRM career has been attributed to various unfavorable notions
or ideas. The present study scrutinizes the perceptions of students, who are in
the first year of study, about a career in HRM. The data on perception was obtained
from a questionnaire-based survey, from a convenient sample of 1st
year MBA students in Hyderabad. Factor analysis of the data yielded six different
factors and it was found that, perceptions to pursue a career in HRM vary between
groups divided according to gender, job-experience and willingness/unwillingness.
Corrective measures are suggested to enhance the favorable perceptions of the
students, so that more of them opt for an HRM career. ©
2007 IUP . All Rights Resrved.Resrved.
Transformational
Leadership A Contemporary Leadership Development Program for Knowledge Workers
-- Y
Rama Krishna and V Madhusudhan Prasad In
the recent years, the Indian IT and ITES industry has become a destination for
educated and skilled workforce. At the same time, attrition level is higher than
that in other industries. The major challenges faced by HR managers in this industry
include fostering organizational commitment, enhancing creativity, effective team
work, and more importantly, leadership at the team level. Earlier studies reported
that leadership at the team level is pivotal for building successful teams. In
the IT and ITES industry, it was observed that team leaders lacked the required
leadership skills. This paper reviews various leadership development theories
and suggests the adoption of transformational leadership theory for an ideal leadership
development program through which the team leader would be able to identify the
process, analyze and develop organizational commitment, creativity and team work
amongst the team members. ©
2007 IUP . All Rights Reserved. | 
