J  .  A  . M  . I

Journal of Applied Management and Investments



ISSN 2225-3467



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Current Issues & Archive

 Volume 5 Issue 3 2016                                  Abstracts







 Stress Management in Service Sector:  A Case Study of Life Insurance Corporation of India  

S. Bahl       

The paper attempts to undertake an in-depth analysis of stressors and their management in Life Insurance Corporation, Jammu. The broad objectives of the study are: to estimate stress at different levels of authority, in organization; to study the causes of stress; to study and suggest various mechanisms for regulating stress in the organization for better organizational performance. The study revealed that Stress Management at individual level contributes more towards overall management of stress. Though employees do understand the value of exercise, games, walking in contributing significantly towards managing stress at the individual level, the finding report that exercise is not taken seriously by the respondents. However, it is heartening to note that employees at their individual level have been able to comparatively manage the stress in better manner as compared to the organizational efforts and interventions.

Keywords: stress, management, employees, organization, insurance


 Analysis of Selected Factors of the Quality of Work Life as Determinants of Work Performance    

J. Cocuľová

The paper focuses on the issue of quality of working life (QWL) and how it relates to the individual efficiency of a work. The paper presents a review of research whose goal is to investigate the statistically significant relationship between selected factors of quality of working life and rate of individual efficiency. For the purpose of the study, 5 factors of QWL were used, namely work safety, carrier growth potential, work environment, social interactions and company benefits. The dependent determinant, individual work efficiency was rated by the direct supervisor on the scale of 1-7. The hypotheses were tested with the help of correlation analysis, the results confirmed most of hypotheses. The research, thus, confirmed the assumption that the level of quality of work life greatly determines the performance of the worker.

Keywords: quality of work life (QWL), job satisfaction, work performance


   Efficiency Measurement for MFIs in India Using the Control-Efficiency Model

M. Dash, S. L. D. Pandey

The role of microfinance institutions is to provide credit to the poor who have no access to commercial banks. A major challenge for microfinance institutions is that of financial sustainability, with several of them appearing to be often loss making. Recently, however, there has been a renewed focus on the financial sustainability and efficiency of microfinance institutions, which is essential for the well-being of the financial system in developing countries. This study examines the efficiency of microfinance institutions in India using a modified form of Data Envelopment Analysis. The data for the study was collected on a sample of thirty microfinance institutions in India from the Microfinance Information eXchange (MIX). The results of the analysis indicate the inefficiencies in the microfinance sector.

Keywords: microfinance institutions, financial sustainability, efficiency, Data Envelopment Analysis


  Implications of Standard Costing System in Manufacturing: A Case Study

P. Eisenberg

The case study was carried out in the field of Management Accounting and Performance Evaluation at the University of Derby, United Kingdom. The purpose of the case study is to critically evaluate the implications of retaining the standard costing system at the female sportswear manufacturing company Active Sports Life (ASL) and to make relevant recommendations. The paper shows that management accounting processes have to follow company strategy in a given business environment. A combination of management accounting instruments can prove successful to save on costs, to retain valuable goods and services and to remain competitive through appropriate pricing.  

Keywords: cost leadership strategy, differentiation strategy, standard costing, value chain, activity based costing


  Payments in Business, European Payment Index      

P. Masiukiewicz

The principal aim of the article was to analyse both economic and legal conditionings of late payments in commercial transactions in Poland. Regarding economic conditionings, the research focused mainly on issues of diversification of enterprises’ receivables’ structure and cycles, payment periods, levels of losses caused by late payments and the reasons of analysed phenomenon. General reasons for delayed payments are: bad ethics of debt payment in a given country, dysfunctional relationships between business partners, lack of legal protection of payments, delayed payments by government, ineffective system of debt recovery, debtors’ bankruptcy. All the data coming from reports by international economic intelligence companies like Intrum Justitia, D&B and Atradius – should be considered a direct base of presented economics. The data proves that the payment credibility of Polish enterprises, estimated with the use of a so-called Payment Index, is low and deteriorating. Legal analysis of late payments in Poland focuses mainly on the Act on late payments in commercial transactions of 2013, based on evolutionary research of proposed regulations designed to protect creditors from adverse effects of payments lags.    

Keywords: payment bottlenecks, payment periods, commercial transaction, law



 Impact of Macro-Economic Factors on Sectoral Indices – Evidence from Indian Markets

R.S. Naveen, N. Sivakumar

The impact of macro-economic factors on stock returns has been long proven through research studies. This paper extends this idea to understand the impact of macro-economic factors on sectoral indices of the National stock exchange (NSE) of India. The study uses data over a 10 year period. Based on regression models, the study shows that crude oil prices and forex rates have a pervasive significant impact on sectoral indices. Besides, there are several other macro-economic factors which affect specific sectoral indices.

Keywords: sectoral indices, macro-economic factors, National stock exchange



 Fascination of Entrepreneurship among Graduate Students of India

N. Sheoliha

The  present  study  builds  on  previous  intent  studies,  and  tries  to  find  out  the  entrepreneurial  intent  of management students in  India. Entrepreneur education is offered with management education by Business Schools in a large scale these days.  But the number of management students, who take up entrepreneurship, are few.  Moreover no study has been conducted in the Indian MBA students to find out their intention towards entrepreneurship. The paper aims to test a model that incorporates Perceived behaviour control, Subjective norms depending on social norms, and attitude towards entrepreneurial intent. It was also attempted to understand gender differences in entrepreneurship intent and the impact of educational qualification prior to MBA on entrepreneurship intent.

Keywords: entrepreneurship, education, MBA, behaviour, intent



 Taking a Relook into the Decision Making Process in Indian Banking Sector with Respect to Non-Performing Asset Management

S. Upadhyay, S. Gupta

The article is devoted to the issue of non-performing assets in India banking sector. The main focus is made on the NPA management procedure and practices, as well as the decision making process in this regard is examined. The possible changes in the existing practices directed to the improvement in the scenario of NPA (Non-Performing Asset) management were showed. The economic, social, financial and psychological aspects were also examined.

Keywords: non-performing assets, banking system, decision making, crisis, management



 Mutual Fund Portfolio Hedging Using Index Futures: An Empirical Analysis

B. Vishwas, N. Sivakumar

The objective of the paper is to study the effectiveness of using index futures in hedging the returns of mutual fund portfolios. Using index futures of the National Stock Exchange of India, the study has attempted to hedge the returns of a professionally managed mutual fund portfolio for a period of over 10 years. The results of the study show that, while hedging using index futures does significantly reduce variance of returns, it does not significantly increase risk adjusted returns.

Keywords: index futures, mutual fund, hedging efficiency, National Stock Exchange





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