A financial supply chain on corporate working capital and interbank lines of credit
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Authors: Rahman, Molla Ramizur; Misra, Arun Kumar; Kumar, Satish
Year: 2024 | IIM Sambalpur
Source: International Review of Financial Analysis DOI: 10.1016/j.irfa.2023.102965
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Companies sign prior contracts for working capital demand loans with banks to mitigate their working capital shortfall. In order to honor the contract, banks also undertake lines of credit agreements in the interbank market to protect themselves from liquidity mismatch. The paper proposed a mathemat...(Read Full Abstract)
Companies sign prior contracts for working capital demand loans with banks to mitigate their working capital shortfall. In order to honor the contract, banks also undertake lines of credit agreements in the interbank market to protect themselves from liquidity mismatch. The paper proposed a mathematical model to assess the per-formance of banks in a probabilistic environment, where corporates exercise their options for working capital loans and banks face liquidity problems, therefore resort to lines of credit in the interbank market. The paper through simulation examined the effect of expected income and expenses, at different probabilities for companies exercising their options for different quantities of working capital demand loans, and banks approaching the interbank market for lines of credit. It is found that as the probability of exercising working capital demand loans increases, the net-interest income for banks also increases. The model is further validated with unique primary data for a bank having overdraft contracts with 55 companies in an interbank market of 22 banks. The paper uses the network theory to examine the stability of banks in an interbank market. This model will help banks with policy formulations to maximize net-interest income by considering the number of corporates signing overdraft contracts, overdraft interest rate, the probability of corporates exercising overdraft contracts, and the number of banks to be considered in an inter-bank market.
A meta-analysis of satisfaction in mobile banking: a contextual examination
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Authors: Kumar, Poonam; Chauhan, Sumedha; Kumar, Satish; Gupta, Prashant
Year: 2024 | IIM Sambalpur
Source: International Journal of Bank Marketing DOI: 10.1108/IJBM-04-2023-0236
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PurposeIn mobile banking (m-banking), understanding the factors contributing to customer satisfaction is crucial for bank managers to design effective strategies for enhancing the uptake of mobile banking services. This study assesses the relationships between quality, technology acceptance and cred...(Read Full Abstract)
PurposeIn mobile banking (m-banking), understanding the factors contributing to customer satisfaction is crucial for bank managers to design effective strategies for enhancing the uptake of mobile banking services. This study assesses the relationships between quality, technology acceptance and credibility factors and behavioural outcomes (actual use, continuance intention and loyalty) and satisfaction with m-banking. It further investigates the moderating influence of economy type, innovation level, connectivity level and sample size on all these relationships.Design/methodology/approachThe study employs a meta-analysis technique and reviews 54 published studies to investigate the antecedents and consequences of satisfaction with m-banking.FindingsThe study finds a significant relationship between satisfaction with m-banking and quality, technology acceptance and credibility factors and behavioural outcomes. It concludes that the moderating effect of economy type, innovation level, connectivity level and sample size partially moderate the majority of the hypothesized relationships.Research limitations/implicationsDrawing on a comprehensive literature review, this study presents a novel framework elucidating the antecedents and behavioural outcomes of satisfaction with mobile banking. It contributes to the literature by exploring the moderating effects of sample size and country context on the relationships between these factors, presenting important implications for future mobile banking research.Practical implicationsThis study has practical implications for m-banking service providers, offering insights into the factors that drive user satisfaction with mobile banking and highlighting the need for tailored strategies in different country contexts.Originality/valueThis study examines the effects of factors leading to satisfaction and the subsequent outcomes within the context of m-banking. The findings offer fresh perspectives that can be valuable for managers and policymakers, enabling them to enhance customer satisfaction in the realm of m-banking.
A study of sustainability risks from industry 4.0 perspective: taxonomy and future research avenues
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Authors: Choudhary, Divya; Nandy, Indranil
Year: 2024 | IIM Sambalpur
Source: Competitiveness Review DOI: 10.1108/CR-11-2023-0277
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PurposeA large number of organisations are moving towards adopting Industry 4.0 (I4.0), and simultaneously, the emphasis on attaining sustainability development goals is also increasing. Hence, it is imperative to understand the interplay between I4.0 and sustainability. However, the literature addr...(Read Full Abstract)
PurposeA large number of organisations are moving towards adopting Industry 4.0 (I4.0), and simultaneously, the emphasis on attaining sustainability development goals is also increasing. Hence, it is imperative to understand the interplay between I4.0 and sustainability. However, the literature addressing the same is still in infancy. Accordingly, the purpose of this study is to fill this gap in the literature by exploring the potential sustainability impacts of I4.0 on the organisations and society in terms of sustainability risks.Design/methodology/approachTo gain an understanding of sustainability aspects in the I4.0 context, relevant literature is gathered using Scopus and Web-of-Science database. An in-depth review of 51 research papers is performed to determine the sustainability risks associated with I4.0.FindingsFrom the study, a total of 16 sustainability risks are identified, and I4.0 sustainability risk taxonomy is developed. The proposed taxonomy extends the sustainability implications of I4.0 beyond the triple bottom line umbrella and includes the organisational perspective as well. Furthermore, the study provides future research avenues to scholars by positing five potential research questions under different risk management stages.Research limitations/implicationsThe study provides an understanding of sustainability risks associated with the adoption of I4.0. The findings will help practitioners streamline their production and operation processes by finding out possible solution to the sustainability risks of their smart factories in advance. The present research will act as a stepping stone towards I4.0 sustainability. The proposed research questions will assist the future researchers in extending the field of I4.0.Originality/valueTo the best of the authors' knowledge, this is one of the first studies to address the topic of sustainability risks in the context of I4.0.
Applications, Challenges, and Future Directions of Human-in-the-Loop Learning
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Authors: Kumar, Sushant; Datta, Sumit; Singh, Vishakha; Datta, Deepanwita; Kumar Singh, Sanjay; Sharma, Ritesh
Year: 2024 | IIM Sambalpur
Source: IEEE Access DOI: 10.1109/ACCESS.2024.3401547
Access Type: Gold
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Machine learning (ML) has become a popular technique for various automation tasks in the era of Industry 4.0, such as the analysis and synthesis of visual data such as images and videos, natural language and speech, financial data, and biomedical applications. However, ML-based automation techniques...(Read Full Abstract)
Machine learning (ML) has become a popular technique for various automation tasks in the era of Industry 4.0, such as the analysis and synthesis of visual data such as images and videos, natural language and speech, financial data, and biomedical applications. However, ML-based automation techniques are facing difficulties like decision-making, thus incorporating user expertise into the system might be advantageous. The goal of adding human domain expertise with ML-based automation is to provide more accurate prediction models. Human-in-the-loop (HITL) systems that integrate human expertise with ML algorithms are becoming more and more common in various industries. However, there are a number of methodological, technical, and ethical difficulties with the development and application of HITL systems. This paper aims to explore the methodologies, challenges, and opportunities associated with HITL systems implementations. We also discuss a number of issues that must be resolved for HITL systems to be effective, including data quality, bias, and user engagement. Besides, we also explored several approaches that can be utilized to enhance the performance of HITL systems, such as active learning (AL), iterative ML, and reinforcement learning, as well as the current state of the art in HITL systems. We also selectively highlighted the advantages of HITL systems, such as their potential to increase decision-making process accountability and transparency by utilizing human experience to improve ML decision-making capability. The paper will be very useful for researchers, practitioners, and policymakers.
Are VaR models effective in capturing downside risk in alternative investment funds? Insights from a cross-country study
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Authors: Panda, Amrit; Deb, Soumya Guha
Year: 2024 | IIM Sambalpur
Source: International Journal of Financial Engineering DOI: 10.1142/S2424786323500445
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In this paper, we analyze the downside risk of alternative investment funds (AIFs) in a cross-country setting over a period of 2015-2021, using popular Value-at-Risk (VaR henceforth) models, and test the efficacy of such models in capturing the volatility posed by these funds. We estimate VaR in the...(Read Full Abstract)
In this paper, we analyze the downside risk of alternative investment funds (AIFs) in a cross-country setting over a period of 2015-2021, using popular Value-at-Risk (VaR henceforth) models, and test the efficacy of such models in capturing the volatility posed by these funds. We estimate VaR in the presence of three error distributions, including normal distribution, Student's t distribution, and GED distribution. Using weekly return data of 991 AIFs from 28 countries, over the period 2015-2021, we find that most of the funds, irrespective of country representation, exhibited a significant proportion of their weekly returns to be negative. To statistically validate our findings we use three backtesting approaches, i.e., Jorion's failure rate, Kupiec's proportion of failure (POF) tests and Christoffersen's independence test. Our findings indicate the presence of significant downside risk for AIFs, which these popular VaR models are unable to capture. These findings highlight the need for investors and fund managers to be cautious when relying solely on popular VaR models to manage downside risk in AIF and suggest that further research is needed to develop more effective risk management strategies for AIF, particularly in light of their complex structure and asymmetric return distributions.
Are we ready for metaverse adoption in the service industry? Theoretically exploring the barriers to successful adoption
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Authors: Gupta, Rohit; Rathore, Bhawana; Biswas, Baidyanath; Jaiswal, Mahadeo; Singh, Raunak Kumar
Year: 2024 | IIM Sambalpur
Source: Journal of Retailing and Consumer Services DOI: 10.1016/j.jretconser.2024.103882
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The Metaverse has emerged as a convergence of technologies and conceptions with the potential to reshape how we interact, participate, learn, and entertain ourselves in the digital age. It has gained substantial attention recently due to its immersive, interconnected, and virtual environment for mee...(Read Full Abstract)
The Metaverse has emerged as a convergence of technologies and conceptions with the potential to reshape how we interact, participate, learn, and entertain ourselves in the digital age. It has gained substantial attention recently due to its immersive, interconnected, and virtual environment for meeting evolving customer and market demands. As technology advances, firms implementing the Metaverse may gain a competitive edge and create new revenue streams. However, the service sectors still face challenges in adopting and successfully implementing Metaverse. Therefore, we attempted to establish a theoretical foundation to understand the challenges of Metaverse adoption in the service sector and to develop an integrated framework to analyse the barriers using the Fuzzy Analytic Hierarchy Process (FAHP) and Fuzzy Decision-making trial and evaluation laboratory (F-DEMATEL) techniques. To achieve this, we first identify barriers from extensive literature and categorise them into six broad categories based on experts' opinions. Then, we ranked each category and the barriers constituting them based on their criticality through FAHP. The Security and Privacy category has the highest weight among the six categories of barriers, followed by Governance and Standardisation, Infrastructure, User Behaviour and psychology, Feasibility, and Organisational culture and Stakeholder commitment. Further, we developed the causal-effect relationships among the six categories and analysed those categories through the degree of prominence and relationships. We found that Security and Privacy is one of the most influencing barriers. Then, we analysed our proposed decision-making model under different scenarios through sensitivity analysis. This study offers valuable insights into the relationships among the barriers and how they can impact progress towards achieving specific goals or objectives.
Can Industry 5.0 Develop a Resilient Supply Chain? An Integrated Decision-Making Approach by Analyzing I5.0 CSFs
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Authors: Sindhwani, Rahul; Behl, Abhishek; Singh, Ramandeep; Kumari, Sushma
Year: 2024 | IIM Sambalpur
Source: Information Systems Frontiers DOI: 10.1007/s10796-024-10486-x
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Advances in science and technology act as the gatekeepers of a sustainable future where a stable environment helps generate the power for innovation. Supply chains are the messengers of this euphoric future. However, when the messengers and the gatekeepers are not in sync, the flow of information is...(Read Full Abstract)
Advances in science and technology act as the gatekeepers of a sustainable future where a stable environment helps generate the power for innovation. Supply chains are the messengers of this euphoric future. However, when the messengers and the gatekeepers are not in sync, the flow of information is bound to stop and bring about a chaotic turn of events, the repercussions of which can be felt through the years. The same was the case with the COVID-19 pandemic, where the lack of man-machine collaboration in Industry 4.0 and the inability of firms to advance their supply chains technologically left them exposed and vulnerable to the disruptions created by the pandemic. It was an eye-opener for companies worldwide as the supply chains collapsed and production reached a standstill. Thus, a stance arises to re-evaluate the resilience capabilities of the supply chains and rethink the priorities for achieving sustainable and resilient supply chain practices. We also suggest injecting industry 5.0 technologies to meet the re-assessed priorities. For this, we have identified the criteria and CSFs of supply chain resilience using the PRISMA 2020 statement and subsequently analyzed them using PF-AHP (for finding criteria weights), m-TISM (to interpret the interrelationships of the CSFs), PF-CoCoSo (to rank the CSFs) and sensitivity analysis (to check the robustness). The results suggest cost-effectiveness as the top weighted criteria and disruption awareness as the highest priority CSF for achieving supply chain resilience.
Customers' satisfaction as a critical success factor in halal tourism: literature review and research agenda
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Authors: Ekka, Punit Moris; Bhardwaj, Shikha
Year: 2024 | IIM Sambalpur
Source: Journal of Islamic Marketing DOI: 10.1108/JIMA-02-2023-0059
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Purpose - This review paper is based on secondary research of published literature on customer's satisfaction in halal tourism to investigate, analyze and summarize what is already known about this current topic and to provide future directions about what could be known in the future. Design/methodo...(Read Full Abstract)
Purpose - This review paper is based on secondary research of published literature on customer's satisfaction in halal tourism to investigate, analyze and summarize what is already known about this current topic and to provide future directions about what could be known in the future. Design/methodology/approach - This qualitative study follows a systematic approach, using the PRISMA protocol. Online databases, namely, Scopus, Web of Science and Google Scholar, were used for the data extraction. The data under investigation include articles published till July 2023. Findings - However, an academic exploration of the burgeoning customer's satisfaction with halal tourism is just getting started. It is an interesting subset of the tourism industry with potential. Recent studies have shed light on the importance of customers' satisfaction in halal tourism by highlighting its most important aspects, as well as the most prominent theories, published authors, journals and research gaps. Toward the end of this study, suggestions for future research are made along these lines. Originality/value - This study examines the conceptual evolution, potential and fruitful application of customers' satisfaction in halal tourism in the postpandemic world. This study provides intriguing contextual data and insightful knowledge presented in a new context. This study discusses a comprehensive investigation and includes both academic and managerial consequences.
Demystifying the barriers for electric vehicle acceptance: Multiple stakeholders' perspective
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Authors: Rathore, Bhawana; Kumar, Vimal; Gupta, Rohit; Verma, Pratima; Bag, Surajit; Tagarakis, Konstantinos P.
Year: 2024 | IIM Sambalpur
Source: Research In Transportation Business and Management DOI: 10.1016/j.rtbm.2023.101090
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Increasing awareness about global warming, and the unsteadiness of oil prices has increased interest in sustainable transportation among consumers as well as researchers. Electric vehicles (EVs) are considered as one of the sustainable road transportations for coping with these challenges. This pape...(Read Full Abstract)
Increasing awareness about global warming, and the unsteadiness of oil prices has increased interest in sustainable transportation among consumers as well as researchers. Electric vehicles (EVs) are considered as one of the sustainable road transportations for coping with these challenges. This paper presents a study of the economical, technical, social & attitudinal, infrastructural, and policy and regulatory barriers to the adoption of EVs within an Indian context. Additionally, the study also considered different stakeholders' perspectives on adopting EVs. Various stakeholders viz. consumers/public, businesses, governments, and the scientific community will boost the supply and demand of EVs. All stakeholders' coordinated efforts are creating the groundwork for a stronger EV environment, which will result in increasing acceptability. This study aims to identify the significant barriers to EV adoption. Based on an extensive literature review first, we identified the various barriers, and after that, we prioritized the identified barriers through the Fuzzy Analytical Hierarchy Process (FAHP). FAHP is employed to study the relevance and prioritize the barriers with the help of expert opinions from different stakeholders. The results strongly suggest that a technical barrier is the most critical one among all the stakeholders. The ranking of EV barriers provides a decision-making framework for managers and experts to pay more attention to the critical barriers/sub-barriers in order to eradicate them from the system for the successful adoption of EVs. It recognizes the value of a robust theoretical contribution to the area and intends to investigate theories or models that might offer a more solid foundation for the study in order to support the theoretical framework of this research. The study provides a stronger rationale for the research's importance and potential impact by introducing a comprehensive theoretical framework.
Do debt, and operating efficiency contributes to corporate performance?
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Authors: Bhatia, Prince; Kumar, Rahul
Year: 2024 | IIM Sambalpur
Source: International Journal of System Assurance Engineering and Management DOI: 10.1007/s13198-023-02206-6
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This research delves into the interplay between debt efficiency, operating efficiency, and firm performance, utilizing annual data from 2013 to 2019 for Indian-listed companies. Employing the GLS regression model, our findings reveal a significant negative relationship between debt efficiency and th...(Read Full Abstract)
This research delves into the interplay between debt efficiency, operating efficiency, and firm performance, utilizing annual data from 2013 to 2019 for Indian-listed companies. Employing the GLS regression model, our findings reveal a significant negative relationship between debt efficiency and the financial performance of Indian firms. Conversely, operating efficiency exerts a notable positive influence on firm performance. Furthermore, our results affirm the significance of control variables such as sales growth, firm size, non-promoter shareholdings, and debt-equity ratio in shaping financial performance. This study underscores the pivotal role of an optimal capital structure mix in enhancing financial performance, particularly pertinent in India, where many firms are family-owned and heavily reliant on debt financing. Consequently, these findings hold valuable insights for investors making decisions within the context of family-owned firms in India.
Do green trade and technology-oriented trade affect economic cycles? Evidence from the Chinese provinces
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Authors: Liu, Shihua; Padhan, Hemachandra; Jithin, P.; Jose, Annmary; Rahut, Dil
Year: 2024 | IIM Sambalpur
Source: Technological Forecasting and Social Change DOI: 10.1016/j.techfore.2024.123334
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This paper explores the determinants of economic cycles in Chinese provinces, examining factors like information accessibility, communication infrastructure, technical innovation, and energy usage patterns. The research unveils a negative impact of green exports on economic cycles, potentially influ...(Read Full Abstract)
This paper explores the determinants of economic cycles in Chinese provinces, examining factors like information accessibility, communication infrastructure, technical innovation, and energy usage patterns. The research unveils a negative impact of green exports on economic cycles, potentially influenced by China's recent stringent environmental regulations. The findings suggest that basic communication facilities and energy consumption structure pose initial hindrances to economic cycles. Yet, they foster information dissemination and technical innovation. Despite the negative influence of green imports and specific technology-oriented trade segments on economic cycles, the study underscores the imperative of prioritizing long-term sustainability. It emphasizes the adverse association between energy consumption structure and economic cycles, highlighting the necessity of transitioning to cleaner energy sources despite short-term financial implications. The outcomes are in harmony with the evolving nature of these associations, underscoring the pivotal role of flexible policies and holistic development strategies in steering China's quest for green and sustainable economic development.
Dynamic linkages among bitcoin, equity, gold and oil: An implied volatility perspective
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Authors: Choudhary, Sangita; Jain, Anshul; Biswal, Pratap Chandra
Year: 2024 | IIM Sambalpur
Source: Finance Research Letters DOI: 10.1016/j.frl.2024.105220
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Bitcoin Implied Volatility, derived from the recently launched options on Bitcoin, provides a new forward-looking measure of uncertainty in financial markets. This paper explores its long-run and short-run relationships with the implied volatilities of equity, gold, and oil. The NARDL model reveals ...(Read Full Abstract)
Bitcoin Implied Volatility, derived from the recently launched options on Bitcoin, provides a new forward-looking measure of uncertainty in financial markets. This paper explores its long-run and short-run relationships with the implied volatilities of equity, gold, and oil. The NARDL model reveals a long-run relationship among Bitcoin volatility and others. Kyrtsou-Labys Nonlinear Causality tests established pair-wise causality between the implied volatilities under study. Our findings highlight the integration of Bitcoin markets with global financial markets, indicating the coming of age of the Bitcoin market.
Effect of public stockholding on wheat price dynamics in India: A quantile autoregression approach
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Authors: Tripathi, Ashutosh K.; Mishra, Ashok K.
Year: 2024 | IIM Sambalpur
Source: Australian Journal of Agricultural and Resource Economics DOI: 10.1111/1467-8489.12536
Access Type: Bronze
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The study investigates the effects of public stockholding on price dynamics and volatility in the Indian wheat market. A quantile autoregression method is used as a flexible representation of price dynamics and is based on a reduced-form methodology. The findings reveal that public stockholdings hav...(Read Full Abstract)
The study investigates the effects of public stockholding on price dynamics and volatility in the Indian wheat market. A quantile autoregression method is used as a flexible representation of price dynamics and is based on a reduced-form methodology. The findings reveal that public stockholdings have significant price effects, but the results vary significantly in price distribution. Further, we show local dynamic stability in the price distribution for all quantiles. However, dynamic adjustments tend to be qualitatively different across stockholding regimes, suggesting that price stability becomes less pronounced when stocks are low. Given the limitation of public stockholding in smoothing price fluctuations over time and the programme's high costs, our analysis highlights the need to explore other alternative mechanisms such as trade, for example, in achieving stability in food prices.
Energy-consumption, financial-development, and economic-growth: Evidence from the Asia-Pacific economies
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Authors: Mishra, Sibanjan; Deb, Soumya Guha
Year: 2024 | IIM Sambalpur
Source: Macroeconomics and Finance in Emerging Market Economies DOI: 10.1080/17520843.2024.2357939
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This study examines the tripartite linkages between energy consumption, financial development, and economic growth in Asia-Pacific region. Using the augmented Cobb-Douglas production function, the results reveal a positive relationship between energy consumption, financial and economic development i...(Read Full Abstract)
This study examines the tripartite linkages between energy consumption, financial development, and economic growth in Asia-Pacific region. Using the augmented Cobb-Douglas production function, the results reveal a positive relationship between energy consumption, financial and economic development in the long run. The results confirm that energy consumption and economic growth are co-dependent. Interestingly, financial development augments energy consumption in the region and implies that development of financial infrastructure enhances energy consumption. In the subsample analysis, we observe some significant differences for the advanced, emerging, and low-income samples also for different economic swings. The study offers several policy implications for policy makers of the region.
Envisioning the Future: Post-Pandemic Content Strategy for Destination Marketing Organizations
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Authors: Banerjee, Binata; Verma, Mohit
Year: 2024 | IIM Sambalpur
Source: Tourism DOI: 10.37741/t.72.2.6
Access Type: Gold
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The highly contagious nature of the novel Coronavirus locks -unlocks and economic uncertainty around the world have changed the complete landscape of the tourism sector. To attract tourists, it is necessary to revise the content strategy of Destination Marketing Organizations (DMOs) in the post-Covi...(Read Full Abstract)
The highly contagious nature of the novel Coronavirus locks -unlocks and economic uncertainty around the world have changed the complete landscape of the tourism sector. To attract tourists, it is necessary to revise the content strategy of Destination Marketing Organizations (DMOs) in the post-Covid economy. This study explores how different characteristics of DMO's social media posts influence tourists' online engagement. We used 876 posts from July 2021 to June 2022 on the official Facebook handle of Incredible India, through which we assessed the tourists' 'engagement', using the number of likes, comments, and shares. Additionally, linguistic features -based categorization of posts was done using LIWC. The results demonstrate that message format, message appeal, motives, and time orientation of posts significantly influence the tourists' online engagement. These findings are relevant to information dissemination and provide valuable insights for DMOs. DMOs could use this study to design their future messages to gather maximum engagement through social media posts.
Examining the failure of gamification in implementing innovation from the perspective of problematization in the retail sectors of emerging economies
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Authors: Behl, Abhishek; Jayawardena, Nirma; Bhardwaj, Shikha; Pereira, Vijay; del Giudice, Manlio; Zhang, Justin
Year: 2024 | IIM Sambalpur
Source: Technovation DOI: 10.1016/j.technovation.2023.102902
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Gamification is a strategy, methodology, or activity that has picked up pace over time and has been successfully deployed in organizations. Despite massive efforts to capture the success of the deployment of gamification in implementing innovation, its failure in this regard has hitherto been ignore...(Read Full Abstract)
Gamification is a strategy, methodology, or activity that has picked up pace over time and has been successfully deployed in organizations. Despite massive efforts to capture the success of the deployment of gamification in implementing innovation, its failure in this regard has hitherto been ignored. Until recently, it has been difficult to understand such failure from a contributing factor perspective. In bridging this gap, we conducted our study through the lens of problematization and social cognitive theory. We drew qualitative data from the field by recording the experiences and observations of stakeholders involved in attempting and failing to implement gamified projects in the retail industry. Our qualitative analysis was aimed at developing a signposting suited to help firms answer the fundamental question of Why does gamification fail as an innovation strategy? Our results highlighted four main factors that lead to the failure of gamified projects: a) self-efficacy, b) immersive dynamics, c) the personalization privacy paradox, and d) disengagement. Our study offers a conceptual framework suited to act as a guidebook for firms and consultants who wish to implement various gamified solutions at various stages. Further, we discuss the implications of our findings and propose future research perspectives.
From aid to resilience: Assessing the impact of climate finance on energy vulnerability in developing countries
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Authors: Njangang, Henri; Padhan, Hemachandra; Tiwari, Aviral Kumar
Year: 2024 | IIM Sambalpur
Source: Energy Economics DOI: 10.1016/j.eneco.2024.107595
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Climate change is a major threat, and tackling it requires massive investment in sustainable practices and technologies. This paper explores the impact of the Global Climate Finance Fund (CF), including the Adaptation Finance Fund (AF) and Mitigation Finance Fund (MF), on energy vulnerability from 2...(Read Full Abstract)
Climate change is a major threat, and tackling it requires massive investment in sustainable practices and technologies. This paper explores the impact of the Global Climate Finance Fund (CF), including the Adaptation Finance Fund (AF) and Mitigation Finance Fund (MF), on energy vulnerability from 2000 to 2019 in a panel of 74 developing countries. Estimation using the Ordinary Least Squares (OLS) method showed that the CF significantly reduces energy vulnerability in developing countries. Furthermore, these results show that the MF has a greater reduction effect on energy vulnerability than the AF. To deal with the omitted variables bias and reverse causality, we applied the Oster (2019) stability test, and the Instrumental Variable Generalized Method of Moments (IV-GMM). The results confirm previous findings that climate finance reduces energy vulnerability, with mitigation finance having a larger effect. These results remained robust to the introduction of additional controls, to the exclusion of outliers, and to the use of alternative climate finance measures. Instrumenting climate finance by the share of important votes at the UN General Assembly and using three different instrumental estimation techniques, such as the Instrumental Variable Two-Stage Least Squares (IV-2SLS), Lewbel (2012), and Kiviet (2020), does not change our results. Finally, an asymmetry analysis through the application of the Canay (2011) quantile regression demonstrated that climate finance reduces energy vulnerability only for countries with a medium and high level of energy vulnerability. Based on these results, policy recommendations have been formulated.
Government efficiency, green technology, and ecological footprint: Strategic framework for natural resource management efficiency targets
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Authors: Wang, Erhong; Padhan, Hemachandra; Pruseth, Sujit Kumar; Ma, Junwei
Year: 2024 | IIM Sambalpur
Source: Resources Policy DOI: 10.1016/j.resourpol.2024.104826
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This study examines the roles of government efficiency and green technology in the ecological footprint of Brazil, Russia, India, China, and South Africa ' s (BRICS) economies from 2002 to 2016. The paper considers the Panelcorrected Standard Errors (PCSEs) and the Dynamic Generalised Method of Mome...(Read Full Abstract)
This study examines the roles of government efficiency and green technology in the ecological footprint of Brazil, Russia, India, China, and South Africa ' s (BRICS) economies from 2002 to 2016. The paper considers the Panelcorrected Standard Errors (PCSEs) and the Dynamic Generalised Method of Moments (GMM) estimations to empirically validate the hypothesis. The findings from different estimation techniques indicate that government efficiency reduces the ecological footprint. However, green technology raises the ecological footprint. Other indicators, such as the institutions ' voice of accountability, control of corruption, and regulatory policy, do not significantly affect the ecological footprint. Therefore, the governments of the BRICS economies should encourage government efficiency by substituting cleaner energy and hydrogen economies in natural resources to achieve a net -zero emissions target by 2050.
Halal B2B marketing in the metaverse: crafting a conceptual framework to pinpoint opportunities and challenges, outlining the agenda for future research
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Authors: Hindolia, Anand; Arya, Jyoti; Pathak, Raghuvar; Kazmi, Azhar
Year: 2024 | IIM Sambalpur
Source: Journal of Islamic Marketing DOI: 10.1108/JIMA-02-2024-0054
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PurposeThe study aims to explore the theoretical framework of Halal B2B marketing in the metaverse, develop a conceptual framework for future research, identify challenges and opportunities, including technological, cultural and compliance aspects, and provide insights for the effective integration ...(Read Full Abstract)
PurposeThe study aims to explore the theoretical framework of Halal B2B marketing in the metaverse, develop a conceptual framework for future research, identify challenges and opportunities, including technological, cultural and compliance aspects, and provide insights for the effective integration of the metaverse into Halal B2B marketing practices.Design/methodology/approachThe research employs a comprehensive literature review, examining works on halal marketing, Islamic business ethics and technology adoption in Islamic markets. The study also identifies key stakeholders in Halal B2B marketing within the metaverse, such as Halal businesses, Muslim buyers, technology developers, regulatory bodies and others, and discusses their unique challenges and contributions.FindingsThe study presents a conceptual framework depicting the interaction among various stakeholders in Halal B2B marketing within the metaverse. It identifies opportunities such as enhanced customer engagement, global market expansion and innovative branding, and discusses challenges including technological disparities, cultural sensitivities and Halal compliance.Research limitations/implicationsThe conceptual framework delineated in this paper succinctly outlines the potential challenges confronted by diverse stakeholders in building the digital Halal market ecosystem within the metaverse. These frameworks augment the understanding of the metaverse as an evolving digital technology for brands operating within this digital space. This contributes to both theoretical and practical insights into the integration of the metaverse into business operations. While the metaverse holds promise for immersive and interconnected digital experiences, it also comes with several limitations and challenges that need to be taken into account.Practical implicationsThe research introduces a framework that elucidates the professional relationships among key entities: Halal B2B brands aiming to enter the metaverse for brand promotion, buyers seeking business opportunities within the metaverse, and technology developers responsible for establishing the required infrastructure. This framework offers a succinct portrayal of the stakeholders' positions, delves into potential opportunities within the metaverse, and scrutinises the inherent challenges associated with these possibilities.Social implicationsThe metaverse empowers Halal enterprises to provide tailor-made experiences that resonate with the preferences of Muslim consumers. It offers scope for personalised marketing, emphasising its potential as a pivotal element in the triumph of Halal B2B marketing within the metaverse. In the realm of Halal marketing, cultural and ethical alignment holds paramount importance. The metaverse provides opportunities for devising marketing approaches that are attuned to Islamic cultural and ethical values.Originality/valueThe study results in several recommendations that could help Halal B2B brands effectively leverage the metaverse's potential and cater to Muslim consumers' needs innovatively. These are: (a) Invest in Metaverse Infrastructure by partnering with technology developers or invest in virtual spaces tailored to Halal products; (b) Tailor Marketing Experiences through creating immersive experiences aligned with Muslim consumers' preferences; (c) Ensure Cultural and Ethical Alignment by consulting religious scholars to ensure marketing respects Islamic values; (d) Foster Business Opportunities by facilitating virtual trade shows and marketplaces for Halal products; (e) Educate Stakeholders by organising workshops to introduce the metaverse's potential benefits; (f) Address Challenges Proactively by tackling privacy, accessibility and regulatory issues head-on; (g) Collaborate with Industry Partners and work with other Halal brands and tech partners to drive innovation.
How productive is liquid waste management practices in Indian informal micro, small and medium enterprises?
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Authors: Posti, Lokesh; Bhamoriya, Vaibhav; Kumar, Rahul; Khare, Rajan
Year: 2024 | IIM Sambalpur
Source: Management of Environmental Quality DOI: 10.1108/MEQ-03-2023-0093
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Purpose Waste management is a crucial aspect of sustainable development, but is it economically sustainable for marginalized informal firms? The study tries to answer this question by revisiting the Porter-Wagner dilemma about the association between environmental management (EM) and firm performanc...(Read Full Abstract)
Purpose Waste management is a crucial aspect of sustainable development, but is it economically sustainable for marginalized informal firms? The study tries to answer this question by revisiting the Porter-Wagner dilemma about the association between environmental management (EM) and firm performance (FP). The study looks into the various liquid waste management practices (LWMPs) adopted by them and the overall impact of LWMPs on firms' economic performance.Design/methodology/approach The study uses the latest available cross-sectional data source on Indian informal firms by the National Sample Survey Office (NSSO), 73rd survey round 2015-16. First, ordered logistic regression was used to analyse the factors that impact a firm's adoption of a particular LWMP. Subsequently, to capture the heterogeneity among the firms based on productivity and size, a quantile regression (QR) was employed to analyse the impact of LWMPs on firm productivity. Additionally, the propensity score matching technique was used to address endogeneity concerns.Findings The authors find that bigger, urban-located and female-owned firms adopt cleaner LWMPs that positively impact their economic performance. Furthermore, the QR analysis observed that the most productive firms could extract higher returns from adopting cleaner LWMPs, indicating the relevance of the Porter-Wagner dilemma, i.e. environmental and economic sustainability are possibly symbiotic, thus having a feedback mechanism.Originality/value To the authors' limited knowledge, this is the first study analysing the relationship between EM and FP among the informal sector firms, which are away from any regulations or obligations. Since sustainability is a two-way process, policies should be devised that incentivise sustainable business practices.