South Asian Journal of Management

Attributes of Companies Making Ipos in India: Some Observations

A growing volume of literature on Initial Public Offerings (IPOs) by Indian firms has sought to explain the efficiency of pricing and the post issue performance of companies that make IPOs, in terms of institutional features of the securities market or certain features of the issuers. These studies pertain to different windows of IPO activity, starting with the establishment of the Securities and Exchange Board of India (SEBI) in 1992. However, no study so far has examined the evolution of th...

Distribution of Risk and Return: A Test of Normality in Indian Stock Market

Efficient capital market theory postulates the random walk behavior of stock market, i.e., risk and return are normally distributed. Capital asset pricing models, which assume the normality in risk and return, deal with how risky securities are valued in an efficient capital market. The present study applies a set of parametric and non-parametric tests to examine the normality of return and risk of daily, weekly, monthly and annual returns in Indian stock market. The study examines the prices...

Financial Intermediation in a Less Developed Economy: The History of the United Bank of India

Financial Intermediation in a Less Developed Economy: The History of the United Bank of India, by Indrajit Mallick and Sugata Marjit, is reviewed.

Food and Grocery Retail: Patronage Behavior of Indian Urban Consumers

India is referred to be a nation of shopkeepers with about 15 million retail outlets of all kinds. Of these, the majority are small neighborhood grocery stores called "kirana stores". Food and grocery constitute a major portion of the private consumption. This offers a large potential market for the organized retail companies to tap into. However, the high proliferation of local kirana stores with their unbeatable advantage of proximity and customer familiarity questions the success of organi...

How the Mighty Fall: And Why Some Companies Never Give In?

How the Mighty Fall: And Why Some Companies Never Give In?, by Jim Collins, is reviewed.

Lean Manufacturing: A Case Study of a Sri Lankan Manufacturing Organization

This paper presents an application of the Lean Production System in a manufacturing environment. It discusses the most important elements of lean practices through a case study, carried out in a Food processing facility in Sri Lanka, where lean system was implemented. Further it illustrates the impact of lean consumption on bottom-line results of business processes. It was found that leanness of the business process is below the expectation as its process cycle efficiency is around 12.4%. It ...

Moderating Effects of Tenure and Gender On the Relationship Between Perception of Organizational Politics and Commitment and Trust

Relationships between perceptions of political behavior and outcomes were empirically found to be ambiguous and equivocal. Few researchers have found consistent evidence of their effect on outcomes. This study proposes that employee tenure and gender moderate the relationships between Perceptions of Organizational Politics (POP) and commitment and trust. Series of regression and correlation analysis, Confirmatory Factor Analysis (CFA) and its second-order Higher Order Confirmatory Factor Anal...

Promoting Economic Cooperation in South Asia: Beyond Safta

Promoting Economic Cooperation in South Asia: Beyond SAFTA, edited by Sadiq Ahmed, Saman Kelegama, and Ejaz Ghani, is reviewed.

Strategic Human Resource Management: A Three-Stage Process Model and Its Influencing Factors

Strategic Human Resource Management (SHRM) has captured considerable attention in research and the practitioner world. Research in SHRM has primarily focussed on the link between Human Resource Management (HRM) systems and organizational performance. The development of theoretical perspectives and proper frameworks for the mediating processes linking HRM systems and organizational performance have not got adequate attention in this literature. In this paper, a three-stage model for the proces...

When Work Intersects Family: A Qualitative Exploration of the Experiences of Dual Earner Couples in India

Achieving good balance between work and family commitments is a growing concern for contemporary employees and organizations with mounting evidence linking work-family conflict to reduced health and well-being. As India continues to grow as a global economic power, issues concerning work-family conflict become particularly important. Extant research in this field has occurred primarily in western countries using quantitative methods and individual data. The objective of the present study is t...