Indian Companies Research Articles

Diversity-oriented leadership (DOL) as a predictor of employee advocacy (EA) in select fortune Indian companies: mediating effects of symmetrical internal communication (SIC) and work engagement (WE)

Diversity-oriented leadership (DOL) as a predictor of employee advocacy (EA) in select fortune Indian companies: mediating effects of symmetrical internal communication (SIC) and work engagement (WE)

The Implementation of Sustainable Development Goal 13 in “BRICS” Countries” a Scoping Review

The essence of the 2030 Agenda for Sustainable Development, ratified by all member states of the United Nations in 2015, is encapsulated in the 17 Sustainable Development Goals (SDGs). The present study examines the progress made in achieving UN Sustainable Development Goal (SDG) 13 within the context of Brazil, Russia, India, China, and South Africa (BRICS), employing a business and economic perspective. The research methodology employed encompassing a comprehensive review of pertinent literature as well as a meticulous analysis of relevant documentary content. Findings from the study revealed that though businesses in BRICS countries are trying to adopt the United Nations sustainable development goal 13, But there is limited effort in Brazil in the implementation of sustainable development goal 13. In Russia most companies are committed to the implementation of united nations sustainable development goal 13, but this has been constrained by sanction and the war in Ukraine. In addition, Indian companies are fulfilling their corporate social responsibilities viewed through the United Nations sustainable development goal 13. The effort on the part of Chinese companies and the government of China in implementing the United Nations sustainable development goal 13 is commendable as various corporate social responsibility programs and public education have been implemented. In the same vein South African companies have also been seen as very active in the implementation the United Nations sustainable development goal (SDG) 13 by having very important policies built around the goal. Recommendation state that it is imperative that climate change be duly addressed within the overarching vision and objectives of the BRICS businesses as well and there should be a multi-tiered collaboration among BRICS countries to expedite the realisation of the sustainable development goals 13. Equally important harmonisation between governmental bodies, non-governmental organisations, and conscientious corporate entities can be instrumental in attaining superior outcomes regarding the sustainable development goal (SDG) 13. Future studies should include and examine more companies and additional countries in terms of overall plans for achieving the United Nations Sustainable Development Goal 13.

Board composition, ownership structure and dividend policy: Evidence from NSE listed companies in India

Purpose The purpose of the study is to analyse the influence of board composition and ownership structure on the dividend pay-out policy of selected listed Indian companies. Design/methodology/approach The top 30 companies listed on National Stock Exchange were examined for a period of three financial years from 2019 to 2021. Due to the cross-sectional and time-series character of the data, fixed effect panel model is used as the primary analytical approach. Findings The results revealed that there is a significant and positive association between board size and dividend policy. The results confirm that the firms with higher Indian ownership and non-institutional ownership distribute higher levels of dividend. No significant association was found between board independence and dividend decisions of ratios. Finally, it is observed that there is a positive impact of return on assets on dividend policy. Research limitations/implications Future studies can confirm the impact of ownership determinants and board characteristics on dividend distribution policy by taking stock dividends into account and enlarging the sample size of developing market businesses. They can also investigate ownership factors including management ownership and international ownership, in addition to other board attributes like qualification, tenure and age. This will offer a more thorough comprehension of how these variables relate to dividend policy. Practical implications Because they are better able to assess the financial position and make educated judgments, a diverse and independent board of directors may result in more strategic and cautious dividend policies. The dividend policy of a firm is also influenced by its ownership structure and strategic objectives; small or primary shareholders may exert pressure for larger payments. By focusing on long-term strategic goals rather than immediate requirements, managers may guarantee that interests are aligned. The findings of this study offer significant guidance to management and regulators about the dividend policy of publicly listed corporations. Social implications According to agency theory, the link between ownership structure, board composition and dividend policy may be explained by agency conflicts. Independent directors are necessary for the board to make decisions that effectively balance the interests of management and shareholders, particularly when it comes to paying dividends. According to studies, companies with non-executive directors have greater interest alignment and fewer agency issues. In addition, the ownership structure and makeup of the board are important factors in lowering agency conflicts and enhancing corporate governance procedures. Companies may improve their governance procedures and increase value for shareholders by resolving conflicts of interest. Originality/value The research paper contributes to the existing body of knowledge by analysing and uncovering significant and unknown relationship between board composition, ownership structure and dividend policy. The paper explores the relationship between specific ownership structures and dividend policy in context of a developing country where limited research exists and addresses a research question that has not been extensively studied before.

Excellence or perfection: Examining work performance mediated through employee engagement in India

The model of excellencism and perfectionism (MEP) theorizes that the attitude toward goals as characterized in excellencism is desirable over perfectionism. Using the self-determination theory (SDT), this study aims to investigate the varying effects of perfectionism and excellencism on work engagement and performance. The study used a time-lagged multi-phase, multi-source, and cross-sectional online survey to collect responses from 360 corporate employees of Indian companies in the services industry. The results indicate that while both perfectionism and excellencism entail pursuing high standards, they relate differently with performance and work engagement. Interestingly, excellencism and work engagement were significantly associated with performance (p < .001); however, perfectionism was insignificant (p = .989). Perfectionism strengthens work engagement (β = 0.112; p = .013), while excellencism has an insignificant effect (β = 0.035; p = .537). Work engagement fully mediates the perfectionism-performance relationship. This demonstrates that striving for excellence alone is sufficient to achieve positive performance, challenging the traditional belief that one must focus on perfection. Furthermore, perfectionism is positively associated with performance only when employees are engaged and have positive motivation toward work.

Green Bonds as A New Investment Tool For Sustainable Development In India

The present paper conceptualizes the meaning, need and importance of green bonds as an initiative towards investment tool and sustainable development in India. A green bond is a type of investment that provides financial support for particular projects related to sustainability issue of climate change and control. Indian Companies have incorporated investment in green bonds as a part of climate finance strategy. The ICMA issued principles of green bonds investment and voluntary process guidelines for issuing green bonds in 2021. The four principles are: use of proceeds, process for project evaluation and selection, management of proceeds and reporting. The SEBI has issued several rules for green bonds securities in India including disclosure requirements, monitoring and third-party review. The private bank of India i.e. Yes bank was the first issuer of green bonds in India in the year 2015. Indian green bond issuance has grasped a total of $21 billion as on February 2023. The scenario of green bond market in India for the year 2021 shows that the Utilities sector has more share of green bonds followed by corporates, Renewable Energy sector and Financials. The least share is with local government in India.

Moderating role of gender diversity in the relationship between intellectual capital efficiency and corporate performance

PurposeIn today’s knowledge-based economy, companies are hugely driven by intangible resources such as intellectual capital. However, whether corporate governance of a company drives intellectual capital is less explored in emerging economies. We examine the impact of intellectual capital efficiency on firm performance for Indian firms, considering the moderating role of board gender diversity.Design/methodology/approachWe have created a framework for panel data analysis and conducted estimation using the dynamic panel data model to control for endogeneity and heteroskedasticity issues. We use alternate performance and gender diversity measures for our sample of top 500 listed companies for a period of six years, that is 2015–2020.FindingsThe results demonstrate a significant positive association between intellectual capital and performance. However, moderating impact of gender diversity on the relationship between intellectual capital and performance is not significant.Practical implicationsThe findings indicate that IC plays a crucial role in a company’s performance, which may boost economic growth. Further, the findings reveal that despite the mandatory quota for women on boards in Indian companies, their impact on IC is subliminal. It may be because the critical mass is yet to be achieved, which should be considered by policy-makers while framing policies in this area.Originality/valueOur study is one of the foremost studies to consider the impact of mandatory gender quotas while examining the association between tangible and intangible firm performance. It makes an incremental contribution to literature to enrich our understanding on the influence of gender diversity on intellectual capital-performance linkages.

Regulating Dominant Platforms: Challenges and Opportunities of Content Moderation on Jio Platforms

Abstract Indian multinational technology company, Jio Platforms with an active subscriber base of 467.6 million (February 2024, Telecom Regulatory Authority of India data) continues to lead the market in India. Digitisation has transformed India’s governance model as deep penetration of telecom and the internet in India has laid the foundation for a digital economy. This article examines the role of self-regulation mechanisms and censorship in India’s dominant platform company Jio Platforms which contributes significantly to changing the paradigm of digital governance, thereby making services seamless, and easily accessible and improving the ease of living and doing business. Facebook’s investment in Jio for a 9.99 percent stake makes it the largest investment for a minority stake by a tech company anywhere in the world. With Jio Platforms and Facebook parent Meta Platforms rolling out a grocery delivery app using Meta’s WhatsApp messaging service, the transnational ties are deepening and expanding, making it imperative to examine the role of self-regulation and censorship in a market that is open, diverse and the largest in a democratic governance structure. This article will examine the key concerns of data sharing and privacy, especially when the central plank of government policy is digitisation. With stricter government regulations for foreign players in the market, there is a distinct focus of the government on boosting Indian companies to capture and control the market. Data collated by the Telecom Regulatory Authority of India (TRAI) show India’s overall internet user base grew to around 936.16 million in 2023. Such a diverse and vibrant open market calls for effective regulations and restrictions on privacy, algorithms, deceptive practices, antitrust, financing, and governance. This article aims to investigate the challenges of regulating dominant platforms. It delves deep into understanding and analysing the challenges and opportunities that evolve in regulating Jio Platforms. The study will also inquire whether favourable government policies and national legislation boost the processes of digitisation and whether there is a need for a new regulatory framework laid by the government for platforms to abide by. India has an open market dominated by US multinational firms, such as Facebook, YouTube, and Twitter. Content removal and other online censorship efforts are topics of heated debate, in academia and policy circles. This makes it arduous to ensure that data protection and privacy are safeguarded, particularly by dominant platforms such as Jio Platforms which is almost monopolising the Indian market.

Analysis of Investment in Equity: Value or Growth Investing?

Mr. TVK Vivek Kumar, Managing Partner at Bestpals Research and Advisory LLP, was searching for investment opportunities during the lockdown period following COVID-19. The stock markets witnessed a crash and most stocks were trading at decade-low prices. Mr. Kumar identified this as an opportunity for investment and wealth creation. He started scanning the stocks related to different sectors like Retail, Fast Moving Consumer Goods, E-commerce, and soon discovered the agricultural equipment and machinery sector stocks may offer attractive opportunities. He collected data related to the agricultural machinery sector and details of Indian companies operating in the Agricultural Machinery and Farm equipment sector. After reviewing the company profiles, he concluded that Escorts Ltd. and VST Tillers Tractors Ltd. were less diversified companies that mostly focused on manufacturing agricultural equipment. Upon analyzing the financial performance of the two companies, he was unable to decide which of these two companies for investments had the potential to deliver better returns. The goal was to identify Value or Growth stocks for a short-term investment horizon of 12–18 months, as he had no idea what the long-term outlook might be in the post-COVID-19 era.

Unlocking the relationship between board of directors’ attributes and international diversification in Indian firms

PurposeThe study aims to investigate the relationship between certain key attributes of the board of directors as their international experience, tenure, age, independence and size and internationalization strategies of firms in an emerging economy.Design/methodology/approachThe study uses random effects panel Tobit regression on a data set of 418 Indian companies spanning over a time frame of nine years from fiscal year (F.Y.) 2009–2010 to F.Y. 2017–2018.FindingsBoard members substantially associate with internationalization choices of emerging economy firms. Specifically, board members with extensive international experience, shorter tenure, higher age, greater independence and larger board size are associated with high level of internationalization in these firms.Research limitations/implicationsThe study advocates that Indian companies should focus on recruiting board members with international experience, periodically refreshing their boards, valuing wisdom and experience, adhering to regulatory requirements of independent directors and increase the number of board members to expand internationally. By following this, Indian companies can successfully expand into international markets.Originality/valueThe study’s originality lies in its focus on the role of board members in the internationalization strategy of emerging economy firms, which remains an under-researched area.

ESG performance and corporate volatility: an empirical exploration in an emerging economy

PurposeThis study aims to investigate into the dynamic connection between ESG scores and the volatility term structure for Indian companies listed BSE. The study divides the BSE-100 listed companies into two panels based on their median ESG scores in 2022, creating high and low ESG scoring groups to capture volatility structure.Design/methodology/approachThe study employs time-varying symmetric and asymmetric GARCH models and followed by continuous Wavelet to capture volatility structure and explore comparative resilience behavior.FindingsThe study found similar volatility patterns regardless of ESG scores, nudging doubt on the direct impact of ESG on volatility. Additionally, both high- and low-ESG-scored companies displayed high vulnerabilities during the pandemic, raising questions about the effectiveness of ESG frameworks in capturing risks. Finally, by examining the resilience behavior of ESG-scored companies during the pandemic, our study contributes to the evolving understanding of the intersection between ESG performance and crisis response.Practical implicationsThe study carries vital implications for investors and policymakers. It highlights the urgent need to strengthen the ESG framework and scores to shield investors from short- and long-term volatilities and economic vulnerabilities.Originality/valueTo the best of the authors’ knowledge, this is the first study investigating the Indian market by examining the volatility structure and resilience behavior of high- and low-ESG-scored companies during the pandemic.Peer reviewThe peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-02-2024-0113

Impact Of Training On Employee Productivity And Performance: A Case Study Of Indian BPO Industry

Purpose: The purpose behind the research is to comprehend the impact of training for the enhancement of productivity and performance of the employees in the Indian BPO Industry. This research paper also focuses that training has a positive impact; not only for an individual employee but it also leads to achieving organizational goals in an effective manner. Research Methodology: Both primary and secondary data have been poised for the existing study. Data from primary sources was collected through questionnaires and personal interviews with industry leaders. Random samples of 5 Indian BPO companies operating in Delhi NCR were selected and a survey was conducted targeting 20 employees from each organization. The research was also carried out on secondary sources like newspapers, business journals, periodicals, magazines, etc. Histograms and pie charts are used for empirical analysis and interpretation of data. Managerial Implications: Academicians, researchers, management students, training managers and employees etc. will be able to understand the impact of training on employee productivity and performance with special reference to the Indian BPO Industry.Findings: Findings of this research study shows the positive impact of training on employee productivity and performance in the Indian BPO Industry. That is a clear identification of the fact that training results in high level of employee productivity and performance which further leads to achieving organizational growth.Scope for Further Research: The similar kind of framework can be applied to any other industry.

An Overview of Pharmaceutical Company in India

An Overview of Pharmaceutical Company in India

Analyzing the Impact of Government Policy Measures on the Return on Equity

The assessment of a company’s Return on Equity (ROE) is a challenging task for management. The main objective of this paper is to analyse the impact of government initiatives on the ROE of listed companies in India. The Indian government has taken many policy initiatives in the last decade to boost the infrastructure sector in the country. Therefore, it is worthwhile to evaluate how these policy initiatives have impacted the ROE of companies belonging to the infrastructure sector. 43 companies are selected for the purpose of the study. Both quantitative and qualitative methods are used for data analysis. Historical financial data from 2008 to 2023 is analysed using the DuPont model. Eleven industry experts, selected on the basis of their managerial experience in the infrastructure sector are interviewed and their opinions are coded using NVivo. The study finds that 67.4% of the variation in ROE is explained by three variables, namely asset turnover, financial leverage and operating profit margin. According to the industry experts, asset turnover and operating profit have a greater impact on ROE. The results of the study validate the accountability theory and are useful for policy makers and management of companies in the infrastructure sector in particular and other stakeholders in general who are interested in the relationship between government initiatives and their impact on the company’s ROE.

Corporate social responsibility, the United Nations’ Sustainable Development Goals and financial performance, with implications for human resource development

Purpose India is one of the fastest developing economies, but it faces numerous socioeconomic problems, such as hunger, poverty, under- and unemployment, gender inequity and illiteracy. Corporate social responsibility (CSR) funding at the corporate level could tackle these socioeconomic problems, providing support to the nation’s overall development. Mandated CSR expenditures, in alignment with the achievement of the sustainable development goals (SDGs) of the United Nations, would support the nation’s contributions to building a sustainable future. Several questions, however, remain. Thus, this study aims to explore relationships between a company’s gross and net profits and its expenditures for CSR; and mapped the specific CSR activities used to address each of the 17 UN SDGs and then draw implications for human resource development (HRD). Design/methodology/approach The data were gathered from published annual reports (2019–23) of 60 Fortune 500 Indian companies. A zero-order correlation was used to find the relationship between CSR expenditure and gross, as well as net, profits. Furthermore, the CSR activities of the sample were mapped with the UN SDGs. Findings There was a positive, moderate to strong correlation between CSR expenditures and gross profit (r = 0.82, p < 0.01), but for net profit, the correlation was strong (r = 0.85, p < 0.01). All CSR activities mapped to at least one of the SDGs. Originality/value The alignment of CSR activities and SDGs based on Fortune 500 Indian companies has not yet been explored. Also, no study to date discusses the gaps in the CSR expenditures for specific UN SDGs.

Harmony of profit and planet: A study on ESG practices of Indian companies

Harmony of profit and planet: A study on ESG practices of Indian companies

Human resource disclosure level of Indian companies

Human resource disclosure level of Indian companies

Integrated reporting and firm performance: An Analysis of selected Indian Companies

Integrated reporting and firm performance: An Analysis of selected Indian Companies

MARKETING PERFORMANCE OF GREEN PRODUCT MANUFACTURING COMPANY – A STUDY

BJCL is a pioneer jute manufacturing company in India. Jute is a natural product and has important economic value as a green manufacturing area. Various types of jute goods like jute yarn, twine, packaging bags, fine quality fabrics, carpet backing clothes are the important green manufacturing products of such a company. Salable production and dispatched data from various months has been studied and found that domestic marketing performance of the industry is rising. The demand for various jute goods has been increasing. Demand for jute bags and clothes in the domestic market as a packaging material has been significantly improved by the industry. It is found that salable production was comparatively less in the years 2020-21 due to the pandemic years. Salable production was comparatively higher in the year 2022-23 compared to 2021-22. From June 23 to September 23, salable production was gradually increasing. It is the continual improvement of the unit. It proved that BJCL months have been improving continually over the months and years too. It is found that the total number of finished bales of 500 bags in each bale has been increased from May 23 to August 23. Increasing trends of finished bales dispatch status of sacking quality were observed. This jute products study period was from October 2020 to March2023. In the study period of May 23 to August 23, the total number of bales dispatch status was increased from 299 to 1244 for Hessian quality of jute products

Adoption of Green Marketing Strategies and Challenges in Sustainable Business Practices: Insights from Indian Companies

Adoption of Green Marketing Strategies and Challenges in Sustainable Business Practices: Insights from Indian Companies

GENDER DISPARITIES AND INEQUALITIES IN THE INDIAN IT SECTOR: A COMPREHENSIVE ANALYSIS

This research paper examines the gender status and representation in the boardrooms, management, and leadership positions, and a workforce of four major Indian IT companies: TCS, Infosys, Wipro, and HCL. The study utilizes data from the respective annual reports of the companies, focusing on the years 2018 to 2022. The results and discussion section reveal significant gender disparities and inequalities in the examined areas. In the boardrooms, women are underrepresented, with men comprising the majority of directors in all four companies. However, the chi-square test results indicate no significant evidence of gender disparity or inequality in the boardrooms. In terms of management and leadership positions, women are significantly underrepresented in all four companies. The chi-square test results confirm the presence of gender disparities and inequalities in these positions. The workforce analysis shows a substantial gender gap, with women being a minority in all four companies. The chi-square test results also reveal significant evidence of gender disparity or inequality in the workforce of these companies. The paper includes tables and figures that provide a visual representation of gender distribution and trends over the years. The representation of women in senior management positions shows some fluctuations, with TCS consistently having the highest representation. Women's representation among all employees also increases slightly over the years for most companies. Overall, the findings highlight the need for concerted efforts to address gender disparities and promote gender equality within the Indian IT sector. The study emphasizes the importance of creating inclusive and supportive environments that provide equal opportunities for women to advance and thrive in leadership positions.