...International Business & Economics Research Journal – January/February 2014 Volume 13, Number 1 The Monthly Barometer Of The Indian Stock Market Jayen B. Patel, Adelphi University, USA ABSTRACT The January Barometer or the Other January effect suggests that January returns can predict future performance of the stock market. In this study, it is examined if any particular calendar month return can effectively be used as a monthly barometer to accurately predict future direction of the Indian stock market. The results indicate none of the calendar month returns has consistent ability to accurately predict the performance of the Indian stock market over the next twelve months. The accuracy of prediction did not substantially improve whether the predictor month had generated positive or negative returns. The results continue to remain remarkably consistent when the predictability accuracy was analyzed over time by examining the effect separately over years. The findings of this study clearly demonstrate that the Indian stock market does not possess a monthly barometer that can accurately predict future direction of the stock market. Keywords: January Barometer; Indian Stock Market; Monthly Barometer; Other January Effect INTRODUCTION A number of researchers have recently reported an intriguing phenomenon in stock returns that they refer as the January Barometer or the other January effect. According to this effect, the January returns are the barometer of the stock...
Words: 4820 - Pages: 20
...Does Facebook Have Generally Positive Psychological Effects? Does Facebook Have Generally Positive Psychological Effects? Valerie Helfman PS101 Introduction to Psychology Does Facebook have a generally positive psychological effect? Yes, Studies have shown that humans are social creatures and we like to make new connections and to communicate our opinions and to listen to others, and through regular Facebook status updates that pop up in our friends news feeds or vice a versa we are able to do this. Facebook use has become a part of millions of people’s daily routine, whether it is to update a status, reply to a message or even to read the News. Facebook has provided both positive and negative psychological effects. Negatively, Facebook has provided a site which can be used for cyberbullying along with an extreme influence on education. And because people may only post positive status, people tend to get the impression that all is well in their lives and they have no problems. And this could lead to feeling that their lives are boring and sad as and recent studies indicated as to how children and teenagers feel because of this. Facebook is also a distracting site that can make you lose track of time and distract the mind from more important matters. . . Facebook has generally provided positive psychological effects on the multiple sections of society. Positively, Facebook has revolutionized the...
Words: 1100 - Pages: 5
...Effect Of Dividends On Stock Prices 1 EFFECT OF DIVIDENDS ON STOCK PRICES Effect of Dividends on Stock Prices– A Case of Chemical and Pharmaceutical Industry of Pakistan Kanwal Iqbal Khan University of Central Punjab, Lahore Proceedings of 2nd International Conference on Business Management (ISBN: 978-969-9368-06-6) Effect Of Dividends On Stock Prices 2 Abstract In Pakistan corporate sector is adversely facing competition due to economic downturn in the world and making efforts to survive in a competitive and uncertain economic environment. This study will help to improve dividend decisions of corporate sector through proper implementation of their dividend policies. This paper is an attempt to explain the effect of dividend announcements on stock prices of chemical and pharmaceutical industry of Pakistan. A sample of twenty five companies listed at KSE-100 Index is taken from the period of 2001to 2010. Results of this study is based on Fixed and Random Effect Model which is applied on Panel data to explain the relationship between dividends and stock prices after controlling the variables like Earnings per Share, Retention Ratio and Return on Equity. Results indicate that Cash Dividend, Retention Ratio and Return on Equity has significant positive relation with stock market prices and significantly explains the variations in the stock prices of chemical and pharmaceutical sector of Pakistan while Earnings per Share and Stock Dividends have negative insignificant...
Words: 6183 - Pages: 25
...capability with current kit and intake despatch capabilities of around 60 million, with around 25% floor space vacant and available to include further investment in new lines. With a permanent highly unionised workforce of around 250 and a variable agency work force of around 100.The majority of equipment is older than 10 years and most operations are semi automated with high opportunity for full automation. With this in mind we conducted a PESTLE analysis to identify opportunities for change within the organisation (see attached) from this PESTLE we identified the following external influences on our business. These will be considered when we decide what changes internal and external are required for transformational change within our organisation. Political * Influences on our business include the conservative’s stronger control of unionisation which we considered was a positive for our organisation, ensuring that even that we have a strong union that this did not restrict...
Words: 809 - Pages: 4
...The family owned business is the backbone of the world economy. By some estimates, over 90% of all business enterprises in the United States are family-owned and 60% of all employees are in family owned businesses (Ibrahim and Elis, 1994; Colli, 2003). In the UK, approximately 76% of the largest 8,000 companies are either family owned or controlled (Gallo, 1994). Among the largest corporations in the US, approximately 30-40% are estimated to be family owned (Anderson and Reeb, 2003; Anderson, Duru and Reeb, 2009) Researchers have found similar statistics for family firms around the world (Dreux, 1990; Martinez, 1994; Owens, 1994). Therefore, a better grasp of the unique characteristics of family firms is a basis for understanding a significant part of the world’s economy several papers have been written about the unique characteristics of family businesses and their performance compared to that of non-family businesses. Most research done in the field focused on corporate governance measures, family relationships, succession, and performance indicators of family owned businesses. This research article also deals with capital structure & performance of family businesses in India. Article 1: (Kim & Gao) Does Family involvement increase business performance Family involvement in business management attracts much scholarly attention in the field of family business. This paper's main objectives are answering two questions. They are 1) how does family involvement...
Words: 7493 - Pages: 30
...background. Ayame probably comes from a very strict and tight environment and is easing into a career where everything is going to be upfront and straight forward. Management is needed in all workplaces or else there would be total disorder and the business would most likely not be a very well-run business. When it comes to management in workplace psychology that is just has important because you need to understand that in order to manage the business your psych needs to be stable in negative and positive situations. Situation in which she might be very uncomfortable is when they give feedback about bad service or such. In our culture we take the negative we receive and try to turn it into a positive but in this instance she might not know how to handle negative feedback and take it hard and put more stress on her shoulders. The pharmaceutical company has to make sure that it has strong management so it can stay afloat. Even though Ayame has a strong cultural background she needs to also realize that she is now in a culture where stuff can differ from the culture she grew up in and knows like the back of her hand. Even though management should always be strict in the workplace you cannot be too harsh because it will eventually have an effect on the workplace psychology. Once her workplace psychology is affected then it will most...
Words: 715 - Pages: 3
...similar in each. Charles Emery and Katherine Barker’s article, “The Effect of Transactional and Transformational Leadership Styles on Organizational Commitment and Job Satisfaction of Customer Contact Personnel”, assess the effect of transactional and transformational leadership styles on job satisfaction and the accountability of customer service personnel. The research suggests that some styles of management, such as transformational leadership, may be more effective in the dedication of customer service employees. Daniel Koys’ article, “The Effects of Employee Satisfaction, Organizational Citizenship Behavior, and Turnover on Organizational Effectiveness: A Unit-Level, Longitudinal Study”, addresses the issue of whether business outcomes are influenced by employee attitudes and behaviors or vice versa. In addition, the researchers concentrate on organizational citizenship as well as employee turnover. Each research study in this paper will be addressed as Article 1 and Article 2 respectively throughout this paper. Comparison of Research Questions Both of these topics examine employee outlook and job gratification in the workplace as well as the impact employees have on customer mindsets and business outcomes. In article 1, transformational leadership and its relationship with employee attitude was also questioned. These researchers further hypothesized that transformational leadership would result in a positive employee attitude and overall job satisfaction. More specifically...
Words: 3459 - Pages: 14
...the title of the presentation is Title of presentation: Social Environments and The Effects on Businesses Presentation topic : Social Environments Thesis Statement: Various research has suggested that the social environment of a business is integral aspect as to whether that business is a failure or a success because of a positive environment with positive reinforcement and teamwork which helps to inspire and encourage employees to work together and collaborate on projects. Body What is to be included in this presentation is mainly social environment aspects of a business environment that are also considered internal environment. Pujari stated (2015) "Internal environment also includes all those factors which tend to influence business and which are present within the business itself." Employees tend to be influenced by context in which they work and that can have positive and negative impacts on productivity. Most employers take the necessary steps to instill and maintain a harmonious and positive social environment in the workplace which also tends to instill future success. "Some key aspects of creating and fostering positive social environments include building trust, team spirit, teamwork, job satisfaction, customers, and leadership, specific details, explanations or descriptions of those." (2013, Janaury). Retrieved from http://www.dreamstime.com/stock-image-positive-work-environment-image27087191 Teamwork Social environment affects the workplace in...
Words: 908 - Pages: 4
... 300829096 Submitted to: Prof. Phillip Alalibo GNED 219-071 Winter 2015 1. Introduction of Topic and Clarification of Research Statement “Our research topic is - The Impact of Social Media on the workplace and our research statement states that Social Media have a significant and positive impact on the workplace.” Social media is turning into an inevitable part of our society. It serves as medium to globally link people together, regardless of their physical location. Generally, people are using social media for various reasons, such as to share information, to get in touch with their loved ones, and to look for business colleagues for collaborating in work processes. Computer literacy and web connectivity has become necessary skills for employees and also for organizations. For enhancing business operations, various corporations are progressively experimenting with the use of social media (Swartz, 2008). Today, Social media has become a tool to attract clients, balance association with business partners, to display...
Words: 2892 - Pages: 12
...smartphones have an impact on society is long over and the answer is obvious, the debate has now focused on whether the impact is more positive or negative. Though the smartphone has made communication much easier, it has also created a less social society favors communication over the phone rather face to face (Ferren). I found this research topic interesting because I am one of many people that have grown up in the age of technology. The exigence of this paper is rooted in my interest in the future communication skills my generation and the impacts that smartphones have on not only myself but those around me. The purpose of this paper is to inform an audience about the impacts of smartphones on society, the purpose is not to persuade or convince. The smartphone has become so large and so ingrained in our society it has already began to leave it’s print, the nature of that print is unraveling currently and whether it will be positive or negative is still largely up for debate. There is no argument that though smartphones have increased our availability of communication, every second spent on a phone is a second not spent observing the world and the “usage of these devices may be stealing the most valuable moments of life away” (Perlow). One of the most common arguments that support the idea that smartphones have a negative effect on society is the argument that smartphones have taken our focus away from everything from driving, to family, to our surroundings...
Words: 1292 - Pages: 6
...HR3010 Assignment 1: Literature Review What is the influence of 4 dimensions of Corporate Culture on Organizational Commitment on Organizational Commitment? Table of Content Introduction 3 Training and development 4 Teamwork 5 Employee/Organizational Communication 6 Emphasis on Reward 7 Corporate culture and organizational commitment 8 References 9 Introduction The employee attitude on organizational commitment has changed nowadays; they would no longer want to stay with a particular company for their whole working life. In the past, employees might be happy to remain in the organization where it could provide good job security. However, the competitive pressure from their competitors has made many organizations reluctant to focus on downsizing, restructuring therefore created less job security provided to employees. Many employees considered that their organization has broken the secure organizational bond and unhappiness might bring employees to tend to begin their new job search. With the idea of finding a new job, employees therefore might demotivate with their current job and underperform in the organization. It will become a huge issue for the organization to achieve their objectives as no organizations in fact, can survive in today’s competitive world unless their employees work effectively and are committed to the organization’s goals. Hence, organizations have no choice but have to consider maintaining their employees, especially...
Words: 3562 - Pages: 15
...MANAGERIAL COMMUNICATION ACTIVITY 2 TECHNOLOGY AND COMMUNICATION Submitted to:- miss pallavi Submitted by:- sahista n baxi Technology and Communication Communication is simply the act of transferring information from one place to another. communication is the activity of conveying information through the exchange of ideas, feelings, intentions, attitudes, expectations, perceptions or commands, as by speech, gestures, writings, behaviour and possibly by other means such as electromagnetic, chemical or physical phenomena. It is the meaningful exchange of information between two or more participants. Communication requires a sender, a message, a medium and a recipient, although the receiver does not have to be present or aware of the sender's intent to communicate at the time of communication; thus communication can occur across vast distances in time and space. Communication requires that the communicating parties share an area of communicative commonality. The communication process is complete once the receiver understands the sender's message. Communication is of many types some of them are non-verbal communication, verbal communication, oral communication, written communication etc. Non-verbal communication describes the process of conveying meaning in the form of non-word messages. Verbal communication takes place through the spoken words between the...
Words: 3021 - Pages: 13
...Impact of Working Capital Management on Profitability 1 IMPACT OF WORKING CAPITAL MANAGEMENT ON PROFITABILITY Impact of Working Capital Management on Profitability of Textile Sector of Pakistan Sumaira Tufail Hailey College of Commerce University of the Punjab, Lahore Sumaira_08sep@yahoo.com This paper has been presented in the organized by School of Business and Economics University of Management and Technology, Lahore, Pakistan This paper has been included in the conference proceedings with good intentions, where the conference and its organizers are not liable at all for the contents of this paper and / or any part of it. For more information about the conference please visit the conference website: http://cgr.umt.edu.pk/icobm2013/index.html or write the organizers at icobm@umt.edu.pk Proceedings of 3rd International Conference on Business Management (ISBN: 978-969-9368-07-3) Impact of Working Capital Management on Profitability 2 ABSTRACT Working capital can be considered as source of existence for a financial body and management of working capital is regarded as one of the most essential part of business management. This study aims to find out the impact of working capital policies on profitability. Return on assets is used as a measure of profitability. Current assets to total assets ratio is used to compute the investment policy of working capital management and to determine financing policy of working capital management current liabilities to total assets ratio...
Words: 11096 - Pages: 45
...The Impact of market orientation on business performance and website adoption: a study among iranian smeS Yasaman Darabi Division of Industrial Marketing and E-commerce, Tarbiat Modares University, Tehran, Iran ABSTRACT Studying the impact of market orientation on business performance has been a popular research topic in recent years. However, there seems to be a lack of empirical studies that measure market orientation in an e-commerce environment. According to previous studies market orientation is a prerequisite for a successful business operation, but actually there is not enough evidence in support of this relationship in an Iranian context and particularly about the impact of market orientation on the perception of managers toward having websites. To test these assertions, this study looks into the nature of the relationships between market orientation, company performance and website adoption using 117 website adopters and 102 non-website adopters as sample data from Iranian SMEs. Narver and Slater’s scale (MKTOR) for market orientation, Weerakoon’s Multi-Model Performance Framework (MMPF) for business performance and Technology Acceptance Model (TAM) for website adoption are tested and used. Confirmatory factor analysis was used to validate the measures in the study. Regression analysis was performed to determine whether market orientation is associated with firm’s performance and website adoption using the Partial Least Square (PLS) technique. Our findings suggest that...
Words: 5225 - Pages: 21
...The Negative and Positive Effects of Tourism Submitted by Arianne Smith DeVry University Tourism Management, Warren John Fall 2011 Abstract The current research paper covers the main effects of global tourism, both positive and negative. International tourism is a significant sector of business. For some countries it is one of the main sources of national income. The most important positive economic effects of tourism are as follows: increase in budget revenues, production expansion, stimulation of investments, and improvement in the population’s welfare. Tourism influences social and cultural lives of people in a positive way by stimulating the development and revival of local cultures and encouraging intercultural exchange. Tourism has both positive and negative effects on the environment. Among the negative effects of tourism, the most important ones are inflation, financial leakage, infrastructure costs, and economic dependence. Political issues can also arise because of tourism. The countries should be aware of the negative effects of tourism in order to avoid them. Keywords: international tourism, environment, economic effect, leakage, tourist infrastructure. Table of Contents Introduction 2 The Negative and Positive Effects of Tourism 2 Positive Effects 2 Economic effects. 2 Environmental effects. 6 Cultural effects. 6 Social effects. 8 Negative Effects of Tourism 10 Political effects. 10 Inflation. 11 Financial leakage. 12 Increase...
Words: 4934 - Pages: 20
