JTMGE Vol. 15 No. 1 (April 2024)

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https://demodspace.chitkara.edu.in/handle/123456789/337

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    Risk and Return Relationship: A Study of BSE Sensex Stocks in Indian Stock Market
    (Chitkara University Publications, 2024-04-10) Nitika Sharma; Kshitij Bhargava; Dixit Sunail
    Background: The present study is based on risk and return analysis of BSE Sensex stocks, which is the index of the Bombay Stock Exchange, and is based on the secondary data from the past 5 years. The Sensex index is the Bombay Stock Exchange of India’s benchmark that is broadly based on the stock market index of the Indian equity market. Purpose: The main objective of the study was to investigate the risk and return of the stocks listed in Sensex and create a portfolio that reduces the unsystematic risk through diversification. Methods: The study used secondary data from the past 5 years to analyze the risk and return of Sensex stocks and to construct a portfolio with reduced unsystematic risk. Results: In this study it was found that the risk factor in the Sensex index was quite low and returns were quite moderate. Whereas the risk factor in the portfolio was quite low as well, the return-yielding capacity of the portfolio was high. It depends upon the investor’s risk appetite whether to invest in the Sensex index or the created portfolio. Conclusion: The study concludes that while the Sensex index offers low risk and moderate returns, a well-diversified portfolio can yield higher returns with similarly low risk. The choice between investing in the Sensex index or the portfolio depends on the investor’s risk tolerance and return preferences.
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    International Cooperation Towards Decarbonization, Originating from India – Case Analysis of Industrial Cooperation in the Semiconductor Sector between India, Japan, and Taiwan
    (Chitkara University Publications, 2024-04-10) Takashi Hattori; Yuji Tou; Chihiro Watanabe
    Background: Climate change represents a global challenge that cannot be mitigated by any single nation. Notably, CO2 emissions from the Southern Hemisphere are escalating rapidly, currently constituting two-thirds of the global total. The proactive efforts of India, which leads this group, are noteworthy. Purpose: This study aims to elucidate the impact of international cooperation on decarbonization, with a specific focus on the semiconductor industry in India, a representative nation of the Global South. The current state of collaboration between Japan, Taiwan, and India serves as an exemplar of international efforts towards decarbonization. Furthermore, the strategic significance of industrial collaboration in the semiconductor sector among Japan, India, and Taiwan, and the potential for establishing a global semiconductor supply chain oriented towards decarbonization, are examined. Method: This study employs a case study methodology to scrutinize the current status of international collaboration in the semiconductor industry among India, Japan, and Taiwan. Result: The Japanese semiconductor industry, renowned for its advanced technical capabilities, necessitates the fortification of the global supply chain and technology transfer, with collaboration with India proving advantageous. Taiwan, actively expanding its presence in India, seeks to enhance the quality and efficiency of semiconductor manufacturing and to form diverse supply chains, thereby accelerating innovation through collaboration with Japan. A synergistic relationship in the semiconductor industry is being established among India, Japan, and Taiwan. Conclusion: India possesses the potential to assume a pivotal role in the construction of a global semiconductor supply chain, with Japan and Taiwan identified as optimal partners. This collaboration is anticipated to bolster manufacturing capabilities aimed at decarbonization, contribute to international decarbonization efforts, and drive technological advancements as part of global next-generation technology management.
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    The Influence of Algorithmic Management on Employees Perceptions of Organisational Justice – A Conceptual Paper
    (Chitkara University Publications, 2024-04-10) Shefali Sharma; Priyanka Sharma; Rohit Sharma
    Background: The use of algorithms in organizations has become increasingly common, with many companies transitioning managerial control from humans to algorithms. While algorithmic management promises significantly efficiency gains, it overlooks an important factor of employees’ perception of fairness towards their workplace. Employees pay close attention to how they perceive justice in the workplace; their behavior is shaped by these perceptions. Purpose: This study aims to explore how algorithmic management systems can be designed to balance efficiency with transparency and fairness. So, to foster a sense of justice, organizations should design algorithmic systems in such a way to ensure a transparent decision-making process where employees clearly understand how decisions are made and can trust the outcomes. Method: A review of literature on algorithmic management and workplace fairness was conducted, focusing on the impact of transparent decision-making processes, equitable resource distribution, and constructive feedback mechanisms on employee trust and engagement. Results: Providing timely and constructive feedback and equal distribution of resources can foster a strong sense of fairness, making employees valued and connected to the organization. This will enhance employee trust, engagement, and overall organizational performance, as workers will be more likely to align with the company’s goals when they are treated fairly. Conclusion: Organizations should prioritize fairness and transparency in the design of algorithmic management systems. Treating employees fairly not only strengthens their connection to the organization but also aligns their efforts with its objectives.
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    Employability of Management Graduates: Emerging Perspective of Employers and Faculty Members
    (Chitkara University Publications, 2024-04-10) Swati Bansal; Khundrakpam Anjalee Devi; Deepak Bansal; Sumeet Kumar Singh
    Background: Employability is a vital factor for both the overall economic growth of a nation and the personal growth of individuals. The employability of management students is regarded as a significant challenge by all management educational institutions in the current dynamic business environment. Purpose: This research paper aims to provide insights into the significance of KSA (knowledge, skills, and abilities) in employment as perceived by “management graduates, faculty members, and employers.” These individuals are presumed to be the primary stakeholders in this process. Methods: Six hundred eighty respondents (265 management faculties, 259 management graduates, and 159 employers) were surveyed across the “National Capital Region (NCR)” Region of Delhi, India. Results: The disparity in KSA perception scores for employability between employers and students, as well as between employers and faculty members, was assessed and examined. Conclusion: A significant disparity was determined to exist among different parameters, particularly in problem-solving skills, analytical skills, and knowledge of research methods.
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    Determinants of Women’s Empowerment: an Extensive Review of Literature
    (Chitkara University Publications, 2024-04-10) Rajwinder Kaur
    Background: The present study is based solely on existing literature. A qualitative study can be conducted to delve deeper into the specific aspects studied. Incorporating additional studies could yield more comprehensive results. Purpose: Women are playing an important part in the overall growth of social system. Women’s economic and social contributions are essential for every nation’s development. Women empowerment refers to empowering or enabling women to make decisions in life and let them do what they want. Women empowerment is much more significant to any nation’s progress. Methods: The current research approach is review-based descriptive research that relies heavily on secondary sources of data. The study looked at a number of research publications on the key determinants of women empowerment. Results: An extensive past literature is reviewed in order to get final results of the study. The study came up with several determinants of women empowerment in the society. Conclusions: Women have undergone and suffered much more in the male dominated society. Women became more aware of their importance as time passed. Women’s independence arrived as a breath of fresh air because they were not permitted to make decision making for them. There are several factors which affect the empowerment of women in the society.
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    Fintech and Sustainability Driving Innovation for a Greener Future
    (Chitkara University Publications, 2024-04-10) Nitin Patwa; Rajsekhar Kar; Sneha Samuel; Roshni Paul
    Background: Numerous technological and managerial innovations have emerged in response to modern environmental concerns. In the era of digital transformation and sustainable finance, fintech has evolved as an alternative to traditional financial institutions. By leveraging advanced technologies, Fintech offers innovative solutions that align financial services with sustainability goals. Purpose: This paper aims to explore the relationship between Fintech and sustainability by analyzing various areas of collaboration between Fintech and sustainable finance. The study also examines how emerging fintech innovations—such as artificial intelligence, blockchain technology, big data and analytics, IoT (Internet of Things), and digital payments—enhance sustainability. Methods: A theoretical and descriptive approach is used in this study, relying on a comprehensive review of relevant literature, case studies, and research papers. The analysis highlights key innovations in financial technology that have the potential to support sustainability initiatives. Results: The findings indicate that fintech and sustainable finance share numerous synergies. Fintech plays a significant role in promoting green finance, enhancing transparency, and increasing financial inclusion. Technological innovations have demonstrated their potential to mobilize financial resources more effectively for sustainable development and climate change mitigation. Conclusion: Achieving sustainable development goals (SDGs) and addressing climate change challenges require accelerated financial innovation. Fintech has emerged as a critical enabler in this regard. However, fostering Fintech-driven sustainability solutions demands a deeper understanding of innovation processes, the factors influencing them, and the interplay between individual actors, organizational dynamics, and the external social environment. Encouraging and facilitating fintech innovations will be essential in making the financial sector more sustainable.