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Rural Development in Haryana: Problems, Prospects and Measures for Sustainable Development
Rural development has assumed global attention especially among the developing nations. It has great significance for a country like India where majority of the population live in rural areas.The present study is conducted with an aim to highlight the problems and prospects in the sustainable rural development in Haryana. For the purposes, the study used a mixed method approach for investigation. It included review of secondary data sources like earlier research work, published and unpublished government documents such as Five year plans, various reports etc. To bring more clarity on the research area researcher contacted the locals residents of rural areas, government offices & NGOs and other stakeholders associated in rural development activities in the Haryana. The result of the research depicted that number of schemes &programs were started in Haryana for the development of rural area. But, even after introducing various ways of good measures to improve the living standard of rural inhabitants; the success is not achieved due to poor administration and poor coordinated governance. On the basis of the study several recommendations were also forwarded; if strictly adhere ta may lead to drastic improvement in the rural development
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Does CEO duality give more influence over executive pay to the majority or minority shareholder? (A survey of Brazil)
In: Corporate governance: international journal of business in society, Band 16, Heft 1, S. 96-115
ISSN: 1758-6054
PurposeThe purpose of this paper is to focus on comparing the influence of majority and minority shareholders on executive compensation under conditions of CEO duality, examining majority and minority shareholder influences by measuring their investment and return activity. The paper seeks to uncover how CEO duality changes the impact the two categories of shareholders have on executive compensation, especially in an emerging nation.Design/methodology/approachIn total, 30 corporations out of the 70 corporations listed on the BM&F Bovespa (a Brazilian stock market) were used for the paper. Quarterly data were collected on the companies from the Datastream database. The paper conducted a moderated regression analysis on the data to determine the conditional effects of majority and minority holders' investment and returns on executive compensation.FindingsThere are incentives for executives meeting majority shareholder objectives, but minority shareholders' influences act as a disincentive for executives. Only the influence of blockholders by their returns is affected by the separation of the roles of CEO and Chairman. The effect is such that firms with a separation of the roles have their executives rewarded in line with increments to the returns made to blockholders, but firms that have the roles merged pay a high wage that is inconsistent with managerial performance. Finally, the majority of variation in executive pay levels can be attributed to individual company traits.Research limitations/implicationsThe paper's sample is biased to firm which had publicly available data on the total compensation payable to their top executives.Practical implicationsAdvocates of minority shareholder rights may need to exercise patience with the implementation of more formalised governance structure, as they are not providing protection for minority shareholders within the period studied.Originality/valueThe paper provides empirical evidence within the Brazilian context of minority shareholder effects on executive compensation and the effect of CEO duality on the relationship.
Gold, crude oil, bitcoin and Indian stock market: recent confirmation from nonlinear ARDL analysis
In: Journal of economic studies, Band 50, Heft 4, S. 734-751
ISSN: 1758-7387
PurposeThis paper investigates the causality among gold prices, crude oil prices, bitcoin and stock prices by using daily data from January 2014 to December 2021. The study also examines the data during the COVID-19 outbreak from January 2020 to December 2021.Design/methodology/approachTo estimate the long- and short-run causality, this study considers the nonlinear autoregressive distributed lag (NARDL) cointegration test.FindingsThe analysis found the existence of an asymmetric long-run cointegration among selected assets. Findings indicate that positive changes in bitcoin do not affect stock market in the long term. Changes in crude oil prices have a significant impact on stock prices. Moreover, it is observed that variations in the stock prices trigger a negative impact on gold prices. During the COVID-19 period, the study notices the presence of an asymmetric long-term cointegration between selected assets except bitcoin. Besides, findings revealed that negative price adjustments in gold lead to significant positive shocks in stock market.Originality/valueThese results provide critical information for policy performers and researchers to develop new strategies. Policy regulators can also consider the potential effects of the COVID-19 outbreak while developing strategies for investment decisions.
Volatility spillover among prices of crude oil, natural gas, exchange rate, gold, and stock market: Fresh evidence from exponential generalized autoregressive conditional heteroscedastic model analysis
In: Journal of public affairs, Band 22, Heft 4
ISSN: 1479-1854
In the era of financial integration, the study of volatility spillover can offer valuable insights. For portfolio investment and risk management, it is important to analyze volatility spillover from one market to another market. This study investigates the volatility spillover among the prices of natural gas (NG), crude oil (CO), exchange rate (EX), gold (GD), and stock market (SM) in the Indian context. We apply the exponential generalized autoregressive conditional heteroscedastic model to explore the volatility linkages among the variables mentioned above. This study contributes to the body of knowledge in the following ways. First, we consider the daily data from January 1997 to December 2019, so that the study can portray a detailed trend about the selected variables. Second, the findings of the study can be helpful for more than a few stakeholders including policymakers. Outcomes show that the volatility of the energy commodities does not affect SM volatility. However, EX has a highly significant impact on SM volatility. Only EX significantly affects GD volatility, rest of the variables do not have any impact on GD volatility. Furthermore, CO and EX volatility do not affect NG volatility rather it is affected by SM and GD price volatility. Several stakeholders of the Indian SM like academicians, policymakers, and investors can take insights from our results.
Evaluating the relationship between the course experience questionnaire and student satisfaction: A case from India
In: Journal of public affairs, Band 22, Heft 3
ISSN: 1479-1854
Appraising and improving the quality of teaching is a central issue all over the world. Using the Course Experience Questionnaire (CEQ), the current study examined the relationship between teaching quality dimensions and student satisfaction. The study evaluates the post‐graduate students' perception of teaching quality and its relation with overall student satisfaction in context to state public universities of Punjab, India. Data were collected from 348 post‐graduate in management students. Confirmatory factor analysis was applied to evaluate the measurement model, and a further Structured Equation Model was applied to test the proposed research hypotheses. The results reveal that clear goals and standards, generic skills, and appropriate assessment have a direct impact on the overall student satisfaction, whereas appropriate workload and good teaching skills have an indirect effect on the overall satisfaction. The female structural model replicated the findings of the overall model and showed that generic skills and clear goals are more important in student satisfaction. In contrast, the male structural model was quite different; only appropriate assessment has a direct impact on student satisfaction. Several implications for the improvement of post‐graduate management teaching quality and quality assurance in terms of lecture delivery and course planning in‐state public universities of India were further discussed.