Role of Management Policies for Enhancing Productivity and Profitability of an Indian Engineering Organisation

2017 ◽  
Vol 2 (1) ◽  
pp. 23
Author(s):  
Prabir Kumar Mukhopadhyay ◽  
P.C. Basak
Keyword(s):  
2020 ◽  
Vol 16 (2) ◽  
pp. 179-207
Author(s):  
Umar Farooq ◽  
Muhammad Ali Jibran Qamar ◽  
Krishna Reddy

This research investigates the opportunity cost as an indirect cost of financial distress from two perspectives. First, indirect cost is estimated using multi-stage financial distress and non-linear proxy of debt. Second, receivable and inventory management are studied as determinants of indirect cost. The sample includes ongoing Pakistani firms that were healthy in the previous year and documenting positive gross profit. Results showed that firms bear opportunity loss primarily due to leverage rather than multistage financial distress. However, a non-linear relationship is found between leverage and indirect cost. Results further explored the impact of multistage financial distress on internal operations, i.e., working capital policies. It is found that firms manage receivable and inventory simultaneously during the multistage financial distress. Results revealed that increasing receivables and decreasing inventory is suitable during the transition of healthy firms to initial stage of financial distress, i.e., profit reduction. However, decreasing receivables, along with holding more inventory, is recommended for healthy firms that face liquidity problems subsequently. It is concluded that managers can reduce the indirect cost after deploying the optimal debt ratio and recommended receivable and inventory management policies.


2022 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Santanu Das ◽  
Ashish Kumar ◽  
Asit Bhattacharyya

PurposeThe purpose of this study is to understand how the business environment of a country has an impact on cash management policies of the firms and also to investigate if there is any asymmetry in cash adjustment dynamics when a firm deviates from its long-term target of cash holdings.Design/methodology/approachUsing a sample of seven emerging Asian countries in the period 2001–2019, the authors investigate the role of country specific variables in the corporate cash holdings and their cash adjustment mechanism. They use the panel data regression method to estimate the results.FindingsThe authors find that the overall financial development of a country has a significant impact on corporate cash holdings and cash adjustment dynamics. When a firm has excess cash, the speed of adjustment towards the target is faster as compared to when it has deficit cash holdings. Further, when a firm holds excess cash, it adjusts towards the target using cash from investments; in case of deficit cash holdings, the adjustment happens via cash from financing activities.Practical implicationsThe results of the study are helpful to corporate managers as these are important references to them to understand and design cash management policies by considering factors that are measured at the country level. It also provides them a clearer understanding about the role of corporate board and information asymmetry in cash holdings.Originality/valueThis is the first study which examines the role of country-specific variables on corporate cash holdings and their adjustment mechanism of firms in emerging Asia. Further, the study extends the literature by providing new evidence that there is asymmetry in cash adjustment dynamics of firms after controlling for the overall financial development of a country.


2006 ◽  
Vol 11 (3) ◽  
pp. 371-391 ◽  
Author(s):  
ROCÍO DEL PILAR MORENO-SÁNCHEZ ◽  
JORGE HIGINIO MALDONADO

In developing countries, informal waste-pickers (known as scavengers) play an important role in solid waste management systems, acting in a parallel way to formal waste collection and disposal agents. Scavengers collect, from the streets, dumpsites, or landfills, re-usable and recyclable material that can be reincorporated into the economy's production process. Despite the benefits that they generate to society, waste-pickers are ignored when waste management policies are formulated. The purpose of this paper is to integrate the role of scavengers in a dynamic model of production, consumption, and recovery, and to show that, in an economy producing solid waste, efficiency can be reached using a set of specific and complementary policies: a tax on virgin materials use, a tax on consumption and disposal, and a subsidy to the recovery of material. A numerical simulation is performed to evaluate the impact of these policies on landfill lifetime and natural resource stocks. A discussion on the implementation of these instruments is also included.


2019 ◽  
Vol 39 (06) ◽  
pp. 308-314
Author(s):  
Mahdi Salah Mohammed ◽  
Rafea Ibrahim

Research emphasises the fundamental role of research data management (RDM) in enhancing academic and scientific research. This paper intended to examine RDM in Iraqi Universities, identify the current challenges of RDM and propose influential RDM practices. Data collection employed a self-administered questionnaires distributed to 155 postgraduate students and 20 faculty members from five universities in Iraq. Research findings revealed that there is a lack of proper RDM. Postgraduate students and researchers were managing their own research data. Main challenges of maintaining a good RDM involve lack of guidelines on effective RDM practices, insufficient of adequate human resources, technological obsolescence, insecure and inefficient infrastructure, lack of financial resources, absence of research data management policies and lack of support by institutional authorities and researchers negatively influenced on research data management. Postgraduate students and researchers recommend building research data repositories and collaboration with other universities and research organisations.


Südosteuropa ◽  
2019 ◽  
Vol 67 (3) ◽  
pp. 304-327
Author(s):  
Veronika Bajt

Abstract Detention, expulsion and deterrence have become the predominant policy response to migration. It is reported that it is becoming increasingly difficult even to claim asylum in the EU. All states restrict border access, but immigration is criminalized most stringently in cases of asylum. Noting how many national jurisdictions are adopting ever more restrictive immigration control systems, the author discusses the recent criminalization of migration in Slovenia. The country’s former internal Yugoslav boundary became the European Union’s Schengen border in 2007, and what was a permeable demarcation between Slovenia and Croatia up to 1991 has now become a hard border, subject to securitization and surveillance. The author explores the policy-making surrounding the symbolic construction of Slovenia as an EU member state which has been charged with the role of Schengen border defender. She shows how this shift has become apparent in Slovenia’s immigration management policies, administrative practices, and political discourse.


2015 ◽  
Vol 4 (1) ◽  
pp. 87-99
Author(s):  
Bhavna Ghatge ◽  
Diganta Chakrabarti ◽  
Shilpa Shinde

This case highlights the noteworthy success of a cooperative organization located in a small and undeveloped village Ajara in the Kolhapur district of the state of Maharashtra (India). It traces the progress of this small cooperative sector spinning mill from its conception in the late 1970s to its successful transformation as a profitable export oriented unit in 2014. The case underlines the diverse challenges the organization faced and the initiatives taken by the government to overcome those. It is an important account of how a combination of visionary leadership coupled with strategic decision-making enabled a struggling organization to establish itself into a distinguishably successful one. The application of progressive management policies and practices are documented. This case also illustrates the role of a cooperative organization in the context of socio-economic development of rural India.


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