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Impact of Corporate Social Responsibility on Financial Performance Evidence from Pharmaceutical Sector Listed Companies of Pakistan
Issue:
Volume 4, Issue 1, January 2018
Pages:
1-8
Received:
24 September 2017
Accepted:
26 October 2017
Published:
5 December 2017
Abstract: The purpose of this study was to examine the impact of Corporate Social Responsibility (CSR) on Financial Performance (FP) of pharmaceutical sector companies listed in Pakistan Stock Exchange (PSX). According to published data of Pakistan Stock Exchange (PSX), a total of 9 pharmaceutical companies are reported in this sector. In order to achieve the purpose, data has been collected of three years from 2014 to 2016 from annual reports of the companies. In this study the spending on Education, Healthcare and Environment, Donation, and Workers Welfare Fund used as proxy for CSR measurement, while three proxies of Donation, Earning per Share (EPS), Return on Assets (ROA), and Return on Equity (ROE) as measurement of financial performance. Data has been analyzed using Panel Least Square Fixed Effect Regression. The findings s of the study revealed that there is positive impact of CSR on Financial Performance of the companies. It is evident that to boost the financial performance, the CSR phenomenon is an essential tool for growth in pharmaceutical industry of Pakistan.
Abstract: The purpose of this study was to examine the impact of Corporate Social Responsibility (CSR) on Financial Performance (FP) of pharmaceutical sector companies listed in Pakistan Stock Exchange (PSX). According to published data of Pakistan Stock Exchange (PSX), a total of 9 pharmaceutical companies are reported in this sector. In order to achieve th...
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Welfare Deprivation of Women in Rural North-West, Nigeria
Oladokun Yetunde Olasimbo Mary,
Kemisola Omorinre Adenegan,
Isaac Busayo Oluwatayo
Issue:
Volume 4, Issue 1, January 2018
Pages:
9-17
Received:
1 October 2017
Accepted:
11 November 2017
Published:
14 December 2017
Abstract: Women are important segment of the human population and appropriate investment in their welfare would be of great benefit at individual, household, and community levels. There has been an increasing incidence of welfare deprivation among women in rural Nigeria. Thus this study examined the welfare deprivation of women in rural North-West (NW) Nigeria. Secondary data from Nigeria Demographic Health Survey (NDHS, 2013) was used for this study and 6798 rural women were sampled in the survey. Data analysis was done using descriptive statistics, fuzzy analysis and logit regression. The mean age of women in NW is 30 years and a standard deviation of 9. Majority of the women in NW had no formal education (85.80%) and this is a major contributor to women’s welfare. Women in this region have a mean household size of 7 and this had an effect on their deprivation status. The Deprivation Index for rural women ranges from 0.01 to 0.82 with a mean value of 0.30. Educational attainment, employment type, household size, marital status, age of the woman, state of residence determines a woman’s deprivation status in rural NW. The study concluded that women are deprived in rural NW. Government and non-Governmental Organisations should put in place measures to augment human capacity development of the women in NW through increased school funding in order to overcome the financial constraints of parents involvement in educating up-coming generations.
Abstract: Women are important segment of the human population and appropriate investment in their welfare would be of great benefit at individual, household, and community levels. There has been an increasing incidence of welfare deprivation among women in rural Nigeria. Thus this study examined the welfare deprivation of women in rural North-West (NW) Niger...
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The Influence of Leadership Styles on the Implementation of the Strategic Plans in Non-Governmental Organisations in Kisumu County, Kenya
Ogal Joram,
Omanyo Abraham Otieno
Issue:
Volume 4, Issue 1, January 2018
Pages:
18-23
Received:
29 September 2017
Accepted:
27 October 2017
Published:
23 December 2017
Abstract: Despite the evidence of the existence of strategic plans in nongovernmental organizations in Kenya, the greatest impediment to successful use of these strategies in development has been failure by organizations to implement them. Indeed, previous studies have shown that crafting strategic plans is a lot easier than to make them happen. The objective of the study was to find out the influence of leadership styles on the implementation of the strategic plans. The sample size of this descriptive survey design study was 10 Human Resource Managers and 70 financial officers giving a total of 80 respondents which has been selected through saturated sampling techniques. The study used questionnaires and interview schedules to collect data. The validity of the research instrument was ensured by conducting a pre-test study in three NGOs from the neighboring county. Data collected was analyzed using measures of central tendency, mean and median. The quantitative data was analyzed through descriptive statistics while qualitative findings were thematically analyzed. Results indicated that majority of the leaders (90.48%) in NGOs in Kisumu County do not have skills and abilities required to ensure effectiveness in the implementation of the strategic plans. There was high positive correlation (r =.854) between leadership styles and the implementation of the strategic plans. The study recommended that Non-Governmental Coordination Board (NGCB) should advice NGOs on a leadership style that will provide direction, implementing plans and motivating NGOs in Kisumu County towards implementing strategic plans.
Abstract: Despite the evidence of the existence of strategic plans in nongovernmental organizations in Kenya, the greatest impediment to successful use of these strategies in development has been failure by organizations to implement them. Indeed, previous studies have shown that crafting strategic plans is a lot easier than to make them happen. The objectiv...
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Building the Brand “Cafés do Brasil”: The Institutional Challenges and Their Effects on the Brand’s Positioning on the International Market
Issue:
Volume 4, Issue 1, January 2018
Pages:
24-27
Received:
9 October 2017
Accepted:
6 December 2017
Published:
8 January 2018
Abstract: New consumption patterns based on quality and sustainability have encouraged the coffee production chain to innovate and adapt to the new competitive scenario. While Brazil is the world’s largest coffee producer, it is known mainly as a producer of commodity coffee. To overcome these weaknesses, the Brazilian government has implemented policies designed to align the coffee sector with the new global consumption patterns. The centerpiece of those policies is the creation and institutionalization of the “Cafés do Brasil” program with the purpose of promoting the brand “Cafés do Brasil” in the international market as a symbol of quality, flavor, diversity of origins and sustainability. This paper deals with how the institutional framework that guides the agents was designed, how the structure and mechanisms for coordinating and adapting the agents involved in the Cafés do Brasil program were established and to what extent the program has achieved its goals. The research findings reveal that elements linked directly to the institutional framework have compromised the program’s effectiveness. By decentralizing the coordination and control activities to regional agents, the Federal Government is failing to coordinate the program. The lack of alignment between the different organizational levels has led to the proliferation of regional brands aimed at the domestic market indicating a shift away from the original objective of the program to establish the brand “Cafés do Brasil” as a symbol of fine Brazilian coffees on the international market.
Abstract: New consumption patterns based on quality and sustainability have encouraged the coffee production chain to innovate and adapt to the new competitive scenario. While Brazil is the world’s largest coffee producer, it is known mainly as a producer of commodity coffee. To overcome these weaknesses, the Brazilian government has implemented policies des...
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Recruitment and Selection Strategies and Practices in the Private Sector Commercial Banks of Bangladesh: Evidence from Human Resource Practitioners
Issue:
Volume 4, Issue 1, January 2018
Pages:
28-38
Received:
17 November 2017
Accepted:
6 December 2017
Published:
8 January 2018
Abstract: Effective organizational performances rely on the proper allocation of human resources in different functional areas. Proper recruitment and selection procedure helps an organization to allocate right type of qualified employees in the proper job position for ensuring organizational effectiveness. The banking sector is playing a crucial role in the economic advancement of Bangladesh through generating job opportunities and recruiting huge number of candidates in each year. Different researchers have projected different sources, methods, models and theories in light of designing effective recruitment and selection program. However, there is no analytical study on recruitment and selection strategies and practices in the private sector commercial banks of Bangladesh till date. The aim of the study is to fill the gap with identifying mostly used recruiting sources, selection methods, developing a selection model for the entry-level position along with identifying perceived major barriers and strategies for maintaining the effectiveness of recruitment and selection practices. Both qualitative and quantitative approaches have been followed to complete this study. Data have been collected from both primary and secondary sources. Primary data have been collected from Human Resource practitioners of 14 private commercial banks through using a well-structured questionnaire with the inclusion of both open-ended and close-ended questions. Statistical analysis software SPSS-20 version has been used for quantitative analysis. Major findings of the study are maximum banks have different preference level for using recruitment sources and selection methods. They follow different selection procedure for the entry-level vacant positions. There are also notable commonalties in using job analysis, some recruitment sources and selection methods, assigning primary and final hiring decision responsibilities to Human Resource Managers and line managers, perceiving major challenges and adopting strategies for effective recruitment and selection functions. An attempt has been made to develop a comprehensive selection model for the entry-level position. Finally, some recommendations have been provided in this paper which will be beneficial for banks, human resources practicing organizations and for future research.
Abstract: Effective organizational performances rely on the proper allocation of human resources in different functional areas. Proper recruitment and selection procedure helps an organization to allocate right type of qualified employees in the proper job position for ensuring organizational effectiveness. The banking sector is playing a crucial role in the...
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An Investigative Study of Factors Influencing Dining out in Casual Restaurants Among Young Consumers
Vimal Chandra Verma,
Devashish Das Gupta
Issue:
Volume 4, Issue 1, January 2018
Pages:
39-43
Received:
11 October 2017
Accepted:
7 November 2017
Published:
9 January 2018
Abstract: Purpose: India is known for highest number of young people in the world. Students as consumers are more dynamic and emerging consumer group for restaurants. Focusing on younger diner attitude and preferences, the aim of this paper is to use factor analysis approach to group different factors influencing their motivation behind dining out in casual restaurants. Total 31 variables were identified based on literature review. Data analysis was done using SPSS 20. Nine factors were identified which had high loadings. The sample for the study was drawn using convenience sampling technique of university students which is a major limitation of the study. Further random sampling may be used taking large sample size for more generalized results. The findings of the study would help the marketers to analyze major factors influencing dining out behavior of younger consumers.
Abstract: Purpose: India is known for highest number of young people in the world. Students as consumers are more dynamic and emerging consumer group for restaurants. Focusing on younger diner attitude and preferences, the aim of this paper is to use factor analysis approach to group different factors influencing their motivation behind dining out in casual ...
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