Parikshit Charan

Analysis of interactions among the variables of supply chain performance measurement system implementation

Purpose – The purpose of this paper is to determine the key supply chain performance measurement system (SCPMS) implementation variables, on which the top management should focus, so as to improve the effectiveness and efficiency of supply chain (SC).Design/methodology/approach – In this paper, an interpretive structural modeling (ISM)‐based approach has been employed to model the SCPMS implementation variables. These variables have been categorized under “enablers” and “results.” The enablers are the variables that help boost the SCPMS implementation variables, while results variables are the outcome of good SCPMS implementation.Findings – The paper highlights the variables associated with implementation of SCPMS. A key finding of this modeling is that awareness about performance measurement system (PMS) in SC is a very significant enabler. For better results, top management should focus on improving the high‐driving power enablers such as awareness of PMS in SC, commitment by the top management, consist...

Modelling the barriers of Supply Chain Performance Measurement System implementation in the Indian automobile supply chain

This paper determines the key barriers of Supply Chain Performance Measurement System (SCPMS) implementation, which the top management should focus so as to improve the effectiveness and efficiency of Supply Chain (SC). To analyse the interaction among the key barriers, Interpretive Structural Modeling (ISM) based approach has been employed. ISM aims at understanding the mutual influences so that those barriers which are at the root of few more barriers (called driving barriers) and those which are most influenced by the others (called dependent barriers) are identified. A key finding of this modelling is that lack of awareness about Performance Measurement System (PMS) in SC is a very significant barrier. Finally, the implications for managers and policymakers are discussed.

Organizational adoption of sustainable manufacturing practices in India: integrating institutional theory and corporate environmental responsibility

ABSTRACT Organizations are increasingly engaging in socially and environmentally sustainable initiatives. This paper focuses on the institutional isomorphism mechanisms to analyse the organizational adoption of sustainable manufacturing practices like eco-design, source reduction, and environmental management practices. This paper empirically examines the role of institutional influence in the organizational adoption of sustainable manufacturing practices among firms in India. The results of this study confirm the significance of the three institutional isomorphism mechanisms in influencing sustainable responses, but not all mechanisms influence the organizational response equally. In particular, the results show a strong influence of self-regulatory normative isomorphism on the implementation.

The thematic landscape of literature in sustainable supply chain management (SSCM): A review of the principal facets in SSCM development

Purpose The purpose of this paper is to comprehensively review the vast literature on sustainable supply chain management (SSCM), with the specific objective of a thematic exploration of the literature in order to explicate the principal facets of SSCM development. Design/methodology/approach This comprehensive review follows the systematic literature review approach. Findings The authors find SSCM to develop around five principal facets. The first facet is adoption, which accounts for the development of preparatory grounds – for facilitating the generation of a SSCM philosophy to gradually seep into the frame of traditional supply chain management (SCM). The second facet of implementation accounts for the manifestation of a SSCM-oriented transformation for producing gradual upgrades in the traditional SCM environment. The third facet of extension signifies the broadening of the scope of implementation at a more wider (supply chain) level. The fourth facet of maintenance outlines the need for ensuring the continuity of progress in the course of SSCM development. The fifth facet of outcomes focuses on the yields of SSCM’s pursuit. Originality/value These principal facets are built across the multiple levels and unique conceptual standpoints as propagated by 13 themes and 34 sub-themes. These themes are generated based upon 419 articles (2000-2017) from more than 40 leading journals. The authors discuss the facet-specific key implications for guiding the literature in its further advancement, and thus propose a rigorous thematic landscape of the SSCM literature with a unique approach. Overall, the outcomes of this review provide a fundamental organization of the SSCM literature – from the perspective of a journey involved in the transition from traditional to sustainable supply chains.

Identifying periods of market inefficiency for return predictability

ABSTRACT The article examines the efficiency of 31 stock index series spanning 26 countries across the world, using generalized spectral test (GST) and detects departure from the martingale difference hypothesis (MDH). A moving window of 24 months was used and p-values of GST were estimated. In order to explore whether the departure from market efficiency can be used for generating profitable trades, an exponentially weighted-moving-average-based trading rule was applied and was found that average profits per trade were significantly higher when p-value of the GST was less than 0.1. These observations are in consistent with the adapted market hypothesis.

Ensuring supplier participation toward addressing sustainability-oriented objectives of the mid-day meal supply chain insights from the akshaya patra foundation

Purpose The purpose of this paper is to explore and further explain the phenomena of supplier participation in addressing the sustainability-oriented objectives of a supply chain. Specifically, the paper explains how a buyer can integrate sustainability concerns among its suppliers. The study is based in the context of the Indian school feeding (mid-day meal) program and approaches the issue from the perspective of a mid-day meal provider. Design/methodology/approach This paper first explains how the mid-day meal providers in India explicitly address the social and economic dimensions of sustainability. Thereby, it conducts an exploratory case study on a renowned meal provider with the objective to understand the nature of its efforts toward supplier participation through in-depth interviews. Findings As evident in the case, from the buyer’s perspective, the key to success in winning supplier participation in addressing the sustainability-oriented supply chain objectives largely revolves around efforts along the critical aspects of policy development, policy implementation, and intent building with suppliers. Originality/value This paper propagates a threefold value by outlining the central importance of the focus on efforts and challenges for understanding supplier participation in sustainable supply chain management (SSCM). First, the paper is among the initial studies to focus on ground-level efforts and challenges for a mid-day meal provider, and outlines best practices. Second, the case presents revelatory insights on SSCM from the perspective of supplier participation. For example, it demonstrates the relevance of supply-chain-based social identification in governing supplier willingness to participate in a buyer’s SSCM. Third, the findings also extend critical implications toward SSCM theory and practice.

Relief Network Model for Efficient Disaster Management and Disaster Recovery

The number of disasters the world over has registered an upward trend. Not only in India but also across the globe, the last two decades have seen an upsurge in natural and man-made disasters. Such disasters are not only a significant drain in resources, but they mar the capability of the government and institutions for a significant period of time. This geometric increase has also alerted governments the world over to develop capacities for dealing with such disasters. The great Asian tsunami of 2004 prompted the Indian Government to enact the Disaster Management Act in 2005. A number of other countries have also enacted their own disaster management acts. One of the major issues faced in dealing with disasters is proper coordination among various stakeholders. Various studies have examined approaches to improve coordination and hence deal with disasters effectively and efficiently. However, to date the effective coordination in a disaster management effort has not been achieved. ICT has been used for improving coordination during disasters in recent disasters in Thailand and India. A few studies have also examined the potential use of ICT for improved coordination. This paper develops a conceptual model for the use of ICTs for effective coordination and management of disasters and presents an IT-enabled relief network model for effective disaster management and recovery.

The Role of Financial Performance as a Moderator on the Relationship Between Financial Leverage and Shareholders Return

The study examines the moderating effects of financial performance on the relationship between financial leverage (FL) and shareholders return (SR). Panel data of pharmaceutical companies listed in the National Stock Exchange (NSE) were used for 13 years for the period from 2002-03 to 2014-15. Findings indicated that FL is significantly related with SR. However, financial performance has an insignificant relationship with SR and did not moderate the relationship between FL and SR.

Relationships among social capital, self-efficacy, and new venture creations

Purpose The purpose of this paper is to examine the relationship of social capital with new venture creation, and whether self-efficacy plays a role in mediating the association between social capital and new venture creation. Design/methodology/approach Data were collected from 375 entrepreneurs through cross-sectional survey in India. The study used partial least square path modeling to assess the relationships among the variables. Findings Findings reveal that social capital is positively related to new venture creation. The association of social capital and new venture creation is fully mediated by entrepreneurs’ self-efficacy. Originality/value The role of social capital in the success of new venture creations through self-efficacy is useful to the potential entrepreneurs and people who facilitate new venture creation in Indian context.

Testing capital structure theories using error correction models: Evidence from China, India, and South Africa

Abstract The objective of this study is to empirically examine the capital structure theories that can explain the capital structure choice made by the firms that are operating in China, India, and South Africa. The study tests the capital structure theories as a stand-alone basis as well as an integrated framework of nested models using advanced dynamic panel data methods with a data-set of 1,183 firms with 12,187 firm-year observations spanning the period 1999–2016. Findings suggest that the firms adjust toward target leverage very quickly and trade-off theory explains the firms’ capital structure choice better than pecking order theory in the stand-alone model as well as the model nesting these two theories. This study contributes to the empirical literature of capital structure in the following way. First, this study uses error correction framework as a general specification of the widely used partial adjustment model. Second, the study uses advanced panel data estimators to estimate partial adjustment model and error correction model. Finally, the different specifications are tested using a large data-set of firms in China, India, and South Africa that has not been done so far.