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The Industrial Slack- An Analysis of Some Corroboratory Evidence

Braj Kishor

Volume 4, Issue 3 (September 1971 to December 1971)

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Consumer Ethnocentrism, Its Antecedents and Consequences to Consumer Attitudes towards Domestic and Foreign Made Products: A Theoretical Framework

Sanjay K. Jain, Reetika Jain

Volume 31, Issue 1 (April 2010 to September 2010)

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International Financial Reporting Standards and Indian Accounting Standards

Ashok Sehgal, R.K. Saha

Volume 32, Issue 1 (April 2011 to September 2011)

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Indian Investor and the Law Regarding Disclosure

A.R. Ramanathan

Volume 3, Issue 2 and 3 (May 1970 to December 1970)

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Relationship between Brand Experience and Brand Loyalty, Mediators – Satisfaction and Brand Trust: A Conceptual Framework

Ruchika Ramakrishnan

Volume 42, Issue 2 (July 2021 to December 2021)

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The term “experiential view” encompassing fantasies, feelings and fun associated with the consumption of goods and services was visibly introduced in marketing literature by Holbrook and Hirschman (1982). Since then, the concept has evolved from “consumption experience” to “customer experience” and recently to “brand experience”. This study has made an attempt to understand its relationship with brand loyalty. The importance of brand loyalty in ensuring a brand’s survival and growth is universally accepted. The other two variables- satisfaction and brand trust- have been included as the mediating variables in this study. A mediating variable is a variable that plays a causal intermediary role between an independent variable and a dependent variable. This paper covers the literature review and operationalisation of these four variables.

VAT Administration: Is It a Problem for Industrial Development in Bangladesh?

Sugan C. Jain, Ved Prakash

Volume 35, Issue 2 (October 2014 to March 2015)

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Resilience of the Indian Economy

Rituranjan

Volume 31, Issue 1 (April 2010 to September 2010)

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Inflation: A Significant Obstacle to the Growth of Indian Economy

Rituranjan

Volume 32, Issue 1 (April 2011 to September 2011)

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Workers' Participation in Management

M.L. Bansal

Volume 3, Issue 2 and 3 (May 1970 to December 1970)

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Bank Monitoring as an Alternative Corporate Force and its Impact on the Value of Borrower Firm

Neeraj Kumar, Madhu Vij, Narain

Volume 42, Issue 2 (July 2021 to December 2021)

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We have analysed the effectiveness of monitoring by banks as a tool of corporate governance and the impact it has on the value of the borrowing firms. We used three indicators as proxies for strong bank monitoring on a company- a) substantial ratio of bank debt to overall debt, b) borrowings from private banks and c) sizeable banking relationships. A dataset comprising Indian non-financial companies from years 2003-2018 was used in our panel-data regression models. We considered a robust sample size of observations, consisting ~2269 firm years from public as well as private organizations. The result outcomes from our study show that all the three measures significantly impact the value of the borrower firm. However, while the share of bank borrowing as well as the type of banker are significant factors that have positive influence on the value, the number of different banking relations has an inverse impact on the same. Borrowing from multiple banks leads to drop infirm value, proving that a single bank relationship is stronger means of corporate governance as it mitigates any "free-rider" problems. This indicates that only the banks with high quality active monitoring play a key governance role, thus improving firm value.