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Volume-3 Issue-2, April 2018, ISSN: 2394-0913 (Online)
Published By: Blue Eyes Intelligence Engineering & Sciences Publication Pvt. Ltd.

Page No.

1.

Authors:

Kateryna Kuznietsova

Paper Title:

How Salaries Influence on Labour Productivity?

Abstract: The purpose of this paper is to cover the issue of relationship between salaries and labour productivity and consider the possible positive effect of salary rise on the labour productivity levels. High productivity is the basic of stable economical growth, but in the recent years economies of many countries experienced decrease in its levels. In conditions of economical crisis it becomes clear that the rise of labour productivity is necessary condition in process of restoring and successful continuation of economical growth, which leads to necessity of deeper research of mechanisms which could enhance labour productivity. According to the aim the article analyses the relationship between average wages and labour productivity indicators on the example of four countries from different regions and of different level of economical development during 2012 – 2016, an attempt to evaluate the strength of links using correlation coefficientis made. As a result, conclusions about positive and negative relationship between significatives were made and recommendations on using obtained correlations were given.

Keywords: Labour Productivity, Labour Cost, The Relationship Between Indicators, Salaries.

References:

  1. Global wages report 2016/2017. Wage inequality on the workplace. Available online at: < http://www.ilo.org/wcmsp5/groups/public/---dgreports/---dcomm/---publ/documents/publication/wcms_537846.pdf> (03.04.2018)
  2. Mankiw, Macroeconomics, 5th edition, Worth publishers, 2003, 502 p.
  3. Wakeford, “The productivity-wages relationship in South Africa: an empirical investigation,” Developement South Africa, 21, 2004, pp. 109-132.
  4. K. Narayan, R. Smyth, “The effect of inflation and real wages on productivity: new evidence from panel of G7 countries,” Applied Economics, 41, 2009, pp. 1285 – 1291.
  5. Verbic, F. Kuzmin, “Corfficient of structural concordance and an example of its application: labour productivity and wages in Slovenia,” Panoeconomicus, 56 (2), 2009, pp. 227 – 240.
  6. Tang Chor Foon, “The non-economic effect of real wages on labour productivity: New evidence from the manufacturing sector in Malaysia,” International Journal of Social Economics, 39 (6), 2012, pp. 391 – 399.
  7. Goschin, A.R. Danciu, M. Gruiescu, “The connection between labour productivity and wage in Romania. Territorial and sectoral approaches,”2008, Available online at: < http://masters.donntu.org/2010/iem/boreyko/library/article05.pdf> (03.04.2018)
  8. Kumar, J. Webber Don, P. Geoff, “Real wages, inflation and labour productivity in Australia,” Applied economics, Taylor and Francis Journals, 44 (23), 2012, pp. 2945-2954.
  9. Sidhu, “Productivity led wage dispatrity in the Indian industry,” Indian Journal of Industial relations, 45 (3), 2010, pp. 350 – 366.
  10. Lopez-Villavicencio, J. Silva, “Employment protection and the non-linear relationship between the wage-productivity gap and unemployment”, Working paper CEPN-CNRS, University of Paris Nord, 2012.
  11. Mora, J. Lopez-Tamayo, J. Surinach, “Are wages and productivity converging simultaneously in eoro-area countries?” Applied economics, 37, 2005, pp. 125-150.
  12. J. Gordon, “Productivity, wages and prices inside and outside of manufacturing in the US, Japan and Europe,” European economic review, 31, 1997, pp. 685- 739.
  13. Bildrici, E.A. Alp, ”The relationshipbetween wages and productivity: Tar unit root and
    Tar cointegration approach,” International Journal of Applied Econometrics and Quantitative Studies, 5, 2008, pp. 93-110.
  14. Srtauss, M. Wohar, “The linkage between prices, wages and labour productivity: A panel study of manufacturing industries,” Southern Economic Journal, 70, 2004, pp. 920-941.
  15. Huizinga, P. Broer, “Wage moderation and labour productivity,” Netherlands Bureau for economic policy analysis, series CPB Discussion Papers, 28, 2004, pp. 28-34.
  16. C. Bruce, “The connection between labour productivity and wages,” Economica LTD, The Expert Witness, 7 (2), 2002, pp. 68- 74.

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2.

Authors:

Kateryna Panshyna

Paper Title:

How to Organize Performance System in Small and Middle-Sized Enterprises (SMEs)?

Abstract: This paper is devoted to possibilities and ways of organizing performance systems in small and middle-sized enterprises as well as constrains for applications of performance management in the enterprises related to their scale and special characteristics issued from it. Modern approach to performance management systems that includes specific methods, practices and policies which are applied to improve organizational effectiveness in the accomplishment of mission and goals mostly aims at large scale organizations. As for enterprises of small and middle size, there is common opinion that performance system in enterprises of this scale is not necessary or ineffective in the realms of its cost. Such attitude is doubtful considering the importance of small and middle-sized enterprises in modern economy, including both local and national economies of any region. This paper presents the detailed review of performance system role in enterprises of small scope, analyses ways of such organization on the example of two small and three middle-sized enterprises and, as a result, gives recommendations on successful implementation of performance system into enterprises of this type.

Keywords: Performance Management, Human Resource Management, Performance Management Systems, Small And Medium-Sized Enterprises.

References:

  1. Katou, P. Budhwar, “Testing Competing HRM-Performance Linkage Models: Evidence from the Greek Manufacturing Sector,” The European Journal of International Management, 4(2), 2010, pp. 464-487.
  2. Combs, Y. Liu, A. Hall, D. Ketchen, “How Much Do High-Performance Work Practices Matter? A Meta-Analysis of Their Effects on Organizational Performance,” Personnel Psychology, 59(3), 2006, pp. 501-528.
  3. M. Moorthy, A. Tan, C. Choo, C.S. Wei, J.T.Y.Ping, T.K. Leong, “A Study on Factors
    Affecting the Performance of SMEs in Malaysia,” International Journal of Academic Research in Business and Social Sciences, 2(4), 2012, pp. 224-239.
  4. Kroon “High performance work practices in small firms: a resource-poverty and strategic decision-making perspective” Available online at: <https://link.springer.com/article/10.1007/s11187-012-9425-0> (03.04.2018)
  5. Department for Business Innovation and Skills, 2013, Available online at: <https://www.gov.uk/government/publications>(03.04.2018)
  6. G. Heneman, R.A. Berkley, “Applicant Attraction Practices and Outcomes among Small
    Businesses,” Journal of Small Business Management, 37(1), 1999, pp. 53-74.
  7. What is an SME? , European Commission, Available online at: <http://ec.europa.eu/growth/smes/business-friendly-environment/sme-definition_is> (03.02018)
  8. A. Noe, J.R. Hollenback, B. Gerhard, P. M. Wright, Fundamentals of human resource management, Sixth edition, Mc Graw Hill Education, 2016, 607 p.
  9. Carlson, N. Upton and S. Seaman, “The impact of human resource practices and compensation design on performance: an analysis of family-owned SMEs,” Journal of Small Business Management, 44, 2006, pp. 531-543.
  10. Faems, L. Sels, S. De Winnie, J. Maes, “The effects of individual HR domains on financial performance: evidence from Belgian small businesses,” International Journal of Human Resource Management, 16, 2005, pp. 676-700.
  11. Heneman, J. Tansky, S. Camp, “Human resource management practices in small and medium-sized enterprises: unanswered questions and future research,” Entrepreneurship Theory and Practice, 25, 2000, pp. 11-26.
  12. Cardon, C. Stevens, “Managing human resources in small organizations: what do we know?” Human Resource Management Review, 14, 2004, pp.295−323.
  13. Sheehan, “Human resource management and performance: Evidence from small and medium-sized firms,” International Small Business Journal, 32, 2014, pp. 545-570.
  14. Chadwick, S. Way, G. Kerr, J. Thacker, “Boundary conditions of the high-investment human resource systems-small-firm labor productivity relationship,” Personnel Psychology, 66, 2013, pp. 311-343.
  15. A. Razouk, “High-performance work systems and performance of French small and medium-sized enterprises: examining causal order,” International Journal of Human Resource Management, 22, 2011, pp. 311-330.
  16. Sels, S. De Winne, J. Maes, J. Delmotte, D. Faems, A. Forrier, “Unravelling the HPWS-performance link: value-creating and cost-increasing effects of small business HPWS,” Journal of Management Studies, 43, 2006, pp. 319-345.
  17. Deshpande, D. Golhar, “HRM practices in large and small manufacturing firms: a comparative study,” Journal of Small Business Management, 32, 1994, pp. 49-56.
  18. Messersmith, J. Guthrie, “High performance work systems in emergent organisations: implications for firm performance,” Human Resource Management, 49, 2010, pp. 241-264.
  19. Patel, B. Conklin, “Perceived labor productivity in small firms: the effects of high-performance work systems and group culture through employee retention,” Entrepreneurship Theory and Practice, 36, 2012, pp. 205-235.
  20. Baird, I. Meshoulam, “Managing two fits of strategic human resource management,” Academy of Management Review, 13, 1988, pp. 116-128.
  21. Kotey, P. Slade, P. “Formal human resource management practices in small growing firms,” Journal of Small Business Management, 43, 2005, pp. 16–40.
  22. Pfeffer, The human equation: Building profits by putting people first, Boston, MA:
    Harvard Business School Press, 1998, 326 p.
  23. HindlePower, corporate website, Available online at: <http://www.hindlepower.com > (03.04.2018)
  24. Amy’s Ice Creams corporate website, Available online at: <amysicecreams.com> (03.04.2018)
  25. Small business spotlight. Available online at: <https://learn.zenefits.com/rs/180-GFH-982/images/SmallBusinessWeek_28Apr.pdf> (03.04.2018)
  26. Spotco, a Successful Small Business Turnaround Story, Available online at: <http://www.amanet.org/training/articles/spotco-a-successful-small-business-turnaround-story.aspx >(03.04.2018)

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3.

Authors:

Shaju N. George, Y. S. Siddegowda

Paper Title:

Perspectives on Quality of Life Among Older Asian Indian Immigrants in USA

Abstract: United States being a multi-cultural and multi-ethnic society, ongoing efforts are made to understand various groups and communities for various purposes. Older Asian Indian Americans are also one such group who needs attention whose potential to function at various capacities can contribute to better knowledge about this group, Improving quality of life as a point of interest for older Asian Indians in the United States, can help when considering programs and services for such population. in order to improve their quality of life.

Keywords: multi-cultural and multi-ethnic society, United States, Older Asian.

References:

  1. Abraham, M. (2000). Speaking the unspeakable: Marital violence among South Asian immigrants in the United States. Rutgers University press. New Brunswick, New jersey.
  2. Ashcraft, N. (1986). The clash of traditions: Asian-Indian immigrants in crisis. In V.H. Sutlive, N. Altshuler, M.D. Zamora, and V. Kerns (Eds.) Tradition and Transformation: Asian Indians in America. Studies in Third World Societies. USA.
  3. Aten, M.J., Siegal, D. M. and Roghman, K. J. (1996). Use of health services by urban behavior. Journal of Adolescent Health, 19, 258-266
  4. Barnes, J.S. and Bennet, C.E. (2002). The Asian Population: 2000. Washington, DC: US Census Bureau.
  5. Brown, R. H. (1986). Self and polity in India and the United States: some philosophical reflections and field observations. In V. H. Sutlive, N. Altshuler, M. D. Zaora, and V. Kerns (Eds.),
  6. Tradition and transformation: Asian Indians in America. Library of Congress. USA.
  7. Davis, H., Gergen, P.J., and Moore, R. M. (1997). Geographic differences in mortality in young children with sickle-cell disease in the Unite States. Public Health Reports, 112, 52-58.
  8. Doorenbos, A. (2003). Hospice access for Asian Indian Immigrants. Journal of Hospice and Palliative Nursing. 5, No. 1
  9. Flanagan, J.C. (1982). Measurement of quality of life: current state of the art, Vol.63, 2. Archives of Physical Medicine and Rehabilitation.
  10. Kalvar, J. M. (1998). The Asian Indian elderly in America. New York: Garland Publishing.
  11. Ponterotto, Joseph G., Baluch, Suraiya, et al (1998). The Suinn-Lew Asian self-identity cculturation scale (SL-ASIA): critique and research recommendation.Measurement & Evaluation in Counseling & Development, July 1998, Vol.32 Issue 2, p 109.
  12. Quan, H., Fong, A., De Coster, C.,Wang, J., Musto, R., Noseworthy, T. W., and Ghali, W. A. (2006). Variation in health services utilization among ethnic populations. William, W. (2004). Addressing cultural issues in TB prevention program.
  13. Stewart, L. A and Ware, E.J. (1992). Measuring functioning and well-being: the medical outcomes study approach, Duke University Press.
  14. US Census 2000. The Asian Population: 2000. US Census Bureau. Wikipedia (2007) Wikimedia Foundation, Inc., a US-registered 501(c)(3)tax-deductiblenonprofitcharity.
  15. World health organization (WHO). 1946. Official Records of the World health organization, No. 2, P.100, New York
  16. Zhan, L. (2003). Asian Americans: vulnerable population, Model Interventions, and Clarifying Agendas (pp. 283- 316). University of Massachusetts. Jones and Bartlette Publishers. 

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4.

Authors:

Honey Gupta, L.K. Singh

Paper Title:

A Study of Market Response of The Announcement of Mergers and Acquisitions In Indian Manufacturing Industry

Abstract: The present paper is an attempt to find the impact of M&A announcement on the share price of Indian acquirer firms. This study examines the 25 Indian domestic Mergers and Acquisitions held in year 2009 & 2010 by using event study methodology. Only firms from secondary sector of Indian economy were selected for this study. T test was applied on Average Abnormal returns (AAR) & cumulative Average Abnormal returns (CAAR) of observed event windows (-5,+5), (-2,+2) and (-1,+1) to examine statistical validity. After analysing all returns, it is found that Mergers and Acquisitions announcement do not have any significant impact on CAAR of Acquirer firms but AAR is statistically significantly positive on some days of (-5,+5)event window.

Keywords: Mergers & Acquisitions (M&A), Event study, Average Abnormal returns (AAR), cumulative Average Abnormal returns (CAAR), Market Model

References:

  1. Chandra, Prasanna,(2001), “Financial Management”, Tata McGraw Hill Publishing  Company Ltd., fifth edition
  2. Gopalaswamy,A.K. (2008), “Stock price reaction to merger announcements: an empirical note on Indian markets”, Investment Management and Financial Innovations, Volume 5, Issue 1
  3. Kalghatgi,j, “ Mergers and Acquisitions in Indian Information Technology Industry and its Impact on Shareholders’ Wealth”, International Journal of Research in Commerce, IT & Management, volume no. 2 (2012), issue no. 4
  4. Kothari, S. P., & Warner, J. B. (2007), “Econometrics of event studies.” , Chapter 1 in Handbook of Corporate Finance-Empirical Corporate Finance. Elsevier B
  5. MacKinlay, A.C. (1997), “Event studies in economics and finance”, Journal of Economic Literature, 35, 12-39
  6. Mohapatra,J.K., “Shareholder's Value Creation in M&A- A Case of Indian Construction Industry” , Pacific Business Review International, Volume 8, Issue 1, July 2015, PP 41-49
  7. Oduro, I M. & Agyei, S.K.(2013), “Mergers & Acquisition and Firm Performance: Evidence from the Ghana Stock Exchange”, Research Journal of Finance and Accounting, Vol.4, No.7
  8. Rani , N. and Yadav,S. S. and Jain K.,(2013), “Market Response to the Announcement of Mergers and Acquisitions: An Empirical Study from India”, Vision: The Journal of Business Perspective, sDownloaded from http://vis.sagepub.com/content/17/1/1, on May 10, 2014
  9. Rosenberg, Matt, (2011), “Sectors of The Economy”, article online available at   geography.about.com posted on March, 2011
  10. Sachdeva T,Sinha N.& Kaushik, K.P.,(2015), “Impact of Merger and Acquisition Announcement on Shareholders’ Wealth an Empirical Study Using Event Study Methodology”, Delhi Business Review, Vol. 16
  11. Singh,Dr.,L.& Gupta,H.,(2014), “Impact of M&A on Performance of Acquirer: A Study of Selected Firms of Manufacturing Industry in India”, Journal of International Academic Research for Multidisciplinary, Volume 2, Issue 11, December 2014, Pp.209-224
  12. Tambi,M.K., “Impact of Mergers and Amalgamation on the Performance of Indian Companies”, WPA Finance, pp 32-38, 2004
  13. Tuch, C. and N. O’Sullivan (2007) “The impact of acquisitions on firm performance: a review of the evidence” International Journal of Management Reviews, vol 9, pp-141–170.
  14. Wseton, J. Fred, Chung Kwang and Hoag, S.E., “Mergers, Restructuring     and   Corporate Control”, Prentice Hall of India Pvt. Ltd., 2007

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