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2757 items in total found

Working Papers | 1987

Role and Conduct of Monetary Policy

Gupta G S

The paper contains the text of the lecture delivered by the author at a seminar organized by the Department of Economics, M.S.University, Baroda under its UGC Special Assistance Programme during December 20-21, 1986. It highlights the state of the art with regard to the role and conduct of monetary policy, and throws some light on this aspect for India. In particular, it argues that monetary policy is significant not only with regard to the price level and in the long-run, but also with respect to real GNP and in the short-run. Further, it supports whole-heartedly many of the recommendations of the Chakravarty Committee on the way the monetary policy should be conducted in India.

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Working Papers | 1987

Growth Variations Across Developing Countries: How Much and Why?

Gupta G S

The paper examines the extent and the causes of variations in economic growth across twenty-nine developing countries. The sample countries come from Asia, Africa, and South/Central America. It finds that while Brazil, Cameroon and Korea have witnessed a relatively higher growth rates; Chile, Ethiopia, Ghana, India, and Jamaica have experienced lower growth rates during the Sixties and Seventies. The principal factors responsible for varying performances are found to be the saving/investment rate, export, government expenditure, price distortions and multi-national corporations economic penetration rate. While the first three factors promote economic growth, the last two hamper it.

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Working Papers | 1987

Male and Female Managers in United States and India: A Study of Change Agent Styles Personality Factors and Biographical Differences

Ottaway Richard N and Deepti Bhatnagar

This paper reports results of a study conducted to investigate the differences in male and female managers in America and India. Two samples were used, one male and one female, in each country. The samples were matched cross-culturally for comparability in age, education, and level of management in the company. The Indian data were collected from participants attending management development programmes at the Indian Institute of Management, Ahmedabad. The American data were collected from attendees at MBA programs (evening and weekend further education for practicing managers) in business schools in New Jersey. Three questionnaires were used for data collection. Hall and Williams Change Agent Questionnaire was used to collect data on change style. Personality data was collected on Cattell's Sixteen Personality Factor Questionnaire. The biographical questionnaires collected data on educational level, managerial level, age, salary, area of work, type of industry etc. Analysis of data showed the female managers to be significantly different from the male mangers. These differences were across all the three areas that were inveighed, namely, change agent styles, personality factors, and biographical characteristics. The female mangers used the credibility style of introducing change more often than the male managers. Female managers emerged as more hardworking, achievement-driven, having higher standards, experiencing greater conflict and being more hurting than their male counterparts. Female managers were younger, more educated and less paid than male mangers. A comparison of the American female managers with Indian female managers showed the former to be further behind the salary of male American managers than their Indian counterparts while being comparable in education and job status.

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Working Papers | 1987

Investigation of Decision Criteria for Investment in Risky Assets

Samir K. Barua and Srinivasan G

This paper examines the empirical validity of stochastic dominance rules and the mean-variance framework by analysing data generated through an experiment on individual investment decisions under uncertainty. The analyses indicated that none of the two approaches provided adequate explanation for the observed pattern of choice. An alternate framework, based on preference for skewness, in addition to mean and variance, was examined. This framework provided a significantly better explanation compared to the two parameter framework. The preference for skewness was significant at higher levels of borrowing and at all levels of wealth.

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Working Papers | 1987

The Decision Process of Individuals under Conditions of Risk: An Experimental Study

Samir K. Barua and Srinivasan G

Theoretical models in finance are many a time based on unrealistic assumptions about the behaviour of individuals. Empirical validation of the models is expected to vindicate the assumptions. However, in most situations, the approaches used for empirical validations suffer from serious limitations, either because of the nature of data used or because of the testing procedures used. Hence, the doubts about the underlying assumptions on individual behaviour remain unresolved. In this paper, an attempt has been made to study some common beliefs about behaviour of individuals in risky situations, through a controlled experiment. The results indicate that some oft-believed behavioural traits are indeed true, and the theories based on assumptions which are counter to these beliefs, need to be reconsidered.

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Working Papers | 1987

Organizational Behaviourial Issues for Managers and Systems - Analysts

Pestonjee D M and Singh G P

Present study is an attempt to explore the interrelationship between job satisfaction areas and different factors of role stresses in EDP managers and system analysts from Public and Private computer orgnaisations. 'ORS Scale' and "Job Satisfaction Inventory' were administered. The sample comprises of 70 EDP Managers (n = 35 Public Sector; n = 35 Private Sector) and 70 Systems Analysts (n = 35 Public Sector, n = 35 Private Sector). Critical ratio and product moment coefficients of correlations were computed to analyse the data. The findings revealed that EDP managers and system analysts of both, public and private organizations differ significantly in their perception of job area and management area of satisfaction. They also differ significantly on inter-role distance. In some comparison groups, they differed significantly in role stress factors like role expectation conflict, role overload, resource inadequacy, role stagnation and overall role stress. Coefficients of correlation between job satisfaction areas and role stress factors revealed that most of the role stress factors are negatively and significantly related with on-the-job satisfaction scores namely, job area and management area as compared to off-the-job satisfaction scores through out the four data sets. Among off-the-job satisfaction, the relationship between personal adjustment area scores and role stress factors in EDP managers (Public) and, social relations area scores and role stress factors in EDP managers (Private) were found to be negative and statistically insignificant. In case of the system analysts (Public) more role stress factors exhibited significant correlations with personal adjustment and social relations areas.

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Working Papers | 1986

Transient Analysis of Multiple Unit Reliability Systems

Sharma O P, N. Ravichandran, and Dass J

A general Markovian model representing several multiple unit redundant repairable system is proposed and it's transient behaviour is studied. Specifically, for multiple unit reliability system the reliability and availability functions are derived in an explicit form for the transient case. The stationary availability and mean time to system failure are deduced from the main results as special cases.

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Working Papers | 1986

Training Functions in India

Saiyadain M S

This is a state-or-art survey of the training functions in India. Data was collected from 49 organizations varying in size, turnover, product, technology, sector and geographic location. Major findings suggest one-third of the organizations have separate training departments manned by professionally trained managers. In two-third of the cases training functions are manned by those who do not have formal qualification for training functions. The training infrastructure is nominal and a very small portion (.017%) of the total budget of human resources is spent on training. Most organizations identify training needs through appraisal reports. More than two-third organizations have formal induction training, organize in-company training programmes and sponsor many more managers than supervisors and workers to external training programmes. Training feedback is taken seriously by most of the organizations.

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Working Papers | 1986

Contributions to Judgement and Decision

Singh Ramadhar

This paper presents an overview of the theoretical, methodological, and applied contributions that the author's research program on prediction of performance has made to the literature on judgement and decision. It is shown that the rules people employ to combine information about motivation and ability in prediction of performance depend upon nature and difficulty of task as well as age, culture, and role of the judges. Also, subjects have separate initial opinions for cognitively distinct units, and they make imputations about unavailable information. Results from studies of school teachers and managers further disclosed that decision tasks have high construct validity and so they may be useful for selection and training purposes. New directions, for further research in judgment and decision are also discussed.

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Working Papers | 1986

Ecology, Market Forces and Design of Resource Delivery Systems: Socio-Ecological Perspective

Anil K. Gupta

Neglect of Ecological (i.e. edaphic, climatic and natural resource endowments besides man-biotic interactions) variables in organizational theory literature in west is understandable due to near complete subsumption of ecological forces by market forces. Such a neglect in developing agrarian societies is difficult to understand. The ecological forces shape the evolution of market forces in such societies. Any theory of organizations to be socially effective must be preceded by a theory of environments. The socio-ecological paradigm relying on interactions between four-S (space, season, sector and social stratification) provides one way of attempting unambiguous specification of organizations environments. Examples from various product, service and banking organizations are used to advance the above concept. There is a need for studying match or mismatch between portfolios of organizations with portfolio of economic enterprises evolved by different classes of rural producers in a historical context. The development is the process of reducing economic disparities, widening of individual decision making choices and extending time frame for appraising investment choices of the poor. The design and dynamics of developmental organizations can manifest these concerns best by explicit recognition of the challenges inherent in the transition of 'needs' poor have into demand they can articulate. The excessive reliance on market forces or voluntary organizations can not help bridge the regional, sectoral or social imbalances. The 'is' should not be allowed to become 'ought'. Values of researchers would need to be made explicit in this regard. Study of social articulation process particularly in backward regions endowed with risky ecologies will provide design avenues for socially responsive public and private organizations. The paper provides some arguments for reducing excessive reliance on study of intra-organizational variables in gearing organization towards the poor clients who can't protest, pester or persuade the researcher to do otherwise. At least at present.

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