Emerald | Journal of Advances in Management Research | Table of Contents http://www.emeraldinsight.com/0972-7981.htm Table of contents from the most recently published issue of Journal of Advances in Management Research Journal en-gb Tue, 29 Jul 2014 00:00:00 +0100 2014 Emerald Group Publishing Limited editorial@emeraldinsight.com support@emeraldinsight.com 60 Emerald | Journal of Advances in Management Research | Table of Contents http://www.emeraldinsight.com/common_assets/img/covers_journal/jamrcover.gif http://www.emeraldinsight.com/0972-7981.htm 120 157 Analyzing the supply chain risk issues for an Indian manufacturing company http://www.emeraldinsight.com/journals.htm?issn=0972-7981&volume=11&issue=2&articleid=17115784&show=abstract http://www.emeraldinsight.com/10.1108/JAMR-11-2012-0047 <strong>Abstract</strong><br /><br /><B>Purpose</B> – The purpose of this paper is to identify, analyze, assess and manage the risks issues involved in an Indian manufacturing supply chain. The paper also shows the direction to use the proposed comprehensive risk management framework in different manufacturing supply chain. <B>Design/methodology/approach</B> – The various risks for an Indian manufacturing company are identified through brainstorming session held with managers and engineers. The risks are categorized (i.e. delivery performance; process capability; demand and supply fluctuation at supplier end; rework; and business practices) and the domain (i.e. supplier, manufacturer and customer) of each risk is also identified for further analysis. A Failure Mode and Effect Analysis is used to rank the impact of all the relevant risks associated with various risk categories and the action plans are suggested by proposing a risk treatment process. <B>Findings</B> – The degree of impact of each relevant risk is determined and is used for deriving managerial insights. Through Pareto analysis, it is concluded that top 20 percent risk factors are coming from supplier and organization domain. It is interesting to note that no relevant risk related to customer domain is appearing in top 20 percent. It is also found that 54 percent risk is coming from supplier-related risk domain and 46 percent risk exists in the organization-related risk domain among top 20 percent risk. <B>Research limitations/implications</B> – This study is restricted to only one Indian manufacturing company. Therefore, the outcomes of the study should not be generalized. Further studies may be carried out for several Indian manufacturing industries to get more generalized impact of risks, its validity and their variation across the different manufacturing companies. <B>Practical implications</B> – The simplicity and clarity of the proposed framework provides step-by-step approach for identifying, categorizing and managing risks involved in the supply chain. It also provides the guidelines for a manager to benchmark and update risk handling in a specific manufacturing environment with its own priority considerations. <B>Originality/value</B> – Although many literatures are available related to supply chain risk management, the proposed approach provides a better practical generic platform to understand, manage, reduce and mitigate the risks involved along the manufacturing supply chain. Article literatinetwork@emeraldinsight.com (Sudeep Kumar Pradhan, Srikanta Routroy) Tue, 29 Jul 2014 00:00:00 +0100 Innovation capability for SME success: perspectives of financial and operational performance http://www.emeraldinsight.com/journals.htm?issn=0972-7981&volume=11&issue=2&articleid=17115785&show=abstract http://www.emeraldinsight.com/10.1108/JAMR-11-2013-0063 <strong>Abstract</strong><br /><br /><B>Purpose</B> – The relationship between overall innovation and innovation capability, and performance has been a topic of several earlier studies. However, the effects of the aspects of innovation capability on performance of a firm have stayed unfamiliar. The purpose of this paper is to study the relationship between organizational innovation capability and firm performance. The study contributes to the current understanding by presenting the important aspects of organizational innovation capability that affect firm performance. The effects are studied to both financial and operational performance. <B>Design/methodology/approach</B> – The approach of this study is quantitative. The data used to test the hypotheses were gathered from Finnish small- and medium-sized enterprises (SMEs) with a web-based questionnaire. The sample covered 2,400 SMEs employing 11-249 persons and having a revenue of two to 50 Meuro. The sample was randomly selected. <B>Findings</B> – The findings showed that three aspects of innovation capability, namely ideation and organizing structures, participatory leadership culture, and know-how development, has some effect on different aspects of firm performance. Surprisingly, the aspects of innovation capability were found to be more influential to the financial performance than operational performance. <B>Practical implications</B> – The paper contains suggestions for improving performance through developing innovation capability. The paper aims to support practice in two ways. First, organizations can identify aspects of innovation capability that affect operational and financial performance. In that way, organizations can benefit the results by applying these aspects in their everyday operations. Second, the results of the paper may help professionals to begin to understand that leveraging innovation capability may improve an organization's performance. <B>Originality/value</B> – Previous research has often either concentrated on innovation capability as a one dimension without studying the relationship aspect by aspect or studying only the effects of one aspect of innovation capability. The results of the study take one step further by investigating the relationship of multiple aspects of innovation capability and firm performance. Article literatinetwork@emeraldinsight.com (Minna Saunila) Tue, 29 Jul 2014 00:00:00 +0100 Global food safety: determinants are Codex standards and WTO's SPS food safety regulations http://www.emeraldinsight.com/journals.htm?issn=0972-7981&volume=11&issue=2&articleid=17115786&show=abstract http://www.emeraldinsight.com/10.1108/JAMR-01-2013-0007 <strong>Abstract</strong><br /><br /><B>Purpose</B> – The purpose of this paper is to investigate perspective in explaining how global food safety can be created through stringent implementation of Codex and World Trade Organization (WTOs) Sanitary and Phytosanitary food safety regulations and suggests the appropriate food safety system for India. <B>Design/methodology/approach</B> – The study has been deployed a survey questionnaire using a sample of Indian Processed food sector. In order to collect data 1,000 supply chain professional were contacted for seeking their consent to be part of the survey. Whereas total responses collected were 252 from Delhi and NCR, with response rate 25.2 percent. The data collected was empirical tested using descriptive statistics, correlation analysis, regression and ANOVA. <B>Findings</B> – The results and discussions indicate that all the global food safety norms laid down by WTO such as goods manufacturing practices, good hygienic practice, hazard analysis critical control point, has been developed to embody principles of safe food processing sector globally. India has also developed their food safety norms as per laid down principles by WTO. <B>Originality/value</B> – The present research work makes an important contribution to the body of literature on global food safety. The paper has important implications for the processed food sector since it tries to bring out practices which would help in successful implementation of global food safety standards. It is useful for academic food research as well as for processed food corporate. Article literatinetwork@emeraldinsight.com (Rajneesh Mahajan, Suresh Garg, P.B. Sharma) Tue, 29 Jul 2014 00:00:00 +0100 Long-term prior return patterns in stock and sector returns in India http://www.emeraldinsight.com/journals.htm?issn=0972-7981&volume=11&issue=2&articleid=17115787&show=abstract http://www.emeraldinsight.com/10.1108/JAMR-02-2012-0002 <strong>Abstract</strong><br /><br /><B>Purpose</B> – The purpose of this paper is to analyze long-term prior return patterns in stock returns for India. <B>Design/methodology/approach</B> – The methodology involves portfolio generation based on company characteristics and long-term prior return (24-60 months). The characteristic sorted portfolios are then regressed on risk factors using one factor (capital asset pricing model (CAPM)) and multi-factor model (Fama-French (FF) model and four factor model involving three FF factors and an additional sectoral momentum factor). <B>Findings</B> – After controlling for short-term momentum (up to 12 months) as documented by Sehgal and Jain (2011), the authors observe that weak reversals emerge for the sample stocks. The risk model CAPM fails to account for these long-run prior return patterns. FF three-factor model is able to explain long-term prior return patterns in stock returns with the exception of 36-12-12 strategy. The value factor plays an important role while the size factor does not explain cross-section of average returns. Momentum patterns exist in long-term sector returns, which are stronger for long-term portfolio formation periods. Further, the authors construct sector factor and observe that prior returns patterns in stock returns are partially absorbed by this factor. <B>Research limitations/implications</B> – The findings are relevant for investment analysts and portfolio managers who are continuously tracking global markets, including India, in pursuit of extra normal returns. <B>Originality/value</B> – The study contributes to the asset pricing and behavioral literature from emerging markets. Article literatinetwork@emeraldinsight.com (Sanjay Sehgal, Sakshi Jain) Tue, 29 Jul 2014 00:00:00 +0100 Price discovery and volatility spillovers in futures and spot commodity markets: Some Indian evidence http://www.emeraldinsight.com/journals.htm?issn=0972-7981&volume=11&issue=2&articleid=17115788&show=abstract http://www.emeraldinsight.com/10.1108/JAMR-09-2012-0039 <strong>Abstract</strong><br /><br /><B>Purpose</B> – The purpose of this paper is to investigate empirically the price discovery and volatility spillovers in Indian spot-futures commodity markets. <B>Design/methodology/approach</B> – The study has used four futures and spot indices of Multi-Commodity Exchange, Mumbai. The study also employs vector error correction model (VECM) and bivariate exponential Garch model (EGARCH) to analyze the price discovery and volatility spillovers in Indian spot-futures commodity market. <B>Findings</B> – The VECM shows that agriculture future price index (LAGRIFP), energy future price index (LENERGYFP) and aggregate commodity index (LCOMDEXFP) effectively serve the price discovery function in the spot market implying that there is a flow of information from future to spot commodity markets but the reverse causality does not exist. There is no cointegrating relationship between metal future price index (LMETALFP) and metal spot price index (LMETALSP). Besides the bivariate EGARCH model indicates that although the innovations in one market can predict the volatility in another market, the volatility spillovers from future to the spot market are dominant in the case of LENERGY and LCOMDEX index while LAGRISP acts as a source of volatility toward the agri-futures market. <B>Research limitations/implications</B> – The results are aggregate in nature. Further study at disaggregated level will provide further insights on behavior of specific commodity prices and the price discovery process. <B>Originality/value</B> – The paper provides useful information about the evolution and structures of futures commodity trading in India, related literature and relevant methodology concerning the hypotheses. Article literatinetwork@emeraldinsight.com (Mantu Kumar Mahalik, Debashis Acharya, M. Suresh Babu) Tue, 29 Jul 2014 00:00:00 +0100 Foreign direct investment and current account deficit http://www.emeraldinsight.com/journals.htm?issn=0972-7981&volume=11&issue=2&articleid=17115789&show=abstract Editorial literatinetwork@emeraldinsight.com (Surendra S. Yadav and Ravi Shankar) Tue, 29 Jul 2014 00:00:00 +0100