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2773 items in total found

Working Papers | 1978

On Constructing a New Series on Corporate Fixed Investment

C Rangarajan and Patel Kirit

In this paper we have attempted to look at the various estimates that are currently available in relation to gross fixed investment in the corporate sector. These various estimates differ considerably among themselves not only in absolute amount but also in terms of year to year changes. Using the sample data provided by the Reserve Bank of India on the finances of public and private limited companies we have constructed a new series on corporate investment. We first estimated a series of total paid up capital in relation to public and private limited companies. These gave us the blow up factors to be used on the sample data. There is no reason to claim that our estimates are superior or better. However, we have in this paper brought out explicitly all the assumptions made in arriving at the estimates. Our study indicates very clearly that unless one is able to construct a reasonably reliable series on paid up capital of public and private limited companies, differences will continue to exist among the series provided by the different agencies as the estimates of gross fixed assets and therefore of gross fixed investment are extremely sensitive to the blow up factors used.

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Working Papers | 1978

Productivity in Public Sector Enterprises - Identification of Problem Areas

Korgaonkar M G

This paper aims to identify principal problem areas for research on Productivity in Public Sector Enterprises (PSEs). A brief review of the existing research in the field is provided, along with a critical appraisal. Stemming from this, areas for further investigation are identified.

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Working Papers | 1978

Productivity Trends in Public Sector Enterprises

Korgaonkar M G

This paper presents results of the second part of the study on Productivity in Public Sector Enterprises (PSEs). The aim is to determine trends of productivity in PSEs. The study period covers the years 1965-66 to 1976-77. It also reflects the period since the inception of BPE. Several hypotheses are tested concerning productivity trends within specific industry groups and between industry groups. The statistical model considered most appropriate for the trend analysis is the "Analysis of Covariance (ANACOVA)' model. Method of Linear Contrasts is used for hypothesis testing concerning differences between mean productivities.

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Working Papers | 1978

Effectiveness of Productivity Ratio as Determinant of Financial Performance of PSEs

Korgaonkar M G

The paper presents results of the third part of the study on Productivity in PSEs. Productivity has often been talked about and examined in the context of Physical Performance of an Enterprise. Invariably, however, it has seldom figured in evaluation of financial performance of PSE. The aim of present investigation was to determine effectiveness of productivity as an indicator of financial performance. A multiple discriminant analysis (MDA) approach is used for the investigation, using several financial performance ratios and productivity ratio as variables. Most recent annual reports of PSEs available at the time of study, are used for the investigation.

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Working Papers | 1978

Enterprise Level Factors Influencing Productivity in PSEs

Korgaonkar M G

The paper presents results of the fourth part of the study on Productivity in PSEs. The aim is to identify enterprise level factors which significantly affect productivity in PSEs. The factors relate to the aggregate physical performance of various activities such as manufacturing, sales, material consumption, factory cost control, etc. Data available for manufacturing enterprises is used for the investigation and the statistical model used for the analysis is multivariate technique of 'multiple regression'.

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Working Papers | 1978

Economic Benefits of Public Housing - A Case Study of Ahmedabad City

Dholakia Bakul H

Empirical investigation of the economic benefits of public housing in India has largely remained a relatively unexplored field of research. The present study tires to make a small contribution towards filling this crucial gap in our understanding of the economics of housing in India by presenting the findings of a sample survey relating to economic benefits of public housing in Ahmedabad city. The study is based on the primary data on 298 households in Ahmedabad city. It examines the effect of public housing on household saving, average productivity of the household, average household income, household size level of education and general housing conditions.

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Working Papers | 1978

Perception of Computers in the Indian Industry: A Study of Image and Attitudes in Two Textile Mills

Pareek Udai and Ghose Amitabha

This is an exploratory study to develop a scale to measure attitude towards computers and test some hypotheses about relationship between some background factors and personality variables with perception of and attitude towards computers. Data were collected only from two units. Since there was no difference in the trend, pooled data have been analysed. Perception of computers was studied by using two methods. Preferred areas of the use of computers and reasons for non-use of computers were also studied. No relationship was found between personality factors and perception of and attitude towards computers, excepting in the case of some aspects of self-disclosure and ambiguity tolerance.

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Working Papers | 1978

Marketing Research and the Regional Languages Problem

Mehta Subhash C and Parikh Jayshree S

Marketing research studies in India, particularly those based on consumer surveys, which extend data collection beyond a particular linguistic region, confront a serious problem of language comparability in the questionnaires if they are meant for administration to populations using different languages. The questionnaires are often developed in the English language and then are translated into appropriate language versions. All the data is put together without recognising the extent of measurement differences arising out of "language effect". The present paper provides an empirical test of this hypothesis. Consumer ratings of an advertisement was used as a situation in this study. A total of 130 words or phrases were used to represent 7 different dimensions on which an advertisement can be rated, namely, vigour, sensuousness, uniqueness, credibility, information content, irritativeness (or its reverse, attractiveness) and personal relevance. All these words were translated into a regional language and sample of 100 consumers was asked to rate the ad on these words first in one language and later in the other. It was hypothesised that the ratings in the two languages on any word should have equal means, high corelations and should produce comparable distributions. The hypotheses were statistically tested through analysis of variance Kolmogorov-Smirnov test for ranked categories and test of corelations. The results of this study are quite conclusive and indicate that nearly 50% of the words failed to produce a similar ratings at least on one of the three criteria when ratings in the regional language were compared with their English version. The study thus clearly establishes that the language effect seems to seriously affect the data collection process in market surveys and unless adequate care is taken in translations to make sure that resulting data would be comparable, a confounding in the result occurs without the researcher realising the magnitude of such confounding. This study recommends a serious pretesting of the translated versions of questionnaires and the use of play-back technique for reducing such confounding.

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Working Papers | 1978

Full Information Based Composite Indices - A Better Alternative to Principal Components

Misra P N

The problem of constructing composite indices has most often been tackled by using principal components in several disciplines. The approach, however, has some vital weaknesses. The paper suggests a method of constructing composite indices based upon full information contained in the data set. The method is also free from major defects of the method of principal components. The proposed method is amenable to simple statistical tests and provides a natural extension of the concept of centroid to statistically dependent constituent variables. The method is definitely a better substitute of the methods of principal components and factor analysis.

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Working Papers | 1978

Wage Structure in Consumer Goods and Capital Goods Industries in India

Dholakia Bakul H

An attempt has been made in this paper to examine the wage structure in consumer goods industries in relation to that in capital goods industries in the light of the two major hypotheses, viz., 'the expected ability to pay hypothesis' and 'the technology hypothesis' which constitute the basic theoretical framework for explaining the inter-industry wage differentials in the manufacturing sector. The analysis is based on the cross-section data relating to the industries classified at the three-digit level of aggregation available from ASI 1975-76. The main findings of the study are: (a) There are significant differences in the inter-industry wage structure between the capital goods industries and the consumer goods industries in Indian manufacturing sector. On an average, wage rate in the consumer goods industries is lower than the wage rate in the capital goods industries and the former shows a much greater degree of absolute as well as relative wage differentials as compared to the latter; and (b) The inter-industry wage structure in capital goods industries is explained primarily by the corresponding inter-industry differences in the expected ability to pay, whereas the inter-industry wage structure in consumer goods industries is influenced also by the existing inter-industry differences in technological levels.

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