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Article
Publication date: 16 May 2024

Prateek Gupta, Shivansh Singh, Renu Ghosh, Sanjeev Kumar and Chirag Jain

The purpose of this study is to comprehensively analyse and compare equity crowdfunding (ECF) regulations across 26 countries, shedding light on the diverse regulatory frameworks…

Abstract

Purpose

The purpose of this study is to comprehensively analyse and compare equity crowdfunding (ECF) regulations across 26 countries, shedding light on the diverse regulatory frameworks, investor and issuer limits and the evolution of ECF globally. By addressing this research gap and providing consolidated insights, the study aims to inform policymakers, researchers and entrepreneurs about the regulatory landscape of ECF, fostering a deeper understanding of its potential and challenges in various economies. Ultimately, the study contributes to the advancement of ECF as an alternative financing method for small and medium enterprises (SMEs) and startups, empowering them to access much-needed capital for growth.

Design/methodology/approach

The study used the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) model for a systematic literature review on global ECF regulations. Starting with 74 initial articles from Web of Sciences and Scopus databases, duplicates were removed and language criteria applied, leaving 42 articles. After a thorough full-text screening, 20 articles were excluded, resulting in the review of 22 papers from 2016 to 2022. PRISMA’s structured framework enhances the quality of systematic reviews, ensuring transparency and accessibility of findings for various stakeholders, including researchers, practitioners and policymakers, in the field of ECF regulations.

Findings

This study examines ECF regulations across various countries. Notably, the UK has advanced regulations, while the USA adopted them later through the Jumpstart Our Business Startups Act. Canada regulates at the provincial level. Malaysia and China were early adopters in Asia, but Hong Kong, Japan, Israel and India have bans. Turkey introduced regulations in 2019. New Zealand and Australia enacted laws, with Australia referring to it as “crowd-sourced equity funding”. Italy, Austria, France, Germany and Belgium have established regulations in Europe. These regulations vary in investor and issuer limits, disclosure requirements and anti-corruption measures, impacting the growth of ECF markets.

Research limitations/implications

This study’s findings underscore the diverse regulatory landscape governing ECF worldwide. It reveals that regulatory approaches vary from liberal to protectionist, reflecting each country’s unique economic and political context. The implications of this research highlight the need for cross-country analysis to inform practical implementation and the effectiveness of emerging ECF ecosystems. This knowledge can inspire regulatory adjustments, support startups and foster entrepreneurial growth in emerging economies, ultimately reshaping early-stage funding for new-age startups and SMEs on a global scale.

Originality/value

This study’s originality lies in its comprehensive analysis of ECF regulations across 26 diverse countries, shedding light on the intricate interplay between regulatory frameworks and a nation’s political-economic landscape. By delving into the nuanced variations in investor limits, investment types and regulatory strategies, it unveils the multifaceted nature of ECF regulation globally. Furthermore, this research adds value by comparing divergent perspectives on investment constraints and offering an understanding of their impact on ECF efficacy. Ultimately, the study’s unique contribution lies in its potential to inform practical implementation, shape legislative frameworks and catalyse entrepreneurial ecosystems in emerging economies, propelling the evolution of early-stage funding practices.

Details

Journal of Financial Regulation and Compliance, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1358-1988

Keywords

Article
Publication date: 30 June 2020

Byomakesh Dash, Renu Sharma and Bidyadhar Subudhi

A cascaded observer-based transfer delay frequency locked loop (CODFLL) algorithm is developed to control the distribution static compensator (DSTATCOM) to address various power…

Abstract

Purpose

A cascaded observer-based transfer delay frequency locked loop (CODFLL) algorithm is developed to control the distribution static compensator (DSTATCOM) to address various power quality (PQ) issues arise because of distorted grid and load conditions. Moreover, frequency locked loop is included along with the observer to take care of the frequency drift from nominal value and to improve its performance during steady state and transient conditions. During daylight, the proposed system works as photovoltaic (PV) DSTATCOM and performs multiple functions for improving PQ whilst transferring power to grid and load. The system under consideration acts as DSTATCOM during night and bad weather condition to nullify the PQ issues.

Design/methodology/approach

CODFLL control algorithm generates reference signal for hysteresis controller. This reference signal is compared with an actual grid signal and a gate pulse is produced for a voltage source converter. The system is made frequency adaptive by transfer delay adaptive frequency locked loop (FLL). Peak power is extracted from a PV source using the perturb and observe technique irrespective of disturbances encountered in the system.

Findings

The PV system’s performance with the proposed controller is studied and compared with conventional control algorithms such as least mean fourth (LMF), improved second-order generalized integrator frequency locked loop (ISOGI-FLL), synchronous reference frame phased lock loop (SRF-PLL) and frequency adaptive disturbance observer (DOB) for different cases, for example, steady-state condition, dynamic condition, variable insolation, voltage sag and swell and frequency wandering in the supply side. It is found that the proposed method tracks the frequency variation faster as compared to ISOGI-FLL without any oscillations. During unbalanced loading conditions, CODFLL exhibits zero oscillations. Harmonics in system parameters are reduced to the level of IEEE standard; unity power factor is maintained at the grid side; hassle-free power flow takes place from the source to the grid and load; and consistent voltage profile is maintained at the coupling point.

Originality/value

CODFLL control algorithm is developed for PV-DSTATCOM systems to generate a reference grid current.

Article
Publication date: 1 November 2023

Hardeep Chahal and Renu Bala

The purpose of this study is to revisit brand performance metrics (BPMs) (brand affinity, brand content and knowledge, brand image, brand ethics and brand value) and evaluate the…

Abstract

Purpose

The purpose of this study is to revisit brand performance metrics (BPMs) (brand affinity, brand content and knowledge, brand image, brand ethics and brand value) and evaluate the moderated mediation effect of relationship quality (mediator) and relationship duration (moderator) in brand performance and customer loyalty relationship in an Indian banking context.

Design/methodology/approach

The research model was tested in the Indian banking sector. The primary data was collected from the 1,000 account holders of five Indian public and private banks. The data was analysed and validated using exploratory factor analysis and confirmatory factor analysis. Structural equation modelling and the Hayes process were used for testing the hypotheses.

Findings

The study results established BPMs as a four-dimensional structure comprising brand affinity, brand content and knowledge, brand image, brand ethics and brand value. The BPMs significantly positively impact relational quality (RQ) and customer loyalty. Further results also prove the existence of moderated mediation effect on BPMs and customer loyalty link and portray that the impact of BPMs on customer loyalty is mediated by the RQ and influenced by relationship duration.

Research limitations/implications

The study is confined to the Indian banking sector. It did not examine the dimension-wise impact of brand performance indicators on RQ and customer loyalty. Future research is required to explore their influence in banking and other sectors.

Practical implications

The study findings suggest that to enhance brand performance, banks need to follow excellence in every conduct, take immediate actions against inappropriate behaviour, consistently update their relevant and valuable contents (news, videos, white papers, e-books, case studies, FAQ’s, photos, etc.) on their websites and also introduce loyalty schemes to reimburse customers’ interests with some substantial benefits such as rebates, discounts, annual gifts and extraordinary or additional services. These strategies can pave the way for enhancing long-term quality relationships between customers and their service providers and increasing customer loyalty.

Originality/value

To the best of the authors’ knowledge, the study is a maiden attempt to assess the effect of BPMs on customer loyalty in the presence of RQ and at the value of relationship duration/length. Besides, the study results also prove the existence of moderated mediation effect and portray that the impact of customer equity and relational benefits on customer loyalty is influenced by relationship duration and mediated by RQ.

Details

Journal of Indian Business Research, vol. 16 no. 2
Type: Research Article
ISSN: 1755-4195

Keywords

Book part
Publication date: 2 September 2014

V. Kumar, Nita Umashankar and Insu Park

Retail marketing is in the midst of an evolution. The paradigm is shifting from a product-centric to a consumer-centric focus, with a particular emphasis on understanding how…

Abstract

Retail marketing is in the midst of an evolution. The paradigm is shifting from a product-centric to a consumer-centric focus, with a particular emphasis on understanding how consumers transition from harboring an interest in a product to actually purchasing that product. In response, shopper marketing, and in-store marketing (ISM) in particular, have emerged as important mechanisms to influence shopper behavior in brick & mortar and online retail environments. The academic literature is replete with work on what factors of ISM influence shopper behavior. In this chapter, we categorize prominent streams of findings on ISM into firm, customer, competitor and product characteristics of ISM and examine how the notion of a “store” is evolving from bricks to clicks – namely from physical formats to online shopping experiences. Insights from this chapter will help retailers and store managers identify what their customers respond to within a physical store, how technology is changing the way they can capture information on customers, and how shopper behavior is evolving in response to brick & mortar and online retail environments.

Details

Shopper Marketing and the Role of In-Store Marketing
Type: Book
ISBN: 978-1-78441-001-8

Keywords

Article
Publication date: 16 May 2013

Umesh Kumar Bamel, Santosh Rangnekar, Peter Stokes and Renu Rastogi

Research on organizational climate has shown a significant upward trend in the recent past. The purpose of the present study is to propose a conceptual model that empirically…

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Abstract

Purpose

Research on organizational climate has shown a significant upward trend in the recent past. The purpose of the present study is to propose a conceptual model that empirically examines the relationship of dimensions of organizational climate with managerial effectiveness in Indian organizations.

Design/methodology/approach

A data set of 245 managers/executives was collected from Indian organizations through a survey instrument. The collected responses were subsequently tested by using structural equation modeling (SEM). Further, the hypothesized model was tested by employing five stages of hierarchical multiple regressions.

Findings

The findings suggest that organizational climate dimensions, i.e. organizational process, altruistic behaviour, role clarity and communication, results‐rewards orientation and certain aspects of interpersonal relationships play a significant role in increasing managerial effectiveness.

Research limitations/implications

The results indicate ways in which organizations might develop supportive climates in order to reinforce effectiveness of the organizational members.

Originality/value

The role of organizational climate in employee effectiveness is currently under‐researched in the Indian context. The present study is an earnest effort in this direction to analyse the link between organizational climate and managerial effectiveness.

Details

International Journal of Organizational Analysis, vol. 21 no. 2
Type: Research Article
ISSN: 1934-8835

Keywords

Article
Publication date: 1 March 2019

Aakanksha Kataria, Pooja Garg and Renu Rastogi

The purpose of this paper is to explore the relationship between high-performance HR practices (HPHRPs), psychological climate (PC), work engagement (WE) and organizational…

1040

Abstract

Purpose

The purpose of this paper is to explore the relationship between high-performance HR practices (HPHRPs), psychological climate (PC), work engagement (WE) and organizational citizenship behaviors (OCBs) among IT professionals. This study further intends to provide a framework to understand and predict factors affecting organizational citizenship performance in the Indian IT sector.

Design/methodology/approach

The analysis is based on a sample of 464 IT employees working in 29 information-intensive global organizations, and the statistical method employed is structural equation modeling.

Findings

The results of the present study demonstrated the significance of employees’ perceptions of PC through which HPHRPs can boost employees’ WE, which, in turn, has come out to be the principal mechanism through which HPHRPs and PC have impact on OCBs.

Research limitations/implications

The results have established a platform where HR managers can be motivated to open up new avenues to employees where they can be psychologically involved in work roles and feel highly motivated to bring their good spirits at the workplace in order to benefit the organization at large.

Originality/value

This research explores the changing dynamics of Indian business scenario in the IT context. IT professionals may perceive and react differently to the HR system in the organization and have higher expectations of congenial working conditions that enhance their capability to employ personal skills and resources in the realization of organizational goals. Thus, the study tries to tap their experiences and perceptions and map their performances in the organization.

Details

International Journal of Productivity and Performance Management, vol. 68 no. 6
Type: Research Article
ISSN: 1741-0401

Keywords

Open Access
Article
Publication date: 23 November 2023

Muhammad Saiful Islam

After the fall of Burma on 10 March 1942 the British government extensively implemented scorched-earth policies in Bengal like denial of rice and boats. The British government had…

Abstract

Purpose

After the fall of Burma on 10 March 1942 the British government extensively implemented scorched-earth policies in Bengal like denial of rice and boats. The British government had inadequate defense equipment to resist Japanese attack in Bengal. After the Japanese invasion supply of Burmese rice suddenly stopped. Faridpur district used to import rice from Burma. The Burmese conquest created an immediate and serious crisis for several rice imported districts and coastal districts of Bengal. Hence, none of the districts of East Bengal could escape its brutal clutches and severity recorded in Chittagong, Dhaka, Faridpur, Tripura, Noakhali, Bakargonj and so on.

Design/methodology/approach

Among the affected districts of Bengal, Faridpur has been chosen as study area due to severity of famine. This study addresses the famine scenario of Faridpur. Data has been collected from primary and secondary sources. Content Analysis Research method is used to test reliability and validity of the data. Historical Analysis Research method has been followed in this study.

Findings

Finding of the study shows that the government relief issues, ignorance of warnings, political nepotism and denial policy of British government intensified the famine of Faridpur district. The wartime tactics adopted by the colonial government aggravated the famine situation. This article has shed light on the government war time policy, activity and some impacts of British decline in Burma that fueled the famine in Faridpur district.

Originality/value

This study is my original research work and has not been published else where.

Details

Southeast Asia: A Multidisciplinary Journal, vol. 24 no. 1
Type: Research Article
ISSN: 1819-5091

Keywords

Article
Publication date: 5 April 2023

Mahipal Singh, Rekha Goyat and Renu Panwar

At the present time, Industry 4.0 has proven its effectiveness and significance in automation and data exchange within industries across different sectors worldwide. In the…

670

Abstract

Purpose

At the present time, Industry 4.0 has proven its effectiveness and significance in automation and data exchange within industries across different sectors worldwide. In the current literature, there is still a lack of research on adopting Industry 4.0 in the manufacturing setting in developing economies. The main purpose of the present study is to explore the fundamental pillars and framework for ease of adoption of Industry 4.0 in manufacturing environments, along with highlighting the benefits and challenges.

Design/methodology/approach

In this study, a systematic literature review has been conducted through protocol, search, appraisal, synthesis, analysis, report (PSALSAR) model. In the literature, the articles are included within time span of 2008–2022, consisting keywords like Industry 4.0, blockchain, machine learning, artificial intelligence, Internet of Things, 3D printing, big data analytics, etc. Based on available literature, conceptual implementation framework of Industry 4.0 is proposed.

Findings

This study explored the key ingredients that play an essential role to bridge the gap and construct a strong relationship among physical and cyber world. The results reveals that the emerging technologies such as IoT, blockchain, artificial intelligence, augmented reality, 3D printing, big-data analytics, cloud-computing join hands to accomplish success in Industry 4.0 by reducing human interference for effective and efficient systems. In addition, the study also explored the possible benefits of emerging technologies with challenges faced by manufacturing setting during adaptation of Industry 4.0.

Originality/value

As per the authors' best knowledge, no research articles are found in literature which explore various emerging technologies in Industry 4.0 with its implementation framework in the manufacturing setting in developing economies. The main focus of the present study is to discover the literature review in defined area and find the research gap among current scenario and future trend for execution of Industry 4.0 in manufacturing environment.

Details

The TQM Journal, vol. 36 no. 1
Type: Research Article
ISSN: 1754-2731

Keywords

Article
Publication date: 18 October 2011

Renu Agarwal and Willem Selen

Innovation in services is thought to be multi‐dimensional in nature, and in this context the purpose of this paper is to present and operationalise the concept of “elevated…

4023

Abstract

Purpose

Innovation in services is thought to be multi‐dimensional in nature, and in this context the purpose of this paper is to present and operationalise the concept of “elevated service offerings” (ESO) in collaborating service organisations. ESO stands for new or enhanced service offerings which can only be eventuated as a result of partnering, and which could not be delivered on individual organisational merit. ESO helps us expand our understanding of service innovation to include a service network or service system's dimension.

Design/methodology/approach

A structural equation model is specified and estimated based on constructs and relationships grounded in the literature, as well as self‐developed constructs, using empirical data from 449 respondents in an Australian telecommunications service provider (SP) and its partnering organisations.

Findings

Results show that ESO is a multi‐dimensional construct which was operationalised and validated through an extensive literature review, exploratory factor analysis, confirmatory factor analysis, and structural equation modelling using a holdout sample.

Research limitations/implications

Qualitative and empirical data analysis was undertaken with data collected from a single large telecommunications SP organisation, and its partnering organisations. Future research may seek to collect data from the entire telecommunications industry sector and their partnering organisations, across other service sectors, or even any other organisation where collaboration is pivotal to their success.

Practical implications

Service organisations today need to understand that innovation in services is not just about process or product innovation, or even performance and productivity improvements, but in fact includes organisational forms of innovation. Indeed, the interactions and complementarities between the three different aspects of ESO – strategic, productivity, and performance – highlight the increasing complex and multi‐dimensional character of innovation and the ongoing iterative process.

Originality/value

This research provides empirical evidence for the existence of a multi‐dimensional innovation in services construct – known as elevated service offerings in a collaborative service network, along with an adapted definition of service and a service innovation model.

Article
Publication date: 8 October 2018

Monika, Sadia Chishty and Nimali Singh

The purpose of the study was to assess the nutritional and health status of Saharia and non-Saharia women.

Abstract

Purpose

The purpose of the study was to assess the nutritional and health status of Saharia and non-Saharia women.

Design/methodology/approach

The present study was undertaken to compare the nutritional status of Saharia versus non-Saharia women in Baran district, Rajasthan. The sample comprised married non-pregnant and non-lactating (NPNL) women (aged 18-35 years) from three groups, that is, Saharia (n = 100), non-Saharia (Meena tribe, n = 100) and general category (n = 30). The general category women, or reference group, were selected as the control group belonging to the same region. The data included general profile, physical measurement, biochemical hemoglobin estimation, dietary and nutrient intake assessment.

Findings

The mean hemoglobin value in Saharia (8.3 ± 1.4 g/dl) and Meena (8.1 ± 1.4 g/dl) women was found to be significantly lower (p < 0.01 at 99 per cent confidence level) than that of the reference group (9.5 ± 1.4 g/dl) and much below the standard value of 12 g/dl. Chronic energy deficiency (BMI < 18.5) was more prevalent in Saharia women (68 per cent) followed by Meena (∼24 per cent) than reference women (7 per cent). Only 29 per cent Saharia women were under normal BMI and majority of the reference group women (77 per cent) and Meena women (72 per cent) had normal BMI (18.5-24). Nutrient and dietary intake of both the tribal women groups were low when compared with suggested levels. In Saharia and Meena women, magnesium and thiamine were significantly higher (p < 0.01) and other nutrients were significantly lower (p < 0.01) than recommended dietary allowances.

Originality/value

Anemia is prevalent in all categories of women. Women’s health is poor especially among Saharia women who are still striving hard to meet the national health standards. A multidimensional approach is required to uplift the health status. Hemoglobin levels of all the women were found to be very low.

Details

Nutrition & Food Science, vol. 48 no. 6
Type: Research Article
ISSN: 0034-6659

Keywords

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