Corporate governance in Indian banks post subprime crisis | Author : Sunaina Kanojia and Sawaliya Priya | Abstract | Full Text | Abstract :This paper attempts to unearth quality of corporate governance practices of Indian Banking sector and highlight whether the corporate governance practices of listed public and private sector banks are symmetric post subprime crisis. The study examines that whether the key corporate governance factors like capital adequacy ratio, board size, number of independent directors and CEO duality affects the performance of banks. In addition to this, the paper goes on to find the essence of shareholding by non-executive directors and the regularity of directors in attending the board meetings. Further, for the perusal of corporate governance practices followed in the Indian banking sector a corporate governance index has been compiled from the data of all listed Indian banks. Moreover, the paper endeavors to exhume any relationship between the educational qualification of directors and its contribution on the banks’ performance, if any. The results provides an insight of the corporate governance structure of Indian banking sector and exhibit that the public and private sector banks have asymmetric corporate governance practices post subprime crisis. The empirical results of multiple regression analysis demonstrate a positive impact of corporate governance factors on Indian bank’s performance. |
| Storytelling in destination brand communication: A qualitative analysis | Author : Mehmet Cihan Yavuz, Muzaffer Sumbul, Nuket Elpeze Ergec, and Cetin I. Derdiyok | Abstract | Full Text | Abstract :Stories help consumers to make sense of the product and/or services in marketing and branding. Especially in tourism, storytelling is an effective channel for destination brand communication. Stories are powerful because they turn myths into tangible consumer experience creators; they provide insights and encourage learning. Tourists have always needed myths-stories with attractive plots and characters to make sense of the tourism destination. So it’s important to have portfolio of attractive, positive stories and effective storytelling channels in destination brand communication for any destination brand. In this paper, certain stories derived from a formerly conducted research about a city destination were investigated. Data were derived from the stories by using qualitative approach based on content analysis. Word counting, classification and labeling techniques were utilized. The analyses yielded plots, themes that were connected with the destination brand. The plots/themes included wide range of linkages reflects positive and/or negative sentiments. Also various attractive characters, places, beliefs, phenomenon, experience etc. were raised related with the destination brand as a result of analyses. After all, “Objects” and “locality” themes put forward. The results have represented a concentrated summary of the meanings subject to able to use in destination brand communication utilizable by tour guides, destination developers, marketers and brand managers. |
| A study of transformational leadership, strategic flexibility, and firm performance: The moderating role of environmental dynamism | Author : Weining Li, Jingyu Zhan, and Yuan Lu | Abstract | Full Text | Abstract :The relationship between leadership behavior and firm performance has always been a focus of academic research. This study offers a theoretical model that examines strategic flexibility as an intermediate mechanism in the relationship between transformational leadership and firm performance. On the basis of the dynamic environment in China, we tested environmental dynamism as a moderator in this relationship, empirically validated our hypotheses. We conducted questionnaire surveys of the senior managers of 328 companies located mainly in Beijing, Shanghai, and Guangdong, and received 210 valid samples. The results show that strategic flexibility has a fully mediating role in the relationship between transformational leadership and firm performance. Moreover, environmental dynamism was found to moderate the relationship between transformational leadership and strategic flexibility, as well as having moderating effects on the relationship between strategic flexibility and firm performance. These conclusions indicate that strategic flexibility and environmental dynamism influence the effect of transformational leadership on firm performance. |
| Restoring the relevance: Conceptualizing a collaboration model for business schools | Author : Obed Rashdi Syed and Rosmini Omar | Abstract | Full Text | Abstract :There are growing debates on practicality of academic services offered by business schools. Recent studies suggest business schools to collaborate with stakeholders to restore the relevance. However, there is eclipse in the literature with reference to collaboration models that generally maps the linkage of business schools with stakeholders. Potential stakeholders of business schools in this study are discussed in two broad segments, namely, primary and secondary stakeholders. Primary stakeholders are students and alumni, and secondary stakeholders are business organizations, non-business organizations and academic institutions. To understand and specify needs and expectations of stakeholders, business schools first need definite mission and vision. Based on that, business schools could identify those stakeholders who they want to serve through academic services. This study attempts to conceptualize a holistic collaboration model that business schools could adapt and proposes method to develop collaborations with potential stakeholders. |
| Marketing strategies for boutique hotels: The case of Istanbul | Author : Füsun Istanbullu Dinçer, Mithat Zeki Dinçer, and Zehra Binnur Avunduk | Abstract | Full Text | Abstract :With the advent of the internet, the rapid development of highly sophisticated information and communication technology (ICT) has had a paramount impact on both consumers and tourism enterprises in the 21stcentury. The fiercely competitive environment of the global tourism market has inevitably encouraged hotel operators to invest more in the latest information technologies (ITs), to give prospective tourists access to lodging information, vacation experiences, and comments about the destinations shared on Social Media (SM) or websites. As a result, hotels, and particularly Boutique Hotel (BH) operators need to closely follow rising tourism trends and harness the newest communication technologies. According to recent research, new tourist profiling shows a preference for small and medium scaled “BH” having a differentiating quality such as in its architectural design, decoration, furnishings, or quality of service. In our study, we will be primarily focusing on the effective marketing strategies that should be considered by BHs, and endeavor to put forth a coherent model for BH owners. Finally, we will perform an elaborate SWOT analysis about the marketing strategies of BHs operating in Istanbul, from which to draw some key recommendations. |
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