Vol. 6(8) August 2013
Knowledge Management for the Oil and Gas Industry
– Opportunities and Challenges
Ramanigopal C.
In the current era of knowledge-driven society, knowledge
becomes the most critical success factor in the current business environment. It
needs to be handled and utilized effectively and efficiently to compete in the global
market by creating a sustainable competitive advantage for the organisation. A technology-driven
organisation needs to leverage knowledge management process to be effective and
competitive, where professional can play an important role while managing the knowledge
to handle the challenges comfortably. But the ability of handling cannot be inculcated
within a day like technology; it is culture to be cultivated since a long time through
experts and their experience they gained practices. The Oil and Gas industry has
seen massive changes in the recent years influencing all its sectors, including
searching, production, drilling and refining which in turn has great effects on
their market and marketing strategies, production strategies and research and development
strategies. These changes can only be achieved through effective knowledge management,
covering both knowledge production or generation and knowledge sharing or transformation
and distribution. That is not the issue today, where making the most of an oil field
is a knowledgeintensive affair involving expertise in engineering, earth science
and facilities maintenance.
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Impact of Foreign Direct Investment on Indian Economy
Rangappa E.
Investment provides the base and pre-requisite for economic
growth and development. Apart from a nation’s foreign exchange reserves, exports,
government’s revenue, financial position, available supply of domestic savings,
magnitude and quality of foreign investment are necessary for the well being of
a country. Developing nations, in particular, consider FDI as the safest type of
international capital flows out of all the available sources of external finance
available to them. FDI provides a win – win situation to the host and the home countries.
Both countries are directly interested in inviting FDI because they benefit a lot
from such type of investment. There is a considerable change in the attitude of
both the developing and developed countries towards FDI. They both consider FDI
as the most suitable form of external finance. FDI is a predominant and vital factor
in influencing the contemporary process of global economic development. This study
is entirely based on secondary data. The present study is limited to assess the
determinants of Foreign Direct Investment flows and its impact on Indian economy.
It is concluded that the Government should design the FDI policy in such a way where
FDI inflows can be utilized as means of enhancing domestic production, savings and
exports through the equitable distribution among states so that they can attract
FDI inflows at their own level. FDI can help to raise the output, production and
export at the sectoral level of the Indian economy. It is advisable to open up the
export oriented sectors and higher growth of economy could be achieved through the
growth of these sectors.
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An Empirical Analysis on Long Term and Short Term
Relationship between the Spot and Future Prices of India Crude Oil Market
Purushothaman S.* and Velmurugan P.S.
The present study is to test for the existence long term
and short term relationships between Spot and future of crude oil prices from India
(MCX). The crude oil spot and future price is collected. 2018 observations are collected
from Multi Commodity Exchange (MCX) from 29th April 2005 to 31st December 2011.
In the study we used Johansen cointegration and Vector error correction model (VECM)
respectively. The first step in the analysis is stationarity of spot and future
prices of crude oil through unit root test ADF and PP test. Two variables are stationary
at 1st difference. Based on the Johansen co-integration and Vector error correction
model (VECM), the price discovery is achieved from the both the market and has long
term and short term relationship between them at 1%, 5% level of significance.
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Socio-Economic and Environmental Impact Assessment:
A Study of Pharmaceutical Industry in Sikkim
Mishra Manjushree* and Jha Ajeya
From the literature survey we find that Industrialization
in general and pharmaceutical industry in particular have invited attention of several
researchers all over the world because of their socio-economic and environ-mental
impact. Also, the post 1991 economic scenario in which India embraced Globalization,
Liberalization and Privatization is of critical interest for researchers due to
its far-reaching impact on the socio-economic and environmental aspects. Sikkim
has remained largely untouched from any such scholarly scrutiny. Further, Sikkim,
being one of the youngest states (having attained statehood as recently as 1975)
offers interesting and important case study in this respect. This is also because
Sikkim was largely an agricultural economy till now after attaining statehood. Its
tryst with industrialization is in its nascence. Arrival of over 25 large pharmaceutical
plants in such a small mountainous state is a unique phenomenon that justifies a
critical look into it.
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The Effect of Subsidiary-Specific Capabilities on
Performance in the Korean Market
Kwon Yung-Chul
This paper examines the importance of the foreign subsidiaries’
initiatives on their survival and growth in host countries. More specifically, we
have analyzed the influence of subsidiary-specific capabilities in terms of business
performance. The analysis has been conducted for 127 foreign subsidiaries located
in Korea. The result shows that subsidiary-specific capabilities, including innovation
and networking capabilities, have positive influences on business performance. The
research is expected to contribute to developing a mechanism to enable the sustained
growth of foreign subsidiaries in host countries.
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Macroeconomic Variables on Stock Market Interactions:
The Indian Experience
Sangmi Mohi-u-Din and Hassan Mohd. Mubasher*
To examine the effect of macroeconomic variables on the
stock price movement in Indian Stock Market, six variables of macro-economy (inflation,
exchange rate, Industrial production, Money Supply, Gold price, interest rate) are
used as independent variables. Sensex, Nifty and BSE 100 are indicated as dependent
variable. The monthly time series data are gathered from RBI handbook over the period
of April 2008 to June 2012. Multiple regression analysis is applied in this paper
to construct a quantitative model showing the relationship between macroeconomics
and stock price. The result of this paper indicates that significant relationship
occurred between macroeconomics variables and stock price in India.
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Role of Pay as Perceived Organizational Support Contributes
to Employee’s Organizational Commitment
Nitesh S.1*, NandaKumar V.M.2 and Asok Kumar S.3
This study investigated the relationships among employees’
pay and perceived organizational support (POS), employees’ organizational commitment
(OC) and employee turnover. The study conducted among 200 employees drawn from various
five-star hotels shows that pay was positively, related to temporal change in POS,
suggesting that it leads to POS. The next study establishes that POS is positively
related to the OC. Similarly the third study establishes that POS facilitates a
negative relationship between OC and voluntary employee turnover. These studies
suggest that the pay identified with the organization contributes to POS and ultimately
to OC and job retention.
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Empirical study on Impact of NIFTY Price to Earnings,
NIFTY Price to Book Value, NIFTY Dividend Yield on NIFTY for the years from 1st
January 2001 to 31st March 2013
Yadav Shailaja
Impact of NIFTY Price to Earnings ratio (P/E), NIFTY
Price to Book Value ratio (P/B), NIFTY Dividend Yield ratio has been of considerable
interest since last decade. This study tests the impact of NIFTY Price to Earnings
ratio, NIFTY Price to Book Value ratio and NIFTY Dividend Yield ratio on National
Stock Exchange’s index i.e. NIFTY closing prices during the period of 1st January
2001 to 31st March 2013. Data was analyzed using inferential statistics i.e. Karl
Pearson’s Correlation Coefficient Regression for this study. Findings revealed that
closing Price of NIFTY has positive correlation between both i.e. NIFTY Price to
Earnings ratio and NIFTY Price to Book Value ratio. Whereas closing price of NIFTY
shows negative correlation with NIFTY Dividend Yield ratio, NIFTY Price to Earnings
ratio and NIFTY Price to Book Value ratio show positive correlation with each other,
whereas NIFTY Dividend Yield ratio show negative correlation with both NIFTY Price
to Earnings ratio and NIFTY Price to Book Value ratio. Regression study reveals
that NIFTY Price to Earnings ratio, NIFTY Price to Book Value ratio and NIFTY Dividend
Yield ratio has an impact on NIFTY returns. NIFTY Price to Earnings ratio and NIFTY
Price to Book Value ratio have positive impact on NIFTY returns whereas NIFTY Dividend
Yield ratio has negative impact on NIFTY closing prices.
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