Papers by Vijay Kumar Shrotryia
Human well-being research and policy making, Nov 9, 2019
International journal of business and economics, 2021
The current study empirically investigates sector-wide flock activity for the S&P BSE 500 stocks ... more The current study empirically investigates sector-wide flock activity for the S&P BSE 500 stocks over 8 years spanning from October 2010 till September 2018. Drawing on absolute deviation model by Chang et al. (2000), the present analysis tends to unravel the curvilinear relationship between consensus return and dispersion via Ordinary Least Squares and Quantile Regression approaches. Using conventional regression, a nonexistent herd hunch is inferred under both normal and asymmetric scenarios. However, the examination of distribution tails discovers herding in auto and engineering sector during bull markets and healthcare sector during bearish conditions. However, the two crises namely the oil crisis of 2014 and the Chinese crash of 2015 subject the Indian bourse to mimicking behavior. This may be a matter of concern for the policy makers as the evidences reflect on the unstable nature of the S&P BSE 500 index and the Indian stock market as a whole. Therefore, the regulatory bodies have to make consistent efforts to bridge the informational distance between various classes of investors and corporate houses to ensure more transparent and honest practices so that investors can make informed and better decisions. Finally, the investors may resort to active trading rules during turbulence to earn more than what market warrants.
International journal of happiness and development, 2023
Ramanujan International Journal of Business and Research, 2021
The measures of Quality of life are very similar to the measures of happiness for the people. The... more The measures of Quality of life are very similar to the measures of happiness for the people. The objective of the present study is to find out the variations in the different measures between the year 2000 and 2005. The first survey was conducted in the year 2000-2001 on the residents (n=406) of Trashigang town and Phongmey gewog and a follow up study was carried out at the same places (n=330) during 2005-2006. The sample includes farmers, government employees, business owners, priests, and housewives. The study compares the variations on the opinions as to the importance of certain factors (neighourhood, spiritual activities, respecting others, relationship with local authorities, awareness of local laws, TV, newspapers and radio, family planning measures and environment protection) and the satisfaction level as to these factors The satisfaction level gauged on the 5 point Likert scale (1 being Very Satisfied and 5 being very dissatisfied) on the factors like development plan, education and medical facilities, transport, sanitation and water, police services, electricity etc. is studied to find out the shift during the given period. It is found through the study that the satisfaction level is going down over time which questions the general hypothesis that with the improvements in the facilities and services (electricity, water, sanitation, transport, public utilities etc) the satisfaction level should also improve. The paper discusses the issues involved in quality of life viz-a-viz happiness with the help of available literature as well as the policy documents of the government of Bhutan.
Review of Behavioral Finance, 2021
PurposeWith the unprecedented growth of digitalization across the globe, a new asset class, that ... more PurposeWith the unprecedented growth of digitalization across the globe, a new asset class, that is cryptocurrency, has emerged to attract investors of all stripe. The novelty of this newly emerged asset class has led researchers to gauge anomalous trade patterns and behavioural fallacies in the crypto market. Therefore, the present study aims to examine the herd behaviour in a newly evolved cryptocurrency market during normal, skewed, Bitcoin bubble and COVID-19 phases. It, then, investigates the significance of Bitcoin in driving herding bias in the market. Finally, the study gauges herding contagion between the crypto market and stock markets.Design/methodology/approachThe study employs daily closing prices of cryptocurrencies and relevant stocks of S&P 500 (USA), S&P BSE Sensex (Index) and MERVAL (Argentina) indices for a period spanning from June 2015 to May 2020. Quantile regression specifications of Chang et al.’s (2000) absolute deviation method have been used to locate herd...
Human Well-Being Research and Policy Making, 2019
This chapter discusses major policy interventions implemented by the respective states and major ... more This chapter discusses major policy interventions implemented by the respective states and major international non-governmental organizations to promote quality of life and well-being for the people of South Asia. These substantial efforts are continuing into the present era with considerable levels of success. Taken together, these multilateral initiatives are strengthening the region’s economic progress and development, especially with respect to both national per capita and GDP. Both outcomes have significant poverty implications in world regions that have historically been characterized by alarmingly high levels of financial poverty and human deprivation. GDP share spent on education and health by each country of the region and its trend over time is discussed for comparison purpose. Major initiatives taken to improve education and health standards by South Asian governments, international agencies, and NGOs are reported to gain a better understanding of regional priorities. The...
Qualitative Research in Organizations and Management: An International Journal, 2020
PurposeToday, corporate sustainability is at a tipping point. With average lifespan of organizati... more PurposeToday, corporate sustainability is at a tipping point. With average lifespan of organizations shrinking, striving for corporate longevity and sustainability has become indispensable in this fast-paced world. Despite the growing interest in this domain, companies are struggling to define sustainability in a way that is relevant to their business. This article attempts to synthesize the extant literature and provide a conceptual perspective on corporate sustainability and sustainable business models.Design/methodology/approachThematic literature review was done to gain an understanding of the extant literature and the ongoing debates on organizational sustainability. As the literature in context of corporate sustainability was found to be in a fluid state, a thematic review was found suitable to systematize and disclose valuable insights that open avenues for addressing sustainability concerns.FindingsThe paper attempts to throw light on the journey of organizations towards sus...
Economic and Regional Studies / Studia Ekonomiczne i Regionalne, 2020
Summary India is one of the most populated countries in the world and was famously known as the g... more Summary India is one of the most populated countries in the world and was famously known as the golden bird. It was known for its rich cultural heritage and some of the world’s most significant educational institutions. Over the countless decades and centuries, the invaders exploited the resources for their advantage. At the decline of the independence in 1947, it was left backward with one of the poorest economies of the world of that time. The richness of erstwhile India, the status of the golden bird, the sacred intellectual space that India occupied has only textual value for the present generation. Through this academic paper, an attempt has been made to address the following questions: what was the state of the economy of India during the pre- and post-independence period, how has India transformed herself from one of the most impoverished economies in 1947 to currently the third-largest economy in the world, and how is the current economic and non-economic status of India.
International Journal of Emerging Markets, 2021
PurposeThe main purpose of the present study is to delve into the overconfidence bias in global s... more PurposeThe main purpose of the present study is to delve into the overconfidence bias in global stock markets during both pre COVID-19 and COVID-19 phases.Design/methodology/approachThe present study makes use of daily adjusted closing prices and volume of the broad market indices of 46 global stock markets over a period ranging from July 2015 till June 2020. The sample period is split into pre COVID-19 and COVID-19 phases. In order to test the overconfidence fallacy in the chosen stock markets, bivariate market-wide vector auto regression (VAR) models and impulse response functions (IRFs) have been employed in both phases.FindingsA highly significant contemporaneous relationship between market return and volume appears to be more pronounced in the Japanese, US, Chinese and Vietnamese stock markets in the pre COVID-19 era for the relevant coefficients are positive and highly significant for most lags. Coming to the period of turbulence, the present study discovers strong overconfide...
Emerging Economy Studies, 2020
Inclusive development policies and comprehensive strategies are extremely critical aspects of the... more Inclusive development policies and comprehensive strategies are extremely critical aspects of the holistic progress of a nation. The measurement of considerable progress through the indicator/indicators is equally important. What if the selected indicator(s) are inappropriate? It can mislead people and policymakers. That is exactly what is happening to gross domestic product (GDP) as an indicator for measuring the overall progress of any nation. Through this academic article, an attempt has been made to address the following questions. Why do social, environmental, and human-centric indictors reveal an altogether different position concerning the health of the economy? Are we making deliberate mistakes while considering GDP as a gospel indicator for each and everything? Does it reflect the welfare aspects of human beings? Does it accurately reflect the well-being of people? The prolonged followed GDP-driven policies are inadequate for measuring the overall progress of a nation. The ...
Measuring Business Excellence, 2020
Purpose Employee engagement has become a hot topic among the global workforce. Both academicians ... more Purpose Employee engagement has become a hot topic among the global workforce. Both academicians and practitioners tout engagement to have a positive impact on individual and organizational performance. However, despite the enhanced interest, the stagnant engagement levels worldwide pose a grave concern for the researchers. Numerous overlapping and inconsistent definitions of employee engagement lead to a conceptual chaos resulting in poor operationalization of the construct. The purpose of this paper is to develop a multi-dimensional measurement tool for employee engagement based on the evidences from the best companies to work for in India. Design/methodology/approach Interviews with the top management of the 15 best companies are used for the generation of items using grounded theory methodology. These items are then subjected to content validity assessment by six domain experts. The scale is administered to the middle-level employees of five companies (n = 332) through questionn...
SAGE Open, 2019
Numerous overlapping and inconsistent views of academicians and practitioners on construct of emp... more Numerous overlapping and inconsistent views of academicians and practitioners on construct of employee engagement have led to the development of various measurement instruments that differ in terms of the variables. The article attempts to develop an assessment instrument and to assess content validity of the proposed variables/dimensions. The construct is generated through grounded theory method, conducting structured interviews of human resource heads (15 best firms). The assessment of content validity is done through six domain experts. Content validity index, Kappa statistic, and content validity ratio (Lawshe test) were implemented for content validity. Three dimensions (alignment, affective, and action-oriented) having 10 items each were identified. The item content validity index (I-CVI) ranged from 0.66 to 1 and scale content validity index (S-CVI/Ave) ranged from 0.848 to 0.932. The instrument is assessed with high content validity. It bridges the research gap of incongruit...
International Handbooks of Quality-of-Life, 2017
South Asia comprises the southern extremity of the Eurasian continent. The remoteness of its geog... more South Asia comprises the southern extremity of the Eurasian continent. The remoteness of its geographical position separates it from the rest of the world. This region is frequently called the “Indian subcontinent.” India, being the culturally, politically, economically, and linguistically dominant country of this region, is surrounded by Bhutan and Nepal toward its northeastern side, Bangladesh on its eastern side, Sri Lanka to the south, and Pakistan to the northwest. Foreign traders and invaders brought many diverse cultures, religions, and languages to the region. As a consequence, South Asia has become a multilingual, multireligion, multiethnic, and multicultural region. The region is one of the most heterogeneous worldwide because its people belong to multiple tribes and other diverse groups. India itself is a country of extraordinary diversity which, in turn, is an important feature of its identity as one nation. The region has played a dominant role in spreading the philosophical essence of the region’s conceptions of well-being to the larger world community. India (before the emancipation of Pakistan and Bangladesh from India in 1947 and 1971, respectively) had some of the most opulent production and economic export portfolios in the eighteenth century. However, later, and as a result of economic domination by British colonizers, India’s economic grandeur was destroyed, and its rich cultural heritage became part of the archival history.
Journal of Integrated Disaster Risk Management, 2013
Disasters are inevitable especially those caused by natural calamities. The severity of a disaste... more Disasters are inevitable especially those caused by natural calamities. The severity of a disaster depends on the preparedness of people and their mindset to deal with such calamities positively instead of creating chaotic situations out of them. The externalities cause disasters that result in crisis situations and many times they are environmental as well. There are ways through which an environmental imbalance can be avoided. However, individuals need to be taught how to deal with calamities through their rich cultural values. Bhutan is a country of rich cultural heritage. This constitutes one of its greatest strengths. According to Gross National Happiness (GNH) literature, cultural heritage is considered one of the four pillars of GNH. Public Policy initiatives have to be designed in such a way that individuals are encouraged to engage themselves in decision making and implementation of the decisions with honest intentions so that such prescribed guidelines are followed strictly to avoid crisis situations. In order to mitigate the influence of the calamities, individuals have to be oriented towards such occurrences at other similar places so that there is proper preparedness in the minds of individuals. This paper is divided in four parts. The first part deals with the importance of culture and cultural values. The second part discusses the concept of GNH. The third concentrates on disasters and the aftermath, and the fourth part tries to link culture and GNH with disaster management and suggests measures to follow for preparedness for occurrences of disasters or/and to deal with its victims.
The International Journal of Human Resource Management, 2010
Full terms and conditions of use: http://www.informaworld.com/terms-and-conditions-of-access.pdf ... more Full terms and conditions of use: http://www.informaworld.com/terms-and-conditions-of-access.pdf This article may be used for research, teaching and private study purposes. Any substantial or systematic reproduction, redistribution , reselling , loan or sub-licensing, systematic supply or distribution in any form to anyone is expressly forbidden. The publisher does not give any warranty express or implied or make any representation that the contents will be complete or accurate or up to date. The accuracy of any instructions, formulae and drug doses should be independently verified with primary sources. The publisher shall not be liable for any loss, actions, claims, proceedings, demand or costs or damages whatsoever or howsoever caused arising directly or indirectly in connection with or arising out of the use of this material.
The measures of Quality of life are very similar to the measures of happiness for the people. The... more The measures of Quality of life are very similar to the measures of happiness for the people. The objective of the present study is to find out the variations in the different measures between the year 2000 and 2005. The first survey was conducted in the year 2000-2001 on the residents (n=406) of Trashigang town and Phongmey gewog and a follow up study was carried out at the same places (n=330) during 2005-2006. The sample includes farmers, government employees, business owners, priests, and housewives. The study compares the variations on the opinions as to the importance of certain factors (neighourhood, spiritual activities, respecting others, relationship with local authorities, awareness of local laws, TV, newspapers and radio, family planning measures and environment protection) and the satisfaction level as to these factors The satisfaction level gauged on the 5 point Likert scale (1 being Very Satisfied and 5 being very dissatisfied) on the factors like development plan, edu...
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Papers by Vijay Kumar Shrotryia
Well-Being in South Asia”, “Human Well-Being Policy and Discussion” and “Conclusion and the Way Forward”. I have incorporated a brief discussion on Bhutan’s journey to adopt the Gross National Happiness metric in order to provide background information, practical aspects and outcome as obtained from the published reports and statistics, and have discussed the contributions made by some pathbreakers (Mohd. Yunus from Bangladesh, Mehbub Ul Haque and Malala Yousafzai from Pakistan, and Kailash Satyarthi from India) from the region in the
recent past wherever relevant. The book concludes with a summary of the outcomes and a note on building a case for considering human well-being as a future policy
focus apart from GDP. It outlines expected policy interventions and finally provides a summary of the strengths, weaknesses, opportunities, and threats of each of the countries in the region.