IPE Jom (Vol 7, No 1, Jan-Jun 2017)
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ISSN 2249 - 9040 VOLUME 7 NO.1 JANUARY-JuNE 2017 IPE Journal of Management Impact of Board Effectiveness on Performance of Banks: A Structural Equation Model Analysis Manmeet Kaur and Madhu Vij Organizational Citizenship Behavior of Employees – A Comparative Study Among Executive and Non-Executive Employees of Public Sector Organizations in the State of Kerala Asa K.S. and Santhosh V.A. Macroeconomic Factors and Indian Stock Market: A Critical Reexamination of APT Model Anindita Chakraborty and Adwitiya Gupta A Survey of the Factors Influencing Property Investment Decision of Indian Investors Mousumi Singha Mahapatra and Anupam De An Empirical Analysis of Bank Customers Regarding their Preferences towards Latest Government Schemes under NDA Government Harinder Singh Gill and Saurabh Arora Political Branding: The Contemporary Trait of Indian Polity Amit Kumar and Somesh Dhamija How a Bear Swallowed the Dragon Navyatha K and Naresh Reddy G HDFC Bank – A FAB 50 Company Bala Krishna A.V. and Srikanth V Impact of Crisis Era on Life Insurance Business in India – A Comparative Study on Select Policies Maschendar Goud M and Usha Kiran V CSR Policy and its Implementation: A Study of Select IT Companies Reshma Nikhat Current Trends of CSR Practices in Indian firms Serajul Haque and Rashid Farooqi Md. Corporate Social Responsibility Performance and Firm Performance: Listed in A Cross Country Analysis from Asia Najul Laskar and Santi Gopal Maji • UGC list of Journals Addressing Social and Environmental Risks through CSR – An Indian Perspective • Ebsco Mishra R.K. and Shulagna Sarkar Database • ProQuest • Ulrichs Web IPE JOURNAL OF MANAGEMENT Aims and Scope IPE Journal of Management is a bi-annual, peer-reviewed journal which publishes empirical, theoretical and review articles dealing with the theory and practice of management. The aim of the journal is to provide a platform for researchers, academicians, practitioners and policy-makers from diverse domains of management to share innovative research achievements and practical experience, to stimulate scholarly debate both in India and abroad on contemporary issues and emerging trends of management science and decision-making. Editorial Board EDITOR-IN-CHIEF EDITOR R.K. Mishra J. Kiranmai ADVISORY BOARD Surendra Singh Yadav Prajapati Trivedi M. Panduranga Vithal Professor Faculty Chair MPPP Professor Department of Management Studies, Senior Fellow (Governance) & Finance & Strategy, Indian Institute of Technology, Delhi Adjunct Professor of Public Policy, Indian Institute of Plantation Bharti Institute of Public Policy, Management, Raj S. Dhankar Indian School of Business, Mohali, Bangalore Vice-Chancellor Punjab Amity University, Chhattisgarh, Raipur M. Jayadev Stuart Locke Professor J.D. Agarwal Professor Finance & Accounts, Founder Chairman & Director Department of Finance, Indian Institute of Management, Indian Institute of Finance, Delhi Waikato University, Bangalore Anjula Gurtoo Hamilton, Newzealand Associate Professor Department of Management Studies, Indian Institute of Science, Bangalore EDITORIAL ASSOCIATE A.V. Bala Krishna • The views, opinions, data, in IJM are those of the individual author(s) and the Editor-in-Chief, the Editor and the Advisory Board disclaim the consequences of the views expressed in the articles. • No part of this publication may be reproduced without the written consent of the publisher. The copyright of all accepted papers will vest with IJM. • Copyright @2017, Institute of Public Enterprise. All Rights Reserved. Published by: Satyam N Kandula on behalf of Institute of Public Enterprise Owned by: Institute of Public Enterprise Printed by: Satyam N Kandula on behalf of Institute of Public Enterprise Printed at: Wide Reach Advertising Pvt Ltd, 21, Surya Enclave, Trimulgherry, Hyderabad - 500015 Place of Publication: Institute of Public Enterprise, OU Campus, Hyderabad - 500007 We thank Indian Council of Social Science Research (ICSSR) for financial assistance for publication of the journal. CONTENTS Impact of Board Effectiveness on Performance of Banks: A Structural Equation Model Analysis 1 Manmeet Kaur and Madhu Vij organizational Citizenship Behavior of Employees – A Comparative Study Among Executive and Non-Executive Employees of Public Sector Organizations in the State of Kerala 26 Asa K.S. and Santhosh V.A. Macroeconomic Factors and Indian Stock Market: A Critical Reexamination of APT Model 35 Anindita Chakraborty and Adwitiya Gupta A Survey of the Factors Infl uencing Property Investment Decision of Indian Investors 42 Mousumi Singha Mahapatra and Anupam De An Empirical Analysis of Bank Customers Regarding their Preferences towards Latest Government Schemes Under NDA Government 52 Harinder Singh Gill and Saurabh Arora Political Branding: The Contemporary Trait of Indian Polity 65 Amit Kumar and Somesh Dhamija How a Bear Swallowed the Dragon 76 Navyatha K and Naresh Reddy G HDFC Bank – A FAB 50 Company 90 Bala Krishna A.V. and Srikanth V Impact of Crisis Era on Life Insurance Business in India – A Comparative Study on Select Policies 105 Maschendar Goud M and Usha Kiran V CSR Policy and its Implementation: A Study of Select IT Companies 116 Reshma Nikhat Current Trends of CSR Practices in Indian Firms 127 Serajul Haque and Rashid Farooqi Md. Corporate Social Responsibility Performance and Firm performance: A Cross Country Analysis from Asia 138 Najul Laskar and Santi Gopal Maji Addressing Social and Environmental Risks through CSR – An Indian Perspective 149 Mishra R.K. and Shulagna Sarkar IPE Journal of Management GUIDELINES TO AUTHORS General Framework • The word per cent, not the symbol % should be • Abstract should contain in brief – focus, used in the text. methodology, findings and conclusion with 5 to 6 • Figures below 10 should be spelt out in words, key words. eleven and above in figures, unless the reference is • The author(s) present position, other affiliations, to percentages 3 percent, distance 6 kms or age 9 complete mailing address(es) (both postal and years old. e-mail), mobile numbers should be provided. 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Number, Issue Number IPE Journal of Management IJM ISSN 2249 - 9040 Volume 7, No 1, January-June 2017, pp.1-25 I mpact of Board Effectiveness on Performance of Banks: A Structural Equation Model Analysis Manmeet Kaur1 Madhu Vij2 ABStrAct The primary role of internal control mechanism in Corporate Governance (CG) is performed by board of directors in a firm. This Study seeks to understand the relationship between internal governance and performance of banks in India. The effectiveness of board is evaluated by considering variables such as board practices, independence of board, gender diversity in board, decision making at board. The Study