An integrated framework for analysing performance indicators of Indian microfinance institutions: a multi-stakeholder perspective

Feng

et al. 2022

BIJ

PurposeThis paper employs the positivism paradigm, quantitative approach and explanatory research design. It analyses primary data obtained from manufacturing firms via structured questionnaires and uses the partial least square-structural equation modelling technique to establish the effect of individual procurement process risk on procurement performance.Design/methodology/approachProcurement risks are inevitable in manufacturing procurement process; a situation that could undermine the performance of manufacturing firms if not properly managed. Yet, with procurement accounting of about 14–19% of developing countries gross domestic product, the effects of procurement process risk on performance remain scarce in manufacturing firms in developing countries. Therefore, the paper aims to investigate the effect of procurement process risk on procurement performance of manufacturing firms.FindingsIn this paper, five out of the six procurement process risks studied were found to be undermining procurement performance of manufacturing firms significantly. However, the risk threshold effect on the performance differs.Research limitations/implicationsAlthough this research is geographically/sector bias, several insightful managerial implications can be drawn to manage procurement process risk in manufacturing settings irrespective of the area of operation. The results of this research imply that manufacturing firms' procurement process is risk prone and the effect of risk surrounding each procurement process on procurement performance differs. Hence, the need to identify and analyse the risks surrounding each procurement process before making managerial decision to spend firms limited resources in response to the individual risk to improve procurement performance in the manufacturing sector.Originality/valueThis paper is the first to provide existing and future procuring practitioners/firms with in-depth empirical evidence of the effect of the procurement process risks on procurement performance in manufacturing firms operating in developing economies.

Section: Procurement Performancementioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Procurement process risk and performance: empirical evidence from manufacturing firms

Feng

et al. 2022

BIJ

Int J Math, Eng, Manag Sci

“…Another multi-criteria method for performance analysis has been proposed based on goal programming (Cervelló-Royo et al, 2019) considering social performance besides outreach and financial performance. Considering social and financial performance along with governance, Bardhan et al (2021) found interrelationship among these three factors in determining overall performance of MFIs. Ghose et al (2018) compared financial and social performance of MFIs based on their legal status and found that NGO-MFIs performs financially better as compared to NBFCs but there is no distinction among these two types of MFIs in terms of social performance.…”

Section: Literature Reviewmentioning

confidence: 99%

Financial Performance Analysis of NBFC-MFIs in India using TOPSIS and IV-TOPSIS

Roy

Patro

2021

The policymakers around the globe have been emphasizing on financial inclusion in line with sustainable development goals 2030 of the United Nations. Developing countries are still behind in ensuring greater financial inclusion especially for women. While banks are the apex financial institutions in any country, microfinance institutions proved to be promising in advancing financial inclusion because of its better reach to women in remote areas. Thus in a country like India, the outreach and sustainability of microfinance institutions is of utmost importance. This paper aims to rank the performance of microfinance institutions listed by Reserve Bank of India on the basis of their outreach, sustainability, quality and efficiency. The ranking is done separately for five years (2014-15 to 2018-19) using Technique for Order of Preference (TOPSIS) method while overall ranking and benchmarking for five years has been done using interval valued TOPSIS (IV-TOPSIS) method. The robustness of the study has been checked through sensitivity analysis. The overall results portray Satin Creditcare Network Limited as the best performing NBFC-MFI while BWDA Finance Limited as the worst performer for the combined period of 5 years

“…The DEMATEL framework is a widely used and accepted multi-criteria decision-making (MCDM) model to establish dyadic relationships between decision-making factors in complex situations (Tarei et al , 2018). The framework has found several applications in different domains of management decision-making, namely, waste management (Singh and Sushil, 2021), risk management (Ramesh et al , 2020), supply chain (Tarei et al , 2018), microfinance (Bardhan et al , 2021), sustainability (Chand and Tarei, 2021) and Industry 4.0 (Nimawat and Gidwani, 2021; Tripathi, and Gupta, 2021).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Benchmarking the assessment of barriers to the admission of management education in India during the COVID-19 pandemic

Tarei

Kumar

2021

BIJ

Self Cite

PurposeThis paper proposes a decision-making framework for assessing various dimensions and barriers that have affected the admission process in management educational institutions during the ongoing pandemic. The framework considers the interrelationship between the obstacles and highlights the importance of each barrier.Design/methodology/approachAn integrated method based on decision-making trial and evaluation laboratory and analytical network process is proposed to structure the barrier assessment framework. Results obtained from the study are validated by comparing them against the conventional analytical hierarchy process.FindingsThe results obtained from this study indicate four significant dimensions that hinder admission in Indian management institutes, namely, governmental, financial, sectoral, institutional and market. The top five barriers are demand shift towards technical (alternative) skills, acceptance of the graduated students, lack of industry–institute collaboration, lack of long-term vision and opening new Indian Institute of Technologies (IITs) and Indian Institute of Managements (IIMs).Research limitations/implicationsDuring this ongoing pandemic, many educational institutes have been forced to shift from the traditional classroom to a virtual teaching model. In this regard, this study helps identify and assess the barriers to admission in Indian management institutes during this epidemic and thus, contribute to the literature. The findings will assist all stakeholders and policymakers of management institutions design and develop appropriate managerial strategies. The study is conducted in the Indian management educational institute context and can be extended to technical education institutions for deeper insights.Originality/valueThe paper develops an assessment framework for analysing the barriers to admission in Indian management institutes during the ongoing COVID-19 pandemic. Research implications are discussed in the context of a developing country.