Dr Prashant Barge

Scopus Publications

Influences of Efficiency on Shareholder Activism using ROA as a moderator?
Prashant Barge, Bhakti Agarwal, Shailesh Rastogi, Soma Sharma, Sangeeta Paliwal, and Rahul Sharma
IEEE
The effect of efficiency on shareholder activism (SHA) with the moderating effect of Return on Assets (ROA) has been studied by this research study. This analysis uses data about corporate firms from the CMIE Prowess database. This data spans over 4 years from 2016 to 2020. Static panel data are used to propose the two models (base model and the interaction model). The application of PDR models from this study shows that Efficiency impacts SHA negatively. The influences of efficiency on shareholder activism are multifaceted and dynamic. The association of shareholder activism and the efficiency of the organization is not significantly influenced by the moderating variable which is the return on assets for the selected dataset of this study. As the chosen data represents a significant segment of the Indian corporate landscape, this study offers a better understanding of how efficiency relates to SHA within corporates in the Indian context. The results of this study can provide guidelines for strategy preparations to proactively demeanor the issues of shareholder activism in the context of fast fast-changing technology landscape and its use by new age activist.

Impact of ESG on the dividend of the Indian banks. Used non-performing assets as moderator
Geetanjali Pinto, Prashant Barge, Shailesh Rastogi, and Bhakti Agarwal
IEEE
This study examines the nexus between environmental indices and governance about dividends within the Indian banking sector, incorporating Non-Performing Assets (NPA) as a moderator. The investigation spans the period from 2010 to 2019 and encompasses a sample of 33 representative Indian banks. Data retrieval is executed through Prowess and the authorized websites of individual banks. Four models, comprising two bases and two interaction models, are formulated for analysis. Regression analyses underscore the noteworthy influence of both base models on dividend outcomes. The findings further indicate that elevated levels of bank NPAs disrupt the correlation between the governance index and dividend distributions. Nevertheless, the analysis indicates an absence of moderating influence by NPA on the relationship between the environmental index and dividends. Through an in-depth examination of the Indian banking sector utilizing a substantial sample, this research contributes to the existing literature by shedding light on the impact of environmental and governance policies on a company's dividend policy.

Influences of Corporate Social Responsibility on Sustainable Development of India: Using Literacy Rate as a Moderator
Saumya Singh, Aman Pushp, Pracheta Tejasmayee, Prashant Barge, and Shailesh Rastogi
IEEE
This study investigates the influence of Corporate Social Responsibility (CSR) on sustainable development in India, specifically analyzing the literacy rate's moderating role. Utilizing a quantitative approach through Panel Data Regression Analysis (PDRA) on secondary data, the research is confined to India. Despite this limitation, the study serves as a valuable foundation for future research. The geographical restriction not only provides context-specific insights but also lays the groundwork for broader comparative analyses in diverse global contexts, suggesting avenues for expanding the research agenda.

Bank’s Efficiency & The Liquidity Coverage Ratio (LCR) of Indian Banks: Using Data Envelopment Analysis Approach
Prashant Barge, Rahul Sharma, Shailesh Rastogi, Bhakti Agarwal, Adesh Doifode, and Pracheta Tejasmayee
Springer Nature Singapore

Impact of Ownership Concentration on the Liquidity of the Banks in India
Rahul Sharma, Bhakti Agarwal, Saumya Singh, Aman Pushp, Shailesh Rastogi, and Prashant Barge
IEEE
This research aims to assess the effect of the promoters on the liquidity of Indian banks using the Net Stable Funding Ratio (NSFR) as a variable. The risk-weighted assets (RWA) are used as a moderator to assess their effect on NSFR and promoter. The data is analyzed by using the panel data method (PDM). 31 Indian banks were taken as samples in this study for the period from 2010 to 2019. It is observed that the base model shows a positive association between promoters and NSFR, it signifies that an increase in promoter value increases NSFR. In the second model, the impact of a moderator (RWA) is observed on NSFR and promoter and finds a significant and positive association between them. From the implications point of view, the study's findings will aid policymakers in comprehending how changes in promoters impact the NSFR and overall banking industry. The study is unique in the sense that there are rarely any studies being done to assess the relationship between NSFR and promoter. The study also lays the foundation for further studies concerning NSFR, RWA, and promoters.

Understanding and Forecasting of Credit Defaulters Using R-Programming
Natural Sciences Publishing

Comprehensive student support framework for online learning
Prashant B. Barge and Shilpa S. Parkhi
AIP Publishing

Indian Economic Development: The Impact of Digitalization and Financial Technologies
Rahul Singh Gautam, Shailesh Rastogi, Swapnilsingh Thakur, Hitesh Datta Patole, Vishwanath Narayan Revankar, and Prashant Barge
IEEE
The current research focuses on financial technology’s and digitization’s effects on rural sustainable development, and the rural sector is playing a very important role to increase sustainable growth in India. Also, this investigation looked at secondary data from 29 Indian states and two union territories during three fiscal years, from 2018 to 2020. In this study, panel data analysis is used to evaluate the hypothesis (PDA). Hence, financial technology and digitalization have a good effect on rural development in India. The financial technology and digitalization of the rural sector of India are playing a vital role in economic development in India. Thus, extension plans should integrate the public, corporate, and non-governmental (NGOs) sectors in order to promote and execute FPOs. Governmental organizations ought to support the creation and administration of FPOs. For FPOs to boost agricultural profitability by assisting farmers in obtaining more consumer rupees, extension workers should possess facilitation abilities.

Does the Digital Payment System Affect the Poverty Score in India?
Prashant Barge, Bhakti Agarwal, Shailesh Rastogi, Aman Pushp, and Pracheta Tejasmayee
IEEE
This research aims to study the relationship between financial inclusion efficiency (FIE) and poverty score. The data for this research includes 28states and 3 union territories of India. A data envelopment analysis (DEA) is a popular and effective tool revealed by literature research studies to assess countries' financial inclusion levels. This study used a panel data model with DEA wherethe Poverty Score (PS) is presented as the dependent variable, and the independent variables selected are Financial Inclusion Efficiency (FI_CRS), Number of ATMs (No_ATM), and Literacy Rate (Lit_rt). From the optimal weights of the DEA model, descriptive statistics, correlation matrix scores, and endogeneity test results, the results of the study show that there is a significant impact on poverty scores by financial inclusion efficiency. The Financial Inclusion Efficiency (FI_CRS) is significant and negative which signifies that there is a negative relationship between Financial Inclusion Efficiency (FI_CRS) and Poverty Score (PS). Thus, this research shows that the rise in fie resulted in a decrease in the Poverty Score of 28 Indian states and 03 union territories.

Analysis of the Effect of Ownership Concentration (OC) on Dividends Using Return on Capital as a Moderator
Saumya Singh, Aman Pushp, Jyoti Mehndiratta Kappal, Prashant Barge, Adesh Doifode, and Shailesh Rastogi
IEEE
This research paper targets to investigate the influence of ownership concentration (OC) on the dividend policy (DP) of 78 listed non-financial firms. Return on capital (ROC) is used to moderate the relationship between OC and DP. Data collected for analysis pertains to 2016–2020. The methodology adopted for analyzing data of these firms for the said period is the quantile regression panel data model (QRPDM). The models' findings show no significant impact of OC on the DP of these firms; however, under the influence of ROA, the relationship between OC and DP becomes significant. The limitation intrinsic to this study is the non-consideration of financial firms, which paves the way for further work in the area. This study is the first to take up OC, a crucial component of CG, and assess its impact on DP for India specifically.

Impact of Distribution and Promotional Expenditure on the Profitability of the Pharmaceutical Firms in India
Vignesh Sengunthar, Shailesh Rastogi, Rahul Gautam, Prashant Barge, Hitesh Patole, and Vishwanath Revankar
IEEE
This paper examines the relationship between Distribution and Promotional expenditure on the profitability of pharmaceutical firms in India using data collected from 137 pharmaceutical companies working in the Indian economy from 2017 to 2022. The study employs a panel data model analysis with Distribution and promotional expenditure as the independent variables, Operating Profit and Profit after Tax as the dependent variable, and Sales as the Control Variable. The analysis's results show that the independent variable has a substantial influence on the dependent variable, as shown by the significant p-values for the coefficients of selling expenditures and ln sales, respectively, and the R-square and SE values of.7662 and 3604.2096, respectively (operating profit). Academicians could use the study in this work to more critically assess how well the endogenous growth model applies to pharmaceutical companies and to acquire more empirical data to back up our findings.

Unfolding design and technology for superior sales growth under moderating effect of technological environment
Shilpa Parkhi, Kiran Karande, Prashant Barge, H.M. Belal, and Cyril R.H. Foropon
Emerald
PurposeFirms use design capability across the globe to compete and increase sales, e.g. Apple. However, the payoff from design know-how has been overlooked thus far. Academic research lags in this space despite the intersection of sales, technology and design in practice. This paper provides researchers and managers with implications of the interplay between design capability and technological market conditions to enhance a firm's sales.Design/methodology/approachFirms' capability design, and sales impact have been studied in this paper across different technological market conditions. Primary technological conditions of the industry under which firms operate are captured, which are technological intensity (TI), technological competitive intensity (TCI) and technological maturity (TM). Their interplay has been studied using panel data analysis, examining fixed and random effects.FindingsDesign is an important, interesting and non-imitable capacity that yields positive firm execution results. It provides an urgent differentiator and improves deal development. This study found that all four hypotheses are generally supported. The main finding is that, provided underlying technology is good, design significantly improves sales, but design alone cannot substitute for poor technology.Practical implicationsThe results of this study link the three technological environment conditions, namely, TI, TCI and TM with sales growth. The authors find that design can and does add to superior performance, provided technological excellence exists prior. But, in the absence of good technology, design alone will hinder performance.Originality/valueThis paper examines the effect of firm design capability on sales growth. The paper finds a positive moderating effect of TCI and TM but a negative moderating effect of TI. The researchers believe these aspects of the design have not been studied before.

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