{"id":24213,"date":"2021-08-31T14:28:16","date_gmt":"2021-08-31T14:28:16","guid":{"rendered":"https:\/\/krea.edu.in\/ifmrgsb\/?page_id=24213"},"modified":"2026-04-08T07:36:23","modified_gmt":"2026-04-08T07:36:23","slug":"research-papers","status":"publish","type":"page","link":"https:\/\/krea.edu.in\/ifmrgsb\/research-papers\/","title":{"rendered":"Research Papers"},"content":{"rendered":"\t\t
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Research Papers<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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The Working Papers Series is produced by IFMR- Graduate School of Business, Krea university . They are published to facilitate discussions and contribute to the advancement of knowledge.\u00a0<\/span><\/div>
The\u00a0 Research Papers section represents work from Faculty and Research Scholars across a wide range of areas, demonstrating both the depth and breadth of research being undertaken at IFMR, GSB.<\/span><\/div>

\u00a9 Copyright rests with the authors.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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IFMR GSB <\/span>Working Paper No.26-001<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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CURRENCY CUES: THE ATTRIBUTES THAT INFLUENCE SAVING AND SPENDING PATTERNS IN INDIAN CURRENCY NOTES<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tAuthor(s): Aquina, Dr.Jayasankar Ramanathan, Associate Professor, IFMR Graduate School of Business, Krea University<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

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Abstract:<\/span><\/p>

Currency is culturally significant (i.e., represents identity) and can also be a source of pride. While previous research has focused on the economic issues associated with currency, limited research has been conducted on how the design, colour, size and condition of banknotes affect the psychology of spending or saving in India. This study explores the attributes of Indian currency notes (design, colour, size, condition, and denomination) and spending and saving behaviour.<\/span><\/p>


KEYWORDS: Currency, Consumer, Spending, Saving, Cash, Behaviour<\/span>

View Extended Abstract<\/a> \u00a0<\/i> Download Paper<\/a><\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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IFMR GSB Working paper no. WP 24- 008<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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CALL OPTION PRICE USING PEARSON DIFFUSION\u00a0PROCESSES<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\n\n\nAbstract:<\/span>\n\nFollowing the foundational work of the Black\u2013Scholes model, extensive research has been developed to price the option by addressing its underlying assumptions and associated pricing biases. This study introduces a novel framework for pricing European call options by modeling the underlying asset\u2019s return dynamics using Pearson diffusion processes, characterized by a linear drift and a quadratic squared diffusion coefficient. This class of diffusion processes offers a key advantage in its ability to capture the skewness and excess kurtosis of the return distribution, well-documented empirical features of financial returns. We also establish the validity of the risk-neutral measure by verifying the Novikov condition, thereby ensuring that the model does not admit arbitrage opportunities. Further, we study the existence of a unique strong solution of stock prices under the risk-neutral measure. We apply the proposed method to Nifty 50 index option data and conduct a comparative analysis against the classical Black\u2013Scholes and Heston stochastic volatility models. Results indicate that our method shows superior performance compared to the other two benchmark models. These results carry practical implications for market participants, including market makers, hedge funds, and derivative traders.<\/span>\n

\nKeywords: Call option, Pearson diffusion, Pearson type IV distribution, Novikov condition<\/span>\n

\nView Extended Abstract<\/a> \u00a0<\/i> Download Paper<\/a>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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IFMR GSB Working paper no. WP 24- 007<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\tShuttles and Needles advocate handloom weaving for persons with special needs: A scope to do a longitudinal impact study<\/strong>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Abstract:<\/span><\/p>

Naresh and Kalyani Pramod, promoters of Shuttles and Needles, started the company to promote the creative use of technology, especially handlooms. The genius of the business is to promote leisure craft through handweaving. They realized it could lead to people’s creativity showcasing through their production. Apart from being a leisure craft affordable in the urban areas, they saw an opportunity to create a livelihood for the rural. More importantly, handweaving was promoted to people with intellectual and developmental disorders to improve their cognitive and motor skills through guided weaving and create an interest in using their energy more productively. This requires a detailed longitudinal study to establish the impact.<\/span><\/p>

Keywords: Handweaving, emotional well-being, livelihood artistry, innovation and creativity.<\/span><\/p>

View Extended Abstract<\/a> \u00a0<\/i> Download Paper<\/a><\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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IFMR GSB Working paper no. WP 24- 006<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\tCombining price and non-price interventions for water conservation<\/strong>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Marginal pricing has long been the instrument of choice to address water conservation challenges. More recently, non-price behavioral interventions have emerged as an alternative. However, there is limited data on the relative efficacies of price and non-price interventions. We report results from longterm field experiments studying unit-level water conservation responses to both price and non-price interventions in the same group of households (n = 64,186 household-days). Conservation habits, attitude-action gaps, principal-agent incongruities, and billing cycles help account for the heterogeneity in response between households, and across time. A non-price behavior modification intervention before the introduction of marginal pricing resulted in a large and significant effect on treated households (33%). The subsequent introduction of marginal volumetric pricing also reduced water use (8%, for previously\u00a0untreated households). However, this average price effect masks how a large share (21%) of households increased water use, or how a mere 12% of the households accounted for all the aggregate reduction in water use. We investigated such heterogeneous responses as a systematic conservation maximization design question beyond statistical variance in individual responses. We used daily water consumption measurements across three years alongside a household survey to delineate structural and agentic barriers to conservation behavior. Our analysis reveals how combining price and non-price behavioral interventions could hold the key to achieving conservation effects that are both large and persistent.<\/p>

Keywords: Persistent Conservation Behavior, Behavioral Heterogeneity, Field Experiments, Water
Conservation<\/p>

View Extended Abstract<\/a> \u00a0<\/i> Download Paper<\/a><\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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IFMR GSB Working paper no. WP 24- 005<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\tUnderstanding Doctors\u2019 Search Behavior for Medical Equipment in the Digital Age<\/strong>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tAuthor(s): Dr R S Sathya Saminadan, Associate Professor of Practice & Area Chair \u2013 Marketing, IFMR GSB, Krea University<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

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This study investigates the factors influencing information search behavior among doctors, particularly in the context of purchasing medical equipment online. The primary objective is to identify the patterns and determinants of doctors\u2019 information-seeking behaviors preceding their online purchase decisions for professional use. By exploring the structural relationships among these factors, the study aims to address operational gaps in service delivery within emerging markets.<\/p>

Employing a mixed-methods approach, the study integrates qualitative and quantitative techniques. Data were gathered through a comprehensive survey questionnaire distributed among doctors of various practice types. The collected data underwent rigorous analysis to uncover significant insights.<\/p>

Key findings reveal that doctors are proactive in seeking information regarding advancements in medical equipment essential for their professional roles. With the increasing reliance on online resources, doctors engage extensively in information search activities across diverse online platforms. This behavior underscores the critical role of accurate and comprehensive online information in their decision-making processes related to medical equipment purchases.<\/p>

The study highlights implications for market segmentation and the development of targeted online marketing strategies tailored to meet doctors\u2019 expectations in the online purchase of medical equipment. By understanding these information-seeking behaviors and influencing factors, companies can enhance their service offerings and effectively cater to the specific needs of medical professionals.<\/p>

Despite the study\u2019s focus on doctors\u2019 information-seeking behaviors and the factors shaping these processes, initial reluctance among some participants posed a challenge. However, the study successfully secured participation from 366 respondents, all from the same geographical area. This localized sample may constrain the broader applicability of the findings beyond this specific region.<\/p>

In conclusion, this research contributes valuable insights into the complex dynamics of doctors\u2019 information search behaviors in the context of purchasing medical equipment online. By elucidating these dynamics, the study provides a foundation for further research and strategic initiatives aimed at optimizing service delivery and marketing strategies within the healthcare sector.<\/p>

Keywords: Doctors, Factors Influencing Online Search, Search Behavior, Online Information, Purchase Intention, Purchasing Behavior<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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IFMR GSB Working paper no. WP 24- 004<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\tImpact of CBDC on International Payments and Inclusive Finance<\/strong>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tAuthor(s): Srinivasan Kalyanasundaram, Professor of Practice Finance, IFMR GSB, Krea University and Sanjana Mattaparthi, Student, SIAS, Krea University<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

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Abstract:<\/span><\/p>

This paper investigates the potential of Central Bank Digital Currencies (CBDCs) to revolutionize inclusive finance and international payments. While cryptocurrencies emerged as disruptive, their inherent volatility and uncertain legal status challenge broader adoption in inclusive finance and international payments. CBDCs, backed by central banks, offer a distinct advantage: stability and legal certainty.<\/p>

This research explores the impact of CBDCs on financial inclusion and international payments. We argue that successful interoperability is critical to unleashing the full potential of CBDCs. Interoperable CBDCs promise to facilitate faster, cheaper, and more transparent cross-border transactions. Interoperable CBDCs hold the promise of facilitating faster, cheaper, and more transparent cross-border transactions.\u00a0Additionally, this paper suggests few key improvements in CBDC implementation, which can make CBDCs more attractive and faster adoption for international payments and inclusive finance.<\/p>

The paper contends that CBDCs are likely to coexist with the existing financial instruments, playing a leading role in the future of finance. Their unique features and advancements in blockchain interoperability position CBDCs as a stable and secure foundation for a more inclusive and efficient financial landscape.<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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IFMR GSB Working paper no. WP 24- 003<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\tManaging Hopelessness with Hope Through Immersive Storytelling \u2013 Instances from Indic Texts and Practices<\/strong>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Abstract:<\/span><\/p>

Historically, there has been a lot of research done around the concept of hope. For someone in distress, providing support to cope with the situation with strong words of hope is an important part of human activity in relationships, and the interventions range\u00a0from a basic pep-talk to counselling and psychotherapy. Self-help books were trying to address this through tools like storytelling. In the western world, there are several self-help books like the\u00a0Chicken Soup for the Soul<\/em>\u00a0series,\u00a0Tough Times Never Last but Tough People Do<\/em>\u00a0and so on, that are aimed at people who need stories of hope during their times of distress. These best-selling books cover positive stories related to a range of topics like love, parenting, death and so on. This paper delves into some of the traditional Indic practices of providing hope during a state of distress. This will have managerial implications in Human Resource Management (Organizational Behaviour) and Marketing (Consumer Behaviour).<\/p>

A version of this paper was presented in the IIM Kozhikode International conference on Globalizing Indian thought<\/em><\/p>

Keywords: Hope, Indic Texts, Management, Positive Psychology, Storytelling<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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IFMR GSB Working paper no. WP 24- 002<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\tDesign Thinking View on an Affordable Public Bike-Sharing Project from India<\/strong>

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Abstract:<\/span><\/p>

Bikes of Bijnor<\/em>\u00a0is an intuitive design-thinking work by an Indian administrative service officer aimed at public bike-sharing. The project was a Government officer\u2019s out-of-the-box thinking idea with empathy to use hundreds of leftover bicycles of migrant labourers during the COVID-19 lockdown towards affordable and sustainable bike-sharing in the Indian town of Bijnor after compensating them.<\/p>

The protagonist took measures to locate at least 100 owners of the leftover bicycles, compensate them, refit their cycles, and use those cycles to create an affordable city bike-sharing system.
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This case study documents the intervention through the lens of design thinking and analyzes the impact on Health, Society, and Public Good. Frugal innovation through the\u00a0Bikes of Bijnor<\/em>\u00a0project had a positive effect on public health by promoting cycling as a healthy lifestyle activity, had inclusion as a significant goal by making the use of services affordable for all sections of society and also contributed significantly towards sustainability as a substitute for carbon-emitting vehicles.

A version of this paper has been accepted for presentation during the Academic Design Management Conference at Delft, Netherlands in Aug 2024.

Keywords: design thinking, public good, ride sharing, sustainability, circular economy<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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IFMR GSB Working paper no. WP 24- 001<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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A BIBLIOMETRIC STUDY OF THE LITERATURE ON ADVERTISING ETHICS<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Abstract:<\/span><\/p>

This study aims to identify the research impact of the landscape of advertising ethics, key research trends, and the state of knowledge in the domain of advertising ethics. The study is based on bibliometric analysis conducted using Biblioshiny. This study has analyzed relevant literature in the domain of advertising ethics using various techniques to examine publication patterns, citation networks, and authorship patterns, identifying the most cited and influential works, and highlighting seminal contributions and emerging research trends in the domain of advertising ethics.[1]<\/a><\/p>

Keywords :<\/p>

Advertising Ethics, Bibliometric Analysis, Biblioshiny<\/strong><\/p>

<\/i> View Extended Abstract<\/a> \u00a0<\/i> Download Paper<\/a><\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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IFMR GSB Working paper no. WP 23- 003<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Advertising\u00a0Ethics: A Review of Literature<\/b><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\n\n\nAbstract:<\/span>\n
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\n\nAlthough the nature and extent of advertising ethics can be complicated and vivid, researchers are conducting numerous studies concerning the underlying concepts of advertising ethics. A comprehensive understanding of the domain still finds little trace in the relevant literature. The purpose of this study is to understand and review the literature on advertising ethics and identify the research gaps in the literature that can lead to future research. Morphological Analysis (MA), a qualitative analysis framework that helps in the identification of research gaps through the distinction between explored and unexplored areas of the study is used. This study develops a comprehensive framework that includes six dimensions and twenty-seven variants within the research domain, leading to the identification of eighty-seven research gaps. This further leads to numerous future research\u00a0avenues. This study is the first known MA framework in the domain of advertising ethics.\n

\n\nKeywords :\n\nAdvertising, ethics, morphological analysis, literature review, research gaps\n

\n<\/i> View Extended Abstract<\/a> \u00a0<\/i> Download Paper<\/a>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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IFMR GSB Working Paper WP 23- 002<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Unintended effects of Alcohol Ban on Educational and Learning Outcomes of School Children
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January 2023\u00a0<\/p>

Purpose:<\/span><\/p>

In this study, we examine the effects of implementing an alcohol ban in the Indian state of Bihar on educational and learning outcomes. Utilizing the difference-in-differences technique, we analyze multiple nationally representative datasets. Our findings reveal a noteworthy rise in school enrollment and improved learning abilities following the implementation of the alcohol prohibition law. These positive outcomes are particularly pronounced among secondary school children aged 11-16 years, while the impact appears to be weaker for primary school children aged 6-10 years. Through heterogeneity analysis, we observe no significant impact on educational outcomes in the border districts. We attribute these changes to increased school attendance and a higher likelihood of attending private tuition.<\/p>

Keywords :<\/p>

Alcohol Ban, Difference-in-Differences, Education, Human Capital, Gender<\/p>

<\/i> View Extended Abstract<\/a> \u00a0<\/i> Download Paper<\/a><\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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IFMR GSB Working Paper WP 23- 001<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Impact of Nutrition Supply on academic achievements of adolescent Girls?
Some Empirical Evidence
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January 2023\u00a0<\/p>

Purpose:<\/span><\/p>

The Rajiv Gandhi Scheme for Empowerment of Adolescent Girls was introduced by the Indian government in the later part of 2010. This scheme targeted girls between the ages of 11 and 18, and it was implemented in phases. To assess the causal effect of this program on the education of the girls it benefited, we employed the difference-in-differences methodology. Our findings indicate that the program has a significant positive impact on enrollment rates. However, the improvement in learning outcomes is limited to basic levels. We propose that these changes can be attributed to the notable enhancement in the health status of the program’s recipients and an increase in education-related expenses specifically allocated for children. Additionally, our research suggests that early access to the program is crucial for experiencing its beneficial effects. This implies that the government should prioritize providing nutritious food during early childhood for the overall development of children, rather than at a later stage. Importantly, our results remain consistent across various datasets, withstand tests against potential confounding factors, and are robust when alternative specifications are considered.<\/p>

Keywords : Education, Health, Human Capital, Difference-in-Differences<\/p>

<\/i> View Extended Abstract<\/a> \u00a0<\/i> Download Paper<\/a><\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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IFMR GSB Working Paper WP 22- 006<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Introduction to scientific philosophy of entrepreneurship<\/b><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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August 2022<\/p>

Purpose: <\/span>The concept of entrepreneurship has been studied and debated for long, yet there seems to be no consensus on its definition and its disposition as a discipline. It has been argued that entrepreneurship should be a subset of the discipline of Economics, since both study human behaviour for satisfaction of wants through allocation of resources, and interaction with things of value (Toma et.al, 2014). However, Winter (2016) and B\u00f6genhold. et.al (2014) suggest that the essence of the concept of entrepreneurship lacks linearity and incorporates a lot of elements from other domains to fall only under the purview of Economics. It is multidimensional drawing on economic theories, growth models, industrial and management theories for reason and explanations (Lindgren and Packendorff, 2009).<\/span><\/p>

The objective of this paper is to examine this trajectory in order to understand and further clarify this issue by employing insights from the Philosophy of Science, which helps transpire such inquisitiveness (Okasha 2016).<\/span><\/p>

Keywords : Modern Entrepreneurship, Philosophy of Science, Neo-Classical Economics<\/p>

<\/i> View Extended Abstract<\/a> \u00a0<\/i> Download Paper<\/a><\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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IFMR GSB Working Paper WP 22- 005<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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IMPACT OF SHIFT IN NATIONAL PRICING POLICY ON ESSENTIAL MEDICINE PRICES IN INDIA<\/span><\/span><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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August 2022<\/p>

Purpose: <\/span>Pricing policies are important mechanisms used by countries to control pharmaceutical markets and ensure the accessibility and availability of essential medicines. India has regulated the ceiling prices of essential medicines since the 1970s through various DPCOs (Drug Price Control Order). The ceiling price of essential medicines was decided through a Cost-Based Pricing method (CBP) until the government introduced a Market-Based Pricing mechanism (MBP) in 2013 as a consequence of the National Pharmaceutical Pricing Policy, 2012. This study analyzes impact of this shift on essential medicine prices in India. Data was collated from state and public medicine procurement agencies and tenders. Initial results suggest that the shift in National Pricing Policy 2012 did not have a uniform impact on prices of all the essential medicine.<\/span><\/p>

Keywords: Essential Medicines, Price Control, Health Policy, Health\u00a0 Intervention<\/p>

<\/i> View Extended Abstract<\/a> \u00a0<\/i> Download Paper<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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IFMR GSB Working Paper WP 22- 004<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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RESEARCH TRENDS IN CUSTOMER SATISFACTION IN ONLINE SHOPPING<\/b><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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June 2022<\/p>

Purpose: The study aims to provide research and publication trends on customer satisfaction in online shopping based on the bibliometric analysis of 184 research articles published in the field of business, management, and accounting.<\/span><\/p>

Design\/methodology\/approach: The research articles for the study were selected using the Scopus database. The citation analysis, co-citation analysis, bibliographic coupling, and co-word analysis were performed to identify the most influential journals, authors, countries, articles, keywords, and emerging themes. Vos-viewer software was used to map and visualise the bibliometric network among the articles.<\/span><\/p>

Findings: The findings indicate that the studies in the area are broadly divided into four themes: 1) Acceptance towards online shopping, 2) Purchasing behaviour, 3) Online shopping experience 4) Emotional and cognitive aspects of customers. Furthermore, the study also found that the emerging keywords in this field are service recovery, customer trust, and the effect of covid-19 on customer satisfaction.<\/span><\/p>

Research Implications: The findings of this study contribute by providing a retrospective overview of the field using an objectively driven approach, which is helpful for the prospective researchers.<\/span><\/p>

Originality\/value: This is the first study that uses bibliometric analysis to identify and visualise key research trends in customer satisfaction in online shopping.<\/span><\/p>

Paper Type: Literature review<\/span><\/p>

Key Words: <\/strong>Customer Satisfaction, Online Shopping, Bibliometric analysis<\/p>

<\/i> View Extended Abstract<\/a> \u00a0<\/i> Download Paper<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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IFMR GSB Working Paper WP 22- 003<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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The effect of investment inefficiency on the implied cost of equity capital: Evidence from Indian firms<\/b><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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June 2022<\/p>

Investing in positive NPV projects is intended to increase the firm\u2019s market value. This study investigates the effect of investment inefficiency on the implied cost of equity capital in the context of Indian firms using panel data over six years from 2016 to 2021. We adopt an implied cost of equity capital approach to measure the expected returns because studies found that it precisely captures the variations in the firm\u2019s market value since it is the rate implied in the market value of equity and future earnings forecasts. In India, the earnings forecast of sell-side analysts to compute the implied models is not sufficiently available. Against this backdrop, our study adopts model-based earnings forecast technique, namely, the Earnings Persistence model, developed by Li and Mohanram (2014), to estimate the forecasted earnings values to compute the implied models. The period used for estimating the predicted earnings values is 2006 to 2021. The findings of our empirical investigation suggest that investment inefficiency<\/span> increases the firm\u2019s expected returns. The findings help managers make better investment decisions that keep the expected returns at lower levels.<\/span><\/p>

Key Words: Cost of equity, ex-ante cost of capital, implied cost of equity capital, corporate investment, and investment inefficiency\u00a0 <\/span><\/strong><\/p>

<\/i> View Extended Abstract<\/a> \u00a0<\/i> Download Paper<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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IFMR GSB Working Paper WP 22- 002<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Fogging the firm performance: An empirical examination of annual report readability in India<\/b><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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June 2022<\/p>

Annual reports are the primary source of information for investors. It contains all the details about the activities of the company in the preceding financial year. About 80% of an annual report is text (Cheng et al., 2018); hence proper comprehension and readability enhance the usefulness of the information. Earlier researches give evidence for the positive relationship between firm performance and annual report readability (Li 2008). Studies also find that complexity is a deliberate attempt by the companies to obfuscate earnings management and poor performance (Bloomfield 2008). Under this backdrop, we investigate the relationship between firm value, financial performance and annual report readability in the Indian context. For this purpose, we use Gunning Fog Index to measure the annual report readability of NSE 500 firms for the period 2016 to 2020. We find a positive relationship between firm performance and annual report readability. Further, this paper also finds a positive relationship between the annual report readability and firm value in the next year. The findings will be helpful for the investors as it shows how important is annual report readability in determining future firm value. It shows the readability of the narrative content as an important signal about a firm’s current performance and future prospects. This paper recommends that the management be more cautious while preparing financial disclosures because complex disclosures may send negative signals to the investors about the firm’s future prospects.<\/span><\/p>

JEL Classification: M41; G14; G11; G34 <\/span><\/p>

Key Words: Annual report readability, Fog Index, Firm performance, Tobin’s Q, ROCE<\/span><\/strong><\/p>

<\/i> View Extended Abstract<\/a> \u00a0<\/i> Download Paper<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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IFMR GSB Working Paper WP 22- 001<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Impact of WASH facilities on children schooling.<\/b><\/p>

Does Household head gender matter? Some empirical evidence from India<\/b><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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April 2022<\/p>

Access to Water, sanitation and hygiene (WASH) facilities to every household is one of the Sustainable Development Goals (SDGs). Given the paramount importance of WASH, this paper investigates the impact of household head gender and WASH provisions on children\u2019s schooling attainment. Using nationally level representative data, our results show that children in female headed households attain more schooling as compared to male headed households given the WASH facilities. Robustness checks have been carried out using different definitions of WASH, available in the literature and results are consistent. This further shows that female household head is more concerned, compared to male, about the WASH provision in the household.<\/span><\/p>

Key Words: <\/strong>Water, Sanitation, Hygiene, Household Head, Gender, Inequality, India, Schooling<\/span><\/p>

<\/i> View Extended Abstract<\/a> \u00a0<\/i> Download Paper<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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IFMR GSB Working Paper WP21-027<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\tConference paper authored by IFMR GSB PhD scholar and faculty wins \u2018Best Doctoral Paper Award\u2019!<\/b>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Congratulations to IFMR GSB\u2019s PhD Scholar Ameesh Samalopanan and Prof Vijayalakshmi Balasubramaniam for their papers winning big at two different conferences!<\/p>

Their conference paper \u201cDefining Dignity at Workplace: A Step Closer Towards Responsible Management\u201d, won this year\u2019s Eastern Academy of Management Conference (EAM) \u2018Best Doctoral Paper\u2019 award. The EAM conference was hosted virtually last week.<\/p>

In addition to this, their second paper \u2013 \u2018How Indian Managers Define Dignity at Workplace: Exploratory Study on Indian Financial Sector\u2019 \u2013 will be presented at the upcoming European Academy of Management Conference (EURAM 2021) next month.<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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IFMR GSB Working Paper WP21-026<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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DETERMINANTS OF M-COMMERCE ADOPTION AMONG WOMEN FISH VENDORS: SOME EMPIRICAL EVIDENCE<\/b><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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November 2021<\/p>

This paper examines the major determinants of m-commerce training and its adoption among the women fish vendors operating in coastal regions of Karnataka state of India. Using the cross-sectional data and employing the logistic regression, the findings suggest that in addition to access to bank accounts, factors like financial literacy, awareness, nudging from customers which incentivize them to adopt mobile banking are also important for them to use mobile banking.<\/span><\/p>

Key Words: <\/strong>M-commerce, Women Entrepreneurs, Financial Inclusion, Financial<\/span><\/p>

Literacy, Mobile Banking<\/span><\/p>

<\/i> View Extended Abstract<\/a> <\/i> Download Paper<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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IFMR GSB Working Paper WP21-025<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Artificial Intelligence and the Banking Sector <\/b><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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October 2021<\/p>

Adoption of emerging but disruptive Artificial Intelligence (AI) technologies have created opportunities yet posed challenges for the traditional banking industry. \u00a0Following a framework and case study methodology, this paper discusses how AI technologies when integrated into financial services generate competitive advantage for Indian banks. Based on the secondary published sources, we discuss opportunities created through disintermediation, banking process efficiencies and reduction in transaction costs. Next, we examine literature to discuss selected areas and services like measurement of credit risk, detection of fraud, digitalization of financial services, mobile banking, profiling of customers, and financial inclusion where AI intelligence has been integrated. Following this, we study examples of adoption of AI applications by selected Indian banks to showcase ethical and general hindrances faced by them. Although Indian banks are increasingly introducing using AI-enabled solutions, shreds of evidence indicate that\u00a0their adoption of AI techniques as compared to global counterparts, is sluggish of mandated transparency challenging their privacy framework. We conclude to recommend that a standardized and updated regulatory framework on technologies would accelerate implementation of AI in Indian banks.\u00a0<\/span><\/p>

Key Words: <\/strong>AI (Artificial Intelligence), Banking Industry, India<\/span><\/p>

<\/i> View Extended Abstract<\/a> <\/i> Download Paper<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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IFMR GSB Working Paper WP21-024<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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An Impact Evaluation Study of Self Help Group Program in the State of Meghalaya<\/b><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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October 2021<\/p>

This paper looks at the effectiveness of the Self-Help Group (SHG) program to alleviate poverty in the state of Meghalaya during 2015-2019. We use a non-experimental method for impact evaluation. After four years of the program implementation, we find that SHGs have helped in bringing positive change in savings\u00a0& borrowing behaviour and ownership of low consumer assets among the program beneficiaries. The SHG loan utilization goes towards medical, livestock and to some extent\u00a0consumption purposes. The program helped the beneficiaries in improving livelihood\u00a0diversification through support for livestock and agriculture. However the SHG program did not\u00a0seem to improve the entrepreneurial outcomes, and ownership of high value consumer assets.<\/span><\/p>

Key Words: <\/strong>Credit market, Livelihood, Impact Evaluation, Self Help Group<\/span><\/p>

<\/i> View Extended Abstract<\/a> <\/i> Download Paper<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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IFMR GSB Working Paper WP21-023<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Accessibility of credit to women-owned enterprises: A literature review<\/b><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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October 2021<\/p>

In South Asian and Southeast Asian countries, Micro, Small and Medium Enterprises (MSME) sector plays a significant role in income generation, unemployment reduction and in reducing inequality. The purpose of the study is to review the prevailing literature on the credit access of women-owned MSMEs. This study reviews credit and its importance in women-owned firms, whether the gender of the entrepreneur matter in accessing credit, how debt financing influence the performance of women-owned firms, the impacts of credit on women-empowerment and the government support schemes for women-owned firms. The study reviewed papers on three main themes; Credit access and performance, Gender and credit access and Credit access and women empowerment.<\/span><\/p>

Key Words: Micro and small enterprises, women enterprises, credit access.<\/span><\/strong><\/p>

<\/i> View Extended Abstract<\/a> <\/i> Download Paper<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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IFMR GSB Working Paper WP21-022<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Food Loss within Supply Chains<\/b><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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October 2021<\/p>

The increase in global population and food demand poses a massive challenge for food security and sustainability. Approximately one-third of the food produced worldwide (1.3 billion tons) gets lost or wasted annually. Research indicates that saving even one-fourth of this lost or wasted food can feed 870 million people worldwide. Thus, reduction in food loss and waste can play a significant role in ensuring food security. The present study aims to identify the significant contributors to food loss and investigate the relationship between them to gain insights that can aid in reducing food loss. The supply chain locations and activities which contribute to food loss are identified and classified across crops and regions worldwide to analyse the impact of these factors on food loss.\u00a0<\/span><\/p>

Key Words: <\/strong>Food loss, food security, post-harvest loss, supply chain<\/span><\/p>

<\/i> View Extended Abstract<\/a> <\/i> Download Paper<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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IFMR GSB Working Paper WP21-021<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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THE LAST-MILE DELIVERY OF DIGITAL LITERACY: AN OVERVIEW OF PRADHAN MANTRI GRAMEEN DIGITAL SHAKSHARTA ABHIYAN (PMGDISHA)<\/b><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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October 2021<\/p>

Digital transformation is driving change at a fast pace in almost every section of society, businesses and government. The Indian government has launched the Digital India Mission to digitalize an array of services. In the context of digitalization, digital illiteracy can create digital inequality which further leads to social exclusion, especially in rural areas. Sensing the growing need for digital literacy to keep up with the pace of digital transformation, the government of India launched the Pradhan Mantri Grameen Digital Saksharta Abhiyan (PMGDISHA). The objective of PMGDISHA was to bridge the existing digital divide by imparting digital literacy in rural areas and helping rural people cope with technological change. I conducted a primary survey with 78 respondents using a previously validated survey questionnaire at the Dindori district of Madhya Pradesh and used Kirkpatrick\u2019s (2009) model to measure the effectiveness of training. I also evaluated the effect of training arrangements (facility quality, instructor quality) and demographic characteristics of trainees on training effectiveness. This paper contributes to the digital literacy literature and guides facilitating the adoption of digital technologies in the last mile.<\/span><\/p>

Key Words:\u00a0<\/strong>Digital Literacy, PMGDISHA, Last Mile Delivery, Kirkpatrick Model<\/span><\/p>

<\/i> View Extended Abstract<\/a> <\/i> Download Paper<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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IFMR GSB Working Paper WP21-020<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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The Determinants of Export Intensity in the Indian Processed Food Sector: A Firm-Level Analysis<\/b><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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October 2021<\/p>

Many of the world’s emerging economies are naturally endowed with agricultural and natural resources which have tremendous scope to exploit their competitive advantage in export markets for these commodities. India being an agrarian economy, has a good production base for the manufacture of food products sector, yet the industry’s export performance is lagging. There are no recent studies that analyze the firm-level export intensity and its impact on the food processing industry, a gap this study intends to fill. This study analyses the recent trends and performance of the Indian food processing industry at an aggregate level using the data from Annual Survey of Industries (ASI) and analyses the determinants of export at the firm level using a panel data of 536 firms from 1999-2019 taken from the Prowess database of Centre for Monitoring Indian Economy (CMIE). Tobit model is used in the analysis as the dependent variable; export intensity is a censored variable. Size, profits, import, and wage intensity have been found to have a significant positive impact on export of the Indian food processing sector. In the Indian context, there is not much literature that accounts for self-selection while determining the export intensity at the firm level. This study uses the Heckman selection model to address the issue of self-selection.<\/span><\/p>

Key Words:<\/strong> Export intensity, Food processing, Fish, Meat, Tobit, Heckman Selection<\/span><\/p>

<\/i> View Extended Abstract<\/a> <\/i> Download Paper<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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IFMR GSB Working Paper WP21-019<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Growth Of Indian Pharmaceutical Firms: An Empirical Analysis<\/strong><\/b><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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October 2021<\/p>

Indian pharmaceutical sector is currently in a strategically prominent position in the global pharma market. The global pandemic of COVID-19 has reaffirmed the importance of the production and exports of drugs and vaccines needed from Indian pharma industry. Despite this increased demand, industry faces several challenges in maintaining a steady growth. This paper tries to analyse the determinants of growth of the industry in light of this scenario. The data for the empirical analysis was obtained from the Prowess database provided by the CMIE. The annual firm-level data of 321 listed drugs and pharmaceutical companies from the time-period of 1999 to 2019 is used for the final analysis. The study adopts the two-step GMM estimation technique for the dynamic panel data analysis. The initial results show that lagged growth, firm size, age, and R&D intensity are significant factors determining the growth of the industry. <\/span><\/p>

Key Words:<\/strong> Indian pharmaceutical industry, firm growth, dynamic panel data, system gmm<\/span><\/p>

<\/i> View Extended Abstract<\/a> <\/i> Download Paper<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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IFMR GSB Working Paper WP21-018<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Fintech and financial Inclusion<\/strong><\/b><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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October 2021<\/p>

The paper presents an overview of selected literature on the association of fintech and financial inclusion using keyword analysis. Inferring from the results of the data collected from the published work in the Web-of-Science database, we identify and analyze research trends and make recommendations for further research work.\u00a0<\/span><\/p>

Key Words:<\/strong> FinTech, Financial Inclusion, Literature Review<\/span><\/p>

<\/i> View Extended Abstract<\/a> <\/i> Download Paper<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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IFMR GSB Working Paper WP21-017<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Simultaneity Between Mobile Penetration and Economic Growth: A Panel Data Analysis of Indian States<\/strong><\/b><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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July 2021<\/p>

The growth in mobile telephony has added further momentum to the process of financial inclusion, rural development, and economic growth in general. However, despite the substantial growth, there exists a disparity in mobile penetration across states. The relationship between mobile telephony diffusion and economic growth has been well documented. While earlier studies have analyzed the relationship between economic growth, mobile technology diffusion, and inequality in different contexts and times, these relationships have been analyzed in isolation. The current study has used data on the Indian States for 2002-2012. It employs the Three-Stage Least Squares (3-SLS) technique to estimate a simultaneous system of equations to analyze bi-directional causality between economic growth and mobile penetration and feedback of one variable into another. The study also extends the analysis to 2016 using an alternative measure of inequality. The results confirm the positive feedback of growth to mobile penetration and find a positive impact of urban inequality on mobile penetration.<\/p>

Key Words:<\/strong> Telecommunication, Inequality, Economic growth, Panel Data, 3SLS<\/p>

<\/i> View Extended Abstract<\/a> <\/i> Download Paper<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tIFMR GSB Working Paper WP21-016\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Credit Risk Premium of Corporate Bonds: Return vs Yield<\/b><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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June 2021<\/p>

This paper studies credit risk premium (CRP) of corporate bonds and compares with the yield to maturity of the bond and shows that the yield of a bond is not the correct measure of its return.<\/p>


Key Words:<\/strong> expected bond returns, corporate bonds, credit risk premium, yield to maturity<\/p>

<\/i> View Extended Abstract<\/a> <\/i> Download Paper<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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IFMR GSB Working Paper WP21-015<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Digitization of Legal Services<\/b><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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June 2021<\/p>

The Paper focuses on studying the impact of new technology development and their adoption in legal services. It examines how efficiencies are being created using new technologies, specially AI , and through digitalization of legal services.<\/p>

Key Words:<\/strong> Digital India, LawTech, Legal Services, Empowerment<\/p>

<\/i> View Extended Abstract<\/a> <\/i> Download Paper<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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IFMR GSB Working Paper WP21-014<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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The Determinants of Firm’s Growth in the Telecommunication Services\u00a0<\/b><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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June 2021<\/p>

The study of firm growth literature provides valuable insights into firm behavior, the evolution of the industry over time, and the overall growth process. The topic becomes even more relevant in the context of the high growth of this sector and the importance of ICT firms in bridging the information asymmetry and overall process of economic growth. This study investigates the factors determining the firm’s growth in the Indian telecom services sector using an unbalanced panel of 204 firms from 2000 to 2019. Dynamic Panel estimation technique System GMM is used to take care of endogeneity issues caused by the dynamic nature of firm growth models. Results indicate that the growth of firms in the Indian telecom services industry is explained by systematic factors like size, R & D intensity, asset turnover, import, and age of
the firm and is not random.<\/p>

Key Words:<\/strong> Firm Growth, ICT, Telecommunication, System GMM, Dynamic Panel<\/p>

<\/i> View Extended Abstract<\/a> <\/i> Download Paper<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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IFMR GSB Working Paper WP20-014<\/p>

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\n\t\t\t\t\t\t\t\t\tImpact of peers and incentives on lying across age and gender: a school-based experiment from india<\/b><\/strong>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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FEBRUARY 2020<\/p>

We evaluate lying in school children across age groups with different gender compositions in the presence and absence of peers and incentives. We find (i) significant peer and incentive effects on younger children (ii) lesser lying tendencies in an all-girl\u2019s group at a younger age (iii) Effect of incentives independent of gender composition.<\/p>

Key Words:<\/strong>\u00a0unethical behavior, lying, incentives, gender differences, peer effects, field experiments<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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IFMR GSB Working Paper WP20-013<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\tImpact and Effectiveness of MSME Entrepreneurs Training Program \u2013 A Case Study of Journey in Joy<\/b><\/strong>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tAuthor(s):S Raghu Raman (Professor IFMR GSB , Krea University) and V Anantha Nageswaran (Member, PM\u2019s economic advisory council and ex-Dean IFMR GSB)<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Studies show that bringing in simple practices related to target setting, establishing incentives and monitoring performance can bring about substantial improvements in productivity, sales growth and reduction in product defects of MSMEs. Training entrepreneurs obviously appears to be the most time-tested and feasible intervention to bring about such a change. But are these training initiatives possible? What impact would it have on the entrepreneurs? What challenges would private entities face in conducting such training programs? To answer these questions, a training initiative in Tamil Nadu by Poornatha was examined. The program titled \u2018Journey in Joy\u2019 (JnJ) offered business skills training for 27 entrepreneurs in the Southern districts of Tamil Nadu. For this study, data was collected from a survey of all the participants, in-depth interviews conducted with the founder, trainers and 10 participants of the program. Also, data was collected from secondary sources including program content booklets, worksheets and exercises, written and video feedback of participants and business plans that the entrepreneurs had developed as a part of the program. Results from this study point out to a significant shift across entrepreneur mindsets, capabilities and enterprise performance. In short, the program has successfully demonstrated that a customized, impactful and low-cost training program for entrepreneurs is feasible.<\/p>

Key Words:<\/strong>\u00a0Entrepreneurship, training effectiveness, MSMEs, entrepreneur mindset<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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IFMR GSB Working Paper WP20-012<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Defining Dignity at Workplace<\/b><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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August 2020<\/p>

Waldron (2012) calls dignity as \u2018\u2018a principle of the highest importance\u201d even though business research has paid \u201cscant attention\u201d to the notion of dignity. Dignity is an essential requirement for meaningful work, and contemporary society has evolved as such that work and workplace have become paramount. Focusing on dignity will allow companies to be organised more humanely and to be able to create a space where individuals flourish and will work in an intense and soulful way. Purpose of the study is to understand how managers define dignity at the workplace. The study tries to bring a conceptual framework for an otherwise vague construct of dignity at the workplace. While available literature defines dignity at the workplace as an individual phenomenon, current study approaches it as a combination of the individual and organisational phenomenon by adding a component contextual dignity.<\/p>

<\/i> View Extended Abstract<\/a> <\/i> Download Paper<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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IFMR GSB Working Paper WP20-010<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Impact of Peers and Incentives on Lying Across Age and Gender: A School-Based Experiment from India<\/b><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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February 2020<\/p>

We evaluate lying in school children across age groups with different gender compositions in the presence and absence of peers and incentives.<\/p>

We find<\/p>

(i) significant peer and incentive effects on younger children<\/p>

(ii) lesser lying tendencies in an all-girl\u2019s group at a younger age<\/p>

(iii) Effect of incentives independent of gender composition<\/p>

Keywords<\/strong>: unethical behavior, lying, incentives, gender differences, peer effects, field experiments<\/p>

<\/i> View Extended Abstract<\/a> <\/i> Download Paper<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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IFMR GSB Working Paper WP19-009<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\tSuper Auto forge: Technology and leadership led growth<\/b><\/strong>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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November 2019<\/p>

The case on Super Auto Forge Ltd (SAF) is focused on the integration of operations perspective and market requirements of the company and relate its growth. Starting from nowhere with an ambition to be an entrepreneur in the space of production-driven business and ability to learn and develop the over time, the company grew to be a leading player supplying to Tier I auto component vendor and to OEMs. The case describes how, in a matter of two decades, the company transformed itself by developing cold forging technology, using an indigenously developed process. Pursuing homegrown technology requires zeal, adoption of excellence in manufacturing and cost advantage for Tier II and Tier I parts assembly units, which were the driving force of SAF and its promoter. During this phase, the company focused on the development of processes and managing implementation, which are the key drivers of its growth not only in India but across the globe specially to developed markets. Leadership of the company believed that locational advantage in facility decision can be exploited for the international growth of the firm, provided the leadership is clear about operations strategy formulation and implementation. It took some key strategic initiatives for SAF growth. This included implementation of quality management processes, continuous improvement through learning and operations and people related HR practices.<\/p>

Key Words:<\/strong>\u00a0Operations strategy, Indigenous development, Technology Process, Quality Management, Leadership<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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IFMR GSB Working Paper WP19-008<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Impact of Ownership Structure and Board Characteristics on Firm Value: Evidence from China and India<\/b><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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November 2019<\/p>

Corporate governance plays a decisive role in the financial performance of a firm. While majority of the firms in China and India are owned and managed by its promoters, the present study attempts to examine the impact of ownership structure and board characteristics on firm value for these two economies. The study employs panel data methodology with industry and time fixed effects on a sample of 1042 firms listed in NSE of India and 450 firms listed in SSE of China. We find promoter ownerships to positively impact a firm\u2019s value creation process, while institutional investors exert a negative influence. Although CEO duality enhances firm value in China, the results show otherwise for Indian firms. Additionally, while board independence is positively correlated to firm value in India, it has a negative effect on firms in China. Lastly, we find that larger board size contributes favorably towards better decision making.\u00a0<\/p>

Key Words:<\/strong> Corporate governance; Board characteristics; Ownership structure; Agency theory<\/p>

<\/i> View Extended Abstract<\/a> <\/i> Download Paper<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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IFMR GSB Working Paper WP19-007<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Volatility Contagion and Market Integration across major Coal Markets: A Diagonal BEKK GARCH approach<\/b><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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November 2019<\/p>

The present study attempts to meaningfully add to the existing strand of literature on coal market predictability by examining the level of market integration across three major coal export markets. Using a tri-variate diagonal BEKK GARCH framework, the study investigates the own-volatility persistence and cross-volatility contagion effects among European, Australian, and South African coal markets. The results validate the presence of strong volatility contagion among the three markets, indicating a high level of market integration. The contagion effect is observed to be heterogeneous across market pairs. Further, while the study finds convincing evidence for volatility clustering, the EGARCH results fail to affirm the presence of leverage effect among the returns series. In short, the study unveiled complex dynamics in the coal markets\u2019 price generation mechanism that necessitates active portfolio management. As such, besides having significant policy implications, the study\u2019s findings would be of pertinent interest to financial practitioners and investors who seek to diversify their portfolio through investments in global commodity markets.

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Key Words:<\/strong> Coal Market; Volatility Contagion; Diagonal BEKK GARCH; Leverage Effect<\/p>

<\/i> View Extended Abstract<\/a> <\/i> Download Paper<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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IFMR GSB Working Paper WP19-006<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Community as a Critical Component: People Management Model in Not-for-Profit Healthcare Organizations<\/b><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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October 2019<\/p>

Attracting and retaining employees is crucial for success of any organization. Competitive compensation system, challenging assignments and rapid career progression are offered as carrots to retain employees in for profit corporate entities. However, small organizations working in not for profit sector lack such resources and hence would have to improvise or innovate ways of attracting and retaining employees. ASHWINI, a hospital run for and by tribal communities in a remote location in India, has tentatively but consciously embarked on a process that emphasizes more on retention of knowledge, skills and abilities than the more difficult task of retaining people. The key feature of talent management at ASHWINI includes creation of a permanent core team of people from the tribal community, who excelled in critical competencies needed to run the community health initiatives and the hospital. To support and sustain the permanent core, ASHWINI has developed a participative culture marked by democratic processes.<\/p>

Key Words:<\/strong> HR practices, Employee retention, talent management, tribal communities, India<\/p>

<\/i> View Extended Abstract<\/a> <\/i> Download Paper<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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IFMR GSB Working Paper WP19-005<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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The Macro-economic impact of financial crisis on private R&D effort in Indian Manufacturing sector: a sectoral analysis<\/b><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tAuthor(s):Madhuri Saripalle<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

October 2019<\/p>

The effect of business cycles on long run economic growth and innovative activity has been a central question in macro-economic theory and empirical research. While studies in developed country contexts show R&D to be countercyclical with economic crisis and highly responsive to subsidy programs, in India, not much research has been done to understand the nature of R&D during economic shocks. This study aims to analyze the R&D behavior of firms during economic crisis and the impact of macro-economic policy variables on R&D intensity of manufacturing firms in India during 2000-2015. Among the South East Asian economies, although India is a $trillion economy, it ranks well behind China, Brazil, South Korea in terms of per capital real GDP, R&D intensity, patent applications and high technology exports. Consequently, Indian manufacturing activity is concentrated in low value-added segment in the global production networks. Using Prowess data set on R&D expenditure the study analyzes R&D behavior in Indian firms and attempts to draw policy implications for developing incentives to encourage R&D behavior in a more effective and sustainable manner<\/p>

Key Words: <\/strong>R&D, Fiscal Incentives, Business cycle, Manufacturing, India<\/p>

<\/i> View Extended Abstract<\/a> <\/i> Download Paper<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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IFMR GSB Working Paper WP19-004<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Investigation on factors influencing online information search: Behaviour of doctors with reference to medical equipment<\/b><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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October 2019<\/p>

Using the first ever available information in Census of India 2011, covering 640 sub-national units (districts) in India, we analyze the correlates of modes of transport used by non-agricultural workers at the regional level covering both rural and urban areas. Providing a holistic picture from the perspective policy and academic perspective, we bring out some key stylized facts. Further, using the Seemingly Unrelated Regression (SUR) estimation, we model the transport mode choice for commuting by the workers in the context of rural and urban India, and further extend it based on distinction in motorized and non-motorized transport modes. We find that urbanization level, population size and density along with education attainment and worker\u2019s sex ratio (gender ratio among workers), age (elderly) and land use mix play very important role in regional pattern in transport mode choice for commuting. These results highlight the dire need for proper development of transport infrastructure and understanding its various dimensions from socioeconomic, demographic and spatial point of view in the context of developing countries.<\/p>

Key Words:<\/strong> Transportation, Commuting, Motorized, Non-Motorized Transport, India<\/p>

<\/i> View Extended Abstract<\/a> <\/i> Download Paper<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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IFMR GSB Working Paper WP19-003<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Product Recalls in India and the Impact on Stock Prices<\/b><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tAuthor(s): \u00a0Vijaya Chebolu-Subramanian, Parthajit Kayal, Prachi Mathur, Tiyasha Khan<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

October 2019<\/p>

In recent times, product recalls are receiving greater attention in India among policy makers, consumers and regulators after major recalls by firms such as Nestle (Maggi) and Johnson and Johnson. Product recalls are also crucial events for investors as they could cause unexpected changes in corresponding stock prices. This paper aims to find if product recall events have a significant impact on stock prices in the Indian context. We examine this using an event study methodology for three sectors: automobiles, food, and drugs. We also check whether the impact is different for voluntary firm led recalls as compared to involuntary government-imposed recalls. The results show that all the three sectors are impacted but differently. We observe a minimal impact on the stock prices of automobile sector while food and drugs are the most impacted sectors. Government initiated recalls show a higher impact than firm led recalls in case of both food and drug sectors.<\/p>

Key Words:<\/strong> Product Recall, India Stock market , Event study<\/p>

<\/i> View Extended Abstract<\/a> <\/i> Download Paper<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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IFMR GSB Working Paper WP19-002<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\u00a0Transport Mode Choice for Commuting: Evidence from India<\/b><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tAuthor(s): \u00a0S Chandrasekhar, Sumit Mishra, Ajay Sharma<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

October 2019<\/p>

Using the first ever available information in Census of India 2011, covering 640 sub-national units (districts) in India, we analyze the correlates of modes of transport used by non-agricultural workers at the regional level covering both rural and urban areas. Providing a holistic picture from the perspective policy and academic perspective, we bring out some key stylized facts. Further, using the Seemingly Unrelated Regression (SUR) estimation, we model the transport mode choice for commuting by the workers in the context of rural and urban India, and further extend it based on distinction in motorized and non-motorized transport modes. We find that urbanization level, population size and density along with education attainment and worker\u2019s sex ratio (gender ratio among workers), age (elderly) and land use mix play very important role in regional pattern in transport mode choice for commuting. These results highlight the dire need for proper development of transport infrastructure and understanding its various dimensions from socioeconomic, demographic and spatial point of view in the context of developing countries.<\/p>

Key Words:<\/strong> Transportation, Commuting, Motorized, Non-Motorized Transport, India<\/p>

<\/i> View Extended Abstract<\/a> <\/i> Download Paper<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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IFMR GSB Working Paper WP19-001<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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HR Practices, Middle Managers and Organizational Change<\/b><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tAuthor(s): S Raghu Raman<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

October 2019<\/p>

The importance of Middle Managers (MMs) to organizational change initiatives is well-entrenched in the literature. However, little is known about the contingencies, in particular the role of HR practices, which impact on MMs\u2019 contributions to change. This study, with India as the backdrop, examines the role of HRM and its impact on MMs involved in change initiatives. Findings are based on two in-depth case studies of organizations in India. The paper concludes that importance accorded to the HR function, the coherence of HR practices with change objectives and devolution of HR responsibilities to MMs have a significant influence on MMs involved in change. In addition, the study also argues that MMs are better supported if HR practices are tempered to suit
the Indian context.<\/p>

Key Words:<\/strong> HR practices, India, Middle Managers, Organizational Change<\/p>

<\/i> View Extended Abstract<\/a> <\/i> Download Paper<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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