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743 items in total found

Journal Articles | 2023

(Farmer) Producer comapneis in India as new generation co-operatives: Case studies of performance and impact from West Bengal India

Sukhpal Singh

One of the innovative alternatives to the traditional cooperative structure has been the new generation cooperatives or cooperative companies, known as producer companies (PCs) in India since the early 2000s. This paper examines the impact of PCs on the member farmer livelihoods, which is not well studied, with the help of member and non-member farmer interview survey in the Indian state of West Bengal. It is found that though the PCs were inclusive of small farmers in their membership, the PC interface with members for farm inputs was not very strong and the output linkage was poor, reaching only a small proportion of member farmers. The Sufal Bangla public supermarket franchise by some PCs was found to make a large difference to the PC performance and its impact on member farmers. The small size of membership in most case study PCs hindered the equity size, leading to working capital and market interface constraints. Therefore, it is important to encourage members to contribute more equity and to reward their output linkage.

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Journal Articles | 2023

The local environment matters: Evidence from digital healthcare services for patient engagement

Ruba Aljafari, Franck Soh, Pankaj Setia, Ritu Agarwal

The creation and delivery of healthcare services are being transformed through patient-engaging digital services. However, their effects on hospital performance are unclear. We build on the theoretical foundations of resource dependency and environmental munificence to identify two characteristics of the hospital’s regional environment, the population’s access to digital computing resources (computing access) and health insurance coverage (service access), that condition the effects of hospitals’ patient-engaging digital services on patient satisfaction and readmissions. We argue that these omitted environmental contingencies may help explain the inconclusive findings reported in prior empirical studies on digital services. Analysis of data collated from a national sample of 941 hospitals nested within 157 regions shows that computing access in the environment strengthens the effect of a hospital’s digital services on readmissions and patient satisfaction. By contrast, service access dampens the moderated effect of digital services and computing access on readmissions, but the effect is not the same for patient satisfaction. Our study offers theoretical and practical implications underscoring the role of environmental heterogeneity in the value hospitals realize from patient-engaging digital services.

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Journal Articles | 2023

The motivation paradox: Understanding contradictory effects of awards on contribution quantity versus quality in virtual community

Shankhadeep Banerjee, Samadrita Bhattacharyya, Indranil Bose

We use the lens of the intrinsic/extrinsic motivation theory to holistically model the effects of intangible awards on member contribution in virtual communities. Using multiple studies on Yelp, we validate that the influence of award stimuli on contribution outcomes become significantly moderated by the aspect of contribution (quantity versus quality) and the novelty of stimuli (time and repetition of awards) to interestingly form divergent (downward versus upward) yet theoretically explicable curvilinear trajectories of contribution. This study contributes to IS literature on virtual communities and social-cognitive literature on work motivation and offers insights to community managers to design better incentive systems.

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Journal Articles | 2023

Pandemic panic? Effects of health system capacity on firm confidence during COVID-19

Balagopal Gopalakrishnan, Jamus Jerome Lim, Sanket Mohapatra

We examine whether firms’ business confidence – defined as their perceptions of risk and sentiment associated with the COVID-19 pandemic – is affected by ex ante health system capacity and ex post government responses. Using firm-level data from 53 countries, we find that ex ante proactive measures, such as healthcare spending and the availability of medical staff, favorably impact firms’ confidence. This effect is, however, moderated by the COVID-19 case load. We also find that the ex post reactive measures, such as health and containment actions and the overall quality of the government response, also bolster business confidence. These effects on confidence vary by firm size and the level of development of the economy, but are largely impervious to prior epidemic experience.

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Journal Articles | 2023

Construction of hypothetical scenarios for central counterparty stress tests using vine copula

Aniket Bhanu, Vineet Virmani

Central counterparties carry out stress tests using historical and hypothetical stress scenarios to assess the adequacy of their default management resources. Parametric models for the construction of hypothetical stress scenarios require expert judgment in parameter setting and substantial model assumptions. We propose a nonparametric method for the generation and/or validation of hypothetical stress scenarios using the vine copula. Our method is superior to others because it allows for the modeling of individual marginal distributions of multiple risk factors independent of joint distribution structures as well as capturing nonlinear tail dependence and fat tails. We show that the method can be extended for generating coherent stress scenarios for multiple central counterparties or clearing services, and that the generated scenarios are “extreme but plausible”. Our method is also pragmatic: use of the vine copula makes the method scalable for large numbers of risk factors, and we propose a fast screening algorithm to reduce computational requirements by quickly identifying small numbers of stress scenarios from a large number of simulations.We also demonstrate the plausibility of scenarios generated using the proposed method.

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Journal Articles | 2023

Harvesting the volatility smile in a large emerging market: A dynamic Nelson-Siegel approach

Sudarshan Kumar, Sobhesh Kumar Agarwalla, Jayanth R. Varma, Vineet Virmani

While there is a large literature on modeling volatility smile in options markets, most such studies are eventually focused on the forecasting performance of the model parameters and not on the applicability of the models in a trading environment. Drawing on the analogy of volatility smile like a term structure in the context of interest rates in fixed-income markets, we evaluate the performance of the Dynamic Nelson–Siegel (DNS) approach to modeling the dynamics of volatility smile in a trading environment against competing alternatives. Using model-based mispricing as our sorting criterion, and deploying a trading strategy of going long the options in the upper deciles and going short the options in the lower deciles, we show that dynamic models consistently outperform their static counterparts, with the worst dynamic model outperforming the best static model in terms of the percentage of mean returns from the trading portfolios and the Sharpe ratio. Specifically, we find that the DNS model consistently outperforms all other competing specifications on most of our selected criteria.

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Journal Articles | 2023

Achieving social and economic sustainability through innovations in transformative services: A case of healthcare organizations in an emerging market

Amalesh Sharma, Sourav Bikash Borah, Aitya Christopher Moses

Resource-poor organizations serve a significant portion of emerging markets’ healthcare industries. Such organizations engage in transformative services. However, given emerging markets’ ever-changing dynamics, it is unclear whether transformative services suffice for such organizations to move towards economic and social sustainability. We present two studies undertaken in the context of missionary hospitals in India. Study 1 identifies that hospitals rely on innovations in transformative services, driven by the co-creation of knowledge by various stakeholders, to remain socially and economically sustainable. Study 2 develops and tests hypotheses using data from 183 hospitals, showing that employee voice, community engagement, and diversity of organizational expertise increase innovation in transformative services at a decreasing rate, while resource munificence and commercialization emphasis moderate the antecedents’ effects. Post hoc analyses show that innovation in transformative services positively affect economic and social sustainability, and that awareness creating efforts moderate these relationships. More broadly, innovations in transformative services are critical for emerging markets’ resource-poor organizations’ economic and social sustainability.

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Journal Articles | 2023

A decentralized approach to model national and global food and land use systems

Mosnier, A., Javalera-Rincon, V., Jones, S. K., Andrew, R., Bai, Z., Baker, J., ... & Zerriffi, H.

The achievement of several sustainable development goals and the Paris Climate Agreement depends on rapid progress towards sustainable food and land systems in all countries. We have built a flexible, collaborative modeling framework to foster the development of national pathways by local research teams and their integration up to global scale. Local researchers independently customize national models to explore mid-century pathways of the food and land use system transformation in collaboration with stakeholders. An online platform connects the national models, iteratively balances global exports and imports, and aggregates results to the global level. Our results show that actions toward greater sustainability in countries could sum up to 1 Mha net forest gain per year, 950 Mha net gain in the land where natural processes predominate, and an increased CO2 sink of 3.7 GtCO2e yr−1 over the period 2020–2050 compared to current trends, while average food consumption per capita remains above the adequate food requirements in all countries. We show examples of how the global linkage impacts national results and how different assumptions in national pathways impact global results. This modeling setup acknowledges the broad heterogeneity of socio-ecological contexts and the fact that people who live in these different contexts should be empowered to design the future they want. But it also demonstrates to local decision-makers the interconnectedness of our food and land use system and the urgent need for more collaboration to converge local and global priorities.

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Journal Articles | 2023

Combining profit and purpose: Paradoxical leadership skills and social–business tensions during the formation and sustenance of a social enterprise

K V Gopakumar, Vishal Gupta

Borrowing from paradoxical leadership literature and using the case of a social enterprise formed from a traditional nonprofit, the present study identifies a set of multilevel skills that helped the leader address the two social–business tensions, namely, continuance as a nonprofit and the forming of a social enterprise and the sustenance of a social enterprise and preventing the drift towards a for-profit orientation during the formation of social enterprise and in its sustenance thereafter. The individual-level paradoxical leadership skill of balancing idealism and pragmatism, the organizational-level paradoxical leadership skill of navigating organizing contradictions, and the societal-level skill of gauging societal developments and their organizational implications helped address the two different manifestations of social–business tensions during the formation and sustenance of a social enterprise. Implications for paradoxical leadership, social–business tensions, and social enterprise literature are discussed.

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Journal Articles | 2023

Moving the mountain: Stigma removal, strategic industry, and the Indian civilian nuclear industry

K V Gopakumar, M P Ram Mohan, Kshitij Awasthi

The present study examines stigma removal in the context of strategic industries. Strategic industries are critical from a national interest perspective and may not be able to engage in conventional stigma management strategies, such as concealment, dilution and coopting stakeholders, identified in extant literature. The present in-depth qualitative study of the Indian civilian nuclear energy industry, a strategic industry within the Government of India, identifies two strategies, namely dependency reduction and category repositioning through responsible behaviour, employed in order to eradicate a global level stigma. The study concludes with implications for strategic industries and stigma management literature.

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