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743 items in total found

Journal Articles | 2022

Imprinting effects of exposure to the Indian independence movement on export intensity of firms

Saikat Banerjee, Amit Karna, and Sunil Sharma

Journal of Business Research

Extending the concept of historical imprinting and organizational learning, we propose that the prior exposure to the Indian independence movement negatively influences the export intensity of firms. Firm-specific characteristics such as business group affiliation and entrepreneurial orientation act as dynamics of amplification and encourage to utilize the organizational learning gained from the historical imprinting. Business group affiliation strengthens the negative relationship between prior exposure to the Indian independence movement and export intensity. Entrepreneurial orientation strengthens the moderating effect of business group affiliation and prior exposure to the Indian independence movement on export intensity resulting in a three-way interaction effect. We test the hypotheses using panel data of 1,817 Indian firm-year observations for 309 firms from 2007 to 2016. We also discuss the theoretical and managerial implications of our findings.

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Journal Articles | 2022

Work from home amenability and venture capital financing during COVID-19

Jagriti Srivastava and Balagopal Gopalakrishnan

Applied Economics

This paper examines the impact of COVID-19 on venture capital financing of firms. We find a significant shift in the profile of firms that obtain venture capital financing during the pandemic-induced economic crisis. Firms in industries that are more amenable to work from home obtain greater amounts of financing. Growth-stage firms operating in amenable industries are able to obtain higher financing than early-stage firms. The higher financing obtained by firms in amenable industries is driven by venture capital funds focused on the domestic market. Additionally, the higher financing is obtained from a single venture capital investor rather than a consortia of investors. Taken together, the preference of venture capital funds indicate a less risk-averse behavior in financing firms amenable to remote working. The findings of our study using monthly firm-level data provide insights on venture capital financing during the pandemic.

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Journal Articles | 2022

From fear to courage: Indian lesbians’ and gays’ quest for Inclusive ethical organizations

Ernesto Noronha, Nidhi S. Bisht, and Premilla D’Cruz

Journal of Business Ethics

This paper focusses on the experiences of Indian lesbians and gays (LGs) who are subjected to unethical acts of workplace bullying which get manifested through constant guesswork, comments and questioning about their sexual identity in the hostile Indian context. Given this, LG participants usually opt for secrecy and lead a double life, using ‘passing’ and ‘covering’ strategies to manage economic, social and psychological risks. Nonetheless, this paper rewrites the negative tenor of lesbians, gays, bisexuals and transexuals research by underscoring how LG participants move from fear to courage in their endeavour to live authentic lives while considering the broader organizational and social context. We argue that their courage is manifested mainly through deliberate micro-disclosures and a sense of defiance which can be enhanced if organizations are designed to be more inclusive and ethical. Consequently, participants defined inclusive ethical organizations as having conducive environments with trustworthy, supportive, secure, fair, unbiased and safe non-discriminatory policies open to the idea of diverse sexual orientations. Our findings point to the fact that, first and foremost, organizations must be crafted and sustained to be courageous within a hostile social climate, for employees to overcome their fears.

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Journal Articles | 2022

Work life balance indicators and Talent Management approach: A qualitative investigation of Indian luxury hotels

Sunil Buddhiraja, Biju Varkkey, and Stephen McKenna

Employee Relations: The International Journal

Purpose – The purpose of the study is twofold: (1) it captures the work–life balance (WLB) experiences of front-office employees to inductively classify a set of WLB indicators for the locally owned Indian luxury hotels and (2) it further examines the existing WLB practices of the select hotels with the lens of talent management (TM) approach of key human resource management (HRM) practices (Thunnissen, 2016). Design/methodology/approach – To explore and classify WLB indicators, an exploratory, qualitative approach is utilized by administering seven focus group discussions involving 70 front-office employees working in Indian luxury hotels. Seven in-depth interviews with HR professionals were triangulated with secondary data to capture and analyse the existing WLB practices of sampled organizations. Findings – Four clusters of WLB indicators that are grounded in the lived experiences of front-office employees are identified and presented. Interview data from human resource representatives unveil that hotels consider existing WLB practices as key HRM practices with an inclusive TM approach. The findings also surface the differences in expectations of front-office employees and WLB practices followed by the hotels. Research limitations/implications – First, the paper addresses the issue of WLB from employees’ perspective which is crucial for designing effective WLB practices. Second, the paper contributes to the existing TM literature from the perspective of WLB practices. Originality/value – The originality of the study is grounded in the employees’ lived experiences to classify the WLB indicators for India and further examine the WLB practices through the lens of the TM approach.

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Journal Articles | 2022

Pre-Kautilyan period: Crucible of pro-economic ideas and practices

Satish Deodhar

Annals of the Bhandarkar Oriental Research Institute

A number of studies have been conducted in the recent past throwing light on Kautilya’s contribution to economic policy. In his treatise Arthashastra, Kautilya informs that his contribution was based on received knowledge and gives credit to his predecessors. Unfortunately, the specialized works of the predecessors have been lost with the passage of time. I have attempted to scout and collate the economic notions that have appeared interspersed in the available Sanskrit treatises written prior to Arthashastra. Kautilya’s Arthashastra must have evolved from the crucible of such literature. In this context I discuss the four-fold classifications of purusharthas, ashramas, and varnas referenced in ancient texts and their attendant economic implications in the society then. I also cover the economic notions at the macro and institutional level which include policies of a welfare state, practical ideas about public goods, market facilitation, property rights, labour relations and unions, coinage, taxation, and budget deficit.

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Journal Articles | 2022

First-generation and continuing-generation college graduates’ application, acceptance, and matriculation to US medical schools: A national cohort study.

Hyacinth RC Mason, Ashar Ata, Mytien Nguyen, Sunny Nakae, Devasmita Chakraverty, Branden Eggan, Sarah Martinez, and Donna B. Jeffe

Medical Education Online

Many U.S. medical schools conduct holistic review of applicants to enhance the socioeconomic and experiential diversity of the physician workforce. The authors examined the role of first-generation college-graduate status on U.S. medical school application, acceptance, and matriculation, hypothesizing that first-generation (vs. continuing-generation) college graduates would be less likely to apply and gain acceptance to medical school.Secondary analysis of de-identified data from a retrospective national-cohort study was conducted for individuals who completed the 2001–2006 Association of American Medical Colleges (AAMC) Pre-Medical College Admission Test Questionnaire (PMQ) and the Medical College Admissions Test (MCAT). AAMC provided medical school application, acceptance, and matriculation data through 06/09/2013. Multivariable logistic regression models identified demographic, academic, and experiential variables independently associated with each outcome and differences between first-generation and continuing-generation students. Of 262,813 PMQ respondents, 211,216 (80.4%) MCAT examinees had complete data for analysis and 24.8% self-identified as first-generation college graduates. Of these, 142,847 (67.6%) applied to U.S. MD-degree-granting medical schools, of whom 86,486 (60.5%) were accepted, including 14,708 (17.0%) first-generation graduates; 84,844 (98.1%) acceptees matriculated. Adjusting for all variables, first-generation (vs. continuing-generation) college graduates were less likely to apply (odds ratio [aOR] 0.84; 95% confidence interval [CI], 0.82–0.86) and be accepted (aOR 0.86; 95% CI, 0.83–0.88) to medical school; accepted first-generation college graduates were as likely as their continuing-generation peers to matriculate. Students with (vs. without) paid work experience outside hospitals/labs/clinics were less likely to apply, be accepted, and matriculate into medical school. Increased efforts to mitigate structural socioeconomic vulnerabilities that may prevent first-generation college students from applying to medical school are needed. Expanded use of holistic review admissions practices may help decision makers value the strengths first-generation college graduates and other underrepresented applicants bring to medical educationand the physician workforce.

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Journal Articles | 2022

Prospect theory preferences and global mutual fund flows

Nilesh Gupta, Anil V. Mishra, and Joshy Jacob

Journal of International Money and Finance

We examine the influence of Cumulative Prospect Theory (CPT) characteristics of fund returns on investment flows with a cross-country data of equity mutual funds. We find that a larger CPT value of the style-adjusted past returns is associated with higher fund flows in the subsequent quarter. The impact is greater for retail-oriented funds, relatively younger funds, and those with higher active share. While funds that score high on the CPT value attract incremental fund flows, they earn a lower alpha than their peers in the following year. The sensitivity of fund flows to the CPT characteristics is higher in countries with greater individualism and short-term orientation. The results are robust to several additional tests and hold across various subsamples of our data. The findings imply that investors have misplaced expectations about the future performance of funds that show higher CPT values and the fund managers cater to these investor preferences.

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Journal Articles | 2022

A bilevel conic optimization model for routing and charging of EV fleets serving long distance delivery networks

Vignesh Subramanian, Felipe Feijoo Sriram Sankaranarayanan, Kevin Melendez, and Tapas K. Das

Energy

Recent unveiling of electric semi-trucks by a number of electric vehicle manufacturers indicates that part of the existing long-distance transportation fleets may soon be electrified. Operators of electric fleets will have to select travel routes considering charging station availability and cost of charging in addition to usual factors such as congestion and travel time. This requires combined modeling of transportation and electric power networks. We present such a model that considers interactions between the two networks to develop optimal routing strategies. The problem is formulated as a multi-objective bilevel conic optimization model. The upper level obtains the routing decision by minimizing a function of charging cost and travel time. The routing decision is used in the lower level that solves the AC optimal power flow model, using second order cone constraints, to determine nodal electricity prices. The model is demonstrated using a numerical problem with 24-Node transport network supported by a modified 5-Bus PJM network. The results show that our model yields optimal routes and charging strategies to meet the objectives of fleet operators. Results also indicate that the optimal routing and charging strategies of the electrified transportation fleet can support power networks to reduce nodal prices via demand response.

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Journal Articles | 2022

Domestic workers and sexual harassment in India: Examining preferred response strategies

Akshaya Vijayalakshmi, Pritha Dev, and Vaibhavi Kulkarni

World Development

The purpose of this research is to understand how women working as domestic workers, who are part of the informal sector, are likely to respond to sexual harassment incidents. Unlike the organized sector, women in informal and nontraditional workspaces often do not have access to formal organizational mechanisms for lodging complaints, thus making it important to understand their response strategies. To understand their likely response to sexual harassment in the informal sector, we conducted a detailed survey of 387 domestic workers in India where we presented each respondent with eleven possible sexual harassment scenarios and nine possible responses to each such scenario. We find that (a) women are most likely to employ strategies that are self-focused and with minimal support from friends/family. (b) Women complain to authorities/family only when they can furnish evidence of harassment. (c) Women are not likely to complain to their female supervisor under any circumstances. And (d) unsurprisingly, poorer, and migrant women are likely to be more silent than women who are relatively better-off about harassment. The results, in brief, show a distrust of the current systems. By examining this informal and unorganized workspace, we offer a stronger theoretical understanding of employee responses to sexual harassment and provide practical suggestions.

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Journal Articles | 2022

Impact of price path on disposition bias

Avijit Bansal and Joshy Jacob

Journal of Banking & Finance

Recent experimental studies have illustrated the influence of price-path, particularly the `non-straight' price-path on several aspects of investor behavior. The paper computes a proxy for price-path based on Cumulative Prospect Theory and with investor- level high-frequency trade data from the commodities futures market, demonstrates that the nature of the price-path significantly impacts the degree of disposition bias, after controlling for the level of returns and volatility of the commodity. We find that the experience of a favorable (unfavorable) price-path, decreases (increases) disposition bias among the traders with Prospect Theory preferences. The decline (increase) in disposition bias is an outcome of the decline (increase) in the propensity for gain realization, accompanied by a concurrent increase (decline) in the propensity for loss realization among the traders. We conjecture that both investor preferences and beliefs about future price movement, inferred from the price-path experienced, influence their trading decisions.

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