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2757 items in total found

Working Papers | 1987

Incidence of Deferred Tax Due to Depreciation: An Empirical Study

Parikh Shweta and Srinivasan G

Deferred tax arises due to difference in the reported income and taxable income. In India it is not obligatory for corporations to provide for deferred tax which results in mismatch of tax liability and pre-tax income. In this study we look into the incidence of tax deferral due to difference in depreciation methods. A sample of thirty companies have been studied for four years. We have presented the extent of tax deferral and the resultant overstatement of reported income in the sample companies. The trend of overstatement over the years is also analysed and the implications are highlighted.

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Working Papers | 1987

Regional Development Policy: An International Survey of Incentive Scheme

Ramachandran K

Industrialisation of backward areas has attracted the attention of governments all over the world, both developing and advanced. These efforts vary from direct investment to indirect assistance. This paper reviews the scheme of assistance offered, broadly categorised as physical financial and fiscal incentives. Data for this study were collected from a mail survey of incentive schemes and published literature. No particular sampling technique was used to select the countries for study. This analysis of schemes in fiftyfive countries suggests that fiscal incentives are used as the major incentive in poor countries, whereas financial incentives are more important in rich countries. The type of incentive offered depends on the capacity of country to spare funds for regional development and the risks involved in blocking up scarce resources in unused investments. Advanced countries compete among themselves to attract international investments by offering liberal incentives. Also, incentives are more where environmental risk is high. The findings are useful to regional development policy making in countries at different levels of development to draw on the experiences of others. The pattern of changes in regional incentives is useful to understand the structure of incentive system.

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Working Papers | 1987

Research on Women in Management: A Developmental Perspective

Parikh Indira J and Kumar G Arun

Women and development have acquired significant attention since last two decades. This attention has been two fold. One has been the overall integration of women in development of the economic growth of the nation while the other has been the issued of security in status and allocation of resources for their growth and partnership. The Indian experience suggests an increasing number of educated and professionally trained women enter formal settings of organizations which range from private, government and multi-nationals. Women are of an integral part of banking and financial institutions, communication media, travel and Life Insurance Corporations. This paper reviews five distinct areas of research. 1. Women's entry in management and the resultant home-work interface. 2. Actual managerial role taking and its interface with organizations. 3. Women's role taking anchored in the socio-cultural processes and as such role taking and its interface with culture. 4. Women's role and its interface with development. 5. Studies of individual women who have broken through the barriers and achieved success. This paper proposes that one of the critical and significant area of research on women in management would be to identify women's institutional role and institutional processes which they perceived as their resource in the social setting. Finally this paper also proposes research on values women hold, and the changing profile if young women, which would provide insights into the coming generation of women managers in India.

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Working Papers | 1987

Implications of the Changes in the Holding Period and other Parameters on Systematic Risk and Performance of a Security

Samir K. Barua, T. Madhavan, and Ragunathan V

The Capital Asset Pricing Model is a single period model which specifies a linear relationship between return on an asset and return on the entire market. The model is widely used in literature as if a portfolio of securities can be designed based on a unique value of systematic risk. In this paper it is shown that in reality it is not possible to design a portfolio based on a unique value of systematic risk and performance index of securities, since both these measures are a function of not only the holding period, but also the values of expected market return and the risk-free rate of return likely to prevail for the period under consideration. Further, using computer simulation the paper captures the extent of impact of the holding period, expected market return, risk-free rate of return and the interaction of the holding period and expected market return together, on the single period measure of systematic risk and performance index of a security. The simulation results also show that other parameters such as the variance of market return, variance of the error term and other combinations of interaction terms do not have any significant impact on the single period measure of systematic risk.

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Working Papers | 1987

Job Stress of a Creative Manager

Manimala Mathew

The 'inverted-U' relationship between stress and performance is well-known. It is reasonable to assume a similar relationship between stress and creativity. However, very little is known about the reverse relationship; the stress potential of creativity has rarely been studies. The major hypothesis of this paper is that because of the special characteristics of the creative person and the nature of the creative process, it is likely that there are a few special types of stress experienced by the creative manager, which are moderated by the organizational context. The model that emerges views the job stress of a creative manger as a consequence of the interaction among (1) the traits of the creative person, (2) the nature of creative process and (3) the organizational context. The special traits of the creative personality may make him susceptible to stresses such as pressures of conformity goal/role ambiguity, task difficulties, exposure to hazards, boredom with routines, social boycott, loneliness, interpersonal conflicts and time-pressure. For the owner-manager, the most important of these is loneliness. Stresses implied by the nature of the creative process may be identified as self-doubt, agony of abandoning pet notions and theories, feeling of stuckness, outcome/uncertainty, fear of failure, communication anxiety, evaluation anxiety, difficulties in keeping up group morale and interpersonal problems. The organization context may mitigate or enhance one or the other of these stresses. For example in a non-creative organization/role, the most dominant stresses will be boredom, frustration, self-role distance, role-stagnation, approach avoidance conflicts about the job and the like. In a creative organization, however, the influence of the organizational context is minimal on the stresses resulting from the personality traits, the creative process and/or their interaction. Since the job-stress of a creative manager is viewed as an outcome of the interaction of three variables, the coping strategies adopted would depend on the extent of influence of the personal and organization variables in a particular context, assuming that the creative process remains largely unchanged. Hence, the coping strategies are broadly classified into two, namely, the personal and the organizational, which are also discussed in some detail.

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Working Papers | 1987

Founder-Culture in Organizations - Its Impact on Organizational Growth, Dynamism and Innovativeness

Manimala Mathew

Organizational culture has recently emerged as one of the prominent focuses of organization research. This is partly because of the disillusionment with the research on the more 'objective' phenomena such as structure and technology. Several researchers point out that culture could be the most important factor that 'determines' the other characteristics and performance of an organization. It may be naturally asked how an organization's culture evolves. One of the hypotheses of this paper is that a major influence on the development of organization culture is the founder. A review of existing research shows that the founder's influence is critical and is difficult to change except during a crisis created by changes in the environment. It is also proposed that the type of culture would vary with the type of founder. An external (or organization) oriented founder (as opposed to a self-oriented one) is likely to create a professional, dynamic and sometimes innovative organization. On the other hand, the organization created by the self-oriented founder would remain non-professional, and non-innovative, characterised by limited growth and dynamism except if it changes its culture in response to a change in the environment and a consequent crisis within the organization. The change, which may take place either through 'heretics' in an incremental fashion, or through new leaders in a discontinuous fashion, can turn these organizations around to make them adaptively or innovatively dynamic. The paper discusses these influences and changes through a model of founder's influence on organizational culture along with eight other propositions.

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Working Papers | 1987

Organization Development in Social Development Organizations

Manimala Mathew

Social Development Organizations (SDOs) have an important role to play in the social and economic development of the people particularly in developing countries following capitalist/mixed economy systems. However, many SDOs are organizationally ill-equipped to carry out their important functions in society. This is partly because of their origin as a half-heartedly tolerated appeasement tool with inappropriately borrowed values, structures and systems, and partly because conventional OD values and techniques developed in the context of industrial/commercial organizations have limited success with SDO's which are different from other organizations in their more humanitarian value systems, greater need for client orientation, greater dependence on external, scarce and uncertain resources, greater need to co-operate with other agencies and so forth. While SDOs do have some common characteristics, they cannot be considered a homogeneous lot. They differ among themselves on the basis of their greater or lesser orientation towards rules, structure, expertise, value, need, people, external agencies and the like. Thus, the OD needs of SDOs are different, on the one hand, from those of the industrial/commercial organizations and, on the other hand, among different types of SDOs. OD in SDOs should focus on : (1) value management, (2) perspective management, (3) participation management, (4) dependency management, and (5) withdrawal management. Specific OD needs of government and voluntary SDOs are discussed, and the directions of future change in OD with special reference to SDOs are indicated.

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Working Papers | 1987

Values, Design and Development of Strategic Organizations

Garg Pulin K and Parikh Indira J

This paper explores the connotations of concepts of social development, Organizations and values in the Indian society. Social Development has so many meanings that no coherent action seems to emerge. The Indian scene, in recent decades, is also animated by an unprecedented effloresce of all varieties of organizations : governmental, non-governmental and private voluntary ones. Some of these are definitely engaged in social development. These organizations tend to operate more as structures held together by leaders with charisma who good, cajole, tempt, reward and punish the organization members for producing outputs and results. A fully functioning organization involves two modalities-the institutional and structural, with their support systems. The institutional modality (representing coherence of philosophy, mission, and direction) requires sentient systems to sustain the process of meaning-making in organization. The structural modality (representing the congruence of concepts of business, strategy goals, etc.) requires management and administrative systems to make organizations functionally effective. In the second section, the paper provides a brief narrative on the values (normative, phenomenological, and existential) that get internalized in organizations through various mechanisms and interfaces. Thereafter, a comparative analysis of the different ethos (Indian and western) at inter-play in Indian organizations is provided. These illustrations highlight the cultural context of Indian organizations wherein both the ethos and the design are neither congruent nor convergent with the values operative in role taking processes. Hence, greater ingenuity, innovativeness and adaptiveness are needed for designing strategic organizations, Particularly for social development. It is necessary to identify the institutions needed to foster the sentient-investment of the community for initiating new organizations. Furthermore, there is a need for creating institutions of debriefing to create a shared, concrete concept of organizational reality in terms of demands and policies. The organizational model being outlined in our paper endeavours to harmoniously blend the value considerations and structural exigencies in the design of developmental organizations.

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Working Papers | 1987

A Project is a Compound - Not a Mixture: Conceptual Problems in Valuation

Ragunathan V and Srinivasan G

There is considerable literature in the field of finance concerning the valuation of negative cash flows. Consequently, it is widely held that a project should be valued by valuing each component of the project's cash inflows and outflows separately, either by discounting the cash flowing at appropriate RADRs or by using the certainty equivalent approach. This paper discusses the implicit inadequacies in using the above approach for project evaluation and recommends valuing the Net Cash Flow of the project either by using a single RADR or using the certainty equivalent framework.

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Working Papers | 1987

Demand for Money: An Empirical Examination of Unsettled Issues for India

Gupta G S

The paper examines the unsettled issues on the demand for money function with a particular reference to India. It uses the annual time series data for the period 1954-55 through 1982-83. A special feature of the study is that it generates a uniform series on the narrow money concept (M1) for the whole sample period, and employs the same for empirical estimation and testing. The principal findings are: a. Both the narrow and wide concepts of money are well explained by the well-known and limited number of arguments in the money demand function. Thus, on this criterion, either definition of money is equally acceptable. b. Permanent income is more relevant than the measured income in the money demand function. c. The ratio of non-agricultural income to agricultural income was found to be irrelevant argument in the money demand function. This, in some sense, argues against the hypothesis of different money demand elasticities with respect to the two components of aggregate incoem. d. Short-term rate of interest has proved to be the relevant interest rate in the money demand function.

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