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3899 items in total found

Working Papers | 2018

Does Entrepreneurial Logic Impact Funding Evaluation of Startups?

Rajesh Jain, Valerie Mendonca, Neharika Vohra, and Supriya Sharma

From a neoclassical economics perspective, entrepreneurship involves rational decision-making and entrepreneurs engage in rational, goal-driven behavior. However, such a view is put to test in current, dynamic business environments characterized by high level of uncertainty. Expert entrepreneurs adopt a nimble, iterative and effectual approach to be able to navigate such dynamic environments. While there is growing confidence about the desirable outcomes of an effectual logic, there is limited evidence based understanding of how such a logic is perceived by stakeholders in the entrepreneurial ecosystem. For instance, how do investors assess causal vs. effectual logics of entrepreneurs? This study attempts to pursue this question. We use data from a national level entrepreneurship competition held in India in 2015 to understand the influence of entrepreneurs' logics on their funding outcomes. We find that the logics of the selected and not selected entries are significantly distinct. Furthermore, results from a binary logistic regression reveal an inclination of investors towards causal logic. Adoption of causal logic increases a startup's chances of funding by about 50%. Findings are discussed in reference to implications for the current entrepreneurship ecosystem.

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Working Papers | 2018

Leadership and Management of Public Sector Undertakings in an Emerging Economy

Vishal Gupta, Swanand Kulkarni, and Naresh Khatri

Public Sector Undertakings (PSUs) contribute significantly to the growth and economic development of any country. This study explores the key managerial challenges faced by the leaders and managers of public sector organizations. We interviewed 42 senior managers of PSUs from various industries representing 12 Indian states representing all the regions of India. Specifically, three key managerial challenges emerged in our study: political interference and lack of autonomy, rigid rules and HR practices, and lack of employee motivation. Positive leader personality, communication skills, change- and relation-oriented behaviors, HR skills, and decision-making emerged as top leader qualities. Staffing, training and development and performance management emerged as the top priorities of HR departments of PSUs. Public-service motivation, job security and work environment were the top reasons for continuing to work in PSUs for Indian leaders. Implications for theory and practice are discussed.

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Working Papers | 2018

Is the Past Still Holding Us Back? A Study on Intergenerational Education Mobility in India (revised as on 26.09.18)

Kishan P K V

This paper explores various aspects of, and factors affecting intergenerational education mobility in India. We employ IHDS-II (2011-12) and prepare a representative dataset that goes beyond 'co-resident only' son-father pairs by utilizing the retrospective information conveying the educational attainment of the father of the male household head. From the resulting sample of 44,532 son-father pairs and appropriate cohort analysis, we find that there is still a high degree of intergenerational persistence in education, although the same is decreasing steadily over time. Through quantile regressions, we detect a non-linearity in the relationship between fathers' and sons' schooling outcomes along the education distribution. Moreover, the mobility gap between the historically advantaged subgroups (urban population, upper castes, Hindus, etc.) and the others (rural population, lower castes, Muslim, etc.) increasingly widens along the middle and upper quantiles of the distribution. Finally, "Higher Inequality (during fathers' generation) à Lesser Mobility" nexus in education plays out for the Indian scenario and thus corroborates the 'Great Gatsby Curve'. Other macro variables, economic growth and public expenditure in education, bear a positive association with education mobility.

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Working Papers | 2018

Indian Antecedents to Modern Economic Thought

Satish Y. Deodhar

The history of economic thought begins with salutations to Greek writings of Aristotle and Plato. While the fourth century BCE Greek writings may have been the fount of modern economic thought that emerged in Europe starting 18th century CE, there has been a general unawareness of the economic thinking that emanated from the Indian subcontinent. Pre-classical thoughts that had appeared in Vedas dating a millennium prior to the Greek writings had culminated in their comprehensive coverage in the treatise Arthashastra by Kautilya in the fourth century BCE. In this context, the paper outlines various ancient Indian texts and the economic thoughts expressed therein, delves on the reasons why they have gone unnoticed, brings to the fore the economic policies laid down by Kautilya, shows how these policies exemplify pragmatic application of the modern economic principles, and brings out in bold relief, the contribution of this Pre-Classical literature in the history of economic thought.

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Working Papers | 2018

Marketplace Options in an Emerging Economy Local Food Marketing System- Producers' Choices, Choice Determinants and Requirements

Aashish Argade and A. K. Laha

One of the important objectives of reforms in Indian agricultural marketing was to stimulate competition in the local food marketing system dominated by the state-regulated APMC marketplaces. This study was taken up to understand the different kinds of marketplaces that were available to producers besides the APMCs. Based on survey conducted in one of the pioneering states that introduced reforms, it was found that APMC and farm-gate emerged as the dominant marketplace options. The factors influencing choice of marketplaces were identified using binary logistic regression. Perishability of the produce, and services such as grading, storage and transport provided by buyers were found to be significant determinants of marketplace choice. A post-hoc survey was conducted to gauge farmers' expectations of services and facilities of a marketplace by presenting four scenarios. Even as farmers seem to expect a full-fledged APMC with wide-ranging facilities, warehousing seemed to be their major requirement. Willingness to pay for facilities and services was an important takeaway from the findings. The study has important implications for policy design and implementation, and scope for private sector participation

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Journal Articles | 2017

Energy appliance transformation in commercial buildings in India under alternate policy scenarios

Amit Garg, Jyoti Maheshwari, P.R.Shukla, and Rajan RawalKordrostami

Energy, 140(1), 952-965

The total electricity consumption from commercial sector was about 9% during 2013–14 in India. Load research survey was carried out to study the usage patterns for all types of electric appliances used in commercial establishments at income, appliance and end-use levels in Gujarat state of India – one of the most progressive states. Penetration level of efficient appliances, electricity load curves and Energy Performance Index (EPI) were estimated. The mean EPI was 98 kWh/m2/year (SD = 105.5) for surveyed small commercial establishments (low income) while mean EPI was 181 kWh/m2/year (SD = 68) for surveyed large commercial establishments (Malls). Electricity saving potentials was estimated if electric appliances at these commercial establishments were replaced with efficient appliances. Four alternate scenarios were analyzed using cost of conserved energy (CCE) curves with various efficiency enhancement options – following at least commercial sub-category level median EPIs, following average EU equivalent EPI levels, following average EPI levels of equivalent US commercial establishments, and following the best available technologies (BAT). The average energy savings ranged between 14% and 25% across buildings and scenarios. Energy efficient air-conditioner and LED lights offer the highest energy savings potential among appliances.

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Journal Articles | 2017

Urban common service generation, delivery and management: A Conceptual Framework

Arpit Shah and Amit Garg

Ecological Economics

Urban commons are currently not studied holistically under the rationale used by the ecosystem cascade framework. In this paper, we build on the ecosystem cascade framework to present a conceptual model that provides a comprehensive view of urban common resources and allows decision-makers to develop suitable interventions to meet objectives of sustainability and equity. The model looks at the role of and explains the linkages between urban commons' biophysical structures, user population characteristics, power dynamics, use behavior, benefits generated, and management strategies. The model adds to existing literature by focusing on direct benefits and equity and by elaborating on the role of transaction costs and management strategies in governing urban commons. Considering direct benefits allows for a complete picture of overall benefits while making governance decisions, as opposed to considering benefits received only through human effort. Focusing on power asymmetries between stakeholders highlights the inequities created in accessing benefits from urban commons. Elaborating on management strategies provides greater insight into the complexities of managing urban commons and the impacts that governance decisions can have. Finally, including transaction costs highlights the factors that influence costs of managing resources. We illustrate the use of the model with literature from urban India.

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Journal Articles | 2017

Relevance of clean coal technology for India’s energy security: A policy perspective

Amit Garg, Vineet Tiwari, and Saritha Vishwanathan

IOP Conference Series: Earth and Environmental Science

Climate change mitigation regimes are expected to impose constraints on the future use of fossil fuels in order to reduce greenhouse gas (GHG) emissions. In 2015, 41% of total final energy consumption and 64% of power generation in India came from coal. Although almost a sixth of the total coal based thermal power generation is now super critical pulverized coal technology, the average CO2 emissions from the Indian power sector are 0.82 kg-CO2/kWh, mainly driven by coal. India has large domestic coal reserves which give it adequate energy security. There is a need to find options that allow the continued use of coal while considering the need for GHG mitigation. This paper explores options of linking GHG emission mitigation and energy security from 2000 to 2050 using the AIM/Enduse model under Business-as-Usual scenario. Our simulation analysis suggests that advanced clean coal technologies options could provide promising solutions for reducing CO2 emissions by improving energy efficiencies. This paper concludes that integrating climate change security and energy security for India is possible with a large scale deployment of advanced coal combustion technologies in Indian energy systems along with other measures.

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Journal Articles | 2017

HMiner: Efficiently mining high utility itemsets

Srikumar Krishnamoorthy

Expert Systems with Applications

High utility itemset mining problem uses the notion of utilities to discover interesting and actionable patterns. Several data structures and heuristic methods have been proposed in the literature to efficiently mine high utility itemsets. This paper advances the state-of-the-art and presents HMiner, a high utility itemset mining method. HMiner utilizes a few novel ideas and presents a compact utility list and virtual hyperlink data structure for storing itemset information. It also makes use of several pruning strategies for efficiently mining high utility itemsets. The proposed ideas were evaluated on a set of benchmark sparse and dense datasets. The execution time improvements ranged from a modest thirty percent to three orders of magnitude across several benchmark datasets. The memory consumption requirements also showed up to an order of magnitude improvement over the state-of-the-art methods. In general, HMiner was found to work well in the dense regions of both sparse and dense benchmark datasets.

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Journal Articles | 2017

The Impact of self-deception and professional skepticism on perceptions of ethicality

Sobhesh Kumar Agarwalla, Naman Desai, and Arindam Tripathy

Advances in Accounting

This paper examines the impact of two contradictory psychological traits, self-deception (SD) and professional skepticism (PS), on individuals' assessment of ethicality of various earnings management choices. Whereas, SD allows individuals to reduce cognitive dissonance arising from self-serving unethical behavior, PS would force individuals to question such self-serving behavior and, as a result, could make them less likely to act unethically. Our results indicate that SD, PS, and participant type significantly affected the participants' ethicality ratings. Managers exhibiting high (low) SD and low (high) PS view the earnings management techniques that were generally considered to be unethical, as relatively more (less) ethical. However, the SD and PS scores of accountants are not significantly related to their ethicality ratings. This result could be driven by the fact that accountants tend to have greater exposure to information that emphasizes ethics (professional standards and education) and hence psychological traits have a lesser effect on their ethicality ratings.

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