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3846 items in total found

Journal Articles | 2025

Speed of institutional reforms, competitive dynamics, and cross-border acquisitions: Evidence from emerging economies

"Manish Popli, Mehul Raithatha, Ajai Gaur"

This study examines how variations in the speed of institutional reforms across emerging economies shape the strategic internationalization responses of domestic firms, particularly through cross-border acquisitions (CBAs). We argue that a faster pace of reforms intensifies competitive pressures – both from global entrants and domestic challengers – prompting incumbent firms to pursue CBAs as a means of adapting to heightened uncertainty and preserving strategic advantage. Building on the awareness–motivation–capability framework, we further theorize how firm-level factors moderate this baseline relationship. Specifically, we find that negative performance feedback, higher levels of technological and marketing resources, and greater financial slack amplify the likelihood of CBAs in the face of rapid reforms. Our findings, based on a large multi-country dataset of 12,251 unique firms from 35 emerging economies between 1995 and 2021, support these predictions. This research presents an integrative impact of the institutional and firm-level factors as antecedents of aggressive internationalization by firms in emerging economies.

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Journal Articles | 2025

Using participatory action research to examine child protection services: Case of inhalant misuse in India

"Ajazuddin Shaikh, Ankur Sarin"

Postcolonial states often lack the capacity to implement their own policies effectively. However, the inherent “coercive nature” of state processes and the vulnerabilities of the citizens they serve make it challenging to investigate gaps and inadequacies in policy implementation. Probing child and youth services in such contexts demands forms of inquiry that allow closer observations of the actual experience of these services by those needing them. Adopting principles of Participatory Action Research (PAR), we engaged in five case studies of attempted rescue and rehabilitation of substance (inhalants) using “children in street situations” (n = 8) by the authorities in Ahmedabad city. Concurrently, we conducted semi-structured interviews with 15 key stakeholders, including policy implementers, elected representatives, and NGO workers directly involved with this demographic cohort. We draw on this experience to argue for the need for a collaborative research process that potentially blurs boundaries between research and action but helps visibilize the functioning of services targeted to vulnerable populations. In addition to implications for other academic work and practice, we point to strengthening the child protection service mechanism through participatory intervention efforts.

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Journal Articles | 2025

The need for sex education: Evidence from adolescent education programme of India

"Karan Babbar, Pritha Dev"

In India, a substantial proportion of adolescents are sexually active, highlighting the crucial need for comprehensive sex education. The Adolescent Education Program (AEP), a nationwide sex education initiative launched in late 2006, aimed to address this need. However, facing significant opposition, the program was subsequently banned in eight states. This study investigates the impact of these bans on key sexual and reproductive health (SRH) outcomes among adolescent women aged 15–19. Using a difference-in-difference (DID) approach with nationally representative data from the National Family Health Survey (NFHS) Rounds 3 (2005-06), and 4 (2015-16), we examine the effects of the AEP ban on contraceptive usage and AIDS knowledge. Our findings reveal that the ban led to a substantial and significant decrease in contraceptive use and in AIDS knowledge. These negative impacts were disproportionately larger for adolescents from disadvantaged backgrounds. This study provides robust evidence for the vital role of comprehensive sex education in promoting adolescent SRH and underscores the potential for policy bans to exacerbate existing health disparities. Investing in and expanding access to programs like the AEP is crucial for protecting the health and well-being of vulnerable young people.

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Working Papers | 2025

“In the name of eminent domain”: A historical and colonial perspective to land governance and land struggles in India

Ranjan K. Ghosh, Satish Y. Deodhar

This paper traces the historical evolution of land governance in India leading up to the Land Acquisition Act (LAA) of 1894, situating it within broader colonial need of economic extraction. It explores how British land policies enabled the forced cultivation of opium and establishment of tea plantations to correct Britain’s trade imbalance with China and sustain global dominance. These extractive systems, rooted in the doctrine of eminent domain, dispossessed millions and fuelled the indentured labour system. The paper also highlights resistance movements, both armed and non-violent, that arose in response to these injustices. It lays the foundation for examining deeper historical shifts in Indian land tenure.

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Journal Articles | 2025

Why do HFTs use the futures market

Anirban Banerjee, Ashok Banerjee

This study attempts to investigate the economic motivation of high-frequency traders (HFTs) to use single-stock futures (SSFs) contracts. Using a novel intraday data set from the largest exchange of SSFs, with identifiers for algorithmic traders, we attempt to disentangle the hedging and information-based trading motivations of HFTs in using this market. We find that hedging is the primary motivation for HFTs to use the futures market. We also find that the regulatory change of upward revision of the minimum contract size in the derivative market made it more difficult for the HFTs to use the futures to hedge their spot market exposure effectively.

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Journal Articles | 2025

Terrorism and cross-border mergers and acquisitions

Edward R. Lawrence, Mehul Raithatha, Iván M. Rodríguez Jr

We analyze the impact of terrorism on cross-border mergers and acquisitions (M&As) and find that terrorist attacks in acquirer and target countries significantly influence both the initiation and completion of M&As. While the presence of terrorism deters deal initiation, it paradoxically increases the likelihood of deal completion, suggesting a complex interplay of risk assessment and strategic decision-making. Furthermore, we find that firms accelerate completion after terrorist attacks.

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Journal Articles | 2025

Mobilizing human capital in information technology projects: Interactions, negotiations, and actions of distributed actors

"Shrihari Suresh Sohani, Manjari Singh, Biju Varkkey"

The study explores the interaction of two cross-functional distributed actors (HR and project managers), their actions, and how they utilize existing practices to mobilize human capital in projects. The study, located at the intersection of practitioners and praxis, explores how the flow of different HR activities is constructed during project execution. Based on extensive field-based qualitative research and anchored on the micro foundations’ lens, we find that paired distributed actors (project manager and HR manager) engage in two mutually exclusive strategizing practices (human resource procedurally embedded and human resource interactive and mutual) for shaping the activity flow of HRM implementation. This finding is critical because it explains how the tension between the paired distributed actors is handled during project execution in project-based firms.

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Journal Articles | 2025

History is prologue: Impact of closed economy imprints (1956–1991) on investments in innovation by Indian firms

Lakshmi Goyal, Manish Popli

Research in the context of business history has seldom analysed how institutional environments from the pre-liberalisation era affect innovation investments made by Indian firms in the post-liberalisation institutional context. To address this gap, this study examines how imprints inscribed by the protected environment in the pre-liberalisation period constrain decision-makers’ mental models and inhibit the formation of innovation routines impeding innovation investments in the post-liberalisation era. Using the context of India’s regulatory punctuation, we test and find support for our assertion using two input-based measures of innovation investments and validate our results by performing a battery of robustness checks. Our findings demonstrate that historical institutional environments play a salient role in determining the extent of innovation investments committed by Indian firms and contribute to research at the intersection of business history and organisation studies.

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Journal Articles | 2025

A comparison of the effects of local and EAT-Lancet dietary recommendations on selected economic and environmental outcomes in India

"Vartika Singh, Miodrag Stevanović, Benjamin Leon Bodirsky, Abhijeet Mishra, Ranjan Kumar Ghosh, Alexander Popp, Hermann Lotze-Campen "

The global discourse is nearly unanimous that dietary transitions are crucial to achieve sustainability goals. In this context, healthy dietary recommendations offer demand-side solutions towards minimizing environmental impacts from food production. However, these guidelines have also faced some criticism for their blanket approach and limited consideration of regional preferences. Using a validated food-economy-environment integrated modelling framework, we compare between two types of healthy diets − the globally recommended EAT-Lancet diets and Indian government’s National Institute of Nutrition (NIN) local diets − by examining their impacts on agricultural production, agricultural commodity prices, food expenditures, trade impacts, Greenhouse gas (GHG) emissions and water withdrawals. Our results suggest that the adoption of regional recommendations (NIN diets) lead to better outcomes for select economic and environmental indicators. When India shifts to NIN diet, its domestic demand for cereal crops decreases, leading to a 36 % reduction in cereal crop production by 2050 and change in demand for sugars and animal-sourced foods (ASFs). This has the potential to reduce commodity prices of food by upto 24 % by 2050. A shift to the NIN diet in India reduces methane (CH4) emissions by 36 % and N2O by 35 % compared to business-as-usual, performing better than the EAT-Lancet diet, which reduces CH4 emissions by 13 %. Water withdrawals reduce almost by the same value under both the dietary scenarios primarily due to lesser dependence on cereal crops and livestock products. These findings remain consistent in our sensitivity analysis, with varying global trade scenarios, offering greater benefits of food systems transformation through liberal trade policies. Our analysis underscores the pivotal role of regional inclusivity in global assessments, enhancing our comprehension of how food systems can be reimagined to align with both food security and environmental sustainability.

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Working Papers | 2025

Reimagining Legal Practice Under the Advocates Act 1961

M P Ram Mohan, Sidharth Sharma & Prem Vinod Parwani

Who is called an ‘advocate’ in India – and on what terms is a deeply contested question. This question is tightly regulated by the Bar Council and the Advocates Act 1961, which together reserve the ‘practice of law’ exclusively for those enrolled as ‘advocates.’ This paper interrogates the normative and legal assumptions underlying this exclusion. In doing so, it contrasts India’s framework for legal professionals across different professions, and with those in the UK and US. By tracing the colonial history of the Act alongside its judicial interpretations, we argue that the Act creates a rigid, exclusive regime that is ill-suited to the contemporary realities of the Indian legal profession. The paper concludes by proposing legislative and regulatory reforms to align Indian legal practice with contemporary realities and global best practices.

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