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3890 items in total found

Journal Articles | 2026

Supplier concentration and firm performance: the role of relative size, relative reputation, and network position

Amalesh Sharma Alok R. Saboo Sourav Bikash Borah Anirban Adhikary

Firms face a fundamental trade-off in managing their supplier base: consolidating suppliers can streamline operations and reduce coordination costs, yet it may also heighten dependency on a few key suppliers, diminishing bargaining power and value capture. This study measures supplier concentration using an extended HHI index built from Bloomberg SPLC buyer-side cost shares for each Tier 1 supplier. Using this extended HHI framework, we empirically examine how supplier concentration shapes firm performance, drawing on a unique dataset of 216 firms spanning 5 years and 10 industry sectors. Results show that higher supplier concentration significantly undermines firm performance through intensified power asymmetries. However, firms can offset these adverse effects by leveraging three forms of inter-organizational power: relative size (resourcefulness and bargaining power), relative reputation (attractiveness power), and network position (positional power captured by betweenness centrality and clustering). Additionally, preferred supplier programs and multisourcing can further buffer these negative consequences. By applying an HHI-based concentration measure within a power-dependence framework, the study advances research on buyer–supplier dynamics and offers managers and regulators guidance on assessing and optimizing supply chain value creation, and on how supply-base structure and power imbalances shape performance, providing a baseline for understanding vulnerabilities revealed in subsequent disruptions

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Journal Articles | 2026

Stochastic modeling and design of truck platooning strategies considering platoon dynamics

Rashika Gupta, Devika Koonthalakadu Baby , Debjit Roy , Shankar C. Subramanian, Sandip Chakrabarti

Road transportation via trucks is a dominant mode for long-haul freight transport across countries. However, due to their significant dependence on fossil fuels, trucks are a large contributor to carbon emissions. Hence, new technology-driven solutions such as truck platoons are gaining momentum. While platoons promise to reduce fuel costs and emissions, they may increase transportation time due to additional coordination delays, such as the time required for platoon formation. In this research, we examine the performance trade-offs between platoon fuel savings and excess delay costs resulting from waiting for platoon formation among three platoon formation strategies: intermittent, continuous, and opportunistic. We develop a novel Closed Queuing Network model that captures the dynamics of platoons, as well as the stochasticity in truck travel times, and provides realistic estimates of platoon wait times and vehicle throughput. The platoon formation delays and size-dependent travel times are modeled using merging and load-dependent nodes, respectively, and analyzed through a continuous-time Markov chain. Our study provides key insights into the impact of increasing platoon size on performance measures, including system throughput and mean waiting time. With platooning, the network throughput capacity is reduced; however, fuel savings are realized. For a given network topology, we can identify an optimal platoon formation strategy that maximizes the throughput and fuel efficiency, while simultaneously minimizing vehicle waiting costs.

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Journal Articles | 2026

Revisiting technology races: Evidence from Indian healthcare EMR data

Sawan Rathi, Anindya S. Chakrabarti, Chirantan Chatterjee, Anthony Vipin Das, Raja Narayanan

Technology replacement is a frequent feature of firms’ innovation journey. However, the internal working of replacement of an old technology by a new one is typically blurred – with three simultaneously interacting mechanisms – demand-pull, technology-push, and a combination of market and non-market institutions. In this paper, we disentangle them using novel electronic medical records (EMR) data from one of the largest eye-care hospital chains in Asia. Specifically, we study a race between a newer high-end medical scanning technology replacing an older and less costly technology. We exploit the COVID-19 lockdown shock in a natural experiment setup, which led to concurrent shifts in the demand and supply of a medical scanning technology. Demand-pull generated via patients propelled new technology adoption as the supply of new technology increased in tandem. This was a cohort-specific phenomenon on the supply side, with an age-identified cohort of physicians driving the adoption, and the replacement was measurably welfare-enhancing. Fixed price for treatment ensures that the replacement was not driven by market-led incentives. We conclude by discussing management of innovation through demand- and supply-side as a strategy for the firms.

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Journal Articles | 2026

The quality of state governance as a source of international differences in total factor productivity

Akash Issar, Jamus Jerome Lim, Sanket Mohapatra

This paper examines how changes in firm-level total factor productivity (TFP) depend on the quality of state governance. We find robust evidence that an improvement in the quality of state governance by one standard deviation raises the average firm’s TFP by between 9 and 19 percent. We also show that this effect works through improved productive efficiency rather than technological progress. Further decompositions reveal that the key relevant institutions are government effectiveness, rule of law, and democratic accountability. Moreover, the contribution of state governance to TFP dominates that of corporate governance.

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Journal Articles | 2026

A minimum buyback requirement in open market repurchases: Impact on the signaling role

Pranjal Srivastava, Joshy Jacob, Ajay Pandey

The paper investigates the impact of the imposition of a minimum buyback requirement on open market repurchases (OMRs) in India. We extend the signaling model of Oded (2005) by including a minimum buyback requirement and show that it increases the stock price during the repurchase period, relative to a no minimum buyback regime. Accordingly, we find that the regulatory change has led to a significant increase in the abnormal stock returns earned around buyback announcements. Also, insiders increase their purchase of firms’ stock during the buyback execution period relative to the pre-reform period. These findings are consistent with a higher information value of OMR announcements in the minimum buyback regime. We further observe lower market timing through buyback execution, accompanied by a change in the execution-style, implying a weaker instinct for opportunistic buybacks. Our findings suggest that the regulatory change has lowered the “cheap-talk” motives associated with the announcement of open market buybacks.

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Journal Articles | 2026

All That Glitters Is Not Code? Understanding the Predictors of Developer Popularity and Sponsorship on a Social Coding Platform

Praharshita Krishna, Adrija Majumdar, and Indranil Bose

A developer's popularity plays a crucial role in their success within open source software (OSS) communities and their access to sponsorship opportunities. This study seeks to answer the question: which signals have the most predictive power for popularity and sponsorship volume on social coding platforms? Using algorithm-supported abductive theory generation supplemented by qualitative insights from observations and interviews, we arrive at a theory of peer evaluation in OSS communities. We examine a large number of signals and categorize them. The two categories are signaling via self-disclosure through profile signals and signaling via contribution quantity and quality through behavioral signals. The large amount of data available to us allows us to use machine learning techniques to arrive at top-ranking predictors within each category. We generate our theory by finding robust patterns and test our theory using a hold-out sample. Our findings indicate that easily observable credibility-enhancing and approachability-related developer profile signals hold greater predictive importance in shaping popularity. However, harder to observe and more complex behavioral signals show greater predictive importance for sponsorship volume. These results signify that OSS social coding platforms are not meritocratic, as developer self-disclosure significantly influences popularity. In contrast, sponsorship decisions, due to their high cost and irreversibility, depend on within-platform contribution-related signals. This research contributes to a deeper understanding of popularity and sponsorship within peer-to-peer followership networks in OSS communities. Through our research, platforms are better informed about the predictors of popularity and sponsorship and can introduce measures to enhance the meritocratic nature of these communities. Developers who seek influence and sponsorship on the platform can be more strategic about information disclosure and their contributions.

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Journal Articles | 2026

The informativeness of consolidated and parent-only earnings to investors: Evidence from India

Sudhakar V. Balachandran, Sudershan Kuntluru, Hariom Manchiraju, Sumeet Rajput

We examine whether earnings from parent-only financial statements are incrementally informative to those from consolidated financial statements. We use a unique mandate in India that requires firms to provide both consolidated and parent-level financial statements, since currently neither US GAAP nor IFRS mandates this level of disaggregation. While disaggregation provides additional information, it also imposes costs, raising the empirical question of whether its benefits outweigh the costs. Our analyses reveal that disaggregated quarterly earnings components inform investors, with investors placing more weight on parent-level unexpected earnings than on subsidiaries' unexpected earnings. We do not find evidence of mispricing associated with disaggregation; rather, the higher weight on the parent's earnings reflects higher persistence, consistent with semi-strong market efficiency. Moreover, parent earnings provide incremental informativeness, especially in the context of poor earnings quality and high mergers and acquisitions intensity. Our results endure when we examine annual parent- and subsidiary-level earnings, where available, in 98 countries around the world. Our results contribute to the literature on disaggregation in accounting and earnings informativeness in equity markets, offering insights that may influence regulatory considerations on the usefulness of financial statement disaggregation.

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Journal Articles | 2025

Role of foreign market knowledge and home country institutions in international entrepreneurship-performance relationship: A meta-analysis

Sai Chittaranjan Kalubandi, Dibyendu Sharma, Saneesh Edacherian, Amit Karna

Journal Articles | 2025

Understanding How Healthcare Access is Enriched Through Telemedicine: Taking an Affordance Actualization Perspective

Rajesh Chandwani Rahul De’ Yogesh K. Dwivedi

This paper examines a telemedicine system connecting a super-specialty tertiary care hospital in northern India to rural areas in Eastern India. Using the affordances actualization lens, we elaborate and describe how telemedicine enriches access to healthcare. With a qualitative study conducted with stakeholders involved in the telemedicine program, we show that access is enriched by actualization of four affordances - consultability, cognizability, socializability, and mentorability. We contribute to the affordance literature in two ways. First, we present a method to identify actualization of affordances in a complex interaction as diverse actors interact with technology. While most of the affordance literature focuses on the interaction of a goal-directed actor with the technology, telemedicine systems are opportune in understanding how diverse actors actualize the affordances. Second, we illustrate a nuanced understanding of technology as a situated action where multiple and diverse actors interact with technology and amongst themselves. Specifically, we highlight that access not only depends upon the affordance envisaged in the technology design (consultability and mentorability) but also the configuration of technology, actors and processes as it is implemented (cognizability, socializability). These affordances are related to the contextual embeddedness of the technology, specifically in the public health organization in rural India.

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Journal Articles | 2025

Investor networks and fund performance in private equity real estate funds

"Bobby Yu, Peng Liu, Prashant Das"

Is the formation of investor networks associated with superior fund performance? Our analysis of more than 2,000 private equity real estate (PERE) funds over three decades reveals abnormal performance among PERE funds dominated by institutional investor cliques. Specifically, investor cliques with a more extensive history of joint investment are associated with superior fund performance that is not explained by common fund characteristics. Such correlation is not predicted by a simple Bayesian update without access to private information, implying that investor networks may be a channel through which limited partners identify and access better-performing fund managers. We also provide evidence that Limited Partner (LP) networks are not a mere result of rational herding by showing that the clique-level Herfindahl–Hirschman Index for investor AUM does not positively predict greater abnormal return. We further observe that investor cliques prolong the time needed to reach maximal commitment. As General Partners (GP) are known to utilize a subscription line of credit to borrow against committed capital to boost return, we infer more financing discretion granted to GPs by cliques.

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