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3892 items in total found

Journal Articles | 2022

Impact of operational fragility on stock returns: Lessons from COVID‐19 crisis

Avijit Bansal, Balagopal Gopalakrishnan, Joshy Jacob, and Pranjal Srivastava

International Review of Finance

We examine how the market valuation of firms varies on account of their operational fragility that makes them vulnerable to the COVID-19 pandemic. Using the data on plant location that uniquely identifies the vulnerability of firms to operational disruptions, we find that firms with plants located in zones susceptible to higher infections earn significantly lower returns. For firms with high operational fragility, the marginal value of financial flexibility and operating flexibility is higher. The adverse impact of the operational fragility is lower for firms affiliated with the larger business groups. The paper identifies unique channels associated with the pandemic that impact firm value.

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Journal Articles | 2022

Outcomes of talent identification in economically liberalized India: Does organizational justice matter?

Elaine Farndale, Promila Agarwal, and Pawan Budhwar

Journal of Business Research

Organizations in economically liberalized India face substantial challenges regarding the engagement and turnover of talent. By exploring the outcomes of the firm-level management practice of talent identification, we uncover the effects of identifying valuable employees as high potential. Adopting an organizational justice lens, we consider the social exchange consequences of talent identification for those identified either as high potential or non-high potential, examining how perceived organizational justice moderates the relationship with employee engagement/turnover intention. Based on data from 331 employees in two large organizations in India, perceptions of distributive, procedural, and interactional justice in this highly competitive labor market are found to moderate the relationship between talent identification and work engagement, while distributive justice moderates the relationship with employee turnover intention. The study identifies novel conditions under which talent identification might avoid the negative outcomes associated with an exclusive approach to talent management, commonly adopted in Indian organizations.

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Journal Articles | 2022

Retaining the nonprofit mission: The case of social enterprise emergence in India from a traditional nonprofit

K V Gopakumar

Entrepreneurship & Regional Development

Literature examining the emergence of social enterprises from traditional non-profits has noted a shift in organizational mission, from a predominantly social mission towards a dual focus on both social and commercial goals. Less is known about how such social enterprises, which transition from traditional non-profits, retain the original non-profit social mission. The present study, employing an institutional logics perspective, identifies how a social enterprise, emerging from a traditional non-profit in India, re-conceptualized its means in diverse ways towards a common social end, preserved its core guiding principles and processes, and maintained a broad organizational vision, to seamlessly retain and continue with the original social mission. The study concludes with implications for social enterprise and institutional logics research.

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Journal Articles | 2022

Participation dynamics in multiple-peril agricultural insurance: Insights from India

Ranjan Kumar Ghosh, Vikram Patil, and Nikita Tank

International Journal of Disaster Risk Reduction

Multiple-peril agricultural insurance, although operational in many developing countries, evokes mixed responses among smallholder farmers. In this context, we analyse the farmer-specific characteristics that are most amenable for participation in India's revamped federal agricultural insurance program. A sequential logit model is applied to a primary survey-based dataset of 1332 farmers in order to examine the factors influencing various transitions across categories. Age, female as gender and previous insurance experiences turn out to positively influence participation. Engagement in non-farm occupation and higher access to irrigation reduce the likelihood of participation. In the event that the insurance product is delinked from state supported farm credit, the more educated farmers want to move out while female farmers prefer to stay. These results offer important policy insights amidst the persistent efforts to establish a self-sustaining market for agricultural insurance in developing countries.

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Journal Articles | 2022

Damned if she does, damned if she doesn’t: The interactive effects of gender and agreeableness on performance evaluation

Amit K.Nandkeolyar, Jessica Bagger, and Srinivas Ekkirala

Journal of Business Research

The role congruity theory and research on gender stereotypes suggest that communion and agency tendencies explain gender discrimination in performance evaluations. We propose that high agreeableness, a Big Five personality trait, captures the communal dimension of an individual’s concern for others. Across two studies conducted in India and the United States, we found evidence that the relationship between agreeableness and performance evaluations is nonlinear for female employees. Women are rated as high performers when they exhibit moderate levels of agreeableness. For male employees, we find a communal bonus effect in which they benefit from being agreeable in the workplace. Our findings demonstrate the stability of these findings across Indian and North American cultures. Our findings contribute to the literature on role congruity, personality theories, and job performance.

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Journal Articles | 2022

Limited Foresight Equilibrium

Jeevant Rampal

Games and Economic Behavior

This paper models a scenario where finite perfect-information games are distorted in two ways. First, each player can have different possible levels of foresight, where foresight is a particular number of future stages that the player can observe/understand from each of her moves. In particular, each player's foresight is allowed to be “limited” or insufficient to observe the entire game from each move. Second, there is uncertainty about each opponent's foresight. I define the Limited Foresight Equilibrium (LFE) for this model. An LFE specifies how limited-foresight players' strategies and beliefs about opponents' foresight evolve as they move through the stages of the game. I show the existence of LFE and describe its other properties. I show that in LFE limited-foresight players follow simple heuristics for beliefs and actions. As applications, LFE is shown to rationalize experimental findings on Sequential Bargaining and the Centipede game.

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Journal Articles | 2022

COVID mortality in India: National survey data and health facility deaths

Prabhat Jha, Yashwant Deshmukh, Chinmay Tumbe, Wilson Suraweera, Aditi Bhowmick, Sankalp Sharma, Paul Novosad, Sze Hang Fu, Leslie Newcombe, Hellen Gelband, and Patrick Brown

Science

India’s national COVID death totals remain undetermined. Using an independent nationally representative survey of 0.14 million (M) adults, we compared COVID mortality during the 2020 and 2021 viral waves to expected all-cause mortality. COVID constituted 29% (95% confidence interval, 28 to 31%) of deaths from June 2020 to July 2021, corresponding to 3.2 M (3.1 to 3.4) deaths, of which 2.7 M (2.6 to 2.9) occurred in April to July 2021 (when COVID doubled all-cause mortality). A subsurvey of 57,000 adults showed similar temporal increases in mortality, with COVID and non-COVID deaths peaking similarly. Two government data sources found that, when compared to prepandemic periods, all-cause mortality was 27% (23 to 32%) higher in 0.2 M health facilities and 26% (21 to 31%) higher in civil registration deaths in 10 states; both increases occurred mostly in 2021. The analyses find that India’s cumulative COVID deaths by September 2021 were six to seven times higher than reported officially.

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Journal Articles | 2022

I “showroom” but “webroom” too: investigating cross-shopping behaviour in a developing nation

Subhadip Roy, Kirti Sharma, and Sharuti Choudhary

International Journal of Retail & Distribution Management

Purpose

The concepts of showrooming and webrooming have been well researched but majorly from the marketing/economic perspectives. The present study explores the socio-psychological motivations and different types of satisfaction derived from “cross-shopping” behaviour namely, showrooming and webrooming in a developing nation.

Design/methodology/approach

The study is exploratory and is conducted using an interpretive approach. The researchers conducted 52 in-depth interviews and the collected data were subjected to open and axial coding to generate the conceptual model.

Findings

The findings indicate various motivations of cross-shopping such a habit and the joy of discovery while novel aspects of satisfaction emerge such as process satisfaction and social satisfaction. The findings also revealed contextual moderators of the cross-shopping process.

Research limitations/implications

The present study contributes to the domain of cross shopping behaviour by illustrating the social motivators behind the same and novel satisfaction outcomes because of the cross-shopping process.

Practical implications

The present study has multiple implications that would enable managers to effectively utilize cross shopping behaviour such understanding of satisfaction beyond those derived from the product only.

Originality/value

This is one of the first studies to investigate consumer behaviour related to cross shopping based on psycho-social dimensions.

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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

Religiosity and homophobia: Examining the impact of perceived importance of childbearing, hostile sexism and gender

Shubham Singhal and Vishal Gupta

Sexuality Research and Social Policy

Introduction Religiosity plays an important role in defning social norms and leads to homophobia. We tested whether the perceived importance of childbearing and hostile sexism mediate the relationship between religiosity and homophobia. We also tested the relative importance of two mediators and if they sequentially mediated the religiosity–homophobia relationship. Finally, we tested if gender moderates these efects. Methods Data from 49 countries with 70,867 participants collected by the seventh wave of the World Values Survey between 2017 and 2020 were analyzed using mediation and moderation techniques. Results The perceived importance of childbearing and hostile sexism explain the relationship between religiosity and homophobia. More specifcally, the perceived importance of childbearing mediates the religiosity–homophobia relationship, and it mediates the relationship more strongly than hostile sexism. Additionally, hostile sexism and the perceived importance of childbearing sequentially mediate the religiosity–homophobia relationship. This sequential mediation efect is stronger for men than for women. Similarly, the mediation efect of hostile sexism for the religiosity–homophobia relationship is stronger for men than for women. Conclusions The perceived importance of childbearing and hostile sexism explain the likely impact of religiosity on homophobia, which should be considered in psychological interventions and prevention programs. Policy Implications Interventions that are targeted at altering the perceived importance of childbearing and sexist attitudes can combat homophobia among religious people.

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IIMA