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3899 items in total found

Journal Articles | 2021

Lottery and bubble stocks and the cross-section of option-implied tail risks

Sobhesh Kumar Agarwalla, Sumit Saurav, and Jayanth R. Varma

Journal of Futures Market

The options smile provides forward-looking information about the risk at the center of the distribution (ATM-IV) and at the tails (Skew). We investigate the cross-sectional determinants of the options smile using indices that capture firm fundamental risks, heterogeneity in belief, lottery characteristics, and bubble characteristics. We find that at-the-money (ATM) volatility is explained mainly by historical risks and predicted future risks measured using accounting-based risk measures and firm characteristics. However, the cross-sectional variation in the skew is driven by risk premia and by buying and selling pressure, which is influenced by heterogeneity in belief and the underlying's lottery-like and bubble-like characteristics.

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Journal Articles | 2021

Time discount rate of forest-dependent communities: Evidence from Andhra Pradesh

Sundar Balakrishna and Vineet Virmani

Vikalpa: The Journal for Decision Makers

This study presents evidence on time discount rate of forest-dependent communities (FDCs) in the backdrop of the joint forest management program launched by the Government of India in 1990. The study uses data from two regions of the Indian state of Andhra Pradesh—Rayalaseema (a relatively dry forest region with low income) and the coastal region (relatively fertile forest and with higher income). We also identify socio-economic determinants of their patience levels and factors which distinguish the two regions. To elicit individual discount rates of FDCs members and their determinants, we use the choice task design methodology. Members from both regions were found to be highly impatient using the standard choice task design with the revealed time discount rate averaging 800% per annum. Members of FDCs from Rayalaseema were more impatient than their counterparts from the coastal region, although the statistical evidence is weak. We find no association between the income of members of FDCs and their time discount rate for both regions. Membership to caste categories showed a different response in both the regions, with members from the Scheduled Caste category and Other Backward Classes found to have a lower discount rate than those from the Scheduled Tribes category of Rayalaseema region and vice versa for the coastal region. For the coastal region, those with larger family size and heads of households were found to have a lower discount rate.

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Journal Articles | 2021

Web applications for teaching portfolio analysis and option pricing

Vineet Virmani and Jayanth R. Varma

Advances in Financial Education

Journal Articles | 2021

Relationship between negative teacher behaviors and student engagement: Evidence from India

Samvet Kuril, Vishal Gupta, and Vijaya Sherry Chand

International Journal of Educational Research

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Journal Articles | 2021

Guest editorial: Architecting management scholarship in the era of disruption

Vishal Gupta, Naresh Khatri, and Karthik Dhandapani

South Asian Journal of Business Studies

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Journal Articles | 2021

Impostor phenomenon and discipline-specific experiences of violence in Science, Technology, Engineering, and Mathematics

Devasmita Chakraverty and Meenakshi Rishi

Violence and Gender

Impostor phenomenon (IP) engenders persistent, self-deprecating beliefs of fraudulence for those who cannot internalize success and fear that they have fooled others into overestimating their abilities. Although well documented in science, technology, engineering, and mathematics (STEM), discipline-specific experiences of IP within STEM are not well explored, but could illustrate if there are nuances within STEM disciplines. This qualitative study examined discipline-specific experiences of IP due to academic workplace violence. Semistructured interviews from 34 United States-based, female PhD students were analyzed qualitatively using constant comparative method. Participants were recruited using convenience/snowball sampling for a brief survey and further interviewed based on certain eligibility criteria. Findings suggest that IP related to three types of disciplines, those involving outdoor fieldwork (e.g., geology), those with a predominantly higher number of men (e.g., physics), and those with a predominantly higher number of women (e.g., biology). Academic workplace violence included nonphysical abusive behavior, gender-based harassment, incivility, unwanted sexual attention, abusive supervision, and microaggressions. While those experiencing IP due to workplace violence were all women, perpetrators included men and women in positions of power (e.g., PhD advisors) as well as male peers. Findings enriched our understanding of IP experienced as a result of academic workplace violence.

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Journal Articles | 2021

Sovereign credit ratings, relative risk ratings and private capital flows: evidence from emerging and frontier markets

Supriyo De, Sanket Mohapatra, and Dilip Ratha

Studies in Economics and Finance

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Journal Articles | 2021

Antecedents to firm performance during re-internationalization

Salman Ali, Ajeet N Mathur, and Anand Kumar Jaiswal

Australian Journal of Management

There is a paucity of research on re-internationalization, where firms re-enter international operations after complete withdrawal from previous international operations. The extant literature is largely silent on what drives firm performance during re-internationalization. We conducted an empirical investigation of re-internationalized enterprises from India to identify key antecedents to firm performance during the re-internationalization phase. Data analysis using partial least squares structural equation modeling (PLS-SEM) indicates that initial internationalization experiences, presence of dynamic capabilities, and organizational commitment to internationalization positively contribute to re-internationalization performance. The findings have implications for firm strategies, organization systems, managerial attention to knowledge management, policies supporting subventions, and for future research into de-internationalization and re-internationalization.

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Hospitality financial management and contextualized decision making

Books | 2021

Hospitality financial management and contextualized decision making

Nan Hua, Barry Bloom, Agnes DeFranco, Toni Repetti, Twila Mae Logan, Dipendra Singh Mann, Peng Liu, Prashant Das and Arun Upneja

Kendall Hunt

The Black Box: Innovation and public policy in India

Books | 2021

The Black Box: Innovation and public policy in India

Rakesh Basant

Penguin Random House

IIMA