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3721 items in total found

Working Papers | 2018

E-commerce in oligopsonistic and relational markets – An empirical investigation of transaction costs in agricultural e-markets in India from farmers' perspective

Argade Aashish and A. K. Laha

Working Papers | 2018

Grapevine or Informed Selection: Significance of Quality Attributes in India's Emerging Wine Market

Satish Y. Deodhar, Swati Singh, and Nikita Tank

Indian wine market is in a nascent state as compared to its counterparts in Europe, America and Asia. However, with rapid growth in GDP and consequent changes in lifestyle, the absolute size of the market is growing rapidly. The market size was about Rs. 3 billion in 2008 and by 2015 it had already reached Rs. 6 billion. Wine is a highly differentiated product, characterized by the presence of multifarious quality attributes. In this context, it becomes imperative to know the premiums attached to different wines and their attributes, resulting from selections made by producers and consumers. We undertake a hedonic price analysis of retail wine prices and their quality attributes. Results indicate that Ceteris Paribus, there is no premium attached to red wines in general over white wines. Reserve wines and a select few red wines do earn a premium though. Substantive premium is earned by foreign brands. Wines with higher alcohol content, club-shaped bottles, and cork closures carry a premium over other types of wines. Results may give cues both to producers and consumers on what new wines they could produce or consume.

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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

Distribution of Traffic Accident Times in India - Some Insights using Circular Data Analysis

Arnab Kumar Laha, Pravida Raja A.C., and Dilip Kumar Ghosh

International Journal of Business Analytics and Intelligence

Traffic accidents are a major hazard for travellers on Indian roads. These are caused by a variety of reasons including the bad condition of roads, traffic density, lack of proper training of drivers, slack in enforcement of traffic rules, poor road lighting etc. It is further known that certain times of the day are more prone to traffic accidents than others. In this paper we investigate the distribution of traffic accident times using the data published annually by the National Crime Records Bureau (NCRB) over the period 2001-2014 using the tools of circular data analysis. It is seen that the observed distribution of the traffic accident times in most years is bimodal. Thus, several modelling strategies for bimodal distributions are tried which include fitting of mixture of von-Mises distributions and mixture of Kato-Jones distribution. It is seen from this analysis that the distribution of the traffic accident times are changing over the years. Notably, the proportion of accidents happening in late night has reduced over the years while the same has increased for late evening hours. Some more insights obtained from this analysis are also discussed.

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Journal Articles | 2017

Please do interrupt, but nicely! The effect of positive and negative interruptions on product evaluation and choice

Ankur Kapoor and Arvind Sahay

Advances in Consumer Research, 45, 701-702

This research studies the affective consequences of interruptions on evaluation and choice. Six studies demonstrate that positive (negative) interruptions lead to unfavourable (favourable) evaluation and lower (higher) choice of pre-interruption products; but favourable (unfavourable) evaluation and higher (lower) choice of post-interruption products. Relevant mediation and moderation effects are also found.

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Journal Articles | 2017

Through the looking Glass: Role of construal level on description-intensive reviews

Swagato Chatterjee and Aruna Divya T

Advances in Consumer Research

Focus on consumer engagement has led service providers to explore contextual factors influencing consumers’ satisfaction. In this paper, we draw insights from Construal Level Theory to identify the conditions when own vs. others’ experiences along with Process vs. Outcome attributes of services become more important in overall service evaluation

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