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What elements of the opening set influence the outcome of a tennis match? An in-depth analysis of Wimbledon data IIMB Management Review Pub Date : 2024-03-13 Kapil Gupta, Vijayshankar Krishnamurthy, Soudeep Deb
This study examines the importance of game elements of the first set in Wimbledon matches in deciding the match outcome. We propose a LASSO-induced logistic regression model based on first set data to identify the variables that impact the match outcome. Our findings indicate that winning service points, average distance travelled, and rating points significantly impact match outcome. Additionally
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A Set of Linearized Partially-Parallel Splitting Methods for Separable Convex Programs IIMB Management Review Pub Date : 2024-03-12 Jitamitra Desai, Kai Wang
The proximal partially-parallel splitting method (PPSM), originally proposed in Wang et al. (2017), is a hybrid mechanism that inherits the nice properties of both Gauss-Seidel and Jacobian substitution procedures for solving the multiple-block convex minimization problem, whose objective function is the sum of individual (separable) functions without any shared variables, subject to a linear coupling
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Reflecting on management knowledge in India: Urgency to change the paradigm, decolonise and indigenise in the age of Artificial Intelligence IIMB Management Review Pub Date : 2024-03-02 A, b, h, o, y, , K, ., , O, j, h, a
Management research in India has been strongly impacted by paradigms from the natural sciences. Further, most research in India is dominated by US-based theories that discourage indigenous research. This is an outcome of British impact on knowledge in India during the colonial era and US-driven neo-colonial influences on management knowledge in the post-colonial era. This is dysfunctional as managerial
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Charting a sustainable future: Transformative policies for India's energy, agriculture, and transport sectors IIMB Management Review Pub Date : 2024-03-02 Haritha Saranga, Satyajit Roy, Sayan Chowdhury
To fulfil its commitments towards sustainable development, India is transitioning from fossil fuels to renewables in the energy sector, trying to shift consumption and cropping practices in the agriculture sector, and promoting alternative fuel vehicles in the transport sector. In this study, we analyse the current state of energy, agriculture, and transport policies using the triple bottom line approach
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Disability inclusion in Indian workplaces: Mapping the research landscape and exploring new terrains IIMB Management Review Pub Date : 2024-02-29 Devi Vijay, Mukta Kulkarni, K V Gopakumar, Michele Friedner
In this commentary, we reflect upon twenty years of disability research in the Indian workplace and identify possibilities for new conversations and terrains of inquiry. We trace the key frames, theories, and methodological tendencies that demarcate this scholarship. We suggest that researchers can open new terrains of inquiry by situating disability in context, exploring heterogeneous forms of organising
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Regulation of brands in the Indian Pharmaceutical Industry in the 1960s: Examination of the Tariff Commission Report, 1968 IIMB Management Review Pub Date : 2024-02-22 Manu Kanchan
The literature on the Indian pharmaceutical industry has examined the importance of product patents and the attempts policy has made to regulate them. However, it has not done the same for the question of brands. Our study addresses this gap. The Tariff Commission Report of 1968, a turning point in the price control policies of the 1960s, is examined. The examination revealed two important points:
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Efficiency of financial production process and its dependence on price anchors: Evidence from India IIMB Management Review Pub Date : 2024-02-17 Sayantan Kundu, Aditya Banerjee
This paper measures the degree to which disclosed annual financial information assimilates into stock prices through the financial production process (FPP). Since it is established that price anchors impact investor trading decisions, the effect of proximity to chosen price anchors and the historical high and low prices on FPP efficiency is analysed for 611 Indian firms across 11 industries. Results
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The nexus between financing pattern, firm-specific factors, and financial performance: Panel evidence of listed SMEs in India IIMB Management Review Pub Date : 2024-02-15 Pratiksha Jha, Satish Kumar Mittal
The study analysed the impact of financing patterns (FPs) on the financial performance of 226 listed small and medium enterprises (SMEs). Firm size, age, liquidity, sales growth (SG), and asset tangibility (AT) are treated as firm-specific control variables. The result indicates that total debt financing (TDF), short-term financing, and trade credit financing have a significant relationship with Return
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IMRDC 2024 -- Delegate Registration IIMB Management Review Pub Date : 2023-12-27
Abstract not available
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Exploring the drivers and facets of culture in the formative stage of a public-funded R&D organisation IIMB Management Review Pub Date : 2023-11-17 J. Ravisankar, Sushanta Kumar Mishra, Swapnil Garg, Nobin Thomas, Kunal Kamal Kumar
Culture is critical in organisations, particularly in research and development (R&D) activities. This study explores the facets and drivers that facilitated culture formation in an R&D setting. We focus on the Indian Space Research Organisation (ISRO), which had been able to develop closely guarded space technology indigenously. Based on in-depth interviews with a unique set of respondents in the age
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An exploratory analysis of new firm foundings by trading community members and their survival IIMB Management Review Pub Date : 2023-11-10 Dalhia Mani, Abu Rehan Abbasi, Rejie George
Prior research shows the importance of trading communities in the Indian economy. We investigate whether these trading communities have an advantage in firm founding and/or firm survival. While prior research suggests that trusted within-community networks enable access to resources and knowledge and help support entrepreneurs from these communities, some scholars show that community ties constrain
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Evolving an integrated framework for ambidextrous HRM: A special case of platform-based gig work IIMB Management Review Pub Date : 2023-11-04 Ekta Johar, Manjari Singh
This study proposes a conceptual framework emphasising ambidextrous HRM's ability to foster organisational capabilities to survive and succeed in a challenging business environment. We include ambidextrous HRM systems in our discussion on the effectiveness of HRM fit and flexibility. To achieve this, we draw linkages between HRM systems facilitating organisational capabilities in a suitable organisational
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Nightmare in remote mode: Evidence of remote abusive supervision in Indian organisations IIMB Management Review Pub Date : 2023-10-26 Munmun Goswami, Lalatendu Kesari Jena
Drawing support from the conservation of resources theory, cognitive appraisal theory and self-determination theory, we investigate the link between remote abusive supervision (RAS) and life satisfaction (LS) through the mediating roles of obsessive work passion (OWP) and work-to-life conflict (WLC). We also examine the moderating role of information and communication technology (ICT) usage through
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The role of reference group influence: A benchmarking study with working and non-working groups IIMB Management Review Pub Date : 2023-10-26 Semila Fernandes, Rajesh Panda
This research examines reference group influence on working women and non-working women. It examines how working women and non-working women differ in their susceptibility to reference group influence across product categories: private necessity, private luxury, public necessity, and public luxury. Data collection included 1044 responses, which were analysed using analysis of variance and validated
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Does transformational leadership influence organisational culture and organisational performance: Empirical evidence from an emerging country IIMB Management Review Pub Date : 2023-10-10 Nguyen Phuc Nguyen, Nguyen Thi Thuy Hang, Nguyen Hiep, Orla Flynn
This study examines the relationship between transformational leadership and organisational culture, and the joint effect of both on organisational performance. Using structural equation modelling with data from 903 employees from the Vietnamese manufacturing sector, the results show that transformational leadership influences organisational performance and culture, with differing effects based on
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Household pandemic Internet search intensity and stock returns: A case of tourism industry resiliency IIMB Management Review Pub Date : 2023-09-29 Garima Goel, Saumya Ranjan Dash
This paper uses the Google Internet search volume index to capture pandemic attention and examines the effect of COVID-19 on the stock returns of the tourism industry. We find a significant negative effect of pandemic attention sentiment on tourism industry stock returns. The results are robust to the inclusion of alternative pandemic information variables and firm and business cycle controls. Results
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Reducing the patients-at-risk (PaR) in a response-adaptive trial: A numerical study IIMB Management Review Pub Date : 2023-09-20 L. Ramprasath, Mohammed Shahid Abdulla
This article investigates the dichotomy between higher statistical power and higher allocation to better treatment in an ethical-optimal response-adaptive design. Although many response-adaptive designs in the literature promise higher allocation to the superior treatment, this is not always guaranteed due to the variability of the designs. A new criterion for evaluating response-adaptive designs,
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IMRDC 2024: Announcement for Delegate Registration IIMB Management Review Pub Date : 2023-09-15
Abstract not available
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The effect of Hungry Ghost Festival (HGF) on stock market returns and volatility: An empirical analysis of Asian stock markets IIMB Management Review Pub Date : 2023-08-24 Wan Mohd Farid Wan Zakaria, Nur Liyana Mohamed Yousop, Wan Muhd Faez Wan Ibrahim, Sharazad Haris, Syed Khusairi Tuan Azam
This study examines the effect of the Hungry Ghost Festival (HGF) on stock returns and volatility in five Asian stock indices. Shanghai demonstrated the highest average return and dispersion, while Singapore had the lowest. During the HGF, all countries’ kurtosis spiked, except for Philippines and Shanghai, signalling a high-risk investment with high returns. Finally, the current volatility of daily
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Factors influencing sustainable outsourcing relationship: An empirical investigation into the Indian coal mining industry IIMB Management Review Pub Date : 2023-08-15 Mousumi Modak, Khanindra Pathak, Kunal Kanti Ghosh
Developing a sustainable client–provider relationship in an outsourcing arrangement is important. This study attempts to identify the effects of unexplored antecedents of opportunism in an outsourcing engagement and, subsequently, the significance of opportunism in relation to a sustainable relationship. A structural equation modelling (SEM) approach has been deployed for the empirical evaluation of
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Dynamic market risk and portfolio choice: Evidence from Indian stock market IIMB Management Review Pub Date : 2023-08-15 Subham Agarwal, Sourish Chakravarti, Owendrilla Ghosh, Gagari Chakrabarti
Undiversifiable market risk is a crucial factor that a risk-averse investor must consider while making any investment decision. We focus on dynamic market risk using time-varying beta for 10 different sectoral indices from the Indian stock market, analyse its movement over volatility regimes, and explore its relationship with market stress. The sectors that are most resilient towards market risk are
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Impact of intolerance of uncertainty on well-being during COVID-19 pandemic in India: Does practising gratitude and mindfulness help? IIMB Management Review Pub Date : 2023-07-25 Tanusree Dutta, Raina Chhajer, Sudipa Nag, Swati Dhir
During the Covid 19 pandemic, employees experienced fear of uncertainty. We hypothesise that gratitude and mindfulness practices would help reduce the intolerance of uncertainty (IU) and increase employee well-being. Data were collected from 283 working professionals. The partial least square structural equation modelling (PLS-SEM) was used to analyse the data. The findings suggest that IU has a negative
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Using profits to re-estimate efficiency of internal capital markets IIMB Management Review Pub Date : 2023-07-22 Debarati Basu, Arnab Adhikari
Internal capital markets (ICM) are fundamental to conglomerates and business groups across developed and developing economies. ICM can be opportunistic or benevolent, but its efficiency assessment remains a pressing question. We focus on measuring the profit efficiency of giver firms using a novel methodology based on data envelopment analysis (DEA). We also explore heterogeneity across group firms
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Investment style consistency and performance of Indian fixed income mutual funds IIMB Management Review Pub Date : 2023-07-22 Mayank Patel, Supratim Das Gupta, Vinodh Madhavan
In this study, we examine investment style, and style consistency and its relationship with risk-adjusted performance of the Indian fixed income mutual funds (MFs) using a sample of 242 funds across 16 categories over a period from April 2015 to March 2020. Our findings indicate that (a) fund managers practice securities selection, but their securities selection ability fails to improve risk-adjusted
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Predicting the success of the supply chain dyadic relationship: A qualitative study of dyads IIMB Management Review Pub Date : 2023-07-13 Andrew Downard, Himanshu Shee, Ian Sadler
Predicting the success of a dyadic relationship during the very early stage of a relationship is quite critical since the existing SCDR elements have limited capabilities. Drawing on transaction cost economics and social exchange theory (SET), this study aims to explore and enhance the SCDR measurement tools that can likely predict putative relationship success. Using mixed methods in a longitudinal
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Pandemics and cryptocoins IIMB Management Review Pub Date : 2023-06-12 Afees A. Salisu, Ahamuefula E. Ogbonna, Tirimisiyu F. Oloko
This study examines the effect of pandemic-induced uncertainty on cryptocoins (Bitcoin, Ethereum and Ripple). It employs the Westerlund and Narayan (2012, 2015) predictive model to examine the predictability of pandemic-induced uncertainty and our model's forecast performance. We examine the role of asymmetry in uncertainty and the sensitivity of our results to the recently-developed Salisu and Akanni
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Do IPL teams escalate commitment for costly players? When do player status and reputation matter? IIMB Management Review Pub Date : 2023-06-07 Sandeep Yadav, Deepak Dhayanithy
This study examines the impact of individual-level factors on organisations' escalation of commitment (EOC) using self-justification theory and institutional perspective. We use the Cox proportional hazard model on Indian Premier League (IPL) players’ data from 2008 to 2019 to test the proposed hypotheses. We find that player sunk cost (salary paid), reputation, and high status are positively related
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IMR – 7th INDAM CONFERENCE PAPERFuture of workplace design from a socio-technical perspective IIMB Management Review Pub Date : 2023-06-05 Parvathy Venkatachalam, Rajhans Mishra
Post-COVID-19, there is an ongoing discussion worldwide on the future of workplaces across organisations. This is a socio-technical system in transition, and we use a multi-level perspective (MLP) to identify the changing elements. We perform discourse analysis on the social media platform to gather stakeholders’ perspectives on the workplace to identify (a) changing dimensions of the workplace; (b)
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New moon day anomalies of Amavasya and Muhurat trading: Gestalting the role of culture and institutions IIMB Management Review Pub Date : 2023-06-01 Avinash Ghalke, Satish Kumar, Ram Kumar Kakani, Kameshwar Rao V.S. Modekurti
We study the socio-cultural ecosystems, along with cross-country investments and global flow of foreign capital in a local milieu, India, having multiple stock exchanges and listed firms. India's varied investor profiles exhibit a marked preference for certain “special” days given their religious beliefs. This study tests the abstinence hypothesis to examine the “new moon day” effect, considered inauspicious
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How much does volatility influence stock market returns? Empirical evidence from India IIMB Management Review Pub Date : 2023-05-31 Malvika Saraf, Parthajit Kayal
The purpose of this paper is to establish and estimate the extent of the volatility anomaly (VA). We examine the impact of the beta, variance, relative-beta, and relative-variance measures on the stock returns for NIFTY500 companies, for the 10-year period 2010-2020. Our empirical findings suggest that the VA is predominant in the medium to long-term, but seems to be negligible in the ultra-short and
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Forecasting the direction of daily changes in the India VIX index using deep learning IIMB Management Review Pub Date : 2023-05-18 Akhilesh Prasad, Priti Bakhshi, Debashis Guha
The VIX index is an indicator of the market's perception of risk, and an accurate forecast of the movements in VIX can be very useful for investment risk management. So, the aim of this study is to predict the day-to-day movement of the India VIX using six deep learning architectures. All six architectures performed well and achieved a higher level of accuracy with minor differences than in previous
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Do debt payments beget debt? Evidence from an emerging market IIMB Management Review Pub Date : 2023-05-06 Vishnu K. Ramesh, Aravind Sampath
Do firms generate financial flexibility by retiring debt? Using Indian data, we document that firms channel approximately 39% of current cash flow to repay debt. This higher debt-cash flow sensitivity facilitates firms to maintain investment in the future. Firms prioritise reducing dependency on external finance, increasing investments, and saving cash in the short run. In the long run, firms enhance
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IMR – 7th INDAM CONFERENCE PAPER Lokasamgraha: An indigenous construct for social entrepreneurship IIMB Management Review Pub Date : 2023-04-28 Diwakar Singh, Richa Awasthy
This study aims to investigate the role of the indigenous construct lokasamgraha in the context of social entrepreneurship. We identified lokasamgraha through content analysis of the Bhagavad Gita, employing the methodological approaches proposed by Bhawuk (2010). Using the lens of paradox theory, we investigated commonly accepted tensions in social enterprises. We developed a framework to explain
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IMR – 7th INDAM CONFERENCE PAPER Spiritual triple bottom line framework- A phenomenological approach IIMB Management Review Pub Date : 2023-04-27 Sachin Batra
In this phenomenological study, the author proposes a spiritual triple bottom line framework (STBL) to develop and measure the three bottom lines: individual prosperity, impact on people, and impact on the planet through the lens of spirituality. The results are presented as an interpretation of the individual's perceptions of spirituality and their spiritual experiences. The result comprises three
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Dynamics of time-varying currency beta on Indian industries: A Markov switching approach IIMB Management Review Pub Date : 2023-04-26 Soumya Saha, Gagari Chakrabarti, Sankarshan Basu
We examine the dynamics of time-varying currency beta across Indian industries. Through the Markov regime switching model we try to check whether currency beta is also regime-dependent, similar to other financial variables. The paper finds that currency betas are different in sign and magnitude for different industries. During different crisis periods, the nature of currency beta revealed different
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A structural equations approach to policy evaluation: Case study of Mahatma Gandhi National Rural Employment Guarantee Programme IIMB Management Review Pub Date : 2023-04-13 Sarabjeet Dhody Natesan, Rahul Ratnakar Marathe
In this paper, we aim to present the use of structural equation modeling methodology to evaluate a conceptual model empirically, identifying factors critical to policy implementation. It is based on 311 responses from the mid-level implementers of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), the flagship welfare programme of the Government of India. Our research documents administrative
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Investigating the Effect of Organizational Values on Sustainable Practices and the Moderating Role of Family Influence in Indian SMEs IIMB Management Review Pub Date : 2023-04-12 Subrata Mitra
In this paper, we investigate the effect of organizational values/culture on sustainable practices in Indian SMEs, and observe that organizational values/culture positively affect waste disposal/recycling, and employee-related social practices. Further, employee-related social practices act as a mediating variable between organizational values/culture, and firms’ environmental and community-related
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Managing litigation risk through business legal expense insurance: Facilitators and inhibitors for MSMEs IIMB Management Review Pub Date : 2023-04-10 Sanjay Kumar Mishra, Hemant Kushwaha
This study explores the possibility of offering business legal expense insurance (BLEI) in India to enable 63 million Micro, Small and Medium Enterprises (MSMEs) to hedge against litigation risk. MSMEs, at present, depend upon independent law firms in the event of litigation. Based on the annual legal expense of a sample of 1822 MSMEs, this study suggests that the potential size of the market for BLEI
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India's low carbon value chain, green debt, and global climate finance architecture IIMB Management Review Pub Date : 2023-03-31 A. Damodaran, Onno van den Heuvel
The paper critically evaluates the bottlenecks inherent in India's low carbon value chain that is financed by green bonds and related debt securities. The paper identifies three cardinal limitations of the value chain viz. unviable carbon mitigation projects, insufficient market competitiveness of green bonds issued from India and the inability of refinancing institutions to securitise their liabilities
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Investigating ICT for team creativity: A team sensemaking perspective IIMB Management Review Pub Date : 2023-03-23 Amina Talat, Shamila Nabi Khan, Samra Chaudary, Nathan R. Neale
This study examines the role of team sensemaking as an intermediary factor for the link of social environmental factors with team creativity. The findings of the study suggest that cognitive diversity and team autonomy have a positive relationship with team sensemaking and team sensemaking has a positive impact on team creativity. Further, autonomy and cognitive diversity are indirectly related to
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How does strategic planning influence the performance of financial institutions? An empirical study of Ethiopia IIMB Management Review Pub Date : 2023-03-22 Meseret Ebabu Ejigu, Tigist Abebe Desalegn
This research investigates the impact of strategic planning (SP) on the performance of financial institutions in Ethiopia. The study also investigates the mediating role of strategic innovation (SI) and the moderating role of a political environment (PE). The study used cross-sectional research that relied on surveys. This study expands the knowledge edge in the field of strategic management through
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Leader development: How “leaders in the making” manage uncertainties IIMB Management Review Pub Date : 2023-03-21 Ankur Jain, Anupama Kondayya
Managing uncertainty is a critical leadership capability. Keeping the COVID-19 pandemic as the background, we conducted a panel discussion with senior corporate leaders to understand how they had approached challenging situations in the past, managed uncertainties, and how these learnings have contributed to their development as leaders. We draw upon the extant literature on leadership under uncertainty
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The influence of helping behaviour and voice of pleasant members on their team inclusion IIMB Management Review Pub Date : 2023-03-21 Madhu Bala Sahoo, Jeff Brice
We conducted a two-phase study to investigate role of positive affect, helping behaviour, and voice on one's team inclusion. Business students (n = 105) nested in teams participated in the study and provided data through surveys at the beginning of a semester and once again after interacting with their teams for four months. Results establish that positive affect improves team inclusion via an increase
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IMR – 7th INDAM CONFERENCE PAPERNarcissus walking the extra mile: A moderated mediation model IIMB Management Review Pub Date : 2023-02-23 , Nishant Uppal
By developing and then testing the hypothesis that there is an indirect positive link between narcissism and peer-rated prosocial behaviour through impression management motives, the current study adds to the narcissism literature. The moderating impact of interpersonal influence on the indirect relationship is also investigated in this study. In order to test a moderated mediation model and discover
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Impact of financial brand values on firm profitability and firm value of Indian FMCG companies IIMB Management Review Pub Date : 2023-02-04 N. Niyas, V. Kavida
The research paper reviews literature on various brand valuation models and estimates FMCG companies' financial brand values using an appropriate financial brand valuation model in the Indian context. From 2009 to 2018, 26 BSE 500 FMCG companies were sampled. Financial brand value, prestige driver, loyalty driver, extension driver, return on assets, return on equity, stock price, and Tobin's Q were