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3579 items in total found

Working Papers | 2023

Tracing Economic Policies to Ancient Indian Economic Ethics

Satish Y. Deodhar

Science without history is like a man without memory. The colossal history of India stores many ideas on economic ethics and public policy which have been forgotten in the course of time. This paper is an attempt to bring to the fore, contributions from ancient Indian treatises. In this context, the paper briefly summarizes alternative economic ideas such as communism, capitalism, and the holistic approach of ancient Indian writings. I discuss the idea of the welfare brick for an individual consisting of three dimensions – Purusharthas, Ashramas, and Varnas. Given the contours of the welfare brick, next I discuss the concept of state and its economic policies, followed by coverage of markets, prices, interest rates, and credit. Thereafter, I delve into treatment of land, property rights, and guilds and unions, with special attention to labour relations covered in Arthashastra and Shukranitisara. The penultimate section summarises the economic advice author of Shukrantisara offers to the head of a household. Finally, in concluding comments, I bring out the relevance of ancient Indian writings for modern times –both for pedagogy and economic policies.

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Working Papers | 2023

Do firms respond to commitments on climate change? Impact of COP21 on investment intensity

Pramendra Singh Tank, Sanjay Kumar Jain and Balagopal Gopalakrishnan

In the Paris Climate Agreement (COP21), countries pledged to restrict global warming to 1.5-2.0 degrees Celsius by reducing greenhouse gas (GHG) emissions. We examine whether firms respond to the commitments made by countries in the period following the agreement. Using cross-country data with 68,471 firm-year observations and a policy experiment approach, we find that manufacturing firms domiciled in countries with ex-ante higher GHG emissions per capita reduce their capital expenditure intensity after COP21. We also find that the market valuations of such firms are substantially depressed compared to those firms located in countries with low GHG emissions per capita. The findings suggest that climate policy uncertainty and transition risks have likely contributed to the heterogeneous firm response across countries. The insights from our study contribute to a relatively novel literature that assesses the impact of the global climate agreement on capital expenditure intensity and market valuation. 

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Working Papers | 2023

New age digital media consumption: An exploratory study based in India

Rajat Sharma and Vikash Gautam

Digitalisation continually changes the way societies conceptualise the role of the state in regulation and supervision of markets. India is graduating from a command-and-control model of economic and regulatory oversight of traditional industries, to a light-touch one for new industries. However, such an approach requires considered assessments of user/consumer perceptions towards the government and industrial inventions and behavioural responses while they plan to engage in digital consumption of the three

markets. Accordingly, a large survey of 2000 users and app-data of over 20.58 lakhs users was collected and analysed to assess the perception and behaviour of users of digital markets. 

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Journal Articles | 2023

An Overarching Conceptual Framework for ICT-enabled Responsive Governance

Amit Anand Tiwari, Samrat Gupta, Efpraxia D. Zamani, Neeraj Mittal and Renu Agarwal

Information Systems Frontiers

Over the recent years, responsiveness has gained importance as it is a critical element of public governance processes and acts as a driving factor for supporting the achievement of governance objectives, especially in the implementation phases. In this study, we identify the knowledge gaps in the realm of responsive governance based on a systematic literature review. Based on our analysis, we propose a conceptual framework of major building blocks (input, process and outcomes) for the development and implementation of responsive governance at the local, regional and national levels of administrative hierarchy.

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Journal Articles | 2023

Circular economy business models as pillars of sustainability: Where are we now, and where are we heading?

Maryam Hina, Chetna Chauhan, Rajat Sharma and Amandeep Dhir

Business Strategy and the Environment

The prior literature has discussed the benefits of the circular economy business model (CEBM) while working to streamline the environmental aspect, touching upon the social aspect and improving the economic aspect. These aspects have been widely recognised as pillars of sustainability. Thus, prior scholars have sought to identify the relationship between the CEBM and sustainability. However, the extant literature, which remains relatively nascent, has failed to clarify this linkage for each pillar of sustainability. To address this lacuna, we followed a systematic literature review (SLR) approach to determine the current state of research on the CEBM and sustainability. Our study identifies and presents the thematic foci in the prior literature, which highlight the linkages between the CEBM and the pillars of sustainability. These thematic foci include the CEBM and sustainability, the CEBM and the environmental dimension, the CEBM and the social dimension and the CEBM and the economic dimension. In addition, this SLR recognises various research gaps within each theme and offers actionable avenues for future research. We also propose a conceptual framework, rooted in social capital theory (SCT), that highlights the linkages between the CEBM and sustainability. Our findings reveal that research at the intersection of the CEBM and sustainability considers the CEBM an integral component of sustainability. We conclude by presenting our work's theoretical and practical implications, which can assist scholars and organisations to incorporate the pillars of sustainability within their CEBMs.

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Journal Articles | 2023

Belief Distortion near 52W high and low: evidence from Indian equity options Market

Sumit Saurav, Sobhesh Kumar Agarwalla and Jayanth R. Varma

Journal of futures markets

We examine investors' behavioral biases and preferences in the options marketnear 52‐week high and low (52W‐H/L) using Indian options market data. Wedocument that as the stock price approaches 52W high (low), the skewness ofrisk‐neutral  density  (RND),  and  out‐of‐the‐money  (OTM)  call  volumedecreases (increases), while OTM put volume increases (decreases). Aftercrossing the 52W high (low), the skewness of RND and OTM call volumeincreases (decreases), while OTM put volume decreases (increases). Theeffects are economically large and significant. Our findings provide evidenceconsistent with the anchoring theory of belief distortion near 52W‐H/L. Thereis no evidence of preference distortion, contrary to what prospect theorypredicts.

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Journal Articles | 2023

Does employee mobility network influence acquisition behavior? Evidence from the semiconductor industry

Mayank Varshney and Mohammad Fuad

Strategic Organization

This article examines the role of employee mobility network in influencing a firm’s merger and acquisition behavior. Specifically, we draw upon the social network perspective and theorize that a firm’s employee mobility network centrality positively influences the number of announced merger and acquisition deals in a hi-tech industry. However, the firm’s prior acquisition experience and absorptive capacity negatively moderate the relationship between the employee mobility network centrality and the number of announced merger and acquisition deals. Our findings based on a sample of US semiconductor firms in the period 1992–2010 provide robust support to our theorization.

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Journal Articles | 2023

Predicting sports fans’ engagement with culturally aligned social media content: A language expectancy perspective

Deep Prakash C. and Adrija Majumdar

Journal of Retailing and Consumer Services

There is limited research showing how strategically generated content can boost Twitter engagement. The problem is acute for sports clubs with large fan bases. We determine the ideal content generation strategy using Hofstede's Cultural Dimensions and Language Expectancy theory. This study examines whether culturally aligned tweets can improve fan engagement. Using tweets from a sports league, we demonstrate that culturally aligned features may be used to build machine learning and deep learning models that predict a tweet's engagement level. According to our research, culture-specific social media content that meet fans' language expectations can increase Twitter engagement.

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Journal Articles | 2023

Shining the spotlight on marketplace rituals: A review and research agenda

Arun Sreekumar, Robert Alfonso Arias, Cele C. Otnes and Linda Tuncay Zayer

Journal of Marketing Management

Although rituals are commonplace in marketer-consumer interactions, extant research devotes limited attention to how ‘marketplace actors’ or MAs (marketers and stakeholders enacting the roles of marketers) leverage these events in the marketplace. We scrutinise this gap by examining literature in the top 50 major marketing journals. We ask: What functions do marketplace rituals fulfil for MAs, as they leverage these rituals when shaping customer experiences? Our analysis finds MAs leverage rituals to support seven broad functional categories that pertain to customer experience: cognitive, cultural, emotive, logistical, relational, social, and transformative. We illuminate how MAs leverage these functions to meet specific goals. We propose an agenda for future research on marketplace rituals.

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Journal Articles | 2023

Doing Reputation in the Indian Context: An Employee Perspective

Avani Desai, Asha Kaul and Vidhi Chaudhri

International Journal of communication

Corporate reputation has been studied as an aggregate of stakeholder perceptions with some emphasis on distinguishing among the perceptions of different stakeholder groups. This study focuses on the perceptions of employees, a critical group of stakeholders, within the Indian context and examines factors that inform an understanding of reputation from an employee perspective and shares the consequences of the same. Building on existing research conducted in developed countries, the study reveals similarities and dissimilarities with existing reputation conceptualizations. Results reveal three new factors, namely stakeholder connect, customer centricity, and company ethos, which are critical to an understanding of reputation from the perspective of Indian employees. Based on factors and attributes emerging from employee perceptions, the study proposes the Loyalty, Engagement, Emotional Connect, and Commitment model, which highlights the consequences of a good reputation in the Indian context.

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