Indian Institute of Management Ahmedabad

About: Indian Institute of Management Ahmedabad is a education organization based out in Ahmedabad, India. It is known for research contribution in the topics: Emerging markets & Population. The organization has 1828 authors who have published 4011 publications receiving 59269 citations. The organization is also known as: IIMA & IIM Ahmedabad.

Four factor model in Indian equities market

Abstract: We compute the Fama-French and momentum factor returns for the Indian equity market for the October 1993-December 2013 period. We differ from the previous studies on this topic in the Indian market in several significant ways. First, we cover a greater number of firms relative to the existing studies. Second, we exclude illiquid firms to ensure that the portfolios are investible. Third, we have classified firms into small and big using a more appropriate cut-off, considering the distribution of firm size. Fourth, as there are many instances of vanishing of public companies in India, we have computed the returns with a correction for the survival bias. During the period, the average annual return of the momentum factor was 21.9%; the average annual return on the value portfolio (HML) was 15.3%; that of the size factor (SMB) nearly 0%; and the average annual excess return on the market factor (MRP) was 11.5%. This is a revised version of our earlier paper on this topic. The revision is carried out to primarily accommodate the data of firms which are retrospectively added to the prowess database by CMIE. The time series of daily, monthly and yearly returns on the factors and the underlying portfolios are made available at an online data library. The authors would update the library on a monthly basis.

Central conceptual issues in transformational leadership research

Abstract: Transformational leadership is one of the most recent conceptualizations of leadership concepts. It has been specified as an important mechanism of introducing organizational change. Transformational leadership has received substantial research attention over the last two decades. As a result, transformational leadership research has created considerable knowledge about the transformational leadership phenomenon. It, however, has also generated several conceptual issues and addressing these issues is necessary for advancing transformational leadership research. Highlights six important conceptual issues that the research has generated. Also outlines the significance of each of these six issues and then provides a critical commentary based on these issues. In pointing out research implications, outlines the required research for addressing these issues and provides an outline of how research for addressing them can be approached. Finally, indicates some of the implications of this paper for practice.

Life Satisfaction of Indian Immigrants in Canada

Abstract: It is a common conception that immigrants face numerous problems and considerable stress in the process of adjustment to a new culture. The life satisfaction of immigrants from India was assessed using the Satisfaction With Life Scale (Diener et al., 1985). As predicted by judgment theory (Micholas, 1986), it was found that Indian immigrants judge their own well-being in comparison to relevant others, such as their peers back home, the majority white community in Canada and other Indian immigrants. Their satisfaction was also predicted by the discrepancy between what they have in Canada and what they feel they could have had if they had stayed in India, with respect to raising children, freedom in making day-to-day decisions, opportunity to realise personal goals and amount of respect. Life satisfaction was correlated with perceived discrimination, guilt over leaving the country of birth and perception of social support, but not with education, socio-economic status, or perception of day-to-day comforts.