Showing papers by "Indian Institute of Management Bangalore published in 1993"
TL;DR: The authors empirically investigated the seasonal behavior of the liquidity premium in asset pricing and found that the size effect is significant, even after controlling for spreads, in the non-January months.
340 citations
TL;DR: A study conducted in 1986 in South India demonstrates a new approach to investigating maternal mortality that combines the collection of information from hospital and health-facility records, field surveys, and case-control studies, and reveals that many of these deaths were preventable.
Abstract: Most studies of maternal mortality are hospital based. However, in developing countries, where many such deaths take place in the home, hospital statistics do not reflect the true extent of maternal mortality. Furthermore, the socioeconomic and demographic factors and health behavior affecting maternal mortality are rarely known. A study conducted in 1986 in South India demonstrates a new approach to investigating maternal mortality that combines the collection of information from hospital and health-facility records, field surveys, and case-control studies. The findings from this study indicate that there were 7.98 maternal deaths per 1,000 live births. Approximately one-half of the deaths occurred in the home or on the way to the hospital. Maternal deaths accounted for 36 percent of mortality for women of reproductive age. Analysis reveals that many of these deaths were preventable and that significant differentials existed with regard to demographic, social, and behavioral factors between the cases of maternal deaths and the controls.
134 citations
TL;DR: The complexities, pitfalls and biases in evaluating rural electrification are discussed and the role of government policies in contributing to its success or failure is outlined in this paper, where the authors also highlight the importance of rural communities in rural development.
26 citations
TL;DR: In this article, the authors report an econometric investigation of shares by source in imports of leather and leather manufactures into OECD markets over the period 1974-87, at four-digit SITC level.
Abstract: This article reports an econometric investigation of shares by source in imports of leather and leather manufactures into OECD markets over the period 1974–87, at four‐digit SITC level. The Indian share at each destination relative to that of other major exporters, taken serially and independently, is tested for sensitivity to relative price fluctuations as measured by the real bilateral exchange rate between the Indian rupee and the currency of the fellow exporter. The pattern of findings by product category and destination provides important guidelines for exchange rate policy and export strategy.
3 citations
01 Apr 1993
TL;DR: In this article, Prasad and Rubenstein hypothesize relationships between the formulation and implementation dimensions of general innovation related organizational politics (GIOP) and formalization, and propose a framework for formalizing GOP.
Abstract: In this paper, Prasad and Rubenstein hypothesize relationships between the formulation and implementation dimensions of general innovation related organizational politics (GIOP) and formalization, ...
1 citations
TL;DR: In this article, the Unit Trust of India (UTI) is to be restructured and split into two organizations, which would result in pruning down the size, and limit the scope, of operations of UTI, will deny UTI of its major competitive advantages - of both size and scope.
Abstract: According to press reports, the Unit Trust Of India( UTI), is to be restructured and split into two organizations. The restructuring has been considered necessary for achieving a Mevel playing field' in the mutual fund industry.There also has been a persistent demand to subject UTI to regulation and inspection by the now empowered Securities and Exchange Board of India (SEBI). The Government, reportedly, is of the opinion that, if the emerging mutual fund industry is to be meaningfully regulated, then UTI, also, will have to be subjected to SEBI regulation.The need to subject UTI to regulation by SEBI is indisputable. However, the rationale for splitting UTI is unfathomable. It is irreconcilable with our current efforts to adopt a more market oriented economic regime. Fundamentally, in the new economic framework, the belief is that the attainment of a level playing field is achieved better by market forces than by legislative intervention. The proposea step, thus, runs counter to the efforts to create a more market oriented economic environment.The proposed legislation, which would result in pruning down the size, and limit the scope, of operations of UTI, will deny UTI of its major competitive advantages - of both size and scope. At a time, when, under the current reform programme, large Foreign institutional investors are being actively wooed to participate in the Indian capital markets, pruning down the size of UTI will cripple it. The break up of UTI would only worsen the xlevelness' of the playing field, purportedly the primary objective behind the planned amendment to the UTI Act.Importantly, the split would be detrimental to the interests of the large body of its investors, especially the small investors.The unseemly controversy over whether UTI should be subject to SEBI regulation or not has camouflaged a more fundamental need that of a need to carry out an internal restructuring of UTI. Its present structure is, prima facie, dysfunctional. It does not achieve a fit with its product-market strategy. Over the years, UTI does not seem to have refashioned its structure with the change(s) in its strategy. Its ambitious plans of growth are unlikely to fructify as planned, unless, it restructures itself.Further, analysis of information available in the public domain reinforces the need for an internal restructuring in order to safeguard investor interests.