Indian Institute of Management Bangalore

About: Indian Institute of Management Bangalore is a education organization based out in Bengaluru, Karnataka, India. It is known for research contribution in the topics: Emerging markets & Corporate governance. The organization has 491 authors who have published 1254 publications receiving 23853 citations. The organization is also known as: IIMB.

Corrigendum: Marital satisfaction, sex, age, marriage duration, religion, number of children, economic status, education, and collectivistic values: Data from 33 countries [Front. Psychol., 8, (2017) (1199)] DOI:10.3389/fpsyg.2017.01199

Abstract: [This corrects the article on p. 1199 in vol. 8, PMID: 28785230.].

Separation of debt and monetary management in India

Abstract: The discussion highlights the importance of and the need for a separate debt management office, separate from the monetary authority. The objective of debt management is raising resources from the market at minimum cost while containing the risks, while that of the monetary authority is to achieve price stability. In the years preceding the financial crisis of 2008, separation of debt and monetary management was a settled norm and a number of countries with liberalized financial markets and high levels of government debt sought to adopt professional debt management techniques to save cost and to provide policy signals to the market. Separation of debt management is essential to preserve the integrity and independence of the central bank, to ensure transparency and accountability, and to improve debt management by entrusting it to portfolio managers with expertise in modern risk management techniques. In India, debt is managed by the central and state governments, and the RBI. The separation of debt management would provide focus to the task of asset-liability management of government liabilities, undertake risk analysis and also help the government to prioritize public expenditure through higher awareness of interest costs. The separation would also be helpful for the borrowing programme which would have to be completed without the support of the regulatory or supervisory authority. This may lead to widening of investor base and market friendly yield curve. But after the great financial recession of 2008, the issue has re-emerged as in many countries, especially the advanced economies, the scope of fiscal operations was expanded, and the debt to GDP ratios have increased substantially. Similarly, in view of the sensitiveness of the issue, especially amidst less developed financial markets, there has been some re-thinking on the issue; in India, the Reserve Bank has also been re-thinking the separation issue and seems reluctant given the present context of the economy.

Southern Feminist Perspectives on Population and Reproductive Rights: Continuing challenges

Abstract: Gita Sen outlines some of the positive outcomes of Cairo for women in the South while underlining the struggles that are still to be won on a complex series of levels.

WallStreetBets against wall street: The Role of reddit in the GameStop short squeeze

Abstract: The stock of the video game company GameStop (GME) was heavily shorted by institutional investors by early January 2021. How-ever, by the end of January 2021, a mass-coordinated retail campaign for pushing-up its price-primarily orchestrated by the users of the subreddit r/wallstreetbets-culminated in a major short squeeze. Adapting recent innovations in text analysis in finance and on microblogging platforms, we present extensive evidence that the tone of the discussions on the subreddit displayed significant predictive associations-both at the daily and intraday frequency-with the GME return, volatility, bid-ask spreads as well as volumes. Most importantly, we show that the comment distribution on the subreddit obeyed a power law, and that it was a tiny minority of 462 most influential subredditors whose posts most impacted the GME stock price.

An Entrepreneur's Guide to Understanding the Cost of Venture Capital

Abstract: Entrepreneurs who deal with a venture capital firm (VC) for the first time often find themselves unprepared for the experience. The deal structure language used to describe financing terms, and the methods used to value the investment, are unique to the VC world. The authors have two objectives in preparing this entrepreneur's guide to venture capital finance: First, they explain why VCs require rates of return that are considerably higher—even after adjusting for difference in risk—than the returns required by the shareholders of established companies. Their explanation focuses on differences of opinion between overly optimistic entrepreneurs and less sanguine VCs. Second, the authors discuss the difficulty faced by entrepreneurs when trying to understand the actual cost of VC financing (including the dilution of value that occurs when entrepreneurs fail to meet targets or milestones). The problem can be traced to deal structure terms that typically call for the VC to receive preferential treatment in the event the entrepreneur's scenario does not turn out to be accurate. More specifically, entrepreneurs often grant VCs control rights as well as liquidation rights that, when things go wrong, dramatically increase the effective cost to entrepreneurs of venture financing.