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.

On Devising Various Alarm Systems for Insurance Companies

Abstract: One possible way of risk management for an insurance company is to develop an early and appropriate alarm system before the possible ruin. The ruin is de ned through the status of the aggregate risk process, which in turn is determined by premium accumulation as well as claim settlement out-go for the insurance company. The main purpose of this work is to design an effective alarm system, i.e. to de ne alarm times and to recommend augmentation of capital of suitable magnitude at those points to prevent or reduce the chance of ruin. In the three different methods outlined in this work, the alarms are signaled on the basis of the past history of the risk process and/or properties of claim distribution. Depending on the method adopted, the alarm time can be a random one or a xed parameter of the claim distribution (and premium function). The focus of this work is on devising a sequence of alarms, which are indeed xed parameters based on characteristics of the risk process. To draw a fair measure of effectiveness of alarm system(s), comparison is drawn between a process equipped with an alarm system, with capital being added at the sound of every alarm, and the corresponding process without any alarm system but an equivalently higher initial capital. Detailed analytical results are obtained for general processes and this is backed up simulated performances when the loss severity has exponential, or Pareto or discrete logarithmic distribution. The formulation is eventually intended to be applied and extended for devising alarm system for reinsurance contracts.

Observations on Project Structures for Privately Funded Infrastructure Projects

Abstract: Privately funded infrastructure projects (PFIPs) normally are financed on a project finance basis. The most common project formats that are used in PFIPs are build-operate-transfer (BOT), build-own-operate (BOO), and build-own-operate-transfer (BOOT). This article identifies the key differences among these formats in three different phases of the project: project development, project operation, and project termination. Successful project completion requires identifying an appropriate project structure that can match the project characteristics. Using empirical evidence, this article suggests appropriate project formats for different infrastructure projects depending on their individual characteristics.

Motivations of Individuals Contributing to Open Content Creation Projects: a Cultural Comparison between Developed and Developing Countries

Abstract: The global penetration of ubiquitous ICTs has given rise to a new model of production termed 'peer production' where thousands of volunteers collaborate with each other in an open project through the networked environment. Open content creation projects are a kind of peer production that involves contributors editing and sharing 'content'. Motivation plays a major role in the content contributions since they are voluntary in nature. Motivations driving the contributors could be pro-social or personal-needs oriented. I propose to evaluate the motivations behind such contributions across countries, using a national cultural perspective. The propositions suggest, each of cultural dimensions [14] will have influences on the contributory behaviors differently. This has major implications in ICT4D since the cultural perspective shows different motivations that could drive contributors in the developing economies, leading to socioeconomic development.

Problems of state public enterprises: A Karnataka study

Abstract: This study identifies the perceptions of middle⁄senior level managers of state enterprises in Karnataka about the problems faced by their organizations. Data have been collected from 81 managers of 23 companies, who completed a questionnaire with a structured and an open-ended component. The critical problems seem to be unfit deputations to top level positions, interference from the controlling ministry, lack ofadequate autonomy to managers in personnel decisions as well as such internal factors as unfair workload and poor coordination. It was also found that there is some difference in problem profiles between central and state enterprises. Implications of the findings are discussed.

Do Spin-Offs Really Create Value? Evidence from India

Abstract: There is a common perspective in the academic and popular literature that spin-offs tend to create value for shareholders (e.g., Cusatis, Miles, & Woolridge, 1993; Desai & Jain, 1999; Sin & Ariff, 2006; Sudarsanam & Qian, 2007; Veld & Veld-Merkoulova, 2009; Khedekar, 2013). This view is based on evidence from a number of studies using data from the USA and indicating that, on average, the announcement of a spin-off is associated with positive abnormal stock returns. Moreover, based on evidence from studies done on US firms (e.g., Cusatis et al., 1993; Desai & Jain, 1999; McConnell, Ozbilgin, & Wahal, 2001) shares of firms completing spin-offs appear to exhibit excess returns over periods of up to three years following the restructure. However, studies using European data have not indicated the presence of significant abnormal stock returns following spin-offs.