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.

SELCO: lighting rural India

Abstract: Title – SELCO: lighting rural India. Subject area – Social entrepreneurship, Sustainability and Human Resource. Study level/applicability – The case study is relevant for students of entrepreneurship and social entrepreneurship. This case can be used as a case in strategy (growth strategy), marketing and innovation subjects as well. Case overview – The case study revolves around Mr Harish Hande and his efforts to build a for-profit social enterprise Solar Electric Light Company (SELCO) to provide electricity to poor and under-served. Harish focused on providing cheap, clean and sustainable energy sources to rural customers at bottom of the pyramid of the society. From the conception of SELCO, Harish has been on a roller-coaster ride of success and failure. Harish has used the problems as a learning ground and improved his business model successfully. But, when Harish tried to scale his operations in 2005-2006 he failed miserably. Some errors in the decision coupled with external pressure had brought SELCO...

The Impact of Sentiment on Emerging Stock Markets

Abstract: For five leading emerging economies: China, India, Russia, Indonesia and South Korea, we show that existing sentiment variables-both direct (Consumer Confidence Index) and indirect (Baker-Wurgler Index)-are insignificant in explaining respective nations' index returns. We improve upon current techniques by using modified sentiment extraction as proposed in Anand et al. [2020] to study the impact of central bank speech sentiment on respective stock market indices. We find that central bank speeches do have a significant impact on the stock markets in our sample of emerging countries.

Bayesian estimation of long‐term health consequences for obese and normal‐weight elderly people

Abstract: Summary Obesity is a rapidly growing public health problem even among the elderly. Understanding the disabling consequences of obesity in the elderly will help us to design better effective intervention management guidelines for the elderly obese. To examine the long-term health consequences of the obese elderly, we present a joint model consisting of two bivariate ordered responses observed at successive time points. The bivariate ordered response model corresponds to the subject's self-reporting health status outcomes including self-rated health and functional status. Although the joint model that we propose is generally suited for use in health and disease research, where the ordered value responses are observed at successive time points, we further extend it by addressing some of the challenges by incorporating the semiparametric features in the ordinal logistic model, by modelling the underlying latent states of health that are associated with self-rated health, by jointly modelling the bivariate ordinal outcomes to mitigate the variability of the single response and by accounting for the non-ignorable missing data due to different reasons through a multinomial logit model. The motivating data were obtained from the Second Longitudinal Study of Aging, which are longitudinal survey data from 1994–2000 providing various useful information on the health status of elderly people. Parameter estimation of our joint model was performed in a Bayesian framework via Markov chain Monte Carlo methods. Analytical results demonstrate the difference in longitudinal patterns of the health outcomes between the two weight groups, validating our hypothesis that different management strategies for the obese elderly should be employed.

Multidimensional Human Opportunity Index

Abstract: One fact that emerges from the evaluation of the Millennium Development Goals is that not all countries met all the goals and there are significant complimentaries among failing on specific goals. This paper proposes the Multidimensional Human Opportunity Index (MHOI) that focuses on these complimentarities among access to multiple services. We focus on access to services for children, with the aim of capturing equality in opportunity for children from diverse socioeconomic backgrounds. This index builds on the Human Opportunity Index (HOI) of the World Bank that measures children’s access to basic service, such as access to clean water. However, the MHOI differs from the parent index in so far as we measure joint access to multiple services or access to a bundle of services. We apply the MHOI to the two Himalayan states of South Asia, Nepal and Bhutan data and show that although each basic service is available to a large proportion of the population, only two-thirds in Bhutan and one half in Nepal have access to the bundle of basic services in 2011-12.

An approach to prioritize customer-based, cost-effective service enhancements

Abstract: Service firms routinely enhance their offerings to satisfy and retain current customers and to attract new customers. We show theoretically that service improvements can be prioritized by simultaneously taking into account the likely incremental revenue (through increased customer value) and the incremental cost of making the improvement. The customer values obtained from a sample of respondents, and cost estimates obtained from managers of the service providing organization are combined to prioritize improvements using a ‘bang for the buck’ (i.e. value/cost) rule. Such a prioritization would be helpful to come up with a ‘short list’ of service improvements. The items on the short list can be evaluated in detail for their ‘Return on Quality’. The approach for prioritization is illustrated in the context of improving passenger train service between a pair of cities in India. An adaptive self-explicated approach is used for obtaining customer values and cost estimates. The customer values so elicited displa...