Indian Institute of Management Calcutta

About: Indian Institute of Management Calcutta is a education organization based out in Kolkata, India. It is known for research contribution in the topics: Supply chain & Context (language use). The organization has 415 authors who have published 1354 publications receiving 21725 citations. The organization is also known as: IIMC & IIM Calcutta.

The role of operating efficiency and asset productivity in relative performance evaluation and CEO compensation in Indian firms

Abstract: The use of relative performance evaluation (RPE) to determine compensation improves contracting efficiency, reduces moral hazard, and provides effort incentive. This study investigates how RPE usage in CEO compensation in Indian private sector firms is associated with a firm’s operating efficiency and asset productivity. It documents that firms with lower operating efficiency and asset productivity use more RPE by placing a more negative weight on their peer’s performance. Further, this study documents that more RPE usage is associated with lower asset productivity in both business group-affiliated firms as well as independent firms. In contrast, more RPE usage is associated with lower operating efficiency only in independent firms. This indicates that a firm’s ownership structure too plays a role in the RPE usage in Indian private sector firms.

Pradhan Mantri Jan Dhan Yojana as a financial inclusion drive: a case study of West Bengal

Abstract: On the completion of fourth year of PMJDY, an effort was made to review the extent to which the primary objectives of the government’s flagship financial inclusion scheme could be achieved. A survey was conducted on 1000 respondents from five selected districts in the state of whom 500 respondents newly opened a bank account under the scheme. The remaining 500 respondents having a normal bank account constitute the control group. It is observed that PMJDY could enhance merely the arithmetic bank account ownership. The real objectives like overdraft-enabled small entrepreneurship or more insurance benefits could hardly be achieved. The much hyped bank account-induced family happiness could not be identified after analysis of response. Severe lack of awareness among the common people about the scheme or its benefits has been noticed.

An Efficient Lot-Sizing Heuristic for A Periodic-Review Inventory System under Non-Stationary Stochastic Demand

Abstract: In this paper, we consider the lot-sizing problem in a periodic-review inventory system under non-stationary stochastic demand. We propose a heuristic and compare its performance with the optimal solution given by dynamic programming for 90 problem instances. Across all the problem instances the heuristic averages 1.96% error, and is found to be at least 30 times faster than dynamic programming.

A Social Knowledge Management Platform for Universal Primary Education Online

Abstract: Social knowledge management is a framework that allows its users to create and modify content collaboratively using social media and web 2.0 technologies. Social knowledge management can also be defined as the management of social knowledge where it is aimed towards social development. India today is facing a huge rural-urban divide with regard to poor learning achievement at the elementary level in remote rural areas. Remote rural schools are engulfed with problems such as the unavailability of good quality teachers and a poor learning environment. In this context, the chapter seeks to utilize a robust social knowledge management framework to impart universal education in the form of both formal and informal knowledge to the masses in remote rural areas by mobilising free online knowledge resources and the dormant knowledge capital of educated senior citizens. It further illustrates the design and development of a social media based knowledge management platform named OwlishOracle that addresses issues of exclusion and unequal educational attainment through “connecting generations”.

There Now…Gone Now…Sustainability in CSR Regulation in India

Abstract: As per the Companies Act of 2013, CSR initially included pursuit of shared value including sustainability by business but the eventual rules that were notified omitted reference to shared value and with that, sustainability. This chapter discusses the background to the omission and focuses attention on the meanings of CSR and sustainability in Indian regulation and policy. It argues that Indian regulation has from the beginning used a dual meaning approach by referring to more domestic notions of philanthropy and community development along with global notions of shared value. The omission of shared value needs to be interpreted in the light of developments for reducing fiscal burden on the nation and the need to create an alternate source of funds for the social sector.