Indian Institute of Management Kashipur

About: Indian Institute of Management Kashipur is a education organization based out in Kashipur, India. It is known for research contribution in the topics: Supply chain & Volatility (finance). The organization has 102 authors who have published 203 publications receiving 1357 citations. The organization is also known as: IIM Kashipur.

FDI Inflow, Stock Market Performance and Exchange Rate: Indian Scenario

Abstract: In this research work, macro level analysis has been conducted to assess impact of foreign direct investment (FDI) capital inflow in Indian economy. This study is focused on causality relationship between FDI inflow, stock market performance and foreign exchange rate. This framework is used for policy implications of relationship between three variables. These macro-economic variables are linked with different policies. Causality tests performed on these variables are further used for policy implications. Impact of change in exchange rate on changes in FDI inflow is the least significant followed by impact of changes in FDI inflow on changes in sensitivity index of stock exchange (SENSEX). The third least significant relationship is observed between changes in FDI inflow on change in exchange rate. These relationships are implied to ‘Impossible Trinity’ framework to assess preference for monetary, fiscal and foreign exchange rate policies. It is observed that improving performance of stock market (SENSEX) should be on priority followed by exchange rate. These finding have implications on fiscal policy, monetary policy and exchange rate. The increase in return of stock market and favourable exchange rate will help in increasing FDI inflow in Indian economy. Stock market performance depends on daily transactions by investors and they are regulated only, not controlled. Supply of foreign currency in India is controlled by the Reserve Bank of India (RBI), who assesses the supply conditions of the market and attempts to manage exchange rate in favour of Indian economy. In other words, the exchange rate can be controlled by having control on supply of foreign currency in domestic market. Hence, there is possibility of having fixed exchange rate and target band of exchange rate.

Entrepreneurial Orientation and Firm Performance in Indian SMEs: Contingency Perspectives

Abstract: Entrepreneurial orientation (EO) has received considerable theoretical and empirical attention in organizational research, emerging as one of the most widely accepted firm-level constructs in the l...

Regional Corporate Culture, Motivation and Technology Impacts on Performance of Quality Certified Firms: A Malaysian Perspective

Abstract: Prior research provides inconclusive evidence of the link between quality certification and firm performance. This research revisits the issue in the context of Malaysia where employers find it difficult to motivate employees due to corporate culture. Tenets of the motivation theory, stakeholder theory and Business/IT alignment form the theoretical basis for this investigation. Contrary to expectations, Malaysian quality certified firms showed high operational performance, attributed primarily to the qualities of aligned IT systems and business processes driven by high internal motivation of IT stakeholders. Business stakeholders had high external motivation focused on exploitation of the ISO logo, which had insignificant impact on operational performance but had significant influence on business performance. Theoretical and practical implications are discussed.

High customer involvement: an essential element for effective co-creation

Abstract: Understanding customer needs for meeting the customer expectations and to provide customer satisfaction is pivotal for the long term sustainability of the firm. Customer involvement, through 'co-creation' for developing the products and services will ensure this sustainability. This paper explains the meaning of co-creation, state the difference between co-creation and customisation- the most closely associated term with co-creation and elongates the difference between customerisation and crowdsourcing activities. This paper projects firms understanding of the co-creation concept and give suggestive ways and direction of concept implementation in an organisation. Research is conducted by using secondary sources and used in context of clarifying the concept of co-creation viz a viz other overlapping concepts. Two disguised caselets are also used to build clarity of the concept. On the basis of current literature, caselets and theoretical understanding we propose that an activity with high customer involvement, preferably at each stage of development of product and services can be called as a criteria to qualify for an activity to be termed as co-creation.

Modeling and Forecasting Unbiased Extreme Value Volatility Estimator in Presence of Leverage Effect

Abstract: This study proposes the frameworks (A-HAR-AddRS and HAR-AddRS-AGARCH) to account for leverage effect in modeling and forecasting the AddRS estimator (Kumar and Maheswaran, Econ Model 38:33–44, 2014b) based on heterogeneous autoregressive (HAR) model. We evaluate the forecasting performance of the A-HAR-AddRS and HAR-AddRS-AGARCH models using the error statistic approach, the superior predictive ability (SPA) approach and the model confidence set (MCS) approach and compare the results with the corresponding results from the return based asymmetric and regime switching volatility models. To illustrate it, we use the same indices as used by Kumar and Maheswaran (Int Rev Financ Anal 34:166–176, 2014a, Econ Model 38:33–44, 2014b), that is, S&P 500, CAC 40, IBOVESPA and S&P CNX Nifty. Our findings indicate that the A-HAR-AddRS and HAR-AddRS-AGARCH models provide more accurate forecasts of realized volatility than the returns based asymmetric and regime switching volatility models.