Showing papers in "Iimb Management Review in 2022"
TL;DR: In this article , the authors examined the relationship between employee brand love and positive word-of-mouth (PWOM) behavior, and turnover intention of 289 professionals from public and private sector insurance companies in India.
Abstract: Brand love has largely been examined from a customer perspective and seldom from an employee perspective. Drawing on the social identity theory, this study attempts to examine employee brand love and its relationship with affective commitment, positive word-of-mouth (PWOM) behaviour, and turnover intention. Using a sample of 289 professionals from public and private sector insurance companies in India, we find that employee brand love has a significant positive effect on affective commitment and PWOM, as well as a significant negative effect on turnover intention. Furthermore, affective commitment mediates the relationship of employee brand love with PWOM and turnover intention. Implications for theory and practice are discussed.
7 citations
TL;DR: In this article , the authors highlight opportunities and challenges within the transforming workplace and the emergent talent development practices, including virtualization of talent development and co-creation in career management.
Abstract: Organisations redefine talent management to maintain their competitive edge. This has also been demonstrated in the ongoing disruptions in the work environment accentuated by the recent Covid-19 pandemic. This article highlights opportunities and challenges within the transforming workplace and the emergent talent development practices. The second part of the paper summarises round table discussions with eight Indian HR leaders from diverse industries providing perspectives and insights into these talent development practices. Virtualisation of talent development and co-creation in career management, amongst critical evolving practices, emerged from the discussions.
3 citations
TL;DR: In this article , the interaction between technology, the business environment, regulation, and society in ICT industries is discussed, and the role of regulation and innovation is discussed along with some cases.
Abstract: This paper focusses on the interaction between technology, the business environment, regulation, and society in ICT industries. The role of technological advances in communication (e.g., cellular mobile, 5 G, spectrum allocation) and in computational advances (e.g., cloud, Internet of Things, artificial intelligence) along with developments in the business environment (e.g., disruption, convergence, Industry 4.0) and the regulatory environment (e.g., competition law and market regulation) in the model is explained. The economics of network industries and competition law and strategies such as vertical integration, bundling, and tying are described. The role of regulation and innovation is discussed along with some cases.
3 citations
TL;DR: In this paper , the authors investigate the relationship between operant resources, operand resources, and technology and examine the influence on created value from the service-dominant logic perspective.
Abstract: This study aims to investigate the relationship between operant resources, operand resources, and technology and examines the influence on created value from the service-dominant logic perspective. It builds a research model for the impacting path of resources on value. For the empirical study, it adopts proxy variables as observable variables in representing latent or unobservable variables. By collecting aggregate national data, each endogenous and exogenous variable is modelled by a system of equations. The estimation results validate the dual role of technology in bridging the two types of resources between operant and operand resources for actors to create value.
1 citations
1 citations
TL;DR: In this article , the authors deal with the dynamics of market power with processors and retailers in the coffee supply chain in India and develop an imperfect competition model that allows for the potential oligopoly and/or oligopsony power of retailers and processors with respect to adjacent stakeholders in the supply chain.
Abstract: This paper deals with the dynamics of market power with processors and retailers in the coffee supply chain in India. We develop an imperfect competition model that allows for the potential oligopoly and/or oligopsony power of retailers and processors with respect to adjacent stakeholders in the supply chain. We also empirically determine the presence/absence of market power among processors and retailers in the coffee supply chain in India. This paper highlights the existence of market power with processors in the coffee industry that plays an important role in the imperfect price transmission and should not be ignored when developing regulatory policies.
1 citations
TL;DR: In this paper , the authors identified three core reasons for the absence of ethics in competency models (i.e., ideation, conceptualisation, and implementation challenges) and proposed a framework for fostering ethical behaviour amongst employees.
Abstract: Competency models describe desired behaviours, skills, and attributes to facilitate organisational goals' achievement. The primary focus of a competency model is to align individual behaviours to organisationally expected behaviours. Given that employees’ ethical behaviour has become the sine qua non for organisations, it is surprising to see the absence of ethical competency in organisations’ competency models. Based on two separate studies with the heads of HR in Indian and South-East Asian organisations, the present study identified three core reasons for the absence of ethics in competency models (i.e., ideation, conceptualisation, and implementation challenges). Also, the study proposes a framework for fostering ethical behaviour amongst employees. Implications of the research for theory and practice are discussed.
1 citations
TL;DR: In this article , a bank-level analysis reveals that debt restructuring has led to a reduction in non-performing loans (NPLs) and the provision of participating banks; however, these banks continue to experience lower stability after the policy period.
Abstract: Prior research reports that corporate debt restructuring can increase the stability of the participating bank by inflating the provision of restructured loans. This study evaluates how the stability of Bangladeshi commercial banks has changed following the implementation of the regulator-initiated corporate debt restructuring (RCDR) policy. Our comprehensive bank-level analysis reveals that debt restructuring has led to a reduction in non-performing loans (NPLs) and the provision of participating banks; however, these banks continue to experience lower stability after the policy period. This study provides a new and important insight into the debate on the effectiveness of debt restructuring on bank performance.
1 citations
TL;DR: In this paper , the authors developed a basic regional e-tailing adoption model based on the Diffusion of Innovations (DOI) theory and the ability-motivation-opportunity (AMO) framework.
Abstract: In this paper, we develop a basic regional e-tailing adoption model based on the “diffusion of innovations” (DOI) theory and the “ability-motivation-opportunity” (AMO) framework. We empirically test the model using ordinary least squares and Poisson regression on district-level e-tailing packages data collected from India Post. Further, we use a neural network model to classify districts into high/low e-tailing potential with 78% accuracy. Apart from its theoretical contribution, the adoption model can also be used by e-tailers to support their regional targeting decisions.
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TL;DR: In this paper , a cross-sectional survey was conducted among academicians in India to investigate the mediating role of problem-oriented daydreams between performance pressure and task performance.
Abstract: The study advances stress and daydreaming (mind wandering) literature by exploring the relationship between performance pressure and innovative work behaviour. We examine whether problem-oriented daydreams mediate the relationship between performance pressure and innovative work behaviour. We also investigate the mediating role of problem-oriented daydreams between performance pressure and task performance. A cross-sectional survey was conducted among academicians in India. A theoretical model was tested using structural equation modelling techniques. The results indicate that problem-oriented daydreams mediate the relationship between performance pressure and innovative work behaviour. Further, results also support the hypothesised relationship between performance pressure and task performance mediated by problem-oriented daydreams. Our results hold while controlling for gender and institutional tenure for our hypothesised model.
TL;DR: In this article , the optimal strategies of a two-sided monopoly platform where the platform offers price discount to buyers were discussed, and the model analysis showed that service quality and level of advertisement will reduce unambiguously with discount.
Abstract: The paper discusses the optimal strategies of a two-sided monopoly platform where the platform offers price discount to buyers. The platform uses advertising instruments to transmit information about discount to buyers and also provides service to its buyers. Although discount adds utility to buyers only, it affects per-interaction price of both buyers and sellers because of the presence of indirect network externality. The model analysis shows that service quality and level of advertisement will reduce unambiguously with discount for the monopoly platform. A comparison of monopoly equilibrium with the social optimum reveals that the monopoly platform sets higher service quality compared to the social planner.
TL;DR: In this paper , the authors examined the ability of online ticker searches to serve as a valid proxy for investor sentiment and forecast stock returns and trading volumes in the Indian financial market.
Abstract: This study examines the ability of online ticker searches to serve as a valid proxy for investor sentiment and forecast stock returns and trading volumes in the Indian financial market. In contrast to the findings in prior research, we observe that ticker search volumes do not exhibit any predictive value for future excess stock returns. However, we find a weak but significant positive effect of ticker search volumes on trading volume with a two-week lag. A battery of robustness checks supports our findings. Our work warns the investors from possible misleading insights arising from search volume and stock returns related studies.
TL;DR: This paper conducted 12 interviews with middle managers in Bengaluru, India to understand the job crafting strategies they used to respond to paradoxical tensions in people management, and extended the understanding from how leaders experience and understand tensions to how they proactively alter their role expectations.
Abstract: Leaders face competing demands or paradoxes such as empowerment and control, and uniformity and individualisation. We conducted 12 in-depth interviews with middle managers in Bengaluru, India to understand the job crafting strategies they used to respond to paradoxical tensions in people management. Through job crafting, leaders can alter their understanding of the tension and their role boundaries to generate a broader range of responses to paradoxes. We extend the understanding from how leaders experience and understand tensions to how they proactively alter their role expectations, translating into practical strategies that can be applied to managing paradoxical tensions.
TL;DR: In this paper , the authors explored the predictive ability of the slope of the sovereign yield curve for the Indian market and compared the predictive power of the yield curve slope with an estimated composite index of lead indicators (CILI) constructed with potential high frequency lead indicators.
Abstract: In this paper, we explore the predictive ability of the slope of the sovereign (government) yield curve for the Indian market. Instead of simply showing the predictive power of the yield curve, an attempt has been made to compare the predictive power of the yield curve slope with an estimated composite index of lead indicators (CILI) constructed with potential high frequency lead indicators. The non-agricultural GDP (NAGDP) is used as the reference series. It is observed that the slope of the yield curve is a better predictor of the turning points of the reference series compared to the CILI constructed.
TL;DR: In this paper , the authors investigate the role of capital returns and currency value in determining foreign portfolio investments, with a focus on Sub-Saharan African economies, and reveal significant positive impact of capital return and significant negative impact of currency value.
Abstract: In this study, we investigate the role of capital returns and currency value in determining foreign portfolio investments, with a focus on Sub-Saharan African economies. The empirical results from the auto-regressive distributed lag and vector error correction models reveal significant positive impact of capital returns and significant negative impact of currency value, indicating that the variables play contrasting roles in driving foreign portfolio investments. Financial openness also exerts a positive impact on the investments, but not so significant to qualify as a key driver of foreign portfolio investments. Inflation, however, tends to impair the investments. Adjustment speed of the investments is also found to be low.
TL;DR: In this article , the authors proposed a new approach to improve student outcomes -the provision of the dream option that allows a student with a job offer to participate in the placement process again.
Abstract: We propose a new approach to improving student outcomes - the provision of the dream option that allows a student with a job offer to participate in the placement process again. Comparing three different student preference structures, we show that the dream option improves stability; however, it does not always improve student happiness and rank efficiency. Nevertheless, imposing a particular structure on student preferences, namely the sequential preference condition, improves both student happiness and rank efficiency. We recommend when to use the dream option and when not to use it.
TL;DR: In this article , the authors examine the presence of a possible relationship between momentum returns and idiosyncratic volatility and verify if price momentum is influenced by I volatility and find that I volatility has a significant impact on momentum effect of both short-term as well as long-term trading strategies.
Abstract: In this paper, we examine the presence of a possible relationship between momentum returns and idiosyncratic volatility. We also verify if price momentum is influenced by idiosyncratic volatility. The results show that idiosyncratic volatility (IV) and momentum returns on stocks are positively related. We also find from the empirical results that IV has a significant impact on momentum effect of both short-term as well as long-term trading strategies as the resulting alphas are non-zeros and statistically significant. The results of the study could be a highly rational source of information to different classes of investors.
TL;DR: In this paper , the authors explore the performance of different assets particularly during stress events (the 2008 crisis and COVID-19 crisis) which can come to the rescue of portfolio managers as hedging strategies.
Abstract: Under stress events, most of the asset prices tend to be positively correlated breaking the diversification benefits. In this study, we explore the performance of different assets particularly during stress events (the 2008 crisis and COVID-19 crisis) which can come to the rescue of portfolio managers as hedging strategies. Further, the analysis evaluates the performance of different combinations of portfolios with and without including volatility assets. Empirical results indicate that with only an allocation of 5% of the portfolio to volatility asset class, investors with different risk appetites were able to achieve 10% expected returns with reduced uncertainty.
TL;DR: In this article , the authors developed a "mixed model" by matching competencies of student activists with those of union officials, and conducted behavioural event interviews with thirty-six union officials to find four competencies: result orientation, aligning critical constituency, networking skills, and effective feedback sharing.
Abstract: Professionalisation of the roles that union officials play necessitates certain competencies in them to increase union effectiveness. This paper attempts to understand managerial competencies for union officials in the Indian context. Adopting an interdisciplinary approach, we developed a “mixed model” by matching competencies of student activists with those of union officials. Behavioural event interviews conducted with thirty-six union officials led to a competency dictionary with four competencies: result orientation, aligning critical constituencies, networking skills, and effective feedback sharing. Resting on the classical competency theories which have not seen application in industrial relations (IR) scholarship, this paper provides an actionable path to enhance union effectiveness.
TL;DR: In this paper , the authors explore the predictable patterns in the trading biases of fund managers induced by changing attention allocation patterns, and investigate the tendency of managers to sell winners and increase their exposure to losing stocks in an emerging market setting.
Abstract: Using monthly fund-level portfolio holdings data on Indian equity mutual funds, we explore the predictable patterns in the trading biases of fund managers induced by changing attention allocation patterns. In an emerging market setting, we investigate the tendency of fund managers to sell winners and increase their exposure to losing stocks. Their biases are examined during two states of economic cycles. We adjust for random choice probability while selecting funds for reasons unrelated to the disposition effect. Our research contributes to the relatively nascent psychology-based asset pricing literature by examining fund managers’ psychology concerning financial decision-making.