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626 items in total found

Journal Articles | 2023

Going the Extra Mile: what Taxi Rides Tell Us About the Long – Hour Culture in Finance

Deniz Okat, Ellapulli Vasudevan

Management Science

We analyze banks’ “protected-weekend” policies that restrict junior bankers from working during weekends. We use taxi rides from bank addresses in New York City to infer bankers’ working hours. We find the policies induced bankers to shift their work to late-night hours on weekdays. We then investigate whether such shifts in working hours affected the quality of work. After the policy, analysts of the policy-implementing banks make more errors in their earnings forecasts. They also herd more toward the consensus in their forecasts. We further provide evidence that junior bankers are the most adversely affected by the policy.

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Journal Articles | 2023

Understanding the relationship between adoption and value creation on Online Social Networks

Suparna Dhar, Indranil Bose and Jose Benitez

Information Systems Frontiers

In this paper, we reviewed 126 papers published in 13 top journals in information systems from 2008 to 2022 that focused on the adoption of social networking sites (SNS) and its consequences. The paper presents a summary of the literature review. The literature review indicated that most scholars studied the adoption and the consequences of SNS adoption in silos. Human behavior is complex. Skinnerian behaviorism posits that human behavior is triggered by environmental stimulus and reinforced by an appraisal of consequences to the behavior. It evinces a need for the development of an integrative framework to model the stimulus for adoption of SNS and an appraisal of the reinforcement of the consequences of adoption in a single frame. We analyze the associated constructs and theories to propose the integrative Social Networking Site Exploitation Framework (SNSEF), based on reinforcement theory, social psychology, and social capital theory. The SNSEF constitutes nine propositions to explain human motivations and behavior that leads to value creation on SNS. SNS providers will find the framework useful to assess human motivations of SNS usage and the value generation from the sites to design appropriate features of their sites to attract and retain active users. The SNSEF will help educational and business organizations as well as governmental agencies in designing appropriate policies for SNS adoption and exploiting SNS for communication. Business managers and marketers may leverage the SNSEF to understand user behavior on SNS to attain business goals. Academic scholars may gain from the literature review, propositions of the SNSEF, and the future research directions presented in this paper.

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Journal Articles | 2023

What shall I learn? Two-stage decision making under social influence on corporate E-learning platforms

Yiping Amy Song, Lingling Zhang, Liye Ma and Indranil Bose

Decision Support Systems

E-learning platforms have increasingly been adopted by corporate employees in the workplace. On these platforms, users typically follow a two-stage decision-making process: they first choose which content to learn and then decide how much to continue learning. The decisions of individual employee users are influenced by members of the same workplace organization (group influence) and general users on the platform from other organizations (mass influence). Extant research has not shown how different types of social influence impact different decisions. Using data from a corporate e-learning platform, this study examines how group influence and mass influence support employees' learning decisions, from the perspective of the elaboration likelihood model (ELM). The results reveal that mass users' past choices only influence low-elaborative choice decisions but not high-elaborative engagement decisions. In contrast, workgroup members' past choices influence both the low-elaborative choice and high-elaborative engagement decisions. Furthermore, positive synergy exists between the two types of social influence for the choice decision, but the synergy dissipates for the engagement decision. These findings can help online content platforms design appropriate information-sharing systems to influence users' choice and engagement decisions. The results can also help corporates take advantage of social influence to motivate employees to engage in work-related online learning.

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Journal Articles | 2023

Food supply chains and resilience to shocks: Evidence from India's COVID-19 lockdown

Nikita Gupta, Vidya Vemireddy and Abhishek Shaw

Applied Economic Perspectives and Policy

We study the disruption of food supply to households and reduced farm-to-market arrivals in India's food supply chain during the COVID-19 lockdown. We focus on the relationship between logistics quality (and performance) and the intensity of disruptions across India's states. We find four policy-relevant findings: (1) Food consumption expenditure was higher in states with better logistics quality; (2) These states recovered more quickly from farm-to-market disruptions with higher agricultural market arrivals in the later phases of the lockdown; (3) Rural food supply chains turned out to be as vulnerable as urban ones; and (4) Expenditure on cereals and pulses faced large reductions.

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Journal Articles | 2023

What motivates the purchasing of green apparel products? A systematic review and future research agenda

Sher Jahan Khan, Saeed Badghish, Puneet Kaur, Rajat Sharma and Amandeep Dhir

Business Strategy and the Environment

The contemporary business landscape is witnessing an ever-increasing concern for environmental sustainability, which has also surfaced in the apparel industry through the introduction of green apparel. Whether the adoption of green apparel is as a result of growing external pressures on firms to adopt green practices or due to deliberate strategies to incorporate sustainable orientation in the making of products, it remains a topical subject—making a comprehensive account of the existing academic literature indispensable. Furthermore, while academic research on green apparel is undoubtedly at an all-time high, the literature is largely disjointed, necessitating a robust synthesis of the exiting literature to illuminate the existing shortcomings and to provide direction to the future research efforts. A systematic literature review (SLR) was conducted to gauge the existing literary work in this field and to identify research gaps. After the critical review of 90 selected studies, four major themes were extracted: consumer apparel purchase, circular economy, consumer awareness, and barriers. After we identified theme-based critical knowledge gaps in the existing literature, we posed corresponding research questions that provide avenues for future research. The study also constructed a framework with significant practical and theoretical implications. Researchers can obtain a comprehensive understanding of the broader contours of this academic field and, with our meticulously tabulated gaps and potential research questions, explore new dimensions and broaden the horizons of this field.

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Journal Articles | 2023

Connecting the right knots: The impact of board committee interlocks on the performance of Indian firms

Saneesh Edacherian, Ansgar Richter, Amit Karna and Balagopal Gopalakrishnan

Corporate Governance: An International Review

Research Question/Issue
Information processing, agency, and resource dependence perspectives provide diverging predictions regarding the relationship between board interlocks and firm performance, which are rooted in different perspectives on the roles of boards of directors. This study argues that these various approaches are reconcilable when considering the nature of board committees to which the interlocked directors are assigned.

Research Findings/Insights
We test our hypotheses on a sample of 5133 firm-year observations in India. Our analyses support our hypotheses. The results show that interlocks between audit committees, whose primary function relates to providing financial oversight and ensuring compliance, are negatively related to firm performance. In contrast, interlocks between nomination and remuneration committees of Indian firms, which provide them with access to resources such as human capital and information on appropriate incentive structures, are positively related to performance.

Theoretical/Academic Implications
Our study clarifies the relationship between board committee interlocks and firm performance by taking a multi-theoretical perspective. Our analysis suggests that information processing, agency, and resource dependence theories complement one another in explaining the effect of interlocks on firm performance.

Practitioner/Policy Implications
Our results show that it is not board interlocks per se that are detrimental to firm performance; in fact, appointing well-connected directors with experience in serving on other boards might be beneficial for firms. However, firms should not assign specific monitoring-intensive tasks such as auditing to directors who also serve on other firms' audit committees. Our findings suggest that these directors should have greater

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Journal Articles | 2023

Taxing intellectual property assets on a cross-border transaction: Application of Mobilia Sequuntur Personam and the case of the India-Mauritius Tax Treaty

M P Ram Mohan and Aditya Gupta

British Tax Review

Intellectual Property (IP) assets enjoy a unique advantage in tax planning. Owing to their intangible nature and lack of physical substance, IP assets can be methodically parked to transfer income between tax jurisdictions. In 2016, the Delhi High Court was presented with a dispute in which IP assets registered in India were transferred between an Australian and an English company through their subsidiary holdings in Mauritius. The question before the court was which tax jurisdiction, India, Australia or Mauritius, would be entitled to tax the capital gains arising from the transaction. The court held that if a foreign corporation owns an IP asset, regardless of its registration and use in India, it would be taxed by the jurisdiction of the owner’s residence. Coming to its conclusion, the Indian court found a legislative vacuum in the Indian Income Tax Act, 1961, and relied on the doctrine of mobilia sequuntur personam to fill the lacuna. This article examines the relevance of the doctrine in line with precedential guidelines and the international treaty framework. The article reveals that, either inadvertently or by design, the Indo–Mauritian Double Taxation Avoidance Agreement (DTAA) creates an instance of double tax exemption of Mauritian-owned, Indian-registered IP assets.

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Journal Articles | 2023

Choosing beyond compliance over dormancy: Corporate response to India's Mandatory CSR Expenditure Law

Shalini Jain, Naman Desai, Viswanath Pingali and Arindam Tripathy

Management and Organization Review

This article examines whether firms engaged in high levels of voluntary CSR (corporate social responsibility) alter their strategic choices in response to detrimental public policy – specifically India's Companies Act (2013) that mandates qualifying firms to spend 2% of their three-year average net profits on CSR. Drawing on the concept of organizational dormancy, we argue that firm capabilities, political awareness, exposure to political pluralism, and ownership identity may explain choice heterogeneity among these firms. Our key and non-intuitive finding is that even in the absence of discretionary choice in determining optimal CSR expenditure, firms are less likely to choose dormancy and instead embrace and even surpass the stipulations of the law in their CSR contributions. Also, politically aware firms are more likely to opt for dormancy over compliance. Managerial and policy implications are discussed.

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Journal Articles | 2023

Lights out? COVID-19 containment policies and economic activity

Robert C.M. Beyer,Tarun Jain and Sonalika Sinha

Journal of Asian Economics

This paper estimates how strongly COVID-19 containment policies have impacted aggregate economic activity. We use a difference-in-differences methodology to estimate how containment zones of different severity across India impacted district-level nighttime light intensity, as well as household income and consumption. From May to July 2020, nighttime light intensity was 9.1 % lower in districts with the most severe restrictions compared with districts with the least severe restrictions, which could imply between 5.8 % and 6.6 % lower GDP. Nighttime light intensity was only 1.6 % lower in districts with intermediate restrictions. The differences were largest in May during the graded lockdown, and tapered in June and July. Lower house-hold income and consumption corresponding to zone-wise restrictions corroborate these results. Stricter containment measures had larger impacts in districts with greater population density, older residents, and more services employment. The large magnitudes of the findings suggest that governments should carefully consider the economic costs of country-wide pandemic containment policies while weighing the trade-offs against public health benefits. Keywords: Containment policies, COVID-19, Nighttime lights, India

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Journal Articles | 2023

The policy process of adopting environmental standards for coal plants in India: Accommodating transnational politics in the Multiple Streams Framework

Rama Mohana R. Turaga and Harsh Mittal

Policy & Politics

This article provides an important international empirical application of the multiple-streams framework with some theoretical additions that make a novel contribution to the existing scholarship in this field. Using a modified multiple-streams approach (MSA) that extends Kingdon’s original agenda setting model to the decision-making stage, we analyse and explain an empirical puzzle in the context of the environmental regulation of coal-fired power plants, considered central to India’s economic development. The puzzle involves both the content – a stringency comparable to those in more developed economies – and the timing – within a year of a new national government coming to power with the promise of reviving economic growth. Our findings show how a top bureaucrat exploited the agenda window opening in the problem stream to couple the three streams, resulting in the notification of draft environmental standards. The political entrepreneurship of the same bureaucrat led to the adoption of final standards in the same form as the draft in the decision window created by developments during the period leading to the Paris climate summit. The operationalisation of the modified MSA to our empirical case generated new theoretical insights. First, we expand on the original formulation of decision stage dynamics and argue that the decision window could also open due to independent activity in any of the three streams. Second, we argue that transnational politics could act as an additional factor in the ripening of the political stream at the decision stage.

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