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3669 items in total found

Working Papers | 2024

The price of honesty: Indian firms’ response to stringent disclosure regulations

Shubhankar Mishra

Using a regulation implemented by SEBI in November 2016 as an exogeneous shock, I test whether firms with bad quality of information disclosures attempt to conceal firm-specific information when faced with a business environment marked with heightened disclosure quality requirement mandated by law for the CRAs. Specifically, the study empirically attempts to analyze whether regulation is sufficient to create a separating equilibrium, in terms of the quality of disclosures to CRAs by firms. I find a statistically significant decrease in number of security issuances and number of CRAs bad type firms engage with, as well as an increase in the number of security downgrades that they suffer in the post-regulation environment. However, the decrease in number of issues is weakened if the firm is listed, has high proportion of independent directors in its board or gets its statements audited by a Big 4 auditor, all of which signal that the firm is of a good type. These findings indicate that bad type firms strategically chose to reduce their issuances and initiate new firm-CRA relationships after the regulation to conceal their firm type, but they weren’t successful in escaping from the suffering for long.

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Working Papers | 2024

Health Shocks, Risk Aversion, and Consumption Choices: Evidence from Household Intoxicant Spending in India During COVID-19

Bharat Barik

This study delves into the nuanced relationship between heightened health awareness amid the COVID-19 pandemic with household intoxicant consumption patterns in India. The central hypothesis posits the pandemic as a transformative shock, shaping both health awareness and intoxicant consumption, guided by risk aversion. Analysis using a difference-in-differences approach underscores a substantial reduction in intoxicant expenditures for households without health insurance compared to households with health insurance during the pandemic, with specific categories like cigarettes, tobacco and liquor expenditure experiencing a drop for uninsured households. In rural areas households lacking health insurance exhibit a notable reduction in intoxicant expenditures than the rural areas. This study contributes to the understanding of economic and behavioural responses to health crises, offering valuable insights into the complex interplay between risk perception, health awareness, and consumption choices in challenging times.

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Working Papers | 2024

Global Supply Chain Vulnerabilities: Assessing Firm Risk, Environmental Commitments, and Information Channels in the wake of COVID-19

Huzaifa Shamsi

This study investigates the profound impact of the COVID-19 pandemic on firm risk, focusing on supply chain disruptions and their spillover effects on environmental commitments. The research highlights the crucial role of information channels in mitigating these challenges. Employing a Difference-in-Differences (DiD) regression design, the findings reveal a significant increase in default probability among US-incorporated firms with heightened foreign relationships post-COVID-19, particularly those connected to Chinese supply chains. Additionally, firms with foreign relationships show a decline in environmental commitments, suggesting prioritization of survival during adversity. Notably, companies with robust information channels with industry peers exhibit resilience against supply chain disruptions.

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Journal Articles | 2023

Doing “Reputation” in the Indian context: An employee perspective

Avani Desai, Asha Kaul, Vidhi Chaudhri

perceptions of employees, a critical group of stakeholders, within the Indian context and examines factors that inform an understanding of reputation from an employee perspective and shares the consequences of the same. Building on existing research conducted in developed countries, the study reveals similarities and dissimilarities with existing reputation conceptualizations. Results reveal three new factors, namely stakeholder connect, customer centricity, and company ethos, which are critical to an understanding of reputation from the perspective of Indian employees. Based on factors and attributes emerging from employee perceptions, the study proposes the Loyalty, Engagement, Emotional Connect, and Commitment model, which highlights the consequences of a good reputation in the Indian context.

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Journal Articles | 2023

The distortion in the EU feed market due to import constraints on genetically modified soy

Shyam Kumar Basnet, Ranjan Kumar Ghosh, Mattias Eriksson, Carl-Johan Lagerkvist

Feed importers in some EU member states face constraints on imports of genetically modified (GM) soy, a practice that may compromise the interests of EU livestock farmers. Using the cases of Sweden and Austria, we analyzed price transmission in the soy supply chain originating from Brazil, applying an asymmetric non-linear auto-regressive distributed lag (ARDL) model to identify short-run and long-run asymmetries. The results revealed significant asymmetric effects in how positive and negative price changes are absorbed within the feed industry. Notably, increases in the cost of Brazilian soy swiftly affect the prices for EU farmers, while cost reductions fail to trigger corresponding price decreases. Consequently, stronger constraints on GM soy imports are likely to exacerbate the competitiveness challenges faced by livestock farmers, primarily due to their reliance on non-GM soy. This implies that the restrictions on GM imports need to be relaxed or that low-cost local protein alternatives need to be developed.

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Journal Articles | 2023

Transitioning diets: a mixed methods study on factors affecting inclusion of millets in the urban population

Suruchi Singh, Vidya Vemireddy

The increasing health challenge in urban India has led to consumers to change their diet preferences by shifting away from staple cereals and making way for healthier foods such as nutri-cereals like millets and other diverse food groups. Taking the case of millets, this study seeks to uncover the exact drivers for this shift of consumers away from a traditional cereal dense diet to a nutritionally more diverse diet that includes nutri-cereal. We also look at deterrents that dissuade consumers from shifting to millets.

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Journal Articles | 2023

Understanding the impact of augmented reality product presentation on diagnosticity, cognitive load, and product sales

Pratik Tarafdar, Alvin Chung Man Leung, Wei Thoo Yue, Indranil Bose

Augmented reality (AR) enhances consumers’ sensory responses to online product presentations, providing a more immersive experience. In online marketplaces, the utilization of various sensory modalities for product representation proves valuable for consumers’ evaluations. To investigate the impact of AR interfaces on human cognition, we developed a mobile AR app and conducted an experiment. Subjects tested the app, equipped with AR capabilities, alongside traditional two-dimensional (2D) representations for various product types. Our findings reveal that, in comparison to conventional 2D presentations, AR affordances significantly enhance consumers’ perceived product diagnosticity. Notably, this effect is more pronounced for technology products. Additionally, our research indicates that AR interfaces may contribute to an increased perceived cognitive load. In a second study, we conducted a natural experiment using AR-enabled Amazon products to explore the influence of AR interfaces on purchase decisions. For technology products, we observed a substantial increase in product sales when utilizing AR for online presentations. This research makes a valuable contribution to the mobile commerce literature, offering insights to retailers about the efficacy of AR interfaces in the realm of mobile shopping.

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Journal Articles | 2023

Zoning strategies for human–robot collaborative picking

Kaveh Azadeh, Debjit Roy, René de Koster, Seyyed Mahdi Ghorashi Khalilabadi

During the last decade, several retailers have started to combine traditional store deliveries with the fulfillment of online sales to consumers from omni-channel warehouses, which are increasingly being automated. A popular option is to use autonomous mobile robots (AMRs) in collaboration with human pickers. In this approach, the pickers' unproductive walking time can be reduced even further by zoning the storage system, where the pickers stay within their zone periphery and robots transport order totes between the zones. However, the robotic systems' optimal zoning strategy is unclear: few zones are particularly good for large store orders, while many zones are particularly good for small online orders. We study the effect of no zoning (NZ) and progressive zoning strategies on throughput capacity for balanced zone configurations with both fixed and dynamic order profiles. We first develop queuing network models to estimate pick throughput capacity that correspond to a given number of AMRs and picking with a fixed number of zones. We demonstrate that the throughput capacity is dependent on the chosen zoning strategy. However, the magnitude of the gains achieved is influenced by the size of the orders being processed. We also show that using a dynamic switching strategy has little effect on throughput performance. In contrast, a fixed switching strategy benefiting from changes in the order profile has the potential to increase throughput performance by 17% compared to the NZ strategy, albeit at a higher robot cost.

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Journal Articles | 2023

Zoning strategies for human–robot collaborative picking

Kaveh Azadeh, Debjit Roy, René de Koster, Seyyed Mahdi Ghorashi Khalilabadi

During the last decade, several retailers have started to combine traditional store deliveries with the fulfillment of online sales to consumers from omni-channel warehouses, which are increasingly being automated. A popular option is to use autonomous mobile robots (AMRs) in collaboration with human pickers. In this approach, the pickers' unproductive walking time can be reduced even further by zoning the storage system, where the pickers stay within their zone periphery and robots transport order totes between the zones. However, the robotic systems' optimal zoning strategy is unclear: few zones are particularly good for large store orders, while many zones are particularly good for small online orders. We study the effect of no zoning (NZ) and progressive zoning strategies on throughput capacity for balanced zone configurations with both fixed and dynamic order profiles. We first develop queuing network models to estimate pick throughput capacity that correspond to a given number of AMRs and picking with a fixed number of zones. We demonstrate that the throughput capacity is dependent on the chosen zoning strategy. However, the magnitude of the gains achieved is influenced by the size of the orders being processed. We also show that using a dynamic switching strategy has little effect on throughput performance. In contrast, a fixed switching strategy benefiting from changes in the order profile has the potential to increase throughput performance by 17% compared to the NZ strategy, albeit at a higher robot cost.

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Journal Articles | 2023

Celebrity co-creator or celebrity endorser? Exploring mediating and moderating factors in Marcom decision

Subhadip Roy, Aditya Shankar Mishra, Ainsworth Anthony Bailey

The present research delves into the concept of celebrity co-creation from the consumer behavior perspective. It explores the impact of the degree of a celebrity's involvement with a brand (celebrity as an endorser vs. celebrity as a co-creator) on consumers' advertisement and brand-based evaluations (Study 1) and purchase behavior (Study 2). The research subsequently incorporates the mediating effects of consumers' perceived risk (Study 3) and the moderating effect of celebrity expertise (Study 4) in the relationships. Three of the four studies were controlled experiments among nonstudent samples (combined n = 486), while one was a field study. Major findings indicate that a celebrity co-creator is more effective than a celebrity endorser, but both cases of celebrity presence are more effective than the control (Studies 1 and 2). This effect is observed to be mediated by the consumers' perceived risk (Study 3) and moderated by the celebrity's expertise (Study 4). The present research provides a new direction to value co-creation research from the communications perspective and adds to the literature on celebrity endorsements.

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