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Books | 2023

Impactful data visualization : Hide and seek with graphs

Kavitha Ranganathan

Penguin Random House

Working Papers | 2022

Stigma, Corporate Insolvency, and Law: International Practices and Lessons for India

M P Ram Mohan & Muskaan Wadhwa

Insolvency and bankruptcy have always attracted a measure of stigma. The negative attitude towards insolvency emerged due to the historically harsh treatment of bankrupts and the perception of bankruptcy as a breach of a sacred relationship between the debtor and creditor. Majority of the existing legal scholarship studying the bankruptcy stigma focuses on personal insolvencies, while its influence on corporate insolvencies has largely been neglected. This paper attempts to fill this gap by examining the impact and manifestations of stigma in the context of corporate insolvency. The paper does so by contrasting the corporate insolvency schemes of the United States and the United Kingdom. It argues that while both jurisdictions prioritise the rehabilitation of corporate debtors, there is a divergence in the methodologies across the Atlantic due to the varied historical, cultural, and economic attitudes towards business failures. With this background, the paper explores bankruptcy stigma in the Indian context and shows how certain provisions of the Insolvency and Bankruptcy Code, 2016 seem to reinforce and perpetuate the stigma against incumbent management and promoters of corporate debtors. The paper argues that there is a need to ameliorate the stigma associated with corporate insolvency for the successful rescue and rehabilitation of distressed corporations and for promoting entrepreneurship, innovation, and economic growth in the country.

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Journal Articles | 2022

The role of family in unfolding the process of external corporate venturing in small family businesses

Chitra Singla and Ludvig Levasseur

Small Business Economics

The extant literature argues that small family firms with higher family ownership have a lower proclivity toward external corporate venturing (ECV) activities. We contend that this is not true for all small family firms. Some family firms with higher family ownership can have a higher proclivity toward ECV. Focusing on small family firms with 100% family ownership (highest ownership), we argue that there is heterogeneity in terms of the family’s goals (potential gains) and resources among small family firms that can impact these firms’ engagement in the ECV process. On this basis, we present a conceptual model and some propositions that explain why some small family firms pursue ECV opportunities. In particular, we highlight the role of the family in small family firms’ (100% family-owned) engagement in the three stages of the ECV process: motivation, recognition, and evaluation of ECV opportunities. Specifically, we propose that the “potential long-term socioemotional wealth (SEW) gains” (employment of family members and family harmony) and the family’s resources (social capital and reputation) can impact the motivation for—and identification (including recognition and evaluation/assessment) of—ECV opportunities. In sum, we argue that the families that own small family firms might engage in ECV activities with the hope that their potential SEW gains will be realized via ECV. Availability and exploitability of family resources can help the family to move forward in the ECV process.

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Teacher Development in India: Building on Grassroots Innovations and Technology

Books | 2022

Teacher Development in India: Building on Grassroots Innovations and Technology

Vijaya Sherry Chand,Samvet Kuril, and Ketan Deshmukh

Routledge, London and New York

Leapfrog: Six Practices to Thrive at Work

Books | 2022

Leapfrog: Six Practices to Thrive at Work

Mukesh Sud, and Priyank Narayan

Penguin Viking

Journal Articles | 2022

"Integrating poverty alleviation and environmental protection efforts: A socio-ecological perspective on menstrual health management"

Federica Angeli, Anand Kumar Jaiswal, and Saumya Shrivastava

Social Science & Medicine

Apt menstrual health management is crucial to the livelihood of low-income, bottom of the pyramid (BOP) women as well as to environmental conservation. However, knowledge is still scant about the factors underpinning women's preferences towards menstrual products, and whether and how the environmental impact of different solutions matter to women's choices. We address this gap by proposing a socio-ecological perspective to understand whether a product's low environmental impact enhances low-income women's uptake of sanitary napkins, thereby supporting poverty alleviation objectives but also efforts geared towards environmental protection. Results from a discrete-choice experiment involving 164 women (n = 1148) in two Indian slums in Delhi and Ahmedabad show that sanitary products' biodegradability is the most important attribute affecting women's preferences towards menstrual hygiene management solutions, which also significantly interacts with women's socio-economic and socio-cultural characteristics. Our findings highlight the potential for business models to find positive synergies between environmental protection and poverty alleviation goals and to situate solutions within the larger socio-ecological context of receiving communities.

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Journal Articles | 2022

Electronic marketplaces under conditions of oligopsony and relational marketing – an empirical exploration of electronic agricultural markets in India

Aashish Argade Arnab Kumar Laha Anand Kumar Jaiswal

Electronic Markets

Benefits of electronic marketplaces across diverse, largely consumer-facing, competitive industries have been in the form of lower transaction costs, transparent price discovery, and improved coordination. This article explores the benefits of electronic marketplaces under oligopsony, which generally encompasses relational marketing as well. With producer – first handler agricultural markets as the context, the article draws from literature on electronic marketplaces, transaction costs, and seller-buyer dependence. Based on survey data, an exploratory factor analysis is conducted to understand the elements of relational marketing between farmers and traders. Subsequently, transaction costs of marketing in a physical agricultural marketplace are compared with those in its electronic counterpart. Results did not indicate significant reduction in transaction costs in the e-marketplaces. Reasons for such findings are logically deduced to be a consequence of opportunistic traders not sharing marketing-related information with farmers, notwithstanding dependence of the latter on traders for such informational needs. Implications for policymakers, third-party electronic marketplace providers are discussed for the specific context, besides indicators for similar other market structures.

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Journal Articles | 2022

A climate club to decarbonize the global steel industry

Lukas Hermwille, Stefan Lechtenböhmer, Max Åhman, Harro van Asselt, Chris Bataille, Stefan Kronshage, Annika Tönjes, Manfred Fischedick, Sebastian Oberthür, Amit Garg, Catherine Hall, Patrick Jochem, Clemens Schneider, Ryna Cui, Wolfgang Obergassel, Pan

Nature Climate Change

Decarbonizing global steel production requires a fundamental transformation. A sectoral climate club, which goes beyond tariffs and involves deep transnational cooperation, can facilitate this transformation by addressing technical, economic and political uncertainties.

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Journal Articles | 2022

Inequality of opportunity in health among urban, rural, and migrant children: Evidence from China

Namrata Chindarkar, Maki Nakajima, and Alfred M. Wu

Journal of Social Policy

Rural-urban migrants, though facing unique social and institutional constraints, remain a largely overlooked population in research on health inequality in China. This study applies the inequality of opportunity (IOp) framework to investigate health inequality among children in China. Instead of comparing only urban and rural children, we include rural-urban migrants. Drawing upon three waves of a nation-wide survey, we find that migrant children in China remain disadvantaged in terms of health when compared to urban and rural children. The decomposition of the determinants indicates that while the direct influence of hukou, China’s household registration system, on IOp in health is low and has decreased, particularly between 2007 and 2013, one’s province of residence still matters. Parental health contributes substantially to IOp in health, which likely is an indirect effect of hukou that creates barriers for migrant parents in regard to accessing healthcare. The policy implication of these findings is that although the direct influence of hukou has decreased, when coupled with the continued lack of local government support for the welfare of migrant workers, it perpetuates health inequalities.

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Journal Articles | 2022

Project scheduling under the threat of catastrophic disruption

Joseph G. Szmerekovsky, Prahalad Venkateshan, and Peter D. Simonson

European Journal of Operational Research

We consider the case of scheduling a project under the threat of a catastrophic disruption where the likelihood and timing of the disruption are independent of the project schedule and if the disruption occurs, the project is completely canceled. In such scenarios, there is high managerial interest to know the maximum investment at risk at any time during project execution. This can be answered using the alphorn of uncertainty which maps the maximum and minimum possible project costs during project execution when activity durations and, correspondingly, cash flows are random. We prove the NP-hardness of calculating the alphorn of uncertainty and provide a mixed integer linear program for calculating it. The mixed integer linear program is shown to be able to calculate the alphorn for projects with up to 145 activities efficiently. We also show that using railway scheduling as opposed to roadrunner scheduling can significantly reduce the maximum possible investment at risk without significantly delaying the project.

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IIMA