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3890 items in total found

Journal Articles | 2020

Construction, validation and generalization of SERVSTRESS: a measure for service induced customer stress

Subhadip Roy and Varsha Jain

European Journal of Marketing

Purpose

The purpose of this study is to construct and validate a generalizable scale to measure service induced perceived stress for customers of personal services with a high level of intangibles having both online and offline components.

Design/methodology/approach

Five studies were conducted to this end. The first was qualitative and the rest were quantitative (survey) with a total sample size of 1,300. The last study was conducted in a different country than the first four.

Findings

The studies resulted in a five-dimensional SERVSTRESS scale to measure service induced stress for customers with the following dimensions, namely, psychological stress; information stress; complexity stress; personnel stress and outcome stress. The scale was tested in a nomological network.

Research limitations/implications

The present study addresses a hitherto unaddressed gap in marketing literature with the construction and validation of a scale to measure service stress of a customer (named SERVSTRESS) using data from five studies spanning two countries.

Practical implications

The SERVSTRESS scale is relevant for the practitioners as it adds more value beyond the traditional service quality measures and allows the marketer to understand the nature of the stressors (with a specific focus on which is going right and which is going wrong) in the service delivery and allow him/her to take remedial actions.

Originality/value

The originality of the study is in the creation of a new scale to measure personal service stress and uncovering its underlying dimensions.

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Journal Articles | 2020

Does financial reporting quality vary across firm life cycle?

Gopal V. Krishnan, Emma-Riikka Myllymaki, and Neerav Nagar

Journal of Business Finance & Accounting

This study provides empirical evidence that across firm life cycle there is considerable variation in financial reporting quality. Specifically, the focus is on matching quality captured by the contemporaneous correlation between revenues and expenses and on the likelihood of material misstatements in financial statements. On balance, we observe an inverted U-shaped pattern of financial reporting quality, that is, lower quality during the introduction, growth, and decline stages, compared to the mature stage of firm life cycle. First, we find poor matching of expenses with revenues in the introduction, growth, and decline stages. This implies conservative or aggressive recognition of expenses, leading to less informative earnings, and hence lower financial reporting quality. Then, we examine the likelihood of material misstatements, measured by weaknesses in internal control over financial reporting, financial statement restatements, Securities and Exchange Commission's (SEC) accounting and auditing enforcement releases (AAER), and financial statement divergence (FSD) scores. We find clear indications that firms in the introduction, growth, and decline stages are significantly more likely to have misstatements in their financial statements compared to firms in the mature stage. Overall, the findings of this study enhance our understanding of the role of life-cycle stages in causing variation in financial reporting quality.

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Books | 2020

The age of pandemics, 1817-1920: How they shaped India and the world

Chinmay Tumbe

Harper Collins

Books | 2020

First among equals: T-R-E-A-T leadership for L-E-A-P in a knowledge-based world

Vishal Gupta

Bloomsbury

Journal Articles | 2020

The doctrine of frustration under section 56 of the Indian Contract Act

M P Ram Mohan, Promode Murugavelu, Gaurav Ray, and Kritika Parakh

Indian Law Review

The performance of obligations under a contract may be hindered by unexpected supervening events, leading to contractual uncertainties. The doctrine of frustration paves the way for a just consequence of such an unfortunate event, which has happened without any fault of the contracting parties. The doctrine fills the void in a contract regarding supervening events, based on principles of fairness and equity. Considering the large implications on the obligatory and binding nature of a valid contract, it becomes important to analyse the factors that guide the courts to determine its application. Unlike common law, the Indian Contract law explicitly incorporates the doctrine of frustration under section 56 of the Contract Act. However, the evolution of this doctrine in India has been greatly influenced by English law. This paper attempts to restate the law on the doctrine of frustration as applicable in India.

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Journal Articles | 2020

Alternate solution approaches for competitive hub location problems

Richa Tiwari, Sachin Jayaswal, and Ankur Sinha

European Journal of Operational Research

In this paper, we study the hub location problem of an entrant airline that tries to maximize
its share in a market with already existing competing players. The problem is modelled as a nonlinear
integer program, which is intractable for off-the-shelf commercial solvers, like CPLEX and
Gurobi, etc. Hence, we propose four alternate approaches to solve the problem. The first among
them uses the Kellys cutting plane method, the second is based on a mixed integer second order
conic program reformulation, the third uses the Kellys cutting plane method within Lagrangian
relaxation, while the fourth uses second order conic program within Lagrangian relaxation. The
main contribution of this paper lies in the fourth approach, which along with refinements is the
most efficient. Many of the problem instances that were not solvable using standard techniques,
like the Kellys cutting plane method, have been solved in less than 2 hours of CPU time within
1% optimality gap.

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Journal Articles | 2020

Right of recourse claims based on latent defects in the nuclear energy sector in India: Brace yourself for fact-intensive disputes

M P Ram Mohan and Els Reynaers

The University of Pennsylvania Asian Law Review

This working paper is focused on trying to interpret the meaning of "latent defects" and analysing how a case were to unfold if an operator of nuclear installation were to exercise its right of recourse against a supplier in the event of supply of equipment or material with latent defects, as envisaged under the unique Section 17(b) of the Civil Liability for Nuclear Damage Act, 2010 (CLND Act), as adopted by the Indian Parliament. Therefore, this paper presumes and builds on the assumption of some prior knowledge of general nuclear law principles as well as the CLND Act and related debates. We welcome comments on any part of the paper.

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Journal Articles | 2020

Ripples on financial networks

Sudarshan Kumar, Avijit Bansal, and Anindya S. Chakrabarti

The European Journal of Finance

In the financial markets, asset returns exhibit collective dynamics masking individual impacts on the rest of the market. Hence, it is still an open problem to identify how shocks originating from one particular asset would create spillover effects across other assets. The problem is more acute when there is a large number of simultaneously traded assets, making the identification of which asset affects which other assets even more difficult. In this paper, we construct a network of the conditional volatility series estimated from asset returns and propose a many-dimensional VAR model with unique identification criteria based on the network topology. Because of the interlinkages across stocks, volatility shock to a particular asset propagates through the network creating a ripple effect. Our method allows us to find the exact path the ripple effect follows on the whole network of assets.

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Books | 2020

Human resource management

Gary Dessler and Biju Varkkey

Pearson

Books | 2020

The financial landscape of emerging Economies.

Aswini Kumar Mishra, Vairam Arunachalam, Sanket Mohapatra and Dennis Olson

Springer

IIMA