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Popular Press | 2022

कार्गो ड्रोन और भारत में लॉजिस्टिक्स का भविष्य? (अजय एंटनी, अवि दत्त और डॉ. देबजीत रॉय के साथ)

संदीप चक्रवर्ती

टाइम्स ऑफ इंडिया

Popular Press | 2022

कैसे कला सूचकांक भारतीय कला बाज़ार की कहानी बदल रहे हैं

प्रशांत दास

फोर्ब्स इंडिया

Popular Press | 2022

मुख्य विपणन अधिकारी: क्या संगठनों को वास्तव में उनकी आवश्यकता है?, ब्रांड इक्विटी

सौरव बोरा

इकोनॉमिक टाइम्स

Popular Press | 2022

देशी श्रम कानूनों के असली शिकार? कम आय वाले प्रवासी श्रमिक

चिन्मय तुम्बे

इंडियन एक्सप्रेस

Working Papers | 2022

In Pursuit of Balance: Vicarious Liability Doctrine in the United Kingdom and India

M. P. Ram Mohan and Sai Muralidhar K

The Doctrine of Vicarious Liability is a unique exception to the principle of fault-based liability and holds persons liable for the actions of third parties. The recent verdicts in WM Morrison Supermarkets v Various Claimants (2020) and Various Claimants v Barclays Bank (2020) by the UK Supreme Court restricting the scope of vicarious liability through its interpretation of the akin to employment test as well as the close connection test deserves scrutiny. The Supreme Court apart from reaffirming the traditional distinction between independent contractors and employees also has limited the circumstances in which claims of vicarious liability can be upheld. Given that tort law in India is deeply rooted in the common law of the UK, it is unsurprising that principally vicarious liability in India and UK has evolved similarly. The paper analyses the various principled justifications behind the doctrine and focuses on the various tests such as the akin to employment test, course of employment test & close connection test which are used to impose liability. Further, it comprehensively examines the evolution of the doctrine in the UK and India, and analyses the varying approach taken by the judiciary in both countries against the backdrop of the socio-economic conditions of the workforce. Lastly, the paper identifies the difficulties that the doctrine may face in the future.

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Working Papers | 2022

Performance of quality factor in Indian Equity Market

Joshy Jacob, Pradeep K.P., and Jayanth R.Varma

We study the characteristics of Quality factor (QMJ) in India, which is the second largest emerging market. Dimensions of quality factor are impacted by the weaker enforcement of corporate governance norms in emerging markets. Diversion of revenues by promoters would result in poor profitability, while tunneling of profits would result in lower payout and lower growth. Therefore, investors are likely to attach greater significance to the quality dimensions in stock pricing. Consistent with this hypothesis, the Quality factor is even more important for asset pricing in India than in developed markets. The QMJ factor earns a four factor alpha of 0.92% per month, significantly outperforming the other widely employed factors, market, size, value and momentum factors. A long-only Quality factor earns an alpha of 0.69% per month. The alpha of quality factors is highly significant, judged by the thresholds recommended by Harvey, Liu, and Zhu (2016). The key drivers of the alpha are profitability and payout, which are both consistent with the tunnelling hypothesis. Besides the alpha, the low portfolio churn, lower risk, shorter drawdowns, and viability of long-only strategies restricted to large capitalization stocks suggest that portfolios tilted towards high-quality stocks are highly attractive to institutional and retail investors.

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Journal Articles | 2022

Informal land leasing in rural India persists because it is credible

Yugank Goyal, Pranab Ranjan Choudhury, and Ranjan Kumar Ghosh

Land Use Policy

While insecure property rights are considered ‘perverse’ with respect to development, we examine what are the features most amenable for their persistence. Applying a Credibility Thesis framework in the context of rural land tenancy relations in India, that are largely held through private arrangements, we try to understand if there are inherent preferences to the existing informal structure of land leasing. An in-depth primary household survey across four states of India reveals that farmers rely on customary, informal mode of leasing arrangements because of their functionality in terms of no paperwork, easy accessibility, swifter modes of payment and prompt conflict resolution. Informality makes the existing institutional arrangement ‘credible’ in the eyes of both the tenants and owners. This raises the questions of whether policy prescriptions on intricate land related issues should entail appreciation of prevailing informal tenant customs, regulating them, or simply letting them be and realign agrarian support and delivery systems around this embedded informality.

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Journal Articles | 2022

The olfactory experience (in retail) scale: Construction, validation and generalization

Subhadip Roy and Priyanka Singh

Journal of Service Management

Purpose – Measurement scales for sensory experience in retailing exist for sight, touch and sound. In the present study, the authors aim to develop the olfactory experience (OEX) scale in the context of retailing.

Design/methodology/approach – Based on literature review and six studies that follow standard scale development protocols (combined n 5 1,203), the authors develop and validate a three-dimensional OEX scale. The scale is further validated in the final study in a different market set-up than the first five.

Findings – The authors found the three dimensions of OEX as (scent) company, congeniality and congruity. The OEX scale is found to be generalizable and valid across different cultural and market set-ups. In addition, the OEX (i.e. the scale) was found to effect psychological and behavioral outcomes of the consumer in a significant manner.

Research limitations/implications – The present study contributes to the domain of sensory experience in retailing with the OEX scale and provides three new dimensions of OEX for the academicians to further explore.

Practical implications – The OEX scale provides a ready to use tool for the retailer to gauge the level of OEX in the store and to predict consumer attitudes and behavior.

Originality/value –The study is the first to develop a scale for OEX in retailing or for that matter in consumer behavior.

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Journal Articles | 2022

Identity work at the intersection of dirty work, caste, and precarity: How Indian cleaners negotiate stigma

Avina Mendonca, Premilla D’Cruz, and Ernesto Noronha

Organization

Drawing from in-depth interviews of cleaners employed in the cleaning industry in India, the study examines the ongoing process of constructing a positive identity among dirty workers. Cleaners respond to the intense identity struggles emerging from caste stigma, dirty taint, and precarity by constructing ambivalent identities. Cleaners’ identity work is constituted by the very identity struggles they encounter, and their efforts to negotiate stigmatized identities further create identity tensions. Apart from accenting the paradoxical duality inhered in identity work, the findings show how caste/class inequalities are reworked in a neoliberal milieu and reproduced in identity construction processes. The findings call attention to caste as an important social category in organizational studies that has implications for work identities, dirty work, and precarious work.

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Journal Articles | 2022

Women’s labor force participation and household technology adoption

Gautam Bose, Tarun Jain, and Sarah Walker

European Economic Review