Research Productive

Show result

Search Query :
Area :
Search Query :
3549 items in total found

Journal Articles | 2018

Stewardship value of income statement classification: An empirical examination

Avinash Arya and Neerav Nagar

Journal of Accounting, Auditing & Finance

This study investigates the use of earnings components in setting CEO compensation and explores how persistence and controllability affect it. The results indicate that compensation committees do accord differential treatment to earnings components based on their persistence and controllability. Among above the line items, income from continuing items, the most persistent item, also receives the most weight, followed by special items, which have smaller persistence. Furthermore, these weights vary across firms in different stages of life cycle in a manner that mirrors variations in their informativeness and persistence. Weights on special items also exhibit contextual sensitivity based on their type and frequency. Among below the line items, discontinued items, which are at least under partial control of the CEO, receive a positive weight. Except extraordinary items, which are largely uncontrollable, we find no evidence that CEOs are shielded from the income-decreasing effects of any of the earnings components.

Read More

Journal Articles | 2018

Disparity in the wages of agricultural labourers in India: An interval-valued data analysis

B.S.Yashavanth and Arnab Kumar Laha

Indian Journal of Agricultural Sciences

This study explores the interval-valued data analysis techniques to witness the spatial disparity in the wage rates of farm labourers in India. Farm labourers constitute more than half of the total workforce engaged in Indian agriculture. Also, farmers' expenses towards labour charges account for more than 50 per cent of the total variable cost of production for most crops.Using the time series data on the nominal farm wage rates paid at different agriculturally important states, the interval-valued series are built. The inflation-adjusted real wage rates are found and both nominal and real wage rate data are used to find the average range of the farm wage rates over the agricultural years for a decade. Using the time series analysis techniques, viz. autoregressive integrated moving average-artificial neural network (ARIMA-ANN) hybrid model and vector autoregressive moving average (VARMA) model, the interval-valued data on nominal wage rates are modelled and the best model for forecasting is identified using forecast evaluation methods. The results established the presence of spatial disparity and the forecasts indicated that this disparity is not going to narrow down in future unless some policy intervention takes place. © 2018 Indian Council of Agricultural Research. All rights reserved.

Read More

Journal Articles | 2018

Turning over a golden leaf? Global liquidity and emerging market central bank's demand for gold after the financial crisis

Balagopal Gopalakrishnan and Sanket Mohapatra

Journal of International Financial Markets, Institutions and Money

The quantity of gold reserves held by central banks in emerging markets and developing economies (EMDEs) has risen sharply in the years following the global financial crisis of 2008. EMDE central banks’ gold holdings rose in both absolute terms and as a share of GDP across the developing regions and in most of the EMDE countries, suggesting a pervasive phenomenon. Using a dynamic panel data model, we find that expansion of central bank balance sheets in the advanced economies and increase in global liquidity are robustly related to the post-crisis increase in EMDE gold reserves, after controlling for domestic factors and changes in the global risk environment. This finding is robust to different model specifications, inclusion of additional covariates, and alternative estimation methods. We argue that quantitative easing undertaken by central banks in the advanced economies resulted in a search for alternative safe assets such as gold, which may explain the continued accumulation of EMDE gold reserves even after the peak of the financial crisis.

Read More

Journal Articles | 2018

Minimum wages in India: Current status and future prospects

Biju Varkkey and Rupa Korde

Policy in Focus

Journal Articles | 2018

Networks of information exchange: Are link formation decisions strategic?

Pritha Dev

Economic Letters

This paper presents an empirical investigation into whether the decision to form a link with a node takes into account how well connected that node is. Given data in the form of a random sample from a network, this paper proposes a novel way to measure the degree of a node to adjust for mismeasurement and also controls for the endogeneity of this variable. It is shown that in fact the probability of forming a link with a node is increasing in the links received by that node but decreasing or unaffected by the links made by that node.

Read More

Journal Articles | 2018

Stitching infrastructures to facilitate telemedicine for low-resource environments

Rajesh Chandwani and Neha Kumar

Proceedings of the CHI Conference on Human Factors in Computing Systems

Telemedicine can potentially transform healthcare delivery in low-resource environments by enabling extension of medical knowledge to remote locations, thus enhancing the efficiency and effectiveness of the larger healthcare infrastructure. However, empirical studies have shown mixed results at best. We present a qualitative investigation of a long-standing telemedicine program operating from Lucknow (Uttar Pradesh, India). Invoking the lenses of human infrastructure and seamful spaces, we highlight the factors that determine the success of this telemedicine program. We identify and describe three important aspects: (1) conceptualizing telemedicine as the connectedness of two nodes rather than doctors and patients alone, (2) identifying the critical 'carrying agent' (local doctors at peripheral nodes) and engaging them in program design and implementation, and (3) ensuring co-creation by engaging patients in the process. Finally, we discuss how our lenses allowed us to recognize the seams made visible through the juxtaposition of the infrastructures at the central and peripheral nodes, and to emphasize the human elements that addressed these seams for ensuring the facilitation of a successful telemedicine program.

Read More

Journal Articles | 2018

Telemedicine for low resource settings: Exploring the generative mechanisms

Rajesh Chandwani and Rahul De

Technological Forecasting and Social Change

Information Communication and Technology for Health (ICT4H) initiatives, such as telemedicine, can potentially bridge the gap between the health care services available in rural and urban areas. However most of such initiatives have not been able to sustain or obtain optimal results. Comprehending knowledge about what drives success in telemedicine initiatives would be highly valuable for practitioners, policymakers and academicians. In this study, through a qualitative analysis of doctor-patient interactions over a telemedicine initiative in India, we attempt to identify the mechanisms that can enable successful telemedicine interventions. Based on the perspective of critical realism, we explore the phenomenon through the lens of ‘generative mechanisms’. Specifically, we identify three different mechanisms that underlie successful telemedicine, namely, (1) Mechanism of rich connectivity, which refers to the expanding scope of information flow between the nodes to include multiple aspects- clinical, managerial and technological; and both online and offline communication; (2) Mechanism of tutoring, which involves learning and skill development of the peripheral doctor; and (3) Mechanism of moulding, which concerns the moulding of naïve patients to expert patients, both in technology use and self management of disease. In addition, the paper demonstrates the efficacy of critical realism as a philosophical perspective for providing substantive insights in the field of ICT4H initiatives.

Read More

Journal Articles | 2018

Exploring linkages between industrial innovation and public policy: Challenges and opportunities

Rakesh Basant

Vikalpa: The Journal for Decision Makers

It is widely understood now that innovation is critical for development and growth of an economy. World over, governments have worked with a variety of policies to encourage innovative activity. Significant research has gone into the analysis of the complex linkages between public policy and innovation. While this research has generated a lot of interesting insights, it has also identified several gaps in our understanding of these linkages. This article is an attempt to pool together some of the ideas that academic research has highlighted on the linkages between innovation and public policy and identify the current challenges as well as opportunities for meaningfully exploring these linkages further. While it draws a lot on existing studies, the article does not provide a comprehensive or rigorous review of the literature on this subject. It is, at best, a tentative attempt to provide a broad perspective on where we stand vis-à-vis our understanding on the relationship between innovation and public policy. And admittedly, it is one of the many perspectives that a researcher can potentially have on this complex relationship.

Read More

Journal Articles | 2018

Food waste due to retail power in suppy chains: Evidence from Sweden

Ranjan Ghosh and Mattias Eriksson

Global Food Security

Trading practices such as the take-back agreement (TBA) can become a tool for retailers to exert coercive power over suppliers when market concentration is high. We explore the implications of TBAs for the Swedish bread industry using unique company data from a premium bread supplier and find that powerful buyers over-order and, thereby, waste. This supplier faced 30% returns on total volume produced in the period 2011–2015 and had to bear the entire cost of bread rejections, collection and disposal. It received payment only for bread sold to end-customers, not the quantity supplied. To our knowledge, this is first time there is substantial evidence of the negative consequences such trading practices lead to with respect to waste. The EU has been considering banning the practices of ‘forcing the supplier to pay for wasted product’ and ‘a buyer returning unsold food products to the supplier’. However, such behaviour is very difficult to prove, given that suppliers-buyers are either tied up with bilateral confidential contracts or operate under relational norms. Yet, TBAs are common in certain food supply chains, presenting a global challenge for prevention of food waste and requiring deeper policy engagement.

Read More