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3549 items in total found

Journal Articles | 2018

Changes in the executive bonus payment patterns in India between 2008-16: Some evidences

Biju Varkkey, Rupa Korde, and Sunny Wadhwaniya

Compensation and Benefits Review

This article provides a brief overview of the trends in bonus payment to executives in India. Using data from the voluntary web based survey of Paycheck India, which is a part of WageIndicator Foundation, this article analyzes the trends in five types of bonuses, viz., performance, end-of-year, festival, profit-share and others, from 2008 to 2016, across public and private sectors and four types of industries, viz., manufacturing and construction; trade, transport and hospitality; commercial services; and public sector, health care and education. The results suggest that performance bonus is the most popular type of bonus, while profit-share is the least popular. However, from 2008 to 2016, the shares of all types of bonuses in both sectors (Public and Private) and all industries have been declining, and in most of the large industries and firms, bonuses in terms of cash payments are now restricted to fewer executives.

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Journal Articles | 2018

Is It the Message or the Medium? Relational management during crisis through blogs, Facebook and corporate websites

Vaibhavi Kulkarni

Global Business review

This is a quasi-experimental study comparing three modes of communication during crisis to examine whether they lead to differences in perception of relational maintenance. Crisis communication by an airline company was marginally modified to mask the organization’s identity, following which participants were exposed to crisis communication through a Facebook page (n = 47), corporate blog entry (n = 58) or corporate media release (n = 50). Contrary to the existing literature, the study did not find any significant differences based on participants’ exposure to different mediums. However, participants relying on Facebook for information about the crisis reported a better understanding of the crisis. The study underscores the importance of perceived user control and familiarity with the medium in determining stakeholder perceptions. It also calls for additional empirical studies to investigate the effectiveness of social media vis-à-vis conventional communication routes, especially when the same information is presented through different mediums.

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Journal Articles | 2018

Internet search engines and two-sided markets: Implications for antitrust analysis

Viswanath Pingali

Economic & Political Weekly

Internet search engines provide a vital platform for various groups to interact and create value. On the one hand, they help users find answers to their search queries, and on the other, search engines monetise their free search services by selling advertisements to connect potential buyers with sellers. An exploration of the economics of search markets is presented along with a discussion about the economic literature on two (multi)-sided markets. There is also a discussion of issues with the developments in the antitrust case pertaining to Google in India.

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Journal Articles | 2018

Looking under the hood: A comparison of techno-economic assumptions across national and global integrated assessment models

Volker Kreya, Fei Guo, Peter Kolpa, Saritha S. Vishawnathan, and Amit Garg

Energy

Integrated assessment models are extensively used in the analysis of climate change mitigation and are informing national decision makers as well as contribute to international scientific assessments. This paper conducts a comprehensive review of techno-economic assumptions in the electricity sector among fifteen different global and national integrated assessment models. Particular focus is given to six major economies in the world: Brazil, China, the EU, India, Japan and the US. The comparison reveals that techno-economic characteristics are quite different across integrated assessment models, both for the base year and future years. It is, however, important to recognize that techno-economic assessments from the literature exhibit an equally large range of parameters as the integrated assessment models reviewed. Beyond numerical differences, the representation of technologies also differs among models, which needs to be taken into account when comparing numerical parameters. While desirable, it seems difficult to fully harmonize techno-economic parameters across a broader range of models due to structural differences in the representation of technology. Therefore, making techno-economic parameters available in the future, together with of the technology representation as well as the exact definitions of the parameters should become the standard approach as it allows an open discussion of appropriate assumptions.

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Journal Articles | 2018

Uncertainty Handling in Bilevel Optimization for Robust and Reliable Solutions

Zhichao Lu, Kalyanmoy Deb, and Ankur Sinha

International Journal of Uncertainty, Fuzziness and Knowledge-Based Systems

Uncertainties in variables and parameters cause optimization problems to move away from globally-optimal and uncertain solutions. Practitioners resort to finding robust and reliable solutions in such situations. Bilevel optimization problems involving a hierarchy of two nested optimization problems have received a growing attention in the recent past due to their relevance in practice. While a number of studies on bilevel solution methodologies and applications are available for a deterministic setup, but studies on uncertainties in bilevel optimization are rare. In this paper, we suggest methodologies for handling uncertainty in both lower and upper level variables that may occur from different practicalities. For the first time, we perform a systematic study demonstrating the effect of uncertainties in each level along with the definition of robustness and reliability in the context of bilevel optimization. The issues and complexities introduced due to such uncertainties are then studied through a number of test cases, for brevity, we only show results on three test cases. Finally, two real-world bilevel problems involving uncertainties in their variables are solved. The study provides foundations and demon- strates viable directions for further research in uncertainty-based bilevel optimization problems.

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Journal Articles | 2018

Does plant size matter? Differential effects of FDI on wages and employment?

Shruti Sharma

Asian Development Review: Studies of Asian and Pacific Economic issues

This paper examines the differential effects, based on the size of the plant, of industry-level foreign direct investment (FDI) on plant-level employment and the wages of skilled and unskilled workers in India's manufacturing sector. On average, there are strong positive differential effects of increased inward-level FDI for large plants relative to small and average-sized plants in terms of employment and the average wages of both skilled and unskilled workers. Small plants experience negative effects from inward FDI, which can be explained by intra-industry reallocation of output from smaller to larger plants. After conducting a regional analysis, I find positive spillovers to small plants in Indian states that receive large and persistent flows of FDI. This suggests that a critical mass of FDI is necessary for small plants to experience positive spillover effects.

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Journal Articles | 2018

Transition Experiences in MD–PhD Programs

Devasmita Chakraverty, Donna B. Jeffe, and Robert H. Tai

MD–PhD training takes, on average, 8 years to complete and involves two transitions, an MD-preclinical to PhD-research phase and a PhD-research to MD-clinical phase. There is a paucity of research about MD–PhD students’ experiences during each transition. This study examined transition experiences reported by 48 MD–PhD students who had experienced at least one of these transitions during their training. We purposefully sampled medical schools across the United States to recruit participants. Semistructured interviews were audio-recorded and transcribed for analysis; items focused on academic and social experiences within and outside their programs. Using a phenomenological approach and analytic induction, we examined students’ transition experiences during their MD–PhD programs. Five broad themes emerged centering on multiple needs: mentoring, facilitating integration with students in each phase, integrating the curriculum to foster mastery of skills needed for each phase, awareness of cultural differences between MD and PhD training, and support. None of the respondents attributed their transition experiences to gender or race/ethnicity. Students emphasized the need for mentoring by MD–PhD faculty and better institutional and program supports to mitigate feelings of isolation and help students relearn knowledge for clinical clerkships and ease re-entry into the hospital culture, which differs substantially from the research culture.

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Journal Articles | 2018

The four eras of "marketing" in twentieth century India

Chinmay Tumbe and Isha Ralli

Journal of Historical Research in Marketing

Purpose

The purpose of this study is to understand the evolution of “marketing” in the public and corporate discourse of twentieth-century India.

Design/methodology/approach

The paper draws its inferences from an analysis of the digital Times of India and Financial Times historical newspaper databases, the corporate archives of two leading Mumbai-based firms – Godrej in consumer goods and Cipla in pharmaceuticals and oral histories of marketing managers.

Findings

The paper identifies four eras of “marketing” in twentieth-century India. Era I (1910-1940) saw the emergence of agricultural “marketing boards” and “marketing officers” in the public sector and the growth of Indian and multinational advertising agencies. Era II (1940-1970) witnessed the formation of management and advertising associations and business schools with close involvement of American players. In Era III (1970-1990), there was a paradigm shift as “marketing” grew in corporate discourse and firms began to employ “marketing managers” in “marketing departments”. Era IV (1990-till date) witnessed the explosion of “marketing” in public and corporate discourse alongside the consumption boom in India. The paper shows how “marketing” evolved separately in the public and private sectors and in different phases as compared to that in the West.

Research limitations/implications

This paper overturns conventional wisdom on marketing history in India, which has so far discounted its significance before 1960 or accorded primary significance to the 1990s’ economic liberalisation programme.

Practical implications

Findings of this study will be useful to marketing professionals and teachers who wish to learn more about the history of marketing in India.

Originality/value

The paper uses unexplored archival material and provides the first account on the evolution of “marketing” in public and corporate discourse in twentieth-century India.

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Journal Articles | 2018

Minimum wages in India: Current status and future prospects

Biju Varkkey and Rupa Korde

Policy in Focus

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.

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