IIMB Management Review最新文献

We examine the dynamics of time-varying currency beta across Indian industries. Through the Markov regime switching model we try to check whether currency beta is also regime-dependent, similar to other financial variables. The paper finds that currency betas are different in sign and magnitude for different industries. During different crisis periods, the nature of currency beta revealed different volatility for different industries. Results also exhibit strong evidence of regime switch behaviour of currency beta. The findings are important to hedgers and portfolio managers who want to hedge and diversify currency beta during normal and turbulent market situations in an emerging economy like India.

This study explores the possibility of offering business legal expense insurance (BLEI) in India to enable 63 million Micro, Small and Medium Enterprises (MSMEs) to hedge against litigation risk. MSMEs, at present, depend upon independent law firms in the event of litigation. Based on the annual legal expense of a sample of 1822 MSMEs, this study suggests that the potential size of the market for BLEI among MSMEs may range between ₹291 billion (US$3.84 billion) to ₹417 billion (US$5.50 billion). Enabling regulatory intervention and the efficiency of the legal system is key to the development of the market.

In this paper, we aim to present the use of structural equation modeling methodology to evaluate a conceptual model empirically, identifying factors critical to policy implementation. It is based on 311 responses from the mid-level implementers of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), the flagship welfare programme of the Government of India.

Our research documents administrative and governance factors, strategic communication, planning, resources, well-defined networks and demographics of the implementers as critical to policy implementation. We expect it will promote the cause of implementation evaluation and encourage interdisciplinary methodologies for public policy evaluation purposes.

We conducted a two-phase study to investigate role of positive affect, helping behaviour, and voice on one's team inclusion. Business students (n = 105) nested in teams participated in the study and provided data through surveys at the beginning of a semester and once again after interacting with their teams for four months. Results establish that positive affect improves team inclusion via an increase in helping behaviour. It further shows that the indirect relationship between positive affect and team inclusion via helping behaviour is stronger only for high levels of voice.

Managing uncertainty is a critical leadership capability. Keeping the COVID-19 pandemic as the background, we conducted a panel discussion with senior corporate leaders to understand how they had approached challenging situations in the past, managed uncertainties, and how these learnings have contributed to their development as leaders. We draw upon the extant literature on leadership under uncertainty and leader development to frame our study. The rich narratives of the panellists provide theoretical insights and significant lessons for managers and emerging leaders.

We conducted two studies (N = 263) to examine the relationship between the pioneering-innovative orientation of managers, innovation heuristics and organisational performance. Study 1, containing a diverse stakeholder sample (n = 201) found that the two hypothesised innovation heuristics, i.e., search and adapt heuristics and fast and frugal heuristics, significantly mediated the relationship between the pioneering innovative orientation and perceived organisational performance. In Study 2, analysis based on a sample of senior business leaders and entrepreneurs (n = 62) confirmed that pioneering innovative orientation and the two identified innovation heuristics significantly predicted the 3-year average annual turnover of firms.

This study focuses on the interaction between strategic commitment (SC), supply chain collaboration (SCC), operational performance (OP), and innovation performance (IP). Structural equation modelling was applied to test data collected through a self-controlled questionnaire survey. Results show that SC has a substantial direct influence on SCC, and direct and indirect influence on OP and IP, respectively. SCC has a direct impact on IP and an indirect effect on OP. IP has a substantial direct influence on OP. These results would be useful to managers in building relations with their partners to enhance OP and IP, and in ensuring supply chain effectiveness.

The research paper reviews literature on various brand valuation models and estimates FMCG companies' financial brand values using an appropriate financial brand valuation model in the Indian context. From 2009 to 2018, 26 BSE 500 FMCG companies were sampled. Financial brand value, prestige driver, loyalty driver, extension driver, return on assets, return on equity, stock price, and Tobin's Q were the main variables in the models. Brand value had a contemporaneous effect on stock prices, but its three-year time-lagged effect was negative. The findings have important practical implications for FMCG firms, investors, investment analysts and managers, the government, and policymakers.