IIMB Management ReviewPub Date : 2025-12-01Epub Date: 2025-09-26DOI: 10.1016/j.iimb.2025.100614
Abhijit Biswas , Chetan G K , Arindam Das
{"title":"Asset quality, CSR, and profitability nexus in Indian banks: The moderating impact of CSR","authors":"Abhijit Biswas , Chetan G K , Arindam Das","doi":"10.1016/j.iimb.2025.100614","DOIUrl":"10.1016/j.iimb.2025.100614","url":null,"abstract":"<div><div>In the Indian context, the study attempts to examine a bank’s asset quality, CSR activities, and profitability nexus. Findings reveal that the impacts of a bank’s asset quality and CSR activities on its profitability are positive and negative respectively. Interestingly, it is found that the positive relationship between the asset quality and profitability gets negatively moderated by the CSR activities. The trade-off theory helps explain the negative impact of CSR activities on profitability and the negative moderation impact of CSR activities on the positive nexus between asset quality and profitability. The savings in operating costs and lower provisions for NPAs that result from good asset quality provide a plausible explanation for the positive impact of asset quality on profitability.</div></div>","PeriodicalId":46337,"journal":{"name":"IIMB Management Review","volume":"37 4","pages":"Article 100614"},"PeriodicalIF":1.0,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145814424","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
IIMB Management ReviewPub Date : 2025-12-01Epub Date: 2025-11-06DOI: 10.1016/j.iimb.2025.100618
Swapnarag Swain , Anees Ahmad , Sreelekha Mishra
{"title":"Examining the impact of perceived hospital accreditation quality standards on patient loyalty: A Stimulus-Organism-Response theory perspective","authors":"Swapnarag Swain , Anees Ahmad , Sreelekha Mishra","doi":"10.1016/j.iimb.2025.100618","DOIUrl":"10.1016/j.iimb.2025.100618","url":null,"abstract":"<div><div>Drawing on the Stimulus-Organism-Response theory, this study examines how patients’ perception of the hospital accreditation quality standards influences their loyalty to accredited hospitals. A survey was administered among 290 patients admitted to four accredited tertiary care hospitals. The conceptual framework was tested using structural equation modelling. Results suggest that patients’ perception of patient-centred standards and hospital organisation management standards influences trust, leading to their commitment, which finally results in loyalty to accredited hospitals. The findings indicate a partial but significant mediating role of trust and commitment while predicting patient loyalty. It provides insights to hospital quality and marketing managers.</div></div>","PeriodicalId":46337,"journal":{"name":"IIMB Management Review","volume":"37 4","pages":"Article 100618"},"PeriodicalIF":1.0,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145814429","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
IIMB Management ReviewPub Date : 2025-12-01Epub Date: 2025-10-20DOI: 10.1016/j.iimb.2025.100616
Mahika Gandhi , Debasis Rooj , Reshmi Sengupta
{"title":"Impact of banking penetration on stock market participation: A district-level analysis","authors":"Mahika Gandhi , Debasis Rooj , Reshmi Sengupta","doi":"10.1016/j.iimb.2025.100616","DOIUrl":"10.1016/j.iimb.2025.100616","url":null,"abstract":"<div><div>This paper examines the impact of increasing bank branches in a district on the stock market participation of households. Using household-level data from the 70<sup>th</sup> and 77<sup>th</sup> rounds of the National Sample Surveys, we find that households’ decision to participate in the stock market increases significantly when the number of bank branches in their district increases. The subsample analysis shows that an increase in bank branches has a greater impact in rural areas than urban areas. Also, OBC families and household heads with graduate-level or higher education are the primary beneficiaries of increased banking services on stock market participation.</div></div>","PeriodicalId":46337,"journal":{"name":"IIMB Management Review","volume":"37 4","pages":"Article 100616"},"PeriodicalIF":1.0,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145814431","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Leverage adjustment analytics: Effect of macroeconomic conditions on emerging economies","authors":"Ravindra Nath Shukla , Vishal Vyas , Ankur Roy , Animesh Chaturvedi","doi":"10.1016/j.iimb.2025.100619","DOIUrl":"10.1016/j.iimb.2025.100619","url":null,"abstract":"<div><div>In this study, we analyse the impacts of the upper and lower macroeconomic regimes on leverage adjustment. We have selected manufacturing firms from emerging economies for the period of 2012-2022. The dynamic panel threshold model determines the upper and lower regimes for different macroeconomic variables. We used the partial adjustment model and dynamic panel fractional estimator to analyse the leverage speed of adjustment (SOA). Our findings reveal that macroeconomic variables are significant leverage determinants, firms present leverage SOA heterogeneity across countries and macroeconomic regimes, and financially flexible firms tend to have higher SOA than constrained firms in upper and lower macroeconomic regimes.</div></div>","PeriodicalId":46337,"journal":{"name":"IIMB Management Review","volume":"37 4","pages":"Article 100619"},"PeriodicalIF":1.0,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145814430","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
IIMB Management ReviewPub Date : 2025-09-01Epub Date: 2025-08-15DOI: 10.1016/j.iimb.2025.100595
Srivardhini K. Jha , Anilesh Seth
{"title":"Global Capability Centres: Emerging Opportunities and Challenges","authors":"Srivardhini K. Jha , Anilesh Seth","doi":"10.1016/j.iimb.2025.100595","DOIUrl":"10.1016/j.iimb.2025.100595","url":null,"abstract":"<div><div>This article explores the evolving landscape of Global Capability Centres (GCCs) in India, highlighting their shift from cost arbitrage units to strategic hubs of innovation and value creation. Drawing on a roundtable discussion with industry leaders, it examines key themes including locational shifts, leadership strategies, talent challenges, and the impact of emerging technologies like GenAI. The article offers insights into how GCCs can navigate increasing complexity and global competition while strengthening their role within multinational enterprises. It also discusses implications for business schools in shaping the next generation of GCC leadership.</div></div>","PeriodicalId":46337,"journal":{"name":"IIMB Management Review","volume":"37 3","pages":"Article 100595"},"PeriodicalIF":1.0,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145108752","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
IIMB Management ReviewPub Date : 2025-09-01Epub Date: 2025-07-03DOI: 10.1016/j.iimb.2025.100589
Kundan Kandhway
{"title":"A network science-based approach to rank cricket players","authors":"Kundan Kandhway","doi":"10.1016/j.iimb.2025.100589","DOIUrl":"10.1016/j.iimb.2025.100589","url":null,"abstract":"<div><div>We present a method to rank cricket players based on the node centrality concept from network science. We create batsmen-bowlers bipartite networks with edge weights based on performance metrics such as average, strike rate, etc. Then, modifications of the standard Katz and PageRank centrality measures are proposed to assign centrality scores to the nodes of these weighted bipartite networks. We tested our approach on the ODI and T20 data of the last two decades to come up with the rank of the players based on their performance during this period.</div></div>","PeriodicalId":46337,"journal":{"name":"IIMB Management Review","volume":"37 3","pages":"Article 100589"},"PeriodicalIF":1.0,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145108755","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
IIMB Management ReviewPub Date : 2025-09-01Epub Date: 2025-08-05DOI: 10.1016/j.iimb.2025.100592
Somdeep Chatterjee , Oindrila Dey
{"title":"Conditionality matters: A Samaritan’s Dilemma with in-kind transfers targeting educational attainment","authors":"Somdeep Chatterjee , Oindrila Dey","doi":"10.1016/j.iimb.2025.100592","DOIUrl":"10.1016/j.iimb.2025.100592","url":null,"abstract":"<div><div>This paper studies the possible existence of a Samaritan’s Dilemma associated with in-kind transfers in the form of distribution of free books and uniforms to elementary school students in India. Using propensity score matching methods, we show that despite the transfer being in-kind, there are perverse consequences on learning levels of recipient children compared to non-recipients. These findings are supported by a theoretical model suggesting that absence of conditionality in transfer entails low returns from exerting efforts for learning. A direct design implication is to focus on the conditionality of the transfer regardless of its nature viz., cash or kind.</div></div>","PeriodicalId":46337,"journal":{"name":"IIMB Management Review","volume":"37 3","pages":"Article 100592"},"PeriodicalIF":1.0,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145109243","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
IIMB Management ReviewPub Date : 2025-09-01Epub Date: 2025-08-20DOI: 10.1016/j.iimb.2025.100598
Anureet Saharan, Madhumathi Rajendran
{"title":"Unveiling the hidden patterns: Non-linear determinants of natural hedging","authors":"Anureet Saharan, Madhumathi Rajendran","doi":"10.1016/j.iimb.2025.100598","DOIUrl":"10.1016/j.iimb.2025.100598","url":null,"abstract":"<div><div>We examine whether the relationship between natural hedging and its determinants is non-linear. We develop a novel tridimensional index for measuring the natural hedging of a firm through international diversification. Applying a panel quantile approach with non-additive fixed effects, we categorise firms into subgroups (parent-controlled, jointly-controlled, and locally-controlled) based on the level of international diversification. Using a sample of 1950 listed Indian firms spanning 1991–2022 (18,113 firm-years), we find that the relationship between natural hedging and its determinants varies with changes in the control structure. The non-linearity in the relationship is due to the interconnection between natural hedging and the firm’s operations.</div></div>","PeriodicalId":46337,"journal":{"name":"IIMB Management Review","volume":"37 3","pages":"Article 100598"},"PeriodicalIF":1.0,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145109242","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
IIMB Management ReviewPub Date : 2025-09-01Epub Date: 2025-08-07DOI: 10.1016/j.iimb.2025.100594
Swati Dhir
{"title":"Role of workplace spirituality on work-related attitudes and outcomes: The moderating role of organisational politics","authors":"Swati Dhir","doi":"10.1016/j.iimb.2025.100594","DOIUrl":"10.1016/j.iimb.2025.100594","url":null,"abstract":"<div><div>This study aims to explore the relationship between workplace spirituality, work-related attitude as job satisfaction and well-being, and work-related outcomes as employee retention and organisational performance. Using survey method, data were collected from employees at all levels and analysed it using partial least square structural equation modelling (PLS SEM). The paper has established the significant link between workplace spirituality, employee well-being, and job satisfaction. Also, the study has explained how organisational politics affect employee retention and organisational performance. The results will help the practitioners to design the customised interventions for the employees to improve employee well-being and facilitate workplace spirituality.</div></div>","PeriodicalId":46337,"journal":{"name":"IIMB Management Review","volume":"37 3","pages":"Article 100594"},"PeriodicalIF":1.0,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145109244","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
IIMB Management ReviewPub Date : 2025-09-01Epub Date: 2025-07-09DOI: 10.1016/j.iimb.2025.100591
Mahalakshmi Manian, Parthajit Kayal
{"title":"Detecting and forecasting financial bubbles in the Indian stock market using machine learning models","authors":"Mahalakshmi Manian, Parthajit Kayal","doi":"10.1016/j.iimb.2025.100591","DOIUrl":"10.1016/j.iimb.2025.100591","url":null,"abstract":"<div><div>This study examines financial bubbles in the Indian stock market, where asset prices exceed their intrinsic value, using NIFTY 500 index data (2003–2021). The Phillips, Shi, and Yu (PSY) method detects bubbles through a right-tailed unit root test, revealing notable occurrences in 2007 and 2017. Machine learning algorithms, including Artificial Neural Networks, Random Forest, and Gradient Boosting, outperform traditional methods in predicting bubbles in real time. These findings emphasise the potential of advanced machine learning techniques for policymakers to enhance market regulation and mitigate risks through improved detection and management of financial bubbles.</div></div>","PeriodicalId":46337,"journal":{"name":"IIMB Management Review","volume":"37 3","pages":"Article 100591"},"PeriodicalIF":1.0,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145109240","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}