{"title":"Efficiency of financial production process and its dependence on price anchors: Evidence from India","authors":"Sayantan Kundu , Aditya Banerjee","doi":"10.1016/j.iimb.2024.02.003","DOIUrl":"10.1016/j.iimb.2024.02.003","url":null,"abstract":"<div><p>This paper measures the degree to which disclosed annual financial information assimilates into stock prices through the financial production process (FPP). Since it is established that price anchors impact investor trading decisions, the effect of proximity to chosen price anchors and the historical high and low prices on FPP efficiency is analysed for 611 Indian firms across 11 industries. Results show that a significant number of stocks are FPP inefficient, and the FPP efficiency is mean-reverting. Further, FPP efficiencies depend on proximity to price anchors, implying that FPP efficiency is a proxy measure of behavioural bias in stock prices.</p></div>","PeriodicalId":46337,"journal":{"name":"IIMB Management Review","volume":"36 1","pages":"Pages 56-70"},"PeriodicalIF":1.7,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S097038962400003X/pdfft?md5=96580f7b63a1b687b2c3923b5280ea59&pid=1-s2.0-S097038962400003X-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139920911","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Evolving an integrated framework for ambidextrous HRM: A special case of platform-based gig work","authors":"Ekta Johar, Manjari Singh","doi":"10.1016/j.iimb.2023.10.004","DOIUrl":"10.1016/j.iimb.2023.10.004","url":null,"abstract":"<div><p>This study proposes a conceptual framework emphasising ambidextrous HRM's ability to foster organisational capabilities to survive and succeed in a challenging business environment. We include ambidextrous HRM systems in our discussion on the effectiveness of HRM fit and flexibility. To achieve this, we draw linkages between HRM systems facilitating organisational capabilities in a suitable organisational design, operating within a particular market and corresponding environmental conditions. We further discuss the relevance and operationalisation of ambidextrous HRM systems in the context of the platform-based gig economy.</p></div>","PeriodicalId":46337,"journal":{"name":"IIMB Management Review","volume":"35 4","pages":"Pages 393-404"},"PeriodicalIF":1.7,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0970389623001003/pdfft?md5=69c20bcea74400da35cc06c04cbeb0d9&pid=1-s2.0-S0970389623001003-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135411628","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
J. Ravisankar , Sushanta Kumar Mishra , Swapnil Garg , Nobin Thomas , Kunal Kamal Kumar
{"title":"Exploring the drivers and facets of culture in the formative stage of a public-funded R&D organisation","authors":"J. Ravisankar , Sushanta Kumar Mishra , Swapnil Garg , Nobin Thomas , Kunal Kamal Kumar","doi":"10.1016/j.iimb.2023.11.002","DOIUrl":"10.1016/j.iimb.2023.11.002","url":null,"abstract":"<div><p>Culture is critical in organisations, particularly in research and development (R&D) activities. This study explores the facets and drivers that facilitated culture formation in an R&D setting. We focus on the Indian Space Research Organisation (ISRO), which had been able to develop closely guarded space technology indigenously. Based on in-depth interviews with a unique set of respondents in the age range of 66–94 years, we present a holistic organisational cultural model by juxtaposing its facets and drivers. We further expound on how the constraints of the public-funded organisation are negotiated in building a conducive culture.</p></div>","PeriodicalId":46337,"journal":{"name":"IIMB Management Review","volume":"35 4","pages":"Pages 370-381"},"PeriodicalIF":1.7,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0970389623001027/pdfft?md5=131c6317964a42bc18ca5ca7fb20754c&pid=1-s2.0-S0970389623001027-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138539090","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"IMR – 7th INDAM CONFERENCE PAPERFuture of workplace design from a socio-technical perspective","authors":"Parvathy Venkatachalam, Rajhans Mishra","doi":"10.1016/j.iimb.2022.12.006","DOIUrl":"10.1016/j.iimb.2022.12.006","url":null,"abstract":"<div><p>Post-COVID-19, there is an ongoing discussion worldwide on the future of workplaces across organisations. This is a socio-technical system in transition, and we use a multi-level perspective (MLP) to identify the changing elements. We perform discourse analysis on the social media platform to gather stakeholders’ perspectives on the workplace to identify (a) changing dimensions of the workplace; (b) emerging challenges; (c) the necessity for adoption of new technologies; and (d) learnings from the pandemic with respect to the workplace. We propose a conceptual model through theories of socio-technical perspectives that shall inform practice on the design of workplace policy.</p></div>","PeriodicalId":46337,"journal":{"name":"IIMB Management Review","volume":"35 4","pages":"Pages 317-332"},"PeriodicalIF":1.7,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S097038962300054X/pdfft?md5=c2d9f9360833e5f8f5d07cf5369289b3&pid=1-s2.0-S097038962300054X-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42234250","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"IMR – 7th INDAM CONFERENCE PAPERNarcissus walking the extra mile: A moderated mediation model","authors":"Ankit , Nishant Uppal","doi":"10.1016/j.iimb.2023.02.001","DOIUrl":"10.1016/j.iimb.2023.02.001","url":null,"abstract":"<div><p>By developing and then testing the hypothesis that there is an indirect positive link between narcissism and peer-rated prosocial behaviour through impression management motives, the current study adds to the narcissism literature. The moderating impact of interpersonal influence on the indirect relationship is also investigated in this study. In order to test a moderated mediation model and discover the relationship between narcissism and peer-rated prosocial behaviour via impression management motives, a survey was created to gather responses from 382 prospective corporate managers (Average<sub>age</sub> = 24.29 years; SD<sub>age</sub> = 1.69 years). The mediated association was moderated by interpersonal influence.</p></div>","PeriodicalId":46337,"journal":{"name":"IIMB Management Review","volume":"35 4","pages":"Pages 307-316"},"PeriodicalIF":1.7,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0970389623000046/pdfft?md5=d61b8438d9f1bfd94b99e49b52b77177&pid=1-s2.0-S0970389623000046-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"54846452","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The role of reference group influence: A benchmarking study with working and non-working groups","authors":"Semila Fernandes , Rajesh Panda","doi":"10.1016/j.iimb.2023.10.002","DOIUrl":"10.1016/j.iimb.2023.10.002","url":null,"abstract":"<div><p>This research examines reference group influence on working women and non-working women. It examines how working women and non-working women differ in their susceptibility to reference group influence across product categories: private necessity, private luxury, public necessity, and public luxury. Data collection included 1044 responses, which were analysed using analysis of variance and validated through discriminant analysis. Results show that working women and non-working women differ in their susceptibility towards reference group influences. The findings reaffirm that it is imperative to devise different marketing approaches accordingly and that women cannot be considered a single homogenous target market.</p></div>","PeriodicalId":46337,"journal":{"name":"IIMB Management Review","volume":"35 4","pages":"Pages 405-417"},"PeriodicalIF":1.7,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0970389623000988/pdfft?md5=5dbe6c01e2d43f0fdf0d5ea6746c1d3e&pid=1-s2.0-S0970389623000988-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136093801","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"IMR – 7th INDAM CONFERENCE PAPER Lokasamgraha: An indigenous construct for social entrepreneurship","authors":"Diwakar Singh, Richa Awasthy","doi":"10.1016/j.iimb.2023.04.005","DOIUrl":"10.1016/j.iimb.2023.04.005","url":null,"abstract":"<div><p>This study aims to investigate the role of the indigenous construct <em>lokasamgraha</em> in the context of social entrepreneurship. We identified <em>lokasamgraha</em> through content analysis of the Bhagavad Gita, employing the methodological approaches proposed by Bhawuk (2010). Using the lens of paradox theory, we investigated commonly accepted tensions in social enterprises. We developed a framework to explain how <em>lokasamgraha</em> can assist social enterprises in managing tensions and achieving the triple bottom-line. Furthermore, we validated this framework by citing a <em>lokasamgraha</em>-based social enterprise in India. Finally, before concluding, we discussed the implications and future research directions.</p></div>","PeriodicalId":46337,"journal":{"name":"IIMB Management Review","volume":"35 4","pages":"Pages 344-358"},"PeriodicalIF":1.7,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0970389623000332/pdfft?md5=dd2b44815127baffa18e24d0a751e2a8&pid=1-s2.0-S0970389623000332-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46063578","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Household pandemic Internet search intensity and stock returns: A case of tourism industry resiliency","authors":"Garima Goel , Saumya Ranjan Dash","doi":"10.1016/j.iimb.2023.09.003","DOIUrl":"10.1016/j.iimb.2023.09.003","url":null,"abstract":"<div><p>This paper uses the Google Internet search volume index to capture pandemic attention and examines the effect of COVID-19 on the stock returns of the tourism industry. We find a significant negative effect of pandemic attention sentiment on tourism industry stock returns. The results are robust to the inclusion of alternative pandemic information variables and firm and business cycle controls. Results suggest that large-size firms, firms with better growth opportunities, and value stocks are more resilient to mitigate uncertainty induced by the pandemic. Investors welcome governmental economic policy interventions and thus adjust their return expectations less negatively. Finally, we find that the country's cultural dimension, government efficiency, stable financial system, and health system help to mitigate the downside risk of stock price movements induced by the pandemic.</p></div>","PeriodicalId":46337,"journal":{"name":"IIMB Management Review","volume":"35 4","pages":"Pages 426-440"},"PeriodicalIF":1.7,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0970389623000964/pdfft?md5=2834202834e1fe101c54ea477fd59500&pid=1-s2.0-S0970389623000964-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134994570","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}