Working Papers: Recent submissions
Now showing items 21-40 of 2627
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India's progressive environmental case law: a worthy roadmap for global climate change litigation
(Indian Institute of Management Ahmedabad, 2022-09-20)This paper explores how the long-standing tradition of common law countries such as India, which have acknowledged the fundamental right to a healthy and pollution free life for many decades, can assist Judges in other ... -
Fishing in muddy waters: mergers and acquisitions during uncertainty
(Indian Institute of Management Ahmedabad, 2022-10-26)Using the COVID-19 pandemic as an exogenous shock, we examine whether firms engage in opportunistic mergers and acquisitions during uncertainty. Par- ticularly, we analyze the inorganic growth strategies of acquiring ... -
Cyclically adjusted PE ratio (CAPE) and stock market characteristics in India
(Indian Institute of Management Ahmedabad, 2022-09-29)We estimate the Cyclically Adjusted PE ratio (CAPE) for equity indices in the Indian market. We find the average CAPE ratio of the Indian market is lower than that of the US. Judging the market valuation level based on ... -
Arbitrage constraints and behaviour of volatility components: evidence from a natural experiment
(Indian Institute of Management Ahmedabad, 2022-10-06)Short-selling constraints are known to impede information flow into the financial markets, particularly that of negative information. We employ “Regulation SHO” as a natural experiment to examine how the lowering of short ... -
Risk information - normal markets and the COVID-19 pandemic period
(Indian Institute of Management Ahmedabad, 2022-10-06)The paper investigates how the market infers changes in the firm-level discount rate (risk information) in normal and turbulent times. The study focuses on two key sources of risk information, earnings announcements of ... -
Performance of quality factor in Indian equity market
(Indian Institute of Management Ahmedabad, 2022-12-06)We study the characteristics of Quality factor (QMJ) in India, which is the sec- ond largest emerging market. Dimensions of quality factor are impacted by the weaker enforcement of corporate governance norms in emerging ... -
In pursuit of balance: vicarious liability doctrine in the United Kingdom and India
(Indian Institute of Management Ahmedabad, 2022-12-20)The Doctrine of Vicarious Liability is a unique exception to the principle of fault-based liability and holds persons liable for the actions of third parties. The recent verdicts in WM Morrison Supermarkets v Various ... -
State-owned banks and credit allocation in India: evidence from an asset quality review
(Indian Institute of Management Ahmedabad, 2022-02-01)This paper examines the role of state-owned banks’ presence in allocation of credit to different sectors in India using the central bank's Asset Quality Review (AQR) as a quasi-natural experiment. The AQR resulted in a ... -
Impact of mergers and acquisitions on innovation: evidence from a panel of Indian pharmaceutical firms
(Indian Institute of Management Ahmedabad, 2022-01-01)Based on the literature, the paper identifies processes that get initiated post an M&A event and affect the acquiring firm’s innovation efforts. We apply panel fixed effects estimation techniques to analyze the individual ... -
Exploring gender perceptions of nuclear energy in India
(Indian Institute of Management Ahmedabad, 2021-11-06)There are numerous studies that have examined the role of gender on differential perceptions on various aspects of energy, including those related to nuclear plants. Yet, few studies have explored the role of changing ... -
Intellectual property licenses in cross-border insolvency: lessons from In Re Qimonda
(Indian Institute of Management Ahmedabad, 2021-11-05)Introduced in 2016, the Insolvency and Bankruptcy Code overhauled the Indian insolvency regime. Five years young, the work in progress Code is now in the process of adopting the Cross-Border insolvency, which was omitted ... -
COVID-19 and period products usage among menstruating women in urban and rural India
(Indian Institute of Management Ahmedabad, 2021-11-03)This paper estimates the impact of the lockdown across various zones on the period product consumption for menstruating women in India. We have used the national-level panel data from the CMIE’s Consumer Pyramids Household ... -
Modelling the impact of ovulatory cycle knowledge on the number of children and age of women at first birth
(Indian Institute of Management Ahmedabad, 2021-11-04)Unplanned pregnancies are an important public health issue, and 15% of unplanned pregnancies across the world happen in India. Ovulatory cycle knowledge (OCK) is an important yet relatively unexplored component in ... -
Gold is old: noble metal in Indian economy through ages
(Indian Institute of Management Ahmedabad, 2021-11-01)For millennia, gold is considered auspicious in India and consumers have a fascination for possessing gold, gold jewellery, and gold coins. In this paper I document the sacredness associated with gold, the ancient Indian ... -
Right to research and copyright law: from photocopying to shadow libraries
(Indian Institute of Management Ahmedabad, 2021-09-03)Academic research and publishing are facing a crisis. The importance of access to academic literature in an interconnected world, the ever-growing cost of subscriptions to this literature, different revenue models of ... -
Targeted interventions: consumption dynamics and distributional effects
(Indian Institute of Management Ahmedabad, 2021-09-02)Income distribution-based targeted interventions are quite common in developing economies. However, often due to institutional frictions, identification of the recipients happens at a lower frequency than the frequency of ... -
Optimal transport based drift detection for sensor streams: method and applications in transportation
(Indian Institute of Management Ahmedabad, 2021-09-01)With increasing adoption of Internet of Things (IoT) across the transportation sector, there is a growing need for developing algorithms for analyzing data streams. Due to dynamic operating environment conditions in the ... -
Tracing director liability framework during borderline insolvency & corporate failure in India
(Indian Institute of Management Ahmedabad, 2021-08-02)The life of a company depends upon the fine balance between its management led by Board of Directors and shareholder, and non-shareholder constituencies acting as the risk bearers. The Board of Directors therefore are ... -
Treatment of intellectual property license in insolvency: analysing Indian law in comparison with the U.S. and U K
(Indian Institute of Management Ahmedabad, 2021-08-01)A bankrupt debtor’s ability to escape unprofitable contracts, enshrined in Section 365 of the American Bankruptcy Code, is considered central to a successful reorganisation within Chapter 11. The ambit of this power and ... -
Pandemic panic? effects of health system capacity on firm confidence during COVID-19
(Indian Institute of Management Ahmedabad, 2021-07-02)In this study, we examine the impact of health system capacity and government responses on firms’ business confidence in response to the COVID-19 pandemic. Using a sample of firm-level data from 53 countries, we find that ...