Working Papers: Recent submissions
Now showing items 41-60 of 2627
-
Section 29A of India’s insolvency and bankruptcy code: an instance of hard cases making bad law?
(Indian Institute of Management Ahmedabad, 2021-07-01)The Insolvency and Bankruptcy Code, 2016 offers a second chance to a distressed corporation but not its incumbent management. Section 29A of the IBC excludes promoters and the incumbent management of corporations with ... -
Insolvency set offs in India: a comparative perspective
(Indian Institute of Management Ahmedabad, 2021-06-01)The overarching objective of the Insolvency and Bankruptcy Code, 2016 (IBC) is to foster rescue culture in India and facilitate the reorganization, restoration and resolution of the corporate debtor rather than its ... -
Government responses, business continuity, and management sentiment: impact on debt financing during COVID-19
(Indian Institute of Management Ahmedabad, 2021-04-03)We examine how the government responses, amenability to remote working, and managerial outlook associated with COVID-19 influence debt financing by firms around the world. We find that the propensity and the amount of loan ... -
A minimum buyback requirement in open market repurchases: impact on the signalling role
(Indian Institute of Management Ahmedabad, 2021-04-02)The paper investigates the impact of the imposition of a minimum buyback requirement on open market repurchases in India. We find that the regulatory change has led to a significant increase in the abnormal stock returns ... -
The role of insolvency tests: implications for Indian insolvency law
(Indian Institute of Management Ahmedabad, 2021-04-01)Insolvency determination is central to the formal insolvency and bankruptcy proceedings of a debtor entity. In determining whether a company is solvent or insolvent, two tests are generally used by the bankruptcy courts ... -
Public-Private Partnership (PPP) in Indian railways: models, framework, and policies
(Indian Institute of Management Ahmedabad, 2020-12-05)Indian Railways is the backbone of India's public transportation network. The Railway Ministry is one of the vital ministries of the Government of India with the mandate to provide economic and efficient rail transportation ... -
Determinants of disagreement: learning from Indian inflation expectations survey of households
(Indian Institute of Management Ahmedabad, 2021-01-01)This study explores the determinants of disagreement in households' belief on future inflation. Households commonly show strong information rigidity as a consequence of stickiness in their information update (Mankiw and ... -
A general purpose exact solution method for mixed integer concave minimization problems (revised as on 12/08/2021)
(Indian Institute of Management Ahmedabad, 2021-03-01)In this article, we discuss an exact algorithm for mixed integer concave minimization problems. A piece wise inner-approximation of the concave function is achieved using an auxiliary linear program that leads to a bilevel ... -
Equity portfolio diversification: how many stocks are enough? evidence from India
(Indian Institute of Management Ahmedabad, 2021-02-02)How many stocks are required to reduce unsystematic risk significantly is an important question for investors. While there is a large body of research on the subject in the United States, there is little formal work on ... -
Doctrinal conflict in foreign investment regulation in India: NTT Docomo vs. Tata Sons and the case for “Downside Protection”
(Indian Institute of Management Ahmedabad, 2021-02-01)The strategic importance of India as an investment destination for foreign investors is highlighted by ongoing tensions in the Indo-Pacific region, and the recognition that a strong economic relationship with India is in ... -
A 2020 vision of India’s farm market reforms
(Indian Institute of Management Ahmedabad, 2021-01-02)Concern for farmers and market facilitation by the state is as old as Indian civilization. In the post-Independence era, this concern was addressed by provision of market-yards for the farmers through APMC Acts of the state ... -
Enhancing port performance: a case of Jawaharlal Nehru Port Trust
(Indian Institute of Management Ahmedabad, 2020-12-04)Ports are critical infrastructure and contribute significantly to international trade. They play a crucial role in connecting developing countries to the global market and boost the business and growth of the economy. ... -
Pandemics and historical mortality in India
(Indian Institute of Management Ahmedabad, 2020-12-03)This paper presents selected historical mortality statistics of India and analyses their characteristics and trends. Statistics are collated from a wide range of sources as time series at different regional scales, and ... -
Expectations formation of household inflation expectations in India
(Indian Institute of Management Ahmedabad, 2020-12-02)Inflation expectations data are commonly used to address a number of important questions primarily related to the inflation expectations formation. This work presents such an empirical analysis of Reserve Bank of India’s ... -
How informative are quantified survey data? evidence from RBI household inflation expectations survey
(Indian Institute of Management Ahmedabad, 2020-12-01)Quantification of the ordinal survey responses on inflation expectations ease and important preliminary step for undertaking further macroeconomic analysis of the data. In this paper, we briefly describe the standard ... -
Public perception of courts in India: unmeasured gap between the justice system and its beneficiaries
(Indian Institute of Management Ahmedabad, 2020-11-02)Understanding how people view the courts and the legal profession helps in identifying some areas of friction, and thereby provides critical insights into the measures needed to improve the working and management of the ... -
The Pre-Kautilyan period: crucible of proto economic ideas and practices
(Indian Institute of Management Ahmedabad, 2020-10-03)A number of studies have been conducted in the recent past throwing light on Kautilya’s contribution to economic policy. In his treatise Arthashastra, Kautilya informs that his contribution was based on received knowledge ... -
The implications of economic uncertainty for bank loan portfolios
(Indian Institute of Management Ahmedabad, 2020-10-02)This paper analyses the impact of economic uncertainty on the composition of bank credit across household and firm loans. Using bank-level data spanning 40 developed and developing countries, we find that higher economic ... -
Auditors’ negligence and professional misconduct in India: a struggle for a consistent legal standard
(Indian Institute of Management Ahmedabad, 2020-01-09)Gross negligence is a severe form of negligence. Its severity has been characterized using the presence of a mental element or mens rea accompanying the negligent act. Within the context of professional negligence, gross ... -
Pre-packs in the Indian insolvency regime
(Indian Institute of Management Ahmedabad, 2020-08-03)Pre-packaging allows a distressed company to negotiate a plan with its creditors and a purchaser before entering formal insolvency proceedings. By allowing the terms of a plan to be negotiated before formal proceedings, ...